[Economic Indicators October, 2006]
[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 (Net increase in liabilities)
                                                                            --------------------------------------------------------------------------
                                                                                                     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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1996 ..............................................   1,058.0       659.5       398.5     136.4     -47.3     183.7       130.1       53.7      262.2   1,092.9      638.9      454.0      -34.9
1997 ..............................................     995.4       711.9       283.5     214.1     -77.4     291.5       186.9      104.6       69.3   1,016.2      743.8      272.4      -20.8
1998 ..............................................   1,298.1       682.1       616.0     181.4    -215.5     396.9       242.2      154.9      434.5   1,348.4      778.5      569.9      -50.4
1999 ..............................................   1,718.6       731.0       987.6     260.1    -110.4     370.5       269.7      100.8      727.6   1,833.8      863.9      969.9     -115.2
2000 ..............................................   1,955.4       718.0     1,237.4     223.7    -118.2     341.9       186.2      155.8    1,013.8   2,137.7      928.5    1,209.2     -182.4
2001 ..............................................     850.2       755.0        95.2     167.0     -48.1     215.1       403.9     -188.8      -71.7     980.2      802.6      177.6     -130.0
2002 ..............................................     896.2       811.3        84.9     -26.1     -41.6      15.5       169.8     -154.1      110.9     867.2      737.1      130.1       28.9
2003 ..............................................     844.7       831.3        13.4      39.8     -42.0      81.8       201.3     -119.5      -26.4     832.5      749.9       82.6       12.2
2004 ..............................................   1,498.3       891.5       606.8      48.6    -126.6     175.2       126.6       48.6      558.2   1,607.6      822.4      785.2     -109.3
2005 ..............................................   1,308.4       986.2       322.2     -88.4    -363.6     275.2       149.5      125.7      410.6   1,276.5      881.8      394.7       31.8
 
2004:I ............................................   1,548.4       902.4       646.0     143.2     -54.3     197.5       169.8       27.7      502.7   1,616.7      780.9      835.8      -68.3
      II ..........................................   1,414.1       907.2       506.9     -54.8    -108.7      53.9        32.9       21.0      561.7   1,523.8      816.8      707.0     -109.6
      III .........................................   1,458.6       952.5       506.1      18.9    -190.6     209.5       136.5       73.0      487.2   1,529.9      825.7      704.2      -71.2
      IV ..........................................   1,572.1       803.9       768.2      87.3    -152.7     240.0       167.5       72.4      681.0   1,760.3      866.4      893.9     -188.1
 
2005:I ............................................   1,331.2       898.8       432.4      20.5    -264.3     284.8        97.8      187.0      412.0   1,295.6      887.0      408.6       35.5
      II ..........................................   1,351.5       970.1       381.4     -52.1    -300.1     248.0        88.6      159.4      433.6   1,266.8      849.7      417.1       84.7
      III .........................................   1,288.3     1,063.9       224.4    -160.7    -469.9     309.2       224.0       85.2      385.2   1,268.1      857.2      410.9       20.3
      IV ..........................................   1,262.5     1,012.0       250.5    -161.3    -420.0     258.7       187.6       71.2      411.8   1,275.6      933.5      342.1      -13.1
 
2006:I ............................................   1,332.2     1,088.5       243.7     -91.1    -558.0     466.9       296.9      169.9      334.8   1,369.4      970.1      399.3      -37.2
      II p.........................................   1,398.4     1,085.5       312.9    -190.8    -554.8     364.0       278.1       85.9      503.7   1,432.3    1,008.0      424.3      -33.9
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    \1\ Profits before tax (book) 
less taxes on corporate income, less 
net dividends, plus capital 
consumption allowance (consumption 
of fixed capital plus capital 
consumption adjustment), foreign 
earnings retained abroad, inventory 
valuation adjustment, and net 
capital transfers.
    \2\ Includes trade payables, 
taxes payable, and miscellaneous 
liabilities (foreign direct 
investment in the U.S., pension fund 
contributions payable, and other).
    \3\ Nonresidential fixed 
investment plus residential fixed 
investment, inventory change with 
inventory valuation adjustment, and 
nonproduced nonfinancial assets.
      
    Source: Board of Governors of 
the Federal Reserve System.