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Feminist Budget

Government Assets and Liabilities

(As of the end of the fiscal year, in billions of 1994 dollars)

1960 1965 1970 1975 1980 1985 1990 1992 1993 1994
                     
ASSETS                    
                     
Financial assets:                    
Gold and foreign exchange 103 72 60 132 323 156 197 176 175 175
Other monetary assets 39 55 32 15 37 23 30 38 38 30
Mortgages & other loans 128 161 205 203 274 332 267 250 224 203
Less expected loan losses -1 -3 -4 -9 -16 -16 -17 -21 -23 -25
Other financial assets 61 80 65 65 83 106 161 218 197 185
                     
Subtotal 329 365 358 405 702 603 638 661 611 567
                     
Fixed reproducible capital:                    
Defense 867 870 853 685 548 630 708 743 755 744
Nondefense 154 181 192 217 207 234 235 237 238 239
Inventories 264 225 206 181 217 246 213 187 174 163
Nonreproducible capital:                    
Land 85 117 147 227 289 310 305 249 234 226
Mineral rights 307 283 234 325 591 665 443 396 379 351
                     
Subtotal 1,677 1,676 1,631 1,636 1,851 2,086 1,904 1,811 1,780 1,723
                     
Total assets 2,006 2,041 1,989 2,041 2,554 2,689 2,541 2,472 2,391 2,290
                     
LIABILITIES                    
                   
Finaicial liabilities:                    
Currency & bank reserves 230 249 272 274 275 289 347 367 394 419
Debt held by the public 1,001 972 813 790 1,005 1,764 2,407 2,835 2,994 3,~076
Miscellaneous 60 61 58 53 59 67 93 70 69 67
                     
Subtotal 1,292 1,282 1,143 1,117 1,339 2,120 2,847 3,272 3,457 3,562
                     
Insurance liabilities:                    
Deposit insurance         2 8 64 3 -29 -8
Pension benefit guarantees       41 29 40 39 47 61 30
Loan guarantees     2 6 12 10 14 25 28 30
Other insurance 31 28 22 19 25 16 18 18 24 26
                     
Subtotal 31 28 24 67 68 74 135 92 84 78
Federal pension liabilities 751 938 1,096 1,226 1,683 1,651 1,575 1,574 1,523 1,532
                     
                     
Total liabilities 2,075 2,249 2,262 2,410 3,091 3,845 4,657 4,939 5,064 5,172
Balance -68 -208 -273 -369 -537 -1,157 -2,016 -2,467 -2,674 -2,882
Per capita (in 1994 dollars) -379 -1,070 -1,333 -1,710 -2,352 -4,837 -8,042 -9,628 -10,323 -11,015
Ratio to GDP (in percent) -2.7 -6.6 -7.5 -9 -11.2 -21.1 -32.5 -38.7 -40.7 -42.1
*This table show assets and liabilities for the Government as a whole, including the Federal Reserve System. Therefore, it does not break out separately the assets held in certain Government accounts, such as social security, that are the obligation of specific Government agencies. Estimates for 1994 are extrapolated in some cases.
Source: Budget of the United States Government, Fiscal Year 1996

 

   


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