关于严格规范非保险金融产品销售的通知

中国保监会关于严格规范非保险金融产品销售的通知

中国保险监督管理委员会

中国保监会关于严格规范非保险金融产品销售的通知

保监发〔2014〕90号

各保监局，各保险公司，各保险专业中介机构：

近年来，一些保险公司、保险专业中介机构及其保险销售（经纪）从业人员向客户直接推介销售包括第三方理财产品在内的非保险金融产品，或者以介绍客户等方式间接从事相关销售活动，在满足客户多层次金融需求的同时，也暴露出销售行为不规范、金融风险交叉传递等问题，有的甚至已经构成金融诈骗和非法集资。为严格规范非保险金融产品销售，现就有关事项通知如下：

一、销售资格和业务规范

（一）保险公司、保险专业中介机构不得销售未经相关金融监管部门批准的非保险金融产品。

（二）法律、行政法规及相关规定对非保险金融产品有销售资质要求的，保险公司、保险专业中介机构应当在销售前符合相应的资质要求。

（三）保险公司、保险专业中介机构应当对分支机构销售非保险金融产品进行统一授权和集中管理，禁止分支机构擅自销售非保险金融产品。

（四）保险公司、保险专业中介机构销售非保险金融产品，应当向客户进行充分的信息披露和风险提示，不得采取违背客户意愿搭售产品的方式销售非保险金融产品，不得向客户销售超出其需求和风险承受能力的非保险金融产品。

（五）保险公司、保险专业中介机构应当就非保险金融产品销售建立专门的业务台账，实行单独核算，将相关资金与自有资金、保险资金等进行有效隔离,并妥善保管与销售活动有关的各种文件、资料。

（六）保险公司、保险专业中介机构应当以书面方式对其保险销售（经纪）从业人员销售非保险金融产品进行明确授权，并对保险销售（经纪）从业人员在授权范围内销售非保险金融产品的行为依法承担责任。

对保险销售（经纪）从业人员越权或者假借所属机构名义私自销售非保险金融产品的，保险公司、保险专业中介机构要及时制止，并依法追究相关人员责任。

（七）保险公司、保险专业中介机构应当在销售非保险金融产品前10个工作日内，向参与销售的机构所在地保监局提交下列材料：

1.非保险金融产品经相关金融监管部门批准的证明材料。

2.相关规定对非保险金融产品有销售资质要求的，取得销售资质的证明材料。

3.拟开展销售活动的机构和人员的基本信息。

4.保监局要求提交的其他材料。

二、集中力量排查风险，做好规范和处置工作

（八）各保险公司、保险专业中介机构要严格按照保险中介市场清理整顿工作要求和本通知精神，采取抽查基层机构、访谈从业人员和客户等多种方式，持续深入排查销售非保险金融产品风险，确保不留死角。

（九）保险公司、保险专业中介机构要对排查出的非保险金融产品分类规范和处置：符合本通知要求的，可以依法合规销售；涉嫌非法集资的，要立即停止销售，及时报告，有效处置风险；不符合本通知要求、暂未发现风险苗头的，要停止销售，处理好善后事宜，消除风险隐患。

（十）各保监局要严格督促销售非保险金融产品的市场主体做好规范和处置工作。一旦发现因产品发行单位违约、销售误导引发群体性事件等风险，要与相关金融监管部门、地方人民政府等紧密协作，督促保险公司、保险专业中介机构及其保险销售（经纪）从业人员依法承担责任，确保处置工作有效，守住保险业不发生系统性、区域性风险的底线。

三、保监局切实担负监管责任

（十一）各保监局要根据国家有关“谁批设机构谁负责风险处置”以及处置非法集资工作由省级人民政府负总责的原则，加强与相关部门的沟通协调，完善非保险金融产品监管协调机制，做好职责范围内的监管工作。

（十二）各保监局要建立健全非保险金融产品销售风险预警机制，坚持定期检查和不定期抽查相结合，完善应急预案，确保风险早发现、早预警、早报告、早处置。

（十三）各保监局要督促保险公司、保险专业中介机构切实承担销售非保险金融产品风险管控的主体责任。对排查不认真不彻底、导致发生风险的，或者发现和处置风险不及时不到位、酿成重大风险事件的，保监局要依法严格追究相关机构及其高级管理人员的责任。

（十四）保险公司、保险专业中介机构违反本通知要求销售非保险金融产品的，各保监局要责令改正，并依法予以处罚。

中国保监会

20xx年11月15日

第二篇：银行、金融和保险

Section 25

Banking, Finance, and Insurance

This section presents data on the nation’s finances, various types of financial institu-tions, money and credit, securities, insur-ance, and real estate. The primary sources of these data are publications of several departments of the federal government, especially the U.S. Treasury Department, and independent agencies such as the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission. National data on insurance are available primarily from pri-vate organizations, such as the American Council of Life Insurers and the Insurance Information Institute.

Flow of funds—The flow of fundsaccounts of the Federal Reserve Board bring together statistics on all of the major forms of financial instruments to present an economy-wide view of asset and liability relationships. In flow form, the accounts relate borrowing and lend-ing to one another and to the nonfinan-cial activities that generate income and production. Each claim outstanding is included simultaneously as an asset of the lender and as a liability of the debtor. The accounts also indicate the balance between asset totals and liability totals over the economy as a whole. Several publications of the Federal Reserve Board contain information on the flow of funds accounts: Summary data on flows and outstandings, in the statistical

release Flow of Funds Accounts of the United States (quarterly); and concepts and organization of the accounts in Guide to the Flow of Funds Accounts (2000). Data are also available on the Federal Reserve Board’s Web site at

<http://www.federalreserve.gov/>. Survey of Consumer Finances (SCF)—The Federal Reserve Board, in cooperation with the Treasury Department, sponsors this survey, which is conducted every 3 years to provide detailed information on the finances of U.S. families. Among the topics covered are the balance sheet, pension, income, and other demographic

characteristics of U.S. families. The survey also gathers information on the use of financial institutions. Since 1992, data for the SCF have been collected by the National Organization for Research at the University of Chicago. Data and information on the survey are available on the Federal Reserve Board’s Web site at <http://www.federalreserve.gov/pubs /oss/oss2/scfindex.html>.

Banking system—Banks in this country are organized under the laws of both the states and the federal government and are regulated by several bank supervisory agencies. National banks are supervised by the Comptroller of the Currency.

Reports of Condition have been collected from national banks since 1863. Sum-maries of these reports are published in the Comptroller’s Annual Report, which also presents data on the structure of the national banking system.

The Federal Reserve System was estab-lished in 1913 to exercise central banking functions, some of which are shared with the U.S. Treasury. It includes national banks and such state banks that volun- tarily join the system. Statements of state bank members are consolidated by the Federal Reserve Board with data for

national banks collected by the Comptrol-ler of the Currency into totals for all mem-ber banks of the system. Balance sheet data for member banks and other com-mercial banks are available on the Federal Reserve Board’s Web site at <http://www .federalreserve.gov/econresdata/releases /statisticsdata.htm>.

The Federal Deposit Insurance Corpora-tion (FDIC), established in 1933, insures each depositor up to $250,000. Major item balance sheet and income data for all insured financial institutions are published in the FDIC Quarterly Banking Profile. This publication is also available on the Internet at the following address: <http://www.fdic.gov>. Quarterly finan-cial information for individual institutions is available through the FDIC and Federal

Banking, Finance, and Insurance 727

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Financial Institutions Examination Council Web sites at <http://www.fdic.gov> and <http://www.ffiec.gov>.

Credit unions—Federally chartered

credit unions are under the supervision of the National Credit Union Administration. State-chartered credit unions are super-vised by the respective state supervisory authorities. The administration publishes comprehensive program and statistical information on all federal and federally insured state credit unions in the Annual Report of the National Credit Union Administration.

Other credit agencies—Insurance companies, finance companies dealing primarily in installment sales financing, and personal loan companies represent important sources of funds for the credit market. Statistics on loans, investments, cash, etc., of life insurance companies are published principally by the American Council of Life Insurers in its Life Insurers Fact Book. Consumer credit data are

available on the Federal Reserve Board’s Web site at <http://www.federalreserve .gov/econresdata/releases/statisticsdata .htm>. Government corporations and credit agencies make available credit of specified types or to specified groups of private borrowers, either by lending directly or by insuring or guaranteeing loans made by private lending institu-tions. Data on operations of government credit agencies, along with other govern-ment corporations, are available in reports of individual agencies.

Securities—The Securities and Exchange Commission (SEC) was established in

1934 to protect the interests of the public and investors against malpractices in the securities and financial markets and to provide the fullest possible disclosure of information regarding securities to the investing public.

Data on the securities industry and securi-ties transactions are also available from a number of private sources. The Securities Industry and Financial Markets Associa-tion, New York, NY, <http://www.sifma .org/>, publishes the Securities Industry

Fact Book and Securities Industry Year-book. The Investment Company Institute, Washington, DC, </>, publishes a reference book, research newsletters, and a variety of research reports that examine the industry, its shareholders, or industry issues. The annual Mutual Fund Fact Book is a guide to trends and statistics observed in the investment company industry. Funda-mentals is a newsletter summarizing the findings of major Institute research proj-ects. Institute research reports provide a detailed examination of shareholder demographics and other aspects of fund ownership.

Among the many sources of data on stock and bond prices and sales are the New York Stock Exchange, New York, NY,

</>; NASDAQ, Wash-ington, DC, </>; Global Financial Data, Los Angeles, CA, </>; and Dow-Jones & Company, Inc., New York, NY, <>. Insurance—Insuring companies, which are regulated by the various states or the District of Columbia, are classified as either life or property. Both life and prop-erty insurance companies may underwrite health insurance. Insuring companies, other than those classified as life, are per-mitted to underwrite one or more prop-erty lines provided they are so licensed and have the necessary capital or surplus. There are a number of published sources for statistics on the various classes of insurance—life, health, fire, marine, and casualty. Organizations representing

certain classes of insurers publish reports for these classes. The American Council of Life Insurers publishes statistics on life insurance purchases, ownership, benefit payments, and assets in its Life Insurers Fact Book.

Statistical reliability—For a discussion of statistical collection, estimation, and sampling procedures and measures of reliability applicable to data from the Census Bureau and the Federal Reserve Board’s Survey of Consumer Finances, see Appendix III.

728 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Figure 25.1

Interest Rates and Bond Yields: 1990 to 2009(Annual averages)

1990

1Percent per year

银行金融和保险

199219942 19961998xxxxxxxxxxxx0062009New issues. U.S. Treasury, constant maturities.

Source: Chart prepared by U.S. Census Bureau. For data, see Tables 1196 and 1197. Figure 25.2

Foreign Holdings of U.S. Treasury Securities by Country: 2009

银行金融和保险

(In billions of dollars)

Total = 3,697.2

Other

1,396.3

Japan

760.7

1Comprises Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates.Source: Chart prepared by U.S. Census Bureau. For data, see Table 1205.

U.S. Census Bureau, Statistical Abstract of the United States: 2011Banking, Finance, and Insurance 729

Table 1161. Gross Domestic Product in Finance, Insurance, Real Estate, Rental and Leasing in Current and Chained (2005) Dollars: 2000 to 2009

[In billions of dollars, except percent (762.0 represents $762,000,000,000.) Represents value added by industry. Data for 2000 based on the 1997 North American Classification System (NAICS); beginning 2005 based on 2002 NAICS. See text , Section 15. For definition of gross domestic product and explanation of chained dollars, see text, Section 13, Income]

IndustryNAICS

code2000

7627.7Current Dollars200520081,0291,2008.18.320091,1988.4Chained (2005) dollars20002005200820098411,0291,1171,0867.58.18.48.4 Finance & insurance, total . . . . . . . . . .52 Percent of gross domestic product ....Monetary authorities–central bank, credit

intermediation, and related activities ....521,522338471486(NA)371471456(NA)Security, commodity contracts, &

investment activities. . . . . . . . . . . . . . . . .523126183196(NA)124183160(NA)Insurance carriers & related activities ....524274338464(NA)339338450(NA) Funds, trusts, & other financial vehicles

(part) ............................525243754(NA)203757(NA) Real estate & rental & leasing, total . . .53 1,2361,5781,8431,8601,4221,5781,7041,666 Percent of gross domestic product ....12.412.512.813.012.712.512.812.8Real estate ........................531 1,0981,4251,647(NA)1,2661,4251,524(NA)Rental & leasing services and lessors of

other nonfinancial intangible assets 1 ...532,533 138153196(NA)156153180(NA)

1NA Not available. Includes lessors of other nonfinancial intangible assets.

Source: U.S. Bureau of Economic Analysis, Survey of Current Business, July 2010, <http://www.bea.gov/Industry/Index.htm>.Table 1162. Finance and Insurance/Real Estate and Rental and Leasing—Establishments, Revenue, Payroll, and Employees by Kind of Business (2002 NAICS Basis): 2002 and 2007

[2,804 represents $2,804,000,000,000. For establishments with payroll. Based on the 2002 and 2007 Economic Censuses; see Appendix III]

Kind of business

Finance & insurance 2 . . . . . . . . . . . . . . . . . . . .Monetary authorities—central bank ............Credit intermediation & related activities ........Security, commodity contracts, & like activity ....Insurance carriers & related activities ..........2002 NAICS code 152xxxxxxxx3524Number of establishments20022007440,268503,1564747196,451235,44072,33884,829169,520182,840Revenue Annual payroll (Bil. dol.)(Bil. dol.)(1,000)2002200720022007200220072,8043,641377 .8494 .56,5796,56329451.21.322191,0561,327151.2178.13,3003,203316632103.4161.18329311,3801,637120.6154.02,4062,409 Real estate & rental & leasing . . . . . . . . . . . . .53322,815376,79933645260 .285 .21,9492,249Real estate ..............................531256,086308,00422430341.760.81,3051,551Rental & leasing services ...................53264,34466,0679512716.922.1617666Lessors of other nonfinancial intangible assets ...5332,3852,72817231.72.4273212 Based on the North American Industry Classification System (NAICS); see text, Section 15. Total does not include NAICS 525, Funds, trusts, and other financial vehicles, not published in the 2007 Economic Census.

Source: U.S. Census Bureau, "2007 Economic Census; Core Business Statistics Series: Advance Comparative Statistics for the United States (2002 NAICS Basis): 2007 and 2002," June 2010. See <http://www.census.gov/econ/census07/www/get_data /index.html>.

Table 1163. Finance and Insurance—Nonemployer Establishments and Receipts by Kind of Business: 2005 to 2007

[741.9 represents 741,900. Includes only firms subject to federal income tax. Nonemployers are businesses with no paid employ-ees. Data originate chiefly from administrative records of the Internal Revenue Service; see Appendix III]

Establishments (1,000)Receipts (mil. dol.)

200520062007200520062007

Finance and insurance . . . . . . . . . . . . . . . . . . . . . . . .52741 .9758 .2763 .547,24452,76854,351Credit intermediation & related activities ...............52282.589.792.75,0464,9834,591 Depository credit intermediation ....................52217.37.47.6240232278 Nondepository credit intermediation .................522229.430.331.72,5412,4892,376 Activities related to credit intermediation ..............522345.851.953.42,2652,2621,986Security, commodity contracts, & like activity ...........523276.2280.3281.723,40528,11329,618 Securities & commodity contracts interm & brokerage ...523133.432.932.65,0174,9835,496 Investment banking and securities dealing ...........523118.08.38.11,4991,4801,596 Securities brokerage ............................5231220.519.619.82,8722,8292,977 Commodity contracts dealing .....................523131.21.31.4211169412 Commodity contracts brokerage ...................523143.73.73.4435506511 Securities & commodity exchanges ..................52322.02.11.9571529578 Other financial investment activities .................5239240.7246.3247.117,81722,60023,544Insurance carriers & related activities .................524383.3388.3389.218,79319,67220,143 Insurance carriers ...............................52410.50.52.93732189 Agencies & other insurance-related activities ..........5242382.7387.8386.218,75619,64019,954 Insurance agencies & brokerages ..................52421256.5263.0268.513,93314,59315,016 Other insurance related activities ..................52429126.2125.2117.74,8245,0474,9381 Based on the 2002 North American Industry Classification System (NAICS); see text, Section 15.Source: U.S. Census Bureau, “Nonemployer Statistics” (June 2009), <http://www.census.gov/econ/nonemployer/index.html>.Kind of businessNAICS code 1730 Banking, Finance, and InsuranceU.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1164. Finance and Insurance—Establishments, Employees, and Payroll: 2006 and 2007

[494.3 represents 494,300. Covers establishments with payroll. Employees are for the week including March 12. Most government employees are excluded. For statement on methodology, see Appendix III]

Kind of business

2NAICS code 1 Finance & insurance, total . . . . . . . . . . . . . . . . .52Monetary authorities—central bank ................521Credit intermediation & related activities ............522 Depository credit intermediation 2 ................5221 Commercial banking .........................52211 Savings institutions ..........................52212 Credit unions ...............................52213 Nondepository credit intermediation 2 .............5222 Real estate credit ............................522292 Activities related to credit intermediation ...........5223Security, commodity contracts & like activity .........523 Security & commodity contracts intermediation &

brokerage 2 ................................523139.439.751652989.9101.7 Investment banking & securities dealing ..........523117.69.315618438.246.1 Securities brokerage .........................5231229.227.733932349.252.1 Securities & commodity exchanges ...............52320.4(NA)9(NA)1.0(NA) Other financial investment activities ..............523946.849.941740457.869.2Insurance carriers & related activities ..............524180.2181.52,3782,327146.4151.0 Insurance carriers 2 ...........................524134.433.61,4391,42497.1100.7 Direct life insurance carriers ...................5241138.38.335435926.328.2 Direct health & medical insurance carriers ........5241144.14.142241427.127.8 Direct property & casualty insurance carriers ......52412614.013.252853334.336.1 Agencies & other insurance-related activities 2 ......5242145.7147.993990349.350.3 Insurance agencies & brokerages ...............52421132.4134.371369837.338.5NA Not available. 1 Based on the 2002 North American Industry Classification System (NAICS); see text, Section 15. 2 Includes industries not shown separately.Source: U.S. Census Bureau, “County Business Patterns,” July 2009, <http://www.census.gov/econ/cbp/index.html>.Establishments Employees (1,000)(1,000)2006200720062007494 .3508 .16,6476,5490.10.12020224.6232.73,2823,226120.6127.22,1552,13887.793.01,6341,64016.515.926324816.118.025024259.458.876574729.926.340236944.646.836134186.690.1941942Payroll (bil.dol.)2006481 .01.3181.3114.791.513.09.549.526.517.2148.72007510 .61.4182.5121.299.012.49.244.820.916.5172.3

Table 1165. Flow of Funds Accounts—Financial Assets of Financial and Nonfinancial Institutions by Holder Sector: 1990 to 2009

[In billions of dollars (35,818 represents $35,818,000,000,000). As of Dec. 31]

Sector19901995xxxxxxxxxxxx0052006200720082009

All sectors . . . . . . . . . . . . . . . . .35,81853,49490,088101,759112,771124,017138,676150,852140,250146,086Households 1 ...................14,57021,52033,40235,30639,26343,34848,13450,75941,70745,115Nonfinancial business ............3,9705,55611,25211,90813,10314,47115,74817,31717,58117,878 Farm business .................38495762666874798282 Nonfarm noncorporate. . . . . . . . . . .3565481,4231,7372,1062,5423,0573,5333,7483,505 Nonfinancial corporations ........3,5754,9599,77210,10910,93211,86212,61713,70513,75114,291State and local government ........1,0201,1221,6621,9082,0302,2472,4612,6352,6122,692U.S. Government ................44243xxxxxxxxxxxx6416871,2681,401Monetary authorities .............3424726367978418799089512,2712,267Commercial banking .............3,3374,4946,4697,8258,5609,84410,82111,81014,00114,138 U.S.-chartered commercial banks ..2,6443,3224,7745,8386,3997,3938,1908,84110,24810,046 Foreign banking offices in U.S. ....3676667897506338188281,0481,6251,271 Bank-holding companies .........2984678421,1531,4291,5241,6951,8132,0242,722 Banks in U.S.-affiliated areas .....28xxxxxxxxxxxx0810810599Savings institutions ..............1,3231,0131,2181,4661,6501,7891,7151,8151,5241,254Credit unions ...................217311441617655686716759812885Life insurance companies .........1,3512,0643,1363,7734,1304,3514,6854,9504,5164,819Property-casualty insurance

companies ....................5337408621,0601,1571,2461,3361,3821,3061,360Private pension funds ............1,6292,8994,4684,5204,9155,3026,0106,3914,6005,457 Defined benefit plans ............900 1,466 1,979 1,995 2,1322,2812,5302,6661,9312,121 Defined contribution plans ........729 1,433 2,489 2,526 2,7833,0213,4813,7252,6703,336State and local government

employee retirement funds .......7301,3272,2932,3492,5782,7213,1083,2162,3272,673Federal government retirement

funds ........................3405417979581,0231,0721,1411,1971,2211,324Money market mutual funds .......4937411,8122,0161,8802,0072,3123,0333,7573,259Mutual funds ...................6081,8534,4334,6545,4366,0497,0687,8295,4357,002Closed-end funds ...............531xxxxxxxxxxxx1294317207234Exchange-traded funds ...........-166151227301423608531773Government-sponsored enterprises

(GSE) ........................4788971,9652,7942,8832,8192,8733,1743,4003,029Agency- and GSE-backed mortgage

pools ........................1,0201,5712,4933,3273,3753,5423,8374,4644,9615,383Asset-backed securities issuers ....2686631,4972,2122,6503,3884,1894,5304,0963,394Finance companies ..............5967051,2131,6791,8581,8571,8911,9111,8521,691Real estate investment trusts ......283366135251305344317254263Security brokers and dealers .......2625681,2211,6131,8452,1272,7423,0922,2172,080Funding corporations .............2513841,1721,0651,0841,2361,3131,6212,6622,294Rest of the world ................1,9543,4526,8288,79110,52311,51613,96516,09115,13315,423– Represents zero. 1 Includes nonprofit organizations.

