6 Z.1, June 5, 2008

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

1973 10.7 12.3 11.5 13.3 14.9 17.7 7.8 2.0 28.9 10.3

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 14.6 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 13.4 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 10.9 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 6.9 -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 5.6 15.2 3.7 5.0 -4.0 4.7 13.9 -2.4

1995 5.4 7.1 4.8 14.4 7.6 9.0 -5.5 4.1 11.6 17.7

1996 5.3 6.8 6.2 9.0 6.5 6.7 -1.5 4.0 12.1 15.5

1997 5.5 5.8 6.1 5.5 9.6 10.2 4.3 0.6 12.1 10.6

1998 6.7 7.8 8.0 7.2 11.8 11.1 6.3 -1.4 19.3 5.1

1999 6.3 8.4 9.4 7.8 10.5 9.6 3.4 -1.9 16.2 2.4

2000 4.9 9.1 8.7 11.4 9.0 8.0 1.3 -8.0 10.7 8.4

2001 6.3 9.6 10.5 8.7 5.7 4.5 8.8 -0.2 10.6 -1.4

2002 7.3 10.8 13.3 5.7 2.4 0.2 11.0 7.6 9.5 10.8

2003 8.1 11.5 14.2 5.2 2.4 1.7 8.3 10.9 10.6 3.9

2004 8.8 11.2 13.7 5.5 5.8 3.4 7.4 9.0 8.9 10.4

2005 9.2 11.2 13.1 4.3 7.7 4.8 10.2 7.0 9.0 7.1

2006 8.8 10.2 11.2 4.5 9.7 8.2 8.2 3.9 10.0 16.6

2007 8.2 6.8 6.8 5.7 11.7 11.0 9.2 4.9 11.2 5.4

2002 -- Q1 6.5 10.3 11.8 6.1 4.1 2.7 6.7 2.6 9.7 15.1

 Q2 7.4 9.9 12.1 7.2 1.9 -0.6 11.3 11.5 8.9 6.6

 Q3 6.3 9.8 13.1 4.5 0.3 -2.9 11.5 8.1 8.3 2.9

 Q4 8.2 11.8 13.7 4.5 3.3 1.5 13.0 7.6 10.0 17.1

2003 -- Q1 6.5 10.6 12.3 5.6 3.1 2.8 7.6 3.1 12.1 2.9

 Q2 10.6 12.6 15.7 5.8 3.3 3.2 11.5 19.6 8.0 15.5

 Q3 7.4 11.4 14.3 5.2 1.2 -0.4 6.5 9.8 9.8 -11.2

 Q4 6.9 9.6 11.6 3.9 2.0 1.2 6.7 9.6 11.1 8.8

2004 -- Q1 8.5 10.2 11.7 6.4 5.6 3.3 10.0 8.9 8.2 9.8

 Q2 8.3 11.2 14.0 3.4 3.4 0.0 4.3 11.3 9.1 -1.0

 Q3 7.9 10.2 13.3 5.6 5.2 2.7 8.3 7.2 8.1 8.2

 Q4 9.3 11.5 13.0 6.0 8.3 7.5 6.1 7.3 9.1 23.4

2005 -- Q1 8.8 9.0 10.9 4.9 7.2 4.4 11.9 10.0 8.1 3.9

 Q2 8.3 11.6 13.2 4.8 6.5 3.2 7.7 3.4 9.7 7.1

 Q3 9.2 11.5 13.9 4.6 7.2 4.4 11.9 6.2 5.5 9.0

 Q4 9.5 10.8 12.1 2.5 9.0 7.1 7.8 7.6 11.5 7.7

2006 -- Q1 10.0 11.5 13.7 2.7 10.1 8.2 5.5 8.0 10.8 8.9

 Q2 8.5 11.4 12.4 5.5 9.0 7.8 7.3 1.0 11.9 6.8

 Q3 7.3 8.9 9.8 5.1 6.9 4.5 7.7 3.6 6.8 32.9

 Q4 8.2 7.4 7.0 4.6 11.6 11.4 11.2 2.8 9.0 14.7

2007 -- Q1 8.0 7.0 7.9 4.8 9.4 9.3 11.2 6.7 8.9 7.6

 Q2 7.1 7.2 7.4 5.6 11.0 10.7 10.3 -1.4 9.7 12.6

 Q3 9.1 6.4 5.3 8.1 13.8 12.8 6.5 8.8 15.8 0.2

 Q4 7.5 6.1 5.8 3.9 10.8 9.3 7.7 5.1 8.8 1.2

2008 -- Q1 6.5 3.5 3.0 5.7 9.2 9.1 6.4 9.5 5.1 14.9

1. Data shown are on an end-of-period basis.
Z.1, June 5, 2008 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

1973 183.8 68.4 39.5 22.5 94.4 76.0 14.1 6.9 47.0 6.3

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 439.7 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 791.7 219.0 127.3 81.7 323.0 204.9 52.5 197.2 157.8 8.4

1985 958.9 313.8 181.5 84.0 255.9 182.9 163.6 225.7 204.0 1.2

1986 846.4 261.1 198.8 55.8 295.1 223.9 74.2 216.0 328.8 9.7

1987 718.6 263.8 221.5 32.3 220.5 162.7 90.4 143.9 290.6 6.3

1988 784.4 271.5 215.7 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 656.4 231.8 199.2 15.1 130.7 136.4 47.1 246.9 211.2 23.9

