Post on 21-Aug-2020
TABLE B-87.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-84
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Yearor
qterr"
1946...1947...1948...1949...
1950...1951..1952..1953..1954..
1955..1956..1957..1958..1959...
1960...1961...1962...1963...1964...
1965...1966...1967...1968...1969...
1970...1971...1972...1973...1974...
1975...1976...1977...1978...1979...
1980...1981...1982...1983...
1982:1IIIII....IV....
1983:
HI;III....IV....
1984:t
HI;;;;
Sources
Total
18727.028.919.9
42,136.429.927.829.6
52744.943.441.956.3
48.656.360.168.473.9
91.897.694.7
113.5115.5
102.3125.3151.6192.5190.3
157.0211.0254.1317.5345.2
335.2364.2309.4436.3
309.4324.4328.8274.8
333.9449.2443.3519.1
516,1500.6448.8
Internal
Total
8.112.919.119.5
18.020.221.921723.9
29.529.531.530.336.0
35.436.542.846.551.8
58.562.663.665.064.4
61.873.585.091785.6
1197134.2157.41757188.8
189.5230.4234.3280.5
229.9234.6238.8234.0
250.42697292.5309.3
319.63317337.5
Domes-tic
undis-tributedprofits
8.112.113.28.7
13.19.67.88.07.6
11.810.99.66.5
10.7
8.07.29.6
11,114.6
19.121.218.117.113.4
7.612718.128.132.4
34.043.954762.867.3
49.046.010.418.6
13.813.912.01.6
- 1 . 315.130.630.2
37.639.829.9
Inven-tory
valuationand
capitalcon-
sumptionadjust-ments
- 8 . 2- 9 . 4- 6 . 1- 2 . 0
- 8 . 9-5 .7-3 .5- 4 . 8- 3 . 5
-3 .7- 5 . 9- 4 . 9- 3 . 4- 3 . 0
- 2 . 3- 1 . 2
1.42.32.4
2.51.82.5
.4- 1 . 8
- 4 . 1- 3 . 2- 3 . 8
-17.3- 4 1 7
-21.1-27.5-26.8-36.1-56.8
-57.2-29.6
- 5 . 521.8
- 6 . 6- 7 . 0-4 .7- 3 . 4
17.918.417.233.9
33.444.1567
Capitalcon-
sumptionallow-ances
7.69.2
10.8117
12.614.615.716717.8
19.021723724.7257
26.627.428.229.230.6
32.535.438.642.346.7
51.856.862.067.278.7
93.8103.6114.3129.2147.7
167.8189.5207.1215.2
201.2205.4209.2212.4
211.4212.5217.32197
222.8226.5230.2
Foreignearn-ings1
0.71.01.31.1
1.31.71.91.82,0
2.42.83.12.52.7
3.03.23.63.94,2
4.54.24.45.26.1
6.57.18.6
13.716.3
13.014.315.119730.6
29.924.422.424,8
21,522.322.323.5
22.423.727.525.6
25.721.3207
External
Total
10.614.197
.4
24.016.28.06.15.7
23.215.411.911720.2
13.219.817.322.022.1
33.335.031.148.551.1
40.551.866.6
100.71047
37.376.896.7
141.8156.4
1457133.875.0
155.9
79.589.890.040.8
83.5179.51507209.8
196.6168.9111.3
Credit market funds
Total
6.98.46.53.1
8.110.595576.5
10.212.812.310.512.3
12.112.912.812.514.1
18.523.827.827732.3
35.337.243.456770.2
30.854.772.480.588.2
90.991.581.487.8
98.094.089.144.6
68.786.566.6
