PUBLICATION OF GUIDE TO THE FLOW OF FUNDS ACCOUNTS.

A new edition of the comprehensive Guide to the Flow of Funds Accounts is now available from the Board of Governors. The 1,200-page publication, in two volumes, provides general information helpful in understanding and using the accounts and detailed information on the sources for derivation of data provided in the accounts.

The introductory section of the Guide (1) explains the principles underlying the construction of the accounts and the relationship of the accounts to the national income and product accounts; (2) describes the organization of the accounts into sectors in the U.S. economy and the financial transactions by which economic activity takes place; (3) illustrates analytical uses of the accounts; and (4) lists sources of data (including World Wide Web addresses) and methods of estimation and adjustment of the data.

The balance of the Guide consists of seventy-six explanatory tables that correspond to the flow tables in the Federal Reserve Board's publication of the flow of funds accounts, the Z. 1 statistical release. The tables give--for each data series in each table--complete information on the source of the data or the methods for calculating the series along with recent annual data.

The Guide can be purchased, for $20.00, from Publications Services, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202-452-3244 or 3245).