Z.1, March 8, 2012 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

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 9.2 8.1 11.4 18.9 13.4 8.3

1984 14.8 12.7 11.4 18.4 16.1 16.3 11.4 16.9 17.9 3.7

1985 15.6 16.2 14.6 15.9 11.0 12.4 31.8 16.5 19.4 0.5

1986 11.9 11.4 13.7 9.1 11.5 13.7 10.9 13.6 26.2 4.0

1987 9.1 10.4 13.4 4.8 7.8 8.9 12.0 8.0 18.2 2.5

1988 9.0 9.8 11.8 6.7 9.9 10.9 6.0 8.0 13.2 2.9

1989 7.2 9.1 10.9 6.3 6.3 7.5 5.3 7.0 10.5 3.8

1990 6.5 6.9 8.9 1.9 3.6 5.7 5.0 11.0 8.8 8.3

1991 4.3 5.1 7.0 -1.1 -2.1 -1.9 9.2 11.1 6.0 4.8

1992 4.5 5.4 6.5 1.1 -0.3 0.9 1.5 10.9 8.6 6.9

1993 4.7 6.1 5.5 7.4 0.1 1.1 5.3 8.3 9.6 18.7

1994 4.6 7.8 5.6 15.2 3.7 4.8 -3.9 4.7 13.9 -2.4

1995 5.2 7.0 4.9 14.4 7.2 8.5 -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 5.9 6.1 5.5 9.9 10.5 4.9 0.6 12.1 10.6

