Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

F.6 Derivation of Measures of Personal Saving (1)

2016:Q4 Release Date: March 9, 2017

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description
Series code 2014
2015
2016
2015
Q3
2015
Q4
2016
Q1
2016
Q2
2016
Q3
2016
Q4

Line
Personal sector; total financial assets FA174090005 1684.6 1590.9 1439.3 1712.0 1884.8 1687.1 1458.9 1322.1 1288.9 1
Households and nonprofit organizations; private foreign deposits; asset FA153091003 -6.4 -14.1 -2.1 -15.0 -17.9 3.3 -8.3 -0.8 -2.5 2
Personal sector; checkable deposits and currency; asset FA173020005 142.5 184.7 60.5 -160.2 379.8 352.9 -3.5 -88.5 -18.9 3
Personal sector; total time and savings deposits; asset FA173030005 454.0 527.4 738.5 788.5 579.0 178.4 581.2 1461.7 732.8 4
Personal sector; money market mutual fund shares; asset FA173034005 -22.6 -38.4 -39.3 -134.8 26.7 117.6 -25.0 -246.8 -3.0 5
Personal sector; debt securities; asset FA174022005 -40.3 149.7 -55.5 1050.4 122.2 46.8 -460.5 107.1 84.6 6
Personal sector; Treasury securities; asset FA173061105 -224.6 220.8 209.4 628.5 95.0 54.2 354.0 378.4 51.1 7
Households and nonprofit organizations; agency- and GSE-backed securities; asset FA153061705 105.3 194.3 -120.1 362.8 445.1 -183.0 -219.1 -211.9 133.7 8
Personal sector; municipal securities; asset FA173062005 -59.3 -60.7 11.5 -6.9 -119.8 -23.2 -45.7 8.5 106.3 9
Households and nonprofit organizations; corporate and foreign bonds; asset FA153063005 138.3 -204.7 -156.4 65.9 -298.2 198.7 -549.8 -67.9 -206.5 10
Personal sector; loans; asset FA174023005 45.2 -59.3 -5.0 -14.8 -112.6 166.1 1.2 -102.2 -85.0 11
Households and nonprofit organizations; corporate equities; asset(2) FA153064105 167.9 18.1 -38.5 -623.1 9.0 96.2 551.7 -744.3 -57.6 12
Households and nonprofit organizations; mutual fund shares; asset FA153064205 241.7 58.3 27.2 102.1 18.4 -198.8 125.4 214.9 -32.5 13
Nonprofit organizations; grants and trade receivables; asset FA163070005 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 14
Households and nonprofit organizations; life insurance reserves; asset FA153040005 35.1 35.6 39.7 49.0 20.7 13.2 74.1 28.8 42.7 15
Households and nonprofit organizations; pension entitlements; asset FA153050005 297.5 446.5 388.0 397.1 522.0 580.2 332.2 308.0 331.5 16
Personal sector; other financial assets FA173099005 363.2 275.4 318.8 265.9 330.6 324.4 283.4 377.4 290.0 17
Personal sector; total capital expenditures FA175050005 2195.8 2349.5 2435.2 2370.8 2389.7 2395.0 2411.6 2439.3 2494.8 18
Personal sector; gross fixed investment, residential equipment and structures FA175012005 562.8 643.6 705.0 655.4 677.3 697.5 698.2 700.1 724.2 19
Personal sector; gross fixed investment, nonresidential structures, equipment, and intellectual property products FA175013005 414.9 426.4 418.9 429.1 423.4 418.4 418.9 417.6 420.5 20
Households and nonprofit organizations; gross fixed investment, consumer durable goods FA155111003 1218.5 1275.4 1320.3 1284.3 1291.0 1286.2 1308.1 1330.7 1356.2 21
Households and nonprofit organizations; acquisition of nonproduced nonfinancial assets (net) FA155420003 -8.0 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 22
Nonfinancial noncorporate business; inventories FA115020005 7.6 12.2 -0.8 10.2 6.2 1.1 -5.4 -1.0 2.0 23
Personal sector; consumption of fixed capital, structures, equipment, and intellectual property products, including consumer durables, current cost basis FA176300005 1760.0 1814.0 1848.8 1824.7 1839.6 1818.0 1841.9 1860.9 1874.3 24
Personal sector; consumption of fixed capital, residential equipment and structures, current cost basis FA176320005 422.8 436.2 450.3 438.6 442.1 444.2 448.8 452.4 456.0 25
Personal sector; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA176330005 332.1 344.3 359.4 345.5 348.0 350.1 356.6 363.3 367.7 26
Households and nonprofit organizations; consumption of fixed capital, consumer durable goods FA156300103 1005.1 1033.5 1039.0 1040.7 1049.4 1023.7 1036.5 1045.3 1050.6 27
Personal sector; nonfinancial assets(3) FA172010005 435.8 535.5 586.4 546.1 550.1 577.0 569.7 578.5 620.5 28
Personal sector; residential equipment and structures, current cost basis FA175012865 140.1 207.4 254.7 216.8 235.1 253.3 249.3 247.8 268.2 29
Personal sector; nonresidential structures, equipment, and intellectual property products, current cost basis FA175013865 82.8 82.2 59.4 83.6 75.4 68.3 62.3 54.4 52.8 30
