| F.128 Real Estate Investment Trusts (REITs) | |||||||||||||
| Billions of dollars; quarterly figures are seasonally adjusted annual rates | |||||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | |||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | ||||||||
| stock price direction | DOWN | DOWN | DOWN | UP | UP | UP | DOWN | UP | UP | UP | DOWN | ||
| bond price direction | UP | UP | UP | UP | DOWN | DOWN | UP | DOWN | DOWN | DOWN | DOWN | ||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | |||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | ||||||||
| 1 | Gross saving | 7.1 | 6.1 | 2.1 | 5.0 | -5.9 | 23.2 | -8.3 | -7.6 | -31.0 | -14.7 | -22.8 | 1 |
| 2 | Fixed nonresidential investment | 6.6 | 24.4 | 22.7 | 38.9 | 29.3 | 45.6 | 43.5 | 39.2 | -11.2 | 42.5 | 23.5 | 2 |
| 3 | Multifamily residential investment | 4.1 | 4.5 | -0.4 | 7.7 | -0.6 | 2.3 | -5.6 | 4.6 | -3.7 | 4.0 | -1.7 | 3 |
| 4 | Net acquisition of financial assets | 10.0 | 23.6 | 36.3 | 102.3 | 77.2 | 54.0 | 137.4 | 101.4 | 16.1 | 65.6 | 68.6 | 4 |
| 5 | Checkable deposits and currency | 1.1 | -0.1 | 3.9 | 3.2 | 1.6 | 4.4 | 4.8 | 5.2 | -8.2 | 4.0 | -3.5 | 5 |
| 6 | Credit market instruments | 8.6 | 21.5 | 28.1 | 87.9 | 66.9 | 37.6 | 120.1 | 89.1 | 20.8 | 40.5 | 57.7 | 6 |
| 7 | Agency- and GSE-backed securities | 7.0 | 7.4 | -1.9 | 16.1 | 1.3 | -1.1 | 13.2 | 0.9 | -8.0 | 1.6 | 30.0 | 7 |
| 8 | Corporate and foreign bonds | 2.3 | 2.3 | 10.1 | 17.3 | 25.1 | 8.6 | 47.4 | 28.2 | 16.1 | 13.3 | 15.7 | 8 |
| 9 | Mortgages | -0.7 | 11.8 | 19.8 | 54.5 | 40.6 | 30.1 | 59.4 | 60.0 | 12.7 | 25.7 | 12.0 | 9 |
| 10 | Home | 0.2 | 11.4 | 17.7 | 51.1 | 30.8 | 27.1 | 49.1 | 45.0 | 2.2 | 17.0 | 10.9 | 10 |
| 11 | Multifamily residential | -0.4 | -0.2 | 0.1 | 0.0 | 0.2 | 0.1 | -0.3 | 0.3 | 0.7 | 1.9 | -0.3 | 11 |
| 12 | Commercial | -0.4 | 0.5 | 1.9 | 3.5 | 9.5 | 2.9 | 10.6 | 14.8 | 9.8 | 6.7 | 1.4 | 12 |
| 13 | Miscellaneous assets | 0.2 | 2.2 | 4.4 | 11.2 | 8.8 | 12.0 | 12.5 | 7.1 | 3.5 | 21.2 | 14.4 | 13 |
| 14 | Net increase in liabilities | 18.6 | 50.6 | 52.7 | 152.6 | 108.9 | 88.2 | 171.5 | 147.2 | 28.8 | 102.8 | 95.0 | 14 |
| 15 | Security RPs | 9.3 | 15.1 | 5.9 | 25.0 | 33.0 | 15.9 | 45.3 | 51.5 | 19.1 | 8.6 | 16.3 | 15 |
| 16 | Credit market instruments | 3.2 | 24.5 | 31.9 | 98.4 | 58.5 | 73.0 | 92.8 | 66.0 | 2.4 | 66.6 | 55.3 | 16 |
| 17 | Open market paper | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 17 |
| 18 | Corporate bonds | 4.4 | 16.2 | 23.3 | 70.6 | 40.3 | 36.2 | 72.2 | 44.9 | 7.8 | 38.1 | 48.5 | 18 |
| 19 | Bank loans n.e.c. | -3.3 | 0.1 | 0.3 | 1.5 | 5.2 | 14.1 | 1.3 | 1.1 | 4.2 | 5.6 | -5.8 | 19 |
| 20 | Mortgages | 2.2 | 8.2 | 8.3 | 26.3 | 13.1 | 22.7 | 19.3 | 19.9 | -9.6 | 22.9 | 12.7 | 20 |
| 21 | Corporate equity issues | 6.1 | 8.4 | 13.3 | 21.5 | 16.1 | 10.7 | 20.1 | 23.7 | 9.9 | 18.2 | 17.2 | 21 |
| 22 | Miscellaneous liabilities | 0.1 | 2.6 | 1.6 | 7.7 | 1.4 | -11.5 | 13.4 | 6.1 | -2.6 | 9.4 | 6.2 | 22 |
| 23 | Discrepancy | 5.2 | 4.2 | -3.8 | 8.7 | -2.9 | 9.6 | -12.1 | -5.6 | -3.4 | -24.0 | -18.2 | 23 |
| Memo: | |||||||||||||
| 24 | Securitized assets included above | -3.2 | 7.5 | 15.7 | 51.9 | 32.8 | 40.2 | 16.8 | 31.6 | 42.6 | 16.7 | 22.0 | 24 |
| 25 | Agency- and GSE-backed securities | -3.1 | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 25 |
| 26 | Home mortgages | 0.2 | 7.2 | 15.9 | 50.4 | 28.5 | 39.1 | 15.7 | 27.2 | 31.7 | 10.7 | 8.0 | 26 |
| 27 | Multifamily residential mortgages | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.4 | -0.2 | 0.0 | 0.0 | 0.5 | 0.0 | 27 |
| 28 | Commercial mortgages | -0.2 | 0.6 | -0.1 | 1.5 | 4.3 | 0.7 | 1.2 | 4.3 | 10.9 | 5.4 | 14.0 | 28 |
