6 Z.1, December 6, 2007

D.1 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

1974 9.2 8.9 9.8 4.6 12.9 11.4 6.9 3.4 23.6 20.5

1975 9.3 8.4 9.5 3.8 4.8 3.3 5.4 23.9 0.8 17.4

1976 10.8 11.3 12.6 10.6 8.6 7.6 8.4 15.6 9.0 21.2

1977 12.8 15.6 16.6 15.5 12.5 12.0 8.4 11.0 18.9 11.7

1978 13.8 16.9 17.5 17.5 13.1 11.5 15.4 9.2 22.1 18.7

1979 12.2 15.4 16.4 13.9 13.4 10.9 9.0 5.8 22.1 9.6

1980 9.5 8.5 10.9 1.0 10.0 8.3 6.9 11.8 14.5 14.3

1981 10.4 7.6 7.2 5.5 12.9 13.6 8.0 11.6 18.2 12.2

1982 10.1 5.6 4.8 5.0 9.2 9.1 11.2 19.7 13.6 7.5

1983 12.0 11.1 10.2 12.1 9.1 8.1 11.4 18.9 13.4 8.3

1984 14.8 12.6 11.4 18.4 16.2 16.7 11.4 16.9 17.9 3.7

1985 15.6 16.1 14.5 15.9 11.0 12.7 31.8 16.5 19.4 0.5

1986 11.9 11.5 13.7 9.1 11.4 13.8 10.9 13.6 26.2 4.0

1987 9.0 10.4 13.5 4.8 7.7 8.8 12.0 8.0 18.2 2.5

1988 9.0 9.9 11.8 6.7 9.8 10.9 6.0 8.0 13.2 2.9

1989 7.2 9.3 11.0 6.3 6.1 7.2 5.3 7.0 10.5 3.8

1990 6.5 6.9 8.7 1.9 3.6 5.7 5.0 11.0 8.8 8.3

1991 4.3 5.1 7.0 -1.1 -2.2 -2.1 9.2 11.1 6.0 4.8

1992 4.5 5.3 6.4 1.1 -0.2 1.0 1.5 10.9 8.6 6.9

1993 4.8 5.9 5.5 7.4 0.4 1.3 5.3 8.3 9.6 18.7

1994 4.6 7.6 5.5 15.2 3.7 5.0 -4.0 4.7 13.9 -2.4

1995 5.3 7.1 4.8 14.4 7.2 8.5 -5.5 4.1 11.6 17.7

1996 5.2 6.8 6.2 9.0 6.2 6.3 -1.5 4.0 12.1 15.5

1997 5.3 5.8 6.1 5.5 9.0 9.4 4.3 0.6 12.1 10.6

1998 6.8 7.8 8.0 7.2 12.3 11.7 6.3 -1.4 19.3 5.1

1999 6.4 8.3 9.4 7.8 10.6 9.8 3.4 -1.9 16.2 2.4

2000 4.9 9.1 8.7 11.4 9.1 8.2 1.3 -8.0 10.7 8.4

2001 6.4 9.6 10.5 8.7 5.9 4.7 8.8 -0.2 10.7 -1.7

2002 7.3 10.9 13.3 5.7 2.4 0.3 11.0 7.6 9.5 10.8

2003 8.1 11.5 14.2 5.2 2.6 1.9 8.3 10.9 10.7 3.4

2004 8.9 11.3 13.9 5.5 5.8 3.5 7.4 9.0 9.1 10.0

2005 9.1 10.7 12.6 4.3 7.8 5.1 10.2 7.0 9.0 7.2

2006 8.8 10.3 11.3 4.5 9.6 8.5 8.2 3.9 10.1 16.5

2001 -- Q1 6.1 8.8 8.6 10.1 6.0 5.0 9.0 -0.2 11.1 -0.9

 Q2 5.3 10.2 12.2 7.1 6.8 5.8 7.4 -9.0 6.8 0.6

 Q3 6.9 9.0 10.8 4.6 5.2 4.1 6.8 5.9 12.5 -11.1

 Q4 6.7 8.9 8.8 11.9 5.3 3.9 11.0 2.9 10.4 5.2

2002 -- Q1 6.3 10.3 11.8 6.1 3.7 2.1 6.7 2.6 9.7 14.1

 Q2 7.2 9.9 12.1 7.2 1.4 -1.3 11.3 11.5 9.0 8.4

 Q3 6.5 9.8 13.1 4.5 0.8 -2.1 11.5 8.1 8.2 1.4

 Q4 8.4 11.8 13.7 4.5 3.8 2.2 13.0 7.6 10.0 17.7

2003 -- Q1 6.6 10.6 12.3 5.6 3.4 3.1 7.6 3.1 12.0 2.8

 Q2 10.6 12.7 15.8 5.8 3.2 3.2 11.5 19.6 8.2 15.0

 Q3 7.6 11.4 14.3 5.2 1.7 0.4 6.5 9.8 10.0 -13.6

 Q4 6.8 9.5 11.6 3.9 1.8 0.8 6.7 9.6 10.9 10.0

2004 -- Q1 8.6 10.3 11.9 6.4 6.0 3.8 10.0 8.9 8.4 9.6

