[Economic Indicators April, 1995]
[Page Number 29]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
   SOURCES AND USES OF FUNDS, NONFARM NONFINANCIAL CORPORATE BUSINESS

                                        [Billions of dollars; quarterly data at seasonally adjusted annual rates]                                       
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                                                           Sources                                                     Uses                             
                       ---------------------------------------------------------------------------------------------------------------------            
                                                                      External                                                                          
                                               ------------------------------------------------------                                                   
                                                                Credit market funds                                                Increase  Discrepancy
        Period                                           ---------------------------------                           Capital          in       (sources 
                          Total   Internal \1\                                  Loans and               Total   expenditures \3\  financial   less uses)
                                                  Total             Securities    short-   Other \2\                                assets              
                                                            Total       and        term                                                                 
                                                                     mortgages    paper                                                                 
--------------------------------------------------------------------------------------------------------------------------------------------------------
1985  ................     493.8       351.9       142.0      84.7        13.2       71.5       57.3     467.2          370.2          97.0         26.7
1986  ................     538.8       336.7       202.1     148.1        65.1       83.0       54.0     501.7          344.2         157.5         37.1
1987  ................     564.7       375.9       188.8      89.3        39.9       49.4       99.4     492.3          361.5         130.9         72.4
1988  ................     634.2       404.3       229.9      95.0        -4.7       99.8      134.9     575.8          391.0         184.8         58.4
1989  ................     567.9       399.6       168.2      68.0       -37.6      105.6      100.2     509.4          401.1         108.3         58.4
1990  ................     535.5       411.6       123.9      48.3       -20.1       68.3       75.6     488.7          402.8          85.9         46.7
1991  ................     471.7       426.0        45.7       8.7        96.1      -87.4       37.0     435.3          379.8          55.6         36.4
1992  ................     560.5       438.4       122.2      67.9        67.0         .9       54.3     527.8          386.0         141.8         32.8
1993..................     557.4       462.3        95.1      67.1        81.2      -14.1       28.0     523.4          440.4          83.0         34.0
1994 p................     661.4       501.9       159.5      80.3       -21.4      101.7       79.2     648.3          521.5         126.8         13.2
                                                                                                                                                        
1992: I  .............     541.3       434.3       107.0      81.6        94.3      -12.7       25.5     512.8          362.1         150.7         28.4
      II  ............     570.7       432.9       137.8      78.4        95.3      -16.9       59.4     528.7          389.2         139.5         42.0
      III  ...........     531.2       440.7        90.5      39.4        31.0        8.3       51.1     522.6          394.1         128.5          8.6
      IV  ............     598.9       445.6       153.3      72.2        47.2       25.0       81.1     547.0          398.7         148.3         51.9
                                                                                                                                                        
1993: I...............     443.4       436.4         7.0      27.5        83.9      -56.4      -20.6     426.1          424.7           1.4         17.3
      II..............     548.8       450.7        98.1      80.6        68.0       12.7       17.5     530.4          441.5          88.9         18.4
      III.............     600.6       476.4       124.1      78.6       101.9      -23.3       45.6     550.0          444.1         105.9         50.5
      IV..............     636.8       485.7       151.1      81.7        71.1       10.6       69.4     587.2          451.2         136.0         49.5
                                                                                                                                                        
1994: I ..............     663.7       502.9       160.8     115.1        17.2       97.9       45.7     646.3          475.5         170.8         17.4
      II .............     679.7       500.5       179.2     111.2        34.6       76.6       68.0     655.4          522.4         133.0         24.3
      III ............     686.5       502.0       184.5      66.2       -39.2      105.4      118.3     682.3          537.9         144.4          4.2
      IV p............     616.0       502.4       113.6      28.7       -98.0      126.7       84.9     608.9          550.1          58.8          7.1
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    \1\ Undistributed profits (after 
inventory valuation and capital 
consumption adjustments), capital 
consumption allowances, and foreign 
branch profits, dividends, and 
subsidiaries' earnings retained 
abroad.
    \2\ Consists of tax liabilities, 
trade debt, pension fund 
liabilities, and direct foreign 
investment in the U.S.
    \3\ Plant and equipment, 
residential structures, inventory 
investment, and mineral rights from 
U.S. Government.


    Source: Board of Governors of 
the Federal Reserve System.