1998 6.6 7.7 8.1 7.2 11.7 11.1 6.2 -1.4 19.4 5.1

1999 6.4 8.2 9.4 7.8 10.9 10.1 3.3 -1.9 16.2 2.4

2000 5.0 9.0 8.7 11.4 9.4 8.6 1.4 -8.0 11.0 8.4

2001 6.3 9.4 10.6 8.6 5.9 4.8 8.8 -0.2 10.7 -1.4

2002 7.4 10.6 13.3 5.6 3.0 1.1 11.1 7.6 9.7 10.8

2003 8.1 12.0 14.6 5.3 2.2 1.6 8.3 10.9 10.7 4.0

2004 9.2 11.0 13.5 5.6 6.5 4.4 11.9 9.0 8.9 12.4

2005 9.2 11.1 13.3 4.5 9.0 6.9 5.5 7.0 9.4 7.9

2006 8.7 10.0 11.1 4.1 11.1 9.4 3.7 3.9 10.0 22.0

2007 8.5 6.7 6.9 5.8 13.6 13.5 5.4 4.9 12.6 9.0

2008 6.0 0.1 -0.5 1.5 6.2 4.9 0.7 24.2 5.6 -10.6

2009 3.1 -1.7 -1.4 -4.4 -2.4 -1.8 3.9 22.7 -10.8 12.4

2010 4.1 -2.1 -2.9 -1.8 0.7 4.0 2.2 20.2 -6.3 4.2

2011 3.7 -0.9 -2.1 3.5 4.2 6.0 -1.9 11.4 -3.9 -1.5

2005 -- Q1 8.9 9.8 11.7 5.1 7.8 5.6 7.8 9.4 8.3 4.6

 Q2 8.7 11.5 13.4 5.0 8.2 5.8 5.2 4.7 9.8 7.8

 Q3 8.6 11.1 13.6 4.3 8.2 6.0 5.0 5.2 5.4 9.7

 Q4 9.4 10.3 12.0 3.4 10.7 9.7 3.7 7.9 12.8 8.5

2006 -- Q1 9.6 11.8 13.6 3.2 11.1 9.4 0.1 7.0 11.1 13.9

 Q2 9.1 11.3 12.9 4.0 10.5 8.7 4.7 3.4 11.7 12.4

 Q3 6.7 8.6 9.8 4.1 7.5 4.5 4.5 1.5 7.0 37.0

 Q4 8.2 6.8 6.4 4.9 13.4 13.8 5.5 3.4 8.9 18.7

2007 -- Q1 8.4 7.3 8.3 5.0 11.5 10.0 6.8 6.0 11.0 12.9

 Q2 8.3 7.3 7.7 5.6 13.9 14.2 5.9 1.2 10.1 18.2

 Q3 8.5 6.3 6.1 6.7 14.0 14.8 4.2 5.8 16.6 1.4

 Q4 7.7 5.3 4.7 5.2 12.5 12.4 4.3 6.1 10.0 3.0

2008 -- Q1 6.1 3.3 2.6 4.9 9.2 9.1 1.8 9.4 6.1 10.4

 Q2 3.6 0.1 -0.6 3.5 7.7 7.1 0.8 5.9 5.8 -0.0

 Q3 7.4 -0.9 -2.0 -0.2 5.6 4.7 0.7 36.5 6.7 -28.5

 Q4 6.3 -2.1 -2.1 -2.1 1.8 -1.5 -0.5 38.3 3.2 -24.8

2009 -- Q1 4.3 -0.9 0.1 -3.6 -0.1 1.6 2.1 24.4 -11.0 11.3

 Q2 4.1 -1.7 -1.9 -5.0 -2.5 -1.9 4.2 27.2 -13.7 12.7

 Q3 2.0 -2.3 -2.3 -4.1 -3.8 -3.9 3.8 18.7 -10.9 15.9

 Q4 1.6 -1.8 -1.4 -5.3 -3.2 -3.1 5.1 13.8 -8.7 7.6

2010 -- Q1 3.5 -3.1 -4.8 -3.9 -0.1 5.1 2.4 20.6 -8.1 5.7

 Q2 3.9 -2.2 -2.5 -3.3 -1.3 1.7 -0.5 22.5 -7.5 -2.0

 Q3 3.7 -2.2 -2.5 -2.2 1.8 5.0 2.1 16.0 -4.8 6.3

 Q4 4.9 -0.7 -1.8 2.3 2.5 4.0 4.8 16.4 -5.9 6.8

2011 -- Q1 2.3 -1.9 -2.7 2.2 4.1 6.3 -3.3 7.9 -0.8 9.4

 Q2 3.0 -0.6 -2.4 3.6 4.4 6.7 -3.5 8.6 -7.2 -1.1

 Q3 4.4 -1.2 -1.9 1.4 3.6 4.7 0.0 14.1 -3.6 -8.4

 Q4 4.9 0.3 -1.5 6.9 4.6 6.0 -1.0 13.1 -4.4 -5.5

1. Data shown are on an end-of-period basis.
8 Z.1, March 8, 2012

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

1980 342.9 108.0 90.2 3.4 135.3 71.9 22.2 77.4 73.2 24.2

1981 409.7 106.5 67.0 19.8 190.0 124.7 27.6 85.5 105.1 23.5

1982 451.8 84.3 47.4 18.8 164.4 105.7 41.7 161.3 93.0 16.0

1983 572.9 174.6 105.1 48.2 165.7 91.4 47.3 185.2 104.4 17.3

1984 791.7 221.2 127.3 81.7 320.8 202.6 52.5 197.2 157.8 8.4

1985 958.8 314.8 181.5 84.0 254.7 180.0 163.6 225.7 204.0 1.2

1986 845.7 260.5 198.8 55.8 295.0 222.6 74.2 216.0 328.8 9.7

1987 722.0 264.0 221.5 32.3 223.7 165.1 90.4 143.9 290.6 6.3

1988 784.1 270.1 215.7 46.6 308.5 222.8 50.4 155.1 250.2 7.4

1989 684.3 276.3 224.9 47.0 214.3 166.8 47.4 146.4 225.0 10.2

1990 655.5 230.2 200.1 15.1 131.3 137.8 47.1 246.9 211.2 23.9

1991 469.8 180.8 174.6 -8.8 -80.5 -48.4 91.2 278.2 156.0 15.1

1992 511.9 201.9 173.1 9.2 -10.5 22.0 16.5 304.0 238.9 24.1

1993 560.1 240.5 156.3 61.4 5.5 26.8 57.9 256.1 291.5 69.8

1994 575.9 328.4 166.5 135.0 137.2 122.6 -45.5 155.9 462.0 -11.2