 Q2 8.4 11.3 14.2 3.4 3.7 0.5 4.3 11.3 9.3 -1.7

 Q3 8.1 10.3 13.5 5.6 5.6 3.4 8.3 7.2 8.2 7.9

 Q4 9.1 11.6 13.2 6.0 7.5 6.3 6.1 7.3 9.3 23.2

2005 -- Q1 8.7 8.3 10.1 4.9 7.6 6.6 11.9 10.0 8.1 4.4

 Q2 8.5 11.7 13.3 4.8 7.1 3.8 7.7 3.4 9.7 6.8

 Q3 9.0 10.8 12.9 4.6 7.4 5.3 11.9 6.2 5.6 8.6

 Q4 9.1 10.5 11.7 2.5 8.1 4.3 7.8 7.6 11.5 8.1

2006 -- Q1 10.0 11.3 13.4 2.7 10.2 9.2 5.5 8.0 10.6 9.2

 Q2 8.3 11.2 12.2 5.5 8.6 7.4 7.3 1.0 12.0 7.5

 Q3 7.2 8.7 9.5 5.1 6.9 4.8 7.7 3.6 6.9 32.8

 Q4 8.6 8.4 8.3 4.6 11.4 11.4 11.2 2.8 9.4 13.3

2007 -- Q1 8.0 7.1 7.8 4.7 9.3 9.4 11.2 6.7 8.2 9.0

 Q2 7.2 7.6 8.0 5.3 10.7 10.3 10.3 -1.4 9.8 14.4

 Q3 8.9 6.9 6.8 6.1 11.9 11.0 8.4 8.8 15.6 -0.2

1. Data shown are on an end-of-period basis.
Z.1, December 6, 2007 7

D.2 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

1974 175.1 55.6 37.3 8.9 94.2 56.4 13.4 11.9 49.6 13.8

1975 192.9 56.9 39.7 7.8 39.2 18.0 11.1 85.6 2.1 14.1

1976 244.7 83.1 57.6 22.0 73.9 43.4 18.5 69.2 23.5 20.5

1977 321.1 127.9 85.9 35.5 117.1 73.2 19.9 56.3 53.6 13.5

1978 390.5 160.0 105.7 46.4 138.5 78.7 39.4 52.5 74.7 24.0

1979 391.6 169.8 116.5 43.3 159.4 83.1 26.6 35.8 91.1 15.0

1980 342.9 108.3 90.2 3.4 135.0 70.2 22.2 77.4 73.2 24.2

1981 409.7 106.4 67.0 19.8 190.1 123.4 27.6 85.5 105.1 23.5

1982 439.8 83.9 47.4 18.8 152.8 93.4 41.7 161.3 93.0 16.0

1983 572.9 175.6 105.1 48.2 164.8 90.1 47.3 185.2 104.4 17.3

1984 791.7 218.9 127.2 81.7 323.0 204.9 52.5 197.2 157.8 8.4

1985 957.6 312.5 180.2 84.0 255.9 182.9 163.6 225.7 204.0 1.2

1986 846.3 261.0 198.8 55.8 295.1 223.9 74.2 216.0 328.8 9.7

1987 718.7 263.8 221.6 32.3 220.5 162.7 90.4 143.9 290.6 6.3

1988 784.3 271.4 215.6 46.6 307.4 222.4 50.4 155.1 250.2 7.4

1989 684.2 282.9 224.9 47.0 207.6 160.0 47.4 146.4 225.0 10.2

1990 655.8 231.2 198.6 15.1 130.7 136.4 47.1 246.9 211.2 23.9

1991 470.0 184.7 174.1 -8.8 -84.1 -52.9 91.2 278.2 156.0 15.1

1992 512.4 198.9 171.3 9.2 -7.0 24.3 16.5 304.0 238.9 24.1

1993 563.9 235.7 156.8 61.4 14.1 32.5 58.0 256.1 291.5 69.8

1994 568.5 320.6 167.0 135.0 137.9 126.3 -45.9 155.9 462.0 -11.2

1995 681.3 320.9 153.8 147.0 276.5 227.3 -60.4 144.4 439.4 78.3

1996 713.8 328.3 205.5 105.7 255.9 183.7 -15.3 144.9 513.8 88.0

1997 762.9 302.0 216.1 70.3 393.4 291.5 44.4 23.1 572.1 69.9

1998 1026.5 426.2 301.7 97.1 585.0 396.9 67.9 -52.6 1024.9 37.2