129.4
112.681.365.0
Securi-tiesand
mort-gages
3.65.46.74.9
4.26.48.06.067
6.47.5
10.410.58.1
7.51079.48.47.8
7.614.319.115.014.6
26.332.826.420726.3
38.738.235.832.820.9
52.421.843.956.4
24.438.038.674.6
67.085.937.035.7
- 2 3 7-76.9- 7 . 4
Loansand
short-termpaper
3.33.0
- .2- 1 . 8
3.94.11.4
- .4- .2
375.31.9
- .04.2
4.62.23.44.06.2
11.09.58.7
12.617.7
9.04.4
16.936.043.9
- 7 . 916.536.647.767.3
38.569737.531.4
73.756.050.5
-30.1
1.7.6
29.693.6
136.3158.272.4
Other2
3.75.83.3
-2 .7
15.957
- 1 . 5.5
- .8
13.12.5
- .41.27.9
1.26.94.69.58.0
14.811.23.3
20.918.8
5.314.623.244.034.5
6.522.124.361.368.2
54.842.3
- 6 . 468.1
-18.5- 4 . 1
.9- 3 . 8
14.893.184.180.4
83.987.646.3
Uses
Total
16.825.625.318.3
40.437.629.228.027.8
49.140.839.138.551.2
41.451.055.560.464.9
82791.388.5
106.0115.3
98.7122.7149.1191.9190.1
150.9201.8237.6293.63437
317.6334.2258.0384.3
249.9281.2274.3226.8
282.3390.5395.4468.8
483.5458.3443.0
Capital
Wt
18.117.320.314.8
24.030.224.625.722.9
32.636.834.S27737,0
37.536.743.244.750.1
61.074.772.275,4837
80.086.099.0
121.5137.9
109.7148.3175.1201.6219.4
221.2271.3229.6256.2
252.1238.0229.4199.1
206.9255.3270.6291.9
354.5364.3386.8
Increasein
financialassets
- 1 . 48.45.03.5
16.47.44.6
316.54.04.2
10.814.2
3.914.212.315714.8
21.816.616.330.631.6
18.736.750.170.552.2
41.253.562.5
96.562 928.4
128.1
- 2 . 243.244.9277
75.4135.1124.8177.0
129.094.056.2
Discrep-
(sourcesless uses)
1.91.43.61.6
17- 1 . 2
.6— 1U
3.54.14.33.45.0
7,25.34.68.09.0
9.16.46.27.5.2
3.62.62.4
.5
.2
6.09.2
16.523.8
1.5
17.630.051.352.1
59.643.354.548.0
51.558747.850.3
32742,2
5.8
1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.* Consists of tax liabilities, trade debt, and direct foreign investment in the United States.9 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.
Source: Board of Governors of the Federal Reserve System.
333Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1985
TABLE B-89.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-85
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Yearor
quar-ter
1946...1947...1948...1949...
1950...1951...1952...1953...1954...
1955...1956...1957...1958...1959...
1960...1961...1962...1963...1964:..
1965...1966...1967...1968...1969...
1970...1971...1972...1973...1974...
1975...1976...1977...1978...1979...
1980...1981...1982...1983...1984..
1983:1II....III...IV...
1984:1II....III . . .IV...
1985:1II....HI...