1995 678.1 318.4 153.6 147.0 276.0 229.2 -60.8 144.4 439.5 78.3

1996 732.4 335.2 204.9 105.7 272.7 200.5 -20.5 144.9 514.0 88.0

1997 812.5 304.6 215.5 70.3 434.1 330.2 50.8 23.1 574.1 69.9

1998 1005.5 425.2 301.4 97.1 566.2 384.4 66.8 -52.6 1026.8 37.2

1999 1040.3 486.8 378.0 112.4 587.4 389.6 37.3 -71.2 1023.5 19.0

2000 864.2 579.2 383.3 176.5 563.9 366.1 16.9 -295.9 807.3 63.0

2001 1149.1 659.2 507.1 150.6 390.1 224.6 105.5 -5.6 872.0 -11.2

2002 1418.7 810.4 704.5 105.2 206.2 51.6 144.6 257.6 886.6 93.4

2003 1683.5 1011.5 874.9 105.9 155.4 76.6 120.5 396.0 1071.6 43.0

2004 2068.7 1044.3 929.0 117.2 475.7 219.4 186.8 361.9 971.3 155.3

2005 2324.7 1175.0 1042.3 100.4 705.6 361.5 137.2 306.9 1116.5 113.0

2006 2397.5 1172.1 987.8 95.4 943.7 525.1 98.3 183.4 1300.2 332.6

2007 2539.5 867.0 677.2 139.3 1288.5 823.8 146.9 237.1 1794.6 170.3

2008 1937.0 13.7 -54.2 38.8 664.1 340.8 20.0 1239.2 901.8 -226.2

2009 1052.1 -230.9 -145.3 -115.3 -272.4 -132.3 111.5 1443.9 -1844.1 211.7

2010 1446.1 -279.3 -299.2 -44.2 79.0 284.8 66.2 1580.2 -980.3 88.2

2011 1368.3 -113.9 -213.2 86.3 472.9 444.9 -58.6 1067.9 -556.4 -33.4

2005 -- Q1 2246.4 1030.5 917.3 113.6 610.2 291.9 193.7 411.9 992.2 66.0

 Q2 2251.1 1250.2 1084.3 112.3 656.4 306.2 131.0 213.6 1190.9 112.9

 Q3 2273.9 1236.0 1136.5 97.0 670.5 322.1 129.2 238.2 674.7 144.4

 Q4 2527.5 1183.3 1031.0 78.9 885.4 525.9 95.0 363.9 1608.3 128.8

2006 -- Q1 2659.4 1379.9 1210.3 73.2 946.3 526.5 3.8 329.4 1442.8 209.7

 Q2 2576.2 1368.0 1181.7 93.7 919.3 495.5 124.1 164.8 1557.8 194.2

 Q3 1941.3 1070.9 933.1 97.5 678.0 263.2 118.7 73.6 961.2 596.8

 Q4 2413.0 869.6 626.1 117.2 1231.3 814.9 146.4 165.7 1239.0 329.6

2007 -- Q1 2504.0 942.1 818.6 121.9 1085.2 612.9 184.8 291.9 1578.3 243.3

 Q2 2542.5 963.2 772.5 137.9 1355.5 891.9 163.4 60.4 1491.8 350.1

 Q3 2663.8 848.3 622.6 166.8 1412.1 958.1 116.6 286.8 2527.7 28.3

 Q4 2447.5 714.3 495.0 130.7 1301.4 832.3 122.6 309.2 1580.6 59.6

2008 -- Q1 1974.1 454.9 278.4 125.4 986.0 630.3 50.8 482.4 995.7 221.3

 Q2 1191.1 19.0 -60.1 89.7 842.0 500.0 21.7 308.4 956.2 -0.1

 Q3 2460.0 -131.2 -208.6 -6.1 625.2 339.4 21.5 1944.4 1115.2 -622.8

 Q4 2122.9 -287.9 -226.4 -53.8 203.2 -106.5 -14.1 2221.7 540.0 -503.3

2009 -- Q1 1478.5 -120.5 6.1 -94.1 -12.8 118.3 61.8 1550.0 -1874.9 192.3

 Q2 1438.9 -237.1 -195.2 -128.6 -283.6 -139.6 122.4 1837.1 -2327.9 224.0

 Q3 709.0 -317.1 -241.6 -105.2 -434.4 -282.5 111.6 1348.9 -1792.1 287.6

 Q4 581.9 -248.9 -150.4 -133.0 -359.0 -225.5 150.2 1039.6 -1381.6 143.0

2010 -- Q1 1247.2 -420.1 -499.3 -97.6 -10.1 361.5 72.2 1605.1 -1257.3 119.1

 Q2 1388.6 -297.3 -254.6 -82.1 -148.0 125.0 -15.9 1849.8 -1107.9 -43.5

 Q3 1354.0 -300.4 -258.8 -53.5 201.5 362.5 62.0 1390.9 -703.6 132.0

 Q4 1794.5 -99.6 -183.9 56.5 272.3 290.4 146.6 1475.1 -852.2 145.1

2011 -- Q1 839.9 -254.9 -274.0 52.6 453.1 464.5 -99.9 741.5 -112.0 212.7

 Q2 1130.8 -84.4 -243.5 87.5 495.3 500.4 -106.5 826.4 -1010.4 -25.7

 Q3 1636.2 -159.3 -184.8 34.6 411.9 353.3 1.0 1382.6 -494.4 -195.3

 Q4 1866.5 43.1 -150.3 170.4 531.3 461.3 -29.1 1321.2 -608.9 -125.4
Z.1, March 8, 2012 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

