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Finance and Economics Discussion Series: Data for paper 2010-20

Financial Statistics for the United States and the Crisis: What Did They Get Right, What Did They Miss, and How Should They Change?

Matthew J. Eichner, Donald L. Kohn, and Michael G. Palumbo

Figure 1: Household Sector Net Saving and Investment in the SNA Capital Account, 1960 to 2009

Date Household net saving (disposable income less consumption expenditures) Household net physical investment (primarily, net resedential investment)
1960 7.21 4.97
1961 8.36 4.52
1962 8.27 4.6
1963 7.79 4.78
1964 8.77 4.67
1965 8.58 4.46
1966 8.24 3.79
1967 9.42 3.47
1968 8.4 3.69
1969 7.79 3.61
1970 9.44 3
1971 10.11 3.95
1972 8.91 4.75
1973 10.52 4.64
1974 10.61 3.42
1975 10.62 2.95
1976 9.44 3.91
1977 8.74 5.03
1978 8.87 5.21
1979 8.78 4.56
1980 9.8 3.12
1981 10.59 2.57
1982 10.94 1.95
1983 8.71 3.27
1984 10.25 3.67
1985 8.23 3.51
1986 7.56 4.02
1987 6.5 4.21
1988 6.89 4.06
1989 6.64 3.7
1990 6.51 3.08
1991 7.05 2.62
1992 7.02 3.05
1993 5.93 3.29
1994 5.56 3.66
1995 5.55 3.22
1996 4.94 3.53
1997 4.57 3.63
1998 5.24 3.97
1999 3.13 4.1
2000 2.91 3.99
2001 2.68 4.03
2002 3.52 4.16
2003 3.64 4.57
2004 3.25 5.21
2005 1.43 5.71
2006 2.38 5.06
2007 1.66 3.53
2008 2.6 2.12
2009 ND 1.02

Figure 2: Net Lending (+) or Borrowing (-) by US Households in the SNA Capital Account, 1960 to 2008

Date Net Lending (+) or Borrowing (-)
1960 1.62
1961 3.18
1962 3.01
1963 2.34
1964 3.39
1965 3.39
1966 3.72
1967 5.26
1968 4.06
1969 3.49
1970 5.79
1971 5.44
1972 3.38
1973 5.21
1974 6.6
1975 7.12
1976 4.97
1977 3.06
1978 3.22
1979 3.8
1980 6.24
1981 7.6
1982 8.57
1983 5.12
1984 6.3
1985 4.43
1986 3.23
1987 1.99
1988 2.53
1989 2.64
1990 3.05
1991 4.08
1992 3.7
1993 2.29
1994 1.54
1995 1.96
1996 1.01
1997 0.49
1998 0.78
1999 -1.51
2000 -1.57
2001 -1.77
2002 -1
2003 -1.09
2004 -2.08
2005 -4.32
2006 -2.84
2007 -1.9
2008 0.52

Figure 3 (1 of 6): Personal Saving Rate

Date Personal Saving Rate
1999:Q1 4.3
1999:Q2 3
1999:Q3 2.4
1999:Q4 2.6
2000:Q1 3.1
2000:Q2 3.1
2000:Q3 3.1
2000:Q4 2.4
2001:Q1 2.8
2001:Q2 2.1
2001:Q3 4.2
2001:Q4 1.6
2002:Q1 4
2002:Q2 4
2002:Q3 3.1
2002:Q4 3.1
2003:Q1 3.1
2003:Q2 3.5
2003:Q3 3.6
2003:Q4 3.6
2004:Q1 3.2
2004:Q2 3.6
2004:Q3 3.3
2004:Q4 3.6
2005:Q1 1.6
2005:Q2 1.3
2005:Q3 1.2
2005:Q4 1.5
2006:Q1 2.2
2006:Q2 2.5
2006:Q3 2.3
2006:Q4 2.5
2007:Q1 2
2007:Q2 1.8
2007:Q3 1.6
2007:Q4 1.5
2008:Q1 1.2
2008:Q2 3.4
2008:Q3 2.2
2008:Q4 3.8
2009:Q1 3.7
2009:Q2 5.4
2009:Q3 3.9
2009:Q4 4.09

Figure 3 (2 of 6): Components of Household Saving

Date Components of Household Saving: Net borrowing Components of Household Saving: Net tangible and financial investment
2005 18.32 22.05
2006 18.52 20.33
2007 14.42 21.49
2008 1.43 11.64
2009 -4.49 1.84

