Board of Governors of the Federal Reserve System

Year-end stocks outstanding from SOI Bulletin, annual article on Partnership Returns, table Balance Sheet, by Profit Status and Selected Industrial Group, sum of Mortgages, notes, and bonds payable in less than one year; Mortgages, notes, and bonds payable in one year or more; and Nonrecourse loans less other loans and advances (FOF series FL113169005) and mortgages (FOF series FL113165003)(total for all industries except Agriculture, forestry, fishing and hunting, and Finance and insurance). Year-end stocks outstanding also includes FOF estimate for bank loans owed by sole proprietorships calculated as the ratio of bank loans to income from the FRB 2003 Survey of Small Business Finance multiplied by the year-end stocks outstanding from SOI Bulletin, annual article on Nonfarm Sole Proprietorships, table Income Statements, by Industrial Sectors, line Business receipts, total (total for all industries except Agriculture, forestry, fishing and hunting, and Finance and insurance). Series is converted to quarterly by linear interpolation. The proportion of noncorporate bank loans to total nonfinancial business bank loans at the latest SOI benchmark date is held constant for quarters going forward. Transactions are calculated as the change in the stocks outstanding. Data for the most recent ten years show no significant seasonality.