1991 469.5 184.1 173.5 -8.8 -84.1 -52.9 91.2 278.2 156.0 15.1

1992 512.3 198.8 171.1 9.2 -7.0 24.3 16.5 304.0 238.9 24.1

1993 563.6 235.4 156.5 61.4 14.1 32.5 58.0 256.1 291.5 69.8

1994 569.0 321.0 167.4 135.0 137.9 126.3 -45.9 155.9 462.0 -11.2

1995 694.4 320.8 153.8 147.0 289.6 240.4 -60.4 144.4 439.4 78.3

1996 725.6 328.3 205.5 105.7 267.6 195.4 -15.3 144.9 513.8 88.0

1997 788.6 302.1 216.2 70.3 419.0 317.2 44.4 23.1 572.1 69.9

1998 1010.5 426.2 301.7 97.1 569.0 380.9 67.9 -52.6 1024.9 37.2

1999 1024.2 494.8 380.1 112.4 562.1 364.8 38.5 -71.2 1024.2 19.0

2000 839.0 584.1 385.7 176.5 535.3 336.6 15.5 -295.9 786.9 63.0

2001 1144.2 671.8 506.9 150.7 372.4 203.5 105.7 -5.6 864.5 -11.2

2002 1398.6 832.9 708.4 107.9 164.2 9.1 143.9 257.6 870.3 93.4

2003 1667.7 981.0 856.7 104.4 170.4 80.0 120.3 396.0 1060.8 42.4

2004 1957.7 1064.0 940.7 115.0 416.6 165.8 115.3 361.9 968.7 130.7

2005 2247.3 1180.9 1030.8 94.5 587.9 243.6 171.6 306.9 1064.0 102.6

2006 2332.4 1196.9 990.2 104.4 800.9 433.4 151.2 183.4 1287.7 254.4

2007 2366.6 883.6 668.8 138.4 1060.8 624.7 185.2 237.1 1591.6 97.0

2002 -- Q1 1245.6 790.6 628.9 115.4 279.3 128.2 87.5 88.1 882.8 130.5

 Q2 1447.3 779.5 664.9 138.3 128.4 -26.4 149.6 389.9 833.5 59.3

 Q3 1246.2 788.3 740.7 88.7 19.3 -137.5 156.9 281.7 789.1 26.4

 Q4 1655.1 973.2 799.1 89.2 229.7 71.9 181.6 270.5 975.6 157.3

2003 -- Q1 1343.3 901.4 743.2 111.8 220.9 130.6 109.6 111.4 1204.4 31.3

 Q2 2226.2 1105.1 978.3 117.4 232.3 153.1 169.8 719.0 822.7 168.4

 Q3 1587.7 1029.4 927.3 106.3 82.5 -19.4 99.1 376.6 1027.5 -126.2

 Q4 1513.8 888.2 778.0 82.3 145.9 55.7 102.6 377.1 1188.5 96.0

2004 -- Q1 1889.1 965.5 807.7 133.7 407.9 158.5 156.1 359.6 888.2 123.2

 Q2 1881.0 1091.8 990.2 73.4 251.5 0.1 69.8 467.8 1015.4 -13.0

 Q3 1844.2 1019.2 974.4 121.5 383.8 132.9 134.1 307.1 917.9 105.3

 Q4 2216.5 1179.3 990.3 131.6 623.0 371.6 101.0 313.2 1053.3 307.5

2005 -- Q1 2143.6 952.4 858.2 109.4 552.9 220.8 200.8 437.5 960.3 56.1

 Q2 2052.0 1258.8 1066.2 107.7 505.7 161.1 133.6 153.9 1176.4 103.5

 Q3 2338.9 1276.7 1155.5 103.7 568.7 226.9 210.3 283.2 685.1 133.4

 Q4 2454.6 1235.9 1043.1 57.0 724.2 365.6 141.6 352.9 1434.2 117.2

2006 -- Q1 2667.1 1357.1 1219.7 61.3 831.3 430.2 102.8 376.0 1394.0 135.5

 Q2 2324.7 1379.9 1138.7 127.8 758.5 420.9 136.4 49.9 1576.4 105.6

 Q3 2029.5 1112.8 926.4 119.7 598.1 248.2 147.2 171.4 931.3 523.0

 Q4 2308.1 937.9 676.1 108.9 1015.8 634.4 218.2 136.3 1249.0 253.6

2007 -- Q1 2307.5 905.4 782.6 115.1 851.0 528.0 224.9 326.2 1264.2 136.1

 Q2 2101.0 942.8 740.7 137.7 1016.5 625.5 212.4 -70.8 1398.0 227.4

 Q3 2742.5 856.2 547.1 202.1 1312.7 767.7 138.5 435.0 2348.0 2.9

 Q4 2315.5 829.9 604.9 98.5 1062.8 577.4 164.8 257.8 1356.3 21.7

2008 -- Q1 2036.3 481.0 320.9 146.1 927.0 575.1 139.5 488.8 801.7 277.1
8 Z.1, June 5, 2008

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

1973 1895.5 624.9 382.2 193.0 729.5 495.6 194.8 346.3 209.8 67.4

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 7123.2 2277.8 1449.6 610.6 2577.6 1617.9 677.9 1589.9 1257.3 242.5

