Digitized for FRASER July Table 71. mplicit Price Deflators for New Construction Activity (excluding farm) (excluding farm)... 108,6 1 6 107 6 110. 1 1 6 109.6 109 9 107.1 1.1 110. 5 114. 1 119 1 1. 6 1.4 1. 1. 5 2 0 110 7 102 1 0.4 1 8.4. 5 1 6 118 9 9 2 5. 8 114.5 114.9 114.3 5 5 4 6 3? Table 72. Monetary and mputed nterest (V-16) mputed interest paid Monetary interest received mputed interest received Originating in households and institutions....... Monetary interest received from abroad to abroad income). 17,461 Monetary interest received 6 719 15 887 10, 555 17,051 2,672 3 0, 7 7 915 18 650 11,455 19, 261 2 9 5,2 5 2 19, 631 7 6 204 9 753 3 549 14, 675 9 023 20 462 11 983 20, 474 2 948 5 3 5 3 20, 850 14 675 6 175 9 586 3 411 16,371 10 186 23 305 5 23, 168 3 386 5 853 5 853 332 397 65 23, 462 16 371 7 091 10 967 3 876 Table 74. Relation of Corporate Profits, Taxes., and Dividends to Corresponding Totals as Tabulated by nternal Revenue Service (V-19) Line 1 Compiled net profit, RS 47 4 45 0 Table. Major tems of Personal ncome and Personal Consumption Expenditures in Kind (V-17) Personal income and consumption expenditures in kind Food furnished government (including military) and commercial employees Standard clothing issued to military personnel Meals furnished domestic servants and nurses Net rent of owner-occupied farm and nonfarm dwellings Services furnished without payment by financial intermediaries except insurance companies Employees' lodging Personal income and consumption expenditures partially in kind Food produced and consumed on farms Fuel produced and consumed on farms Personal consumption expenditures in kind not included in personal income Depreciation of owner-occupied farm and nonfarm dwellings Taxes on owner-occupied farm and nonfarm dwellings nstitutional depreciation 11,214 1,198 61 462 5,664 3,659 170 1 55 1, 666 109 8,079 3, 558 4,040 481, 175 1,218 59 479 6,380 3,865 174 1,762 1 658 104 8,869 3,903 4,6 530, 183 1,244 58 508 7 9 4,068 176 1,753 1 650 103 9 605 4 2 4,830 563, 488 1,210 50 4 6 975 4,581 180 1, 1 529 99 10 383 4 541 5,239 603 2 3 4 5 6 9 10 11 14 15 16 17 18 19 20 21 22 23 Add: Posttabulation amendments and revisions, including allowance for audit profits Depletion (tax deductible) State income taxes on corporations Profits of Federal Reserve Banks (FRB) Deduct: Tax-return measures of: Profits of mutual financial intermediaries Gains, net of losses, from sale of property Domestic dividends received ncome from equities in foreign corporations and branches (to U.S. corporations) Add: ncome received from such equities by all U.S. residents, net of corresponding outflows Equals: Profits before tax, OBE Federal income and excess profits taxes, RS Add: Posttabulation amendments and revisions, including results of audit and loss carryback ncome taxes of Federal Reserve Banks (FRB) State income taxes on corporations Deduct: Federal income taxes on mutual