Source: Board of Governors of the Federal Reserve System, "Federal Reserve Statistical Release, Z.1, Flow of Funds Accounts of the United States," March 2010, <http://www.federalreserve.gov/releases/z1/20100311>.

U.S. Census Bureau, Statistical Abstract of the United States: 2011Banking, Finance, and Insurance 731

Table 1166. Flow of Funds Accounts—Credit Market Debt Outstanding: 1990 to 2009

[In billions of dollars (13,767 represents $13,767,000,000,000). As of December 31. Excludes corporate equities and mutual fund shares. Represents credit market debt owed by sectors shown]

Item19901995xxxxxxxxxxxx005

Credit market debt . . . . . . . . . . . . . . . . . . .13,76718,46927,13834,62437,79941,267Domestic nonfinancial ...................10,83513,66718,16622,43324,43426,764 Households 1 .........................3,5814,8416,9879,48710,54811,716 Corporations .........................2,5432,9424,6344,9775,1805,514 Nonfarm noncorporate business ..........1,1021,0701,8062,2102,4552,787 Farm business ........................124131156157173190 State and local government ..............9871,0471,1981,5681,6831,855 U.S. government ......................2,4983,6373,3854,0334,3954,702Rest of the world .......................3185688151,2531,4391,514Financial sectors .......................2,6144,2348,15810,93811,92612,989 Commercial banking ...................198251509660739824 Savings institutions ....................140xxxxxxxx3405427 Credit unions .........................––391115 Life insurance companies ...............–1281111 Government-sponsored enterprises (GSE) ..3998071,8262,6012,6762,592 Agency- and GSE-backed mortgage pools ..1,0201,5712,4933,3313,3753,542 Asset-backed securities issuers ..........2696661,5042,2232,6623,392 Finance companies ....................3985008079951,1301,109 Real estate investment trusts ............2845168231340395 Brokers and dealers ...................152xxxxxxxx2 Funding corporations ...................147xxxxxxxx8515620

2006

45,32929,16612,8905,9833,1962042,0084,8851,88314,28099831919142,6283,8374,1931,144xxxxxxxx

200750,04431,71413,7486,7763,6502192,1995,1222,12616,2041,26142332292,9104,4644,5331,28042165786

200852,52533,57713,7737,1193,8502192,2546,3621,86417,0841,42235641553,1824,9614,0991,2003731431,253

200952,41734,70213,5367,2293,5452252,3627,8052,06315,6511,62516827482,7065,3833,3961,04634193819

– Represents or rounds to zero. 1 Includes nonprofit organizations.

Table 1167. Flow of Funds Accounts—Financial Assets and Liabilities of Foreign Sector: 1990 to 2009

[In billions of dollars (1,954 represents $1,954,000,000,000). As of December 31]Type of instrument

Total financial assets 1 . . . . . . . . . . .Net interbank assets .................U.S. checkable deposits and currency ....U.S. time deposits ...................Security RPs 2 ......................Credit market instruments 1 ............ Open market paper ................. Treasury securities .................. Official .......................... Private .......................... Agency- and GSE-backed securities 3 ... Official .......................... Private .......................... U.S. corporate bonds 4 ............... Loans to U.S. corporate business ......U.S. corporate equities ...............Mutual fund shares ..................Trade receivables ....................Miscellaneous assets ................ Foreign direct investment in U.S. 5 ...... Other ............................ Total liabilities . . . . . . . . . . . . . . . . .U.S. official foreign exchange and net IMF 6 position ................U.S. private deposits .................Credit market instruments 1 ............ Commercial paper .................. Bonds ........................... Bank loans n.e.c. 7 ..................Trade payables .....................Miscellaneous liabilities 1 .............. U.S. equity in IBRD, 8 etc.. . . . . . . . . . . . . Nonofficial foreign currencies ......... U.S. direct investment abroad 4, 5 .......

19901,95xxxxxxxxxxxx1438286152xxxxxxxxxxxx3–46584505781,41961298318751451929713201630

19953,45222915840681,4654xxxxxxxxxxxx18xxxxxxxxxxxx0498936802122,126644195685641335471,029272886

20006,828161236102912,4511141,0216403823481162328421171,422149492,1551,4217343,56646xxxxxxxxxxxx1511,8513531,532

20032004200520062007200820098,79110,52311,51613,96516,09115,13315,42311011810697–573735026xxxxxxxxxxxx3613611151491xxxxxxxxxxxx04606657131,0291,1095845783,8364,6355,1916,2007,2737,5977,8171932302402882782331891,5141,8141,9842,1262,3763,2113,7139861,2521,3411,5581,7372,3262,7935275626445686408859216558751,0131,2621,5821,4451,3152633734876949549799183925035265686284663971,3301,5591,7632,3212,7192,4572,35712513116xxxxxxxxxxxx1,5241,9052,0392,4482,8121,7762,4551461962423173732623385049576384901392,2682,4992,6883,3063,9373,7763,3971,5811,7431,9062,1542,4502,6472,7866877567821,1521,4871,1296114,691628671,25327686966452,4644032,054

5,590629571,43934598570483,0844232,498

6,073469981,5143841,01284543,4614312,652

7,218461,0851,8834821,27698614,1444512,948

8,404501,3492,1264131,587103734,80647243,451

8,416579961,8643421,393108635,435485543,699

7,524628212,0634001,54697664,51351113,897

– Represents zero. 1 Includes other items not shown separately. 2 Repurchase agreements. 3 GSE = Government-sponsored enterprises. 4 Through 1992, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues. 5 Direct investment is valued on a current-cost basis. 6 IMF = International Monetary Fund. 7 Not elsewhere classified. 8 International Bank for Reconstruction and Development.

732 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1168. Flow of Funds Accounts—Assets of Households and Nonprofit Organizations: 1990 to 2009

[As of December 31 (14,570 represents $14,570,000,000,000). See also Table 721]

Total (billion dollars)Percent distribution

1990xxxxxxxxxxxx00720082009199020002009

Total financial assets . . . . . . . . . . . . . .14,57033,40243,34848,13450,75941,70745,115100 .0 100 .0 100 .0 Deposits ...........................3,3264,3766,1556,7697,4267,9017,75022.8 13.1 17.2 Foreign deposits ...................134xxxxxxxx0490.1 0.1 0.1 Checkable deposits and currency ......43333xxxxxxxxxxxx3.0 1.0 0.6 Time and savings deposits ...........2,4903,0334,9145,4005,8896,0506,13017.1 9.1 13.6 Money market fund shares ...........3919609491,1141,3471,5801,3202.7 2.9 2.9 Credit market instruments .............1,7462,4653,3633,4784,0824,0344,20312.0 7.4 9.3 Open-market paper .................949798117107650.6 0.3 – Treasury securities ..................5095855084332582647953.5 1.8 1.8 1 Agency and GSE-backed securities ...117594488403682701350.8 1.8 0.1 Municipal securities .................6485318218728979379984.4 1.6 2.2 Corporate and foreign bonds ..........2385521,3001,5232,0111,9882,2361.6 1.7 5.0 Other loans and advances 2 ..........–298172832––0.1 Mortgages ........................141xxxxxxxxxxxx111031.0 0.3 0.2 Corporate equities 3 ..................1,9618,2057,9939,4939,4655,8817,69813.5 24.6 17.1 Mutual fund shares ..................5122,7043,8394,3884,8323,4454,4173.5 8.1 9.8 Security credit ......................624125756568667436680.4 1.2 1.5 Life insurance reserves ...............3928191,0831,1641,2021,1801,2502.7 2.5 2.8 Pension fund reserves 4 ...............3,3109,17111,37412,69613,37610,43211,80622.7 27.5 26.2 Equity in noncorporate business ........3,0074,8718,3588,8438,7987,3256,53820.6 14.6 14.5 Miscellaneous assets ................2543796096467127667841.7 1.1 1.7 – Represents or rounds to zero. 1 GSE = government-sponsored enterprises. 2 Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds. 3 Only those directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds and life insurance and pension reserves. 4 See also Table 1216.

Source: Board of Governors of the Federal Reserve System, “Federal Reserve Statistical Release, Z.1, Flow of Funds Accounts of the United States,” March 2010, <http://www.federalreserve.gov/releases/z1/20100311>.Type of instrument

Table 1169. Financial Assets Held by Families by Type of Asset: 2004 and 2007

Median value in thousands of constant 2007 dollars (25.3 represents $25,300). All dollar figures are adjusted to 2007 dollars using the “current methods” version of the consumer price index for all urban consumers published by U.S. Bureau of Labor Statistics. Families include one-person units; for definition of family, see text, Section 1. Based on Survey of Consumer Finances; see Appendix III]

Age of family head and

family incomeAny Trans-financial action

asset 1accounts 2Certifi- cates of depositPooled invest-Retire-ment ment funds 4accounts 5Life insur-ance 6Other man-aged 7Savings bondsStocks 3

PERCENT OF FAMILIES

OWNING ASSET

2004, total ............93.8 91.3 12.7 17.6 20.7 15.0 49.7 24.2 7.3 2007, total . . . . . . . . . . . .93 .9 92 .1 16 .1 14 .9 17 .9 11 .4 52 .6 23 .0 5 .8 Under 35 years old ......89.2 87.3 6.7 13.7 13.7 5.3 41.6 11.4 (B)35 to 44 years old .......93.1 91.2 9.0 16.8 17.0 11.6 57.5 17.5 2.2 45 to 54 years old .......93.3 91.7 14.3 19.0 18.6 12.6 64.7 22.3 5.1 55 to 64 years old .......97.8 96.4 20.5 16.2 21.3 14.3 60.9 35.2 7.7 65 to 74 years old .......96.1 94.6 24.2 10.3 19.1 14.6 51.7 34.4 13.2 75 years old and over ....97.4 95.3 37.0 7.9 20.2 13.2 30.0 27.6 14.0 Percentiles of income: 8 ...Less than 20 ...........79.1 74.9 9.4 3.6 5.5 3.4 10.7 12.8 2.7 20 to 39.9. . . . . . . . . . . . .93.2 90.1 12.7 8.5 7.8 4.6 35.6 16.4 4.7 40 to 59.9. . . . . . . . . . . . .97.2 96.4 15.4 15.2 14.0 7.1 55.2 21.6 5.3 60 to 79.9. . . . . . . . . . . . .99.7 99.3 19.3 20.9 23.2 14.6 73.3 29.4 5.7 80 to 89.9. . . . . . . . . . . . .100.0 100.0 19.9 26.2 30.5 18.9 86.7 30.6 7.6 90 to 100 .............100.0 100.0 27.7 26.1 47.5 35.5 89.6 38.9 13.6

MEDIAN VALUE 9

2004, total ............25.3 4.1 16.5 1.1 16.5 44.4 38.7 6.6 49.4 2007, total . . . . . . . . . . . .28 .8 4 .0 20 .0 1 .0 17 .0 56 .0 45 .0 8 .0 70 .0 Under 35 years old ......6.8 2.4 5.0 0.7 3.0 18.0 10.0 2.8 (B)35 to 44 years old .......25.8 3.4 5.0 1.0 15.0 22.5 36.0 8.3 24.0 45 to 54 years old .......54.0 5.0 15.0 1.0 18.5 50.0 67.0 10.0 45.0 55 to 64 years old .......72.4 5.2 23.0 1.9 24.0 112.0 98.0 10.0 59.0 65 to 74 years old .......68.1 7.7 23.2 1.0 38.0 86.0 77.0 10.0 70.0 75 years old and over ....41.5 6.1 30.0 20.0 40.0 75.0 35.0 5.0 100.0

B Base figure too small. 1 Includes other types of financial assets, not shown separately. 2 Checking, savings, and moneymarket deposit accounts, money market mutual funds, and call accounts at brokerages. 3 Covers only those stocks and bonds that are directly held by families outside mutual funds, retirement accounts, and other managed assets. 4 Excludes money market mutual funds and indirectly held mutual funds and includes all other types of directly held pooled investment funds, such as traditional open-ended and closed-end mutual funds, real estate investment trusts, and hedge funds. 5 The tax-deferred retirement accounts consist of IRAs, Keogh accounts, and certain employer-sponsored accounts. Employer-sponsored accounts include 401(k), 403(b), and thrift saving accounts from current or past jobs; other current job plans from which loans or withdrawals can be made; and accounts from past jobs from which the family expects to receive the account balance in the future. 6 The value of such policies according to their current cash value, not their death benefit. 7 Includes personal annuities and trusts with an equity interest and managed investment accounts. 8 Percentiles of income distribution in 2007 dollars: 20th: $20,600; 40th: $36,500; 60th: $59,600; 80th: $98,200; 90th: $140,900. Percentiles of distribution of net worth in 2007 dollars: 25th: $14,100; 50th: $120,300; 75th: $372,000; 90th: $908,200. Percentile: A value on a scale of zero to 100 that indicates the percent of a distribution that is equal to or below it. 9 Median value of financial asset for families holding such assets.

Source: Board of Governors of the Federal Reserve System, “2007 Survey of Consumer Finances,” February 2009, <http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007home.html>.

U.S. Census Bureau, Statistical Abstract of the United States: 2011Banking, Finance, and Insurance 733

Table 1170. Flow of Funds Accounts—Liabilities of Households and Nonprofit Organizations: 1990 to 2009

[As of December 31 (3,703 represents $3,703,000,000,000). See also Table 721]

Type of instrument

Total liabilities . . . . . . . . . . . . . . . . . .Credit market instruments ............ Home mortgages 1 ................. Consumer credit .................. Municipal securities ................ Bank loans, not elsewhere classified ... Other loans and advances ........... Commercial mortgages .............Security credit .....................Trade payables ....................Unpaid life insurance premiums 2 ......

19903,7033,5812,48982486188283396716

Total (bil. dol.)

2000200520062007200820097,37712,15713,40514,31214,19514,0016,98711,71612,89013,74813,77313,5364,7988,8489,82510,48410,42710,2621,7412,3212,4162,5552,5942,481138205224241250265xxxxxxxxxxxx511191191241271331341271872142402512422352322923xxxxxxxxxxxx620021xxxxxxxxxxxx242721

Percent distribution

199020002009100 .0100 .0100 .096.794.796.767.265.073.322.323.617.72.31.91.90.50.91.12.21.61.02.21.71.71.03.21.41.81.81.70.40.30.2

Includes loans made under home equity lines of credit and home equity loans secured by junior liens. 2 Includes deferred premiums.

Table 1171. Financial Debt Held by Families by Type of Debt: 2004 and 2007

[Median debt in thousands of constant 2007 dollars (60.7 represents $60,700). See headnote, Table 1169]

Age of family head and family income

Any debt

Secured by residential propertyPrimary residence 1

Other

Lines of credit not secured by residential property

Other 3

PERCENT OF FAMILIES

HOLDING DEBT

2004, total ............76.4 47.9 4.0 1.6 46.0 46.2 7.6 2007, total . . . . . . . . . . . .77 .0 48 .7 5 .5 1 .7 46 .9 46 .1 6 .8 Under 35 years old ......83.5 37.3 3.3 2.1 65.2 48.5 5.9 35 to 44 years old .......86.2 59.5 6.5 2.2 56.2 51.7 7.5 45 to 54 years old .......86.8 65.5 8.0 1.9 51.9 53.6 9.8 55 to 64 years old .......81.8 55.3 7.8 1.2 44.6 49.9 8.7 65 to 74 years old .......65.5 42.9 5.0 1.5 26.1 37.0 4.4 75 years old and over ....31.4 13.9 0.6 (B)7.0 18.8 1.3 Percentiles of income: 4

Less than 20 ..........51.7 14.9 1.1 (B)27.8 25.7 3.9 20 to 39.9. . . . . . . . . . . . .70.2 29.5 1.9 1.8 42.3 39.4 6.8 40 to 59.9. . . . . . . . . . . . .83.8 50.5 2.6 (B)54.0 54.9 6.4 60 to 79.9. . . . . . . . . . . . .90.9 69.7 6.8 2.1 59.2 62.1 8.7 80 to 89.9. . . . . . . . . . . . .89.6 80.8 8.5 (B)57.4 55.8 9.6 90 to 100 .............87.6 76.4 21.9 2.1 45.0 40.6 7.0

MEDIAN DEBT 5

2004, total ............60.7 104.3 95.6 3.3 12.7 2.4 4.4 2007, total . . . . . . . . . . . .67 .3 107 .0 100 .0 3 .8 13 .0 3 .0 5 .0 Under 35 years old ......36.2 135.3 78.0 1.0 15.0 1.8 4.5 35 to 44 years old .......106.2 128.0 101.6 4.6 13.5 3.5 5.0 45 to 54 years old .......95.9 110.0 82.0 6.0 12.9 3.6 4.5 55 to 64 years old .......60.3 85.0 130.0 10.0 10.9 3.6 6.0 65 to 74 years old .......40.1 69.0 125.0 30.0 10.3 3.0 5.0 75 years old and over ....13.0 40.0 50.0 (B)8.0 0.8 4.5

B Base figure too small. 1 First and second mortgages and home equity loans and lines of credit secured. 2 Families that had an outstanding balance on any of their credit cards after paying their most recent bills. 3 Includes loans on insurance policies, loans against pension accounts, borrowing on margin accounts and unclassified loans. 4 See footnote 8, Table 1169. 5 Median amount of financial debt for families holding such debts.

