The analysis deals mainly with the flow of funds between the various sectors in the first quarter of 1972, the latest period for which a full set of statistics is available. Comment on the second quarter is largely confined to the banking sector, money supply and central government financing. The analysis is based throughout on seasonally adjusted figures. These have been revised following the incorporation of data for 1971 in the calculation of the seasonal factors. Unadjusted flows for the first quarter are given in Table J, and a seasonally adjusted matrix in Table K. Brief notes on sources, definitions and adjustments appear on page 344.