Z.1, September 16, 2011 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

1977 12.8 15.6 16.6 15.5 12.5 11.9 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 15.3 16.4 13.9 13.5 11.1 9.0 5.8 22.1 9.6

1980 9.5 8.4 10.9 1.0 10.1 8.4 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 10.4 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 8.1 11.4 18.9 13.4 8.3

1984 14.8 12.8 11.4 18.4 16.0 16.5 11.4 16.9 17.9 3.7

1985 15.6 16.1 14.6 15.9 11.0 12.8 31.8 16.5 19.4 0.5

1986 11.9 11.4 13.7 9.1 11.4 13.8 10.9 13.6 26.2 4.0

1987 9.1 10.4 13.4 4.8 7.8 9.0 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 7.0 8.9 1.9 3.5 5.6 5.0 11.0 8.8 8.3

1991 4.3 5.2 7.0 -1.1 -2.2 -2.1 9.2 11.1 6.0 4.8

1992 4.5 5.3 6.5 1.1 -0.3 0.9 1.5 10.9 8.6 6.9

1993 4.7 6.0 5.5 7.4 0.2 1.2 5.3 8.3 9.6 18.7

1994 4.6 7.6 5.6 15.2 3.9 5.0 -3.9 4.7 13.9 -2.4

1995 5.2 6.8 4.9 14.4 7.4 8.8 -5.5 4.1 11.6 17.7

1996 5.4 6.9 6.2 9.0 6.6 6.8 -2.0 4.0 12.1 15.5

1997 5.6 5.8 6.1 5.5 9.9 10.6 4.9 0.6 12.1 10.6

1998 6.6 7.7 8.1 7.2 11.7 11.0 6.2 -1.4 19.4 5.1

1999 6.4 8.4 9.4 7.8 10.7 9.9 3.3 -1.9 16.2 2.4

2000 5.0 9.1 8.7 11.4 9.3 8.5 1.4 -8.0 11.0 8.4

2001 6.3 9.6 10.6 8.6 5.7 4.5 8.8 -0.2 10.7 -1.4

2002 7.4 10.8 13.3 5.6 2.8 0.7 11.1 7.6 9.7 10.8

2003 8.1 11.9 14.6 5.3 2.2 1.7 8.3 10.9 10.7 4.0

2004 8.9 11.1 13.5 5.6 6.2 4.0 7.3 9.0 8.9 12.4

2005 9.5 11.1 13.3 4.5 8.6 6.2 10.2 7.0 9.3 7.9

2006 9.0 10.0 11.1 4.1 10.6 8.6 8.3 3.9 10.0 22.0

2007 8.6 6.7 6.8 5.8 13.1 12.7 9.5 4.9 12.6 9.0

2008 6.0 0.2 -0.5 1.5 5.5 3.8 2.3 24.2 5.6 -10.6

2009 3.1 -1.6 -1.4 -4.4 -2.7 0.0 4.9 22.7 -10.8 12.4

2010 4.2 -2.0 -2.9 -1.8 0.4 3.3 4.5 20.2 -6.3 4.2

2005 -- Q1 9.1 9.7 11.6 5.1 7.6 5.3 11.7 9.4 8.3 4.6

 Q2 8.9 11.6 13.5 5.0 8.0 5.2 7.7 4.7 9.8 7.8

 Q3 9.0 11.0 13.6 4.2 7.7 5.0 12.4 5.2 5.4 9.7

 Q4 9.7 10.3 11.9 3.4 10.2 8.9 7.6 7.9 12.8 8.5

2006 -- Q1 10.2 11.8 13.7 3.1 10.8 8.9 5.3 7.0 11.1 13.9

 Q2 9.3 11.3 12.9 4.0 10.1 8.0 7.5 3.4 11.6 12.4

 Q3 7.0 8.7 9.8 4.2 7.2 3.8 8.5 1.5 7.0 37.0

 Q4 8.4 6.9 6.5 4.9 12.7 12.7 10.9 3.4 8.9 18.7

2007 -- Q1 8.4 7.3 8.1 5.1 10.8 8.9 11.0 6.0 11.2 12.9

 Q2 8.4 7.3 7.7 5.6 13.3 13.3 10.8 1.2 10.1 18.2

 Q3 8.7 6.3 5.9 6.9 13.7 14.3 7.4 5.8 16.6 1.4

 Q4 7.8 5.2 5.0 5.1 12.1 11.8 7.5 6.1 10.0 3.0

2008 -- Q1 6.1 3.4 2.6 4.9 8.6 8.3 4.2 9.4 6.1 10.4

 Q2 3.4 0.1 -0.5 3.5 6.8 5.5 2.3 5.9 5.8 -0.0

 Q3 7.6 -0.7 -1.9 -0.0 5.0 3.8 3.3 36.5 6.7 -28.5

 Q4 6.3 -2.0 -2.1 -2.3 1.4 -2.4 -0.4 38.3 3.2 -24.8

2009 -- Q1 4.4 -0.8 0.0 -3.7 -0.5 1.8 4.5 24.4 -11.0 11.3

 Q2 4.2 -1.7 -1.8 -4.8 -2.7 -0.1 5.0 27.2 -13.7 12.7

 Q3 2.0 -2.2 -2.4 -3.9 -4.2 -1.3 5.2 18.7 -10.9 15.9

 Q4 1.4 -1.8 -1.5 -5.6 -3.6 -0.3 4.4 13.8 -8.7 7.6

2010 -- Q1 3.5 -3.1 -4.9 -4.1 -0.5 4.3 4.5 20.6 -8.3 5.7

 Q2 3.9 -2.1 -2.5 -3.1 -1.7 1.0 -0.3 22.5 -7.5 -2.0

 Q3 3.9 -2.1 -2.5 -1.9 1.4 4.2 4.8 16.0 -5.0 6.3

 Q4 5.1 -0.8 -1.8 2.0 2.2 3.5 8.9 16.4 -5.6 6.8

2011 -- Q1 1.9 -2.0 -2.7 2.2 2.8 5.7 -4.2 7.9 -1.2 9.7

 Q2 3.0 -0.6 -2.4 3.4 4.0 6.1 -3.2 8.6 -7.8 -0.7

1. Data shown are on an end-of-period basis.
8 Z.1, September 16, 2011

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

1977 321.1 128.0 85.9 35.5 116.9 73.1 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 391.6 168.8 116.5 43.3 160.4 84.2 26.6 35.8 91.1 15.0

