Note 22
Deferred Income Taxes

Aggregate deffered tax amounts are sumarized below.

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December 31 (In millions)         1996     1995
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Assets
GE                             $ 4,097  $ 3,851
GECS                             3,310    1,974
                                 7,407    5,825

Liabilities
GE                               4,630    4,359
GECS                            11,050    9,176
                                15,680   13,535
Net deffered tax liability     $ 8,273  $ 7,710
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Principal components of the net deferred tax liability
balances for GE and GECS are as follows:

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December 31 (In millions)        1996      1995
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GE
Provisions for expenses       $(2,740)  $(2,539)
Retiree insurance plans          (806)     (818)
Prepaid pension asset           2,139     1,845
Depreciation                      836       928
Other--net                      1,104     1,092
                                  533       508

GECS
Financing leases                7,488     6,243
Operating leases                1,833     1,485
Net unrealized gains
   on securities                  404       608
Allowance for losses           (1,184)     (852)
Insurance reserves               (787)     (218)
AMT credit carryforwards         (561)       --
Other--net                        547       (64)
                                7,740     7,202
Net deffered tax liability    $ 8,273   $ 7,710
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