ECONOMIC

TABLE C-21.—Saving by individuals, 1946-73 l[Billions of dollars]Increase in financial assetsNet investment inLess: Increase indebtYear orquarterTotalTotal 2CurrencyanddemanddepositsSavingsaccountsGovernmentsecurities3SecuritiesCorporateandforeignbondsCorporateequities4InsuranceandpensionreservesNonfarmhomesConsumerdurablesNoncorporatebusinessassetsMortgagedebtonnonfarmhomesConsumercreditOtherdebt«1946..1947..1948..1949..1950..1951..1952..1953..1954..1955....1956....1957....1958....1959.......I960..1961..1962 .1963..1964..1965..1966..1967..1968..1969..25.720.23.318.926.930.327.230.428.234.36.034.133.034.832.331.737.139.149.555.265.'64.867.460.118.913.29.010.013.818.822.722.522.728.430.028.631.636.531.635.139.45.155.558.162.768.572.061.35.6.1-2.9-2.02.64.61.61.02.21.21.8-.53.81.92.51.73.04.77.83.911.312.51.66.33.42.32.72.54.97.88.39.39.612.114.1•11.311.416.525.724.627.428.020.534.830.36.0-1.41.61.31.8-.41.92.36.03.92.2-2.49.03.5.7-.84.45.74.211.4-.94.721.8-0.9-.8-.1-.4-.8.0.0-'.31.0.91.11.3.3.6.1-.1.0.11.02.14.64.77.41.11.11.0.71.61.6.9.71.11.91.51.5.6-.4.4-2.1-2.9-.2-2.2-1.1-4.5-7.9-4.35.35.45.35.66.96.37.88.07.98.59.59.510.411.911.612.212.714.115.617.019.419.620.120.84.26.910.59.013.713.512.813.513.717.716.413.812.716.514.512.012.812.612.512.011.59.212.813.35.87.57.7.010.25.53.66.44.99.95.94.9.65.55.12.96.78.911.214.815.212.416.716.23.33.27.42.56.44.62.51.62.73.51.92.33.33.22.23.25.66.96.29.07.28.27.99.03.84.35.04.17.47.16.47.78.612.211.28.88.812.610.10.912.714.816.015.212.710.414.616.12.73.22.82.94.11.24.83.91.16.43.52.6.26.44.61.85.87.98.59.66.44.510.010.40.02.52.92.65.63.83.02.16.06.83.44.26.27.95.78.78.511.811.413.812.318.617.313.31970..1971..1972..76.889.899.79.699.9124.99.611.012.944.4 -8.270.5 -13.675.8 5.710.18.24.9-2.6-5.4-5.924.328.328.010.617.424.110.616.023.66.611.012.112.524.138.46.011.219.212.119.227.3Seasonally adjusted annual rates1971:1st half.2nd half.1972: I...II...III..IV..1973: I...IL.III.92.589.192.698.8104.8101.4105.3117.193.097.5104.4113.2125.8127.2133.1118.1131.0115.815.66.419.76.914.610.29.011.214.780.860.785.071.676.170.687.164.543.7-24.2-1.6-7.210.6 .119.04.517.931.08.6 -10.67.7 -.27.2 -8.11.8 -5.63.9 1.96.5 -11.7.3 -6.92.8 -4.5 .7 -9.228.028.520.432.828.830.230.333.728.214.620.222.623.425.225.227.930.330.315.216.920.222.625.825.932.831.127.910.911.211.810.311.614.416.114.114.618.330.032.736.740.843.538.343.039.78.913.613.318.318.926.225.324.121.918.420.029.228.425.427.726.022.334.01 Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.3 Includes commercial paper and miscellaneous financial assets, not shown separately.3 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and sponsoredagency securities, and State and local obligations.4 Includes investment company shares.5 Private life insurance reserves, private insured and noninsured pension reserves, and government insurance andpension reserves.• Security credit, policy loans, noncorporate business mortgage debt, and other debt.Source: Board of Governors of the Federal Reserve System.273