1980 342.9 107.5 90.2 3.4 135.8 71.0 22.2 77.4 73.2 24.2

1981 409.7 105.5 67.0 19.8 191.1 124.3 27.6 85.5 105.1 23.5

1982 451.8 84.0 47.4 18.8 164.7 105.3 41.7 161.3 93.0 16.0

1983 572.9 174.5 105.1 48.2 165.8 91.1 47.3 185.2 104.4 17.3

1984 791.7 220.8 127.3 81.7 321.2 203.1 52.5 197.2 157.8 8.4

1985 958.8 313.2 181.5 84.0 256.4 183.4 163.6 225.7 204.0 1.2

1986 845.7 260.5 198.8 55.8 294.9 223.7 74.2 216.0 328.8 9.7

1987 722.0 263.9 221.5 32.3 223.8 166.0 90.4 143.9 290.6 6.3

1988 784.1 272.6 215.7 46.6 306.0 221.0 50.4 155.1 250.2 7.4

1989 684.3 282.5 224.9 47.0 208.2 160.5 47.4 146.4 225.0 10.2

1990 655.5 232.9 200.1 15.1 128.7 134.8 47.1 246.9 211.2 23.9

1991 469.8 184.8 174.6 -8.8 -84.5 -52.8 91.2 278.2 156.0 15.1

1992 511.9 200.9 173.1 9.2 -9.4 22.8 16.5 304.0 238.9 24.1

1993 560.1 237.7 156.3 61.4 8.4 29.2 57.9 256.1 291.5 69.8

1994 575.9 321.5 166.5 135.0 144.0 128.5 -45.5 155.9 462.0 -11.2

1995 678.1 309.6 153.6 147.0 284.8 237.0 -60.8 144.4 439.5 78.3

1996 732.4 335.7 204.9 105.7 272.2 198.8 -20.5 144.9 514.0 88.0

1997 812.5 301.2 215.5 70.3 437.5 332.3 50.8 23.1 574.1 69.9

1998 1005.5 424.3 301.4 97.1 567.0 383.4 66.8 -52.6 1026.8 37.2

1999 1040.3 493.0 378.0 112.4 581.2 382.1 37.3 -71.2 1023.5 19.0

2000 864.2 581.1 383.3 176.5 562.1 362.7 16.9 -295.9 807.3 63.0

2001 1149.1 671.8 507.1 150.6 377.4 209.3 105.5 -5.6 872.0 -11.2

2002 1418.7 824.8 704.5 105.2 191.8 33.8 144.6 257.6 886.6 93.4

2003 1683.5 1006.6 874.9 105.9 160.3 81.3 120.5 396.0 1071.6 43.0

2004 1986.3 1052.3 929.0 117.2 458.0 197.1 114.1 361.9 971.4 155.3

2005 2325.8 1175.5 1040.0 100.4 671.5 322.6 172.0 306.9 1115.1 113.0

2006 2412.0 1179.3 989.1 95.4 895.6 472.8 153.7 183.4 1296.4 332.6

2007 2513.2 863.2 674.5 139.3 1221.8 752.5 191.0 237.1 1798.9 170.3

2008 1905.2 30.1 -52.5 38.8 584.4 257.6 51.5 1239.2 902.0 -226.2

2009 1025.5 -225.5 -146.7 -115.3 -302.6 3.0 109.7 1443.9 -1844.1 211.7

