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Federal Reserve Board of Governors

Accessible version


Data for figures presented with speech given by Governor Duke on March 30, 2009.

Figure 1
Growth of Home Mortgages (Annualized percent change)

Date Growth of
Home Mortgages
3/31/1952 12.72
6/30/1952 11.95
9/30/1952 12.12
12/31/1952 12.58
3/31/1953 12.87
6/30/1953 13.85
9/30/1953 11.52
12/31/1953 10.91
3/31/1954 10.37
6/30/1954 15.92
9/30/1954 10.84
12/31/1954 16.84
3/31/1955 16.96
6/30/1955 17.01
9/30/1955 15.25
12/31/1955 13.79
3/31/1956 12.54
6/30/1956 12.54
9/30/1956 11.16
12/31/1956 10.85
3/31/1957 10.07
6/30/1957 8.09
9/30/1957 8.08
12/31/1957 7.65
3/31/1958 7.55
6/30/1958 7.26
9/30/1958 9.35
12/31/1958 11.22
3/31/1959 11.08
6/30/1959 10.7
9/30/1959 11.08
12/31/1959 9.92
3/31/1960 9.14
6/30/1960 7.59
9/30/1960 8.63
12/31/1960 8.27
3/31/1961 7.89
6/30/1961 7.36
9/30/1961 8.99
12/31/1961 10.44
3/31/1962 7.84
6/30/1962 8.63
9/30/1962 9.58
12/31/1962 9.82
3/31/1963 8.64
6/30/1963 9.39
9/30/1963 10.52
12/31/1963 9.97
3/31/1964 9.33
6/30/1964 8.69
9/30/1964 9.31
12/31/1964 8.68
3/31/1965 8.4
6/30/1965 7.57
9/30/1965 8.64
12/31/1965 8.21
3/31/1966 7.83
6/30/1966 5.88
9/30/1966 5.13
12/31/1966 4.24
3/31/1967 4.02
6/30/1967 3.84
9/30/1967 7.33
12/31/1967 7.21
3/31/1968 6.75
6/30/1968 6.07
9/30/1968 7.06
12/31/1968 7.21
3/31/1969 7.03
6/30/1969 6.43
9/30/1969 7.06
12/31/1969 5.92
3/31/1970 4.34
6/30/1970 1.63
9/30/1970 4.17
12/31/1970 6.01
3/31/1971 7.64
6/30/1971 5.44
9/30/1971 9.11
12/31/1971 10.57
3/31/1972 10.92
6/30/1972 8.07
9/30/1972 11.03
12/31/1972 12.35
3/31/1973 12.64
6/30/1973 9.35
9/30/1973 10.15
12/31/1973 12.05
3/31/1974 10.58
6/30/1974 8.67
9/30/1974 9.57
12/31/1974 8.88
3/31/1975 7.63
6/30/1975 7.52
9/30/1975 9.38
12/31/1975 12.11
3/31/1976 12.71
6/30/1976 9.79
9/30/1976 12.27
12/31/1976 13.22
3/31/1977 14.95
6/30/1977 15
9/30/1977 16.6
12/31/1977 16.17
3/31/1978 15.98
6/30/1978 15.21
9/30/1978 17.12
12/31/1978 17.65
3/31/1979 17.36
6/30/1979 14.17
9/30/1979 15.36
12/31/1979 15.13
3/31/1980 11.5
6/30/1980 7.28
9/30/1980 11.19
12/31/1980 11.69
3/31/1981 7.81
6/30/1981 9.09
9/30/1981 6.1
12/31/1981 5.18
3/31/1982 5.43
6/30/1982 3.61
9/30/1982 3.26
12/31/1982 6.46
3/31/1983 8.53
6/30/1983 9.24
9/30/1983 10.86
12/31/1983 11.25
3/31/1984 13.04
6/30/1984 10.39
9/30/1984 9.4
12/31/1984 10.97
3/31/1985 15.52
6/30/1985 9.58
9/30/1985 15.93
12/31/1985 13.71
3/31/1986 10.9
6/30/1986 10.78
9/30/1986 15.51
12/31/1986 15.08
3/31/1987 13.81
6/30/1987 14.92
9/30/1987 11.37
12/31/1987 11.43
3/31/1988 10.58
6/30/1988 12.35
9/30/1988 10.98
12/31/1988 11.14
3/31/1989 7.59
6/30/1989 9.81
9/30/1989 11.52
12/31/1989 13.23
3/31/1990 9.11
6/30/1990 9.23
9/30/1990 7.91
12/31/1990 7.34
3/31/1991 7.85
6/30/1991 8.64
9/30/1991 3.08
12/31/1991 7.47
3/31/1992 7.26
6/30/1992 4.14
9/30/1992 6.62
12/31/1992 6.91
3/31/1993 3.45
6/30/1993 6.89
9/30/1993 5.81
12/31/1993 5.36
3/31/1994 5.66
6/30/1994 5.3
9/30/1994 4.74
12/31/1994 6.08
3/31/1995 4.76
6/30/1995 5.08
9/30/1995 5.05
12/31/1995 4.14
3/31/1996 7.64
6/30/1996 6.22
9/30/1996 4.76
12/31/1996 5.49
3/31/1997 6.74
6/30/1997 5.09
9/30/1997 7.91
12/31/1997 4.15
3/31/1998 8.52
6/30/1998 7
9/30/1998 6.19
12/31/1998 9.49
3/31/1999 10.34
6/30/1999 8.17
9/30/1999 9.67
12/31/1999 8.03
3/31/2000 8.03
6/30/2000 8.8
9/30/2000 8.67
12/31/2000 8.2
3/31/2001 9.06
6/30/2001 12.01
9/30/2001 10.67
12/31/2001 8.75
3/31/2002 12.09
6/30/2002 11.81
9/30/2002 13.02
12/31/2002 13.67
3/31/2003 12.51
6/30/2003 15.55
9/30/2003 14.18
12/31/2003 11.93
3/31/2004 11.72
6/30/2004 14.25
9/30/2004 12.03
12/31/2004 13.87
3/31/2005 10.98
6/30/2005 13.21
9/30/2005 13.66
12/31/2005 12.81
3/31/2006 13.33
6/30/2006 12.46
9/30/2006 9.19
12/31/2006 6.82
3/31/2007 7.81
6/30/2007 7.61
9/30/2007 4.62
12/31/2007 5.81
3/31/2008 2.4
6/30/2008 -0.31
9/30/2008 -2.29
12/31/2008 -1.55