Figure 3 (3 of 6): Household Debt

Date Household Debt: Contribution of consumer credit Household Debt: Total
1999:Q1 2.06 9.12
1999:Q2 1.92 7.94
1999:Q3 2.1 8.9
1999:Q4 1.31 6.49
2000:Q1 2.03 8.22
2000:Q2 2.93 9.46
2000:Q3 2.71 8.59
2000:Q4 2.98 8.9
2001:Q1 2.51 9.11
2001:Q2 1.9 10.32
2001:Q3 1.06 8.96
2001:Q4 2.85 8.77
2002:Q1 1.5 10.3
2002:Q2 1.72 9.89
2002:Q3 1.07 9.48
2002:Q4 1.03 11.78
2003:Q1 1.44 11.02
2003:Q2 1.5 13
2003:Q3 1.01 11.27
2003:Q4 0.86 9.95
2004:Q1 1.41 9.81
2004:Q2 0.78 11.36
2004:Q3 1.31 9.31
2004:Q4 1.26 11.9
2005:Q1 1.05 9.18
2005:Q2 1.06 11.12
2005:Q3 0.87 11.24
2005:Q4 0.7 11.02
2006:Q1 0.57 11.36
2006:Q2 0.79 11.16
2006:Q3 0.83 8.55
2006:Q4 0.93 7.59
2007:Q1 0.89 6.87
2007:Q2 1.06 7.23
2007:Q3 1.35 5.93
2007:Q4 0.92 5.97
2008:Q1 0.86 3.1
2008:Q2 0.66 -0.02
2008:Q3 0.13 -0.6
2008:Q4 -0.51 -1.88
2009:Q1 -0.74 -1.3
2009:Q2 -0.9 -1.71
2009:Q3 -0.58 -2.68
2009:Q4 -1.07 -1.24

Figure 3 (4 of 6): Household Debt Service

Date Household Debt Service
1980:Q1 11.21
1980:Q2 11.19
1980:Q3 10.91
1980:Q4 10.61
1981:Q1 10.65
1981:Q2 10.78
1981:Q3 10.65
1981:Q4 10.7
1982:Q1 10.76
1982:Q2 10.8
1982:Q3 10.7
1982:Q4 10.64
1983:Q1 10.6
1983:Q2 10.61
1983:Q3 10.61
1983:Q4 10.67
1984:Q1 10.7
1984:Q2 10.84
1984:Q3 10.94
1984:Q4 11.07
1985:Q1 11.41
1985:Q2 11.5
1985:Q3 11.86
1985:Q4 11.97
1986:Q1 11.99
1986:Q2 12.08
1986:Q3 12.22
1986:Q4 12.38
1987:Q1 12.22
1987:Q2 12.38
1987:Q3 12.25
1987:Q4 12.08
1988:Q1 12.03
1988:Q2 12.01
1988:Q3 11.98
1988:Q4 11.85
1989:Q1 11.83
1989:Q2 12.02
1989:Q3 12.11
1989:Q4 12.12
1990:Q1 12.05
1990:Q2 12.02
1990:Q3 12.02
1990:Q4 12.03
1991:Q1 11.99
1991:Q2 11.83
1991:Q3 11.73
1991:Q4 11.53
1992:Q1 11.3
1992:Q2 11.14
1992:Q3 10.99
1992:Q4 10.81
1993:Q1 10.99
1993:Q2 10.8
1993:Q3 10.85
1993:Q4 10.73
1994:Q1 10.86
1994:Q2 10.86
1994:Q3 10.96
1994:Q4 11.06
1995:Q1 11.25
1995:Q2 11.47
1995:Q3 11.59
1995:Q4 11.67
1996:Q1 11.69
1996:Q2 11.73
1996:Q3 11.8
1996:Q4 11.87
1997:Q1 11.83
1997:Q2 11.86
1997:Q3 11.89
1997:Q4 11.85
1998:Q1 11.73
1998:Q2 11.76
1998:Q3 11.76
1998:Q4 11.81
1999:Q1 11.88
1999:Q2 12.03
1999:Q3 12.16
1999:Q4 12.13
2000:Q1 12.04
2000:Q2 12.2
2000:Q3 12.36
2000:Q4 12.59
2001:Q1 12.66
2001:Q2 12.86
2001:Q3 12.73
2001:Q4 13.1
2002:Q1 12.95
2002:Q2 13.01
2002:Q3 13.17
2002:Q4 13.24
2003:Q1 13.26
2003:Q2 13.21
2003:Q3 13.15
2003:Q4 13.19
2004:Q1 13.22
2004:Q2 13.19
2004:Q3 13.34
2004:Q4 13.29
2005:Q1 13.65
2005:Q2 13.76
2005:Q3 13.65
2005:Q4 13.75
2006:Q1 13.7
2006:Q2 13.76
2006:Q3 13.85
2006:Q4 13.85
2007:Q1 13.82
2007:Q2 13.86
2007:Q3 13.92
2007:Q4 13.88
2008:Q1 13.92
2008:Q2 13.47
2008:Q3 13.61
2008:Q4 13.57
2009:Q1 13.46
2009:Q2 13.04
2009:Q3 12.92
2009:Q4 12.6

