Z.1, September 20, 2012 7

D.1 Credit Market Debt Growth by Sector 1

In percent; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

 Total Total mortgage credit Total Corporate governments government sectors Foreign

1978 13.8 16.4 17.5 17.5 13.5 12.1 15.4 9.2 21.7 18.7

1979 12.1 15.0 16.4 13.9 13.5 11.3 9.0 5.8 23.0 9.6

1980 9.5 8.2 10.9 1.0 10.1 8.5 6.9 11.8 14.9 14.3

1981 10.3 7.4 7.2 5.5 13.0 13.8 8.0 11.6 18.4 12.2

1982 10.4 5.6 4.8 5.0 9.9 10.2 11.2 19.7 13.6 7.5

1983 12.0 11.1 10.2 12.1 9.1 8.3 11.4 18.9 13.3 8.3

1984 14.8 12.7 11.4 18.4 16.1 16.7 11.4 16.9 17.5 3.7

1985 15.6 16.1 14.6 15.9 11.0 12.7 31.8 16.5 19.3 0.5

1986 11.9 11.3 13.7 9.1 11.6 14.1 10.9 13.6 26.2 4.0

1987 9.1 10.4 13.4 4.8 7.8 8.8 12.0 8.0 18.3 2.5

1988 9.1 9.8 11.8 6.7 9.9 10.9 6.0 8.0 13.1 2.9

1989 7.3 9.1 10.9 6.3 6.3 7.4 5.3 7.0 10.5 3.8

1990 6.5 7.0 8.9 1.9 3.6 5.3 5.0 11.0 8.6 8.3

1991 4.4 5.1 7.0 -1.1 -2.1 -2.1 9.2 11.1 5.9 4.8

1992 4.6 5.4 6.5 1.1 -0.3 0.7 1.5 10.9 8.5 6.9

1993 5.6 6.0 5.5 7.4 3.1 5.3 5.3 8.3 9.7 18.7

1994 5.1 7.7 5.6 15.2 5.4 7.1 -3.9 4.7 14.0 -2.4

1995 5.0 7.0 4.9 14.4 6.2 7.1 -5.5 4.1 11.4 17.7

1996 5.1 6.7 6.2 9.0 6.0 6.0 -2.0 4.0 12.4 15.5

1997 5.5 5.9 6.1 5.5 9.1 9.5 4.9 0.6 12.0 10.6

1998 6.5 7.6 8.0 7.2 11.5 10.9 6.2 -1.4 19.4 5.1

1999 6.2 8.0 9.4 7.8 10.4 9.5 3.3 -1.9 16.6 2.4

2000 5.0 9.0 8.7 11.4 9.3 8.5 1.4 -8.0 10.7 8.4

2001 6.4 9.6 10.5 8.6 5.9 4.8 8.8 -0.2 10.6 -1.4

2002 7.3 10.6 13.2 5.6 3.0 1.2 11.1 7.6 9.6 10.8

2003 8.0 11.8 14.5 5.3 2.2 1.7 8.3 10.9 10.7 4.0

2004 9.3 11.1 13.5 5.6 6.7 4.7 11.9 9.0 8.6 12.4

2005 9.2 11.1 13.2 4.5 8.9 6.8 5.5 7.0 9.4 7.9

2006 8.6 9.8 11.1 5.0 10.8 9.1 3.7 3.9 10.3 22.0

2007 8.5 6.7 7.0 5.9 13.6 13.4 5.4 4.9 12.7 9.0

2008 5.9 -0.2 -0.5 0.8 6.1 4.9 0.7 24.2 5.5 -10.6

2009 3.1 -1.7 -1.4 -4.5 -2.3 -1.7 3.9 22.7 -10.6 12.4

2010 4.1 -2.2 -2.9 -1.3 0.8 3.8 2.2 20.2 -6.0 3.6

2011 3.6 -1.6 -2.3 3.4 4.7 7.2 -1.9 11.4 -2.9 1.6

2006 -- Q1 9.5 11.7 13.8 3.3 10.8 9.0 0.3 7.0 11.1 13.9

 Q2 9.0 11.1 12.7 5.0 10.1 8.2 4.5 4.0 11.3 12.4

 Q3 6.7 8.5 9.6 5.3 7.5 4.6 4.7 1.3 7.2 37.0

 Q4 8.0 6.7 6.5 6.2 13.1 13.2 5.4 3.0 10.3 18.7

2007 -- Q1 8.6 7.7 8.9 4.9 11.2 9.7 6.9 6.6 11.1 12.9

 Q2 8.3 7.2 7.7 5.5 13.8 14.1 5.9 1.4 10.4 18.2

 Q3 8.8 6.2 6.0 7.6 14.9 15.9 4.4 5.6 16.9 1.4

 Q4 7.2 4.9 4.6 5.1 11.8 11.4 4.0 5.5 10.0 3.0

2008 -- Q1 6.3 3.6 2.8 5.5 8.9 8.7 2.0 10.5 6.1 10.4

 Q2 3.4 -0.4 -0.4 2.4 7.5 6.7 1.0 5.9 6.3 -0.0

 Q3 7.1 -1.8 -2.1 -2.4 5.9 5.1 0.9 36.0 6.6 -28.5

 Q4 6.1 -2.0 -2.4 -2.3 1.8 -1.2 -1.2 37.6 2.7 -24.8

2009 -- Q1 4.4 -0.9 0.2 -3.2 -0.5 1.1 2.5 25.6 -10.8 11.3

 Q2 4.5 -1.1 -1.6 -4.7 -2.3 -1.8 4.8 27.1 -13.5 12.7

 Q3 1.9 -2.4 -2.3 -4.3 -3.7 -4.0 3.7 18.2 -10.3 15.9

 Q4 1.4 -2.4 -1.8 -6.3 -2.7 -2.3 4.2 13.2 -8.6 7.6

2010 -- Q1 3.7 -3.3 -4.9 -3.1 -0.5 4.3 2.8 21.9 -8.2 4.8

 Q2 3.9 -1.9 -2.3 -3.5 -1.8 0.6 0.4 22.2 -7.2 -3.3

 Q3 3.9 -2.4 -2.7 -0.6 2.9 5.9 1.8 15.4 -4.3 6.3

 Q4 4.6 -1.3 -2.1 2.2 2.5 4.1 3.7 16.0 -5.3 6.5

2011 -- Q1 2.5 -2.0 -2.6 2.7 3.7 6.2 -2.8 9.1 -0.8 14.4

 Q2 2.6 -2.7 -2.4 3.0 5.2 8.4 -2.6 8.2 -4.8 3.5

 Q3 4.3 -1.7 -1.8 1.9 4.2 6.5 -0.2 13.7 -2.7 -6.2

 Q4 4.9 0.1 -2.5 5.9 5.3 7.0 -2.1 12.7 -3.4 -5.1

2012 -- Q1 4.4 -0.9 -3.3 5.7 3.4 4.7 -1.2 13.7 -2.8 0.4

 Q2 5.0 1.2 -2.1 6.2 4.9 6.9 0.8 10.9 -5.1 -3.4

1. Data shown are on an end-of-period basis.
8 Z.1, September 20, 2012

D.2 Credit Market Borrowing by Sector

Billions of dollars; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

 Total Total mortgage credit Total Corporate governments government sectors Foreign