1980 3953.5 1399.4 926.5 358.0 1474.7 918.2 344.4 735.0 578.1 193.4

1981 4361.7 1510.7 998.2 377.9 1658.5 1036.7 372.1 820.5 682.4 214.0

1982 4783.4 1580.3 1031.1 396.7 1807.6 1127.1 413.8 981.8 778.1 208.1

1983 5359.2 1734.9 1116.2 444.9 1996.2 1241.4 461.1 1167.0 882.7 224.1

1984 6146.2 1947.7 1242.8 526.6 2320.6 1447.6 513.6 1364.2 1052.4 232.8

1985 7123.1 2283.3 1449.6 610.6 2572.0 1624.3 677.9 1589.9 1257.3 242.5

1986 7966.3 2542.3 1648.3 666.4 2866.0 1845.9 752.1 1805.9 1593.6 251.9

1987 8670.1 2760.3 1827.9 698.6 3117.4 2038.8 842.6 1949.8 1895.5 259.0

1988 9450.7 3047.3 2054.2 745.2 3405.5 2238.9 893.0 2104.9 2145.8 269.8

1989 10152.1 3316.2 2259.5 809.3 3644.3 2421.7 940.4 2251.2 2399.3 287.9

1990 10834.9 3575.6 2488.8 824.4 3773.8 2557.6 987.4 2498.1 2613.6 318.2

1991 11301.4 3760.0 2667.0 815.6 3686.4 2506.8 1078.6 2776.4 2769.6 350.4

1992 11816.5 3961.9 2840.0 824.8 3679.1 2530.4 1095.1 3080.3 3024.1 372.4

1993 12391.4 4204.8 2998.7 886.2 3697.1 2569.7 1153.0 3336.5 3321.0 468.2

1994 12973.6 4532.5 3165.3 1021.2 3841.3 2699.3 1107.5 3492.3 3791.1 443.1

1995 13667.5 4850.9 3318.9 1168.2 4133.1 2944.3 1046.7 3636.7 4233.5 567.6

1996 14399.8 5186.1 3523.8 1273.9 4405.8 3144.9 1026.2 3781.7 4747.5 657.2

1997 15210.8 5491.2 3739.3 1344.2 4837.9 3473.0 1076.9 3804.8 5301.4 723.6

1998 16216.4 5916.4 4040.6 1441.3 5404.0 3857.4 1143.8 3752.2 6328.2 783.2

1999 17291.3 6403.6 4416.3 1553.6 6025.8 4281.4 1181.0 3681.0 7349.4 748.2

2000 18165.4 6992.7 4798.4 1741.3 6589.7 4647.5 1197.9 3385.1 8157.8 814.5

2001 19297.5 7651.8 5305.5 1891.8 6962.8 4855.1 1303.4 3379.5 9155.9 865.4

2002 20716.1 8462.2 6010.0 1997.0 7169.0 4906.8 1447.9 3637.0 10042.5 1072.8

2003 22443.8 9503.8 6894.6 2102.9 7338.5 4997.5 1568.4 4033.1 10949.3 1253.3

2004 25264.5 10568.4 7838.5 2220.1 7815.7 5218.3 2485.4 4395.0 11935.5 1438.8

2005 27589.2 11743.4 8880.8 2320.6 8521.3 5579.9 2622.6 4701.9 12997.5 1513.9

2006 29985.0 12915.4 9868.5 2416.0 9463.4 6103.3 2720.9 4885.3 14296.5 1882.6

2007 32531.0 13782.4 10545.7 2555.3 10758.4 6933.6 2867.8 5122.3 16218.4 2126.3

2008 34468.0 13801.1 10496.5 2594.1 11417.6 7269.4 2887.8 6361.5 17119.8 1708.8

2009 35435.9 13570.2 10351.2 2478.9 11061.0 7052.9 2999.3 7805.4 15539.6 2090.3

2010 36938.1 13328.6 10050.9 2434.7 11158.4 7355.1 3065.5 9385.6 14141.8 2273.1

