[Economic Indicators March, 1999]
[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
                                                                             --------------------------------------------------------------------------
                                                                                                      Funds raised in markets                                                           Discrep-
                                                                                       -----------------------------------------------------                                  Increase     ancy
                      Period                                                                                   Credit market instruments                           Capital       in     (sources
                                                       Total    Internal \1\              Total            ---------------------------------              Total    expendi-  financial     less
                                                                                Total      net     Net new                        Loans and  Other \2\            tures \3\    assets     uses)
                                                                                          funds    equity             Securities    short-
                                                                                         raised    issues     Total       and        term
                                                                                                                       mortgages    paper
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1988 .............................................       854.0       410.3       443.7     102.7    -129.5     232.2       139.2       93.1      340.9     719.1      364.6      354.5     134.9
1989 .............................................       747.1       399.7       347.4      51.8    -124.2     176.0        83.5       92.4      295.5     581.8      394.2      187.6     165.2
1990 .............................................       596.2       412.7       183.5      52.5     -63.0     115.5        47.6       67.9      131.0     519.3      387.8      131.5      77.0
1991 .............................................       492.9       425.8        67.1     -33.3      18.3     -51.6        65.3     -117.0      100.4     459.3      370.2       89.1      33.6
1992 .............................................       602.5       441.2       161.3      74.1      27.0      47.1        56.9       -9.9       87.3     537.8      385.4      152.4      64.7
1993 .............................................       702.7       484.8       217.9    r 72.7      21.3      51.4        76.4      -25.0    r 145.3     786.9      444.9      342.0     -84.2
1994 .............................................       791.6       550.0       241.6   r 102.5     -44.9     147.4        56.5       90.8    r 139.2     796.7      513.4      283.3      -5.0
1995 r............................................       994.7       603.9       390.8     173.2     -58.3     231.5       114.4      117.2      217.7   1,001.8      568.3      433.5      -7.1
1996 r............................................       999.9       630.9       369.0     106.5     -64.2     170.7       104.5       66.2      262.5   1,002.8      604.5      398.3      -2.9
1997 r............................................     1,009.4       667.1       342.3     143.5    -114.4     257.9       125.4      132.5      198.7     968.8      671.1      297.7      40.5
1998 p............................................     1,063.8       695.8       368.0      80.2    -262.8     342.9       187.1      155.9      287.9   1,045.1      708.5      336.6      18.7
 
1996:I r..........................................     1,043.5       619.4       424.1      75.0     -73.6     148.6        97.4       51.2      349.1   1,018.6      568.1      450.5      24.9
      II r........................................       924.0       623.7       300.3     175.2        .4     174.8       105.0       69.8      125.2     964.5      585.5      379.0     -40.5
      III r.......................................       972.0       630.6       341.4      97.6    -127.6     225.2        84.6      140.6      243.7   1,001.7      629.4      372.3     -29.7
      IV r........................................     1,060.1       649.8       410.3      78.2     -56.0     134.2       131.0        3.3      332.1   1,026.6      635.2      391.4      33.5
 
1997:I r..........................................     1,111.7       646.1       465.6     101.7     -90.4     192.1       100.6       91.4      363.9   1,125.2      641.8      483.4     -13.5
      II r........................................       901.3       666.6       234.7     114.1    -100.0     214.1       124.7       89.3      120.6     894.7      703.7      191.0       6.6
      III r.......................................     1,033.6       684.3       349.3     159.8    -124.0     283.8       161.9      121.8      189.6     938.0      673.0      265.0      95.7
      IV r........................................       990.7       671.4       319.3     198.4    -143.3     341.7       114.3      227.4      120.9     917.6      666.1      251.5      73.2
 
1998:I r..........................................     1,291.1       690.5       600.6     181.9    -139.2     321.1       206.3      114.9      418.7   1,225.7      731.5      494.2      65.5
      II r........................................       908.1       686.9       221.2     228.2    -129.1     357.3       222.7      134.7       -6.9     837.1      685.9      151.2      71.0
      III r.......................................     1,006.1       693.7       312.4      66.2    -308.4     374.6       130.9      243.7      246.2   1,022.5      699.2      323.3     -16.5
      IV p........................................     1,050.4       712.4       338.0    -155.7    -474.4     318.7       188.6      130.1      493.7   1,095.3      717.5      377.8     -44.9
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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\ Includes 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.

    Source: Board of Governors of 
the Federal Reserve System.