Z.1, December 10, 2009
 7

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

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 10.4 5.6 4.8 5.0 9.9 10.3 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 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 -2.3 -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 7.8 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 5.8 4.6 8.8 -0.2 10.7 -1.4

2002 7.3 10.8 13.3 5.6 2.6 0.5 11.1 7.6 9.6 10.8

2003 8.1 11.7 14.5 5.3 2.3 1.8 8.3 10.9 10.6 4.0

2004 8.9 11.1 13.5 5.6 6.3 4.1 7.4 9.0 9.0 12.4

2005 9.5 11.1 13.2 4.5 8.8 6.5 10.2 7.0 9.4 7.9

2006 9.0 10.0 11.0 4.1 10.5 8.4 8.2 3.9 9.9 22.0

2007 8.7 6.7 6.7 5.7 13.4 13.1 9.3 4.9 12.6 9.0

2008 5.9 0.3 -0.6 1.6 5.2 5.1 2.0 24.2 5.5 -6.1

2003 -- Q1 6.4 10.8 12.7 6.1 2.8 2.4 7.5 2.9 11.7 2.9

 Q2 10.9 13.0 15.7 6.4 3.6 3.8 11.5 20.0 8.3 15.6

 Q3 7.4 11.3 14.4 4.4 1.5 0.4 6.5 9.7 9.4 -11.2

 Q4 6.8 9.9 12.2 3.8 1.4 0.5 6.8 9.5 11.5 8.9

2004 -- Q1 8.4 10.0 11.6 6.4 5.9 3.3 9.9 8.5 7.7 11.9

 Q2 8.7 11.3 14.1 3.5 4.4 1.4 4.2 12.0 9.3 0.9

 Q3 7.8 9.3 11.8 6.0 6.2 4.0 8.4 7.0 8.0 10.0

 Q4 9.5 11.9 13.9 5.9 8.3 7.4 6.2 7.3 9.8 25.0

2005 -- Q1 8.7 9.1 10.8 5.0 7.1 4.5 11.7 9.2 7.9 4.6

 Q2 8.8 11.1 13.1 5.1 8.4 5.9 7.5 4.4 9.7 7.8

 Q3 9.4 11.3 13.6 4.3 8.2 5.8 12.2 6.0 5.9 9.7

 Q4 10.0 11.0 12.9 3.5 10.3 9.0 7.9 7.8 12.9 8.5

2006 -- Q1 9.7 11.4 13.5 2.8 10.1 7.9 5.2 6.6 10.6 13.8

 Q2 9.1 11.2 12.6 4.1 10.1 8.1 7.0 2.6 11.5 12.4

 Q3 7.4 8.6 9.2 4.3 7.8 4.9 8.1 3.1 7.4 37.0

 Q4 8.6 7.6 7.2 4.9 12.3 11.9 11.3 3.1 8.8 18.7

2007 -- Q1 8.3 7.0 8.0 5.2 10.9 9.1 11.0 5.5 10.5 12.9

 Q2 8.3 7.2 7.6 5.4 13.5 13.6 10.0 0.3 10.1 18.2

 Q3 9.2 5.9 4.8 7.0 14.5 15.6 7.2 8.0 16.8 1.4

 Q4 8.0 6.0 5.8 4.7 12.1 11.7 7.7 5.3 10.3 3.0

2008 -- Q1 5.5 3.1 2.6 4.5 7.8 6.9 3.6 8.1 5.5 15.3

 Q2 3.3 0.2 -0.5 4.1 6.4 6.7 1.1 5.9 5.8 4.7

 Q3 8.2 -0.4 -2.4 0.6 5.2 5.8 3.3 39.2 7.0 -23.2

 Q4 6.1 -1.8 -1.9 -2.9 1.0 0.8 -0.2 37.0 3.3 -20.4

2009 -- Q1 4.3 -1.2 -0.2 -3.4 0.5 3.4 4.4 22.6 -10.4 9.6

 Q2 4.5 -1.6 -1.6 -4.7 -2.2 0.8 3.6 28.2 -12.5 10.1

 Q3 2.8 -2.6 -3.6 -3.2 -2.6 1.3 5.1 20.6 -9.3 14.9

1. Data shown are on an end-of-period basis.
8 Z.1, December 10, 2009


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

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 451.8 83.9 47.4 18.8 164.8 105.4 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 958.8 313.8 181.5 84.0 255.8 182.8 163.6 225.7 204.0 1.2

