Z.1, March 7, 2013 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

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 9.2 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 4.9 8.8 -0.2 10.6 -1.4

2002 7.4 10.6 13.2 5.6 3.0 1.3 11.1 7.6 9.6 10.8

2003 8.0 11.8 14.5 5.3 2.2 1.8 8.3 10.9 10.7 4.0

2004 9.3 11.1 13.6 5.6 6.7 4.8 11.4 9.0 8.6 12.4

2005 9.2 11.2 13.3 4.5 9.0 6.9 5.8 7.0 9.4 7.9

2006 8.6 9.9 11.1 5.0 10.9 9.2 3.9 3.9 10.3 22.0

2007 8.5 6.6 6.9 5.9 13.7 13.5 5.5 4.9 12.7 9.0

2008 5.8 -0.2 -0.6 0.8 6.2 5.0 0.6 24.2 5.5 -10.6

2009 3.1 -1.7 -1.4 -4.5 -2.1 -1.7 4.0 22.7 -10.6 12.4

2010 4.1 -2.7 -3.5 -1.3 1.4 2.6 2.3 20.2 -6.0 3.6

2011 3.7 -1.6 -2.3 3.4 4.8 7.1 -1.7 11.4 -3.0 1.6

2012 4.8 0.2 -2.3 5.9 5.7 7.6 -0.2 10.9 -3.3 2.1

2006 -- Q1 9.6 11.7 13.9 3.3 10.9 9.2 0.3 7.0 11.1 13.9

 Q2 9.0 11.1 12.6 5.0 10.2 8.4 4.6 4.0 11.3 12.4

 Q3 6.7 8.5 9.6 5.3 7.6 4.8 4.7 1.3 7.2 37.0

 Q4 8.1 6.8 6.7 6.2 13.2 13.3 5.8 3.0 10.3 18.7

2007 -- Q1 8.5 7.3 8.4 4.9 11.4 9.9 7.0 6.6 11.1 12.9

 Q2 8.3 7.2 7.7 5.5 13.8 14.2 5.9 1.4 10.4 18.2

 Q3 9.0 6.8 6.7 7.6 15.0 16.0 4.2 5.6 16.8 1.4

 Q4 7.1 4.6 4.2 5.1 11.9 11.5 4.3 5.5 10.0 3.0

2008 -- Q1 6.4 3.6 2.8 5.5 9.0 8.9 2.0 10.5 6.1 10.4

 Q2 3.4 -0.4 -0.4 2.4 7.6 6.9 0.7 5.9 6.4 -0.0

 Q3 7.0 -2.0 -2.3 -2.4 5.7 4.9 0.6 36.0 6.6 -28.5

 Q4 6.2 -2.1 -2.5 -2.3 1.9 -1.0 -0.8 37.6 2.7 -24.8

2009 -- Q1 4.4 -0.9 0.2 -3.2 -0.3 0.3 2.6 25.6 -10.7 11.3

 Q2 4.5 -1.1 -1.7 -4.7 -2.1 -1.4 5.0 27.1 -13.5 12.7

 Q3 1.9 -2.4 -2.4 -4.3 -3.6 -3.6 3.8 18.2 -10.3 15.9

 Q4 1.5 -2.4 -1.9 -6.3 -2.5 -1.9 4.3 13.2 -8.6 7.6

2010 -- Q1 3.7 -3.7 -5.5 -3.1 0.2 1.0 3.1 21.9 -8.2 4.8

 Q2 3.9 -2.3 -2.8 -3.5 -1.1 -1.3 0.4 22.2 -7.3 -3.3

 Q3 3.9 -2.8 -3.3 -0.6 3.5 5.6 1.8 15.4 -4.3 6.3

 Q4 4.6 -1.8 -2.7 2.1 3.1 5.1 3.9 16.0 -5.3 6.5

2011 -- Q1 2.5 -2.0 -2.6 2.7 3.8 6.2 -2.8 9.1 -0.8 14.4

 Q2 2.6 -2.7 -2.4 3.0 5.4 8.2 -2.8 8.2 -4.9 3.5

 Q3 4.3 -1.7 -1.8 1.8 4.3 6.4 -0.2 13.7 -3.2 -6.2

 Q4 5.0 0.1 -2.5 5.8 5.2 7.0 -1.2 12.7 -3.5 -5.1

2012 -- Q1 4.7 -0.9 -3.4 5.7 4.2 6.0 -0.0 13.7 -2.4 -0.2

 Q2 5.2 1.3 -2.2 6.4 4.9 6.4 3.1 10.9 -4.9 -5.0

 Q3 2.6 -2.0 -3.1 4.2 4.7 6.5 -0.1 6.2 -2.2 4.0

 Q4 6.4 2.4 -0.8 6.6 8.7 10.7 -3.7 11.2 -3.6 9.7

1. Data shown are on an end-of-period basis.
8 Z.1, March 7, 2013

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

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 653.5 319.0 153.6 147.0 250.8 205.5 -60.8 144.4 433.6 78.3