2010 1451.1 -275.6 -298.3 -44.2 39.6 227.9 106.9 1580.2 -986.3 88.2

2005 -- Q1 2234.3 1030.6 909.6 113.2 594.5 274.8 197.2 411.9 991.7 66.0

 Q2 2237.3 1259.6 1088.9 113.3 631.1 273.9 133.0 213.6 1190.9 112.9

 Q3 2305.2 1228.7 1135.4 96.0 619.2 264.4 219.0 238.2 673.3 144.4

 Q4 2526.4 1182.9 1026.1 79.2 841.0 477.4 138.6 363.9 1604.5 128.8

2006 -- Q1 2728.1 1388.7 1213.7 73.0 911.2 489.4 98.7 329.4 1439.8 209.7

 Q2 2551.5 1366.4 1185.3 93.7 879.8 449.8 140.4 164.8 1550.0 194.2

 Q3 1960.2 1085.6 929.7 98.3 638.8 219.5 162.2 73.6 956.9 596.8

 Q4 2408.1 876.6 627.8 116.7 1152.4 732.4 213.4 165.7 1238.7 329.6

2007 -- Q1 2458.6 939.7 801.1 122.1 1005.6 530.7 221.4 291.9 1594.8 243.3

 Q2 2516.2 955.6 775.0 137.5 1276.5 807.0 223.7 60.4 1492.9 350.1

 Q3 2650.9 846.9 605.8 170.2 1360.2 901.2 157.0 286.8 2527.2 28.3

 Q4 2427.0 710.9 516.0 127.5 1244.9 771.0 162.0 309.2 1580.5 59.6

2008 -- Q1 1949.4 468.9 275.9 124.6 906.4 556.4 91.8 482.4 996.8 221.3

 Q2 1106.8 15.5 -58.3 91.1 732.3 376.9 50.6 308.4 956.3 -0.1

 Q3 2474.8 -91.2 -204.1 -0.1 548.9 262.0 72.6 1944.4 1114.5 -622.8

 Q4 2089.7 -273.0 -223.5 -60.4 150.2 -164.8 -9.1 2221.7 540.2 -503.3

2009 -- Q1 1484.1 -115.2 4.7 -96.9 -52.9 128.0 102.1 1550.0 -1874.8 192.3

 Q2 1425.0 -228.7 -193.5 -124.4 -298.1 -4.9 114.7 1837.1 -2327.8 224.0

 Q3 697.5 -305.8 -245.9 -98.9 -465.8 -90.6 120.2 1348.9 -1792.1 287.6

 Q4 495.3 -252.3 -152.0 -140.8 -393.5 -20.6 101.7 1039.6 -1381.5 143.0

2010 -- Q1 1226.9 -425.4 -504.2 -101.5 -58.4 301.1 105.6 1605.1 -1295.6 119.1

 Q2 1375.7 -287.6 -252.9 -75.7 -179.1 69.8 -7.3 1849.8 -1119.4 -43.5

 Q3 1383.6 -278.3 -255.3 -47.1 155.9 293.4 115.2 1390.9 -722.6 132.0

 Q4 1818.2 -110.8 -181.0 47.6 239.9 247.2 214.0 1475.1 -807.6 145.1

2011 -- Q1 674.0 -263.2 -275.8 52.5 299.1 403.1 -103.5 741.5 -172.7 221.4

 Q2 1098.7 -82.9 -239.8 84.2 434.4 438.2 -79.1 826.4 -1099.0 -17.4
Z.1, September 16, 2011 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

