Board of Governors of the Federal Reserve System

income apparently continues to rise at a respectable pace. But the reduced

income........................... 4 Business fixed investment............income and expenditures............................. 7 Business capital

income before income tax, or assets and liabilities. Within the global...income before income tax. With respect to assets and liabilities, the

Statement of Federal Reserve Banks.” Consistent with generally accepted

Prefatory Note The attached document represents the most complete and accurate version available based on original copies culled from the files

Prefatory Note The attached document represents the most complete and accurate version available based on original copies culled from the files

Income F.7 5 Saving and Investment F.8 6 Net Capital Transfers F.9 7 Derivation...Statement for Federal, State, and Local Governments F.105.c 111 L.105.

Income F.7 5 Saving and Investment F.8 6 Net Capital Transfers F.9 7 Derivation...Statement for Federal, State, and Local Governments F.105.c 111 L.105.

Income F.7 5 Saving and Investment F.8 6 Net Capital Transfers F.9 7 Derivation...Statement for Federal, State, and Local Governments F.105.c 111 L.105.

Income F.7 5 Saving and Investment F.8 6 Net Capital Transfers F.9 7 Derivation...Statement for Federal, State, and Local Governments F.105.c 111 L.105.