Source: Flow of Funds, Federal Reserve Board

Figure 2
Bank Lending Standards for Mortgage Loans to Households (Net Percent)1

Date Subprime
mortgages
Prime
mortgages
Nontraditional
mortgages
Mortgages
9/30/1990       8.7
12/31/1990       22.8
3/31/1991       32.7
6/30/1991       22.9
9/30/1991       12.5
12/31/1991       6.9
3/31/1992       3.5
6/30/1992       0
9/30/1992       -1.8
12/31/1992       -5.3
3/31/1993       -3.6
6/30/1993       3.4
9/30/1993       -11.7
12/31/1993       -15.5
3/31/1994       -5.5
6/30/1994       -7.1
9/30/1994       -5.5
12/31/1994       -5.5
3/31/1995       -1.8
6/30/1995       -5.5
9/30/1995       0
12/31/1995       3.7
3/31/1996       0
6/30/1996       -2
9/30/1996       4
12/31/1996       3.9
3/31/1997       3.8
6/30/1997       -1.8
9/30/1997       -2
12/31/1997       1.9
3/31/1998       0
6/30/1998       -5.8
9/30/1998       0
12/31/1998       -1.9
3/31/1999       2
6/30/1999       0
9/30/1999       -1.9
12/31/1999       -2
3/31/2000       -1.9
6/30/2000       -5.6
9/30/2000       0
12/31/2000       0
3/31/2001       0
6/30/2001       3.8
9/30/2001       3.8
12/31/2001       3.8
3/31/2002       1.9
6/30/2002       1.9
9/30/2002       3.9
12/31/2002       10
3/31/2003       11.1
6/30/2003       5.7
9/30/2003       1.9
12/31/2003       0
3/31/2004       -1.9
6/30/2004       -7.8
9/30/2004       -5.8
12/31/2004       1.9
3/31/2005       -7.8
6/30/2005       -2.1
9/30/2005       0
12/31/2005       -3.7
3/31/2006       0
6/30/2006       -9.4
9/30/2006       -9.3
12/31/2006       1.9
3/31/2007       16.4
6/30/2007 56.3 15.1 45.5  
9/30/2007 56.3 14.3 40.5  
12/31/2007 55.5 40.8 60  
3/31/2008 71.5 52.9 84.6  
6/30/2008 77.7 62.3 75.6  
9/30/2008 85.7 74 84.4  
12/31/2008 100 69.2 89.7  
3/31/2009 50 47.1 48  

1Percentage of banks reporting tighter standards less percentage of banks reporting easier standards. Starting in 2007:Q2, standards for prime, nontraditional, and subprime mortgage reported separately. Return to table

Source: Sr. Loan Officer Opinion Survey. Data through 2008:Q4.


Figure 3
Growth of Consumer Credit (Annualized percent change)

Date Growth of
Consumer Credit
3/31/1952 9.41
6/30/1952 24.6
9/30/1952 16.49
12/31/1952 25.73
3/31/1953 25.87
6/30/1953 10.86
9/30/1953 9.28
12/31/1953 5.4
3/31/1954 -2.13
6/30/1954 3.63
9/30/1954 3.76
12/31/1954 10.21
3/31/1955 17.11
6/30/1955 21.78
9/30/1955 19.16
12/31/1955 14.59
3/31/1956 12.57
6/30/1956 7.78
9/30/1956 6.54
12/31/1956 5.95
3/31/1957 6.86
6/30/1957 6.39
9/30/1957 6.17
12/31/1957 2.77
3/31/1958 -2.57
6/30/1958 -2.26
9/30/1958 1.61
12/31/1958 5.49
3/31/1959 13.25
6/30/1959 13.26
9/30/1959 15.41
12/31/1959 17.16
3/31/1960 5.99
6/30/1960 10.53
9/30/1960 6.6
12/31/1960 4.4
3/31/1961 2.75
6/30/1961 -0.84
9/30/1961 3.51
12/31/1961 8.74
3/31/1962 5.6
6/30/1962 12.54
9/30/1962 7.89
12/31/1962 10.03
3/31/1963 11.33
6/30/1963 10.21
9/30/1963 12.64
12/31/1963 12.88
3/31/1964 13.79
6/30/1964 10.99
9/30/1964 12.18
12/31/1964 9.68
3/31/1965 13.7
6/30/1965 13.06
9/30/1965 10
12/31/1965 7.8
3/31/1966 10.33
6/30/1966 5.47
9/30/1966 3.59
12/31/1966 4.46
3/31/1967 3.74
6/30/1967 3.95
9/30/1967 5.52
12/31/1967 6.34
3/31/1968 7.15
6/30/1968 8.7
9/30/1968 9.52
12/31/1968 12.89
3/31/1969 10.58
6/30/1969 9.6
9/30/1969 6.08
12/31/1969 5.98
3/31/1970 4.02
6/30/1970 2.48
9/30/1970 4.83
12/31/1970 2.21
3/31/1971 13.67
6/30/1971 8.07
9/30/1971 10.65
12/31/1971 12.36
3/31/1972 11.09
6/30/1972 13.52
9/30/1972 10.68
12/31/1972 14.64
3/31/1973 14.8
6/30/1973 14.47
9/30/1973 10.53
12/31/1973 10.63
3/31/1974 7.43
6/30/1974 6.85
9/30/1974 4.83
12/31/1974 -0.83
3/31/1975 1.05
6/30/1975 -1.31
9/30/1975 5.91
12/31/1975 9.82
3/31/1976 9.31
6/30/1976 8.55
9/30/1976 9.13
12/31/1976 13.89
3/31/1977 11.87
6/30/1977 17.33
9/30/1977 14.65
12/31/1977 14.83
3/31/1978 14.98
6/30/1978 21.92
9/30/1978 15.59
12/31/1978 13.47
3/31/1979 14.53
6/30/1979 13.86
9/30/1979 13.76
12/31/1979 10.83
3/31/1980 5.05
6/30/1980 -7.04
9/30/1980 1.69
12/31/1980 4.27
3/31/1981 5.94
6/30/1981 6.31
9/30/1981 7.55
12/31/1981 1.94
3/31/1982 5.99
6/30/1982 5.39
9/30/1982 2.51
12/31/1982 5.69
3/31/1983 6.02
6/30/1983 9.42
9/30/1983 12.83
12/31/1983 18.32
3/31/1984 17.85
6/30/1984 21.36
9/30/1984 14.61
12/31/1984 15.1
3/31/1985 18.89
6/30/1985 14.39
9/30/1985 14.94
12/31/1985 12.12
3/31/1986 9.07
6/30/1986 10.8
9/30/1986 10.08
12/31/1986 5.42
3/31/1987 -2.03
6/30/1987 7.17
9/30/1987 8
12/31/1987 5.98
3/31/1988 8.37
6/30/1988 7.14
9/30/1988 5.51
12/31/1988 5.01
3/31/1989 6.09
6/30/1989 7.01
9/30/1989 4.54
12/31/1989 6.6
3/31/1990 2.23
6/30/1990 2.22
9/30/1990 3.87
12/31/1990 -0.89
3/31/1991 0.23
6/30/1991 -0.97
9/30/1991 -2.31
12/31/1991 -1.23
3/31/1992 0.83
6/30/1992 -0.93
9/30/1992 1.57
12/31/1992 3.03
3/31/1993 3.88
6/30/1993 5.1
9/30/1993 8.18
12/31/1993 11.86
3/31/1994 11.97
6/30/1994 14.78
9/30/1994 14.37
12/31/1994 16.63
3/31/1995 14.58
6/30/1995 13.84
9/30/1995 13.93
12/31/1995 12.36
3/31/1996 10
6/30/1996 9.19
9/30/1996 7.37
12/31/1996 8.47
3/31/1997 3.28
6/30/1997 5.75
9/30/1997 5.69
12/31/1997 6.92
3/31/1998 2.49
6/30/1998 12.2
9/30/1998 6.76
12/31/1998 6.75
3/31/1999 8.65
6/30/1999 7.22
9/30/1999 8.15
12/31/1999 6.29
3/31/2000 8.24
6/30/2000 11.62
9/30/2000 10.85
12/31/2000 12.86
3/31/2001 9.95
6/30/2001 7.3
9/30/2001 4.47
12/31/2001 11.88
3/31/2002 6.08
6/30/2002 7.25
9/30/2002 4.48
12/31/2002 4.55
3/31/2003 5.59
6/30/2003 5.75
9/30/2003 5.13
12/31/2003 4.01
3/31/2004 6.4
6/30/2004 3.37
9/30/2004 5.52
12/31/2004 6.15
3/31/2005 5.02
6/30/2005 4.72
9/30/2005 4.32
12/31/2005 2.71
3/31/2006 2.82
6/30/2006 5.39
9/30/2006 4.67
12/31/2006 4.87
3/31/2007 4.95
6/30/2007 5.4
9/30/2007 7.19
12/31/2007 4.13
3/31/2008 4.73
6/30/2008 3.91
9/30/2008 1.47
12/31/2008 -3.17

