Table 1
Relative Share of Total Financial Intermediary Assets (in Percent) US Data
|
|
1960 |
1970 |
1980 |
1990 |
1994 |
1999 |
|
|
Depository Institutions |
|
|
|
|
|
|
|
|
Banks |
38.6 |
38.5 |
37.2 |
30.4 |
28.6 |
22.6 |
|
|
S&L (Mutual Savings) |
19.0 |
19.4 |
19.6 |
12.5 |
7.0 |
4.3 |
|
|
Credit Unions |
1.1 |
1.4 |
1.6 |
2.0 |
2.0 |
1.6 |
|
|
Total Depository Institutions |
58.7 |
59.3 |
58.4 |
44.9 |
37.6 |
27.5 |
|
|
Insurance Companies |
24.0 |
19.1 |
16.0 |
16.4 |
17.6 |
14.9 |
|
|
Pension Funds |
|
|
|
|
|
|
|
|
Private |
6.4 |
8.4 |
12.5 |
14.9 |
16.2 |
18.7 |
|
|
Public (state and local) |
3.3 |
4.6 |
4.9 |
6.7 |
8.4 |
11.0 |
|
|
Finance Companies |
4.7 |
4.9 |
5.1 |
5.6 |
5.3 |
3.7 |
|
|
Mutual Funds |
|
|
|
|
|
|
|
|
Stock and Bond |
2.9 |
3.6 |
1.7 |
5.9 |
10.8 |
17.2 |
|
|
Money Market |
NA |
NA |
1.9 |
4.6 |
4.2 |
6.0 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
|
|
|
|
|
|
|
|
|
Source: US Board of Governors, Flow of Funds
Table 2 Relative
Share of Total Financial Intermediary Assets (in Percent) UK Data 1913-1995
|
|
1913 |
1930 |
1939 |
1950 |
1960 |
1970 |
1980 |
1990 |
1995 |
|
Banks |
64 |
60 |
55 |
65 |
40 |
30 |
31 |
33 |
28 |
|
Building Societies |
4 |
8 |
12 |
9 |
12 |
18 |
22 |
17 |
11 |
|
Insurance Companies |
32 |
31 |
32 |
26 |
30 |
28 |
23 |
23 |
30 |
|
Pension Funds |
NA |
NA |
NA |
NA |
14 |
16 |
18 |
25 |
27 |
|
Investment Trusts |
NA |
NA |
NA |
NA |
NA |
7 |
4 |
3 |
3 |
|
Finance Companies |
NA |
NA |
NA |
NA |
NA |
1 |
1 |
1 |
1 |
|
Total as % of GDP |
71 |
99 |
109 |
112 |
106 |
131 |
129 |
251 |
310 |
Source:
The Complete Finance Companion, 1998.