financial intermediaries U.S. tax credits for foreign taxes paid Equals: Federal and State income and excess profits tax liability, OBE Profits after tax, OBE (line 11 less line 18) Dividends paid (in cash or assets) RS Add: Dividends paid by Federal Reserve Banks (FRB) U.S. receipts of dividends from abroad, net of payments to abroad.. Deduct: Dividends received by U.S. corporations (excluding mutuals) 1,225 3 084 1 032 474 3 3 2,004 2,688 2,487 1 757 44 683 21 364 323 402 1 032 250 998 21,227 23, 456 14, 508 19 553 2,948 1,827 3 347 1 006 632 3 403 1,851 2,681 2,667 1 5 208 20 582 5 1,006 271 1,053 20 2 22,286 14 914 20 609 2,955 24 Equals: Net dividends, OBE, 2, 588 25 Undistributed profits, OBE (line 19 less line 24) 11, 324 9,698 Table 75. Corporate Profits and nventory Valuation Adjustment (V-18) [Billions of dollars] Unadjusted for seasonal variation Corporate profits and inventory valuation adjustment.0 41.7 37.4 46.6 10.2 10.3 10.5 11.1 10.3 7.7 8.9 11.1 10.6.8 11.4 11.7 Profits before tax 44.7.2 37.7 47.0 11.0 11.2 11.4 10.0 8.0 8.7 11.2 10.9.1 Profits tax liability Profits after tax.. 21.2 23.5 20.9 22.3 18.6 19.1 23.2 23.8 5.2 6.0 5.1 5.6 6.0 5.9 5.2 4.8 5.1 3.9 4.0 4.3 4.4 4.8 4.9 6.5 6.6 5.9 valuation adjust- nventory ment 2 7 1 5 -.2 g -.2.2.0 -.1 -.1 2
32 Digitized for FRASER July Table 67. Farm Gross Product., in Constant Dollars (V-10) Table 68. mplicit Price Deflators for Farm Gross Product (\ 11-11) 960 19«() 35, 933 35, 830 37, 1 37, 938 39, 238 Tota! value of farm output 93 7 95 3 100 8 97 3 % 5 and Farm products consumed, directly in 32, 695 1, 864-1 1,805 31 257 1 1 950 1,8 33, 236 1,469 836 1,880 34,611 1,461-48 1,914 35 728 1 369 181 1,960 and C C C loans 95 2 96.1 95 4 98 9 97.0 100 6 7 96 7 96 5 103 0 95 8 98 6 103 7 other 14, 9 259 1,684 15, 9 507 1,632 16, 481 14 591 1,890 17, 099 15 282 1,817 17, 4 1,5 4 q 1, 935 other -. 95 6.9 97 1 90.3 100. 5 88.0 97 3 98.7 85. 6 items -65 86 89 items.3 103.2 20, 5 20, 605 20, 882 20, 1 21,725 3 94 0 102 2 Table 69. ncome and Gross Product Originating in Farming (V-9) Table 70. mplicit Price Deflators for Personal Expenditures by Major Type (V-) [ndex numbers, 1954-100] Consumption 33 658 34 5 37 1 36 5 37 867 Goods and services, 102.1.1 and Farm products consumed directly in.. 30, 564 1,5-415 1,4 29, 824 1, 762 762 1,7 33, 405 1, 552 9 1, 861 33, 452 1 410 1,971 34 226 1 350 258 2, 033 Durable goods, Automobiles and parts.... Nondurable goods,.. 104.8 99. 1 100 9 101.2 103 9 104.9 1 1 101.9 1. 1 111 9 102. 3 107 5 Value of intermediate products consumed other. items 14 285,721 1, 564 19,3 14 693, 219 1,474 81 19,361 16 322 14,659 1 663 60 21,349 16 936 15, 346 1 590 56 19 933 16 946 15. 290 1 656 83 20 838 Food and beverages Clothing and sho^s Gasoline and oil -.. Services,... - 99 3 102. 1 103. 2 101 3 104. 4 102 4 103.5.7 104. 9 102. 6. 9 1 103.9 107.5 109. 4 104 7 1.4 104 6. 1 10S. 5 mi 3 1.6 6. 8 111. 7. 