Sources
Total
18.727.028.919.9
42.136.429.927.829.6
52.744.943.441.956.3
48.656.360.168.473.9
91.897.694.7
113.5115.5
102.3125.3151.6192.5190.3
157.0211.0254.1317.5345.2
337.6371.6312.8416.9487.4
326.2419.6423.7498.0
511.1490.6442.8505.1
419.9428.7412.3
Internal
Total
8.112.919.119.5
18.020.221.921.723.9
29.529.531.530.336.0
35.436.542.846.551.8
58.562.663.665.064.4
61.873.585.091.785.6
119.7134.2157.4175.7188.8
189.5230.4234.3280.5334.8
250.4269.7292.5309.3
319.6331.7340.7347.1
351.5357.9379.5
Domes-tic
undis-ributedprofits
8.112.113.28.7
13.19.67.88.07.6
11.810.99.66.5
10.7
8.07.29.6
11.114.6
19.121.218.117.113.4
7.612.718.128.132.4
34.043.954.762.867.3
49.046.010.418.634.3
-1.315.130.630.2
37.639.829.330.6
24.017.322.0
Inven-tory
valuationand
capitalcon-
sumptionadjust-ments
-8.2-9.4-6.1-2.0
-8.9-5.7-3.5-4.8-3.5
-3.7-5.9-4.9-3.4-3.0
-2.3-1.2
1.42.32.4
2.51.82.5
.4-1.8
-4.1-3.2-3.8
-17.3-41.7
-21.1-27.5-26.8-36.1-56.8
-57.2-29.6
-5.521.849.0
17.918.417.233.9
33.444.156.961.5
68.575.686.5
Capitalcon-
sumptionallow-ances
7.69.2
10.811.7
12.614.615.716.717.8
19.021.723.724.725.7
26.627.428.229.230.6
32.535.438.642.346.7
51.856.862.067.278.7
93.8103.6114.3129.2147.7
167.8189.5207.1215.2228.5
211.4212.5217.3219.7
222.8226.5230.1234.3
238.3242.1246.7
Foreignearn-ings1
0.71.01.31.1
1.31.71.91.82.0
2.42.83.12.52.7
3.03.23.63.94.2
4.54.24.45.26.1
6.57.18.6
13.716.3
13.014.315.119.730.6
29.924.422.424.823.0
22.423.727.525.6
25.721.324.320.7
20.722.824.3
External
Total
10.614.19.7
.4
24.016.28.06.15.7
23.215.411.911.720.2
13.219.817.322.022.1
33.335.031.148.551.1
40.551.866.6
100.7104.7
37.376.896.7
141.8156.4
148.1141.3
78.5136.4152.6
75.9149.9131.2188.7
191.5159.0102.1158.0
68.470.832.8
Credit market funds
Total
6.98.46.53.1
8.110.59.55.76.5
10.212.812.310.512.3
12.112.912.812.514.1
18.523.827.827.732.3
35.337.243.456.770.2
30.854.772.480.588.2
93.392.083.382.9
104.7
79.573.067.6
111.5
106.278.076.2
158.6
59.755.023.5
Securi-tiesand
mort-gages
3.65.46.74.9
4.26.48.06.06.7
6.47.5
10.410.58.1
7.510.79.48.47.8
7.614.319.115.014.6
26.332.826.420.726.3
38.738.235.832.820.9
52.421.843.956.7
-15.9
73.276.542.934.2
-33.2-66.6
-5.642.0
-16.522.54.6
Loansand
short-termpaper
3.33.0-.2
-1.8
3.94.11.4
-.4-.2
3.75.31.9
-.04.2
4.62.23.44.06.2
11.09.58.7
12.617.7
9.04.4
16.936.043.9
-7.916.536.647.767.3
40.970.239.426.2
120.6
6.3-3.524.777.2
139.4144.6
81.8116.5
76.232.518.9
Other2
3.75.83.3
-2.7
15.95.7
-1.5.5
-.8
13.12.5-.41.27.9
1.26.94.69.58.0
14.811.23.3
20.918.8
5.314.623.244.034.5
6.522.124.361.368.2
54.849.3
-4.953.547.9
-3.676.963.677.2
85.380.925.9-.6
8.715.89.3
Uses
Total
16.825.625.318.3
40.437.629.228.027.8
49.140.839.138.551.2
41.451.055.560.464.9
82.791.388.5
106.0115.3
98.7122.7149.1191.9190.1
150.9201.8237.6293.7343.7
317.7334.6253.8369.6444.0
284.7379.4379.8434.4
480.6449.9395.7449.9
399.7392.3368.8
Capitalexpendi-tures 3
18.117.320.314.8
24.030.224.625.722.9
32.636.834.927.737.0
37.536.743.244.750.1
61.074.772.275.483.7
80.086.099.0
121.5137.9
109.7148.3175.1201.7219.5
221.2271.2229.6256.3367.8
207.0255.5270.8292.0
355.6364.1387.9363.8
371.5363.5359.0
ncreasein
inancialassets
-1.48.45.03.5
16.47.44.62.34.9
16.54.04.2
10.814.2
3.914.212.315.714.8
21.816.616.330.631.6
18.736.750.170.552.2
41.253.562.592.0
124.3
96.563.424.2
113.376.2
77.7123.9109.0142.4
125.085.97.8
86.1
28.228.89.8
Discrep-ancy
(sourcesess uses)
1.91.43.61.6
1.7-1.2
.6-.11.8
3.54.14.33.45.0
7.25.34.68.09.0
9.16.46.27.5
.2
3.62.62.4
.5
.2
6.09.2
16.523.8
1.4
20.037.058.947.343.4
41.540.243.963.6
30.440.747.155.3
20.136.443.5
1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.