Source: Flow of Funds, Federal Reserve Board


Figure 4
Recent Corporate Sector Financing

Gross Bond Issuance, $Billions of dollars
Date Investment-grade Speculative-grade
4/30/2008 23.62 5.22
5/31/2008 31.98 18.66
6/30/2008 21.6 10.2
7/31/2008 11.94 4.57
8/31/2008 10.91 2.46
9/30/2008 8.57 2.95
10/31/2008 19.06 2.96
11/30/2008 18.5 0.52
12/31/2008 17.35 0.78
1/31/2009 33.55 5.4
2/28/2009 40.72 5.15

Data are not seasonally adjusted.

Source: Thomson Financial


Net Change in Short-Term Borrowing, Commercial paper outstanding, $Billions of dollars
Date Commerical paper
outstanding
1/31/2008 10.44
2/28/2008 6.91
3/31/2008 -3.71
4/30/2008 8.33
5/31/2008 -9.85
6/30/2008 -14.86
7/31/2008 -0.25
8/31/2008 27.25
9/30/2008 -8.36
10/31/2008 6.22
11/30/2008 2.21
12/31/2008 -4.95
1/31/2009 4.22
2/28/2009 -21.64

Data are seasonally adjusted and have been revised starting 2008:Q2.

Source: Depository Trust & Clearing Coproration, Federal Reserve Board


Description of Series "Net Change in Short-Term Borrowing, C&I loans at banks"

The C&I loans series in figure 4 is plotted at a monthly frequency from January 2008 to February 2009 by a red dotted line. From January to June 2008 the series fluctuates around $10.5 billion. After this, however, the series exhibits much wider swings. In August 2008 it dips down to near zero before jumping up to a little over $40 billion in September and October 2008. In November 2008 the series then drops down to about -$10 billion before moving down even further to about -$30 billion in December 2008. In January 2009 the series jumps up to a small positive number but after than drops down again to about -$20 billion.

Data are seasonally adjusted and have been revised starting 2008:Q2.

Source: Depository Trust & Clearing Coproration, Federal Reserve Board


Figure 5
Growth of Nonfinancial Corporate Business Debt (Annualized percent change)

Date Growth of Nonfinancial
Corporate Business Debt
3/31/1952 6.25
6/30/1952 6.92
9/30/1952 8.8
12/31/1952 8.58
3/31/1953 8.22
6/30/1953 4.3
9/30/1953 4.68
12/31/1953 0.65
3/31/1954 5.62
6/30/1954 1.32
9/30/1954 5.15
12/31/1954 3.81
3/31/1955 5.21
6/30/1955 8.74
9/30/1955 7.09
12/31/1955 15.03
3/31/1956 10.52
6/30/1956 9.94
9/30/1956 7.76
12/31/1956 8.41
3/31/1957 11.06
6/30/1957 10.6
9/30/1957 6.81
12/31/1957 5.45
3/31/1958 7.07
6/30/1958 2.89
9/30/1958 5.51
12/31/1958 7.92
3/31/1959 4.68
6/30/1959 9.16
9/30/1959 5.35
12/31/1959 6.85
3/31/1960 8.69
6/30/1960 7.21
9/30/1960 3.78
12/31/1960 6.08
3/31/1961 3.05
6/30/1961 5.02
9/30/1961 4.28
12/31/1961 7.75
3/31/1962 5.91
6/30/1962 6.88
9/30/1962 6.7
12/31/1962 7.05
3/31/1963 7.17
6/30/1963 4.24
9/30/1963 5.63
12/31/1963 8.64
3/31/1964 7.16
6/30/1964 5.81
9/30/1964 7.77
12/31/1964 10.51
3/31/1965 11.81
6/30/1965 7.59
9/30/1965 10.09
12/31/1965 11.51
3/31/1966 11.94
6/30/1966 12.74
9/30/1966 11.18
12/31/1966 9.69
3/31/1967 10.59
6/30/1967 8.17
9/30/1967 9.56
12/31/1967 14.67
3/31/1968 5.7
6/30/1968 9.2
9/30/1968 11.86
12/31/1968 14.78
3/31/1969 9.72
6/30/1969 11.02
9/30/1969 11.52
12/31/1969 11.6
3/31/1970 25.49
6/30/1970 10.99
9/30/1970 8.53
12/31/1970 5.37
3/31/1971 9.98
6/30/1971 6.93
9/30/1971 9.84
12/31/1971 3.84
3/31/1972 12.51
6/30/1972 7.37
9/30/1972 9.52
12/31/1972 9.53
3/31/1973 17.57
6/30/1973 14.83
9/30/1973 20.71
12/31/1973 13.91
3/31/1974 13.66
6/30/1974 12.53
9/30/1974 10.1
12/31/1974 7.45
3/31/1975 4.07
6/30/1975 1.84
9/30/1975 4.5
12/31/1975 2.48
3/31/1976 6.54
6/30/1976 6.96
9/30/1976 8.18
12/31/1976 7.98
3/31/1977 11.95
6/30/1977 9.39
9/30/1977 10.79
12/31/1977 13.63
3/31/1978 15.35
6/30/1978 10.97
9/30/1978 7.6
12/31/1978 10.27
3/31/1979 13.25
6/30/1979 9.97
9/30/1979 10.62
12/31/1979 8.17
3/31/1980 10.78
6/30/1980 4.86
9/30/1980 5.51
12/31/1980 11.27
3/31/1981 7.39
6/30/1981 17.47
9/30/1981 15.49
12/31/1981 11.44
3/31/1982 12.03
6/30/1982 11.28
9/30/1982 10.5
12/31/1982 1.47
3/31/1983 2.95
6/30/1983 7.6
9/30/1983 10.9
12/31/1983 9.36
3/31/1984 15.23
6/30/1984 17.27
9/30/1984 13.75
12/31/1984 16.46
3/31/1985 11.21
6/30/1985 10.29
9/30/1985 10.34
12/31/1985 16.99
3/31/1986 11.08
6/30/1986 12.15
9/30/1986 13.58
12/31/1986 15.9
3/31/1987 5.19
6/30/1987 8.27
9/30/1987 10.21
12/31/1987 10.25
3/31/1988 11.5
6/30/1988 10.07
9/30/1988 9.84
12/31/1988 10.75
3/31/1989 8.86
6/30/1989 9.77
9/30/1989 3.97
12/31/1989 5.27
3/31/1990 8.16
6/30/1990 5.85
9/30/1990 4.87
12/31/1990 3.42
3/31/1991 -2.71
6/30/1991 0.08
9/30/1991 -1.28
12/31/1991 -4.47
3/31/1992 0.7
6/30/1992 0.55
9/30/1992 1.43
12/31/1992 1.23
3/31/1993 -1.35
6/30/1993 1.51
9/30/1993 2.95
12/31/1993 1.77
3/31/1994 4.29
6/30/1994 4.68
9/30/1994 5.71
12/31/1994 5.34
3/31/1995 9.45
6/30/1995 11.1
9/30/1995 7.2
12/31/1995 6.54
3/31/1996 7.13
6/30/1996 8.22
9/30/1996 6.93
12/31/1996 4.25
3/31/1997 7.47
6/30/1997 9.71
9/30/1997 11.24
12/31/1997 12.53
3/31/1998 11.06
6/30/1998 11.95
9/30/1998 10.22
12/31/1998 9.19
3/31/1999 13.06
6/30/1999 7.9
9/30/1999 10.56
12/31/1999 6.84
3/31/2000 10.57
6/30/2000 10.42
9/30/2000 5.09
12/31/2000 6.78
3/31/2001 5.29
6/30/2001 6.03
9/30/2001 4.46
12/31/2001 2.32
3/31/2002 2.68
6/30/2002 0.19
9/30/2002 -1.87
12/31/2002 0.9
3/31/2003 2.4
6/30/2003 3.74
9/30/2003 0.49
12/31/2003 0.52
3/31/2004 3.15
6/30/2004 1.46
9/30/2004 4.05
12/31/2004 7.52
3/31/2005 4.33
6/30/2005 5.9
9/30/2005 5.98
12/31/2005 8.89
3/31/2006 8.08
6/30/2006 8.31
9/30/2006 4.76
12/31/2006 11.94
3/31/2007 11.18
6/30/2007 14.04
9/30/2007 13.79
12/31/2007 12.08
3/31/2008 6.15
6/30/2008 6.04
9/30/2008 4.36
12/31/2008 2.22