2.6 1.2 Capital consumption allowances ndirect business taxes 3,5 3, 519 1,063 3, 1 3,658 1, 4 3, 805 3,0 1, 163 3 986 3, 908 1 239 4 OOi 3, 935 69 1 3 485 891 988 631 Equals: National income originating in farming 15, 1 15,397 17, 369 15, 326 16, 2 Table 71. mplicit Price Deflators for New Construction Activitv [ndex numbers, 1954-100] (excluding farm) (excluding farm). - - -.-.----.. - -.-. 1. 6 107.6 107. 4 109. 6 114. 4 107. 1 1.1 110 5 114 1 1.6 1.8 1.7 1 10. 6 2.5.4 5 1 1. 6 118.5 1 14. 2 1.3.0 2.6 119. ] 117 6 118.2 118.8. 1 6. 3 114 4.3 8 9 117 0 2 0 119 0 4 Table 72. Monetary and mputed nterest (\ 11-16) mputed interest paid - Less : Monetary interest received mputed interest received Originating in households and institutions- Monetary interest received from abroad Less : to abroad.. income) -.. Monetary interest received 6,719 15, 887 10. 555 17, 051 2,672 4,763 17,461 3,0, 7 7,915 18, 650 11,455 19, 261 2,9 5,2 5,2 19, 631, 7 6,204 9,753 3,549 9,179 20, 562 11,9 20,415 2,945 5, 369 5, 369 21,002 6,175 9,586 3,411 lf>, 564 10, 350 23, 2,1 23, 8 3,368 5,860 5,860 23, 639 16, 564 18, 4 11,372 26, 0 25, 876 3, 656 6, 644 6, 644 397 503 26, 187 18, 4 7,4, 263 4,489
July Table 66. Farm Gross Product, in Constant Dollars (V-10) Table 67. mplicit Price Deflators for Farm Gross Product (V 11-11 19E6 35, 933 35, 830 37,1 37, 850 39, 229 39, 947 93.7 95.3 100.8 96.5 households 32, 695 31, 257 33, 236 34, 35, 6 36, 635 1,864-1 1,805 1,1 950 1,8 1, 469 836 1,880 1.368 47 1,267 268 1, 958 1,187 1 1,983 households 93.5 95 2 96.1 9 97.0 [00.6. 7 102. 4 96.7 99.9 other. 14, 9 15, 9 16, 481 17, 004 17, 339 17, 7, 259, 507 14, 591 15, 191 15, 403 15, 870 1,684 1,632 1,890 1,8 1,936 1,917. other (excluding operating s) 95.6.9 90.3 100.5 88.0 85.6 items. -65-86 -85-90 -95 items.3 102.2 96.9 20, 5 20, 605 20, 882 20, 761 21,800 22, 065.3 102.2 96.9 Table 68. ncome and Gross Product Originating in Farming (V-9) Table 69. mplicit Price Deflators for Personal Consumption Expenditures by Major Type (V-) and. --. other items - Equals * Farm gross product Capital consumption allowances. ndirect business taxes Equals : National income originating in farming 33, 658 34, 5 37,1 36,889 37,844 38,885 30, 564 29, 824 33, 405 33, 5 34, 262 35, 4 1, 5-415 1,4 14, 285 14, 693 16, 322 16, 837 16, 844 17, 415, 721, 219 14, 659 15, 247 15, 186 15, 7 1,564 19,3 19,361 21,349 19, 970 20,914 21,3 3,5 3,519 1,063 485 1,762 762 1,7 1,474-81 3,1 3,658 1,4 891 1,552 9 1,861 1,663 3,805 3,0 75 1,163 988 1,590 3,998 3,0 1,264 1, 989 1,658-86 4,017 3,937 80 1,340 633 1,186 239 2,018 1,6-3,944 3,867 1,403 1,3 15, 1 15, 397 17,369 15,350 16, 190 17,374 Table 70. mplicit Price Deflators for New Construction Activity - (excluding farm) (excluding farm). Sewer and water svstems 1. 6 107. 4 110 1 109. 7 1 3 109.6 107. 1 1.1 114 1 1.6 1 8 1.7 2.5 119 6. 4 5 1 1.6 5 5. 5 1.3.2 2 6 114. 6 117 6 4 3 118 3 0*3 117 9 8 9 2. 0 119 0 4 197 7 6 6 119 6 4. 