1996 706.1 324.8 205.1 105.7 256.9 186.5 -20.5 144.9 523.2 88.0

1997 793.2 305.0 215.9 70.3 414.3 312.3 50.8 23.1 570.3 69.9

1998 998.5 414.8 301.1 97.1 569.5 390.5 66.8 -52.6 1026.5 37.2

1999 1011.9 474.5 379.2 112.4 571.3 377.5 37.3 -71.2 1052.6 19.0

2000 865.1 576.0 384.4 176.5 568.1 375.7 16.9 -295.9 790.9 63.0

2001 1162.6 665.3 506.9 150.6 397.5 234.0 105.5 -5.6 862.2 -11.2

2002 1428.5 811.2 704.7 105.2 215.1 63.3 144.6 257.6 881.4 93.4

2003 1672.4 992.8 871.7 105.9 163.0 89.2 120.5 396.0 1071.0 43.0

2004 2095.7 1054.1 936.5 117.2 500.9 246.2 178.8 361.9 939.0 155.3

2005 2343.3 1180.3 1048.7 100.4 714.4 372.7 141.7 306.9 1113.4 113.0

2006 2387.5 1155.6 989.4 115.2 947.6 532.4 100.9 183.4 1340.0 332.6

2007 2552.4 853.0 683.3 141.3 1315.7 854.0 146.7 237.1 1815.5 170.3

2008 1907.3 -28.4 -65.6 20.1 678.7 359.9 17.9 1239.2 899.2 -226.2

2009 1078.0 -234.4 -151.0 -115.9 -244.5 -124.5 113.0 1443.9 -1810.6 211.8

2010 1457.1 -355.4 -365.2 -30.7 162.7 192.3 69.5 1580.2 -940.1 75.3

2011 1351.1 -209.6 -229.1 85.8 545.5 532.4 -52.7 1067.9 -439.1 34.8

2012 1848.0 26.1 -225.2 153.8 687.2 609.1 -5.5 1140.2 -461.7 47.8

2006 -- Q1 2661.5 1373.9 1234.4 75.6 949.8 533.4 7.7 330.1 1435.7 209.7

 Q2 2558.6 1333.3 1163.4 115.9 913.9 496.2 118.9 192.6 1498.9 194.2

 Q3 1938.3 1055.0 910.6 122.9 697.6 287.1 122.0 63.6 986.8 596.8

 Q4 2391.8 860.2 649.1 146.4 1229.2 812.8 155.1 147.3 1438.7 329.6

2007 -- Q1 2546.5 941.1 828.5 117.8 1093.6 623.5 189.3 322.4 1584.0 243.3

 Q2 2545.6 943.7 776.0 132.6 1371.5 919.2 160.5 69.9 1544.4 350.1

 Q3 2830.4 900.4 690.2 186.2 1534.0 1074.2 117.5 278.5 2557.9 28.3

 Q4 2287.0 626.6 438.4 128.4 1263.4 799.4 119.4 277.5 1575.8 59.6

2008 -- Q1 2073.4 490.6 294.5 139.8 986.2 637.6 56.5 540.2 982.2 221.3

 Q2 1129.8 -49.1 -47.0 61.4 849.6 508.1 20.3 308.9 1046.4 -0.1

 Q3 2324.2 -270.7 -248.4 -62.1 655.4 367.8 17.8 1921.7 1102.5 -622.8

 Q4 2101.9 -284.6 -261.6 -58.8 223.4 -74.1 -22.8 2185.9 465.8 -503.3

2009 -- Q1 1534.1 -129.3 18.0 -80.6 -37.4 24.9 73.0 1627.7 -1840.5 192.3

 Q2 1582.8 -150.8 -176.4 -118.5 -245.2 -108.1 142.3 1836.5 -2310.1 224.0

 Q3 680.0 -329.6 -251.6 -107.7 -413.1 -274.2 110.7 1312.1 -1711.2 287.9

 Q4 515.2 -327.9 -193.9 -156.8 -282.2 -140.7 126.0 999.2 -1380.5 143.1

2010 -- Q1 1325.1 -500.4 -568.5 -75.6 24.8 73.8 93.1 1707.6 -1290.2 99.5

 Q2 1403.4 -310.2 -290.8 -85.0 -129.1 -97.0 12.6 1830.1 -1079.2 -68.9

 Q3 1413.2 -375.6 -331.7 -13.4 396.7 409.6 54.6 1337.6 -624.3 132.0

 Q4 1686.5 -235.5 -269.9 51.1 358.5 382.8 117.8 1445.6 -766.8 138.6

2011 -- Q1 938.5 -264.3 -256.8 69.3 437.4 465.4 -85.6 850.9 -114.1 319.5

 Q2 969.8 -356.2 -238.6 77.3 617.5 623.0 -83.3 791.8 -701.8 80.5

 Q3 1616.7 -225.6 -178.4 46.8 507.9 493.5 -4.5 1339.0 -450.9 -144.8

 Q4 1879.4 7.7 -242.6 149.9 619.1 547.5 -37.4 1290.0 -489.5 -115.9

2012 -- Q1 1816.4 -118.4 -324.8 150.5 507.7 480.4 -1.0 1428.1 -339.9 -4.1

 Q2 2027.7 162.1 -206.1 169.6 589.6 521.1 93.0 1182.9 -691.1 -115.0

 Q3 1011.9 -251.4 -294.6 113.5 575.9 533.2 -2.8 690.2 -306.2 90.3

 Q4 2536.0 312.0 -75.5 181.7 1075.6 901.9 -111.1 1259.4 -509.6 219.9
Z.1, March 7, 2013 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

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 13810.4 4846.1 3318.9 1168.2 4280.9 3106.2 1046.7 3636.7 4226.3 567.6