Source: Board of Governors of the Federal Reserve System, “2007 Survey of Consumer Finances,” February 2009, <http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007home.html>.

Installment

loansCredit card balances 2

Table 1172. Amount of Debt Held by Families—Percent Distribution: 2004 and 2007

[See headnote, Table 1169]

Type of debtSecured by residential property:

Primary residence .... Other ..............Lines of credit not

secured by residential property ............Installment loans ......Credit card balances ...Other ...............

2004 75.2 8.5 0.7 11.0 3.0 1.6

Purpose of debt

2007

Total . . . . . . . . . . . . . .

Primary residence:

Purchase ...........74.7 Improvement ........10.1 Other residential

property ............Investments, excluding 0.4 real estate ..........10.2 Vehicles .............3.5 Goods and services ....1.1 Education ............

Other loans ..........

2004 70.2 1.9 9.5 2.2 6.7 6.0 3.0 0.6

2007 69.5 2.3 10.8 1.6 5.5 6.2 3.6 0.5

Type of lending institution Total . . . . . . . . . . . . .Commercial bank .....Thrift institution ......Credit union .........Finance or loan

company ..........Brokerage ..........Real estate lender 1 ...Individual lender .....Other nonfinancial ....Government .........Credit card issuer ....Other type of lender ...

2004 100 .0

35.1 7.3 3.6 4.1 2.5 39.41.7 2.0 0.7 3.0 0.5

2007 100 .0 37.3 4.2 4.2 3.4 1.6 41.61.4 2.0 0.4 3.6 0.4

Includes mortgage lender.

Source: Board of Governors of the Federal Reserve System, “2007 Survey of Consumer Finances,” February 2009,<http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007home.html>.

734 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1173. Ratios of Debt Payments to Family Income: 2001 to 2007

[In percent. All dollar figures are adjusted to 2007 dollars using the “current methods” version of the consumer price index for all urban consumers published by U.S. Bureau of Labor Statistics. Families include one-person units; for definition of family, see text, Section 1. Based on Survey of Consumer Finance; see Appendix III. For definition of median, see Guide to Tabular Presentation]Age of family head and

family income

(constant [2007] dollars) All families . . . . . . . . . . .Under 35 years old .......35 to 44 years old ........45 to 54 years old ........55 to 64 years old ........65 to 74 years old ........75 years old and over .....Percentiles of income: 1

Less than 20 ........... 20 to 39.9. . . . . . . . . . . . . . 40 to 59.9. . . . . . . . . . . . . . 60 to 79.9. . . . . . . . . . . . . . 80 to 89.9. . . . . . . . . . . . . . 90 to 100 ..............

Ratio of debt payments to family incomeAggregate200112 .917.215.112.810.99.23.916.115.817.116.817.08.1

200414 .417.818.215.311.58.77.118.216.619.418.517.39.3

200714 .519.718.514.912.59.64.417.617.219.821.719.78.4

Median for debtors200116 .717.717.817.414.316.08.019.216.717.618.117.211.2

200418 .018.020.618.415.715.612.819.717.419.520.618.112.7

200718 .617.520.319.317.517.913.019.017.020.321.919.312.5

Percent of debtors with—Ratios above Any payment 60 days 40 percentor more past due20012004200720012004200711 .812 .214 .77 .08 .97 .112.012.815.111.913.79.410.112.512.75.911.78.611.613.116.06.27.67.312.310.214.57.14.24.914.711.615.61.53.44.414.610.713.90.83.91.029.316.612.36.53.52.0

26.818.513.77.12.41.8

26.919.514.512.78.13.8

13.411.77.94.02.61.3

15.913.810.47.12.30.3

15.111.58.34.12.10.2

See footnote 8, Table 1169.

Source: Board of Governors of the Federal Reserve System, “2007 Survey of Consumer Finances,” February 2009, <http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007home.html>.

Table 1174. Household Debt-Service Payments and Financial Obligations as a Percentage of Disposable Personal Income: 1990 to 2009

[As of end of year, seasonally adjusted. Household debt service ratio is an estimate of the ratio of debt payments to disposable personal income. Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt. The financial obligations ratio adds automobile lease payments, rental payments on tenant-occupied property, homeowners’ insurance, and property tax payments to the debt service ratio]

Year1990. . . . . .1995. . . . . .2000. . . . . .2003. . . . . .2004. . . . . .

Household debt service

ratio12.0311.6712.5913.1913.29

Financial obligations ratio

Home-TotalRenterowner17.4624.8515.5717.1026.6714.8017.6530.4315.1317.9026.5916.1717.9225.4116.44

Year2005. . . . . .

2006. . . . . .2007. . . . . .2008. . . . . .2009. . . . . .

Household debt service

ratio13.7513.8513.8813.5712.60

Financial obligations ratio

Home-TotalRenterowner18.4425.1917.0918.6425.3817.3118.7924.9917.5218.5625.1217.2017.5124.3916.08

Source: Board of Governors of the Federal Reserve System, “Household Debt Service and Financial Obligations Ratios,”

<http://www.federalreserve.gov/releases/housedebt/default.htm\>.

Table 1175. FDIC-Insured Financial Institutions—Deposit Insurance Fund (DIF): 1990 to 2009

[In billions of dollars, except as indicated (4,735 represents $4,735,000,000,000). As of December 31. Includes Island Areas. Includes insured branches of foreign banks]Item

Number of institutions ...............Assets, total 1 ......................Domestic deposits, total 2 ............ Estimated insured deposits 3 .........DIF balance (BIF/SAIF prior to 2006) ...Reserve ratio 4, 5 ...................Number of problem institutions ........Assets of problem institutions .........Number of assisted institutions ........Assets of assisted institutions .........Number of failed institutions ..........Assets of assisted institutions .........

199015,3694,7353,4152,697

40.151,496646.81(Z)381146.6

20009,9207,4724,2123,055421.369423.8––70.4

20039,1949,0865,2243,452461.3311629.9––30.9

20048,98810,1175,7253,622481.318028.2––40.2

20058,84510,8946,2303,891491.25

526.6––––

20068,69211,8816,6404,154501.21

508.3––––

20078,54513,0516,9224,292521.227622.2––32.6

20088,31513,9007,5054,751170.36252159.451,306.025371.9

20098,02213,1097,7055,392–21–0.39702402.881,917.5140169.7

– Represents zero. Z Less than $50 million. 1 Does not include foreign branch assets 2 Excludes foreign office depositswhich are uninsured. 3 In general, insured deposits are total domestic deposits minus estimated uninsured deposits. Beginning March 31, 2008, for institutions that file call reports, insured deposits are total assessable deposits minus estimated uninsured deposits. Beginning September 30, 2009, insured deposits include deposits in accounts of $100,000 to $250,000 that are covered by a temporary increase in the FDIC’s standard maximum deposit insurance amount (SMDIA). 4 DIF balance as percent of DIF-insured deposits. 5 To provide the FDIC with the funds needed to carry on with the task of resolving failed institutions in 2010 and beyond, but without accelerating the impact of assessments on the industry’s earnings and capital, FDIC approved a measure to require insured institutions to prepay 13 quarters worth of deposit insurance premiums. These prepayments—about $46 billion— were collected on December 30, 2009. Cash and marketable securities stood at $66 billion on December 31, 2009. See “Deposit Trend fund trends—Fourth Quarter 2009; Prepaid Assessments.”

Source: U.S. Federal Deposit Insurance Corporation, The FDIC Quarterly Banking Profile.

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 735

Table 1176. FDIC-Insured Financial Institutions—Number, Assets, and Liabilities: 1990 to 2009

[In billions of dollars, except as indicated (4,649 represents $4,649,000,000,000). As of December 31. 2009 data preliminary. Includes Island Areas. Excludes insured branches of foreign banks. Except as noted, includes foreign branches of U.S. banks]Item

Commercial bank offices, total 1 . . . . . . . . Number of main offices ................ Number of branches ..................Savings institutions offices, total 2 . . . . . .Number of financial institutions reporting ... Assets, total 3 . . . . . . . . . . . . . . . . . . . . . .Net loans and leases ................... Real estate loans ..................... 1–4 family residential mortgages ........ Commercial real estate ............... Construction and development ......... Home equity loans 4 .................. Commercial and industrial loans ......... Loans to individuals ................... Credit cards and related plans .......... Farm loans .......................... Other loans and leases ................ Less: Reserve for losses ............... Less: Unearned income ................Securities ............................Domestic office assets ..................Foreign office assets ................... Liabilities and capital, total . . . . . . . . . . .Noninterest-bearing deposits. . . . . . . . . . . . .Interest-bearing deposits ................Other borrowed funds ..................Subordinated debt .....................Other liabilities ........................Equity capital .........................Domestic office deposits ................Foreign office deposits .................

199063,20512,34750,8582,81515,1624,6492,8671,586859328171866464511423324565298904,2593904,6495113,127569281282863,3442932000 200373,17475,9858,3157,77064,85968,2151,5891,4119,9059,1817,4629,0754,5765,3492,3963,1441,3401,6115256821972721513461,08692267284826633949474484787186331,3611,7716,7028,2517608247,4629,0758021,0284,1134,9261,4671,735901073564506348314,2085,2137077412004

78,4737,63170,8421,3458,97610,1066,0373,6801,833752338491968930399494968231,8609,16094510,1061,1735,4121,9051194591,0395,719866200580,9677,52673,4411,3078,83310,8786,6404,1412,0428264505341,086949396524947731,8939,8241,05410,8781,2675,8742,0631314241,1196,221921200683,8607,40176,4591,2798,68011,8627,1564,5082,7359045905591,215955385545047821,98110,5571,30411,8621,2706,5552,1211615071,2486,6311,194200794,0817,28386,7981,2518,53413,0347,8044,7822,8539696296111,4391,0584225762910321,95411,4751,55913,0341,2607,1562,5171855691,3476,9131,503200897,4747,08690,3881,2198,30513,8417,7004,7052,7131,0665916681,4941,0894456058817432,03512,3211,52013,8411,4817,5542,5701857591,2917,4961,539200997,4236,83990,5841,1738,01213,1097,0594,4632,5781,0914526611,2211,0604226054622742,50011,6731,43713,1091,6187,6091,7821574761,4477,6971,530

Includes insured branches of foreign banks that file a Call Report. 2 Main offices. 3 Includes other items not shown separately. For one- to four-family residential properties.

Source: U.S. Federal Deposit Insurance Corporation, The FDIC Quarterly Banking Profile, Historical Statistics on Banking, annual; Statistics on Banking, annual; and FDIC Quarterly Banking Profile Graph Book.

Table 1177. FDIC-Insured Financial Institutions—Income and Selected Measures of Financial Condition: 1990 to 2009

[In billions of dollars, except as indicated (437.7 represents $437,700,000,000). 2009 data preliminary. Includes Island Areas. Includes foreign branches of U.S. banks]Item

Interest income ......................Interest expense ..................... Net interest income ..................Provisions for loan losses ..............Noninterest income ................... Percent of net operating revenue 1 ......Noninterest expense ..................Income taxes ........................Net income .........................

PERFORMANCE RATIOS

Return on assets 2 (percent) ............Return on equity 3 (percent). . . . . . . . . . . . .Net interest margin 4 (percent) ...........Net charge-offs 5 .....................Net charge-offs to loans and leases, total (percent) .......................... Net charge-off rate, credit card loans

(percent) .........................

CONDITION RATIOS

Equity capital to assets (percent) ........Noncurrent assets plus other real estate owned to assets 6 (percent) ............

1990437.7295.9141.841.462.230.5144.29.111.30.243.953.4734.801.193.396.163.16

2000 511.9276.6235.332.1165.630.7242.343.681.51.1413.533.7726.300.594.368.490.71

2003404.2122.3281.937.3202.932.2279.758.9120.61.3815.053.7340.790.785.619.150.75

2004417.5123.3294.129.0203.631.8295.558.5122.21.2813.203.5232.020.564.9910.280.53

2005522.0205.0317.029.8223.432.9317.464.6133.81.2812.433.4731.590.494.7410.280.50

2006643.5313.4330.129.6240.434.3332.368.1145.21.2812.303.3127.020.393.4410.520.54

2007724.8372.1352.769.3233.135.4367.046.4100.00.817.753.2944.110.594.0610.340.95

2008603.3245.6357.7176.2207.738.6368.36.34.50.030.353.16100.361.295.449.331.91

2009541.2145.4395.8247.7260.540.9384.65.512.50.090.903.47186.822.499.1011.043.32

Net operating revenue equals net interest income plus noninterest income. Net operating revenue equals income excluding discretionary transactions such as gains or losses on the sale of investment securities and extraordinary items. Income taxes subtracted from operating income have been adjusted to exclude the portion applicable to securities gains or losses. 2 Net income (including securities transactions and nonrecurring items) as a percentage of average total assets. 3 Net income as a percentage of average total equity capital. 4 Interest income less interest expense as a percentage of average earning assets (i.e. the profit margin a bank earns on its loans and investments). 5 Total loans and leases charged off (removed from balance sheet because of uncollectibility), less amounts recovered on loans and leases previously charged off. 6 Noncurrent assets: the sum of loans, leases, debt securities and other assets that are 90 days or more past due, or in nonaccrual status. Other real estate owned, primarily foreclosed property.

Source: U.S. Federal Deposit Insurance Corporation, Annual Report; Statistics on Banking, annual; and FDIC Quarterly Banking Profile.

736 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1178. FDIC-Insured Financial Institutions by Asset Size: 2009

[(11,846 represents $11,846,000,000,000). Preliminary. Minus sign (–) indicates loss. See headnote, Table 1177]

Item

COMMERCIAL BANKS

Institutions reporting ..................Assets, total .........................Deposits ............................Net income .........................Return on assets .....................Return on equity .....................Equity capital to assets ................Noncurrent assets plus other real estate owned to assets .....................Net charge-offs to loans and leases ......Percentage of banks losing money .......SAVINGS INSTITUTIONS

Unit

Total

Number ....Bil. dol. .....Bil. dol. .....Bil. dol. .....Percent ....Percent ....Percent ....Percent ....Percent ....Percent ....Number ....Bil. dol. .....Bil. dol. .....Bil. dol. .....Percent ....Percent ....Percent ....Percent ....Percent ....Percent ....

6,83911,8468,333110.090.8511.073.362.5729.381,1731,26389420.141.3910.782.961.8130.35

Less $100 million than to

$100 million$1 billion

2,525

141119770.060.4611.652.230.8926.733201714(–Z)–0.31–1.9815.012.140.6334.38

3,8001,113918(Z)–0.01–0.159.823.361.2729.63695243188(Z)0.010.1410.502.830.8228.49

$1 billion

$10 billion

4291,121851–4–0.35–3.1610.923.782.0439.6313634243520.343.2911.003.032.5436.36

Greater than $10 billion

859,4726,445150.151.4411.233.332.8744.7122661257(–Z)–0.12–1.1710.332.971.3429.41

Z Less than $500 million.

Source: U.S. Federal Deposit Insurance Corporation, Annual Report; Statistics on Banking, annual; and FDIC Quarterly Banking Profile. See also <http://www.fdic.gov/bank/index.html>.

Table 1179. FDIC-Insured Financial Institutions—Number and Assets by State and Island Areas: 2009

[In billions of dollars, except as indicated (13,109.5 represents $13,109,500,000,000). As of December 31. Information is obtained primarily from the Federal Financial Institutions Examination Council (FFIEC) Call Reports and the Office of Thrift Supervision’s Thrift Financial Reports. Data are based on the location of each reporting institution’s main office. Reported data may include assets located outside of the reporting institution’s home state]State or Island Area Total . . .AL .....AK .....AZ .....AR .....CA .....CO .....CT .....DE .....DC .....FL .....GA .....HI ......ID ......IL ......IN ......IA ......KS .....KY .....LA .....ME .....MD .....MA .....MI ......MN .....MS .....MO .....MT .....NE .....

Assets by asset size of bankNumber

of Less $1 bil. Greater institu-than to than

tionsTotal$1 bil.$10 bil.$10 bil.8,01213,109 .51,514 .51,462 .710,132 .2152243.831.110.1202.664.82.22.7–4415.17.87.3–13455.526.417.811.3293451.565.0108.1278.414551.629.622.0–5577.615.823.438.330592.84.325.4563.061.61.6––286158.669.065.823.8305271.465.841.3164.3938.81.411.226.1187.65.42.3–630331.4103.676.1151.714867.729.038.7–36764.951.213.7–33962.342.320.1–19953.635.118.6–15860.436.312.211.92927.710.76.910.19035.222.113.1–171252.546.752.1153.714671.828.817.625.341580.252.010.317.99458.620.325.113.2345137.655.543.438.77421.210.910.2–23649.226.622.6–

State or

Island AreaNV .....NH .....NJ .....NM .....NY .....NC .....ND .....OH .....OK .....OR .....PA .....RI ......SC .....SD .....TN .....TX .....UT .....VT .....VA .....WA .....WV .....WI .....WY .....AS .....GU .....FM .....PR .....VI ......

Number

of institu-tions37241235419410594243252372241489831946296414119956528137

131102

Assets by asset size of bank

Less $1 bil. Greater than to than

Total$1 bil.$10 bil.$10 bil.1,240.75.619.91,215.1

9.48.41.0–176.631.356.888.519.610.09.6–629.448.2113.7467.62,228.423.626.62,178.223.412.610.8–2,256.239.837.12,179.378.933.915.829.240.67.517.016.1537.957.1100.8380.1148.72.55.6140.656.824.520.411.9728.111.010.3706.789.045.617.525.8371.5109.597.0165.1322.712.540.9269.45.54.11.4–443.630.835.3377.676.322.830.523.025.310.814.6–153.957.223.872.87.27.2––0.11.20.193.00.2

0.11.20.1–0.2

–––38.2–

–––54.8–

– Represents zero. AS—American Samoa. FM—Federated States of Micronesia. GU—Guam, PR—Puerto Rico. VI—Virgin Islands.

Source: U.S. Federal Deposit Insurance Corporation, Statistics on Banking, annual.

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 737

Table 1180. FDIC-Insured Financial Institutions—Number of Offices and Deposits by State: 2008

[As of June 30 (7,025.8 represents $7,025,800,000,000). Includes insured U.S. branches of foreign banks. The term “offices” includes both main offices and branches. “Banking office” is defined to include all offices and facilities that actually hold deposits, and does not include loan production offices, computer centers, and other nondeposit installations, such as automated teller machines (ATMs). Several institutions have designated home offices that do not accept deposits; these have been included to provide a more complete listing of all offices. The figures for each geographical area only include deposits of offices located within that area. Based on the Summary of Deposits survey]

State Total 1 . . . U .S . . . . . . .AL ........AK ........AZ ........AR ........CA ........CO ........CT ........DE ........DC ........FL ........GA ........HI .........ID .........IL .........IN .........

Number

of offices99,16198,5251,5641341,3791,5137,3131,6641,3052722285,7712,8732885415,0462,401Total deposits State(bil. dol.)

7,025 .8IA .........6,956 .6KS ........

KY ........76.6LA ........13.7ME ........78.7MD ........47.1MA ........762.8MI .........83.1MN ........83.2MS ........176.9MO ........23.4MT ........380.3NE ........184.3NV ........26.2NH ........17.2NJ ........344.6NM ........90.6NY ........Number

of offices1,6391,5561,8281,6065181,8292,2283,1251,8621,1812,4273871,0806034333,3815125,364Total deposits (bil. dol.)