8 7 6 117.1 0 1 3 0 118.0 0 0 3.4 Goods and services, Durable goods, Automobiles and parts. Nondurable goods, Food and beverages Clothing and shoes Services, 102.1 104.8 99. 1 100.9 99.3 102 1 103 2 104 1 103 0 104 4.1 101.2 103.9 103 5 7 107 0 104 9 102.6 9 104.9.1 103 9 107. 5 108 5 109 4 107 0 107 9 1 4 1.1 102.0 1 108. 5 109 7 1 6.1 111.8.6 9 111 1.0 110 3 117 4 0.5 Table 71. Monetary and mputed nterest (V-16) mputed interest paid Monetary interest received mputed interest received Originating in households and institutions. Monetary interest received from abroad to abroad income) Monetary interest received 111.1.2 110.9 0 4, 7 20, 027 6,719 15, 887 18, 650 20, 562 23, 455 26, 158 28, 656 10, 555 11, 455 11,9, 566 14, 795 15, 486 17, 051 19, 261 20, 415 23, 9 26, 199 27, 672 2,672 2,9 2, 945 3,367 3,664 3,854 4,763 17,461 19,631 21, 002 23, 25,811 27,368, 7 20, 027 3,0 7,915 5, 2 5, 2 6,204 9, 753 3, 549 9,179 10, 225 11, 090, 616 5,369 5,369 6, 175 9,586, 346, 188 3,411 5, 805 5, 805 7, 075 6, 564 6, 564 396 4, 585 500 606 7,341 4,847 Digitized for 6831 62 FRASER 33
Digitized for FRASER July Table 66. Farm Gross Product, in Constant Dollars (V-10) Table 67. mplicit Price Deflators for Farm Gross Product (V-11) 37, 850 38, 966 39, 349 40, 180 96.4 97.6. households... 34, 1,368 47 17, 004 35, 481 1,257 285 1,9 17, 186 36, 022 1,1 183 1,971 17, 662 36, 645 1,038 493 2.004 18,314. households. 98.0 103.2 other than rents (excluding operating s). items. Equals : Farm gross product 15, 191 1,8-85 20, 761 15, 290 1,896 21 793 15,853 1,809 60 21 747 16, 535 1,9 21 879. other (excluding operating s).. items 8 98.0 99.1 89.9 98.8 98.8 Table 68. ncome and Gross Product Originating in Farming (V-9) Total vailue of farm output households.... items Capital consumption allowances-. ndirect business taxes.. Equals: National income originating in farming 36,889 33, 5. 16, 837 other 15. 247 (excluding operating s) 1.590 19,970 3.998 3.0 15,350 37, 570 34, 0 1.255 1,974 16, 696 15. 075 1,621 20,886 3,986 79 1,330 16, 198 38, 407 34, 886 1.174 341 2.006 17,311 15, 728 1,583 58 21, 154 3,936 3,859 1,396 1,335 17, 157 39, 750 35, 1 1,071 694 2,064 18, 149 16, 550 1, 599 21,614 3,995 3,917 1,471 1,557 17,705 Table 70. mplicit Price Deflators for New Construction Activity. (excluding farm.) (excluding farm)..... - 114 2 5 5 1.3.2 2. 6 119. 1 117. 6 118.3 1 2. 2 6 3 117.9 8.9 2.0.4 3. 1 5 4.8 7 6 117. 1 0. 1 3.0 118.0 0.0 3.4 2.4 118 5 7.9 9 9 5. 8 1.6 118.6 7.4 4.4 4.5 3.9 Table 69. mplicit Price Deflators for Personal Consumption Expenditures by Major Type (V-) Goods and services, Durable goods, Automobiles and parts. Nondurable goods, Food and beverages. Clothing and shoes Services, 1. 1 102 0. 1 108 5 109. 7 1.6 3 102 4. 6. 9 111 3 110 3 108 2. 