1986 845.7 261.1 198.8 55.8 294.4 223.2 74.2 216.0 328.8 9.7

1987 718.8 263.8 221.5 32.3 220.6 162.8 90.4 143.9 290.6 6.3

1988 784.1 271.5 215.7 46.6 307.1 222.1 50.4 155.1 250.2 7.4

1989 684.3 282.9 224.9 47.0 207.7 160.1 47.4 146.4 225.0 10.2

1990 655.5 232.7 200.1 15.1 128.8 134.9 47.1 246.9 211.2 23.9

1991 469.8 185.2 174.6 -8.8 -84.8 -53.1 91.2 278.2 156.0 15.1

1992 511.9 200.7 173.1 9.2 -9.3 23.0 16.5 304.0 238.9 24.1

1993 560.1 237.5 156.3 61.4 8.5 29.4 57.9 256.1 291.5 69.8

1994 575.9 321.8 166.5 135.0 143.7 128.2 -45.5 155.9 462.0 -11.2

1995 678.1 309.4 153.6 147.0 285.0 237.2 -60.8 144.4 439.5 78.3

1996 732.4 335.8 204.9 105.7 272.2 198.7 -20.5 144.9 514.0 88.0

1997 812.5 300.3 215.5 70.3 438.3 333.1 50.8 23.1 574.1 69.9

1998 1005.5 425.8 301.4 97.1 565.6 381.9 66.8 -52.6 1026.8 37.2

1999 1040.6 493.5 378.0 112.4 581.1 381.9 37.3 -71.2 1023.5 19.0

2000 864.6 581.4 383.3 176.5 562.2 362.7 16.9 -295.9 807.3 63.0

2001 1151.9 672.0 507.1 150.6 380.0 211.9 105.5 -5.6 874.7 -11.2

2002 1408.0 825.3 704.5 105.2 181.0 23.0 144.1 257.6 876.5 93.4

2003 1677.7 995.9 870.1 105.5 165.7 86.8 120.1 396.0 1066.7 43.0

2004 1991.7 1049.6 927.2 117.0 464.7 203.8 115.4 361.9 979.8 155.3

2005 2329.2 1168.1 1033.4 100.3 682.5 333.7 171.7 306.9 1118.5 113.0

2006 2398.5 1176.0 977.4 95.3 887.9 465.1 151.2 183.4 1291.0 332.6

2007 2536.7 861.3 658.9 136.9 1252.3 783.0 185.9 237.1 1791.9 170.3

2008 1870.4 37.0 -58.1 40.2 551.0 347.7 43.3 1239.2 888.5 -129.5

2003 -- Q1 1330.2 917.3 764.9 121.3 198.6 118.3 108.3 106.0 1173.8 31.5

 Q2 2289.5 1133.4 975.1 130.5 255.4 185.9 169.6 731.2 855.3 169.0

 Q3 1596.2 1015.6 927.6 90.4 108.9 20.6 98.1 373.5 994.7 -125.7

 Q4 1495.1 917.3 812.7 79.6 100.1 22.2 104.3 373.5 1243.0 97.2

2004 -- Q1 1877.5 947.2 800.2 133.9 433.2 166.1 155.0 342.0 836.7 149.0

 Q2 1992.3 1103.0 998.9 75.4 329.5 71.9 66.9 492.8 1039.8 11.3

 Q3 1829.3 930.8 863.3 130.2 463.3 202.3 136.4 298.8 906.9 128.8

 Q4 2267.6 1217.6 1046.5 128.5 632.8 374.7 103.3 314.1 1136.0 331.9

2005 -- Q1 2116.2 965.0 846.8 110.2 552.0 232.5 197.1 402.2 945.5 66.2

 Q2 2193.9 1200.6 1049.3 114.3 667.9 311.2 129.7 195.6 1175.4 112.8