1978 389.8 156.8 105.7 46.4 141.1 82.7 39.4 52.5 73.6 24.0

1979 388.2 166.3 116.5 43.3 159.6 85.8 26.6 35.8 94.9 15.0

1980 340.3 105.3 90.2 3.4 135.4 72.2 22.2 77.4 75.8 24.2

1981 406.6 102.7 67.0 19.8 190.8 126.1 27.6 85.5 107.8 23.5

1982 451.3 84.6 47.4 18.8 163.7 105.8 41.7 161.3 93.6 16.0

1983 572.6 175.3 105.1 48.2 164.8 93.4 47.3 185.2 104.3 17.3

1984 790.9 220.4 127.3 81.7 320.8 207.1 52.5 197.2 156.2 8.4

1985 957.7 313.8 181.5 84.0 254.6 184.2 163.6 225.7 203.2 1.2

1986 845.0 258.1 198.8 55.8 296.7 229.5 74.2 216.0 330.1 9.7

1987 721.3 264.3 221.5 32.3 222.6 164.6 90.4 143.9 291.8 6.3

1988 784.4 270.4 215.7 46.6 308.5 224.4 50.4 155.1 249.8 7.4

1989 685.3 276.8 224.9 47.0 214.8 166.4 47.4 146.4 224.8 10.2

1990 658.4 233.2 200.1 15.1 131.2 130.9 47.1 246.9 207.8 23.9

1991 473.4 183.3 174.6 -8.8 -79.3 -53.1 91.2 278.2 153.1 15.1

1992 514.3 203.2 173.1 9.2 -9.3 17.1 16.5 304.0 236.5 24.1

1993 667.3 239.4 156.3 61.4 113.8 134.4 57.9 256.1 292.9 69.8

1994 640.0 324.3 166.5 135.0 205.4 191.0 -45.5 155.9 464.4 -11.2

1995 653.3 319.0 153.6 147.0 250.7 205.3 -60.8 144.4 433.6 78.3

1996 705.6 324.8 205.1 105.7 256.5 186.0 -20.5 144.9 523.2 88.0

1997 792.2 305.0 215.9 70.3 413.3 311.3 50.8 23.1 570.3 69.9

1998 998.0 414.8 301.1 97.1 569.1 390.1 66.8 -52.6 1026.5 37.2

1999 1012.2 474.5 379.2 112.4 571.6 377.8 37.3 -71.2 1052.6 19.0

2000 863.9 576.0 384.4 176.5 566.9 374.5 16.9 -295.9 790.9 63.0

2001 1158.1 665.3 506.9 150.6 393.0 229.6 105.5 -5.6 862.2 -11.2

2002 1422.7 811.2 704.7 105.2 209.4 57.5 144.6 257.6 881.4 93.4

2003 1669.5 992.8 871.7 105.9 160.1 86.2 120.5 396.0 1071.0 43.0

2004 2096.4 1052.7 934.0 117.2 495.1 240.4 186.8 361.9 938.9 155.3

2005 2321.2 1170.0 1038.7 100.4 707.1 365.5 137.2 306.9 1113.1 113.0

2006 2368.0 1150.9 984.7 115.2 935.4 520.2 98.3 183.4 1339.7 332.6

2007 2541.0 856.9 687.6 141.3 1300.1 838.5 146.9 237.1 1815.7 170.3

2008 1906.4 -21.3 -57.1 20.1 668.5 349.7 20.0 1239.2 899.1 -226.2

2009 1063.3 -228.8 -145.5 -115.8 -263.3 -129.0 111.5 1443.9 -1810.5 211.8

2010 1436.9 -295.4 -305.3 -30.5 85.9 276.0 66.2 1580.2 -939.4 75.3