1996 14516.5 5183.8 3537.0 1273.9 4524.8 3279.7 1026.2 3781.7 4749.5 657.2

1997 15308.2 5489.4 3752.9 1344.2 4937.0 3590.0 1076.9 3804.8 5299.7 723.6

1998 16306.7 5902.9 4054.0 1441.3 5507.9 3981.8 1143.8 3752.2 6326.2 783.2

1999 17353.2 6377.6 4430.8 1553.6 6113.6 4393.7 1181.0 3681.0 7376.5 748.2

2000 18228.1 6963.5 4814.0 1741.3 6681.6 4769.3 1197.9 3385.1 8168.4 814.5

2001 19373.7 7627.8 5320.9 1891.8 7063.0 4987.3 1303.4 3379.5 9156.8 865.4

2002 20802.2 8439.1 6025.6 1997.0 7278.2 5050.6 1447.9 3637.0 10038.2 1072.8

2003 22518.8 9462.0 6907.0 2102.9 7455.3 5153.9 1568.4 4033.1 10944.5 1253.3

2004 25346.4 10536.1 7858.4 2220.1 7967.1 5411.0 2448.2 4395.0 11898.3 1438.8

2005 27689.6 11716.4 8907.1 2320.6 8681.5 5783.7 2589.8 4701.9 12957.3 1513.9

2006 30059.4 12856.0 9896.5 2385.0 9627.5 6314.5 2690.8 4885.3 14279.6 1882.6

2007 32620.9 13711.5 10579.7 2528.8 10949.6 7175.0 2837.5 5122.3 16224.9 2126.3

2008 34528.2 13688.0 10519.1 2548.9 11623.3 7529.9 2855.4 6361.5 17123.8 1708.8

2009 35478.6 13410.1 10368.1 2438.7 11294.6 7321.4 2968.4 7805.4 15709.3 2090.3

2010 36912.8 13073.7 9889.8 2541.6 11415.5 7475.5 3038.0 9385.6 14498.4 2225.3

2011 38269.2 12869.4 9660.7 2627.4 11961.0 8009.4 2985.3 10453.6 14053.9 2276.7

2012 40098.5 12830.8 9430.5 2779.2 12694.2 8663.3 2979.8 11593.7 13852.2 2330.1

2006 -- Q1 28333.7 12040.6 9215.7 2318.1 8916.9 5915.0 2591.8 4784.4 13299.6 1566.3

 Q2 28976.9 12377.1 9506.6 2328.4 9145.7 6039.5 2621.5 4832.5 13673.2 1614.9

 Q3 29461.5 12640.9 9734.2 2359.1 9320.2 6111.2 2652.0 4848.4 13919.9 1764.1

 Q4 30059.4 12856.0 9896.5 2385.0 9627.5 6314.5 2690.8 4885.3 14279.6 1882.6

2007 -- Q1 30702.6 13091.2 10103.6 2414.4 9907.4 6476.8 2738.1 4965.9 14802.8 1924.0

 Q2 31339.0 13327.2 10297.6 2447.6 10250.2 6706.6 2778.2 4983.3 15188.9 2011.5