 Q3 2395.6 1247.9 1130.9 96.8 661.2 307.7 216.0 270.5 737.7 144.4

 Q4 2611.3 1258.9 1106.6 80.0 849.1 483.3 144.0 359.2 1615.4 128.7

2006 -- Q1 2595.7 1330.3 1191.3 66.0 858.1 435.9 96.6 310.7 1382.7 209.7

 Q2 2484.0 1345.9 1154.8 95.4 881.5 452.8 132.4 124.2 1539.0 194.1

 Q3 2067.8 1063.1 871.0 102.6 698.4 280.8 155.7 150.6 1009.4 597.0

 Q4 2446.4 964.6 692.6 117.0 1113.7 690.8 220.1 148.0 1232.7 329.6

2007 -- Q1 2405.4 898.6 783.7 125.0 1019.1 542.3 219.9 267.8 1501.4 243.3

 Q2 2466.5 947.6 759.9 132.4 1299.0 832.1 205.4 14.5 1493.7 349.9

 Q3 2784.7 791.1 491.8 172.9 1443.4 986.7 152.3 397.8 2542.2 28.5

 Q4 2490.0 808.0 600.2 117.3 1247.7 770.7 166.2 268.2 1630.2 59.6

2008 -- Q1 1748.3 431.4 277.6 115.0 825.6 467.8 78.6 412.7 884.5 325.3

 Q2 1056.8 31.8 -56.9 105.4 689.9 461.2 24.8 310.4 947.9 103.8

 Q3 2665.5 -62.1 -257.1 16.6 575.7 405.6 73.3 2078.5 1167.3 -517.5

 Q4 2011.2 -253.3 -195.8 -76.4 112.8 56.3 -3.5 2155.2 554.3 -429.8

2009 -- Q1 1430.0 -160.7 -19.6 -88.7 52.9 240.6 98.2 1439.6 -1781.3 179.7

 Q2 1514.1 -214.2 -171.2 -120.8 -248.9 56.8 82.0 1895.3 -2134.4 192.0

 Q3 965.6 -351.3 -369.9 -81.6 -283.9 94.2 115.9 1484.9 -1532.6 291.4
Z.1, December 10, 2009
 9

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

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 7123.1 2277.8 1449.6 610.6 2577.5 1617.8 677.9 1589.9 1257.3 242.5

1986 7966.3 2537.3 1648.3 666.4 2871.0 1840.0 752.1 1805.9 1593.6 251.9

1987 8670.1 2755.1 1827.9 698.6 3122.6 2033.8 842.6 1949.8 1895.5 259.0

1988 9450.7 3043.6 2054.2 745.2 3409.2 2233.4 893.0 2104.9 2145.8 269.8

1989 10152.1 3319.0 2259.5 809.3 3641.5 2409.4 940.4 2251.2 2399.3 287.9

1990 10834.9 3580.9 2488.8 824.4 3768.5 2542.5 987.4 2498.1 2613.6 318.2

1991 11301.4 3769.7 2667.0 815.6 3676.7 2487.2 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 4210.3 2998.7 886.2 3691.5 2553.6 1153.0 3336.5 3321.0 468.2

1994 12973.6 4531.8 3165.3 1021.2 3842.0 2688.5 1107.5 3492.3 3791.1 443.1

1995 13667.5 4841.2 3318.9 1168.2 4142.8 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 5477.6 3739.3 1344.2 4851.5 3471.6 1076.9 3804.8 5301.4 723.6

