Beginning 1996, level is the sum of the market value of common and preferred equity for U.S.-chartered depository institutions. The level of common equity is calculated from CRSP micro data as the sum of shares outstanding times share price at the end of the quarter, using SIC and NAICS codes to identify depository institutions. The level of total financial and nonfinancial preferred equity is benchmarked to data from Standard and Poor's and is calculated for other periods using a perpetual inventory method based on transactions data from Thomson Financial and the Standard and Poor's U.S. Preferred Stock Index. Total preferred stock is then allocated to U.S.-chartered depository institutions by applying the depository institutions' share of total domestic financial corporate equity to the financial portion of the preferred stock, using a ratio from Standard and Poor's Compustat to split out preferred stock between financial and nonfinancial corporations. Prior to 1996, depository institutions? public corporate equities also includes depository institutions? closely held corporate equities ( FOF series FL763164123). Unadjusted transactions from quarterly Reports of Income for U.S.-chartered depository institutions (forms FFIEC 031 and FFIEC 041), schedule RI-A - Changes in Equity Capital, sum of Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury stock transactions) (series RIADB509) and Treasury stock transactions, net (series RIABB510). Report gives year-to-date issuance; figures for previous quarters in same year are subtracted from total shown in form to obtain value for current quarter. Data for the most recent ten years show no significant seasonality.
Last edited on: 03/01/2024