"Page: 9  September 16, 2004"
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"F.1 Total Net Borrowing and Lending in Credit Markets 1"
"Billions of dollars; quarterly figures are seasonally adjusted annual rates                                                                                                                                                     "
""
"","1999","2000","2001","2002","2003","2003","2003","2003","2003","2004","2004","",
"Description","","","","","","Q1","Q2","Q3","Q4","Q1","Q2","",
"All sectors credit market instruments, excluding corporate equities liability","    2087.5","    1702.8","    1973.1","    2158.9","    2640.3","    2501.0","    3094.1","    2491.6","    2474.3","    2757.5","    2578.7","    1",
"Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability","    1020.4","     841.6","    1123.2","    1323.2","    1672.9","    1514.1","    2294.0","    1509.3","    1374.3","    2034.8","    1756.5","    2",
"Federal government credit  market instruments liability","     -71.2","    -295.9","      -5.6","     257.6","     396.0","     184.0","     723.0","     317.1","     360.0","     483.9","     444.9","    3",
"Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities liability","    1091.6","    1137.4","    1128.8","    1065.7","    1276.9","    1330.1","    1570.9","    1192.2","    1014.3","    1550.9","    1311.6","    4",
"Households and nonprofit organizations credit and equity market instruments liability","     483.8","     561.0","     628.0","     731.5","     856.6","     945.2","     999.1","     844.6","     637.6","    1045.5","     904.9","    5",
"Nonfarm nonfinancial corporate business credit market instruments liability","     373.7","     357.2","     228.2","      34.2","     155.3","     174.1","     269.0","      77.9","     100.3","     236.2","     145.9","    6",
"Nonfarm noncorporate business credit and equity market instruments liability","     190.2","     192.9","     156.4","     148.3","     139.5","     105.0","     133.9","     148.7","     170.3","     116.1","     172.8","    7",
"Farm business credit and equity market instruments liability","       5.3","      10.9","      10.5","       7.9","       7.7","       6.3","       2.9","      11.9","       9.8","       4.5","      13.8","    8",
"State and local governments, excluding employee retirement funds credit  market instruments liability","      38.5","      15.5","     105.8","     143.9","     117.8","      99.5","     166.1","     109.1","      96.3","     148.6","      74.3","    9",
"Rest of the world credit market instruments, excluding corporate equities liability","      13.0","      57.0","     -49.8","       5.6","     -15.7","      17.8","     -61.8","     -64.7","      46.0","      70.8","     -63.8","   10",
"Total finance credit market instruments, excluding corporate equities liability","    1054.2","     804.2","     899.6","     830.0","     983.0","     969.0","     861.9","    1047.0","    1054.1","     651.8","     885.9","   11",
"Commercial banking credit market instruments, excluding corporate equities liability","      67.2","      60.0","      52.9","      49.7","      49.2","      80.9","      28.0","       2.8","      85.2","     187.6","       7.1","   12",
"U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability","      41.8","      36.8","      30.2","      29.9","      13.9","      15.7","      28.7","      -6.0","      17.1","      85.0","      -9.3","   13",
"Foreign banking offices in the U.S. acceptances liability","      -0.4","      -0.0","      -0.9","      -0.4","      -0.1","      -0.5","      -0.2","       0.1","       0.3","      -0.1","       0.3","   14",
"Bank holding companies credit market instruments, excluding corporate equities liability","      25.8","      23.2","      23.6","      20.3","      35.4","      65.7","      -0.6","       8.7","      67.8","     102.8","      16.1","   15",
"Savings institutions credit market instruments liability","      48.0","      27.3","      -2.0","     -23.4","       6.1","     -18.0","      16.9","       0.4","      25.0","      -7.0","     184.4","   16",
"Credit unions FHLB advances (other loans and advances) liability","       2.2","       0.0","       1.5","       2.0","       2.2","       2.8","       1.6","       3.3","       1.0","      -2.7","       4.9","   17",
"Life insurance companies FHLB advances (other loans and advances) liability","       0.7","      -0.7","       0.6","       2.0","       2.9","       4.4","       1.5","       3.1","       2.5","      -0.4","       2.7","   18",
"Government-sponsored enterprises credit and equity market instruments liability","     318.8","     235.2","     304.1","     219.8","     243.7","     222.9","     191.4","     460.8","      99.9","      18.2","     234.4","   19",
"Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset","     274.6","     199.7","     338.5","     326.8","     330.4","     272.2","     266.9","     307.6","     474.7","      65.6","      73.9","   20",
"Issuers of asset-backed securities total financial liabilities liability","     191.5","     183.0","     254.0","     193.5","     201.1","     257.7","     241.1","     167.8","     137.8","     130.7","     308.8","   21",
"Finance companies credit and equity market instruments liability","      70.7","      81.9","       1.3","      42.2","     117.3","      45.6","     171.1","     104.1","     148.2","     133.8","     -19.8","   22",
"Mortgage companies bank loans not elsewhere classified liability","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","   23",
"Real estate investment trusts credit market instruments, excluding corporate equities liability","       6.3","       2.7","       2.5","      19.8","      24.7","      17.5","      12.9","      36.4","      32.1","      56.0","      44.5","   24",
"Security brokers and dealers corporate and foreign bonds liability","     -17.2","      15.6","       1.4","      -1.7","       6.4","      38.4","     -16.2","       9.9","      -6.6","      51.9","       3.0","   25",
"Funding corporations credit market instruments, excluding corporate equities liability","      91.5","      -0.4","     -55.2","      -0.6","      -0.9","      44.6","     -53.3","     -49.2","      54.3","      18.0","      42.2","   26",
"All sectors credit market instruments, excluding corporate equities liability","    2087.5","    1702.8","    1973.1","    2158.9","    2640.3","    2501.0","    3094.1","    2491.6","    2474.3","    2757.5","    2578.7","   27",
"Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities asset","     118.7","     -80.4","       7.1","       8.5","     233.6","    -120.5","      52.1","     689.1","     313.6","    -303.4","     271.1","   28",
"Households and nonprofit organizations credit market instruments, excluding corporate equities asset","      43.7","    -119.1","    -109.6","     -39.6","     144.3","    -197.0","     -74.3","     570.5","     278.0","    -439.9","     163.7","   29",
"Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset","     -22.8","      25.1","       1.8","      21.6","      31.1","      65.8","      67.9","      24.8","     -34.3","      85.7","      61.2","   30",
"Nonfarm noncorporate business credit market instruments, excluding corporate equities asset","      -2.9","       1.3","       7.1","       3.7","       1.4","      -0.2","       4.1","       0.8","       0.9","       0.1","      -1.0","   31",
"State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset","     100.6","      12.3","     107.8","      22.8","      56.8","      11.0","      54.4","      92.9","      69.0","      50.7","      47.2","   32",
"Federal government credit  market instruments asset","       6.4","      11.6","       6.0","       9.6","      -2.5","     -17.9","      -8.1","      20.1","      -4.3","       4.7","     -12.7","   33",
"Rest of the world credit market instruments, excluding corporate equities asset","     171.2","     241.9","     305.3","     422.8","     538.2","     402.4","     746.8","     321.4","     682.3","     952.7","     773.7","   34",
"Total finance credit market instruments, excluding corporate equities asset","    1791.3","    1529.6","    1654.7","    1718.0","    1871.0","    2236.9","    2303.2","    1461.0","    1482.7","    2103.5","    1546.6","   35",
"Monetary authority credit market instruments asset","      25.7","      33.7","      39.9","      77.7","      37.2","      37.3","      40.3","      37.6","      33.8","      16.2","      53.0","   36",
"Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset","     312.2","     357.9","     205.2","     404.4","     299.5","     406.6","     591.4","      -6.1","     206.1","     880.8","     491.4","   37",
"U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset","     318.6","     339.5","     191.6","     393.8","     323.3","     384.9","     524.6","     100.5","     283.0","     849.5","     491.1","   38",
"Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset","     -17.0","      23.9","      -0.6","       6.2","     -43.0","       1.6","      11.6","    -100.0","     -85.3","      18.3","     -15.9","   39",
"Bank holding companies credit market instruments, excluding corporate equities asset","       6.2","     -12.2","       4.2","       3.1","       8.6","      20.8","      39.7","     -26.1","       0.2","       1.2","      -2.3","   40",
