Importance of Measuring Household Liability Details and Net Worth Working Party on Financial Statistics OECD Paris, France October 13, 2008 Susan Hume.

Slides:

Advertisements

Similar presentations

Measuring Banking and Insurance: The U.S. Experience Brian C. Moyer Associate Director for Industry Accounts 12 th OECD-NBS Workshop on National Accounts.

Advertisements

Use of Credit Bureau Data to Measure Household Debt Use of Credit Bureau Data to Measure Household Debt Prepared by Susan Hume McIntosh and Elizabeth Ball.

Analyzing Financial Statements

Measuring Your Financial Health and Making a Plan

Economic Outlook for Consumers William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago University of Illinois Center for.

Market Developments Allan Tomas, Chief, Financial and Wealth Accounts November 2 nd 2009 Securitization Activity in Canada.

1 Republic of Macedonia-ESM EVN Income statement For the year ended 31 December _____ Note Current year Previous year Revenues Electricity revenues Other.

J. K. Dietrich - FBE 524 – Fall 2005 Financial System Overview and the Flow of Funds Week 1 – August 24, 2005.

Financial Literacy Class 2: Net Worth and Banking.

The Lender’s View Communicating with a new or prospective lender is about telling your story: 4 Where you have been. 4 Where you are now. 4 Where you are.

Copyright © 2007 Prentice-Hall. All rights reserved 1 Financial Statement Analysis Chapter 17.

Chapter 14.  To make informed decisions about a company  Generally based on comparative financial data 2Copyright (c) 2009 Prentice Hall. All rights.

Financial Aspects of a Business Plan

„ Market Finance – Financial Theory“ Course at ESC Dijon

The Household Aggregate Financial Wealth Evidence from Selected OECD Countries Riccardo De Bonis*, Daniele Fano** and Teresa Sbano** * Bank of Italy. **

U.S. Family Mean Income Data (2007) Note: National median was $47,300. National mean was $84,300. Bottom 20% Next 20% Middle 20% Next 20% Next 10% Top.

Chapter Thirteen Financial Statement Analysis Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

QUESTION 1.When constructing a budget, it is helpful to use a personal cash flow statement, which measures a person's __________ and __________. assets;

Financial Statement Analysis

Chapter 36 financing the business Section 36.1 Financial Analysis

Do Now: 1) What is the general relationship between the flow of water into a bathtub and the amount of water that is in the tub? 2) If the person filling.

The Importance of Accurate & Integrated Measures of Property Prices J. Steven Landefeld, Director February 23 rd, st Session of the.

Stock Market Analysis and Personal Finance Mr. Bernstein Personal Financial Statement, pp February 19, 2015.

The subprime crisis and the credit crunch MK, Unit 14.

Chapter 3 Developing Financial Statements, Plans and Budgets Financial statements are assessments of the current status of one’s personal financial position.

Chapter 20 Financial Aspects of Household and Firm Behavior ©2000 South-Western College Publishing.

Balance Sheets Analyzing Assets, Liabilities, & Equity.

Integrated Macroeconomic Accounts for the United States: Draft SNA-USA Prepared for: OECD Working Party on Financial Statistics Meeting October 11, 2004.

Intro to Financial Management Understanding Financial Statements and Cash Flows.

Financial Ratios Clicker Quiz. What is this ratio? Market Price Per Share Earnings Per Share A. Inventory Turnover B. Accounts Receivable Turnover C.

McGraw-Hill/Irwin Copyright © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. CHAPTER 1 Investments - Background and Issues.

Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Analyzing Financial Statements Chapter 14.

Chapter 14.  To make informed decisions about a company  Generally based on comparative financial data ◦ From one year to the next ◦ With a competing.

Business Financial Records

Lecture 28. Chapter 17 Understanding the Principles of Accounting.

Draft SNA-USA 1 NIPA – Flow of Funds Accounts Integration BEA Government Statistics Users Conference September 14, 2006 Susan Hume McIntosh Flow of Funds.

PFIN 2 4 USING FINANCIAL STATEMENTS AND BUDGETS

Analyzing Financial Statements Chapter 14 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.

