6 Z.1, June 7, 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

1972 10.0 11.2 11.0 13.1 12.6 10.1 8.4 4.6 17.2 7.9

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 14.5 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 14.5 7.2 8.5 -5.5 4.1 11.6 17.7

1996 5.2 6.7 6.2 9.0 6.2 6.3 -1.5 4.0 12.1 15.5

1997 5.3 5.8 6.1 5.6 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 8.4 9.4 7.9 10.6 9.8 3.4 -1.9 16.2 2.4

2000 4.9 9.0 8.5 11.6 9.2 8.2 1.3 -8.0 10.7 8.4

2001 6.3 9.3 10.1 8.6 5.9 4.7 8.8 -0.2 11.9 -1.7

2002 7.2 10.6 12.9 5.9 2.5 0.3 11.0 7.6 9.8 10.8

2003 8.2 11.6 14.4 5.2 2.6 1.9 8.3 10.9 10.1 3.0

2004 9.0 11.6 14.2 5.5 5.8 3.4 7.4 9.0 9.2 9.9

2005 9.4 11.5 13.4 4.2 7.6 4.9 10.2 7.0 9.9 5.9

2006 8.1 8.7 9.3 4.5 9.6 8.6 8.2 3.9 9.9 17.1

2001 -- Q1 6.1 9.0 9.3 10.4 5.9 4.7 8.5 -0.2 11.4 -0.9

 Q2 5.2 9.8 11.1 7.6 7.0 6.1 7.5 -9.0 10.5 0.6

 Q3 6.7 7.9 9.2 4.3 5.8 5.0 6.8 5.9 12.7 -11.1

 Q4 6.6 9.3 9.4 11.3 4.6 2.9 11.3 2.9 10.6 5.2

2002 -- Q1 6.1 10.0 11.4 6.9 3.4 1.8 5.9 2.6 10.3 14.1

 Q2 7.1 9.2 10.7 7.4 1.6 -0.9 11.4 11.5 9.1 8.5

 Q3 6.6 9.5 12.8 4.8 1.6 -1.0 11.6 8.1 8.1 1.4

 Q4 8.3 12.1 14.4 4.1 3.1 1.1 13.6 7.6 10.5 17.7

2003 -- Q1 6.7 11.0 13.3 5.0 3.4 3.0 6.3 3.1 10.9 1.1

 Q2 10.8 12.8 15.4 6.2 3.6 3.6 11.5 19.6 8.8 15.0

 Q3 7.7 11.2 14.2 5.4 2.3 1.2 6.7 9.8 9.9 -13.7

 Q4 6.6 9.6 11.7 3.7 1.0 -0.4 7.8 9.6 9.5 9.8

2004 -- Q1 8.6 10.7 12.5 5.8 5.6 3.2 8.2 8.9 8.1 9.4

 Q2 8.4 11.4 13.7 3.9 3.8 0.5 4.1 11.3 8.2 -1.8

 Q3 8.6 10.9 14.5 5.8 6.3 4.3 8.6 7.2 9.6 8.0

 Q4 9.1 11.7 13.4 5.9 7.0 5.4 7.7 7.3 9.7 23.1

2005 -- Q1 8.7 9.4 10.6 4.8 6.7 5.6 9.9 10.0 7.4 3.9

 Q2 8.5 11.7 13.0 5.1 7.3 4.1 7.3 3.4 10.4 5.9

 Q3 9.6 11.9 14.8 4.6 7.7 5.7 12.3 6.2 7.6 5.8

 Q4 9.4 11.1 12.8 2.3 7.9 3.7 9.7 7.7 12.9 7.7

2006 -- Q1 8.9 9.3 10.6 2.2 10.0 9.2 3.3 8.0 10.1 8.0

 Q2 7.5 9.2 9.5 6.0 8.8 8.0 6.7 1.0 12.0 7.7

 Q3 6.9 7.9 8.6 5.4 7.0 5.0 8.2 3.6 7.8 27.5

 Q4 8.2 7.2 7.3 4.1 11.4 11.3 13.6 2.8 8.1 21.5

2007 -- Q1 7.3 6.0 6.2 4.7 9.0 9.1 8.6 6.6 9.3 9.8

1. Data shown are on an end-of-period basis.
Z.1, June 7, 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

1972 156.0 56.0 34.1 19.5 71.1 39.4 14.0 15.0 23.9 4.4

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 321.2 127.9 85.9 35.5 117.1 73.3 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 568.3 320.4 167.0 134.8 137.9 126.3 -45.9 155.9 462.0 -11.2

