[Economic Indicators September, 1997]
[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                                                                
                                                         ------------------------------------------------------                                 Discrep-
                                                                          Credit market funds                                         Increase     ancy 
            Period                                                 ---------------------------------                       Capital       in     (sources
                                   Total    Internal \1\                                  Loans and               Total    expendi-  financial     less 
                                                            Total             Securities    short-   Other \2\            tures \3\    assets     uses) 
                                                                      Total       and        term                                                       
                                                                               mortgages    paper                                                       
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1987 r........................       649.0       375.1       273.9      80.8        38.8       42.0      193.2     588.9      354.3      234.6      60.2
1988 r........................       852.7       409.0       443.7     101.4         8.3       93.1      342.2     743.3      360.4      382.9     109.3
1989 r........................       745.4       398.0       347.4      67.0       -25.4       92.4      280.4     623.4      389.9      233.5     122.0
1990 r........................       594.0       410.5       183.5      55.4       -12.5       67.9      128.1     498.0      382.7      115.3      96.1
1991 r........................       490.8       423.7        67.1     -35.1        81.9     -117.0      102.2     498.6      368.8      129.8      -7.8
1992 r........................       601.5       440.2       161.3      66.6        76.5       -9.9       94.6     549.8      382.3      167.5      51.7
1993 r........................       702.4       484.5       217.9      70.4        95.4      -25.0      147.5     802.9      445.6      357.3    -100.6
1994 r........................       790.8       549.2       241.6      90.4        -1.0       91.4      151.2     789.9      511.6      278.3        .9
1995 r........................       980.1       576.8       403.3     155.4        43.4      112.0      247.9     976.7      568.5      408.2       3.4
1996 r........................     1,022.1       647.1       375.0      83.9        16.0       67.9      291.1   1,003.7      593.5      410.2      18.4
                                                                                                                                                        
1995:I r......................       876.3       538.1       338.2     206.8        49.6      157.2      131.4     838.6      571.5      267.1      37.7
      II r....................       939.2       556.2       383.0     205.1        63.9      141.2      177.9     961.9      561.3      400.6     -22.7
      III r...................     1,034.7       592.8       441.9      67.2         -.5       67.7      374.7   1,002.6      584.6      418.0      32.1
      IV r....................     1,070.2       620.0       450.2     142.4        60.6       81.8      307.8   1,103.5      556.6      546.9     -33.4
                                                                                                                                                        
1996:I r......................     1,049.3       619.3       430.0      59.3        -2.6       61.9      370.7   1,033.2      559.7      473.5      16.2
      II r....................     1,037.0       637.1       399.9     172.5        97.4       75.1      227.3     937.8      575.5      362.3      99.2
      III r...................       977.2       649.6       327.6      65.3       -68.3      133.6      262.2   1,039.2      610.7      428.5     -62.0
      IV r....................     1,024.6       682.2       342.4      38.4        37.7         .7      304.0   1,004.5      628.1      376.4      20.1
                                                                                                                                                        
1997:I r......................     1,076.7       675.6       401.1      93.1        -3.6       96.7      308.0   1,049.8      648.5      401.3      27.0
      II p....................     1,119.2       685.6       433.6     107.3        24.8       82.5      326.4   1,074.0      706.7      367.3      45.2
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    \1\ Profits before tax (book) 
less profit tax accruals and 
dividends plus consumption of fixed 
capital, foreign earnings retained 
abroad, and inventory valuation 
adjustment.
    \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 access rights from 
U.S. Government.

    Note.--Data beginning 1987 
reflect annual revisions. See 
Federal Reserve statistical release, 
Z.1, Flow of Funds Accounts of the 
United States, issued September 15, 
1997 for details.

    Source: Board of Governors of 
the Federal Reserve System.