HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2007-2011

($ billions, end of year)

  2007 2008 2009 2010 2011 Percent change, 2007-2011
Total assets $3,448.1 $3,543.4 $3,697.9 $3,795.6 $3,743.4 8.6%
Household sector 1,725.4 1,767.2 1,896.5 1,954.6 1,891.8 9.6
Nonfinancial corporate business 29.2 26.2 27.1 24.1 19.7 -32.5
Nonfinancial noncorporate business 5.3 4.9 5.1 4.9 4.9 -7.5
State and local governments 5.5 5.4 5.7 6.1 5.9 7.3
Rest of the world (1) 45.1 50.5 58.7 71.7 82.7 83.4
U.S.-chartered depository institutions (2) 202.0 221.9 224.3 254.6 297.3 47.2
Banks in U.S.-affiliated areas 2.0 2.5 3.5 2.5 3.4 70.0
Property/casualty insurance companies 371.3 381.9 369.4 348.4 331.0 -10.9
Life insurance companies 41.4 47.1 73.1 112.3 122.6 196.1
State and local govt retirement funds 2.4 1.4 1.5 1.6 1.5 -37.5
Money market mutual funds 471.0 494.6 401.3 334.4 296.5 -37.0
Mutual funds 372.2 389.6 480.2 526.6 542.6 45.8
Closed-end funds 91.3 77.9 81.2 81.3 82.4 -9.7
Exchange-traded funds 0.6 2.3 5.9 7.6 8.6 1,333.3
Government-sponsored enterprises 33.3 31.3 29.1 24.9 21.0 -36.9
Brokers and dealers 50.1 38.7 35.4 40.0 31.5 -37.1

(1) Holdings of U.S. issues by foreign residents.
(2) Includes savings banks and commercial banks.

Source: Board of Governors of the Federal Reserve System, June 7, 2012.