[Economic Indicators May, 2006]
[Page Number 29]
[From the U.S. Government Publishing Office, www.gpo.gov]
SOURCES AND USES OF FUNDS, NONFARM NONFINANCIAL CORPORATE BUSINESS
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Sources Uses
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External (Net increase in liabilities)
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Funds raised in markets Discrep-
----------------------------------------------------- Increase ancy
Period Credit market instruments Capital in (sources
Total Internal \1\ Total --------------------------------- Total expendi- financial less
Total net Net new Loans and Other \2\ tures \3\ assets uses)
funds equity Securities short-
raised issues Total and term
mortgages paper
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1996 .............................................. 1,058.0 659.5 398.5 135.4 -47.3 182.8 129.2 53.7 263.1 1,092.9 638.9 454.0 -35.0
1997 .............................................. 995.4 711.9 283.5 214.4 -77.4 291.8 187.2 104.6 69.0 1,016.2 743.8 272.4 -20.9
1998 .............................................. 1,298.1 682.1 616.0 182.5 -215.5 398.0 243.3 154.9 433.4 1,348.5 778.6 569.9 -50.4
1999 .............................................. 1,718.6 731.0 987.6 262.4 -110.4 372.8 272.0 100.8 725.3 1,833.8 863.9 969.9 -115.2
2000 .............................................. 1,955.4 718.0 1,237.4 227.8 -118.2 346.0 188.3 157.8 1,009.6 2,137.8 928.6 1,209.2 -182.4
2001 .............................................. 850.2 755.0 95.2 173.3 -48.1 221.4 411.4 -190.1 -78.0 978.0 800.4 177.6 -127.8
2002 .............................................. 896.2 811.3 84.9 -16.6 -41.6 25.0 181.5 -156.4 101.4 867.2 737.1 130.1 29.0
2003 .............................................. 889.1 875.7 13.4 26.9 -57.8 84.7 205.0 -120.4 -13.5 834.1 751.5 82.6 55.0
2004 .............................................. 1,318.1 939.3 378.8 33.4 -141.1 174.5 134.7 39.7 345.4 1,362.3 861.0 501.3 -44.2
2005 .............................................. 1,174.9 1,018.9 156.0 -76.7 -366.0 289.3 151.5 137.7 232.6 1,232.7 925.3 307.4 -57.9
2003:I ............................................ 850.2 810.2 40.0 73.1 -67.0 140.1 238.6 -98.4 -33.1 814.0 730.6 83.4 36.2
II .......................................... 931.6 865.9 65.7 128.5 -50.2 178.7 336.3 -157.5 -62.8 866.1 728.3 137.8 65.5
III ......................................... 816.2 892.7 -76.5 -26.2 -44.9 18.7 151.6 -132.9 -50.3 740.6 758.1 -17.5 75.7
IV .......................................... 958.1 933.9 24.2 -67.8 -69.0 1.2 93.7 -92.6 91.9 915.6 788.8 126.8 42.5
2004:I ............................................ 1,357.2 939.9 417.3 110.0 -65.8 175.8 186.8 -11.1 307.3 1,383.2 815.9 567.3 -26.0
II .......................................... 1,176.3 941.9 234.4 -62.9 -121.9 59.0 37.3 21.7 297.3 1,241.6 858.5 383.1 -65.4
III ......................................... 1,308.4 996.1 312.3 -15.0 -203.6 188.6 137.5 51.1 327.2 1,340.0 867.1 472.9 -31.7
IV .......................................... 1,430.5 879.4 551.1 101.4 -173.1 274.5 177.2 97.3 449.7 1,484.3 902.7 581.6 -53.9
2005:I ............................................ 1,270.6 937.5 333.1 55.1 -248.6 303.7 120.2 183.5 277.9 1,320.8 930.3 390.5 -50.3
II .......................................... 1,180.4 999.8 180.6 -50.9 -339.6 288.7 97.5 191.2 231.5 1,243.1 894.2 348.9 -62.7
III ......................................... 1,044.9 1,080.7 -35.8 -238.6 -481.1 242.5 214.2 28.3 202.8 1,109.1 905.3 203.8 -64.3
IV p......................................... 1,203.7 1,057.7 146.0 -72.3 -394.6 322.3 174.5 147.8 218.2 1,258.0 971.5 286.5 -54.3
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\1\ Profits before tax (book)
less taxes on corporate income, less
net dividends, plus capital
consumption allowance (consumption
of fixed capital plus capital
consumption adjustment), foreign
earnings retained abroad, inventory
valuation adjustment, and net
capital transfers.
\2\ Includes trade payables,
taxes payable, and miscellaneous
liabilities (foreign direct
investment in the U.S., pension fund
contributions payable, and other).
\3\ Nonresidential fixed
investment plus residential fixed
investment, inventory change with
inventory valuation adjustment, and
nonproduced nonfinancial assets.
Source: Board of Governors of
the Federal Reserve System.