Source: Board of Governors of the Federal Reserve System.
356
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1986
TABLE B-89.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-86
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Yearor
quar-ter
1946...1947...1948...1949...
1950...1951...1952...1953...1954...1955...1956...1957...1958...1959...
1960...1961...1962...1963...1964...1965...1966...1967...1968...1969...
1970...1971...1972...1973...1974...1975...1976...1977 ...1978..1979..
1980..1981..1982..1983..1984..1985..
1984:.1II....III. . .IV...
1985:.1II....III . . .IV...
1986:.1II....III . . .
Sources
Total
19.127.429.420.5
42.537.030.528.630.153.445.243.542.356.8
48.856.060.368.574.192.998.494.8
114.7117.9
102.2126.4153.4195.5194.1158.4219.1261.4328.5352.6
347.6382.5327.6431.3503.4483.1
527.3485.1443.7557.5
432.2421.9505.0573.2
413.5456.0389.6
Internal
Total
8.513.319.720.0
18.520.822.522.324.429.930.132.030.736.4
35.936.943.247.052.359.163.364.265.865.2
62.874.786.493.989.3
124.8142.0165.1182.3197.6
200.1239.5242.3285.7326.3352.5
314.1326.2329.0335.8
339.4350.3365.2355.1
361.7355.6359.6
Domes-tic
undis-ributedprofits
8.112.113.28.7
13.19.67.88.07.6
11.810.99.66.5
10.6
8.07.29.6
11.014.619.121.218.117.113.4
7.612.718.128.834.136.449.158.466.971.5
53.750.211.622.231.517.9
39.537.326.222.9
15.214.521.420.6
-1.43.78.0
Inven-tory
aluationand
capitalcon-
umptionadjust-ments
-7.6-8.7-5.2-1.0
-7.9-4.4-2.0-3.3-1.9-2.0-3.7-2.7-1.5-1.0
-.4.6
3.13.93.93.93.33.91.7.0
-1.6-.5
-1.2-14.7-38.1-17.9-25.4-26.0-36.6-57.2
-59.2-38.0-18.7
5.125.952.1
10.822.531.339.0
47.955.261.444.0
67.558.754.2
Capitalcon-
sumptionallow-ances
7.49.0
10.411.2
12.013.814.815.916.817.820.022.023.124.1
25.125.926.828.029.431.534.337.641.445.4
49.954.860.165.276.391.9
102.3114.3129.8149.6
171.3198.8221.4228.2237.9250.6
233.3236.5239.4242.5
245.7249.1252.3255.2
257.1260.3262.6
Foreignearn-ings1
0.71.01.31.1
1.31/71.91.82.02.42.83.12.52.7
3.13.33.74.14.44.74.54.65.56.5
6.97.69.3
14.517.014.416.018.322.233.7
34.428.528.130.231.031.9
30.529.932.131.5
30.631.530.035.3
38.532.934.8
External
Total
10.614.19.8
.4
24.016.28.06.35.7
23.415.211.511.620.3
13.019.117.121.521.833.835.130.648.952.6
39.551.767.0
101.6104.833.677.196.3
146.3155.1
147.5143.085.3
145.6177.1130.6
213.2158.9114.8221.6
92.871.6
139.8218.1
51.8100.3
30.0
Credit market funds
Total
6.98.46.53.1
8.110.59.55.86.5
10.412.711.910.412.4
11.812.212.512.013.719.023.927.328.033.8