2011 38314.6 13222.9 9840.5 2521.0 11631.3 7800.0 3006.8 10453.6 13580.0 2239.7

2005 -- Q1 25826.1 10826.0 8067.8 2248.5 7968.3 5291.3 2533.9 4498.0 12183.6 1455.3

 Q2 26388.8 11138.5 8338.9 2276.6 8132.4 5367.8 2566.6 4551.4 12481.3 1483.5

 Q3 26957.3 11447.5 8623.0 2300.8 8300.0 5448.4 2598.9 4610.9 12576.5 1519.6

 Q4 27589.2 11743.4 8880.8 2320.6 8521.3 5579.9 2622.6 4701.9 12997.5 1513.9

2006 -- Q1 28252.0 12088.3 9183.3 2338.9 8755.8 5709.4 2623.6 4784.2 13354.9 1566.3

 Q2 28896.5 12430.3 9478.8 2362.3 8986.1 5833.7 2654.6 4825.4 13746.5 1614.9

 Q3 29381.8 12698.1 9712.0 2386.7 9155.6 5899.5 2684.3 4843.8 13986.8 1764.1

 Q4 29985.0 12915.4 9868.5 2416.0 9463.4 6103.3 2720.9 4885.3 14296.5 1882.6

2007 -- Q1 30617.5 13151.0 10073.2 2446.4 9741.2 6262.9 2767.1 4958.2 14818.3 1924.0

 Q2 31253.2 13391.8 10266.3 2480.9 10080.1 6485.9 2808.0 4973.3 15191.3 2011.5

 Q3 31919.1 13603.9 10422.0 2522.6 10433.1 6725.5 2837.1 5045.0 15823.2 2018.6

 Q4 32531.0 13782.4 10545.7 2555.3 10758.4 6933.6 2867.8 5122.3 16218.4 2126.3

2008 -- Q1 33024.5 13896.2 10615.3 2586.6 11004.9 7091.1 2880.5 5242.9 16467.3 2181.6

 Q2 33322.3 13900.9 10600.3 2609.1 11215.4 7216.1 2885.9 5320.0 16706.3 2181.6

 Q3 33937.3 13873.1 10553.1 2607.6 11366.8 7296.0 2891.3 5806.1 16984.8 2025.6

 Q4 34468.0 13801.1 10496.5 2594.1 11417.6 7269.4 2887.8 6361.5 17119.8 1708.8

2009 -- Q1 34847.2 13771.0 10498.0 2570.6 11424.0 7308.5 2903.2 6749.0 17033.0 1756.8

 Q2 35206.9 13711.7 10449.2 2538.4 11353.1 7273.6 2933.8 7208.3 16451.0 1812.8

 Q3 35384.2 13632.4 10388.8 2512.1 11244.5 7203.0 2961.7 7545.5 15968.8 1884.7

 Q4 35435.9 13570.2 10351.2 2478.9 11061.0 7052.9 2999.3 7805.4 15539.6 2090.3

2010 -- Q1 35803.8 13502.9 10225.2 2454.5 11076.9 7160.5 3017.3 8206.7 14807.8 2120.6

 Q2 36151.0 13428.6 10161.6 2433.9 11039.9 7191.8 3013.3 8669.1 14530.8 2109.7

 Q3 36489.5 13353.5 10096.9 2420.6 11090.3 7282.4 3028.8 9016.9 14354.9 2142.7

 Q4 36938.1 13328.6 10050.9 2434.7 11158.4 7355.1 3065.5 9385.6 14141.8 2273.1

2011 -- Q1 37148.1 13264.9 9982.4 2447.8 11271.7 7471.1 3040.5 9571.0 14113.8 2326.3

 Q2 37436.2 13249.2 9921.5 2469.7 11395.5 7596.2 3013.9 9777.6 13855.9 2319.9

 Q3 37845.2 13209.3 9875.3 2478.4 11498.5 7684.6 3014.1 10123.3 13732.2 2271.1

 Q4 38314.6 13222.9 9840.5 2521.0 11631.3 7800.0 3006.8 10453.6 13580.0 2239.7

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