60.157.964.474.719.596.6185.3157.2101.145.5110.715.538.8199.823.0227.222.3763.3

StateNC ........ND ........OH ........OK ........OR ........PA ........RI .........SC ........SD ........TN ........TX ........UT ........VT ........VA ........WA ........WV ........WI ........WY ........

Number

of offices2,7464454,0661,3831,1044,8222471,4404822,3026,8876212722,6491,9256642,389230Total deposits (bil. dol.)219.515.3227.863.049.2271.729.666.574.9104.8484.2229.39.9193.9112.326.9114.811.1

Includes Puerto Rico and other areas not shown separately.

Source: U.S. Federal Deposit Insurance Corporation, Bank and Thrift Branch Office Data Book, annual.

Table 1181. U.S. Banking Offices of Foreign Banks—Summary: 1990 to 2009

[In billions of dollars, except as indicated (834 represents $834,000,000,000). As of December. Covers the U.S. offices of foreign banking organizations that are located in the 50 states and the District of Columbia. Offices located in Puerto Rico, American

Samoa, Guam, the Virgin Islands and other U.S.-affiliated insular areas are excluded. Foreign-owned institutions are those owned by a bank located outside of the United States and its affiliated insular areas. The U.S. offices of foreign banking organizations consist of U.S. branches and agencies of foreign banks and bank subsidiaries of foreign banking organizations. The latter are U.S. commercial banks of which more than 25 percent are owned by a foreign banking organization or where the relationship is reported as being a controlling relationship by the filer of the FR Y-10 (Report of Changes in Organizational Structure) report form]

Item

Assets ...........Loans, total ....... Business ........Deposits ..........

1990

83441219942520001,35855730977020041,8086562311,02520052,1238022761,16220062,5159133421,37520072,8711,0554121,62920083,0321,1674831,60620092,8721,0223841,795199020.917.227.714.6

Share 12000200518.920.613.514.125.024.516.517.3

2009

21.014.828.119.1

Foreign owned banks plus U.S. branches and offices of foreign banks as percent of all banks in the United States.

Source: Board of Governors of the Federal Reserve System, “Share Data for U.S. Offices of Foreign Banks,” March 2010, <http://www.federalreserve.gov/Releases/iba/fboshr.htm>.

Table 1182. Federal and State-Chartered Credit Unions—Summary: 1990 to 2009

[Except as noted, as of December 31 (36,241 represents 36,241,000). Federal data include District of Columbia, Puerto Rico, Guam, and Virgin Islands. Excludes state-insured, privately insured, and noninsured state-chartered credit unions and corporate central credit unions, which have mainly other credit unions as members]

Year1990. . . . . . . .2000. . . . . . . .2002. . . . . . . .2003. . . . . . . .2004. . . . . . . .2005. . . . . . . .2006. . . . . . . .2007. . . . . . . .2008. . . . . . . .2009. . . . . . . .

Operating credit unionsFederal8,511 6,336 5,953 5,776 5,572 5,393 5,189 5,036 4,847 4,714

State4,349 3,980 3,735 3,593 3,442 3,302 3,173 3,065 2,959 2,840

Number of failed institu tions 1

164291513212722121931

Members (1,000)Federal36,241 43,883 44,600 46,153 46,858 47,612 48,262 48,474 49,129 49,599

State19,454 33,705 36,300 36,287 36,710 36,895 37,487 38,363 39,437 40,333

Assets (mil. dol.)Federal130,073 242,881 301,238 336,611 358,701 377,804 394,125 417,578 447,484 482,686

State68,133 195,363 255,837 273,572 288,294 300,868 315,817 335,885 364,404 402,071

Loans outstanding

(mil. dol.)Federal83,029 163,851 181,768 202,898 223,878 249,515 270,420 289,169 309,275 311,154

State44,102 137,485 160,881 173,236 190,376 208,728 223,917 237,755 256,721 261,285

Savings (mil. dol.)Federal117,892 210,188 261,819 291,484 308,317 321,820 333,914 349,100 373,369 408,832

State62,082 169,053 222,372 236,856 247,804 255,804 267,275 283,298 307,762 343,835

1990 for year ending September 30; beginning 2000, reflects calendar year. A failed institution is defined as a credit union which has ceased operation because it was involuntarily liquidated or merged with assistance from the National Credit Union Share Insurance Fund.

Source: National Credit Union Administration, Annual Report of the National Credit Union Administration, and unpublished data.

738 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1183. Noncash Payments by Method of Payment and ATM Cash Withdrawals: 2003 and 2006

[81.4 represents 81,400,000,000. Based on two data collection efforts to estimate the annual number and value of significant types of noncash payments. Estimates of check payments and ATM withdrawals were based on findings from the Depository Institutions Payments Study (2007 DI study). Electronic payments volume estimates were based on findings from the Electronic Payments Study and supplemented by the 2007 DI study. The Depository Institutions Payments Study collected the number and value of different types of payments from deposit accounts at a representative, random sample of depository institutions. A total of 1,437 depository institutions (commercial banks, savings institutions, and credit unions) from a stratified random sample of 2,700 institu-tions provided data for the survey. The Electronic Payments Study estimated the number and value of electronic payments in the United States for calendar year 2006. Data were collected by surveying payment networks and card issuers. Of the 73 organiza-tions asked to participate, 65 of the largest organizations provided data. Respondents to this study collectively accounted for an estimated 99.8 percent of the electronic transactions and 99.9 percent of the electronic payments value in the United States]

Transactions (billions)200381 .437.336.829.74.23.00.30.244.18.815.610.35.319.00.85 .937.60.3

200693 .330.530.125.12.72.30.20.262.814.625.316.09.421.71.15 .833.12.6

Value (trillion dollars)200367 .641.140.838.40.91.50.3(Z)26.424.10.60.40.21.7(Z)0 .541.20.1

200675 .841.641.439.00.81.60.2(Z)34.131.01.00.60.32.1(Z)0 .642.40.7

Average value per transaction (dollars)200320068308131,1041,3631,1081,3711,2931,5502192885116961,1541,2031461645992,7544042388926851,096187

5442,1223940379827991,280267

Method of payment

Noncash payments, total . . . . . . . . . .Checks (paid) ...................... Commercial checks ................. Commercial banks ................. Credit unions ..................... Savings institutions ................ U.S. Treasury checks ................ Postal money orders ................Electronic payments ................. Automated Clearing House (ACH). . . . . . Debit cards ....................... Signature 1 ....................... PIN 2 ........................... Credit cards 3 ...................... Electronic benefits transfer cards ......Memo:

ATM cash withdrawals . . . . . . . . . . . . . Checks (written) 4 .................. Checks converted to ACH ...........

Z Less than $50 million. 1 Signature debit card payments are made like credit card payments, but use funds from transaction deposit accounts. 2 PIN debit card payments also use funds from transaction deposit accounts and typically require the entry of the same personal identification number (PIN) used to access automated teller machines (ATMs). Excludes a portion estimated to have been returned to the customer as cash. 3 Credit cards include both general purpose and private-label cards. 4 Includes the use of checks as source documents to initiate electronic payments.

Source: Board of Governors of the Federal Reserve System, "Recent Payment Trends in the United States," Federal Reserve Bulletin, October 2008, <http://www.federalreserve.gov/pubs/bulletin/2008/default.htm> and "The 2007 Federal Reserve Payments Study,” December 2007 </files/communications/pdf/research/2007_payments_study.pdf>.

Table 1184. Percentage of Households Using Selected Electronic Banking Technologies: 1995 to 2007

[Covers only those households that access services (other than by check or credit card) at a bank, thrift institution, or credit union. Based on sample surveys. For details on the Survey of Consumer Finances, see Appendix III and the Federal Reserve Board, <www.federalreserve.gov/boarddocs/surveys\>. The Reuters/University of Michigan Surveys of Consumers is based on data from approximately 1,000 respondents. For details, see the University of Michigan Survey Research Center, <http://www.sca.isr.umich .edu/>]

Technology

1995

ELECTRONIC

Direct deposit of any type ......ATM card ...................Debit card 1 .................Preauthorized debts ..........Automated phone system ......Computer banking ............Smart card 2 .................Prepaid card 3 ...............NONELECTRONIC

In person ...................Mail .......................Phone (talk in person) .........

Survey of Consumer Finances

1998675537402672(NA)815543

20017157504322193(NA)785142

2004756562502034(NA)(NA)785142

2007807671492553(NA)(NA)855957

Reuters/University of Michigan

Surveys of Consumers199920032006

6559(NA)314010(NA)(NA)(NA)(NA)(NA)

706554464432673(NA)(NA)(NA)

7769625746511273(NA)(NA)(NA)

53352025(NA)41(NA)8759(NA)

NA Not available. 1 A debit card is a card that automatically deducts the amount of a purchase from the money in an account. A smart card is a type of payment card containing a computer chip which is set to hold a sum of money. As the card is used, pur-chases are subtracted from that sum. 3 Prepaid cards are cards that contain a stored value, or a value that has been paid up-front, allowing you to use the card much like cash. As you use the card, the prepaid value is drawn down. Examples are phone cards and gift cards. Smart cards are different from prepaid cards in that you can add money to the card at special machines designed for smart cards or sometimes at ATMs.

Source: Board of Governors of the Federal Reserve System, Federal Reserve Bulletin, July 2009, and unpublished data.

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 739

Table 1185. Percent of U.S. Households That Use Selected Payment Instruments: 2001 and 2007

[In percent. Based on Survey of Consumer Finances conducted by the Board of Governors of the Federal Reserve System; see Appendix III]

Characteristic of head of household All households . . . . . . .Under 30 years old ......30 to 60 years old .......61 years old and over ....Household income: 3

Low income ............ Moderate income ....... Middle income ......... Upper income .........No college degree .......College degree .........

Any of these instruments2001200788 .991 .883.889.989.474.388.692.597.185.196.4

88.692.492.179.791.196.498.488.498.2

ATM 1200169 .878.176.848.946.867.475.283.763.781.6

200779 .784.885.963.558.878.587.591.074.090.3

Debit card200147 .060.653.424.629.246.350.057.842.356.2

200767 .078.374.943.948.168.075.075.863.772.9

Direct deposit200167 .348.864.883.251.963.165.780.261.878.0

200774 .961.372.686.460.568.576.886.668.985.9

Automatic bill paying2001200740 .345 .532.144.135.918.235.145.155.233.753.2

35.748.842.923.837.850.261.638.059.3

Software 2200118 .017.022.09.06.110.716.329.910.931.8

200719 .121.421.612.37.710.718.830.511.932.2

The question on ATM cards asked whether any member of the household had an ATM card, not whether the member used it. The other questions asked about usage of other instruments. 2 The question on software asked whether the respondent or spouse/partner uses any type of computer software to help in managing their money. 3 Low income is defined as less than 50 percent of the median household income; moderate income is 50 to 80 income is 80 to 120 percent of the median; and upper income is greater than 120 percent of the median. Each survey refers to income in the previous year. Median income was $41,990 in 2000 and $48,201 in 2006.

Source: Mester, Loretta J., “Changes in the Use of Electronic Means of Payment: 1995-2007,” Business Review, Third Quarter 2009, published by Federal Reserve Bank of Philadelphia. See also </research-and-data/publications /business-review/2009/q3/brq309_changes-in-electronic-payment.pdf>.

Table 1186. Debit Cards—Holders, Number, Transactions, and Volume, 2000 and 2008, and Projections, 2011

[160 represents 160,000,000]

Cardholders

(mil.)200016013715911

200818116018012

2011, proj.188xxxxxxxx

Number of cards

(mil.)200023513722311

200849144927612

2011, proj.58554028614

Number of point-of-sale

transactions

(mil.)

2011,

20002008proj.8,29134,23946,3675,29028,46439,0492,9795,7527,279222339

Purchase volume

(bil. dol.)20003112101001

20081,3471,1262191

2011, proj.1,7501,4702792

Type of debit card Total 1 . . . . . . . . . .Bank 2 ...........EFT systems 3 .....Other 4 ...........

Cardholders may hold more than one type of card. Bank cards and EFT cards are the same pieces of plastic that carrymultiple brands. The total card figure shown does not include any duplication. 2 Visa and Master Card debit cards. For 2006 and later, includes Interlink & Master Card PIN debit. 3 Cards issued by financial institution members of regional and national switches such as Star, Interlink (before 2006), Pulse, Nyce, etc. EFT = Electronic funds transfer. 4 Retail cards such as those issued by supermarkets.

Source: The Nilson Report, Carpinteria, CA, Twice-monthly (copyright, used by permission.)

Table 1187. Credit Cards—Holders, Number, Spending, and Debt, 2000 and 2008, and Projections, 2011

[159 represents 159,000,000]

Cardholders

(mil.)200015993861147636237

20xxxxxxxxxxxx46242366

2011, proj.183xxxxxxxx642366

Number of cards

(mil.)20001,425255200597985033192

20081,493304260539655854160

2011, proj.1,278282211463615654150

Credit card purchase volume

(bil. dol.)

2011,

20002008proj.1,2422,1532,044xxxxxxxxxxxx22118

824547143631064655

803483122681094555

Credit card debt outstanding

(bil. dol.)

2011,

20002008proj.68097689726821292548505

40xxxxxxxxxxxx3

375273891055913

Type of credit card

Total 1 . . . . . . . . . . .Visa ..............Master Card ........Store .............Oil company ........Discover ...........American Express ...The Rest 2 .........

Cardholders may hold more than one type of card. 2 Includes Universal Air Travel Plan (UATP), phone cards, automobile rental, and miscellaneous cards; credit card purchase volume and cardholders excludes phone cards.

Source: The Nilson Report, Carpinteria, CA, Twice-monthly newsletter (copyright, used by permission.)

740 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1188. Usage of General Purpose Credit Cards by Families: 1995 to 2007

[General purpose credit cards include Master Card, Visa, Optima, and Discover cards. Excludes cards used only for business purposes. All dollar figures are given in constant 2007 dollars based on consumer price index data as published by U.S. Bureau of Labor Statistics. Families include one-person units; for definition of family, see text, Section 1. Based on Survey of Consumer Finances; see Appendix III. For definition of median, see Guide to Tabular Presentation]Percent having a general purpose credit card

1995, total ...............66.4 2001, total ...............72.7 2004, total ...............71.5Age of family head, family income, and housing tenure 2007, total . . . . . . . . . . . . . . .Under 35 years old .........35 to 44 years old ..........45 to 54 years old ..........55 to 64 years old ..........65 to 74 years old ..........75 years old and over .......Less than $10,000 ..........$10,000 to $24,999 .........$25,000 to $49,999 .........$50,000 to $99,999 .........$100,000 and more .........Owner occupied ............Renter occupied or other .....

Median new Percent charges having a

Median on last balance number of month’s bill after last

cards(dollars)month’s bill

220056.0220053.6230056.2

22223212222322

3001003003003003002002001001002001,000300100

58 .370.968.264.658.639.923.956.855.960.366.247.155.370.2

Median balance 1 (dollars)2,0002,1002,300

3,0002,0003,4004,0003,5003,9009001,2001,0002,1003,9006,0004,0001,400

Percent of

card holding families who—Almost

always Sometimes Hardly ever pay off the pay off the pay off the balancebalancebalance

52.420.127.555.319.125.655.720.324.0

55 .347.146.948.856.070.480.859.254.449.750.467.357.546.6

19 .422.922.519.420.016.78.820.719.420.520.716.319.419.2

25 .430.030.631.824.012.910.420.126.229.829.016.323.134.2

70 .258.968.174.378.979.566.027.744.566.485.894.381.545.4

Among families having a balance.

Source: Board of Governors of the Federal Reserve System, unpublished data.

Table 1189. Consumer Credit Outstanding and Finance Rates: 1990 to 2009

[In billions of dollars, except percent (808 represents $808,000,000,000). Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate. Estimated amounts of seasonally adjusted credit outstanding as of end of year; finance rates, annual averages]Type of credit

Total . . . . . . . . . . . . . . . . . . . . . . . . . . .Revolving .........................Nonrevolving 1 .....................FINANCE RATES (percent)Commercial banks:

New automobiles (48 months) ........ Other consumer goods (24 months) ... Credit card plans ..................Finance companies:

New automobiles .................. Used automobiles .................

1990808239570

20001,7176831,033

20021,9717511,220

20032,0777681,308

20042,1928001,392

20052,2928311,461

20062,3868721,513

20072,5239431,580

20082,5619581,603

20092,4518661,585

11.7815.4618.1712.5415.99

9.3413.9015.786.8513.47

7.6212.5413.404.5011.18

6.9411.9612.303.819.86

6.6011.8912.724.928.81

7.0712.0612.516.028.81

7.7212.4113.214.999.61

7.7712.3813.304.879.24

7.0211.3712.085.528.74

6.7211.1013.403.829.41

Comprises automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations. These loans may be secured or unsecured.

Source: Board of Governors of the Federal Reserve System, “Consumer Credit-G.19,” March 2010,

<http://www.federalreserve.gov/releases/g19/current/g19.htm> and “Finance Companies-G.20,” March 2010, <http://www.federalreserve.gov/releases/g20/current/g20.htm>.

Table 1190. Consumer Credit by Type of Holder: 1990 to 2009

[In billions of dollars (824 represents $824,000,000,000). As of December 31. Not seasonally adjusted]Type of holder

Total . . . . . . . . . . . . . . . . . . . . . . . . . .Nonfinancial corporations ...........U.S. government ..................Commercial banking ...............Savings institutions ................Credit unions .....................Government-sponsored enterprises ...Asset-backed securities issuers ......Finance companies ................

199082467–38250921977138

20001,74181605516518437528234

20021,99775806036919637630308

20032,1035982xxxxxxxxxxxx393

20042,220598670491215–572492

20052,32xxxxxxxxxxxx9–610517

20062,416589274196235–661534

20072,555599880491236–684584

20082,5946011187986236–646576

20092,4815718685578237–579489

– Represents or rounds to zero.

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 741

Table 1191. Mortgage Debt Outstanding by Type of Property and Holder: 1990 to 2009

[In billions of dollars (3,781 represents $3,781,000,000,000). As of December 31]Type of property and holder

Total mortgages 1 . . . . . . . . . . . . . . . . . . . .Home 2 ...............................Multifamily residential ...................Commercial ...........................Farm ................................Household sector .......................State and local government ...............Commercial banking ....................Savings institutions 3 ....................Credit unions ..........................Life insurance companies ................Government-sponsored enterprises (GSE) ...Agency- and GSE-backed mortgage pools ...Asset-backed securities issuers ...........Finance companies .....................Real estate investment trusts .............HOME MORTGAGES 2

Total 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .State and local government ...............Commercial banking ....................Savings institutions .....................Credit unions ..........................Government-sponsored enterprises (GSE) ...Agency- and GSE-backed mortgage pools ...Asset-backed securities issuers ...........Finance companies .....................Memo:

Home equity loans included above 1, 4 .....Commercial banking ....................Savings institutions .....................Credit unions ..........................