Source: Flow of Funds, Federal Reserve Board


Figure 6
Growth of Total Commercial Mortgages (Annualized percent change)

Date Growth of Total
Commercial Mortgages
3/31/1952 6.67
6/30/1952 6.24
9/30/1952 6.72
12/31/1952 6.67
3/31/1953 7.31
6/30/1953 7.61
9/30/1953 7.31
12/31/1953 9.26
3/31/1954 8.12
6/30/1954 11.18
9/30/1954 11.22
12/31/1954 12.66
3/31/1955 10.44
6/30/1955 11.21
9/30/1955 12.18
12/31/1955 11.82
3/31/1956 11.95
6/30/1956 12.59
9/30/1956 11.99
12/31/1956 11.4
3/31/1957 9.5
6/30/1957 8.48
9/30/1957 12
12/31/1957 13.31
3/31/1958 9.12
6/30/1958 11.03
9/30/1958 11.11
12/31/1958 15.54
3/31/1959 8.13
6/30/1959 11.58
9/30/1959 10.8
12/31/1959 12.91
3/31/1960 8.88
6/30/1960 9.96
9/30/1960 10.9
12/31/1960 10.77
3/31/1961 8.55
6/30/1961 12.33
9/30/1961 10.37
12/31/1961 14.61
3/31/1962 10.38
6/30/1962 12.61
9/30/1962 11.61
12/31/1962 14.46
3/31/1963 8.93
6/30/1963 12.46
9/30/1963 12.07
12/31/1963 12.82
3/31/1964 4.46
6/30/1964 7.03
9/30/1964 9.66
12/31/1964 10.68
3/31/1965 6.28
6/30/1965 9.35
9/30/1965 9.14
12/31/1965 9.17
3/31/1966 9.67
6/30/1966 12.48
9/30/1966 10.35
12/31/1966 7.63
3/31/1967 5.03
6/30/1967 8.64
9/30/1967 8.47
12/31/1967 8.16
3/31/1968 7.81
6/30/1968 9.31
9/30/1968 10.49
12/31/1968 11.8
3/31/1969 7.38
6/30/1969 7.66
9/30/1969 7.81
12/31/1969 9.21
3/31/1970 6.99
6/30/1970 11.67
9/30/1970 11.34
12/31/1970 10.69
3/31/1971 5.54
6/30/1971 10.9
9/30/1971 14.37
12/31/1971 14.1
3/31/1972 12.58
6/30/1972 17.08
9/30/1972 15.43
12/31/1972 21.56
3/31/1973 14.62
6/30/1973 19.47
9/30/1973 16.22
12/31/1973 14.48
3/31/1974 11.22
6/30/1974 14.32
9/30/1974 7.5
12/31/1974 9.19
3/31/1975 2.84
6/30/1975 8.03
9/30/1975 9.37
12/31/1975 9.96
3/31/1976 4.74
6/30/1976 7.68
9/30/1976 9.12
12/31/1976 9.5
3/31/1977 7.39
6/30/1977 6.53
9/30/1977 12.08
12/31/1977 15.43
3/31/1978 9.68
6/30/1978 10.88
9/30/1978 10.88
12/31/1978 10.75
3/31/1979 8.4
6/30/1979 11.93
9/30/1979 13.54
12/31/1979 10.42
3/31/1980 7.46
6/30/1980 8.12
9/30/1980 7.95
12/31/1980 9.61
3/31/1981 11.71
6/30/1981 16.43
9/30/1981 14.97
12/31/1981 15.2
3/31/1982 9.26
6/30/1982 11.78
9/30/1982 13.48
12/31/1982 11.62
3/31/1983 15.12
6/30/1983 16.04
9/30/1983 15.28
12/31/1983 16.52
3/31/1984 15.47
6/30/1984 20.83
9/30/1984 20.56
12/31/1984 17.81
3/31/1985 14.47
6/30/1985 15.47
9/30/1985 13.52
12/31/1985 12.72
3/31/1986 11.22
6/30/1986 8.34
9/30/1986 10
12/31/1986 13.67
3/31/1987 10.97
6/30/1987 10.03
9/30/1987 8.11
12/31/1987 13.38
3/31/1988 9.11
6/30/1988 12.5
9/30/1988 13.32
12/31/1988 12.75
3/31/1989 6.44
6/30/1989 3.34
9/30/1989 5.13
12/31/1989 0.46
3/31/1990 6.38
6/30/1990 1.38
9/30/1990 2
12/31/1990 1.12
3/31/1991 3.74
6/30/1991 1.41
9/30/1991 -5.63
12/31/1991 -6.05
3/31/1992 -4.61
6/30/1992 -3.35
9/30/1992 -5.83
12/31/1992 -8.22
3/31/1993 -3.79
6/30/1993 -5.18
9/30/1993 -2.74
12/31/1993 -6.46
3/31/1994 -3.74
6/30/1994 -0.05
9/30/1994 1.33
12/31/1994 -4.29
3/31/1995 3.52
6/30/1995 1.33
9/30/1995 3.34
12/31/1995 -1.9
3/31/1996 4.62
6/30/1996 4.75
9/30/1996 2.46
12/31/1996 4.68
3/31/1997 4.91
6/30/1997 8.83
9/30/1997 9.96
12/31/1997 8.04
3/31/1998 9.01
6/30/1998 8.64
9/30/1998 10.75
12/31/1998 14.15
3/31/1999 12.18
6/30/1999 9.26
9/30/1999 11.12
12/31/1999 10.71
3/31/2000 11.68
6/30/2000 10.66
9/30/2000 8.45
12/31/2000 7.96
3/31/2001 8.74
6/30/2001 8.12
9/30/2001 11.12
12/31/2001 8.65
3/31/2002 6.75
6/30/2002 8.05
9/30/2002 7.51
12/31/2002 7.97
3/31/2003 7.63
6/30/2003 9.2
9/30/2003 10.59
12/31/2003 8.14
3/31/2004 10.91
6/30/2004 9.59
9/30/2004 11.29
12/31/2004 11.79
3/31/2005 11.04
6/30/2005 13.57
9/30/2005 15.88
12/31/2005 16.06
3/31/2006 14.83
6/30/2006 13.49
9/30/2006 14.2
12/31/2006 12.34
3/31/2007 9.34
6/30/2007 14.51
9/30/2007 15.54
12/31/2007 9.17
3/31/2008 8.01
6/30/2008 5.54
9/30/2008 4.39
12/31/2008 1.37