2011 1325.9 -209.1 -229.3 86.4 525.7 538.5 -58.6 1067.9 -422.3 34.8

2006 -- Q1 2637.9 1365.0 1225.6 75.6 936.0 519.6 6.9 330.1 1432.9 209.7

 Q2 2545.2 1335.7 1165.4 115.9 899.7 482.0 117.3 192.6 1502.5 194.2

 Q3 1931.5 1056.6 912.1 122.9 686.9 276.3 124.4 63.6 985.4 596.8

 Q4 2357.3 846.2 635.7 146.4 1219.2 802.9 144.5 147.3 1437.9 329.6

2007 -- Q1 2577.9 991.6 878.9 117.8 1075.9 605.7 188.1 322.4 1580.5 243.3

 Q2 2534.3 942.8 775.1 132.6 1357.6 905.2 164.0 69.9 1544.2 350.1

 Q3 2744.7 828.0 618.3 186.2 1515.8 1056.0 122.4 278.5 2561.4 28.3

 Q4 2306.9 665.1 478.1 128.4 1251.3 787.3 113.0 277.5 1576.8 59.6

2008 -- Q1 2055.4 489.8 294.2 139.8 967.4 618.7 58.0 540.2 984.0 221.3

 Q2 1119.8 -50.1 -45.5 61.4 831.7 490.1 29.3 308.9 1042.6 -0.1

 Q3 2368.9 -243.5 -220.9 -62.1 664.3 376.7 26.4 1921.7 1102.4 -622.8

 Q4 2081.6 -281.4 -256.3 -58.8 210.8 -86.7 -33.8 2185.9 467.5 -503.3

2009 -- Q1 1518.2 -125.6 21.5 -80.6 -56.5 80.6 72.5 1627.7 -1840.8 192.3

 Q2 1565.5 -145.8 -171.3 -118.5 -265.6 -134.4 140.3 1836.5 -2311.3 224.0

 Q3 673.9 -319.1 -241.2 -107.7 -428.6 -295.5 109.5 1312.1 -1710.4 287.9

 Q4 495.5 -324.8 -190.9 -156.5 -302.5 -166.9 123.6 999.2 -1379.7 143.1

2010 -- Q1 1297.9 -441.6 -509.2 -75.9 -52.8 313.9 84.7 1707.6 -1289.3 99.5

 Q2 1385.7 -249.8 -230.6 -85.0 -206.6 45.6 11.9 1830.1 -1078.1 -68.9

 Q3 1399.1 -315.6 -271.8 -13.4 321.6 436.1 55.6 1337.6 -624.7 132.0

 Q4 1665.0 -174.7 -209.6 52.2 281.5 308.2 112.6 1445.6 -765.4 138.6

2011 -- Q1 912.5 -264.9 -256.6 67.7 411.7 466.7 -85.3 850.9 -114.0 319.5

 Q2 952.8 -355.5 -238.0 77.9 594.4 638.6 -77.9 791.8 -701.7 80.5

 Q3 1591.2 -223.1 -178.4 48.2 482.3 500.7 -7.0 1339.0 -386.6 -144.8

 Q4 1846.9 6.9 -244.2 152.0 614.3 547.8 -64.3 1290.0 -487.0 -115.9

2012 -- Q1 1671.2 -121.3 -323.3 148.8 401.4 377.6 -37.0 1428.1 -392.7 9.8

 Q2 1945.9 157.3 -205.0 166.4 582.2 558.8 23.6 1182.9 -721.4 -77.7
Z.1, September 20, 2012 9

D.3 Credit Market Debt Outstanding by Sector 1

Billions of dollars; quarterly figures are seasonally adjusted 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

 Total Total mortgage credit Total Corporate governments government sectors Foreign