19903,7812,6062878xxxxxxxxxxxx802332681561,0206611482,6066xxxxxxxxxxxx9155802151156020

20006,7535,1074021,160851031311,6607231042362642,493604238175,107679705941042102,42xxxxxxxxxxxx1

20028,3616,4134831,370951171242,0587811362503573,159xxxxxxxx6,413631,2276311362773,0645xxxxxxxxxxxx48

20032004200520062007200820099,36510,62812,06713,46414,53314,61214,3077,2228,2479,35610,41611,11111,00010,7865636166877428439038971,4971,6691,9192,1992,4662,5792,48xxxxxxxxxxxx313xxxxxxxxxxxx12xxxxxxxxxxxx141xxxxxxxx71711622,2562,5962,9583,4033,6443,8413,8198711,0571,1531,0771,09486163316018822025028231531726127328530432xxxxxxxxxxxx5896076437016973,3313,3753,5423,8374,4644,9615,3831,0091,4442,1312,7662,9482,5932,21637047654159453244840149118xxxxxxxxxxxx7,222681,3607031605193,2166663205933669652

8,247721,5828741885093,2561,04942277648412164

9,35610,41611,11111,00010,78677859088821,7922,0822,2112,2492,2619548688796664492202502823153174544584484574393,4203,7114,3194,8015,2141,6222,1392,1721,8591,52549053847337533191554915276

1,06665413887

1,130xxxxxxxx

1,11377611999

1,0327628094

Includes other holders not shown separately. 2 Mortgages on one- to four-family properties including mortgages on farm houses. 3 Federal Home Loan Bank loans to savings institutions are included in other loans and advances. 4 Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

Table 1192. Characteristics of Conventional First Mortgage Loans for Purchase of Single-Family Homes: 2000 to 2009

[In percent, except as indicated (234.9 represents $234,900). Annual averages. Covers fully amortized conventional mortgage loans used to purchase single-family nonfarm homes. Excludes refinancing loans, nonamortized and balloon loans, loans insured by the Federal Housing Administration, and loans guaranteed by the Veterans Administration. Based on a sample of mortgage lenders, including savings and loans associations, savings banks, commercial banks, and mortgage companies]

Loan characteristicsContract interest rate,

all loans 1 ............... Fixed-rate loans ......... Adjustable-rate loans 2 ....Initial fees, charges 3 .......Effective interest rate,

all loans 4 .............. Fixed-rate loans ......... Adjustable-rate loans 2 ....Term to maturity (years). . . . .Purchase price ($1,000) ....Loan-to-price ratio .........Percent of number of loans with adjustable rates ......

20007.48.06.50.697.58.26.529.2234.977.440

20055.96.15.30.545.96.25.329.2328.575.229

New homes200620076.56.66.20.676.66.76.229.5346.475.421

6.36.36.20.816.46.46.329.4360.477.111

20085.95.95.70.846.16.15.829.1350.676.2

20095.05.0(5)1.005.15.2(5)28.8332.373.9

(5)

20007.98.27.20.668.18.37.228.6191.877.921

Previously occupied homes20052006200720085.86.05.60.335.96.05.628.3291.374.630

6.56.66.40.336.66.66.428.9295.976.922

6.56.56.30.406.56.56.429.3286.279.911

6.16.15.70.466.26.25.828.3296.477.0

20095.15.1(5)0.555.15.2(5)28.1303.674.6

(5)

Initial interest rate paid by the borrower as specified in the loan contract. 2 Loans with a contractual provision for periodic adjustments in the contract interest rate. 3 Includes all fees, commissions, discounts, and “points” paid by the borrower, or seller, in order to obtain the loan. Excludes those charges for mortgage, credit, life, or property insurance; for property transfer; and for title search and insurance. 4 Contract interest rate plus fees and charges amortized over a ten year period. 5 Insufficient data to report meaningful numbers.

Source: U.S. Federal Housing Finance Agency, Monthly Interest Rate Survey , Historical Summary Table, <http://www.fhfa.gov/Default.aspx?Page=252>

742 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1193. Mortgage Originations and Delinquency and Foreclosure Rates: 1990 to 2009

[In percent, except as indicated (459 represents $459,000,000,000). Covers one- to four-family residential nonfarm mortgage

loans. Mortgage origination is the making of a new mortgage, including all steps taken by a lender to attract and qualify a borrower, process the mortgage loan, and place it on the lender’s books. Based on the National Delinquency Survey which covers 45 million loans on one- to four-unit properties, representing between 80 to 85 percent of all ‘first-lien’ residential mortgage loans outstanding. Loans surveyed were reported by approximately 120 lenders, including mortgage bankers, commercial banks, and thrifts]Item

MORTGAGE ORIGINATIONS Total (bil . dol .) . . . . . . . . . . . . . . . . . . . .Purchase (bil. dol.) ...................Refinance (bil. dol.) ..................DELINQUENCY RATES 1

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Prime conventional loans .............Subprime conventional loans ..........Federal Housing Administration loans ....Veterans Administration loans ..........FORECLOSURE RATES

Total loans in foreclosure process 2 . . .Prime conventional loans .............Subprime conventional loans ..........Federal Housing Administration loans ....Veterans Administration loans .......... Loans entering foreclosure process: 3

Prime conventional loans .............Subprime conventional loans ..........Federal Housing Administration loans ....Veterans Administration loans ..........

1990459389704 .7(NA)(NA)6.76.30 .9(NA)(NA)1.31.2(NA)(NA)1.71.6

20001,1399052344 .42.311.99.16.81 .20.49.41.71.20.69.22.31.5

20033,8121,2802,5324 .72.512.212.28.01 .30.65.62.91.60.86.63.61.9

20042,7731,3091,4634 .52.310.812.27.31 .20.53.82.71.50.85.93.92.0

20052,9081,5121,3974 .52.310.812.57.01 .00.43.32.31.10.75.63.41.5

20062,7261,3991,3264 .62.412.312.76.71 .20.54.51.91.00.87.33.31.4

20072,3061,1401,1665 .42.915.612.76.42 .01.08.72.31.11.311.73.61.6

20081,5097317776 .94.319.913.07.23 .31.913.72.41.72.416.53.82.3

20092,1037391,3649 .36.525.514.07.94 .63.315.63.62.53.916.24.83.0

NA Not available. 1 Number of loans delinquent 30 days or more as percentage of mortgage loans serviced in survey. Annual average of quarterly figures. Delinquency rate does not include loans in the process of foreclosure. 2 Percentage of loans in the foreclosure process at year-end, not seasonally adjusted. 3 Percentage of loans entering foreclosure process at year-end, not seasonally adjusted.

Source: Mortgage Bankers Association of America, Washington, DC, “MBA Mortgage Originations Estimates,” National Delinquency Survey, quarterly, </>; and unpublished data.

Table 1194. Delinquency Rates and Charge-Off Rates on Loans at Insured Commercial Banks: 1990 to 2009

[In percent. Annual averages of quarterly figures, not seasonally adjusted. Delinquent loans are those past due 30 days or more and still accruing interest as well as those in nonaccrual status. They are measured as a percentage of end-of-period loans. Charge-offs, which are the value of loans removed from the books and charged against loss reserves, are measured net of recoveries as a percentage of average loans and annualized. Includes only U.S.-chartered commercial banks]Type of loan

DELINQUENCY RATES Total loans . . . . . . . . . . . .Real estate .............. Residential 1 ............. Commercial 2 ............Consumer ............... Credit cards ............. Other ..................Leases ..................Commercial and industrial ...Agricultural ...............CHARGE-OFF RATES Total loans . . . . . . . . . . . .Real estate .............. Residential 1 ............. Commercial 2 ............Consumer ............... Credit cards ............. Other ..................Leases ..................Commercial and industrial ...Agricultural ...............

19905 .33

6.10(NA)(NA)3.83(NA)(NA)1.975.343.841 .440.85(NA)(NA)1.823.461.030.661.290.21

20002 .181.892.111.493.554.502.981.592.222.540 .660.100.120.052.364.461.140.310.760.25

20032 .331.761.831.543.284.472.671.913.342.500 .860.170.190.132.905.841.410.861.240.35

20041 .801.441.551.203.084.112.461.342.181.680 .600.090.100.072.685.041.310.420.530.19

20051 .571.371.551.072.813.702.241.281.511.300 .540.060.080.052.754.841.380.580.260.07

20061 .571.491.731.122.904.012.211.261.271.110 .420.090.110.062.053.641.060.170.290.10

20072 .062.272.551.943.134.252.461.201.221.210 .610.230.260.202.483.991.560.240.490.10

20083 .674.675.014.443.765.023.001.581.881.191 .431.211.281.203.525.522.340.540.980.17

20096 .548.439.107.904.706.523.582.303.912.372 .642.272.332.345.419.223.021.292.290.53

NA Not available. 1 Residential real estate loans include loans secured by one- to four-family properties, including home equity lines of credit, booked in domestic offices, only. 2 Commercial real estate loans include construction and land development loans, loans secured by multifamily residences, and loans secured by nonfarm, nonresidential real estate, booked in domestic offices, only.

Source: Federal Financial Institutions Examination Council (FFIEC), Consolidated Reports of Condition and Income (1990–2000: FFIEC 031 through 034; beginning 2001: FFIEC 031 & 041).

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 743

Table 1195. Money Stock: 1990 to 2009

[In billions of dollars (825 represents $825,000,000,000). As of December. Seasonally adjusted averages of daily figures]Item

M1, total . . . . . . . . . . . . . . .Currency 1 .................Travelers’ checks 2 ...........Demand deposits 3 ..........Other checkable deposits 4 .... M2, total . . . . . . . . . . . . . . .M1 .......................Non-M1 components of M2 .... Retail money funds ......... Savings deposits (including MMDAs 5). . . . . . . . . . . . . . . Commercial banks ....... Thrift institutions ......... Small time deposits 6 ........ Commercial banks ......... Thrift institutions ..........

199082524682772943,2778252,4533569235813421,173611563

20001,08853183102384,9181,0883,8309061,8781,4244541,046701345

20021,22062683072805,7861,2204,5658972,7742,060714895591303

20031,30766383263106,0741,3074,7677863,1632,338825818542276

20041,37769883443286,4151,3775,0387033,5072,632876828551276

20051,37572473253196,6791,3755,3047073,6052,776829992645347

20061,36875073053067,0801,3685,7128103,6982,9147841,204779425

20071,37676063023087,5091,3766,1349853,8763,0478291,273856417

20081,59581564603148,2421,5956,6471,0824,1123,3397731,4531,074378

20091,69386254423848,5241,6936,8318144,8494,0078421,169852317

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions. 2 Outstanding amount of U.S. dollar-denominated travelers’ checks of nonbank issuers. Travelers’ checks issued by depository institutions are included in demand deposits. 3 Demand deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float. 4 Negotiable order of withdrawal (NOW) and automatic transfer service (ATS) balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, Edge Act corporations, and thrift institutions, credit union share draft balances, and demand deposits at thrift institutions. 5

Money market deposit accounts (MMDAs). 6 Small-denomination time deposits are those issued in amounts of less than

$100,000. All Individual Retirement Account (IRA) and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits.

Source: Board of Governors of the Federal Reserve System, Federal Reserve Statistical Release H.6, weekly.

Table 1196. Money Market Interest Rates and Mortgage Rates: 1990 to 2009

[Percent per year. Annual averages of monthly data, except as indicated]Type

Federal funds, effective rate .........Prime rate charged by banks .........Discount rate 1 ....................Eurodollar deposits, 3-month .........Large negotiable CDs:

3-month, secondary market ......... 6-month, secondary market .........Taxable money market funds 2

Tax-exempt money market funds 2. . . . .Certificates of deposit (CDs): 3

6-month ........................ 1-year ......................... 2-year ......................... 5-year .........................U.S. government securities: Secondary market: 4

3-month Treasury bill ............. 6-month Treasury bill ............. Auction average: 5

3-month Treasury bill .............Home mortgages:

New-home mortgage yields 6. . . . . . . . Conventional, 15 yr. fixed 3 ......... Conventional, 30 yr. fixed 3 .........

19908.1010.016.988.168.158.177.825.457.797.927.968.06

19955.838.835.215.935.925.985.483.394.925.395.696.00

20006.249.235.736.456.466.595.893.545.095.465.645.97

20021.674.671.171.731.731.811.290.941.671.982.743.96

20031.134.122.121.141.151.170.640.531.021.201.772.93

20041.354.342.341.551.571.740.820.661.141.452.213.34

20053.226.194.193.513.513.732.661.872.372.773.183.75

20064.977.965.965.195.165.244.512.903.293.643.754.02

20075.028.055.865.325.275.234.703.133.463.653.653.89

20081.925.092.393.312.973.142.051.772.122.362.433.17

20090.163.250.501.030.550.870.180.190.861.161.432.21

7.507.467.5110.059.739.97

5.495.565.517.857.397.86

5.825.905.857.967.768.08

1.611.681.626.516.026.56

1.011.051.025.735.255.89

1.371.581.385.745.235.86

3.153.393.165.905.505.93

4.734.814.736.606.136.47

4.364.444.416.496.116.40

1.371.621.486.145.836.23

0.150.280.165.144.835.38

Rate for the Federal Reserve Bank of New York. Beginning 2003, the rate charged for discounts made and advances extended under the Federal Reserve's primary credit discount window program, which became effective January 9, 2003.

The rate replaced that for adjustment credit, which was discontinued after January 8, 2003. 2 12-month return for period ending December 31. Source: iMoneyNet, Inc., Westborough, MA, Money Market Insight, monthly, (copyright), <>. 3 Annual averages. Source: Bankrate, Inc., North Palm Beach, FL, Bank Rate Monitor, weekly (copyright),

<>. 4 Averages based on daily closing bid yields in secondary market, bank discount basis. 5 Averages computed on an issue-date basis; bank discount basis. Source: U.S. Council of Economic Advisors, Economic Indicators, monthly.6

Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and

assumed, on the average, repayment at end of ten years. Source: U.S. Federal Housing Finance Board, Terms on Conventional Single-Family Mortgages, Annual National Averages, All Homes.

Source: Except as noted, Board of Governors of the Federal Reserve System, "H15, Selected Interest Rates," <http://www.federalreserve.gov/releases/h15/data.htm>.

744 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1197. Bond Yields: 1990 to 2009

[Percent per year. Annual averages of daily figures, except as indicated]Type

U.S. Treasury, constant maturities: 1, 2

1-year ............................. 2-year ............................. 3-year ............................. 5-year ............................. 7-year ............................. 10-year ............................ 20-year ............................State and local govt. bonds, Aaa rating 3 ....State and local govt. bonds, Baa rating 3 ....Municipal (Bond Buyer, 20 bonds) .........High-grade municipal bonds

(Standard & Poor’s) 4 ...................

19907.898.168.268.378.528.55(NA)6.967.307.277.25

19955.946.156.256.386.506.576.955.796.055.955.957.598.207.83

20006.116.266.226.156.206.036.235.586.195.715.777.628.377.98

20022.002.643.103.824.304.615.434.875.635.045.056.497.807.10

20031.241.652.112.973.524.024.964.525.204.754.735.666.766.24

20041.892.382.783.433.874.275.054.515.094.684.635.636.396.00

20053.623.853.934.054.154.294.654.284.864.404.295.236.065.57

20064.944.824.774.754.764.804.994.154.714.404.425.596.485.98

20074.534.364.354.434.514.634.914.134.594.404.425.566.486.01

20081.832.012.242.803.173.664.364.585.644.854.805.637.446.44

20090.470.961.432.202.823.264.114.276.344.624.645.317.296.12

Corporate Aaa rating seasoned 3, 5 ........9.32Corporate Baa rating seasoned 3 .........10.36Corporate seasoned, all industries 3 .......9.77

NA Not available. 1 Yields on actively traded non-inflation-indexed issues adjusted to constant maturities. Data from

U.S. Treasury. 2 Through 1995, yields are based on closing bid prices quoted by at least five dealers. Beginning 2000, yields are based on closing indicative prices quoted by secondary market participants. 3 Data from Moody’s Investors Service, New York, NY. 4

Source: U.S. Council of Economic Advisors, Economic Indicators, monthly. 5 Moody’s Aaa rates through December 6, 2001, are average of Aaa utility and Aaa industrial bond rates. As of December 7, 2001, these rates are averages of Aaa industrial bonds only.

Source: Except as noted, Board of Governors of the Federal Reserve System, “H15, Selected Interest Rates,” <http://www.federalreserve.gov/releases/h15/data.htm>.

Table 1198. Volume of Debt Markets by Type of Security: 1990 to 2009

[In billions of dollars (1,081 represents $1,081,000,000,000). Covers debt markets as represented by the source]

Type of security

NEW ISSUE VOLUME 1

Total . . . . . . . . . . . . . . . . . . . . . . . . .U.S. Treasury securities 2 ..........Federal agency securities 3 ........Municipal ......................Mortgage-backed securities 4 ......Asset-backed securities 5. . . . . . . . . .Corporate debt 6 ................DAILY TRADING VOLUME Total . . . . . . . . . . . . . . . . . . . . . . . . .U.S. Treasury securities 2, 7 ........Federal agency securities 7 ........Municipal 8 .....................Mortgage-backed securities 4, 7 .....Corporate debt 6 ................VOLUME OF SECURITIES

OUTSTANDING

Total . . . . . . . . . . . . . . . . . . . . . . . . .U.S. Treasury securities 2 ..........Federal agency securities .........Municipal ......................Mortgage-backed securities 4 ......Asset-backed securities 5. . . . . . . . . .Money market instruments 9 .......Corporate debt 6 ................

19901,081398551283804477111 .2111.2(NA)(NA)(NA)(NA)

20002,513312447201684282588357 .6206.572.88.869.5(NA)

20045,3068538823601,779652781818 .9499.078.814.8207.418.8

20055,2967466694081,967754753918 .7554.578.816.9251.816.7

20065,7237897473871,9887541,059893 .1524.774.422.5254.616.9

20075,8117529424292,0505101,1281,014 .9570.283.025.1320.116.4

20084,6021,0379853901,3441407071,033 .6553.1104.519.4344.911.8

20096,7512,1861,1174101,957146935814 .6407.977.712.5299.916.8

7,7452,1964351,1841,333901,1571,35017,2033,2101,8541,4813,5661,0722,6633,35824,5724,4072,7012,0005,9311,8282,9044,80127,1244,7152,6162,2267,2121,9553,4344,96630,0464,8722,6512,4038,6352,1304,0095,34532,3665,0822,9332,6199,1432,4724,1715,94733,7356,0833,2052,6849,1002,6723,7916,20234,7477,6052,7302,8129,1882,4293,1286,856

NA Not available. 1 Covers only long-term issuance. 2 Marketable public debt. 3 Includes overnight discount notes. Beginning 2004, excludes Sallie Mae. 4 Includes only Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC) mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs) and private-label MBS/CMOs. Beginning with 2004, Sallie Mae has been excluded from “Issuance in the U.S. Bond Market” data. 5 Includes auto, credit card, home equity, manufacturing, student loans, and other. 6 Includes non-convertible corporate debt, Yankee bonds, and MTNs (Medium-Term Notes), but excludes all issues with maturities of one year or less, agency debt, and all certificates of deposit. 7 Primary dealer transactions. 8 Beginning 2000, includes customer-to-dealer and dealer-to-dealer transactions. 9 Commercial paper, bankers acceptances, and large time deposits.

Source: The Securities Industry and Financial Markets Association, New York, NY, copyright, </research /research.aspx?ID=10806>. Based on data supplied by Board of Governors of the Federal Reserve System, U.S. Department of Treasury, Thomson Reuters, FHLMC, FNMA, GNMA, Federal Home Loan Banks, Student Loan Marketing Association, Federal Farm Credit Banks, Tennessee Valley Authority, Bloomberg, Loan Performance, Dealogic and Municipal Securities Rulemaking Board.

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 745

Table 1199. Total Returns of Stocks, Bonds, and Treasury Bills: 1980 to 2009

[In percent. Average annual percent change. Stock return data are based on the Standard & Poor’s 500 index. Minus sign (–) indicates loss]

Period

1980 to 1989 .......1990 to 1999 .......2000 to 2006 .......2000 to 2008 .......2002. . . . . . . . . . . . . .2003. . . . . . . . . . . . . .2004. . . . . . . . . . . . . .2005. . . . . . . . . . . . . .2006. . . . . . . . . . . . . .2007. . . . . . . . . . . . . .2008. . . . . . . . . . . . . .2009. . . . . . . . . . . . . .