Source: Flow of Funds, Federal Reserve Board


Figure 7
Disposition of Commercial Mortgages Outstanding (Percent)

Date Depositories Insurance
Companies
CMBS Other Financial
Intermediaries
3/31/1952 0.30686 0.31911 0 0.37402
6/30/1952 0.30847 0.3201 0 0.37144
9/30/1952 0.31001 0.32088 0 0.36911
12/31/1952 0.31222 0.32118 0 0.3666
3/31/1953 0.31364 0.32162 0 0.36473
6/30/1953 0.31535 0.32184 0 0.36281
9/30/1953 0.31679 0.32211 0 0.3611
12/31/1953 0.31791 0.32235 0 0.35974
3/31/1954 0.31921 0.32154 0 0.35926
6/30/1954 0.32222 0.31959 0 0.35818
9/30/1954 0.32475 0.31814 0 0.35711
12/31/1954 0.32513 0.31849 0 0.35638
3/31/1955 0.32812 0.3181 0 0.35379
6/30/1955 0.33083 0.31632 0 0.35284
9/30/1955 0.33333 0.31474 0 0.35193
12/31/1955 0.33259 0.31541 0 0.352
3/31/1956 0.33517 0.31502 0 0.3498
6/30/1956 0.33617 0.31523 0 0.34861
9/30/1956 0.33719 0.31544 0 0.34737
12/31/1956 0.33624 0.31757 0 0.34619
3/31/1957 0.33377 0.32015 0 0.34609
6/30/1957 0.33237 0.32171 0 0.34592
9/30/1957 0.33282 0.32102 0 0.34615
12/31/1957 0.33171 0.3224 0 0.34589
3/31/1958 0.33145 0.32311 0 0.34544
6/30/1958 0.33499 0.3197 0 0.34531
9/30/1958 0.3367 0.31865 0 0.34464
12/31/1958 0.33947 0.31717 0 0.34336
3/31/1959 0.34314 0.31379 0 0.34307
6/30/1959 0.34953 0.30799 0 0.34249
9/30/1959 0.35099 0.30748 0 0.34153
12/31/1959 0.35206 0.30657 0 0.34137
3/31/1960 0.35257 0.30629 0 0.34114
6/30/1960 0.3537 0.3058 0 0.3405
9/30/1960 0.35526 0.30469 0 0.34004
12/31/1960 0.35537 0.30515 0 0.33948
3/31/1961 0.35708 0.30453 0 0.33838
6/30/1961 0.35903 0.3037 0 0.33728
9/30/1961 0.36081 0.30256 0 0.33662
12/31/1961 0.36387 0.29843 0 0.3377
3/31/1962 0.37314 0.29752 0 0.32934
6/30/1962 0.38313 0.29408 0 0.32278
9/30/1962 0.39094 0.2933 0 0.31576
12/31/1962 0.39632 0.2965 0 0.30718
3/31/1963 0.40326 0.29721 0 0.29953
6/30/1963 0.41261 0.29614 0 0.29124
9/30/1963 0.4206 0.29656 0 0.28284
12/31/1963 0.42548 0.30016 0 0.27435
3/31/1964 0.43348 0.29962 0 0.2669
6/30/1964 0.44233 0.29843 0 0.25925
9/30/1964 0.45272 0.29596 0 0.25132
12/31/1964 0.45952 0.29713 0 0.24334
3/31/1965 0.4643 0.29926 0 0.23645
6/30/1965 0.47202 0.29885 0 0.22913
9/30/1965 0.47838 0.29987 0 0.22175
12/31/1965 0.48158 0.3042 0 0.21423
3/31/1966 0.48431 0.30501 0 0.21067
6/30/1966 0.4861 0.30473 0 0.20916
9/30/1966 0.4859 0.30633 0 0.20777
12/31/1966 0.4849 0.30894 0 0.20616
3/31/1967 0.48389 0.31284 0 0.20327
6/30/1967 0.48695 0.31253 0 0.20051
9/30/1967 0.49065 0.31139 0 0.19795
12/31/1967 0.49305 0.31173 0 0.19522
3/31/1968 0.49605 0.31124 0 0.19271
6/30/1968 0.50132 0.30891 0 0.18977
9/30/1968 0.50472 0.30737 0 0.18791
12/31/1968 0.50754 0.30925 0 0.18321
3/31/1969 0.50795 0.30796 0 0.18409
6/30/1969 0.50939 0.30691 0 0.1837
9/30/1969 0.51036 0.30652 0 0.18312
12/31/1969 0.50615 0.31081 0 0.18303
3/31/1970 0.51015 0.31501 0 0.17484
6/30/1970 0.5009 0.31217 0 0.18692
9/30/1970 0.49357 0.30608 0 0.20035
12/31/1970 0.49372 0.30361 0 0.20268
3/31/1971 0.49738 0.30407 0 0.19855
6/30/1971 0.50478 0.30067 0 0.19455
9/30/1971 0.51256 0.29713 0 0.19031
12/31/1971 0.51761 0.2962 0 0.1862
3/31/1972 0.52206 0.29058 0 0.18736
6/30/1972 0.52732 0.28337 0 0.18931
9/30/1972 0.53419 0.27927 0 0.18654
12/31/1972 0.53279 0.27844 0 0.18877
3/31/1973 0.53823 0.27469 0 0.18708
6/30/1973 0.54094 0.27043 0 0.18862
9/30/1973 0.5445 0.26986 0 0.18564
12/31/1973 0.54286 0.2742 0 0.18294
3/31/1974 0.54373 0.27326 0 0.18301
6/30/1974 0.54755 0.2721 0 0.18035
9/30/1974 0.55089 0.27509 0 0.17402
12/31/1974 0.54564 0.27929 0 0.17507
3/31/1975 0.54369 0.28202 0 0.17429
6/30/1975 0.54637 0.2831 0 0.17053
9/30/1975 0.5515 0.28163 0 0.16687
12/31/1975 0.55518 0.28206 0 0.16276
3/31/1976 0.55704 0.28249 0 0.16047
6/30/1976 0.56063 0.28087 0 0.1585
9/30/1976 0.56409 0.27964 0 0.15627
12/31/1976 0.56518 0.28209 0 0.15273
3/31/1977 0.56578 0.28111 0 0.15311
6/30/1977 0.56769 0.28176 0 0.15055
9/30/1977 0.56981 0.28091 0 0.14928
12/31/1977 0.56889 0.28365 0 0.14745
3/31/1978 0.57053 0.28302 0 0.14645
6/30/1978 0.57612 0.28331 0 0.14057
9/30/1978 0.57565 0.28495 0 0.1394
12/31/1978 0.57222 0.29193 0 0.13584
3/31/1979 0.57055 0.29339 0 0.13606
6/30/1979 0.57205 0.29415 0 0.1338
9/30/1979 0.57224 0.2949 0 0.13286
12/31/1979 0.57001 0.2989 0 0.13109
3/31/1980 0.56433 0.30473 0 0.13094
6/30/1980 0.56119 0.30758 0 0.13123
9/30/1980 0.55772 0.3104 0 0.13189
12/31/1980 0.55366 0.31419 0 0.13215
3/31/1981 0.54635 0.31278 0 0.14087
6/30/1981 0.53909 0.30779 0 0.15312
9/30/1981 0.53268 0.30222 0 0.1651
