Annual transactions computed as gross investment in nonresidential research and development of depository institutions and other intermediation (unpublished BEA data) multiplied by the ratio of credit unions fixed assets ( FOF series FL475013103) to total depository institutions' fixed assets (sum of FOF series FL765013105, FL755013103, FL745013103, and FL475013103). Annual transactions are converted to seasonally adjusted quarterly transactions by calculating the ratio of the above series to annual data on private domestic investment in research and development (a portion of NIPA, Table 1.1.5 Gross Domestic Product, line 12, Private domestic, Nonresidential, Intellectual property products); multiplied by quarterly data on private domestic investment in research and development (a portion of line 12, Private domestic, Nonresidential, Intellectual property products). Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Series has no levels.
Last edited on: 09/18/2013