1978 3207.9 1111.2 708.6 311.3 1179.3 761.1 295.6 621.9 412.7 155.7

1979 3596.3 1278.5 826.7 354.6 1337.9 845.9 322.2 657.7 508.9 168.5

1980 3944.3 1396.0 926.5 358.0 1468.9 913.8 344.4 735.0 584.7 193.4

1981 4351.9 1505.9 998.2 377.9 1653.4 1033.6 372.1 820.5 689.2 214.0

1982 4773.1 1575.8 1031.1 396.7 1801.8 1124.1 413.8 981.8 785.5 208.1

1983 5348.6 1731.1 1116.2 444.9 1989.5 1240.5 461.1 1167.0 890.1 224.1

1984 6134.8 1943.1 1242.8 526.6 2313.8 1451.2 513.6 1364.2 1054.9 232.8

1985 7110.6 2277.7 1449.6 610.6 2565.1 1632.1 677.9 1589.9 1259.0 242.5

1986 7953.0 2534.2 1648.3 666.4 2860.8 1860.6 752.1 1805.9 1596.6 251.9

1987 8656.1 2752.5 1827.9 698.6 3111.2 2053.0 842.6 1949.8 1899.7 259.0

1988 9437.0 3039.8 2054.2 745.2 3399.3 2257.3 893.0 2104.9 2149.5 269.8

1989 10139.3 3309.2 2259.5 809.3 3638.6 2448.4 940.4 2251.2 2402.8 287.9

1990 10825.1 3571.6 2488.8 824.4 3767.9 2577.4 987.4 2498.1 2613.8 318.2

1991 11295.2 3758.5 2667.0 815.6 3681.7 2519.7 1078.6 2776.4 2766.8 350.4

1992 11812.7 3961.7 2840.0 824.8 3675.6 2540.0 1095.1 3080.3 3018.9 372.4

1993 12494.8 4203.5 2998.7 886.2 3801.8 2686.9 1153.0 3336.5 3317.2 468.2

1994 13141.1 4527.0 3165.3 1021.2 4014.3 2885.0 1107.5 3492.3 3789.7 443.1

1995 13810.3 4846.1 3318.9 1168.2 4280.7 3106.1 1046.7 3636.7 4226.3 567.6

1996 14515.9 5183.8 3537.0 1273.9 4524.2 3279.1 1026.2 3781.7 4749.5 657.2

1997 15306.5 5489.4 3752.9 1344.2 4935.4 3588.3 1076.9 3804.8 5299.7 723.6

1998 16304.6 5902.9 4054.0 1441.3 5505.8 3979.7 1143.8 3752.2 6326.2 783.2

1999 17351.4 6377.6 4430.8 1553.6 6111.8 4391.9 1181.0 3681.0 7376.5 748.2

2000 18225.2 6963.5 4814.0 1741.3 6678.7 4766.4 1197.9 3385.1 8168.4 814.5

2001 19366.4 7627.8 5320.9 1891.8 7055.7 4979.9 1303.4 3379.5 9156.8 865.4

2002 20789.1 8439.1 6025.6 1997.0 7265.1 5037.5 1447.9 3637.0 10038.2 1072.8

2003 22502.7 9462.0 6907.0 2102.9 7439.2 5137.8 1568.4 4033.1 10944.5 1253.3

2004 25351.0 10534.9 7855.8 2220.1 7935.7 5379.6 2485.4 4395.0 11898.3 1438.8

2005 27672.2 11704.9 8894.5 2320.6 8642.9 5745.1 2622.6 4701.9 12956.9 1513.9

2006 30022.5 12839.7 9879.2 2385.0 9576.6 6263.6 2720.9 4885.3 14278.6 1882.6

2007 32572.5 13699.1 10566.9 2528.8 10883.3 7108.7 2867.8 5122.3 16224.1 2126.3

2008 34478.9 13682.7 10514.7 2548.9 11546.8 7453.5 2887.8 6361.5 17122.9 1708.8

2009 35414.6 13410.5 10369.2 2438.8 11199.4 7240.4 2999.3 7805.4 15708.5 2090.3