12/31/1981 0.52333 0.29866 0 0.178
3/31/1982 0.51971 0.29672 0 0.18358
6/30/1982 0.51935 0.29352 0 0.18713
9/30/1982 0.52097 0.28693 0 0.19211
12/31/1982 0.51635 0.28514 0 0.19851
3/31/1983 0.51682 0.28038 0 0.2028
6/30/1983 0.52237 0.27586 0 0.20177
9/30/1983 0.5274 0.27373 0 0.19887
12/31/1983 0.5304 0.27256 0 0.19703
3/31/1984 0.53964 0.26229 0 0.19808
6/30/1984 0.54367 0.25609 0 0.20025
9/30/1984 0.54773 0.24875 0 0.20352
12/31/1984 0.55339 0.24124 0 0.20538
3/31/1985 0.55588 0.23876 0 0.20535
6/30/1985 0.55749 0.23785 0.00017 0.20449
9/30/1985 0.56103 0.2363 0.00016 0.20251
12/31/1985 0.55313 0.24183 0.00119 0.20385
3/31/1986 0.56055 0.24203 0.00248 0.19494
6/30/1986 0.56244 0.24737 0.00333 0.18686
9/30/1986 0.56614 0.24989 0.00333 0.18064
12/31/1986 0.57823 0.25461 0.00312 0.16404
3/31/1987 0.60202 0.24341 0.00366 0.15092
6/30/1987 0.60825 0.24431 0.00474 0.1427
9/30/1987 0.61578 0.24567 0.00466 0.13389
12/31/1987 0.61417 0.24748 0.00545 0.13289
3/31/1988 0.601 0.25223 0.00537 0.1414
6/30/1988 0.59645 0.24992 0.00584 0.14779
9/30/1988 0.58407 0.25207 0.00628 0.15759
12/31/1988 0.57947 0.25209 0.00725 0.16119
3/31/1989 0.58875 0.25139 0.00765 0.15221
6/30/1989 0.59499 0.25483 0.0086 0.14158
9/30/1989 0.59883 0.2576 0.00984 0.13373
12/31/1989 0.59836 0.26457 0.01147 0.12561
3/31/1990 0.59349 0.26761 0.01246 0.12644
6/30/1990 0.58445 0.27103 0.01226 0.13227
9/30/1990 0.5804 0.27063 0.01263 0.13633
12/31/1990 0.57916 0.27047 0.01468 0.13569
3/31/1991 0.5775 0.27002 0.01508 0.13741
6/30/1991 0.5738 0.27148 0.01604 0.13868
9/30/1991 0.56952 0.27401 0.01662 0.13986
12/31/1991 0.57234 0.26756 0.01776 0.14234
3/31/1992 0.56771 0.26823 0.01918 0.14488
6/30/1992 0.56643 0.26605 0.02191 0.14562
9/30/1992 0.56574 0.26408 0.02681 0.14337
12/31/1992 0.56811 0.26218 0.02779 0.14192
3/31/1993 0.56712 0.26287 0.03112 0.13889
6/30/1993 0.5674 0.26283 0.03468 0.13508
9/30/1993 0.57043 0.25915 0.03563 0.13479
12/31/1993 0.56557 0.24709 0.04277 0.14458
3/31/1994 0.56764 0.24528 0.04427 0.14282
6/30/1994 0.56766 0.24133 0.0464 0.1446
9/30/1994 0.56725 0.23884 0.04975 0.14416
12/31/1994 0.57219 0.23866 0.05186 0.13729
3/31/1995 0.57657 0.23624 0.05096 0.13622
6/30/1995 0.577 0.23488 0.05177 0.13635
9/30/1995 0.57617 0.23541 0.0528 0.13563
12/31/1995 0.58114 0.22829 0.05733 0.13323
3/31/1996 0.57859 0.22517 0.05977 0.13647
6/30/1996 0.5791 0.22194 0.06121 0.13775
9/30/1996 0.58382 0.21779 0.06229 0.13611
12/31/1996 0.58471 0.21134 0.07062 0.13334
3/31/1997 0.58094 0.2086 0.07188 0.13857
6/30/1997 0.57774 0.20378 0.07527 0.14321
9/30/1997 0.5778 0.19676 0.07876 0.14668
12/31/1997 0.56964 0.19333 0.08891 0.14812
3/31/1998 0.56395 0.18964 0.10109 0.14532
6/30/1998 0.55628 0.18648 0.11625 0.14099
9/30/1998 0.55693 0.18135 0.11943 0.1423
12/31/1998 0.55066 0.17943 0.13294 0.13698
3/31/1999 0.54912 0.17969 0.14006 0.13113
6/30/1999 0.55137 0.1803 0.14273 0.12559
9/30/1999 0.53759 0.17118 0.14357 0.14766
12/31/1999 0.54162 0.17005 0.14669 0.14165
3/31/2000 0.55021 0.16567 0.14715 0.13697
6/30/2000 0.55332 0.163 0.14949 0.13419
9/30/2000 0.55564 0.16123 0.15185 0.13128
12/31/2000 0.55467 0.15831 0.15794 0.12908
3/31/2001 0.55863 0.15499 0.15978 0.1266
6/30/2001 0.55971 0.1531 0.16378 0.1234
9/30/2001 0.56211 0.15055 0.1673 0.12005
12/31/2001 0.56019 0.14841 0.17428 0.11713
3/31/2002 0.56536 0.14673 0.17471 0.1132
6/30/2002 0.56658 0.14469 0.17587 0.11286
9/30/2002 0.56928 0.1427 0.17704 0.11097
12/31/2002 0.56787 0.14258 0.17976 0.10979
3/31/2003 0.57124 0.14142 0.18018 0.10716
6/30/2003 0.56824 0.14033 0.18524 0.10618
9/30/2003 0.56908 0.13862 0.18718 0.10512
12/31/2003 0.56452 0.13655 0.19288 0.10605
3/31/2004 0.56714 0.13397 0.1929 0.10599
6/30/2004 0.56797 0.13172 0.19774 0.10257
9/30/2004 0.57029 0.13035 0.19753 0.10184
12/31/2004 0.56889 0.12888 0.2004 0.10184
3/31/2005 0.56906 0.12654 0.20478 0.09963
6/30/2005 0.56786 0.12381 0.21139 0.09695
9/30/2005 0.57046 0.12046 0.21347 0.0956
12/31/2005 0.56432 0.11759 0.22522 0.09287
3/31/2006 0.56383 0.11457 0.23 0.0916
6/30/2006 0.56396 0.11321 0.23219 0.09065
9/30/2006 0.5628 0.11101 0.23568 0.0905
12/31/2006 0.55809 0.10813 0.2434 0.09037
3/31/2007 0.55124 0.10678 0.2521 0.08988
6/30/2007 0.54669 0.10509 0.25975 0.08846
9/30/2007 0.5398 0.10298 0.26863 0.08859
12/31/2007 0.54279 0.10322 0.26622 0.08777
3/31/2008 0.54688 0.10395 0.2591 0.09007
6/30/2008 0.55242 0.10392 0.25319 0.09047
9/30/2008 0.55674 0.10444 0.24794 0.09088
12/31/2008 0.56271 0.10381 0.24316 0.09032