34.237.143.857.670.327.155.072.085.087.8
94.393.780.687.6
116.482.1
116.289.677.7
182.3
71.758.253.0
145.6
87.567.115.4
Securi-tiesand
mort-gages
3.65.46.74.9
4.26.48.16.26.86.67.4
10.110.58.3
7.410.59.08.17.87.6
14.319.215.014.6
26.332.826.420.726.438.538.436.033.321.0
53.122.844.057.3
-10.015.3
-26.9-59.7-1.047.6
-10.129.417.024.8
51.850.017.4
Loansand
short-termpaper
3.33.0
-.2-1.8
3.94.11.5
-.4-.33.85.31.8.0
4.2
4.41.73.53.95.9
11.49.58.1
13.019.2
7.94.3
17.436.943.9
-11.516.736.151.866.9
41.270.936.630.3
126.566.8
143.1149.378.7
134.7
81.828.836.0
120.8
35.717.0
-2.0
Other *
3.75.83.3
-2.7
15.95.7
-1.5.5
-.813.12.5-.41.27.9
1.26.94.69.58.0
14.811.23.3
20.918.8
5.314.623.244.034.56.5
22.124.361.267.3
53.249.3
4.758.060.748.5
97.169.337.039.3
21.113.486.872.5
-35.733.314.6
Uses
Total
17.526.525.618.4
40.437.930.028.528.149.141.140.038.652.1
41.850.756.160.364.983.491.987.5
106.0115.0
98.0121.9145.1189.5190.8153.4210.4242.2309.4362.8
343.2349.2292.0399.1469.1438.5
497.6478.4410.8489.6
407.8406.6417.3522.3
393.0430.9344.7
Capitalexpendi-tures 3
18.818.120.714.9
24.030.625.426.223.332.537.235.727.838.0
37.836.543.844.650.161.775.371.275.483.3
79.385.295.0
119.0138.6112.2156.9179.7216.9238.3
244.1286.3256.3274.8371.2353.1
360.3372.4377.4374.9
340.1349.8349.0373.5
380.2354.4336.3
ncreasein
inancialassets
-1.48.45.03.5
16.47.44.62.34.9
16.54.04.2
10.814.2
3.914.212.315.714.821.816.616.330.631.6
18.736.750.170.552.241.253.562.592.4
124.5
99.162.835.7
124.397.985.4
137.3106.033.4
114.6
67.856.868.3
148.8
12.876.48.4
Discrep-ancy
(sourcesess uses)
1.61.03.82.1
2.2-1.0
.5
.11.94.34.13.63.74.6
7.05.34.28.29.19.46.47.38.62.9
4.24.58.36.03.35.08.7
19.319.2
-10.1
4.433.335.632.234.344.6
29.76.7
32.967.9
24.315.387.750.9
20.625.145.0
1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.
Source: Board of Governors of the Federal Reserve System.
348
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1987
TABLE B-92.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-87
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Yearor
quar-ter
1946...1947...1948...1949...
1950...1951...1952...1953...1954...1955...1956...1957...1958...1959...
1960...1961...1962.,.1963...1964...1965...1966...1967...1968...1969...
1970...1971...1972...1973...1974...1975...1976...1977...1978...1979...
1980...1981...1982...1983...1984...1985...1986...
1 9 8 5 :1IIIII....IV.. . .
1986:1IIIII....IV.. . .
1 9 8 7 :1IIIII....