Total return after inflation

17.5518.211.13–3.82–22.1028.6810.884.9115.805.49–37.0026.25

Stocks

Dividends and

Capital gainsreinvestment

12.594.4015.312.51–0.491.63–5.401.58–23.371.6526.381.828.991.733.001.8513.621.913.531.89–38.491.8823.452.44

Total return

after inflation

11.8514.85–1.10–6.68–23.9126.317.381.4511.971.35–37.1023.11

Treasury

bills, total return

9.134.953.073.421.611.031.433.304.974.521.240.15

Bonds (10-year), total return

13.018.026.766.7115.370.464.613.092.2110.5420.23–9.50

Source: Global Financial Data, Los Angeles, CA, “GFD Guide to Total Returns,” <>, and unpublished data (copyright).

Table 1200. Equities, Corporate Bonds, and Treasury Securities— Holdings and Net Purchases by Type of Investor: 2000 to 2009

[In billions of dollars (17,575 represents $17,575,000,000,000). Holdings as of December 31. Minus sign (–) indicates net sales]

Type of investor

EQUITIES 1

Total 2 . . . . . . . . . . . . . . . . . . . . . . . . .Household sector 3 ................Rest of the world 4 .................Life insurance companies ...........Private pension funds ..............State and local government retirement funds ..........................Mutual funds .....................Exchange-traded funds .............CORPORATE & FOREIGN BONDS Total 2 . . . . . . . . . . . . . . . . . . . . . . . . .Household sector 3 ................Rest of the world 4 .................Commercial banking ...............Property-casualty insurance

companies ......................Life insurance companies ...........Private pension funds ..............State and local government retirement funds ..........................Mutual funds .....................Government-sponsored enterprises ...Funding corporations ...............

TREASURY SECURITIES

Total 2 . . . . . . . . . . . . . . . . . . . . . . . . .State and local governments .........Rest of the world 4 .................Monetary authority .................Money market mutual funds .........

2000

Holdings20052007

200820092000

Net purchases

200520072008

2009

17,57120,63625,57715,78520,4515 .6–76 .6–460 .5308 .9327 .0

8,2057,9939,4655,8817,698–637.5–409.9–795.128.2126.91,4222,0392,8121,7762,455199.756.9218.591.2122.88921,1621,4651,0021,142111.365.984.181.821.11,9712,5422,8631,6651,94662.8–4.6–217.0–256.7–159.01,2993,227664,8275528422661881,215266314338131253,3583101,02151292

1,7164,176286

1,9865,477574

1,2123,014474

1,5264,172670

11.6193.142.4358 .984.7168.256.06.447.9–76.34.2–10.619.1–8.9

–5.6129.650.0

–35.391.3137.2

–6.7–38.1154.2

–8.285.570.5

8,69511,42411,13411,5061,3002,0111,9882,2361,7632,7192,4572,3576879789808672631,825290228663466674,6784811,98474489

2831,8633572888904641705,0995322,376741178

2681,8194002899653876676,3384923,211476578

2831,9564242891,109311747

864 .21,227 .7–157 .117 .1119.6241.9–193.4–149.1328.5424.640.0–99.9123.4197.91.7–113.417.574.722.214.565.950.9–29.4307 .392.3245.126.4–9.6

5.940.039.7–9.1121.6–17.4109.6

–15.4–43.942.80.874.6–77.7497.3

16.0137.423.70.5144.1–33.880.6

7,782–294 .95315.53,713–75.277733.7406–12.9237 .51,239 .01,443 .714.5–39.639.4165.2674.3502.6–38.3–264.7300.795.5399.5–171.3

Excludes mutual fund shares; see Table 1214. 2 Includes other types, not shown separately. 3 Includes nonprofit organizations. Holdings and net purchases of U.S. issues by foreign residents.

Table 1201. New Security Issues of Corporations by Type of Offering: 2000 to 2009

[In billions of dollars (1,082 represents $1,082,000,000,000). Represents gross proceed of issues maturing in more than one year. Figures are the principal amount or the number of units multiplied by the offering price. Excludes secondary offerings, employee stock plans, investment companies other than closed-end, intracorporate transactions, Yankee bonds, and private placements listed. Stock data include ownership securities issued by limited partnerships]Type of Offering Total . . . . . . . . . . . .Bonds, total ........ Sold in the U.S. .... Sold abroad .......

20001,082947825123

20052,4392,3242,141182

20081,068861744117

2009Type of Offering1,171 Nonfinancial .....

Financial .......947Stocks, total ......784 Nonfinancial .....163 Financial .......

200025968813511817

20052162,1081155561

200831854320745162

200947946823463171

Source: Board of Governors of the Federal Reserve System, “New Security Issues, U.S. Corporations,” May 2010, <http://www.federalreserve.gov/econresdata/releases/corpsecure/current.htm>.

746 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1202. U.S. Purchases and Sales of Foreign Bonds and Stocks, 1990 to 2009, and by Selected Country, 2009

[In billions of dollars (31.2 represents $31,200,000,000). Covers transactions in all types of long-term foreign securities by foreigners as reported to the Treasury International Capital Reporting System by banks, brokers, and other entities in the

United States. Data cover new issues of securities, transactions in outstanding issues, and redemptions of securities. Includes trans-actions executed in the United States for the account of foreigners, and transactions executed abroad for the account of reporting insti-tutions and their domestic customers. Data by country show the country of location of the foreign buyers and sellers who deal directly with reporting institutions in the United States. The data do not necessarily indicate the country of beneficial owner or issuer. The term “foreigner” covers all institutions and individuals domiciled outside the United States, including U.S. citizens domiciled abroad, and the foreign branches, subsidiaries, and other affiliates abroad of U.S. banks and businesses; the central governments, central banks, and other official institutions of foreign countries; and international and regional organizations. “Foreigner” also includes persons in the United States to the extent that they are known by reporting institutions to be acting on behalf of foreigners. Excludes acquisitions of foreign stocks through mergers that involve stock swaps. Including stock swaps, net sales of foreign securities was $199 billion in 2009. Minus sign (–) indicates net sales by U.S. investors or a net inflow of capital into the United States]

Net Purchases

Year and country1990. . . . . . . . . . . . . . . .2000. . . . . . . . . . . . . . . .2002. . . . . . . . . . . . . . . .2003. . . . . . . . . . . . . . . .2004. . . . . . . . . . . . . . . .2005. . . . . . . . . . . . . . . .2006. . . . . . . . . . . . . . . .2007. . . . . . . . . . . . . . . .2008. . . . . . . . . . . . . . . . 2009, total 2 . . . . . . . . .United Kingdom .......Cayman Islands .......Canada .............Hong Kong ...........Japan ...............Bermuda ............France ..............Australia .............Germany ............British Virgin Islands ...Netherlands ..........Bahamas, The ........Switzerland ..........Brazil ...............

Total transactions 1

Stocks

9.213.11.588.685.0127.3106.595.3–20.459 .323.91.37.29.52.52.1–7.05.9–1.91.6–1.12.0–30.417.8

Total9075,5395,2535,5806,3997,57211,28316,60415,33210,4423,3021,765818545490452349294193186162147134127

Bonds6521,9222,7162,8832,9862,9653,9046,0784,4754,0421,31062539237123269134137xxxxxxxxxxxx

Stocks2553,6172,5372,6983,4134,6087,37910,52710,8566,4001,9921,140xxxxxxxx71832151xxxxxxxxxxxx781

Total31.217.1–27.056.5152.8172.4250.9229.2–86.9197 .622.3–13.641.77.7–1.97.9–16.154.5–17.8–1.6–0.4–1.0–61.627.6Bonds21.94.1–28.5–32.067.945.1144.5133.9–66.4138 .2–1.6–15.034.5–1.8–4.35.8–9.048.6–15.9–3.20.7–3.1–31.29.9

BondsPur-chases3379631,3441,4251,5271,5052,0243,1062,2042,0906543052131759137xxxxxxxxxxxx828

Sales3159591,3721,4571,4591,4601,8802,9722,2711,9526563201791964132714xxxxxxxxxxxx

StocksPur-chases1321,8151,2691,3931,7492,3673,7435,3115,4183,2301,0085712172591849310482338150441850

Sales1231,8021,2681,3051,6642,2403,6365,2165,4383,17xxxxxxxxxxxx182xxxxxxxx57951424932

Total purchases plus total sales. 2 Includes other countries not shown separately.Source: U.S. Department of Treasury, Treasury Bulletin, quarterly.

Table 1203. U.S. Holdings of Foreign Stocks and Bonds by Country: 2007 to 2009

[In billions of dollars (5,248.0 represents $5,248,000,000,000). See also Table 1288]

Stocks

Country

Total holdings . . . . . . . . . . . . .Europe 1 .................... United Kingdom ............. Switzerland ................ France .................... Germany .................. Netherlands ................ Spain ..................... Italy ...................... Sweden ................... Belgium and Luxembourg .....Canada ....................Caribbean financial centers 1 .... Bermuda .................. Cayman Islands .............Latin America, excluding

Caribbean financial centers 1 ... Brazil ..................... Mexico ....................Asia 1 ...................... Japan ..................... Hong Kong ................. China 2 .................... Korea, South ............... Taiwan 2 ...................Africa 1 ..................... South Africa ................Other countries 1 ............. Australia ...................

Bonds

2009,

prel.3,977 .41,888.9583.2269.5269.3197.8108.793.060.547.745.8289.2390.6193.3133.1295.8185.974.4923.3373.2107.283.983.376.953.146.1136.6121.0

Country

Total holdings . . . . . . . . . . . . .Europe 1 .................... United Kingdom ............. Belgium & Luxembourg ....... Germany .................. Netherlands ................ France .................... Ireland .................... Sweden ...................Canada ....................Caribbean financial centers 1 .... Cayman Islands ............. Bermuda ..................Latin America, excluding

Caribbean financial centers 1 ... Brazil ..................... Mexico ....................Asia 1 ...................... Japan ..................... Korea, South ...............Africa ......................Other countries 1 ............. Australia ...................

2007

1,587 .1798.7296.748.976.484.678.350.229.1185.2296.3271.316.779.116.223.9118.949.19.89.099.873.3

20081,237 .3571.2189.043.474.975.952.722.620.2165.9227.2202.419.265.918.919.0103.239.710.56.197.771.0

2009, prel.1,493 .6679.7191.1134.782.665.248.230.021.8215.5227.8205.427.185.930.624.1110.438.721.16.2168.2126.9

20075,248 .02,569.4734.7281.0347.8329.2154.0106.696.957.471.7379.0588.6256.1231.9293.8172.685.41,193.7529.2119.595.7129.281.065.649.1157.9138.1

20082,748 .4 1,378.9 393.3 214.3 212.2 159.9 76.663.3 47.0 30.3 31.6 180.2 283.1 143.3 95.2 137.3 72.1 46.0 659.2 347.6 61.5 53.3 45.3 41.2 35.6 29.6 74.1 65.2

Includes other countries, not shown separately. 2 See footnote 3, Table 1205.

Source: U.S. Bureau of Economic Analysis, Survey of Current Business, July 2010.

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 747

Table 1204. Foreign Purchases and Sales of U.S. Securities by Type of Security, 1990 to 2009, and by Selected Country, 2009

[In billions of dollars (18.7 represents $18,700,000,000). Covers transactions in all types of long-term domestic securities by foreigners as reported to the Treasury International Capital Reporting System by banks, brokers, and other entities in the United States (except nonmarketable U.S. Treasury notes, foreign series; and nonmarketable U.S. Treasury bonds and notes, foreign currency series). See headnote, Table 1202. Excludes U.S. equities acquired through mergers and reincorporations that involve stock swaps. Also excludes principal repayment flows on foreign holdings of U.S. government agency and corporate asset-backed securities (ABS). Including stock swaps and accounting for ABS repayment flows, net purchases of U.S. securities was $436 billion in 2009. Minus sign (–) indicates net sales by foreigners or a net outflow of capital from the United States]

Net purchasesTotal transactions 4

U.S. gov-U.S. gov-

Treasury ernment Treasury ernment Year and countrybonds corpora-Cor-Cor-bonds corpora-Cor-Cor-

and tions 2 porate porate and tions 2 porate porate

Totalnotes 1bondsbonds 3stocksTotalnotes 1bondsbonds 3stocks

1990. . . . . . . . . . . . . . . .18.717.96.39.7–15.14,2043,6201041173622000. . . . . . . . . . . . . . . .457.8–54.0152.8184.1174.916,9107,7951,3057757,0362001. . . . . . . . . . . . . . . .520.818.5164.0222.0116.420,00310,5172,2391,2605,9862002. . . . . . . . . . . . . . . .547.6119.9195.1182.350.225,49814,4093,2611,4596,3692003. . . . . . . . . . . . . . . .719.9263.6155.8265.734.726,33215,7392,7251,6946,1742004. . . . . . . . . . . . . . . .916.5352.1226.4309.528.529,44117,5202,1922,0337,6962005. . . . . . . . . . . . . . . .1,011.5338.1219.3372.282.032,42519,7641,9762,1829,3822006. . . . . . . . . . . . . . . .1,143.2195.5286.5510.8150.439,72521,7202,8582,84613,5872007. . . . . . . . . . . . . . . .1,005.8198.0219.0393.4195.556,62430,0573,8823,43321,0832008. . . . . . . . . . . . . . . .411.7315.0–39.094.241.560,99228,9415,2182,84123,992 2009 total 5 . . . . . . . . .639 .1538 .5–11 .5–40 .7152 .840,32422,6482,0982,42013,158United Kingdom .......212.8171.020.3–12.333.813,90210,5764621,1141,750Cayman Islands .......2.52.4–23.0–3.626.77,8282,3204104944,604France ..............27.017.813.0–3.90.26,4264,15760292,181Canada .............48.741.32.26.8–1.61,5477816086619Japan ...............128.2129.5–13.5–1.613.81,5401,08725669128Bermuda ............9.55.83.03.3–2.51,1691117975905Bahamas, The ........0.1–0.0–0.71.4–0.78403908130312British Virgin Islands ...3.8–5.3–0.20.19.3818176440599Anguilla .............–1.8–2.4–0.70.30.96543212619China 6 ..............98.8123.5–24.7–4.14.0453335711335Israel ...............1.90.40.2–0.21.54464093429Ireland ..............–18.0–3.0–4.5–12.01.6394187823987123 Marketable bonds and notes. Includes federally sponsored agencies. Includes transactions in directly placed issues abroad by U.S. corporations and issues of states and municipalities. 4 Total purchases plus total sales. 5 Includes other countries not shown separately. 6 See footnote 3, Table 1205.

Source: U.S. Department of Treasury, Treasury Bulletin, quarterly.

Table 1205. Foreign Holdings of U.S. Securities by Country: 2007 to 2009

[In billions of dollars (2,376.4 represents $2,376,400,000,000). Covers only private holdings of U.S. securities, except as noted. See also Table 1288]

2009, 2009, Country20072008prel.20072008prel

U .S . Treasury securities 1, 2 . . . . .2,376 .43,251 .43,697 .2Hong Kong .................35.123.428.5China 3 ........................486.8808.31,036.0China 3 ....................56.127.815.1Japan .........................616.8660.1760.7OPEC Asia 4 ...............16.013.08.5OPEC Asia 4 ...................116.1180.6177.3Africa .....................3.53.42.4Brazil .........................135.5140.1170.0Other countries 2 ............44.748.253.0Russia ........................41.1133.8156.9 Australia ..................32.228.928.9Hong Kong .....................54.578.2148.3Taiwan 3 .......................52.694.5115.7 Corporate stocks . . . . . . . . .2,900 .91,850 .22,445 .9Belgium and Luxembourg .........94.6112.9104.3Europe 2 ...................1,560.8964.31,244.4Switzerland ....................42.073.689.0 United Kingdom ............443.7282.8375.7Cayman Islands .................50.4104.876.8 Belgium and Luxembourg ....246.3147.4189.5Switzerland ................173.2118.0159.2 Corporate and agency bonds . . .3,289 .12,770 .62,841 .2Netherlands ................193.1124.6155.6Europe 2 .......................2,068.31,753.21,782.9 France ...................144.187.3104.6 Belgium and Luxembourg ........753.0668.9719.1 Ireland ...................82.156.073.4 United Kingdom ................709.3566.0543.2 Germany .................99.245.354.3 Ireland .......................168.7153.0151.1 Sweden ..................50.231.442.7Switzerland ....................97.798.8101.2Canada ...................353.0234.2293.5Germany ......................113.490.588.0Caribbean financial centers 2 ...500.7305.0416.6 Netherlands ...................104.284.780.7 Cayman Islands ............324.3214.9295.3 France .......................58.441.048.7 Bermuda .................76.038.343.6Canada .......................78.063.864.3Latin America, excludingCaribbean financial centers 2 .......590.4480.2509.7 Caribbean financial centers ...49.439.155.8 Cayman Islands ................430.7336.8349.2Asia 2 .....................332.4239.7345.0 Bermuda .....................119.8109.5120.2 Japan ....................217.0161.9222.8Latin America, excluding Singapore ................44.720.030.5 Caribbean financial centers 2 .....50.033.830.3Africa .....................9.15.15.7 Mexico .......................24.812.45.4Other countries 2 ............95.562.884.9Asia 2 .........................454.2388.0398.7 Australia ..................88.057.375.9Japan .........................286.7265.2276.7Taiwan 3 .......................30.736.446.6

12 Includes foreign official holdings. Includes other countries not shown separately. 3 With the establishment of diplomaticrelations with China on January 1, 1979, the U.S. government recognized the People’s Republic of China as the sole legal government of China and acknowledged the Chinese position that there is only one China and that Taiwan is part of China. 4 Comprises Indonesia, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates.

Source: U.S. Bureau of Economic Analysis, Survey of Current Business, July 2010.Country

748 Banking, Finance, and InsuranceU.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1206. Stock Prices and Yields: 2000 to 2009

[Closing values as of end of December, except as noted]

Index

STOCK PRICES

Standard & Poor’s indices: 1

S&P 500 composite (1941–43 = 10) ................. S&P 400 MidCap Index (1982 = 100) ................ S&P 600 SmallCap Index (Dec. 31, 1993 = 100) ....... S&P 500 Citigroup Value Index (Dec. 31, 1974 = 35) .... S&P 500 Citigroup Growth Index (Dec. 31, 1974 = 35) ...Russell indices: 2

Russell 1000 (Dec. 31, 1986 = 130) ................. Russell 2000 (Dec. 31, 1986 = 135) ................. Russell 3000 (Dec. 31, 1986 = 140) .................N.Y. Stock Exchange common stock index:

Composite (Dec. 31, 2002 = 5000) .................. Yearly high .................................... Yearly low .....................................American Stock Exchange Composite Index

(Dec. 29, 1995 = 550) ............................NASDAQ Composite Index (Feb. 5, 1971 = 100)

Nasdaq-100 (Jan. 31, 1985 = 125) .................. Industrial (Feb. 5, 1971 = 100) ...................... Banks (Feb. 5, 1971 = 100) ........................ Computers (Oct. 29, 1993 = 200) ................... Transportation (Feb. 5, 1971 = 100) .................. Telecommunications (Oct. 29, 1993 = 200) ............ Biotech (Oct. 29, 1993 = 200) ......................Dow-Jones and Co., Inc.:

Composite (65 stocks) ............................ Industrial (30 stocks) ............................ Transportation (20 stocks) ........................ Utility (15 stocks) ...............................Dow-Jones Wilshire 5000 Composite Index 3

(December 31, 1980 = 1,405) 3 .....................COMMON STOCK YIELDS (percent)

Standard & Poor’s Composite Index (500 stocks): 4

Dividend-price ratio 5 ............................. Earnings-price ratio 6 .............................

