SAVINGS, INVESTMENT AND DEBT
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MUTUAL FUNDS BY HOLDER, 1998 AND 2002

($ billions)


 

1998

2002
Household sector$2,447.4$2,625.3
Nonfinancial corporate business95.590.5
State and local governments21.326.0
Commercial banking9.119.6
Credit unions3.63.5
Bank personal trusts and estates344.7303.1
Life insurance companies23.338.0
Private pension funds668.2533.5
Total$3,613.1$3,639.4

Source: Board of Governors of the Federal Reserve System.

  • According to the Securities Industry Association, in 2001, 77 percent of householdsā€™ liquid financial assets ā€” those readily convertible to cash ā€” were in securities products and just 23 percent in bank deposits and CDs. In 1985, 52 percent were in bank deposits.