 Q3 32049.1 13554.8 10470.1 2496.7 10633.7 6975.2 2807.6 5053.0 15831.0 2018.6

 Q4 32620.9 13711.5 10579.7 2528.8 10949.6 7175.0 2837.5 5122.3 16224.9 2126.3

2008 -- Q1 33139.2 13834.1 10653.4 2563.7 11196.2 7334.3 2851.6 5257.4 16470.5 2181.6

 Q2 33421.7 13821.8 10641.6 2579.1 11408.6 7461.3 2856.7 5334.6 16732.0 2181.6

 Q3 34002.7 13759.1 10584.5 2563.6 11567.4 7548.3 2861.1 5815.0 17007.3 2025.6

 Q4 34528.2 13688.0 10519.1 2548.9 11623.3 7529.9 2855.4 6361.5 17123.8 1708.8

2009 -- Q1 34850.6 13585.0 10523.6 2528.7 11623.5 7545.7 2873.7 6768.5 17116.3 1756.9

 Q2 35246.3 13547.3 10479.5 2504.9 11562.2 7518.7 2909.2 7227.6 16538.7 1812.8

 Q3 35416.3 13464.9 10416.6 2477.9 11458.9 7450.2 2936.9 7555.6 16110.9 1884.8

 Q4 35478.6 13410.1 10368.1 2438.7 11294.6 7321.4 2968.4 7805.4 15709.3 2090.3

2010 -- Q1 35841.1 13297.8 10224.8 2423.4 11319.3 7357.4 2991.7 8232.3 14878.7 2115.7

 Q2 36192.0 13220.3 10152.1 2402.2 11287.0 7333.5 2994.8 8689.8 14608.9 2098.5

 Q3 36545.3 13126.4 10069.2 2398.8 11386.2 7436.1 3008.5 9024.2 14452.8 2131.5

 Q4 36912.8 13073.7 9889.8 2541.6 11415.5 7475.5 3038.0 9385.6 14498.4 2225.3

2011 -- Q1 37147.4 13007.6 9825.6 2558.9 11524.9 7592.2 3016.6 9598.4 14469.8 2305.2

 Q2 37395.2 12923.9 9766.0 2578.2 11679.2 7748.3 2995.7 9796.3 14289.0 2325.3

 Q3 37799.4 12867.5 9721.4 2589.9 11806.2 7872.1 2994.6 10131.1 14176.3 2289.1

 Q4 38269.2 12869.4 9660.7 2627.4 11961.0 8009.4 2985.3 10453.6 14053.9 2276.7

2012 -- Q1 38718.9 12842.2 9579.5 2665.0 12081.1 8120.6 2985.0 10810.6 14032.5 2279.0

 Q2 39220.8 12877.7 9523.0 2705.4 12228.5 8252.0 3008.3 11106.3 13859.7 2250.3

 Q3 39466.0 12755.1 9449.3 2733.8 12424.4 8437.4 3007.6 11278.9 13969.4 2275.2

 Q4 40098.5 12830.8 9430.5 2779.2 12694.2 8663.3 2979.8 11593.7 13852.2 2330.1

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