1998 16216.4 5903.4 4040.6 1441.3 5417.1 3853.4 1143.8 3752.2 6328.2 783.2

1999 17291.6 6396.0 4416.3 1553.6 6033.7 4270.9 1181.0 3681.0 7349.4 748.2

2000 18167.3 6988.5 4799.6 1741.3 6595.8 4633.6 1197.9 3385.1 8157.8 814.5

2001 19302.3 7660.5 5306.6 1891.8 6958.9 4828.5 1303.4 3379.5 9158.7 865.4

2002 20710.2 8485.8 6011.2 1997.0 7139.9 4851.6 1447.5 3637.0 10035.1 1072.8

2003 22420.4 9484.1 6873.4 2102.5 7335.6 4968.4 1567.6 4033.1 10925.3 1253.3

2004 24426.9 10548.6 7815.5 2219.5 7800.4 5172.2 1683.0 4395.0 11920.0 1438.8

2005 26756.1 11716.7 8848.9 2319.8 8482.9 5505.8 1854.7 4701.9 12984.0 1513.9

2006 29151.3 12892.7 9826.3 2415.0 9367.5 5967.7 2005.9 4885.3 14272.4 1882.6

2007 31694.5 13754.0 10485.2 2551.9 10626.3 6757.1 2191.8 5122.3 16191.5 2126.3

2008 33564.9 13795.9 10432.1 2592.1 11172.3 7099.9 2235.1 6361.5 17079.7 1864.4

2003 -- Q1 21042.8 8715.2 6202.4 2027.3 7189.5 4881.2 1474.6 3663.5 10328.6 1080.7

 Q2 21615.2 8998.5 6446.2 2060.0 7253.3 4927.6 1517.0 3846.3 10542.4 1123.0

 Q3 22014.2 9252.4 6678.1 2082.6 7280.6 4932.8 1541.5 3939.7 10791.1 1091.5

 Q4 22420.4 9484.1 6873.4 2102.5 7335.6 4968.4 1567.6 4033.1 10925.3 1253.3

2004 -- Q1 22889.7 9720.9 7073.4 2135.9 7444.0 5009.9 1606.3 4118.6 11134.5 1290.5

 Q2 23387.8 9996.6 7323.2 2154.8 7526.3 5027.9 1623.1 4241.8 11394.4 1293.4

 Q3 23860.0 10244.2 7553.9 2187.4 7642.2 5078.5 1657.2 4316.5 11636.0 1325.6

 Q4 24426.9 10548.6 7815.5 2219.5 7800.4 5172.2 1683.0 4395.0 11920.0 1438.8

2005 -- Q1 24955.9 10789.8 8027.2 2247.0 7938.3 5230.3 1732.2 4495.5 12156.4 1455.3

 Q2 25504.4 11090.0 8289.5 2275.6 8105.3 5308.1 1764.7 4544.4 12450.2 1483.6

 Q3 26103.3 11401.9 8572.2 2299.8 8270.6 5385.0 1818.7 4612.1 12561.1 1519.6

 Q4 26756.1 11716.7 8848.9 2319.8 8482.9 5505.8 1854.7 4701.9 12984.0 1513.9

2006 -- Q1 27401.8 12049.2 9146.7 2336.3 8694.1 5611.6 1878.9 4779.5 13326.3 1566.3

 Q2 28022.8 12385.7 9435.4 2360.1 8914.5 5724.8 1912.0 4810.6 13711.8 1614.8

 Q3 28539.7 12651.5 9653.1 2385.8 9089.1 5795.0 1950.9 4848.3 13964.2 1764.1

 Q4 29151.3 12892.7 9826.3 2415.0 9367.5 5967.7 2005.9 4885.3 14272.4 1882.6

2007 -- Q1 29759.2 13117.3 10022.2 2446.3 9628.8 6109.7 2060.8 4952.2 14774.9 1924.0

 Q2 30375.8 13354.2 10212.2 2479.4 9953.6 6317.8 2112.2 4955.8 15148.4 2011.4

 Q3 31072.0 13552.0 10335.1 2522.6 10314.4 6564.5 2150.3 5055.3 15783.9 2018.6

 Q4 31694.5 13754.0 10485.2 2551.9 10626.3 6757.1 2191.8 5122.3 16191.5 2126.3

2008 -- Q1 32131.5 13861.8 10554.6 2580.7 10832.7 6874.1 2211.5 5225.5 16412.6 2207.6

 Q2 32395.8 13869.8 10540.3 2607.1 11005.2 6989.4 2217.7 5303.1 16649.6 2233.6

 Q3 33062.1 13859.2 10481.0 2611.2 11144.2 7085.8 2236.0 5822.7 16941.1 2103.9

 Q4 33564.9 13795.9 10432.1 2592.1 11172.3 7099.9 2235.1 6361.5 17079.7 1864.4

2009 -- Q1 33932.0 13755.7 10427.2 2570.0 11195.2 7169.6 2259.7 6721.4 17016.3 1909.3

 Q2 34310.5 13702.2 10384.4 2539.8 11132.9 7183.8 2280.2 7195.2 16482.7 1957.3

 Q3 34551.9 13614.4 10291.9 2519.4 11062.0 7207.4 2309.1 7566.5 16065.3 2030.2

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