Households and nonprofit organizations; consumer durable goods, current cost basis FA155111005 213.4 241.9 281.3 243.7 241.6 262.4 271.7 285.5 305.6 31
Households and nonprofit organizations; acquisition of nonproduced nonfinancial assets (net) FA155420003 -8.0 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 32
Nonfinancial noncorporate business; inventories FA115020005 7.6 12.2 -0.8 10.2 6.2 1.1 -5.4 -1.0 2.0 33
Personal sector; total liabilities FA174190005 796.8 780.4 911.8 491.3 1030.3 759.7 992.9 980.7 914.1 34
Personal sector; home mortgages; liability FA173165105 38.9 140.9 264.7 149.2 179.4 165.1 259.2 315.6 319.0 35
Personal sector; commercial, multifamily, and farm mortgages; liability FA173165205 188.0 194.1 217.5 187.4 230.5 187.1 208.7 253.9 220.3 36
Households and nonprofit organizations; consumer credit; liability FA153166000 221.8 232.7 229.0 244.1 216.3 196.7 228.9 261.4 228.8 37
Households and nonprofit organizations; other loans and advances; liability FA153169005 33.2 -76.5 -10.5 -294.2 2.5 -94.0 44.1 92.9 -85.2 38
Personal sector; other liabilities FA173199005 315.0 289.2 211.2 204.9 401.6 304.8 252.0 56.9 231.3 39
Personal sector; net capital transfers paid(4) FA175440005 9.6 21.5 15.4 21.6 22.7 22.8 16.1 22.4 0.4 40
Personal sector; personal saving including consumer durables (FOF) FA176007025 1333.2 1367.5 1129.3 1788.3 1427.2 1527.2 1051.8 942.2 995.7 41
Households and nonprofit organizations; consumer durable goods, current cost basis FA155111005 213.4 241.9 281.3 243.7 241.6 262.4 271.7 285.5 305.6 42
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability(5) FA313154015 -2.0 -2.2 -2.4 -2.6 -2.4 -2.9 -3.2 -2.5 -1.1 43
Households and nonprofit organizations; adjustment to contributions for government social insurance paid for U.S. affiliated areas FA156600075 5.1 5.1 5.1 5.1 5.0 5.0 5.1 5.1 5.2 44
Personal sector; personal saving excluding consumer durables and federal government life insurance reserves and Railroad Retirement Board and National Railroad Retirement Investment Trust pension fund reserves (FOF)(6) FA176007005 1127.0 1132.9 855.5 1552.3 1193.1 1272.7 788.4 664.4 696.3 45
Households and nonprofit organizations; personal saving excluding consumer durables and federal government life insurance reserves and Railroad Retirement Board and National Railroad Retirement Investment Trust pension fund reserves (NIPA) FA156007015 726.0 783.6 824.2 798.5 826.8 845.5 822.8 828.0 800.6 46
Personal sector; difference between FOF and NIPA personal saving excluding consumer durables FA176007085 401.0 349.3 31.3 753.8 366.4 427.2 -34.4 -163.6 -104.2 47
Households and nonprofit organizations; disposable personal income FA156012005 13022.7 13519.8 14045.5 13611.7 13726.4 13807.4 13977.3 14128.7 14268.5 48
Personal sector; personal saving (FOF concept; FOF data) as a percentage of disposable personal income FA176007026 10.2 10.1 8.0 13.1 10.4 11.1 7.5 6.7 7.0 49
Personal sector; personal saving (NIPA concept; FOF data) as a percentage of disposable personal income FA176007006 8.7 8.4 6.1 11.4 8.7 9.2 5.6 4.7 4.9 50
Households and nonprofit organizations; personal saving (NIPA concept; NIPA data) as a percentage of disposable personal income FA156007016 5.6 5.8 5.9 5.9 6.0 6.1 5.9 5.9 5.6 51
Personal sector; difference between FOF and NIPA personal saving excluding consumer durables as a percentage of disposable personal income FA176007086 3.1 2.6 0.2 5.5 2.7 3.1 -0.2 -1.2 -0.7 52

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NOTES

  1. Consolidated statement for households and nonprofit organizations and nonfinancial noncorporate business.
  2. Directly held, and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 13), life insurance reserves (line 15), and pension entitlements (line 16).
  3. Line 18 less line 24.
  4. Table F.5, line 59 plus line 63.
  5. Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
  6. Lines 45 and 46 are conceptually equivalent but measure saving using different data. Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 43) and including contributions for government social insurance to U.S.-affiliated areas, plus net investment in nonfinancial assets net of consumer durables (line 28 less line 42) less net increase in liabilities (line 34) plus net capital transfers paid (line 40). Personal savings, NIPA concept (NIPA) (line 46) is disposable personal income (line 48) less personal outlays (table F.101, line 4).
Last update: March 9, 2017