Figure 3 (5 of 6): Household Debt Service Ratios

Date Household Debt Service Ratios: Mortgage Household Debt Service Ratios: Consumer
1980:Q1 4.84 6.37
1980:Q2 4.97 6.22
1980:Q3 4.97 5.94
1980:Q4 4.94 5.67
1981:Q1 5.04 5.61
1981:Q2 5.17 5.61
1981:Q3 5.16 5.5
1981:Q4 5.24 5.46
1982:Q1 5.33 5.43
1982:Q2 5.37 5.43
1982:Q3 5.33 5.37
1982:Q4 5.31 5.33
1983:Q1 5.29 5.31
1983:Q2 5.29 5.32
1983:Q3 5.28 5.32
1983:Q4 5.3 5.37
1984:Q1 5.32 5.38
1984:Q2 5.36 5.48
1984:Q3 5.38 5.55
1984:Q4 5.45 5.62
1985:Q1 5.64 5.77
1985:Q2 5.7 5.81
1985:Q3 5.85 6.01
1985:Q4 5.92 6.05
1986:Q1 5.94 6.05
1986:Q2 5.97 6.11
1986:Q3 6.02 6.21
1986:Q4 6.11 6.27
1987:Q1 6.09 6.13
1987:Q2 6.21 6.17
1987:Q3 6.16 6.09
1987:Q4 6.09 6
1988:Q1 6.09 5.94
1988:Q2 6.12 5.89
1988:Q3 6.15 5.83
1988:Q4 6.08 5.77
1989:Q1 6.1 5.72
1989:Q2 6.22 5.8
1989:Q3 6.31 5.8
1989:Q4 6.35 5.77
1990:Q1 6.37 5.68
1990:Q2 6.39 5.63
1990:Q3 6.42 5.6
1990:Q4 6.49 5.54
1991:Q1 6.51 5.48
1991:Q2 6.47 5.37
1991:Q3 6.45 5.28
1991:Q4 6.36 5.17
1992:Q1 6.26 5.04
1992:Q2 6.18 4.96
1992:Q3 6.1 4.89
1992:Q4 6 4.81
1993:Q1 6.1 4.89
1993:Q2 5.97 4.83
1993:Q3 5.96 4.89
1993:Q4 5.83 4.9
1994:Q1 5.84 5.02
1994:Q2 5.78 5.08
1994:Q3 5.79 5.17
1994:Q4 5.82 5.24
1995:Q1 5.9 5.35
1995:Q2 5.96 5.51
1995:Q3 5.96 5.63
1995:Q4 5.92 5.74
1996:Q1 5.86 5.83
1996:Q2 5.85 5.88
1996:Q3 5.85 5.95
1996:Q4 5.84 6.03
1997:Q1 5.85 5.98
1997:Q2 5.88 5.98
1997:Q3 5.87 6.01
1997:Q4 5.83 6.02
1998:Q1 5.75 5.98
1998:Q2 5.72 6.04
1998:Q3 5.69 6.07
1998:Q4 5.68 6.14
1999:Q1 5.71 6.18
1999:Q2 5.76 6.28
1999:Q3 5.8 6.36
1999:Q4 5.82 6.31
2000:Q1 5.79 6.25
2000:Q2 5.86 6.34
2000:Q3 5.9 6.46
2000:Q4 5.99 6.6
2001:Q1 5.99 6.67
2001:Q2 6.07 6.79
2001:Q3 6.03 6.7
2001:Q4 6.17 6.93
2002:Q1 6.09 6.86
2002:Q2 6.15 6.87
2002:Q3 6.27 6.91
2002:Q4 6.35 6.89
2003:Q1 6.41 6.85
2003:Q2 6.41 6.8
2003:Q3 6.41 6.74
2003:Q4 6.48 6.71
2004:Q1 6.54 6.68
2004:Q2 6.58 6.61
2004:Q3 6.71 6.63
2004:Q4 6.77 6.52
2005:Q1 7.04 6.61
2005:Q2 7.16 6.6
2005:Q3 7.12 6.54
2005:Q4 7.26 6.49
2006:Q1 7.37 6.33
2006:Q2 7.51 6.24
2006:Q3 7.66 6.19
2006:Q4 7.7 6.15
2007:Q1 7.73 6.09
2007:Q2 7.78 6.08
2007:Q3 7.82 6.1
2007:Q4 7.8 6.09
2008:Q1 7.82 6.09
2008:Q2 7.56 5.91
2008:Q3 7.62 5.99
2008:Q4 7.63 5.94
2009:Q1 7.6 5.86
2009:Q2 7.4 5.64
2009:Q3 7.35 5.57
2009:Q4 7.22 5.38