1977 2826.6 946.7 603.0 264.9 1054.4 687.1 256.2 569.4 337.8 128.6

1978 3211.2 1105.3 708.6 311.3 1188.4 761.4 295.6 621.9 412.5 155.7

1979 3603.0 1275.3 826.7 354.6 1347.8 844.6 322.2 657.7 504.9 168.5

1980 3953.5 1394.4 926.5 358.0 1479.7 911.8 344.4 735.0 578.1 193.4

1981 4361.7 1504.7 998.2 377.9 1664.5 1029.8 372.1 820.5 682.4 214.0

1982 4783.4 1574.0 1031.1 396.7 1813.9 1119.9 413.8 981.8 778.1 208.1

1983 5359.2 1728.5 1116.2 444.9 2002.6 1233.9 461.1 1167.0 882.7 224.1

1984 6146.2 1943.8 1242.8 526.6 2324.6 1437.8 513.6 1364.2 1052.4 232.8

1985 7123.1 2277.7 1449.6 610.6 2577.6 1617.9 677.9 1589.9 1257.3 242.5

1986 7966.3 2536.7 1648.3 666.4 2871.6 1840.6 752.1 1805.9 1593.6 251.9

1987 8670.1 2754.6 1827.9 698.6 3123.2 2034.4 842.6 1949.8 1895.5 259.0

1988 9450.7 3044.1 2054.2 745.2 3408.7 2232.9 893.0 2104.9 2145.8 269.8

1989 10152.1 3319.1 2259.5 809.3 3641.4 2409.3 940.4 2251.2 2399.3 287.9

1990 10834.9 3581.1 2488.8 824.4 3768.2 2542.3 987.4 2498.1 2613.6 318.2

1991 11301.4 3769.5 2667.0 815.6 3676.9 2487.3 1078.6 2776.4 2769.6 350.4

1992 11816.5 3970.4 2840.0 824.8 3670.6 2511.8 1095.1 3080.3 3024.1 372.4

1993 12391.4 4210.5 2998.7 886.2 3691.4 2553.4 1153.0 3336.5 3321.0 468.2

1994 12973.6 4531.7 3165.3 1021.2 3842.1 2688.7 1107.5 3492.3 3791.1 443.1

1995 13667.5 4841.2 3318.9 1168.2 4142.7 2941.5 1046.7 3636.7 4233.5 567.6

1996 14399.8 5177.0 3523.8 1273.9 4415.0 3140.3 1026.2 3781.7 4747.5 657.2

1997 15210.8 5478.4 3739.3 1344.2 4850.7 3470.8 1076.9 3804.8 5301.4 723.6

1998 16216.4 5902.7 4040.6 1441.3 5417.7 3854.1 1143.8 3752.2 6328.2 783.2

1999 17291.3 6394.9 4416.3 1553.6 6034.5 4271.7 1181.0 3681.0 7349.4 748.2

2000 18165.4 6985.8 4798.4 1741.3 6596.6 4634.4 1197.9 3385.1 8157.8 814.5

2001 19297.5 7657.6 5305.5 1891.8 6957.0 4826.7 1303.4 3379.5 9155.9 865.4

2002 20716.1 8482.4 6010.0 1997.0 7148.8 4860.5 1447.9 3637.0 10042.5 1072.8

2003 22443.8 9509.0 6894.6 2102.9 7333.4 4966.1 1568.4 4033.1 10949.3 1253.3

2004 24445.0 10576.1 7838.5 2220.1 7791.4 5163.2 1682.5 4395.0 11935.6 1438.8

2005 26770.8 11765.0 8878.5 2320.6 8449.5 5472.4 1854.5 4701.9 12996.2 1513.9

2006 29181.1 12944.3 9867.7 2416.0 9343.4 5943.5 2008.2 4885.3 14291.4 1882.6

2007 31700.8 13807.6 10542.1 2555.3 10571.7 6702.5 2199.2 5122.3 16217.5 2126.3

2008 33605.9 13842.6 10494.5 2594.1 11151.2 6955.1 2250.7 6361.5 17119.1 1708.8

