Board of Governors of the Federal Reserve System

Starting in 2010Q4; For year-end quarters when SOI data is available, level is calculated: from the SOI Table 6 - Balance Sheet, Income Statement, Tax, and Other Selected Items, by Major Industry, excluding the industries of manufacturing, finance and insurance, management of companies, and unpublished detail on equity REITS, line Cash, plus from the QFR Table 1.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, All Total Asset Sizes, line Total cash on hand and in U.S. banks, plus from the QFR Table 70.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, Total Assets $25 Million and Over, line Cash and deposits outside the U.S.; less: Checkable deposits and currency (FOF series FL103020000), Money market fund shares (FOF series FL103034000), and Foreign deposits (FOF series FL103091003). For quarters when SOI data is not available, level is calculated from QFR Table 1.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, All Total Asset Sizes, line Time deposits in the U.S., including negotiable certificates of deposit; multiplied by a benchmark ratio of SOI to QFR The benchmark ratio is calculated: from the SOI Corporation Income Tax Returns, Returns of Active Corporations, Table 6 - Balance Sheet, Income Statement, Tax, and Other Selected Items, by Major Industry, excluding the industries of manufacturing, finance and insurance, management of companies, and unpublished detail on equity REITs line Cash, plus from the QFR Table 1.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, All Total Asset Sizes, line Total cash on hand and in U.S. banks, plus from the QFR Table 70.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, Total Assets $25 Million and Over, line Cash and deposits outside the U.S.; divided by QFR Table 1.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, All total asset sizes, item Cash and demand deposits in the U.S., plus QFR Table 70.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, Total Assets $25 Million and Over, line Cash and deposits outside the U.S. For quarters since the most recent SOI year, benchmark is fixed at the level of the most recent SOI year. Unadjusted transactions are the change in the level; data for the most recent ten years show no significant seasonality.