1999 1028.8 494.0 379.3 112.4 567.5 370.2 38.5 -71.2 1024.2 19.0

2000 843.9 583.9 385.5 176.5 540.4 341.7 15.5 -295.9 786.9 63.0

2001 1155.6 671.5 506.6 150.7 384.0 215.2 105.7 -5.6 871.1 -13.7

2002 1402.4 833.7 709.2 107.9 167.2 12.1 143.9 257.6 869.3 92.9

2003 1677.3 980.5 856.1 104.4 180.6 90.1 120.3 396.0 1068.2 36.9

2004 1977.1 1077.4 954.1 115.0 422.5 171.8 115.3 361.9 989.8 124.8

2005 2210.6 1135.7 985.5 94.5 596.5 256.3 171.6 306.9 1069.9 102.8

2006 2329.9 1203.1 997.7 104.4 792.2 447.0 151.1 183.4 1301.7 250.4

2001 -- Q1 1109.7 618.3 416.7 175.1 391.4 225.2 108.2 -8.3 901.5 -7.3

 Q2 962.7 732.8 600.3 126.6 444.3 266.3 90.8 -305.3 575.3 5.1

 Q3 1286.5 663.4 548.3 83.3 344.8 188.6 84.6 193.7 1081.2 -96.6

 Q4 1263.3 671.4 461.0 217.9 355.5 180.6 139.0 97.4 926.5 44.0

2002 -- Q1 1218.8 791.1 629.4 115.4 252.1 100.9 87.5 88.1 881.6 121.5

 Q2 1414.0 779.7 665.1 138.3 94.8 -59.5 149.6 389.9 837.0 75.5

 Q3 1285.0 788.3 740.7 88.7 58.1 -98.8 156.9 281.7 783.6 12.8

 Q4 1691.6 975.6 801.5 89.2 263.8 105.7 181.6 270.5 975.0 161.9

2003 -- Q1 1359.2 900.0 741.8 111.8 238.3 147.9 109.6 111.4 1196.4 30.4

 Q2 2226.0 1107.7 980.8 117.4 229.6 150.9 169.8 719.0 842.1 161.9

 Q3 1628.1 1029.3 927.2 106.3 123.0 21.0 99.1 376.6 1055.8 -152.4

 Q4 1495.9 884.8 774.6 82.3 131.3 40.8 102.6 377.1 1178.7 107.8

2004 -- Q1 1927.6 978.5 820.7 133.7 433.4 183.8 156.1 359.6 909.8 119.4

 Q2 1916.8 1104.6 1003.0 73.4 274.6 23.8 69.8 467.8 1029.6 -21.7

 Q3 1889.5 1032.1 987.3 121.5 416.1 165.2 134.1 307.1 938.2 100.6

 Q4 2174.5 1194.3 1005.3 131.6 566.0 314.2 101.0 313.2 1081.4 301.0

2005 -- Q1 2106.5 883.7 789.7 109.4 584.5 331.1 200.8 437.5 961.5 63.0

 Q2 2102.0 1261.6 1069.1 107.7 552.8 194.8 133.6 153.9 1172.2 98.7

 Q3 2281.4 1197.2 1075.9 103.7 590.9 274.0 210.3 283.2 699.1 127.1

 Q4 2352.6 1200.1 1007.4 57.0 658.0 225.3 141.5 352.9 1446.9 122.5

2006 -- Q1 2645.8 1322.2 1188.4 61.3 844.9 488.4 102.8 376.0 1370.7 140.1

 Q2 2262.2 1351.0 1110.4 127.8 724.8 401.5 136.4 49.9 1593.7 115.7

 Q3 1990.3 1076.3 889.9 119.7 595.4 262.9 147.2 171.4 939.9 518.1

 Q4 2421.5 1063.1 801.9 108.9 1003.8 635.3 218.2 136.3 1302.4 227.7

2007 -- Q1 2313.9 921.2 768.8 113.0 842.7 537.2 223.8 326.2 1170.5 158.2

 Q2 2134.4 1004.6 800.0 129.2 987.6 603.1 212.9 -70.8 1418.5 257.8

 Q3 2670.8 924.8 691.0 150.5 1132.9 661.5 178.1 435.0 2321.1 -3.5
8 Z.1, December 6, 2007