Sources
Total
19.127.429.420.5
42.537.030.528.630.153.445.243.542.356.8
48.856.060.368.574.192.398.494.8
114.7117.9
102.2126.4153.4195.5194.1158.4219.1261.4328.5352.6
345.9383.3327.5432.3518.5492.3491.3
406.5454.6503.5604.8
426.3499.9442.0597.1
439.3491.1487.4
Internal
Total
8.513.319.720.0
18.520.822.522.324.429.930.132.030.736.4
35.936.943.247.052.359.163.364.265.865.2
62.874.786.493.989.3
124.8142.0165.1182.3197.6
200.1239.5242.3285.7336.3355.4351.5
342.3354.9367.7356.6
360.6350.9352.2342.2
343.2340.8351.7
Dpmes-tic
undis-tributedprofits
8.112.113.28.7
13.19.67.88.07.6
11.810.99.66.5
10.6
8.07.29.6
11.014.619.121.218.117.113.4
7.612.718.128.834.136.449.158.466.971.5
53.750.211.622.241.823.47.5
20.820.826.725.4
2.35.98.6
13.3
5.38.8
12.3
Inven-
valuationand
capitalcon-
sumptionadjust-ments
- 7 . 6- 8 . 7- 5 . 2- 1 . 0
- 7 . 9- 4 . 4- 2 . 0- 3 . 3- 1 . 9- 2 . 0- 3 . 7- 2 . 7- 1 . 5- 1 . 0
- .4.6
3.13.93.93.93.33.91.7.0
-1 .6- .5
- 1 . 2-14.7-38.1-17.9-25.4-26 .0-36.6-57 .2
-59 .2-38 .0-18.7
5.125.150.349.9
46.053.959.941.5
66.055.047.431.2
35.026.330.0
Capitalcon-
sumptionallow-ances
7.49.0
10.411.2
12.013.814.815.916.817.820.022.023.124.1
25.125.926.828.029.431.534.337.641.445.4
49.954.860.165.276.391.9
102.3114.3129.8149.6
171.3198.8221.4228.2238.4251.2262.8
246.5249.6252.7255.8
257.8261.4264.1268.1
270.3272.8275.7
Foreignearn-ings1
0.71.01.31.1
1.31.71.91.82.02.42.83.12.52.7
3.13.33.74.14.44.74.54.65.56.5
6.97.69.3
14.517.014.416.018.322.233.7
34.428.528.130.230.930.531.2
29.030.628.533.9
34.428.732.129.7
32.632.933.7
External
Total
10.614.19.8.4
24.016.28.06.35.7
23.415.211.511.620.3
13.019.117.121.521.833.235.130.648.952.6
39.551.767.0
101.6104.833.677.196.3
146.3155.1
145.8143.985.1
146.6182.2136.9139.9
64.399.6
135.7248.1
65.8149.089.8
254.9
96.1150.3135.7
Credit market funds
Total
6.98.46.53.1
8.110.59.55.86.5
10.412.711.910.412.4
11.812.212.512.013.718.423.927.328.033.8
34.237.143.857.670.327.155.072.085.087.8
92.794,580.488.6
121.685.2
109.5
26.269.255.0
190.5
54.3117.664.1
201.9
30.8113.877.6
Securi-tiesand
mort-gages
3.65.46.74.9
4.26.48.16.26.86.67.4
10.110.58.3
7.410.59.08.17.87.0
14.319.215.014.6
26.332.826.420.726.438.538.436,033.321.0
53.122.844.057.3
- 7 . 515.333.3
-20 .418.820.142.6
61.552.231.8
-12.2
92.322.358.0
Loansand
short-termpaper
3.33.0
— 2- U
3.94.11.5
- .4- .33.85.31.8.0
4.2
4.41.73.53.95.9
11.49.58.1
13.019.2
7.94.3
17.436.943.9
-11 .516.736.151.866.9
39.571.736.431.3
129.069.976.1
46.550.434.9
147.9
- 7 . 265.332.4
214.1
-61.591.419.5
Other2
3.75.83.3
-2 .7
15.95.7
- 1 . 5.5
- .813.12.5
- .41.27.9
1.26.94.69.58.0
14.811.23.3
20.918.8
5.314.623.244.034.56.5
22.124.361.267.3
53.249.347