2010 36832.0 13137.5 9950.9 2545.3 11243.4 7478.1 3065.5 9385.6 14498.3 2225.3

2011 38163.3 12933.7 9721.6 2631.7 11769.1 8018.1 3006.8 10453.6 14070.6 2276.7

2006 -- Q1 28310.4 12026.9 9200.9 2318.1 8874.8 5872.9 2624.4 4784.4 13298.2 1566.3

 Q2 28950.3 12364.0 9492.3 2328.4 9100.1 5993.8 2653.7 4832.5 13672.8 1614.9

 Q3 29433.2 12628.1 9720.3 2359.1 9271.8 6062.9 2684.8 4848.4 13919.1 1764.1

 Q4 30022.5 12839.7 9879.2 2385.0 9576.6 6263.6 2720.9 4885.3 14278.6 1882.6

2007 -- Q1 30673.5 13087.6 10099.0 2414.4 9852.1 6421.6 2767.9 4965.9 14801.0 1924.0

 Q2 31307.0 13323.3 10292.7 2447.6 10191.5 6647.9 2808.9 4983.3 15187.0 2011.5

 Q3 31995.8 13532.8 10447.3 2496.7 10570.4 6911.9 2839.5 5053.0 15829.9 2018.6

 Q4 32572.5 13699.1 10566.9 2528.8 10883.3 7108.7 2867.8 5122.3 16224.1 2126.3

2008 -- Q1 33086.3 13821.6 10640.4 2563.7 11125.1 7263.3 2882.3 5257.4 16470.1 2181.6

 Q2 33366.3 13809.0 10629.0 2579.1 11333.0 7385.8 2889.6 5334.6 16730.8 2181.6

 Q3 33958.5 13753.1 10578.7 2563.6 11494.1 7475.0 2896.2 5815.0 17006.0 2025.6

 Q4 34478.9 13682.7 10514.7 2548.9 11546.8 7453.5 2887.8 6361.5 17122.9 1708.8

2009 -- Q1 34797.4 13580.7 10520.0 2528.7 11542.3 7483.1 2905.9 6768.5 17115.3 1756.9

 Q2 35188.7 13544.3 10477.2 2504.9 11475.9 7449.6 2941.0 7227.6 16537.5 1812.8

 Q3 35357.2 13464.5 10416.9 2477.9 11368.8 7375.8 2968.3 7555.6 16109.9 1884.8

 Q4 35414.6 13410.5 10369.2 2438.8 11199.4 7240.4 2999.3 7805.4 15708.5 2090.3

2010 -- Q1 35770.3 13312.9 10240.7 2423.4 11204.6 7336.5 3020.4 8232.3 14878.1 2115.7

 Q2 36116.7 13250.5 10183.1 2402.2 11152.9 7348.2 3023.4 8689.8 14608.6 2098.5

 Q3 36466.5 13171.6 10115.1 2398.8 11233.3 7457.4 3037.3 9024.2 14452.4 2131.5

 Q4 36832.0 13137.5 9950.9 2545.3 11243.4 7478.1 3065.5 9385.6 14498.3 2225.3

2011 -- Q1 37060.2 13071.3 9886.7 2562.2 11346.4 7595.1 3044.1 9598.4 14469.8 2305.2

 Q2 37303.7 12987.8 9827.2 2581.7 11495.0 7755.2 3024.7 9796.3 14289.0 2325.3

 Q3 37701.5 12932.0 9782.6 2593.7 11615.5 7880.7 3022.9 10131.1 14192.3 2289.1

 Q4 38163.3 12933.7 9721.6 2631.7 11769.1 8018.1 3006.8 10453.6 14070.6 2276.7

2012 -- Q1 38576.6 12905.7 9640.7 2668.9 11862.7 8103.7 2997.6 10810.6 14035.9 2282.5

 Q2 39063.1 12945.1 9589.5 2708.5 12008.2 8244.5 3003.5 11106.3 13855.6 2263.1

1. Data shown are on an end-of-period basis.