Konvolut Tabellen

Steindl, Josef

Bibliographic data

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Konvolut Tabellen

Author:: Steindl, Josef

Scope:: Konvolut aus 11 losen Blättern, handschriftlich, und einer Kopie aus 21 Blättern mit verschiedenen statistischen Überblicksdarstellungen aus den USA bis 1974

Year of publication:: 1975

Source material date:: [vermutlich 1975]

Language:: English

Note:: Titel fingiert.

Shelfmark:: S/M.53.1

Access:: Free access

Supplement

Document type:: Supplement

Title:: statistische Tabellen

Access:: Free access

19* ■ Falling stock prices have cut the value of corporate assets 1.75 i During the 1960s, the booming stock market valued the invested i capital of companies above the 1 cost of replacing it. Stockholders were optimistic about the earn 1.50 -f- \ -,W- V IrnMm, ings that assets could generate and bid up p/e ratios. This was a boon to investment. In 1965, 1.25 ' f-'y '’&k» -v*> t f' 11 11 fihiffr every dollar plowed back into the company was valued by the " f Tj38St|vjtl market at $1.50. Since 1973, the price tag on capital goods has skyrocketed, while the market 1.00 has taken a jaundiced view of their future earning power. Now • «Ta6vw&»s>3U|5a • wt the market says assets are worth only 75* on the dollar. This is why low stock prices hurt invest- 075 I =5 h*&SB5S^ n 1964 66 '68 ’70 j I II III h/TTII III IV '72 197311974 •Nonfinancial corporations mem. Data: James Tobin and John Clccolo TREASURY MONEY MARKET BORROWING (INCLUDING FOREIGN NONMARKETABIE SECURITIES) (In billions of dollars] Calendar year 1970 197! 12 il. 1973 1974. 1975 1976 1st half Net now money Peak in crease in borrowing 2d half Gross new issues 1 Full year 'let now money # Peak in crease in borrowing Gross new issues ‘ Maturi ties 3 Gross new issues 1 Maturi ties 3 Net new money Peak in crease in borrowing M atari- f ties* $22.5 $24.1 -$1.5 $4.2 $31.5 $15.2 $16.3 $16.6 $54. 0 $39.3 $14.8 $15.1 27.7 23.9 3.9 4.3 36.6 14.6 22.0 22.0 64.3 33.5 25 9 25.9 12.6 15.2 -2.5 7.0 21.3 7.3 14.0 15.5 33.9 22.5 11.5 13.0 16.9 15.8 1.1 9.6 20.2 15.1 5.1 5.1 37. 1 * 30.9 6.2 6.2 16.8 21.8 -5.0 3.9 32.5 17.8 14.7 K.7 0.3 39.6 9.7 9.7 45.0 17.0 28.0 31.0 48.0 11.0 37.0 37.0 93.0 27.0 65.0 65.0 49.0 23.0 24.0 28.0 » Includes increases in regular bills. * Includes paydowns in regular bills. NET FUNDS RAISED IN THE CAPITAL MARKETS BY MAJOR SECTOR [Fiscal years , billions of dollars] US. Treasury Federal and and Financ- sponsored ing Bank agencies Total Corporate Federal State and and sector local foreign i Federal Government sector as sector as a percent percent Total of total of total securities securities securities 1 1954 3.6 1.7 5.3 5.5 3.4 14.2 37.4 76.0 1455 • 1.7 1 1.7 5.4 2.6 9.7 17.4 73.1 1956. .. 1957 -4.3 -3.6 .6 .9 1 1 row 4.6 4.0 3.3 5.7 4.1 ... 7.0 ... 37.1 21.0 18.6 1958 6.3 .8 7.1 5.1 6.9 19.2 63.9 1959 8.0 1.4 9.3 5.7 4.7 19.7 47.5 76.4 1960 .8 2.0 2.3 5.7 3.5 12.1 23.5 70.7 1961 2 0 .1 2.1 4.9 5.0 12.0 17.7 58. 5 1962 8.8 2.4 11.2 6.0 5.5 22.7 49.4 75.6 1963 6.4 1.1 7.6 5.5 5.5 18.6 40.7 70.3 1964 2.7 1.5 4.2 5.2 3.8 13.2 31.8 71.4 1965 3.1 2 2 5.4 6.9 5.2 17.5 30.8 70.4 1966 -1.0 6.7 5 7 7.3 9.2 22.2 25.8 58.9 1967 .6 2.6 3.3 6.0 12.2 21.5 15.2 43. 3 1968.! \! 18.2 5.5 23.8 7.2 15.1 46.1 51.6 67. 3 1969 -1.9 5.7 3.8 12.0 14.7 30.5 12.4 51.8 1970 6.8 8.1 14.9 9.7 14.8 39.4 37.9 62.4 1971 20.5 2.7 23.2 15.0 23.0 61.3 37.9 62. 4 1972 19.6 8.7 28.2 15.6 15.8 59.7 47.2 73.5 1973 18.5 14.3 32.8 12.6 10.5 55.9 58.6 81.2 1974 2.1 21.3 23.3 16.7 15.6 55.6 41.9 72.0 1975e 1 43.8 10.9 54.7 12.6 26.3 93.6 58.4 71.9 1976e*_. 61.6 12.2 73.8 14.6 22.7 111. 1 66.4 79.6 i Bonds issued by nonfinancial corporations. » Includes State and local as part of government sector. ...... , AAA AAA AAA . . , 1Q7t - J Assumes adoption of President's State of the Union program, with budget deficits of $35,000,000,000 in fiscal year 1975 and $50,000,000,000 in fiscal year 1976. Source: Fiscal year 1954-74 data based on FRB “flow of funds.” Office of the Secretary of the Treasury, Office of Debt Analysis, Jan. 22, 1975. Mano De Vincenhs—I

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