Not surprisingly, the growth acceleration was accompanied by a sharp pick-up in the rate of growth of gross fixed capital formation which had more than doubled from an annual average of 7.2 per cent in the 1990s to 15.7 per cent in the high growth phase of 2004–08. It, however, has dropped significantly in the post-crisis period to 5.8 per cent (Table 1).
The insurance holding companies for which the Federal Reserve is the consolidated supervisor hold about $ trillion in total assets, representing about one-quarter of U.S. insurance industry assets.