58.060.751.730.4
38.130.480.757.7
11.431.425.753.0
65.336.558.1
Uses
Total
17.526.525.618.4
40.437.930.028.528.149.141.140.038.652.1
41.850.756.260.364.983.492.087.6
106.2115.0
97.9121.8145.1189.7191.1153.4210.4242.2309.7370.6
352.1368.6303.5399.8488.0442.4438.3
410.0394.0441.9523.8
388.3426.3398.4540.4
379.3423.8433.9
Capitalexpendi-tures 3
18.818.120.714.9
24.030.625.426.223.332.537.235.727.838.0
37.836.543.844.650.161.675.371.275.483.3
79.285.195.0
119.0138.6112.3156.9179.6217.0238.3
243.7286.5256.5274.7370.9342.8339.2
334.1345.5337.9353.5
364.6340.5321.5330,2
354.6346,0347.8
Increasein
financial
assets
- 1 . 48.45.03.5
16.47.44.62.34.9
16.54.04.2
10.814.2
3.914.212.515.714.921.816.716.430.831.7
18.736.750.170.752.541.153.562.692.7
132.3
108.482.047.0
125.1117.199.799.1
76.048.5
103.9170.3
23.785.876.9
210.1
24.777.886.1
Discrep-ancy
(sourcesless uses)
1.61.03.82.1
2.2- 1 . 0
.5
.11.94.34.13.63.74.6
7.05.34.18,29.18.96.37.28.52.9
4.34.68.35.83.05.08.7
19.318.9
-17.9
- 6 . 214.824.032.530.549.953.0
- 3 . 560.661.681.0
38.073.643.656.8
60.067.353.5
1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.
Source: Board of Governors of the Federal Reserve System.
354Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1988
TABLE B-92.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-88
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
19801981198219831984198519861987
1986:1I II l lIV
1987:1I II l lIV
1988:1I II l l
Sources
Total
19.227.529.420.5
42.636.930.228.629.853.445.143.542.256.6
48.255.860.668.574.292.799.094.9
114.0116.0
101.8127.4153.4215.2179.0155.3214.6259.3314.1326.0
324.8375.8298.5420.3492.6459.2492.2474.1
440.0473.1453.7602.2
421.7474.1476.5524.0
453.7486.8471.2
Internal
Total
8.513.319.720.0
18.520.822.522.324.429.930.132.030.736.4
35.936.943.247.052.359.163.364.265.865.2
62.874.786.493.989.3
124.8142.0165.1182.3197.6
200.1239.5242.3285.7336.3352.3357.5352.8
367.6355.2358.0349.1
346.8347.9358.3358.1
359.9363.6359.7
Domes-tic
undis-tributedprofits
8.112.113.28.7
13.19.67.88.07.6
11.810.99.66.5
10.6
8.07.29.6
11.014.619.121.218.117.113.4
7.612.718.128.834.136.449.158.466.971.5
53.750.211.622.241.816.76.3
16.0
-.44.37.3
14.0
13.116.722.511.8
24.229.627.0
Inven-tory
valuationand
capitalcon-
sumptionadjust-ments
-7.6-8.7-5.2-1.0
-7.9-4.4-2.0-3.3-1.9-2.0-3.7-2.7-1.5-1.0
-.4.6
3.13.93.93.93.33.91.7.0
-1.6-.5
-1.2-14.7-38.1-17.9-25.4-26.0-36.6-57.2
-59.2-38.0-18.7
5.125.153.556.725.7
74.961.154.935.8
29.623.924.125.0
20.210.15.7
Capitalcon-
sumptionallow-ances
7.49.0
10.411.2
12.013.814.815.916.817.820.022.023.124.1
25.125.926.828.029.431.534.337.641.445.4
49.954.860.165.276.391.9
102.3114.3129.8149.6
