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| Balance Sheet of Employee Stock Ownership Plans (ESOPs) with 100 or More Participants
by leveraged status, 1996 (amounts in millions) |
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| Type of Asset or Liability | Total ESOPs | Nonleveraged ESOPs | Leveraged ESOPs |
| ASSETS | |||
| Receivables | |||
| Employer contributions | $2,102 | $897 | $1,205 |
| Participant contributions | 203 | 78 | 125 |
| Income receivables | 459 | 75 | 385 |
| Other receivables | 923 | 641 | 282 |
| Allowance for doubtful accounts | 1/ | 0 | 1/ |
| Total receivables (net) | 3,686 | 1,690 | 1,996 |
| General investments | |||
| Interest-bearing cash | 3,546 | 1,726 | 1,820 |
| Certificates of deposit | 213 | 36 | 178 |
| U.S. Government securities | 3,383 | 454 | 2,929 |
| Corporate debt instruments: Preferred | 2,597 | 101 | 2,496 |
| Corporate debt instruments: All other | 1,280 | 352 | 928 |
| Preferred stock | 10,510 | 1,399 | 9,111 |
| Common stock | 34,789 | 5,853 | 28,936 |
| Partnership/joint venture interests | 17 | 15 | 2 |
| Income-producing real estate | 17 | 13 | 3 |
| Nonincome-producing real estate | 1 | 1 | 1/ |
| Residential loans (other than to participants) secured by mortgages | 6 | 2 | 4 |
| Commercial loans secured by mortgages | 6 | 5 | 1 |
| Mortgage loans to participants | 61 | 10 | 52 |
| Other loans to participants | 3,765 | 914 | 2,851 |
| Other loans | 1 | 1 | 1 |
| Value of interest in common/collective trusts | 15,244 | 5,220 | 10,023 |
| Value of interest in pooled separate accounts | 1,807 | 308 | 1,499 |
| Value of interest in master trusts | 71,982 | 13,189 | 58,793 |
| Value of interest in 103-12 investment entities | 358 | 196 | 162 |
| Value of interest in registered investment companies | 18,928 | 5,123 | 13,805 |
| Value of funds held in insurance company general account | 11,216 | 2,368 | 8,848 |
| Other or unspecified general investments | 6,883 | 2,346 | 4,537 |
| Total general investments | 186,611 | 39,630 | 146,981 |
| Employer securities | 112,734 | 32,155 | 80,580 |
| Employer real property | 375 | 3 | 371 |
| Unspecified investments | 2,656 | 1/ | 2,656 |
| Total noninterest-bearing cash | 118 | 42 | 76 |
| Buildings and other property used in plan operations | 0 | 0 | 0 |
| TOTAL ASSETS | 306,180 | 73,520 | 232,659 |
| a | |||
| LIABILITIES | |||
| Benefit claims payable | 1,385 | 786 | 599 |
| Operating payables | 1,501 | 106 | 1,395 |
| Acquisition indebtedness | 14,761 | 978 | 13,783 |
| Other liabilities | 11,727 | 507 | 11,219 |
| TOTAL LIABILITIES | 29,373 | 2,377 | 26,996 |
| NET ASSETS | 276,807 | 71,144 | 205,663 |
| 1/ Less than $500,000. |
| SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |
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