1986 7967.0 2537.3 1648.3 666.4 2871.7 1840.8 752.1 1805.9 1593.6 251.9

1987 8670.7 2755.1 1827.9 698.6 3123.2 2034.5 842.6 1949.8 1895.5 259.0

1988 9451.6 3043.6 2054.2 745.2 3410.1 2234.3 893.0 2104.9 2145.8 269.8

1989 10152.9 3336.9 2277.3 809.3 3624.4 2401.3 940.4 2251.2 2399.3 287.9

1990 10836.7 3597.8 2505.7 824.4 3753.3 2535.8 987.4 2498.1 2613.6 318.2

1991 11302.8 3785.6 2682.9 815.6 3662.3 2480.7 1078.6 2776.4 2769.6 350.4

1992 11818.3 3984.4 2854.0 824.8 3658.5 2506.6 1095.1 3080.3 3024.1 372.4

1993 12396.8 4222.1 3012.9 886.2 3685.0 2551.6 1153.1 3336.5 3321.0 468.2

1994 12972.0 4542.8 3180.3 1021.2 3829.5 2684.5 1107.3 3492.3 3791.1 443.1

1995 13665.9 4863.7 3334.1 1168.2 4118.7 2924.4 1046.8 3636.7 4233.2 567.6

1996 14391.5 5192.0 3539.6 1273.9 4386.3 3119.8 1031.5 3781.7 4746.9 657.2

1997 15178.6 5494.3 3755.8 1344.2 4803.6 3435.2 1075.9 3804.8 5298.9 723.6

1998 16189.0 5920.6 4057.5 1441.3 5372.5 3816.1 1143.7 3752.2 6323.8 783.2

1999 17251.3 6416.2 4435.2 1553.6 5971.9 4218.1 1182.3 3681.0 7342.3 748.2

2000 18101.3 7011.4 4820.9 1741.3 6507.1 4554.7 1197.7 3385.1 8130.3 814.5

2001 19228.6 7683.2 5327.8 1892.0 6862.5 4741.2 1303.4 3379.5 9120.9 865.4

2002 20627.2 8516.1 6036.2 1999.9 7026.7 4750.2 1447.3 3637.0 9991.2 1075.3

2003 22327.3 9499.5 6885.0 2104.4 7227.2 4860.3 1567.6 4033.1 10875.5 1258.1

2004 24299.8 10578.2 7840.5 2219.4 7643.7 5026.0 1682.8 4395.0 11859.0 1445.7

2005 26547.1 11759.2 8871.3 2313.9 8231.6 5269.6 1854.4 4701.9 12868.5 1528.9

2006 28876.2 12956.1 9861.5 2418.3 9029.3 5699.8 2005.6 4885.3 14153.7 1785.1

2007 31249.3 13839.7 10530.3 2556.6 10096.6 6331.0 2190.7 5122.3 15745.3 1862.6

2002 -- Q1 19540.0 7880.9 5485.0 1920.9 6932.4 4773.2 1325.3 3401.5 9341.6 898.0

 Q2 19901.8 8075.7 5651.2 1955.4 6964.5 4766.6 1362.7 3499.0 9550.0 912.8