Source: Flow of Funds, Federal Reserve Board


Figure 8
Banks’ Share of U.S. Financial Intermediation
Annually as of December, 1952-2008 (Percent)

Date Banks Thrifts Insurance
Companies
Other Financial
Intermediaries
12/31/1952 0.503708321 0.157092476 0.291560986 0.047638216
12/31/1953 0.485595442 0.165669137 0.297600578 0.051134844
12/31/1954 0.480096812 0.172132748 0.29766306 0.05010738
12/31/1955 0.460680758 0.182966003 0.298562317 0.057790922
12/31/1956 0.450055041 0.191724507 0.301234932 0.05698552
12/31/1957 0.438939337 0.198756898 0.303429371 0.058874394
12/31/1958 0.442175472 0.204374851 0.298986373 0.054463304
12/31/1959 0.426668586 0.213984318 0.299128651 0.060218445
12/31/1960 0.419514091 0.218804029 0.295662952 0.066018928
12/31/1961 0.421026255 0.224895479 0.289655549 0.064422717
12/31/1962 0.421760194 0.230043354 0.282805065 0.065391387
12/31/1963 0.417985901 0.239034772 0.275930327 0.067049001
12/31/1964 0.418757659 0.242912567 0.26839578 0.069933994
12/31/1965 0.425108588 0.24181634 0.261259805 0.071815267
12/31/1966 0.424714992 0.238835967 0.262705236 0.073743804
12/31/1967 0.438804889 0.237736894 0.255579904 0.067878313
12/31/1968 0.447867245 0.234660296 0.247020119 0.07045234
12/31/1969 0.443502699 0.234810513 0.243062535 0.078624253
12/31/1970 0.448791277 0.233374697 0.238636957 0.079197069
12/31/1971 0.452923676 0.242966786 0.225707569 0.078401969
12/31/1972 0.454990169 0.248549039 0.214435642 0.08202515
12/31/1973 0.463780425 0.243692313 0.205368659 0.087158603
12/31/1974 0.473293465 0.237259584 0.205181452 0.084265499
12/31/1975 0.460774389 0.248843714 0.215511759 0.074870137
12/31/1976 0.448986443 0.25729837 0.216776566 0.076938621
12/31/1977 0.441950657 0.26198357 0.218781203 0.07728457
12/31/1978 0.443630742 0.258929301 0.218258655 0.079181302
12/31/1979 0.441776699 0.251149349 0.219194837 0.087879115
12/31/1980 0.438333782 0.24559544 0.224292475 0.091778302
12/31/1981 0.429121754 0.229787677 0.224161182 0.116929388
12/31/1982 0.42193016 0.215308403 0.234912754 0.127848683
12/31/1983 0.415368248 0.224646005 0.234990441 0.124995306
12/31/1984 0.401927345 0.227441445 0.229161364 0.141469846
12/31/1985 0.390158877 0.215259569 0.225933455 0.168648099
12/31/1986 0.377108996 0.205317428 0.221906679 0.195666898
12/31/1987 0.367468684 0.207275591 0.226050503 0.199205223
12/31/1988 0.36191342 0.205702297 0.231248647 0.201135637
12/31/1989 0.358313526 0.178116373 0.239102701 0.224467401
12/31/1990 0.358264522 0.152027598 0.25106016 0.238647719
12/31/1991 0.356619199 0.126636813 0.260618466 0.256125522
12/31/1992 0.35234152 0.112014277 0.264014765 0.271629439
12/31/1993 0.346155035 0.102377399 0.26766586 0.283801706
12/31/1994 0.349933234 0.099019166 0.271567999 0.279479601
12/31/1995 0.348729721 0.09047613 0.263981579 0.29681257
12/31/1996 0.347376156 0.087431859 0.25770151 0.307490475
12/31/1997 0.34912024 0.08039852 0.252250617 0.318230623
12/31/1998 0.341551492 0.076048119 0.235430944 0.346969446
12/31/1999 0.335412859 0.074511385 0.227375999 0.362699757
12/31/2000 0.339154413 0.073563135 0.207771153 0.379511299
12/31/2001 0.32874812 0.071306457 0.199980172 0.399965251
12/31/2002 0.330648661 0.068522449 0.202194848 0.398634042
12/31/2003 0.32547959 0.070081233 0.203600204 0.400838972
12/31/2004 0.327634649 0.070152757 0.198242714 0.40396988
12/31/2005 0.325314961 0.07227736 0.188698623 0.413709056
12/31/2006 0.326304262 0.061653188 0.177394437 0.434648113
12/31/2007 0.327917126 0.059160129 0.171002521 0.441920225
12/31/2008 0.334071395 0.04637624 0.164889764 0.454662601

Source: Flow of Funds, Federal Reserve Board


Figure 9
Depositories’ Share of U.S. Financial Intermediation
Annually as of December, 1952-2008 (Percent)