The 2008 Revision to Market Value of Quoted and Unquoted Shares of Corporate Equities in the U. S. Flow of Funds Accounts Prepared by Susan Hume McIntosh.

Analyzing Financial Statements Chapter 23.

Analyzing Financial Statements Chapter 13 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.

The Balance Sheet The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company’s financial.

Equity Exposure of the U.S. Household Sector Prepared by Susan Hume McIntosh and Elizabeth Ball Holmquist Working Party on Financial Statistics November.

Objective 4.01 Understanding Financial Management. 1.

Estimating Households’ Non-financial Assets Presentation to the OECD Working Party on Financial Accounts Patrick O’Hagan System of national Accounts, Statistics.

Output of the U.S. Financial Sector: Measuring the services of banks andinsurance companies Brian C. Moyer Deputy Chief National Income and Wealth Division.

Ch Personal Finance Personal Finance. How much money will the average American earn in their working lifetime? (35 years) How much money will the.

Topic 5: Cash Flow Management

December 3, The State of The Economy In this presentation National forecasts are produced by Global Insight, Inc. State and Metropolitan forecasts.

National Accounts at a Glance New OECD publication National Accounts Working Party Meeting Paris 4-6 November 2009.

Refinancing decisions Real Estate Finance, February XX, 2016.

Profit Planning. What is it? What is it? Why is it important? Why is it important? Financial changes occur constantly Financial changes occur constantly.

Personal Financial Statements Chapter 12 Personal Financial Statements The Balance Sheet.

Copyright © 2007 Prentice-Hall. All rights reserved 1 Financial Statement Analysis Chapter 13.

Chapter 12 Reporting and Interpreting the Statement of Cash Flows 1© McGraw-Hill Ryerson. All rights reserved.

Real Sector Division IMF Statistics Department The views expressed herein are those of the authors and should not necessarily be attributed to the IMF,

The Economic Outlook Sam Kahan, Senior Economist Federal Reserve Bank of Chicago: Detroit Branch Wisconsin Bankers Association Madison,

1 Discrepancy between Financial Accounts and Capital Accounts Working Party on Financial Statistics OECD Paris, France October 14, 2008 Susan Hume McIntosh.

MBA35 Managerial Excellence The economic crisis (2 lectures) The firm and its environment (part 1) Francesco Giavazzi.

Financial Statements Filippo Egizii UNIDO ITPO Bahrain

New Annual National Accounts Publication

Financial Statement Analysis

PFIN 2 5 USING FINANCIAL STATEMENTS AND BUDGETS

Financial Statement Analysis

Working Party on Financial Statistics

Investments: Background and Issues

Statement of Financial Position

Financial Records and Financial Statements

Investments: Background and Issues

Presentation transcript:

Importance of Measuring Household Liability Details and Net Worth Working Party on Financial Statistics OECD Paris, France October 13, 2008 Susan Hume McIntosh Sr. Economist and Special Project Coordinator Federal Reserve Board Washington, DC

Background on Data Collection SNA approach is to collect short-term and long-term loans OECD collects data on financial and nonfinancial assets of households Liabilities split into mortgages, consumer credit, and other debt could be more useful U.S. financial accounts present this split Useful in analyzing current crisis

Household Home Mortgage Debt

U.S. Home Mortgage Debt Mortgages not written down until lender charges-off the loan Charge-off treated as a flow Better approach might be to treat charge-off as an ”other volume changes” MBS are recorded at book value Mortgages on investment properties and construction loans are recorded in the nonfinancial noncorporate sector

House Prices

U.S. House Prices Benchmarked to the 1999 American Housing Survey Perpetual inventory method using OFHEO purchase-only price index Investigating using Case-Shiller national price index or national index from Loan Performance

Consumer Credit

Continued borrowing in the form of consumer credit Recently heavy reliance on revolving credit Nonrevolving credit driven by auto sales remains very weak Tells different story than mortgage debt growth

Household Financial Obligations Ratio

Home Mortgage Lenders

Household Net Worth Relative to Disposable Personal Income

What Does All This Mean Collection of financial statistics is important More liability details could help Data on securitization vehicles would also be useful A full household balance sheet should be a goal