Figure 3 (6 of 6): Household Net Worth

Date Household Net Worth Household Net Worth: 1960 to 2009 average
1988:Q1 4.81 4.94
1988:Q2 4.84 4.94
1988:Q3 4.81 4.94
1988:Q4 4.82 4.94
1989:Q1 4.82 4.94
1989:Q2 4.89 4.94
1989:Q3 4.97 4.94
1989:Q4 4.96 4.94
1990:Q1 4.86 4.94
1990:Q2 4.85 4.94
1990:Q3 4.7 4.94
1990:Q4 4.76 4.94
1991:Q1 4.87 4.94
1991:Q2 4.82 4.94
1991:Q3 4.83 4.94
1991:Q4 4.89 4.94
1992:Q1 4.78 4.94
1992:Q2 4.72 4.94
1992:Q3 4.73 4.94
1992:Q4 4.76 4.94
1993:Q1 4.87 4.94
1993:Q2 4.81 4.94
1993:Q3 4.87 4.94
1993:Q4 4.86 4.94
1994:Q1 4.85 4.94
1994:Q2 4.78 4.94
1994:Q3 4.79 4.94
1994:Q4 4.74 4.94
1995:Q1 4.79 4.94
1995:Q2 4.89 4.94
1995:Q3 4.98 4.94
1995:Q4 5.05 4.94
1996:Q1 5.08 4.94
1996:Q2 5.1 4.94
1996:Q3 5.1 4.94
1996:Q4 5.11 4.94
1997:Q1 5.08 4.94
1997:Q2 5.32 4.94
1997:Q3 5.44 4.94
1997:Q4 5.41 4.94
1998:Q1 5.58 4.94
1998:Q2 5.6 4.94
1998:Q3 5.34 4.94
1998:Q4 5.69 4.94
1999:Q1 5.74 4.94
1999:Q2 5.92 4.94
1999:Q3 5.79 4.94
1999:Q4 6.16 4.94
2000:Q1 6.17 4.94
2000:Q2 6.02 4.94
2000:Q3 5.97 4.94
2000:Q4 5.73 4.94
2001:Q1 5.47 4.94
2001:Q2 5.64 4.94
2001:Q3 5.26 4.94
2001:Q4 5.53 4.94
2002:Q1 5.44 4.94
2002:Q2 5.21 4.94
2002:Q3 5 4.94
2002:Q4 5.11 4.94
2003:Q1 5.07 4.94
2003:Q2 5.25 4.94
2003:Q3 5.28 4.94
2003:Q4 5.5 4.94
2004:Q1 5.6 4.94
2004:Q2 5.62 4.94
2004:Q3 5.61 4.94
2004:Q4 5.79 4.94
2005:Q1 5.96 4.94
2005:Q2 6.07 4.94
2005:Q3 6.2 4.94
2005:Q4 6.28 4.94
2006:Q1 6.39 4.94
2006:Q2 6.25 4.94
2006:Q3 6.25 4.94
2006:Q4 6.38 4.94
2007:Q1 6.34 4.94
2007:Q2 6.38 4.94
2007:Q3 6.32 4.94
2007:Q4 6.1 4.94
2008:Q1 5.8 4.94
2008:Q2 5.47 4.94
2008:Q3 5.24 4.94
2008:Q4 4.76 4.94
2009:Q1 4.5 4.94
2009:Q2 4.63 4.94
2009:Q3 4.9 4.94
2009:Q4 4.9 4.94