1995 682.2 321.7 153.8 147.9 276.5 227.3 -60.4 144.4 439.4 78.3

1996 713.0 327.5 205.5 104.9 255.9 183.7 -15.3 144.9 513.8 88.0

1997 763.7 302.8 216.1 71.1 393.4 291.5 44.4 23.1 572.1 69.9

1998 1026.6 426.3 301.7 97.3 585.0 396.9 67.9 -52.6 1024.9 37.2

1999 1030.9 496.1 379.3 114.5 567.5 370.2 38.5 -71.2 1024.2 19.0

2000 846.9 580.4 377.6 181.0 546.9 341.8 15.5 -295.9 786.4 63.0

2001 1136.3 651.1 486.0 151.0 385.1 215.2 105.7 -5.6 968.8 -13.7

2002 1381.1 811.2 682.1 112.6 168.4 12.8 143.9 257.6 905.4 92.9

2003 1681.0 982.6 859.1 103.9 182.1 88.7 120.3 396.0 1024.7 31.7

2004 1997.7 1102.2 972.0 115.6 418.3 165.0 115.3 361.9 1024.4 123.5

2005 2275.1 1215.2 1051.8 94.4 581.7 243.4 171.4 306.9 1201.6 84.7

2006 2148.6 1021.6 828.4 104.8 791.3 454.5 152.3 183.4 1313.2 250.1

2001 -- Q1 1103.4 628.7 445.1 181.2 380.8 213.5 102.2 -8.3 926.7 -7.5

 Q2 946.1 701.3 546.9 136.1 458.6 279.9 91.5 -305.3 890.2 5.4

 Q3 1243.5 577.7 463.1 78.0 386.9 229.6 85.4 193.6 1109.1 -96.6

 Q4 1252.3 696.9 488.7 208.6 314.4 137.8 143.6 97.4 949.4 44.0

2002 -- Q1 1163.4 762.2 602.8 131.1 236.4 85.2 76.7 88.1 949.3 121.2

 Q2 1376.2 724.0 581.4 143.8 112.3 -42.3 150.2 389.8 857.2 75.8

 Q3 1316.0 764.9 714.9 94.1 111.1 -45.9 158.2 281.7 782.7 12.7

 Q4 1669.0 993.9 829.4 81.3 214.0 54.3 190.6 270.6 1032.3 161.9

2003 -- Q1 1370.6 929.8 794.6 99.8 237.5 142.7 91.6 111.6 1099.2 12.3

 Q2 2254.5 1110.8 953.6 126.1 256.1 171.7 168.9 718.7 918.6 161.7

 Q3 1646.1 1003.2 908.8 111.2 165.2 57.5 101.0 376.6 1050.1 -152.4

 Q4 1452.7 886.4 779.3 78.4 69.6 -17.3 119.6 377.2 1030.7 105.4

2004 -- Q1 1911.4 1017.2 853.4 123.6 405.0 155.0 129.3 359.9 899.9 117.3

 Q2 1917.4 1105.0 968.8 83.5 279.0 26.0 66.1 467.3 934.2 -23.5

 Q3 1996.6 1088.5 1054.2 125.7 462.6 209.3 138.4 307.1 1112.7 100.9

 Q4 2165.4 1198.2 1011.7 129.5 526.7 269.6 127.3 313.3 1150.8 299.1

2005 -- Q1 2109.9 995.2 831.7 106.8 510.1 282.0 166.6 438.0 895.6 56.2

 Q2 2116.0 1266.6 1047.8 114.4 569.5 207.6 126.6 153.4 1288.4 84.5

 Q3 2437.5 1327.9 1227.7 104.2 609.7 291.7 216.8 283.1 963.8 84.7

 Q4 2437.1 1271.0 1099.9 52.1 637.3 192.4 175.7 353.1 1658.5 113.3

2006 -- Q1 2355.6 1094.3 945.0 50.7 822.8 485.2 62.1 376.4 1349.6 117.2

 Q2 2026.7 1111.2 866.7 141.4 740.1 428.9 126.2 49.3 1637.0 114.8

 Q3 1908.5 973.9 806.5 127.3 606.5 274.2 156.6 171.4 1099.8 418.4

 Q4 2303.7 906.8 695.2 99.6 995.9 629.8 264.5 136.5 1166.4 350.1

2007 -- Q1 2083.5 770.7 598.0 113.3 815.9 520.9 172.3 324.4 1354.2 168.9
8 Z.1, June 7, 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

1972 1711.2 555.4 343.5 168.8 635.7 429.9 180.7 339.4 162.8 61.1

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 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 12970.3 4541.2 3178.9 1021.0 3829.5 2684.5 1107.3 3492.3 3791.1 443.1