 Q3 20213.4 8272.8 5836.4 1977.6 6969.3 4732.2 1401.9 3569.4 9747.3 919.5

 Q4 20627.2 8516.1 6036.2 1999.9 7026.7 4750.2 1447.3 3637.0 9991.2 1075.3

2003 -- Q1 20963.0 8741.4 6222.0 2027.9 7081.9 4782.9 1474.7 3664.9 10292.3 1083.1

 Q2 21519.5 9017.7 6466.6 2057.2 7140.0 4821.2 1517.2 3844.6 10498.0 1125.2

 Q3 21916.5 9275.1 6698.4 2083.8 7160.7 4816.3 1541.9 3938.8 10754.9 1093.7

 Q4 22327.3 9499.5 6885.0 2104.4 7227.2 4860.3 1567.6 4033.1 10875.5 1258.1

2004 -- Q1 22799.6 9740.9 7087.0 2137.8 7329.2 4899.9 1606.6 4123.0 11097.5 1288.9

 Q2 23269.8 10013.8 7334.5 2156.1 7392.0 4899.9 1624.1 4239.9 11351.4 1285.6

 Q3 23745.7 10283.4 7592.9 2186.5 7488.0 4933.2 1657.6 4316.7 11595.7 1312.0

 Q4 24299.8 10578.2 7840.5 2219.4 7643.7 5026.0 1682.8 4395.0 11859.0 1445.7

2005 -- Q1 24835.7 10816.3 8055.1 2246.8 7782.0 5081.2 1733.0 4504.4 12099.1 1459.7

 Q2 25348.7 11131.0 8321.6 2273.7 7908.4 5121.5 1766.4 4542.8 12393.2 1485.6

 Q3 25933.4 11450.2 8610.5 2299.6 8050.6 5178.3 1819.0 4613.6 12491.0 1518.9

 Q4 26547.1 11759.2 8871.3 2313.9 8231.6 5269.6 1854.4 4701.9 12868.5 1528.9

2006 -- Q1 27210.6 12098.5 9176.2 2329.2 8436.2 5373.9 1880.1 4795.9 13213.7 1562.8

 Q2 27791.8 12443.4 9460.9 2361.1 8625.8 5479.2 1914.2 4808.3 13608.6 1589.2

 Q3 28299.2 12721.6 9692.5 2391.0 8775.3 5541.2 1951.0 4851.2 13841.4 1720.0

 Q4 28876.2 12956.1 9861.5 2418.3 9029.3 5699.8 2005.6 4885.3 14153.7 1785.1

2007 -- Q1 29459.6 13182.5 10057.2 2447.0 9248.5 5838.3 2061.8 4966.8 14469.7 1799.6

 Q2 29984.8 13418.1 10242.3 2481.5 9502.7 5994.7 2114.9 4949.1 14819.2 1856.5

 Q3 30670.4 13632.2 10379.1 2532.0 9830.9 6186.6 2149.5 5057.9 15406.2 1857.2

 Q4 31249.3 13839.7 10530.3 2556.6 10096.6 6331.0 2190.7 5122.3 15745.3 1862.6

2008 -- Q1 31758.4 13959.9 10610.6 2593.2 10328.3 6474.7 2225.6 5244.5 15945.7 1931.9

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