Date Depositories Insurance
Companies
Other Financial
Intermediaries
12/31/1952 0.660800797 0.291560986 0.047638216
12/31/1953 0.651264579 0.297600578 0.051134844
12/31/1954 0.65222956 0.29766306 0.05010738
12/31/1955 0.643646761 0.298562317 0.057790922
12/31/1956 0.641779548 0.301234932 0.05698552
12/31/1957 0.637696235 0.303429371 0.058874394
12/31/1958 0.646550323 0.298986373 0.054463304
12/31/1959 0.640652904 0.299128651 0.060218445
12/31/1960 0.63831812 0.295662952 0.066018928
12/31/1961 0.645921734 0.289655549 0.064422717
12/31/1962 0.651803548 0.282805065 0.065391387
12/31/1963 0.657020673 0.275930327 0.067049001
12/31/1964 0.661670226 0.26839578 0.069933994
12/31/1965 0.666924928 0.261259805 0.071815267
12/31/1966 0.663550959 0.262705236 0.073743804
12/31/1967 0.676541783 0.255579904 0.067878313
12/31/1968 0.682527541 0.247020119 0.07045234
12/31/1969 0.678313212 0.243062535 0.078624253
12/31/1970 0.682165974 0.238636957 0.079197069
12/31/1971 0.695890462 0.225707569 0.078401969
12/31/1972 0.703539208 0.214435642 0.08202515
12/31/1973 0.707472738 0.205368659 0.087158603
12/31/1974 0.710553049 0.205181452 0.084265499
12/31/1975 0.709618103 0.215511759 0.074870137
12/31/1976 0.706284813 0.216776566 0.076938621
12/31/1977 0.703934227 0.218781203 0.07728457
12/31/1978 0.702560043 0.218258655 0.079181302
12/31/1979 0.692926048 0.219194837 0.087879115
12/31/1980 0.683929222 0.224292475 0.091778302
12/31/1981 0.658909431 0.224161182 0.116929388
12/31/1982 0.637238563 0.234912754 0.127848683
12/31/1983 0.640014253 0.234990441 0.124995306
12/31/1984 0.62936879 0.229161364 0.141469846
12/31/1985 0.605418446 0.225933455 0.168648099
12/31/1986 0.582426424 0.221906679 0.195666898
12/31/1987 0.574744275 0.226050503 0.199205223
12/31/1988 0.567615717 0.231248647 0.201135637
12/31/1989 0.536429899 0.239102701 0.224467401
12/31/1990 0.51029212 0.25106016 0.238647719
12/31/1991 0.483256012 0.260618466 0.256125522
12/31/1992 0.464355797 0.264014765 0.271629439
12/31/1993 0.448532434 0.26766586 0.283801706
12/31/1994 0.4489524 0.271567999 0.279479601
12/31/1995 0.439205851 0.263981579 0.29681257
12/31/1996 0.434808015 0.25770151 0.307490475
12/31/1997 0.42951876 0.252250617 0.318230623
12/31/1998 0.417599611 0.235430944 0.346969446
12/31/1999 0.409924244 0.227375999 0.362699757
12/31/2000 0.412717548 0.207771153 0.379511299
12/31/2001 0.400054577 0.199980172 0.399965251
12/31/2002 0.39917111 0.202194848 0.398634042
12/31/2003 0.395560823 0.203600204 0.400838972
12/31/2004 0.397787406 0.198242714 0.40396988
12/31/2005 0.397592321 0.188698623 0.413709056
12/31/2006 0.38795745 0.177394437 0.434648113
12/31/2007 0.387077255 0.171002521 0.441920225
12/31/2008 0.380447635 0.164889764 0.454662601

Source: Flow of Funds, Federal Reserve Board

Figure 10
Bank Assets Adjusted for Basel Credit Equivalents
As a Percentage of Financial Intermediary Assets
Annually as of December, 1952-2008 (Percent)

Date Banks Banks and Basel
Credit Equivalents
Other Financial
Intermediaries
12/31/1952 0.503708321   0.047638216
12/31/1953 0.485595442   0.051134844
12/31/1954 0.480096812   0.05010738
12/31/1955 0.460680758   0.057790922
12/31/1956 0.450055041   0.05698552
12/31/1957 0.438939337   0.058874394
12/31/1958 0.442175472   0.054463304
12/31/1959 0.426668586   0.060218445
12/31/1960 0.419514091   0.066018928
12/31/1961 0.421026255   0.064422717
12/31/1962 0.421760194   0.065391387
12/31/1963 0.417985901   0.067049001
12/31/1964 0.418757659   0.069933994
12/31/1965 0.425108588   0.071815267
12/31/1966 0.424714992   0.073743804
12/31/1967 0.438804889   0.067878313
12/31/1968 0.447867245   0.07045234
12/31/1969 0.443502699   0.078624253
12/31/1970 0.448791277   0.079197069
12/31/1971 0.452923676   0.078401969
12/31/1972 0.454990169   0.08202515
12/31/1973 0.463780425   0.087158603
12/31/1974 0.473293465   0.084265499
12/31/1975 0.460774389   0.074870137
12/31/1976 0.448986443   0.076938621
12/31/1977 0.441950657   0.07728457
12/31/1978 0.443630742   0.079181302
12/31/1979 0.441776699   0.087879115
12/31/1980 0.438333782   0.091778302
12/31/1981 0.429121754   0.116929388
12/31/1982 0.42193016   0.127848683
12/31/1983 0.415368248 0.439842614 0.124995306
12/31/1984 0.401927345 0.431911345 0.141469846
12/31/1985 0.390158877 0.420935141 0.168648099
12/31/1986 0.377108996 0.406913876 0.195666898
12/31/1987 0.367468684 0.396767925 0.199205223
12/31/1988 0.36191342 0.391079389 0.201135637
12/31/1989 0.358313526 0.390178436 0.224467401
12/31/1990 0.358264522 0.391963847 0.238647719
12/31/1991 0.356619199 0.387142829 0.256125522
12/31/1992 0.35234152 0.385543454 0.271629439
12/31/1993 0.346155035 0.380944998 0.283801706
12/31/1994 0.349933234 0.386964678 0.279479601
12/31/1995 0.348729721 0.387399817 0.29681257
12/31/1996 0.347376156 0.390547859 0.307490475
12/31/1997 0.34912024 0.39799363 0.318230623
12/31/1998 0.341551492 0.390461273 0.346969446
12/31/1999 0.335412859 0.385542606 0.362699757
12/31/2000 0.339154413 0.389875393 0.379511299
12/31/2001 0.32874812 0.391696865 0.399965251
12/31/2002 0.330648661 0.400953931 0.398634042
12/31/2003 0.32547959 0.403386038 0.400838972
12/31/2004 0.327634649 0.412562459 0.40396988
12/31/2005 0.325314961 0.415530396 0.413709056
12/31/2006 0.326304262 0.424696036 0.434648113
12/31/2007 0.327917126 0.430585847 0.441920225
12/31/2008 0.334071395 0.419063629 0.454662601

Source: Flow of Funds, Federal Reserve Board


Figure 11
A Decomposition of Changes in Bank Lending Growth at U.S. Banking Organizations (Billions of dollars)

Size and Group Top of Bar Base of Bar
Five Largest
C&I loans 0 -19
Real estate loans -19 -66
Consumer loans -66 -79
Other loans -79 -119
Six to Twenty-five
C&I loans 3 0
Real estate loans 10 3
Consumer loans 14 10
Other loans 14 -9
Below Twenty-five
C&I loans 4 0
Real estate loans 21 4
Consumer loans 30 22
Other loans 30 27

Source: Consolidated reports of condition and income as of December 31, 2008.


Figure 12
A Decomposition of Changes in Bank Liability Growth at U.S. Banking Organizations (Billions of dollars)

Size and Group Top of Bar Base of Bar
Five Largest
Core Deposits 111 0
Large Time Deposits 118 111
Other Managed Liabilities 118 62
Other Liabilities 62 55
Six to Twenty-five
Core Deposits 85 0
Large Time Deposits 85 2
Other Managed Liabilities 2 -62
Other Liabilities -38 -62
Below Twenty-five
Core Deposits 129 0
Large Time Deposits 150 129
Other Managed Liabilities 180 150
Other Liabilities 254 180

Source: Consolidated reports of condition and income as of December 31, 2008.

Last update: August 2, 2013