2000

2004

2005

2006

2007

2008

2009

1,3205172206366887004847266,9467,1656,0958982,4712,3421,4831,9391,2951,1604631,0853,31710,7872,94741212,1761.153.63

1,2126633296265826516526947,2507,3736,2111,4342,1751,6211,8583,2189652,2291987693,39610,7833,79833511,9711.724.89

1,2487383516485976796737237,7547,8686,9031,7592,2051,6451,8603,0789922,4381847903,63810,7184,19640512,5181.835.36

1,4188044007646537707888229,1399,1887,7082,0562,4151,7572,0903,4171,0532,5822357984,12112,4634,56045714,2581.875.78

1,4688583957617038007668499,74010,3878,3442,4102,6532,0852,1792,6631,2832,6732578354,39413,2654,57153314,8201.865.29

9035382694474514884995215,7579,7134,6071,3981,5771,2121,1912,0266841,8851467303,0868,7763,5373719,0872.373.54

1,1157273335255826126256537,1857,2884,1821,8252,2691,8601,7481,6511,1681,9512178443,56710,4284,10039811,4972.014.55

Standard & Poor’s Indices are market-value weighted and are chosen for market size, liquidity, and industry grouprepresentation. The S&P 500 index represents 500 large publicly-traded companies. The S&P MidCap Index tracks mid-cap companies. The S&P SmallCap Index consists of 600 domestic small-cap stocks. 2 The Russell 1000 and 3000 indices show

respectively the 1000 and 3000 largest capitalization stocks in the United States. The Russell 2000 index shows the 2000 largest capitalization stocks in the United States after the first 1000. 3 Dow-Jones Wilshire 5000 Composite Index (full-cap) measuresthe performance of all U.S. headquartered equity securities with readily available prices. Source: Dow-Jones & Company, Inc., New York, NY, Dow-Jones Indexes, (copyright). 4 Source: U.S. Council of Economic Advisors, Economic Indicators, monthly.5

Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing prices. Averages of monthly figures. 6 Averages of quarterly ratios which are ratio of earnings (after taxes) for 4 quarters endingwith particular quarter-to-price index for last day of that quarter.

Source: Except as noted, Global Financial Data, Los Angeles, CA, (copyright), </>.

Table 1207. Dow Jones U.S. Total Market Index by Industry: 2000 to 2009

[As of end of year]

Industry

U .S . Total Market Index, total . . .Basic materials ................Consumer goods ...............Consumer services .............Oil and gas ...................Financial .....................Health care ...................Industrials ....................Technology ...................Telecommunications ............Utilities .......................

2000306 .88154.49219.82279.11272.96440.91360.18276.11749.01210.38177.80

2004289 .38200.33266.44306.85319.76492.54295.22272.24499.78136.84136.79

2005302 .37205.79265.88298.62422.12510.02315.50280.72513.48126.90152.41

2006343 .25236.22298.60338.32510.72592.98332.38314.41561.85168.11178.78

2007357 .48307.92320.39310.76679.31474.23354.89351.44645.98179.65204.52

2008219 .66147.91231.71211.93429.60226.52268.73207.77365.85115.34137.79

2009276 .57239.44278.07278.96494.01258.79320.51255.47595.55119.63148.29

Source: Dow-Jones & Company, Inc., New York, NY, Dow-Jones Indexes (copyright).

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 749

Table 1208. Transaction Activity in Equities, Options, and Security Futures, 1990 to 2009, and by Exchange, 2009

[In billions of dollars (2,229 represents $2,229,000,000,000). Market value of all sales of equities and options listed on an exchange or subject to last-sale reporting. Also reported are the value of such options that were exercised and the value of single-stock futures that were delivered. Excludes options and futures on indexes]

Market value of sales (billion dollars)

Year and exchange

1990. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2002. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2003. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2004. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2007. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2008. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2009, total 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BATS Exchange, Inc. 2 ......................The Boston Stock Exchange .................Chicago Board Options Exchange, Inc .........FINRA, Inc. 3 .............................International Securities Exchange, Inc .........The Nasdaq Stock Market LLC ...............National Stock Exchange ...................New York Stock Exchange, Inc ...............NYSE Arca, Inc. 4 ..........................Philadelphia Stock Exchange, Inc .............

Total2,22936,27523,02822,73727,87634,56843,94166,13682,01259,8506,52398066716,3481,36114,4013007,80710,382532

Equity trading

2,15435,55722,65822,29227,15833,22341,79863,06478,65357,5666,52390013816,34879814,3383007,80710,023

–

Option trading

2748516116xxxxxxxxxxxx1,096710–24165–17319––110170

Option exercises

and futures deliveries

482332092824959951,6112,2112,2641,574

–56364–39043––249362

– Represents zero. 1 Includes other exchanges not shown separately. 2 Better Alternative Trading System 3 Financial Industry Regulatory Authority. 4 NYSE Arca, formerly Archipelago, is a fully electronic stock exchange.

Source: U.S. Securities and Exchange Commission, “Select SEC and Market Data,” <http://www.sec.gov/about.shtml>.

Table 1209. Volume of Trading on New York Stock Exchange: 1990 to 2009

[39,946 represents 39,946,000,000. Round lot: A unit of trading or a multiple thereof. On the NYSE the unit of trading is generally 100 shares in stocks. For some inactive stocks, the unit of trading is 10 shares. Odd lot: An amount of stock less than the established 100-share unit or 10-share unit of trading]Item

Shares traded . . . . . . .Round lots ............ Average daily shares ... High day ............ Low day .............Odd lots .............. Value of shares

traded . . . . . . . . . . . .Round lots ............Odd lots ..............

UnitMillion . . . .Million ....Million ....Million ....Million ....Million ....Bil . dol . . . .Bil. dol. ....Bil. dol. ....

1990xxxxxxxxxxxx005 1200620072008200939,946265,499356,767372,718523,811597,720671,402806,883738,19339,665262,478352,398367,099516,743588,127664,020802,170738,1931571,0421,3981,4572,0512,3432,6453,1712,9292921,5611,8862,6903,6283,8535,5057,3425,0435xxxxxxxxxxxx7979178495852823,0214,3705,6197,0689,5937,3834,713(2)1,3361,32511

11,20511,060145

9,8479,692154

11,84111,618223

18,17417,858316

22,24721,790458

28,80528,428378

28,27228,080192

17,56217,562

(2)

Beginning 2005, reflects trades of NYSE Group. 2 This is a discontinued data series because this data in no longer collected due to the rescinding of the rules 440F & 440G.

Source: New York Stock Exchange, Inc., New York, NY, “Facts & Figures,” </factbook> (copyright).

Table 1210. Stock Ownership by Age of Head of Family and Family Income: 2001 to 2007

[Median value in thousands of constant 2007 dollars (40.4 represents $40,400). Constant dollar figures are based on consumer price index data published by U.S. Bureau of Labor Statistics. Families include one-person units; for definition of family, see text, Section 1. Based on Survey of Consumer Finance; see Appendix III. For definition of median, see Guide to Tabular Presentation]Age of family head and family income (constant

(2007) dollars) All families . . . . . . . . . .Under 35 years old .....35 to 44 years old ......45 to 54 years old ......55 to 64 years old ......65 to 74 years old ......75 years old and over ...Percentiles of income: 2 Less than 20 ......... 20 to 39.9. . . . . . . . . . . . 40 to 59.9. . . . . . . . . . . . 60 to 79.9. . . . . . . . . . . . 80 to 89.9. . . . . . . . . . . . 90 to 100 ............

Families having direct or indirect stock holdings 1

(percent)20012004200752 .250 .251 .149.040.838.659.554.553.559.356.560.457.462.858.940.046.952.135.734.840.112.934.152.575.782.089.7

11.729.651.769.983.892.7

13.634.049.570.584.491.0

Median value among families

with holdings200140 .48.232.258.594.2175.8128.78.89.117.533.575.6289.7

200435 .78.822.054.978.076.994.38.211.016.528.760.9225.2

200735 .07.026.045.078.057.041.06.58.817.734.162.0219.0

Stock holdings share of total financial assets (percent)200156 .152.557.259.156.255.451.837.435.646.852.057.360.5

200451 .340.353.553.855.051.539.332.030.943.441.748.857.5

200753 .344.353.753.055.055.348.139.034.338.352.549.357.6

Indirect holdings are those in retirement accounts and other managed assets. 2 See footnote 8, Table 1169.

Source: Board of Governors of the Federal Reserve System, “2007 Survey of Consumer Finances,” February 2009, <http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007home.html\>.

750 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1211. Households Owning Mutual Funds by Age and Income: 2000 and 2009

[In percent. Ownership includes money market, stock, bond, and hybrid mutual funds, variable annuities, and mutual funds

owned through Individual Retirement Accounts (IRAs), Keoghs, and employer-sponsored retirement plans. In 2009, an estimated 51,200,000 households own mutual funds. The May 2009 survey included a sample of 4,201 randomly selected households; for details, see source. For definition of mutual fund, see headnote, Table 1213]

Percent As a percent of all Age of household head and Percent As a percent of all Age of household head and householdshouseholdsdistribution, distribution, household income 1, 2household income 1, 2

200920002009200920002009

Total . . . . . . . . . . . . . . . . . .1004543Less than $25,000 ........61310Less than 35 years old .....173633$25,000 to $34,999 .......5332035 to 44 years old .........215549$35,000 to $49,999 .......13463945 to 54 years old .........275954$50,000 to $74,999 .......21665055 to 64 years old .........195048$75,000 to $99,999 .......19756865 years old and over ......162633$100,000 to $199,999 .....298476

$200,000 and over ........75677 Age is based on the sole or co-decision maker for household saving and investing. 2 Total reported is household income

before taxes in prior year.

Source: Investment Company Institute, Washington, DC, Fundamentals, Investment Company Institute Research in Brief,Vol. 18, No. 17, December 2009 (copyright).

Table 1212. Characteristics of Mutual Fund Owners: 2009

[In percent, except as indicated. Mutual fund ownership includes holdings of money market, stock, bond, and hybrid mutual funds; and funds owned through variable annuities, Individual Retirement Accounts (IRAs), Keoghs, and employer-sponsored retirement plans. Based on a national probability sample of 1,805 primary financial decision-makers in households with mutual fund

investments. For definition of mutual fund, see headnote, Table 1213. For definition of median, see Guide to Tabular Presentation]

Under 40 years

old3376,00050,000

89793230,000

7747

Age40 to 64 years old5187,500200,000

826932100,000

7949

65 years old and over7250,000320,000

472827150,000

6950

Less than $50,000

5435,00045,000

59472330,000

6636

Household income

$50,000 $100,000 $150,000

to to or $99,000$149,000more

49484872,000113,400190,000100,000

82683160,000

7850

200,000

907237100,000

7949

500,000

827237250,000

8764

Characteristic

Median age (years) .............Median household income 2 (dol.) ...Median household financial assets 3 (dollars) ......................Own an IRA ....................Household with defined contribution retirement plan(s) 4 ............ 401(k) plan .................... 403(b), state, local, or federal

government plan ..............Median mutual fund assets (dol.) ...Own:

Equity funds ................... Bond funds ...................

Total5080,000150,000

78653180,000

7749

See Table 1211, footnote 1. 2 See Table 1211, footnote 2. 3 Includes assets in employer-sponsored retirement plans but excludes value of primary residence. 4 For definition of defined contribution plan, see headnote, Table 550.

Source: Investment Company Institute, Washington, DC, Profile of Mutual Fund Shareholders, 2009, Winter 2010 (copyright).

Table 1213. Mutual Funds—Summary: 1990 to 2009

[Number of funds and assets as of December 31 (1,065 represents $1,065,000,000,000). A mutual fund is an open-end investment company that continuously issues and redeems shares that represent an interest in a pool of financial assets. Excludes data for funds that invest in other mutual funds. Minus sign (–) indicates net redemptions]Type of fund

Number of funds, total . . . . . . . . . .Equity funds .....................Hybrid funds ....................Bond funds .....................Money market funds, taxable 1 ......Money market funds, tax-exempt 2 ... Assets, total . . . . . . . . . . . . . . . . . . .Equity funds .....................Hybrid funds ....................Bond funds .....................Money market funds, taxable 1 ......Money market funds, tax-exempt 2 ... Net sales:

Equity, hybrid and bond funds .......Money market funds, taxable 1 ......Money market funds, tax-exempt 2 ...

UnitNumber . . .Number ...Number ...Number ...Number ...Number ...Bil . dol . . . .Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....

19903,0791,0991931,0465062351,065239362914158451367

20008,1554,3855232,2087033366,9653,9623468111,60723830019231

20038,1264,5995082,0456623127,4143,6844301,2481,764288282–252

20048,0414,5475102,0416393048,1074,3845191,2901,603310293–15716

2005200620077,9758,1178,0264,5864,7694,7635055084892,0131,9931,9695955745462762732598,90510,39712,0014,9405,9116,5165676537191,3571,4941,6801,7071,9722,6213343664653036724

36925533

40562390

200820098,0227,6914,8284,6594934741,9181,8535354782482279,60311,1213,7044,9584996411,5672,2063,3412,919491397–960426

512–425–87

Funds invest in short-term, high-grade securities sold in the money market. 2 Funds invest in municipal securities withrelatively short maturities.

Source: Investment Company Institute, Washington, DC, Mutual Fund Fact Book, annual (copyright).

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 751

Table 1214. Mutual Fund Shares—Holdings and Net Purchases by Type of Investor: 2000 to 2009

[In billions of dollars (4,433 represents $4,433,000,000,000). Holdings as of Dec. 31. For definition of mutual fund, see headnote, Table 1213. Excludes money market mutual funds. Minus sign (–) indicates net sales]

Type of investor

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Households, nonprofit organizations ..........Nonfinancial corporate business .............State and local governments ................Rest of the world .........................Commercial banking ......................Credit unions ............................Property-casualty insurance companies .......Life insurance companies ..................Private pension funds .....................State and local government retirement funds ...

20004,4332,704122311491523971,132178

20056,0493,8391563024217261091,399248

Holdings

200720087,8295,4354,8322183437330271881,848296

3,4451432726220241211,230181

20097,0024,4171634433847151411,619228

2000237 .666.73.51.2–9.22.5–0.30.45.6117.349.9

Net purchases

200520072008260 .2364 .731 .0228.16.70.832.2–1.8–1.00.3–9.910.2–5.5

243.02.02.238.23.6––0.531.350.2–5.3

–5.4–6.88.65.31.3––0.4–10.739.9–0.8

2009 494 .6416.9–6.811.223.815.4–0.70.1–36.1–1.4

– Represents or rounds to zero.

Table 1215. Retirement Assets by Type of Asset: 1990 to 2009

[In billions of dollars, except as indicated (3,923 represents $3,923,000,000,000). As of December 31]Institution

Retirement assets, total . . . . . . . . . . . . . .IRA assets ............................ Bank and thrift deposits 3 ................ Life insurance companies 4 .............. Mutual funds ......................... Securities held in brokerage accounts 5 .... Traditional ........................... Roth ................................ SEP and SAR-SEP 6 ................... SIMPLE 7 ............................Defined contribution plans ................ 401(k) plans .......................... 403(b) plans .......................... 457 plans ............................ Other defined contribution plans 8 .........State and local government pension plans ...Private defined benefit plans ..............Federal pension plans 9 ..................Annuities 10 ...........................Memo:

Mutual fund retirement assets ............Percent of total retirement assets ..........Percent of all mutual funds ...............

19903,92363726640139191(NA)(X)(NA)(X)892(NA)(NA)(NA)(NA)74292xxxxxxxxxxxx

200011,6962,6292502031,2399372,40778134102,9701,7255181106182,3402,0097979512,5302236

200413,7823,2992692831,5091,2382,957140169343,3442,189xxxxxxxx32,6212,1621,0231,3323,1432339

200514,8621

3,6522783081,6881

1,378

200616,7482

4,2073133182,0152

1,562

200718,0212

4,7843401

3252,2882

1,831

200813,9891

3,5793911

3101,5851

1,293

200915,9631

4,2304311

3031,9531

1,544

3,2591

1601

1911

423,6222,3966171434662,7632,3101,0721,4433,5262440

3,7222

1962

2362

524,1452,7686891585313,1752,5571,1411,5214,1742540

4,2232

2332

2662

634,4412,9827311735553,3152,6911,1971,5924,6972639

3,1671

1731

1931

463,453 2,2756111404272,4251,9571,2211,3553,2242334

3,7221

2151

2351

584,088 2,7546821694832,7662,1481,3241,4074,0542536

NA Not available. X Not applicable. 1 Data are estimated. 2 Data are preliminary. 3 Includes Keogh deposits. 4 Annuities held by IRAs, excluding variable annuity mutual fund IRA assets. 5 Excludes mutual fund assets held through brokerage accounts, which are included in mutual funds. 6 Simplified Employee Pension IRAs and salary reduction (SAR) SEP IRAs. 7 Savings Incentive Match Plan for Employees (SIMPLE) IRAs. 8 Includes Keoghs and other defined contribution plans (profit-sharing, thrift-savings, stock bonus, and money purchase) without 401(k) features. 9 Federal pension plans include U.S. Treasury security holdings of the civil service retirement and disability fund, the military retirement fund, the judicial retirement funds, the Railroad Retirement Board, and the foreign service retirement and disability fund. These plans also include securities held in the National Railroad Retirement Investment Trust and Federal Employees Retirement System (FERS) Thrift Savings Plan (TSP). 10 Annuities include all fixed and variable annuity reserves at life insurance companies less annuities held by IRAs, 403(b) plans, 457 plans, and private pension funds. Some of these annuity reserves represent assets of individuals held outside retirement plan arrangements and IRAs; however, information to separate out such reserves is not available.

Source: Investment Company Institute, Washington, DC, Research Fundamentals, “The U.S. Retirement Market, 2009,” Vol. 19, No. 3, May 2010. See also </pdf/fm-v19n3.pdf>.

752 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1216. Assets of Private and Public Pension Funds by Type of Fund: 1990 to 2009

[In billions of dollars (3,269 represents $3,269,000,000,000). As of end of year. Except for corporate equities, represents book value. Excludes social security trust funds; see Table 545]Type of pension fund

Total, all types . . . . . . . . . . . . . . . . . . . . . .Private funds .......................... Insured 1 ............................ Noninsured 2, 3 ........................ Credit market instruments 3 ............. Agency- and GSE-backed securities 4 .... Corporate and foreign bonds ........... Corporate equities .................... Mutual fund shares ................... Unallocated insurance contracts 5 ........State and local government employee

retirement funds 3 ..................... Credit market instruments 3 ............. Agency- and GSE-backed securities 4 .... Corporate and foreign bonds ........... Corporate equities ....................Federal government retirement funds 6 ......