171.3198.8221.4228.2238.4251.0262.6274.7
258.1261.3263.8267.2
269.6273.0276.5279.8
285.3288.5291.8
Foreignearn-ings1
0.71.01.31.1
1.31.71.91.82.02.42.83.12.52.7
3.13.33.74.14.44.74.54.65.56.5
6.97.69.3
14.517.014.416.018.322.233.7
34.428.528.130.230.931.131.936.4
34.928.632.032.2
34.534.335.241.5
30.235.435.2
External
Total
10.614.19.8
.5
24.016.17.86.25.4
23.415.111.511.620.2
12.418.917.421.621.933.635.730.748.350.8
39.052.767.0
121.389.730.572.694.2
131.9128.4
124.7136.4
56.2134.6156.3106.9134.8121.3
72.4117.8
95.7253.0
74.9126.2118.2165.9
93.8123.2111.5
Credit market funds
Total
6.98.46.53.1
8.110.49.35.86.3
10.312.612.010.412.3
11.312.012.912.013.918.824.627.527.532.3
34.137.442.476.354.923.150.769.470.960.1
70.790.749.877.995.850.993.159.8
1 48.662.872.6
188.4
14.276.460.388.1
89.973.959.1
Securi-tiesand
mort-gages
3.65.46.74.9
4.26.48.16.26.76.67.4
10.110.58.3
7.410.59.08.17.87.0
14.319.215.014.6
26.332.826.444.421.439.442.444.637.69.0
34.529.410.352.6
-5.15.0
35.429.4
63.335.127.815.5
75.212.628.1
1.7
9.8-3.6
1.6
Loansand
short-termpaper
3.43.0
1-L8
4.04.01.2
-.4-.43.75.31.9
-.14.0
3.91.53.83.86.1
11.810.38.3
12.517.7
7.84.5
16.031.933.5
-16.38.3
24.833.251.1
36.261.239.525.3
100.946.057.630.3
-14.727.744.8
172.9
-61.063.832.286.4
80.177.557.5
Other2
3.75.83.3
-2.7
15.95.7
-1.5.5
-.913.22.4
-.51.27.9
1.06.94.69.68.0
14.711.13.2
20.818.5
4.915.424.645.034.8
7.421.924.761.068.2
54.045.7
6.456.860.555.941.761.5
23.855.123.164.7
60.749.757.877.8
3.949.352.4
Uses
Total
17.526.525.618.4
40.437.930.028.528.149.141.140.038.652.1
41.850.756.260.364.983.492.087.6
106.2115.0
97.9121.8145.1189.7191.1153.4210.4242.2324.7368.1
342.1383.6303.5385.8502.7435.3454.3436.6
431.4442.4424.6518.8
388.0436.0446.4476.0
401.5440.0461.4
Capitalexpendi-tures 3
18.818.120.714.9
24.030.625.426.223.332.537.235.727.838.0
37.836.543.844.650.161.675.371.275.483.3
79.285.195.0
119.0138.6112.3156.9179.6217.0238.3
243.7286.5256.5270.7370.6342.3331.5361.0
360.5333.9315.5316.0
341.1345.6350.9406.3
385.4385.1394.6
Increasein
f inanc ia lassets
-1.48.45.03.5
16.47.44.62.34.9
16.54.04.2
10.814.2
3.914.212.515.714.921.816.716.430.831.7
18.736.750.170.752.541.153.562.6
107.7129.8
98.497.0470
115.1132.1
93.0122.8
75.6
70.9108.5109.1202.8
47.090.595.469.7
16.154.966.8
Discrep-ancy
(sourcesless
uses)
1.71.03.82.1
2.2-1.1
.2
.01.74.34.03.63.64.5
6.45.14.48.39.39.36.97.37.91.1
3.85.68.3
25.5-12.0
1.94.2
17.1-10.5-42.1
- 17.3-7.7-4.934.5
-10.123.937.937.5
8.630.629.183.3
33.738.130.148.1
52.246.7
9.9
1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.
Source: Board of Governors of the Federal Reserve System.
414Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1989