1995 13652.1 4862.9 3332.7 1168.8 4105.6 2911.3 1046.8 3636.7 4233.2 567.6

1996 14365.1 5190.4 3538.2 1273.8 4361.5 3095.0 1031.5 3781.7 4746.9 657.2

1997 15127.2 5493.5 3754.3 1344.9 4753.1 3384.7 1075.9 3804.8 5298.9 723.6

1998 16153.8 5919.9 4055.9 1442.1 5338.1 3781.6 1143.7 3752.2 6323.8 783.2

1999 17222.8 6416.8 4432.9 1556.6 5942.8 4189.0 1182.3 3681.0 7342.3 748.2

2000 18080.8 7008.3 4810.5 1748.6 6489.7 4530.8 1197.7 3385.1 8129.8 814.5

2001 19200.2 7659.4 5296.4 1899.6 6857.9 4729.1 1303.4 3379.5 9224.8 862.9

2002 20581.3 8470.7 5978.6 2012.2 7026.3 4741.9 1447.3 3637.0 10130.2 1072.3

2003 22294.7 9463.4 6837.6 2116.1 7230.6 4852.7 1567.6 4033.1 11140.9 1244.5

2004 24307.2 10580.5 7824.5 2231.6 7648.9 5017.7 1682.8 4395.0 12180.1 1424.8

2005 26582.3 11795.6 8876.3 2326.0 8230.6 5261.1 1854.2 4701.9 13327.2 1466.0

2006 28727.7 12817.2 9704.7 2430.8 9018.7 5712.3 2006.6 4885.3 14637.8 1716.2

2001 -- Q1 18339.1 7165.5 4921.7 1794.0 6567.3 4566.7 1223.3 3383.0 8487.7 871.9

 Q2 18576.2 7340.8 5058.5 1828.0 6682.6 4637.2 1246.2 3306.7 8710.2 873.2

 Q3 18887.1 7485.2 5174.2 1847.5 6779.3 4694.6 1267.5 3355.1 8987.5 849.0

 Q4 19200.2 7659.4 5296.4 1899.6 6857.9 4729.1 1303.4 3379.5 9224.8 862.9

2002 -- Q1 19491.0 7850.0 5447.1 1932.4 6917.0 4750.4 1322.6 3401.5 9462.2 893.2

 Q2 19835.1 8031.0 5592.5 1968.4 6945.0 4739.8 1360.1 3499.0 9676.5 912.1

 Q3 20164.1 8222.2 5771.2 1991.9 6972.8 4728.3 1399.7 3569.4 9872.1 915.3

 Q4 20581.3 8470.7 5978.6 2012.2 7026.3 4741.9 1447.3 3637.0 10130.2 1072.3

2003 -- Q1 20923.9 8703.1 6177.2 2037.1 7085.7 4777.6 1470.2 3664.9 10405.0 1075.4

 Q2 21487.6 8980.8 6415.6 2068.7 7149.7 4820.5 1512.4 3844.6 10634.6 1115.8

 Q3 21899.1 9231.6 6642.8 2096.5 7191.0 4834.9 1537.7 3938.8 10897.2 1077.7

 Q4 22294.7 9463.4 6837.6 2116.1 7230.6 4852.7 1567.6 4033.1 11140.9 1244.5

2004 -- Q1 22772.5 9717.7 7051.0 2147.0 7331.9 4891.5 1599.9 4123.1 11365.8 1273.8

 Q2 23251.9 9994.0 7293.2 2167.8 7401.6 4898.0 1616.4 4239.9 11599.4 1267.9

 Q3 23765.8 10280.9 7571.6 2199.3 7517.3 4950.3 1651.0 4316.7 11892.4 1293.2

 Q4 24307.2 10580.5 7824.5 2231.6 7648.9 5017.7 1682.8 4395.0 12180.1 1424.8

2005 -- Q1 24834.7 10829.2 8032.4 2258.3 7776.5 5088.2 1724.5 4504.5 12404.0 1438.8

 Q2 25363.7 11145.9 8294.4 2287.0 7918.8 5140.1 1756.1 4542.8 12726.1 1459.9

 Q3 25973.0 11477.9 8601.3 2313.0 8071.3 5213.0 1810.3 4613.6 12893.5 1481.1

 Q4 26582.3 11795.6 8876.3 2326.0 8230.6 5261.1 1854.2 4701.9 13327.2 1466.0

2006 -- Q1 27167.9 12069.2 9112.6 2338.7 8433.0 5379.1 1869.8 4796.0 13661.2 1495.3

 Q2 27674.6 12347.0 9329.2 2374.0 8618.1 5486.3 1901.3 4808.3 14071.2 1524.0

 Q3 28151.8 12590.5 9530.9 2405.9 8769.7 5554.9 1940.5 4851.1 14346.2 1628.6

 Q4 28727.7 12817.2 9704.7 2430.8 9018.7 5712.3 2006.6 4885.3 14637.8 1716.2

2007 -- Q1 29255.0 13009.9 9854.2 2459.1 9229.2 5849.1 2049.7 4966.4 14976.3 1738.9

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