19903,2692,1995701,6294641331xxxxxxxxxxxx40263142285340

20009,0845,9941,5264,4686221972661,9711,1323082,2937431793141,299797

20039,6316,3231,8034,5206532242752,0971,1273172,3496582352071,421958

200410,5516,9502,0284,9226552352682,3381,2783282,5786752592141,6011,023

200511,2927,5002,1975,3027002522902,5421,3993382,7216932582281,7161,072

200612,5928,3422,3326,0107582693182,8751,6583883,1088253112971,9261,141

200713,2438,8292,4386,3918612973572,8631,8484443,2168563342881,9861,197

200810,2996,7512,1514,6009513184001,6651,2303522,3278513412891,2121,221

200911,6777,6792,2225,4579762904241,9461,6194582,6738353312891,5261,324

Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds. 2 Private defined benefit plans and defined contribution plans (including 401(k) type plans). 3 Includes other types of assets not shown sepa-rately. 4 GSE = Government-sponsored enterprises. 5 Assets held at life insurance companies (e.g., guaranteed investment con-tracts (GICs), variable annuities). 6 Includes the Federal Employees Retirement System Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

Table 1217. Annual Revenues of Selected Securities Industries: 2003 to 2008

[In millions of dollars (311,525 represents $311,525,000,000). For taxable and tax-exempt employer firms only. Based on Service Annual Survey. Estimates have been adjusted to the results of the 2002 Economic Census. See Appendix III]

Kind of business

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Securities and commodity contracts ......... Investment banking & securities dealing ..... Securities brokerage .................... Commodity contracts dealing ............. Commodity contracts brokerage ...........Other financial investment activities 2 ........ Portfolio management ................... Investment advice ......................

NAICS code 1523x5231523115231252313523145239x5239252393

2003311,525225,299108,306110,6893,3292,97586,22671,53514,691

2004349,166250,080127,257115,6263,858(S)99,08680,87218,214

2005384,401271,876140,371123,1955,0863,224112,52590,68221,843

2006461,403330,598175,820144,5985,9074,273130,805104,27826,527

2007464,494317,789162,575143,0387,1445,032146,705117,39329,312

2008296,630159,27622,762123,4447,8645,206137,354109,33128,023

S Estimate does not meet publication standards. 1 Data for 2003 are based on the 1997 North American Industry Classification System. Data 2004 through 2008 are based on 2002 NAICS; see text, this section and Section 15. 2 Excludes NAICS 52391(miscellaneous intermediation) and NAICS 52399 (all other financial investment activities).

Source: U.S. Census Bureau, “Service Annual Survey: 2008,” January 2010, <http://www.census.gov/services /index.html>.

Table 1218. Securities Industry—Financial Summary: 1990 to 2008

[In billions of dollars, except as indicated. (71.4 represents $71,400,000,000). Minus sign (–) indicates negative gain]Type

Number of firms ................. Revenues, total . . . . . . . . . . . . . . .Commissions ...................Trading/investment gains ..........Underwriting profits ..............Margin interest ..................Mutual fund sales ...............Other ......................... Expenses, total . . . . . . . . . . . . . . .Interest expense ................Compensation ..................Commissions/clearance paid .......Other ......................... Net income, pretax . . . . . . . . . . .Pre-tax profit margin (percent) ......Pre-tax return on equity (percent) ...Assets ........................Liabilities ......................Ownership equity ................

1990

8,43771 .412.015.73.73.23.233.470 .628.122.93.016.60 .81.12.265762334

20007,258349 .554.170.818.724.519.4161.9310 .4131.995.215.567.839 .111.231.12,8662,728138

20026,768221 .845.024.214.76.415.7115.8206 .556.474.915.060.315 .36.910.73,2613,119142

20036,565219 .045.538.817.25.316.296.0193 .344.477.416.355.125 .711.717.63,9803,831149

20046,284242 .947.630.719.17.018.5120.1219 .759.783.517.459.223 .29.515.04,8314,671160

20056,016332 .546.830.719.913.320.7201.2311 .3140.288.818.663.621 .26.413.15,2155,051164

20065,808458 .549.755.223.623.723.3282.9419 .9226.1103.422.068.438 .68.422.16,2226,037185

20075,562496 .554.44.126.532.326.2353.0491 .5282.2106.325.977.05 .11.02.76,7776,591186

20085,178296 .655.2–55.316.318.122.1240.2320 .1122.795.026.476.0–23 .6–7.9–12.84,4414,261181

Source: U.S. Securities and Exchange Commission, “Select SEC and Market Data Fiscal 2009,” forthcoming, <http://www.sec.gov/about/secstats2009.pdf>.

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Banking, Finance, and Insurance 753

Table 1219. Life Insurance in Force and Purchases in the United States—Summary: 1990 to 2008

[As of December 31 or calendar year, as applicable (389 represents 389,000,000). Covers life insurance with life insurance

companies only. Data represents all life insurance in force on lives of U.S. residents whether issued by U.S. or foreign companies]

Life insurance in force

Number of Value (bil. dol.)policies,

total (millions)Total 1Individual

3899,3935,39136915,9539,37637516,3469,31237917,0449,65537317,5089,71737318,3999,97037519,11210,05737419,53910,23233519,12010,254

Life insurance purchases 2

Number (1,000)Amount (bil. dol.)

Group

3,7546,3766,8767,2367,6318,2638,9069,1588,717

TotalIndividual28,79114,19934,88213,34538,71314,69235,76713,82138,45312,58134,51911,40729,28710,90830,78810,82628,59910,207

Group

14,59221,53724,02021,94625,87223,11218,37819,96218,392

TotalIndividual1,5291,0702,5151,5942,7671,7532,8231,7732,9481,8462,8361,7962,8351,8132,9941,8912,9431,870

Group

4599211,0141,0501,1021,0401,0221,1031,073

Year

1990. . . . . . . . . .2000. . . . . . . . . .2002. . . . . . . . . .2003. . . . . . . . . .2004. . . . . . . . . .2005. . . . . . . . . .2006. . . . . . . . . .2007. . . . . . . . . .2008. . . . . . . . . .

Includes other types of policies not shown separately. 2 Excludes revivals, increases, dividend additions, and reinsurance acquired. Includes long-term credit insurance (life insurance on loans of more than 10 years’ duration).

Source: American Council of Life Insurers, Washington, DC, Life Insurers Fact Book, annual (copyright).

Table 1220. U.S. Life Insurance Companies—Summary: 1990 to 2008

[As of December 31 or calendar year, as applicable (402.2 represents $402,200,000,000). Covers domestic and foreign business of U.S. companies. Beginning 2000, includes annual statement data for companies that primarily are health insurance companies. Beginning 2003, includes fraternal benefit societies]Item

U.S. companies 1 ..............Income . . . . . . . . . . . . . . . . . . . . . Life insurance premiums ....... Annuity considerations 2 ....... Health insurance premiums ..... Investment and other .......... Payments under life insurance and annuity contracts ........ Payments to life insurance

beneficiaries ............... Surrender values under life insurance 3 ................. Surrender values under. annuity contracts 3, 4 ................ Policyholder dividends ......... Annuity payments 4 ........... Matured endowments ......... Other payments .............. Health insurance benefit

payments ..................

BALANCE SHEET

Assets . . . . . . . . . . . . . . . . . . . . . . Government bonds ........... Corporate securities .......... Percent of total assets ....... Bonds .................... Stocks .................... Mortgages .................. Real estate ................. Policy loans ................. Other ......................Interest earned on assets 5 ......Obligations and surplus funds 6 ... Policy reserves . . . . . . . . . . . . . Annuities 7 ................. Group .................... Individual ................. Supplementary contracts 8. . . . . Life insurance .............. Health insurance ............ Liabilities for deposit-type

contracts 9 ................. Capital and surplus ...........

UnitNumber ...Bil . dol . . . .Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil . dol . . . .Bil. dol. ....Bil. dol. ....Percent ...Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Percent ...Bil. dol. ....Bil . dol . . . .Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....Bil. dol. ....

19902,195402 .276.7129.158.3138.288.424.618.0(NA)12.032.60.70.640.01,4082117115058312827043631108.891,4081,19779851628217349331891

20001,269811 .5130.6306.7105.6268.5375.244.127.2214.020.068.70.60.678.83,1823642,238701,24199xxxxxxxxxxxx.053,1822,7121,841960881347429621188

20021,284734 .0134.5269.3108.7221.5301.348.232.9142.921.055.00.60.678.73,3804812,266671,475791251331052445.383,3802,5071,55057098xxxxxxxxxxxx02

20031,227727 .0127.3268.6115.8215.3307.151.735.9140.320.857.10.60.781.93,8875382,666691,6441,022269311072765.033,8882,8951,8356621,173xxxxxxxx405231

20041,179756 .8139.7276.7125.8214.7331.751.635.5162.919.061.20.60.988.54,2535632,965701,7851,180xxxxxxxx3034.804,2533,1602,0247121,31216988134445250

20051,119779 .0142.3277.1118.3241.4365.753.039.2190.317.963.90.60.779.64,4825903,136701,8501,28xxxxxxxxxxxx.904,4823,3602,1747581,415161,029141456256

20061,072883 .6149.2302.7141.2290.4422.755.738.5237.818.471.10.60.697.04,8235793,413711,8821,531314331133715.354,8233,6082,3288071,521171,110153487266

20071,009950 .4142.7314.2151.5342.0461.058.047.7262.319.572.30.60.6106.15,0925613,628711,9571,670336351174155.715,0923,7912,4588431,615181,148xxxxxxxx2

2008976940 .6147.2328.1165.0300.3445.159.958.6236.719.169.60.60.6118.94,6486343,104671,9681,13xxxxxxxxxxxx.704,6483,4712,1377161,422131,134xxxxxxxx3

NA Not available. 1 Beginning 2000, includes life insurance companies that sell accident and health insurance. 2 Beginning 2001, excludes certain deposit-type funds from income due to codification. 3 Beginning with 2000, “surrender values” include

annuity withdrawals of funds, which were not included in 1990. 4 Beginning 2001, excludes payments under deposit-type contracts. 5

Net rate. 6 Includes other obligations not shown separately. 7 Beginning 2001, excludes reserves for guaranteed interest contracts (GICs). 8 Through 2000, includes reserves for contracts with and without life contingencies; beginning 2001, includes only reserves for contracts with life contingencies. 9 Policyholder dividend accumulations for all years. Beginning 2001, also includes liabilities for guaranteed interest contracts, supplementary contracts without life contingencies, and premium and other deposits.

Source: American Council of Life Insurers, Washington, DC, Life Insurers Fact Book, annual (copyright).

754 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

Table 1221. Property and Casualty Insurance—Summary: 2000 to 2008

[In billions of dollars (305.1 represents $305,100,000,000). Minus sign (–) indicates loss]

Item2000200320042005200620072008

1 Automobile, private 2 ...........120.0151.3157.6159.6160.5159.7158.6 Automobile, commercial 2 .......19.825.526.726.826.725.623.8 Homeowners’ multiple peril ......32.746.050.053.055.857.157.4 Commercial multiple peril .......(NA)27.429.129.731.931.330.1 Marine, inland and ocean .......8.310.410.811.212.313.112.5 Workers’ compensation. . . . . . . . .26.232.936.739.741.840.936.9 Medical malpractice ...........(NA)8.89.19.710.410.09.5 Other liability 3 ................(NA)36.139.839.442.241.138.6 Reinsurance .................(NA)15.513.76.612.911.312.7Losses and expenses ..........321.3389.4407.7421.4401.0417.1457.5Underwriting gain/loss ..........–27.3–3.06.0–3.734.521.7–19.3Net investment income .........42.038.640.049.752.355.151.2Operating earnings after taxes ...4.423.529.434.462.253.622.1NA Not available. 1 Excludes state funds. Includes other lines of insurance not shown separately. 2 Includes premiums for automobile liability and physical damage. 3 Coverages protecting against legal liability resulting from negligence, carelessness, or failure to act.

Source: Insurance Information Institute, New York, NY, The III Insurance Fact Book, annual; and Financial Services Fact Book, annual (copyright). Data from ISO and Highline Data LLC. See also <>.

Table 1222. Automobile Insurance—Average Expenditures Per Insured Vehicle by State: 2000 and 2007

[In dollars. Average expenditure equals total premiums written divided by liability car-years. A car-year is equal to 365 days of insured coverage for a single vehicle. The average expenditures for automobile insurance in a state are affected by a number of factors, including the underlying rate structure, the coverages purchased, the deductibles and limits selected, the types of vehicles insured, and the distribution of driver characteristics. The NAIC does not rank state average expenditures and does not endorse any conclusions drawn from this data]

State20002007State20002007State20002007State20002007 U .S . . . .690795ID ......505564MO .....612658PA .....699820AL .....594684IL ......652723MT .....530666RI ......8251,017AK .....770923IN ......570618NE .....533554SC .....620762AZ .....792873IA ......479518NV .....8291,000SD .....482534AR .....606660KS .....540569NH .....665750TN .....592649CA .....672800KY .....616720NJ .....9771,104TX .....678808CO .....755738LA .....8061,096NM .....674730UT .....620697CT .....871964ME .....528611NY .....9391,047VT .....568662DE .....8491,012MD .....757922NC .....564591VA .....576661DC .....9961,140MA .....946981ND .....477512WA .....722841FL .....7811,043MI ......702928OH .....579628WV .....680819GA .....674782MN .....696721OK .....603646WI .....545582HI ......702837MS .....654680OR .....625723WY .....496631Source: National Association of Insurance Commissioners (NAIC), Kansas City, MO, Auto Insurance Database Report, annual (copyright). Reprinted with permission of the NAIC. Further reprint or distribution strictly prohibited without prior written permission of the NAIC.

Table 1223. Renters and Homeowners Insurance—Average Premiums by State: 2007

[In dollars. Average premium equals premiums divided by exposure per house-years. A house-year is equal to 365 days of insured coverage for a single dwelling and is the standard measurement for homeowners insurance. The NAIC does not rank state average expenditures and does not endorse any conclusions drawn from these data]

20072007

StateStateHome-Home-Home-

Renters 1owners 2Renters 1owners 2Renters 1owners 2

U .S . . . . . . .182822KY ........143578ND ........112771AL ........218905LA ........2481,400OH ........162540AK ........175861ME ........142596OK ........2231,054AZ ........200634MD ........147692OR ........161496AR ........201762MA ........2231,023PA ........144689CA ........231925MI .........170721RI .........182950CO ........172826MN ........138800SC ........176808CT ........196929MS ........2501,019SD ........113618DE ........155559MO ........154726TN ........204723DC ........1901,089MT ........155700TX 3 .......2261,448FL ........2021,534NE ........143807UT ........138505GA ........218724NV ........201695VT ........158704HI .........209850NH ........153699VA ........145683ID .........150422NJ ........172776WA ........170506IL .........165700NM ........185667WV ........175646IN .........169647NY ........218936WI ........122491IA .........132610NC ........133674WY ........149656KS ........168904

1 Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants. 2 Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1–4 family units. Provides “all risks” cover-age (except those specifically excluded in the policy) on buildings, broad named-peril coverage on personal property, and is the most common package written. 3 The Texas Insurance Commissioner promulgates residential policy forms which are similar but not identical to the standard forms.

Source: National Association of Insurance Commissioners (NAIC), Kansas City, MO, Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance (copyright). Reprinted with permission of the NAIC. Further reprint or distribution strictly prohibited without prior written permission of the NAIC.State2007

U.S. Census Bureau, Statistical Abstract of the United States: 2011Banking, Finance, and Insurance 755

Table 1224. Real Estate and Rental and Leasing—Nonemployer Establishments and Receipts by Kind of Business: 2005 to 2007

[2,441.6 represents 2,441,600. Includes only firms subject to federal income tax. Nonemployers are businesses with no paid employees. Data originate chiefly from administrative records of the Internal Revenue Service; see Appendix III]

Kind of business

Real estate & rental & leasing, total . . . . . . . . . . . . .Real estate ................................... Lessors of real estate .......................... Offices of real estate agents & brokers ............. Activities related to real estate ....................Rental & leasing services ........................ Automotive equipment rental & leasing ............. Consumer goods rental ......................... General rental centers .......................... Commercial/industrial equipment rental & leasing ....Lessors of other nonfinancial intangible assets ........

NAICS code 153xxxxxxxx31253135325321532253235324533Establishments (1,000)2005200620072,441 .62,420 .92,327 .12,357.32,338.32,243.5869.2804.1780.0808.5829.9790.7679.6704.4672.882.881.181.820.019.820.318.418.118.53.83.93.940.639.339.11.51.51.7Receipts (mil. dol.)

200520062007207,688193,105183,264201,075186,400176,526117,430105,927102,82539,34636,21431,46044,29944,25942,2426,4656,5646,5831,0231,0231,0578378628983753583484,2304,3204,280152141154

Data are based on the 2002 North American Industry Classification System (NAICS); see text this section and Section 15.

Source: U.S. Census Bureau, “Nonemployer Statistics,” June 2009, <http://www.census.gov/econ/nonemployer/index.html>.

Table 1225. Real Estate and Rental and Leasing—Establishments, Employees, and Payroll: 2006 and 2007

[(382.1 represents 382,100). Covers establishments with payroll. Employees are for the week including March 12. Most government employees are excluded. For statement on methodology, see Appendix III]

Kind of business

Real estate & rental & leasing, total . . . . . . . . . . . . . . . . .Real estate ....................................... Lessors of real estate .............................. Offices of real estate agents & brokers ................. Activities related to real estate ........................Rental & leasing services ............................ Automotive equipment rental & leasing ................. Passenger car rental & leasing ...................... Truck, utility trailer & RV rental & leasing ............... Consumer goods rental 2 ............................ Video tape & disc rental ............................ General rental centers .............................. Commercial/industrial equipment rental & leasing ........Lessors of other nonfinancial intangible assets ............

NAICS code 153xxxxxxxx31253135325321532115321253225322353235324533

Establishments Employees

(1,000)(1,000)2006200720062007382 .1380 .12,216 .82,224 .2313.5312.51,553.41,554.2117.6115.3544.6539.2114.0111.0377.3367.181.886.2631.5647.966.365.0633.9638.313.613.5184.5199.97.47.2129.1144.76.36.355.455.233.331.3253.6237.117.816.3137.3127.55.65.435.935.513.814.8160.0165.82.32.629.531.7

Payroll

(bil. dol.)2006200787 .589 .064.064.518.618.218.617.826.828.621.221.96.36.64.14.42.22.15.45.21.71.71.21.28.38.92.32.6

North American Industry Classification System (NAICS), 2002; see text this section and Section 15. 2 Includes other kinds of business not shown separately.

Source: U.S. Census Bureau, “County Business Patterns,” <http://www.census.gov/econ/cbp/>.

Table 1226. Rental and Leasing Services—Revenue by Kind of Business: 2003 to 2008

[In millions of dollars (96,387 represents $96,387,000). Covers taxable and tax-exempt employer firms. Estimates have been adjusted using the results of the 2002 Economic Census. Based on Service Annual Survey; see Appendix III]

Kind of business

Rental & leasing services . . . . . . . . . . . . . . . .Automotive equipment rental & leasing ......... Passenger car rental & leasing .............. Truck, utility trailer, & RV rental & leasing ......Consumer goods rental 2 .................... Video tape & disc rental ....................General rental centers ......................Commercial/industrial equip. rental & leasing ....

NAICS code 153xxxxxxxx115321253225322353235324

200396,38737,00723,00714,00021,92310,0533,61133,846

2004102,86341,12624,79316,33323,41210,6043,71034,615

2005108,42643,58425,92517,65922,7779,5073,36238,703

2006118,55146,41027,64918,76123,6179,8443,66644,858

2007123,17547,34828,59618,75224,64610,0833,90847,273

2008125,23248,47029,67718,79324,2719,5273,85848,633

Data for 2003 are based on the 1997 North American Industry Classification System (NAICS). Data 2004 through 2008 are based on 2002 NAICS; see text, this section and Section 15. 2 Includes other kinds of business not shown separately.

Source: U.S. Census Bureau, “Service Annual Survey: 2008,” January 2010, <http://www.census.gov/services/index.html>.

756 Banking, Finance, and Insurance

U.S. Census Bureau, Statistical Abstract of the United States: 2011

相关推荐

关于严格规范非保险金融产品销售的通知

第二篇：银行、金融和保险

专栏推荐