2009 34641.0 13617.1 10347.9 2478.9 10858.2 6967.6 2360.3 7805.4 15615.5 2090.3

2010 36068.2 13379.3 10048.4 2434.7 10836.1 7132.8 2467.2 9385.6 14153.1 2273.1

2005 -- Q1 25003.6 10847.2 8065.9 2248.4 7926.6 5218.5 1731.8 4498.0 12183.5 1455.3

 Q2 25562.9 11162.1 8338.1 2276.7 8084.4 5287.0 1765.1 4551.4 12481.3 1483.5

 Q3 26139.2 11469.3 8622.0 2300.7 8239.2 5353.1 1819.8 4610.9 12576.1 1519.6

 Q4 26770.8 11765.0 8878.5 2320.6 8449.5 5472.4 1854.5 4701.9 12996.2 1513.9

2006 -- Q1 27450.8 12112.2 9182.0 2338.8 8675.2 5592.7 1879.2 4784.2 13352.8 1566.3

 Q2 28089.0 12453.8 9478.3 2362.2 8895.6 5705.5 1914.3 4825.4 13742.5 1614.9

 Q3 28579.1 12725.2 9710.7 2386.8 9055.3 5760.4 1954.8 4843.8 13981.7 1764.1

 Q4 29181.1 12944.3 9867.7 2416.0 9343.4 5943.5 2008.2 4885.3 14291.4 1882.6

2007 -- Q1 29802.3 13179.2 10067.9 2446.5 9601.3 6082.7 2063.5 4958.2 14817.3 1924.0

 Q2 30431.3 13418.1 10261.7 2480.9 9920.4 6284.4 2119.4 4973.3 15190.6 2011.5

 Q3 31094.0 13629.9 10413.1 2523.4 10260.5 6509.7 2158.7 5045.0 15822.4 2018.6

 Q4 31700.8 13807.6 10542.1 2555.3 10571.7 6702.5 2199.2 5122.3 16217.5 2126.3

2008 -- Q1 32188.1 13924.8 10611.1 2586.4 10798.3 6841.6 2222.1 5242.9 16466.7 2181.6

 Q2 32464.8 13928.7 10596.5 2609.2 10981.3 6935.8 2234.8 5320.0 16705.7 2181.6

 Q3 33083.5 13910.8 10550.4 2609.2 11113.6 6996.3 2252.9 5806.1 16984.0 2025.6

 Q4 33605.9 13842.6 10494.5 2594.1 11151.2 6955.1 2250.7 6361.5 17119.1 1708.8

2009 -- Q1 33986.5 13813.8 10495.7 2569.9 11147.5 6996.7 2276.2 6749.0 17032.4 1756.8

 Q2 34342.8 13756.6 10447.3 2538.8 11073.0 6995.5 2304.9 7208.3 16450.4 1812.8

 Q3 34517.1 13680.1 10385.9 2514.1 10956.5 6972.8 2334.9 7545.5 15968.2 1884.7

 Q4 34641.0 13617.1 10347.9 2478.9 10858.2 6967.6 2360.3 7805.4 15615.5 2090.3

2010 -- Q1 34968.8 13548.4 10220.7 2453.5 10826.9 7025.1 2386.7 8206.7 14836.6 2120.6

 Q2 35312.7 13476.5 10157.5 2434.6 10782.1 7042.6 2384.9 8669.1 14556.7 2109.7

 Q3 35658.6 13407.0 10093.6 2422.8 10821.1 7115.9 2413.7 9016.9 14376.1 2142.7

 Q4 36068.2 13379.3 10048.4 2434.7 10836.1 7132.8 2467.2 9385.6 14153.1 2273.1

2011 -- Q1 36236.7 13313.5 9979.4 2447.8 10910.9 7233.6 2441.3 9571.0 14109.9 2328.5

 Q2 36516.8 13298.1 9919.5 2468.9 11019.5 7343.1 2421.5 9777.6 13829.7 2324.1

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