D.3 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

1974 2069.9 680.3 419.3 201.9 823.2 551.6 208.2 358.2 258.3 81.2

1975 2261.8 734.3 459.0 207.0 864.2 571.3 219.4 443.9 260.4 96.9

1976 2505.3 818.9 517.0 229.0 935.5 612.1 237.8 513.1 283.9 115.7

1977 2826.6 946.7 603.0 264.9 1054.3 687.1 256.2 569.4 337.8 128.6

1978 3211.2 1105.4 708.6 311.3 1188.4 761.4 295.6 621.9 412.5 155.7

1979 3603.0 1276.1 826.7 354.6 1347.0 843.8 322.2 657.7 504.9 168.5

1980 3953.5 1396.0 926.5 358.0 1478.1 910.2 344.4 735.0 578.1 193.4

1981 4361.7 1507.2 998.2 377.9 1662.0 1027.3 372.1 820.5 682.4 214.0

1982 4783.4 1576.4 1031.1 396.7 1811.4 1117.4 413.8 981.8 778.1 208.1

1983 5359.2 1732.0 1116.2 444.9 1999.1 1230.4 461.1 1167.0 882.7 224.1

1984 6146.2 1943.3 1242.8 526.6 2325.1 1438.3 513.6 1364.2 1052.4 232.8

1985 7121.9 2276.5 1448.3 610.6 2577.6 1617.9 677.9 1589.9 1257.3 242.5

1986 7965.7 2536.0 1647.0 666.4 2871.7 1840.8 752.1 1805.9 1593.6 251.9

1987 8669.4 2753.8 1826.6 698.6 3123.2 2034.5 842.6 1949.8 1895.5 259.0

1988 9450.3 3042.2 2052.8 745.2 3410.1 2234.3 893.0 2104.9 2145.8 269.8

1989 10151.5 3335.5 2276.0 809.3 3624.4 2401.3 940.4 2251.2 2399.3 287.9

1990 10834.7 3595.9 2503.7 824.4 3753.3 2535.8 987.4 2498.1 2613.6 318.2

1991 11301.4 3784.1 2681.4 815.6 3662.3 2480.7 1078.6 2776.4 2769.6 350.4

1992 11817.0 3983.1 2852.7 824.8 3658.5 2506.6 1095.1 3080.3 3024.1 372.4

1993 12395.7 4221.1 3011.9 886.2 3685.0 2551.6 1153.1 3336.5 3321.0 468.2

1994 12970.5 4541.4 3178.9 1021.2 3829.5 2684.5 1107.3 3492.3 3791.1 443.1

1995 13651.4 4862.2 3332.7 1168.2 4105.6 2911.3 1046.8 3636.7 4233.2 567.6

1996 14365.2 5190.5 3538.2 1273.9 4361.5 3095.0 1031.5 3781.7 4746.9 657.2

1997 15126.5 5492.8 3754.3 1344.2 4753.1 3384.7 1075.9 3804.8 5298.9 723.6

1998 16153.0 5919.0 4055.9 1441.3 5338.1 3781.6 1143.7 3752.2 6323.8 783.2

1999 17219.9 6413.8 4432.9 1553.6 5942.8 4189.0 1182.3 3681.0 7342.3 748.2

2000 18074.8 7008.8 4818.3 1741.3 6483.2 4530.7 1197.7 3385.1 8130.3 814.5

2001 19213.4 7680.3 5324.9 1892.0 6850.2 4728.9 1303.4 3379.5 9127.6 862.9

2002 20615.8 8514.0 6034.1 1999.9 7017.4 4740.9 1447.3 3637.0 9996.9 1072.3

2003 22325.5 9496.8 6882.4 2104.4 7228.0 4861.1 1567.6 4033.1 10888.6 1249.7

2004 24317.4 10589.0 7851.3 2219.4 7650.6 5032.9 1682.8 4395.0 11893.2 1431.3