"Banks in U.S.-affiliated areas credit market instruments asset","       4.4","       6.7","      10.0","       1.3","      10.6","      -0.7","      15.5","      19.4","       8.1","      11.9","      18.5","   41",
"Savings institutions credit market instruments asset","      67.2","      56.2","      44.6","      33.6","     126.3","     186.9","     107.9","      66.4","     143.9","     225.4","     164.6","   42",
"Credit unions credit market instruments, excluding corporate equities asset","      27.5","      28.0","      41.5","      42.7","      50.7","      45.0","      79.4","      83.6","      -5.3","      45.7","      64.8","   43",
"Bank personal trusts and estates credit market instruments, excluding corporate equities asset","      27.8","       0.8","     -28.1","       0.9","      -2.4","      -2.7","      -2.5","      -2.5","      -2.0","      12.9","       3.4","   44",
"Life insurance companies credit market instruments, excluding corporate equities asset","      53.5","      57.9","     130.9","     233.0","     180.6","     283.0","     236.4","     117.1","      85.9","     235.1","     213.4","   45",
"Other (that is, property-casualty) insurance companies credit market instruments, excluding corporate equities asset","      -3.0","      -8.7","       9.0","      39.9","      67.0","      56.2","      49.7","      68.7","      93.3","     105.3","      72.0","   46",
"Private pension funds credit market instruments, excluding corporate equities asset","      99.3","       3.8","     -15.8","      21.1","       4.1","       7.3","      24.3","     -11.8","      -3.3","      25.6","      -9.7","   47",
"State and local government employee retirement funds credit market instruments, excluding corporate equities asset","      39.7","      49.2","     -36.9","      -7.1","      20.8","     -20.3","      56.7","     -21.7","      68.7","      33.7","      58.5","   48",
"Federal government retirement funds credit market instruments, excluding corporate equities asset","       2.9","       2.1","       9.7","      13.0","       6.3","      28.5","       2.5","      -0.8","      -4.8","       0.8","       6.8","   49",
"Money market mutual funds credit market instruments asset","     182.0","     143.0","     246.0","     -25.3","    -113.1","    -128.4","     158.4","    -214.9","    -267.8","    -228.9","    -121.9","   50",
"Mutual funds credit market instruments asset","      48.4","      20.9","     126.1","     144.2","     137.7","     213.0","     258.4","     -14.5","      93.9","     210.2","      11.1","   51",
"Closed-end funds credit market instruments asset","       9.6","      -5.6","       3.2","       8.6","      36.2","      26.1","      60.1","      42.5","      16.1","       8.7","      22.9","   52",
"Exchange-traded funds credit market instruments asset","       0.0","       0.0","       0.0","       3.7","       0.7","      -1.1","       0.4","       1.6","       2.0","       5.1","       3.5","   53",
"Government-sponsored enterprises credit and equity market instruments asset","     287.3","     246.0","     304.7","     224.1","     241.9","     246.9","      85.8","     581.2","      53.6","      -1.7","     193.8","   54",
"Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset","     274.6","     199.7","     338.5","     326.8","     330.4","     272.2","     266.9","     307.6","     474.7","      65.6","      73.9","   55",
"Issuers of asset-backed securities credit and equity market instruments asset","     173.4","     153.2","     227.9","     170.8","     180.2","     233.9","     220.5","     147.9","     118.4","     111.9","     290.6","   56",
"Finance companies credit and equity market instruments asset","      97.1","     108.6","      -4.8","      21.2","      84.2","       8.5","      56.5","     164.4","     107.5","     187.3","      42.2","   57",
"Mortgage companies total mortgages (total financial assets) asset","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","       0.0","   58",
"Real estate investment trusts credit market instruments asset","      -2.6","      -7.1","       6.7","      23.1","      16.8","      -8.6","      31.0","      18.6","      26.2","      57.7","      31.5","   59",
"Security brokers and dealers credit market instruments, excluding corporate equities asset","     -34.7","      68.9","      92.4","      28.4","      79.7","      64.7","     -73.8","      21.1","     306.6","    -185.3","    -183.7","   60",
"Funding corporations credit market instruments, excluding corporate equities asset","     103.4","      21.1","     -86.0","     -66.7","      86.2","     282.0","      52.8","      75.0","     -64.8","     291.3","      64.5","   61",
"(1) Excludes corporate equities and mutual fund shares."