Table 16.—Return on Assets of Nonfinancial U.S. Affiliates and U.S. Domestic Nonfinancial Corporations, 1987-96

	Nonfinancial U.S. affiliates/1/					U.S. domestic nonfinancial corporations: Rate of return/4/ (percent)
	Billions of dollars				Rate of return ((col.1/col. 4) x 100) (percent)
	Property income			Total assets/3/
	Total	Profit-type return/2/	Monetary interest paid
	(1)	(2)	(3)	(4)	(5)	(6)
1987	26.5	8.6	17.9	549.6	4.8	6.6
1988	32.9	8.6	24.3	656.9	5.0	7.0
1989	37.1	4.8	32.3	809.8	4.6	7.0
1990	32.3	-5.3	37.6	960.9	3.4	6.8
1991	31.3	-7.9	39.2	1,059.3	3.0	6.6
1992	32.0	-3.6	35.6	1,096.7	2.9	6.4
1993	35.2	0.3	34.9	1,151.0	3.1	6.6
1994	49.0	13.7	35.3	1,228.3	4.0	7.5
1995	60.6	20.6	40.0	1,290.2	4.7	7.7
1996	66.0	27.5	38.5	1,242.2	5.3	8.0

1. Excludes finance, except depository institutions, and insurance (in addition to depository institutions, which are excluded from all data on U.S. affiliate operations).
2. Profit-type return as shown in table 15 plus a capital consumption adjustment (CCAdj). (Estimates of CCAdj by industry are not available.)
3. Average of beginning- and end-of-year value.
4. Equals the ratio of property income to total assets. Data on property income of U.S. domestic nonfinancial corporations are from tables 1.16 and 8.18 in the national income and product accounts. Data on total assets are from the Federal Reserve Statistical Release, Flow of Funds Accounts of the United States: Flows and Outstandings, Fourth Quarter 1997 (Washington, DC: Board of Governors of the Federal Reserve System, March 1998).