2005 26528.0 11724.7 8836.8 2313.9 8247.1 5289.2 1854.4 4701.9 12908.6 1514.9

2006 28854.7 12927.8 9834.4 2418.3 9036.1 5732.9 2005.5 4885.3 14207.7 1767.0

2001 -- Q1 18334.7 7163.4 4922.5 1785.0 6563.5 4569.4 1224.8 3383.0 8481.8 871.9

 Q2 18576.0 7346.6 5072.6 1816.7 6675.2 4636.6 1247.5 3306.7 8625.7 873.2

 Q3 18897.6 7512.5 5209.7 1837.5 6761.4 4683.7 1268.6 3355.1 8896.0 849.0

 Q4 19213.4 7680.3 5324.9 1892.0 6850.2 4728.9 1303.4 3379.5 9127.6 862.9

2002 -- Q1 19518.1 7878.1 5482.3 1920.9 6913.3 4754.1 1325.3 3401.5 9348.0 893.3

 Q2 19871.6 8073.0 5648.5 1955.4 6937.0 4739.2 1362.7 3499.0 9557.2 912.1

 Q3 20192.9 8270.1 5833.7 1977.6 6951.5 4714.5 1401.9 3569.4 9753.1 915.3

 Q4 20615.8 8514.0 6034.1 1999.9 7017.4 4740.9 1447.3 3637.0 9996.9 1072.3

2003 -- Q1 20955.6 8739.0 6219.6 2027.9 7077.0 4777.9 1474.7 3664.9 10296.0 1080.0

 Q2 21512.1 9015.9 6464.8 2057.2 7134.4 4815.6 1517.2 3844.6 10506.5 1120.4

 Q3 21919.1 9273.3 6696.6 2083.8 7165.1 4820.9 1541.9 3938.8 10770.4 1082.3

 Q4 22325.5 9496.8 6882.4 2104.4 7228.0 4861.1 1567.6 4033.1 10888.6 1249.7

2004 -- Q1 22807.4 9741.4 7087.5 2137.8 7336.4 4907.1 1606.6 4123.0 11116.1 1279.5

 Q2 23286.6 10017.6 7338.3 2156.1 7405.0 4913.0 1624.1 4239.9 11373.5 1274.1

 Q3 23773.8 10290.4 7599.9 2186.5 7509.1 4954.3 1657.6 4316.7 11622.9 1299.3

 Q4 24317.4 10589.0 7851.3 2219.4 7650.6 5032.9 1682.8 4395.0 11893.2 1431.3

2005 -- Q1 24844.0 10809.9 8048.7 2246.8 7796.7 5115.6 1733.0 4504.4 12133.6 1447.1

 Q2 25369.5 11125.3 8315.9 2273.7 7934.9 5164.3 1766.4 4542.8 12426.6 1471.8

 Q3 25939.9 11424.6 8584.9 2299.6 8082.6 5232.9 1819.0 4613.6 12527.9 1503.6

 Q4 26528.0 11724.7 8836.8 2313.9 8247.1 5289.2 1854.4 4701.9 12908.6 1514.9

2006 -- Q1 27186.2 12055.2 9133.9 2329.2 8455.1 5408.0 1880.1 4795.9 13248.0 1549.9

 Q2 27751.7 12393.0 9411.5 2361.1 8636.3 5508.4 1914.2 4808.3 13647.2 1578.8

 Q3 28249.3 12662.0 9633.9 2391.0 8785.1 5574.1 1951.0 4851.2 13882.1 1708.3

 Q4 28854.7 12927.8 9834.4 2418.3 9036.1 5732.9 2005.5 4885.3 14207.7 1767.0

2007 -- Q1 29439.6 13158.1 10026.6 2446.5 9253.3 5873.7 2061.5 4966.8 14500.4 1787.0

 Q2 29973.2 13409.2 10226.6 2478.8 9500.2 6024.5 2114.7 4949.1 14855.0 1851.5

 Q3 30640.9 13640.4 10399.4 2516.4 9783.4 6189.9 2159.2 5057.9 15435.3 1850.6

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