5 0 6 3 101 8 107 9 110 8 111 6 119.2 1 8 Table 71. Monetary and mputed nterest (V-16). mputed interest paid. Monetary interest received mputed interest received. Originating in households and institutions. Monetary interest received from abroad to abroad income). Monetary interest received 16,384 10, 225 23, 455, 566 23, 9 3,367 23, 11, 100 26, 158 14, 795 26, 189 3,664 386 25,811, 346 4,585 20, 027, 5 28, 607 15, 486 27, 662 3,854 539 655 27,693 20 027 7,666 359 4,693 111.9 9 1.2 101 7 109.2 111 2 111 5 117.3 1 9 3 3 22, 036 14 096 32, 485 15, 714 29, 976 4, 7 7 3 7,3 746 118 30, 030 22 036 7,994 9 4 949
34 Digitized for FRASER July 1964 Table 66. Farm Gross Product, in Constant Dollars (V-10) Table 67. mplicit Price Deflators for Farm Gross Product (V-11) 37 850 38 966 39 405 40 215 41 493 96.4 97.6 97.7 households 34 1,368-47 35 481 1 257 285 1 9 36 079 1 1 183 1 970 36 9 1 048 4 2 004 37 908 1 000 547 2 038 98.2 102.5 97 4 101.1 103.8 other 17, 004 15, 191 1,8 17, 186 15, 290 1,896 17, 683 15 8 1,810 18, 528 16,746 1,2 18, 952 17, 095 1,857 other 8 97.7 100. 1 89.9 99.9 100 8 91.5 items 85 84 102 71 items 96. 2 97.4 Equals; Farm gross product 20 761 21 793 21 806 21 9 22 6 97.4 Table 68. ncome and Gross Product Originating in Farming (V-9) Table 69.""mplicit Price Deflators for Personal Consumption Expenditures by Major Type (V-) other. «. items Capital consumption allowances 36, 889 33, 5 16, 837 15, 247 1,590 19,970 3,998 3,0 37, 570 34, 0 1,255 1,974 16, 696 15,075 1,621 20, 886 3,986 79 38, 4 34, 3 1,174 341 2,005 17, 285 15, 701 1,584 82 21, 240 3,935 3,858 39,811 36,0 1,074 596 2,064 18, 3 16, 1 1,602 101 21, 539 3,981 74 40, 548 36, 5 1,011 497 2, 18, 9 17, 230 1,699 68 21,687 4,064 3,987 Goods and services, Durable goods, Automobiles and parts Nondurable goods,. Food and beverages. Clothing and shoes Services,...... 1 1 102.0.1 1.6.6.9 11 0.6 111.1 10 111 8 2.3.9 1 1 101.7 109.2 1 117.5 1.9 3.9 1.4.6 111 9 10 1.8 114.3 0.7 7.5 ndirect business taxes- 1,330 1,369 1,5 1,525 Equals: National income originating in farming. 15,350 16,198 1,335 17,271 1,557 17, 680 1,501 17, 599 Table 71. Monetary and mputed nterest (V-16) Table 70. mplicit Price Deflators for New Construction Activity (excluding farm) (excluding farm).. Nonresedential buildings. 1.3.2 2.6 118.3 6.3 117.9 8.9 2.0.4 4.9 6.0 114.5 0.1 2.3 118.1.6 4.9 3.6 1.9 118.5 7.9 7.1. 3 2.5 4.5 2.8 118.4 7.4 4.1 4.3 3.7 4.3 4.4 4.8 1.0 2.0 9.2 4.2 9.6 5.1 0.7 1.4 n.a. 8.7 4.5 8.6 8.8.. mputed interest paid Monetary interest received mputed interest received. Originating in households and institutions... Monetary interest received from abroad. to abroad-- income)..... Monetary interest received 10, 225 23, 455, 566 23, 9 3,367 23, 11, 100 26, 158 14, 795 26, 189 3,664 386 25,811, 346 4,585 20, 100, 605 28, 558 15, 604 27, 793 3,764 6,957 6,957 538 655 117 27,522 20, 100 7,2, 163 4,741 22, 084 14, 107 32, 283 16, 534 30, 868 3,8 7,350 7,350 627 746 119 30,044 22, 084 7,960, 975 5,015 24, 3 15, 5 36, 070 17, 9 34, 448 4,022 8,155 8,155 660 860 200 32, 947 24, 3 8,555, 748 5,193