Figure 4: Revaluations of Household Assets, 1960 to 2009

Date Total revaluations Nonfinancial assets (housing)
1960 6.83 2.54
1961 32.16 3.31
1962 2.75 2.17
1963 13.89 1.59
1964 24.6 2.79
1965 23.63 1.81
1966 -0.71 6.84
1967 37.14 5.64
1968 45 13.41
1969 -7.95 9.6
1970 8.44 6.08
1971 33.13 9.65
1972 48.45 15.05
1973 1.88 15.59
1974 -7.97 5.89
1975 38.47 13.4
1976 36.86 13.3
1977 24.42 20.31
1978 38.34 20.72
1979 50.21 24.21
1980 50.2 20.39
1981 19.92 17.35
1982 17.51 6.8
1983 18.52 4.8
1984 18.38 16.3
1985 36.27 16.84
1986 30.28 12.18
1987 17.54 10.91
1988 29.27 12.56
1989 34.6 11.53
1990 -2.91 1.81
1991 26.54 1.51
1992 10.52 2.59
1993 19.25 2.72
1994 5.93 3.09
1995 41.77 2.77
1996 26.75 3.75
1997 51.77 4.64
1998 54.95 9.84
1999 71.25 10.39
2000 -1.42 17.7
2001 -7.83 14.2
2002 -18.79 12.88
2003 60.78 13.58
2004 56.74 25.68
2005 67.78 32.89
2006 46.97 6.22
2007 -7.68 -21.89
2008 -130.21 -41.59
2009 15.94 -9.29

Figure 5 (1 of 2): Selected Short-term Collateralized Debt Instruments, 2001 to 2010

Date Asset-back commercial paper outstanding in the U.S.
Jan-01 584.74
Feb-01 604.62
Mar-01 608.73
Apr-01 618.92
May-01 625.89
Jun-01 632.28
Jul-01 641.02
Aug-01 647.94
Sep-01 658.17
Oct-01 665.97
Nov-01 672.6
Dec-01 677.73
Jan-02 684.69
Feb-02 677.04
Mar-02 680.6
Apr-02 678.99
May-02 680.24
Jun-02 683.1
Jul-02 681.76
Aug-02 683.91
Sep-02 676.71
Oct-02 677.35
Nov-02 677.62
Dec-02 674.26
Jan-03 680.72
Feb-03 670.31
Mar-03 670.23
Apr-03 676.02
May-03 683.17
Jun-03 684.47
Jul-03 697.54
Aug-03 684.41
Sep-03 691.7
Oct-03 674.51
Nov-03 664.91
Dec-03 653.24
Jan-04 648.37
Feb-04 656.11
Mar-04 659.84
Apr-04 666.44
May-04 660.05
Jun-04 662.38
Jul-04 662.99
Aug-04 661.44
Sep-04 658.59
Oct-04 674.25
Nov-04 677.41
Dec-04 686.43
Jan-05 698.84
Feb-05 709.4
Mar-05 712.32
Apr-05 719.87
May-05 732.83
Jun-05 746
Jul-05 762.08
Aug-05 782.58
Sep-05 803.29
Oct-05 805.42
Nov-05 841.12
Dec-05 858.6
Jan-06 880.57
Feb-06 894.34
Mar-06 911.47
Apr-06 930.16
May-06 946.23
Jun-06 963.15
Jul-06 976.78
Aug-06 996.77
Sep-06 1029.63
Oct-06 1041.22
Nov-06 1061.18
Dec-06 1089.55
Jan-07 1078.6
Feb-07 1076.45
Mar-07 1096.47
Apr-07 1113.86
May-07 1166.52
Jun-07 1200.13
Jul-07 1214.69
Aug-07 1008.69
Sep-07 957.18
Oct-07 916.35
Nov-07 853.12
Dec-07 802.95
Jan-08 835.21
Feb-08 795.37
Mar-08 812.72
Apr-08 769.53
May-08 756.96
Jun-08 758.92
Jul-08 756.06
Aug-08 748.06
Sep-08 725.97
Oct-08 725.48
Nov-08 724.35
Dec-08 725.2
Jan-09 717.88
Feb-09 672.09
Mar-09 680.65
Apr-09 607.47
May-09 560.95
Jun-09 523.46
Jul-09 475.59
Aug-09 503.5
Sep-09 537.32
Oct-09 477.05
Nov-09 482.17
Dec-09 470.66
Jan-10 416.83
Feb-10 420.61

Figure 5 (2 of 2): Selected Short-term Collateralized Debt Instruments, 2001 to 2010

Date Net repurchase agreements: liabilities outstanding of U.S. brokers and dealers
2001:Q1 287.07
2001:Q2 334.22
2001:Q3 402.27
2001:Q4 353.16
2002:Q1 390.43
2002:Q2 438.34
2002:Q3 383.7
2002:Q4 344.18
2003:Q1 341.96
2003:Q2 366.19
2003:Q3 420
2003:Q4 490.39
2004:Q1 482.18
2004:Q2 381.87
2004:Q3 484.67
2004:Q4 526.86
2005:Q1 621.7
2005:Q2 680.93
2005:Q3 706.5
2005:Q4 733.57
2006:Q1 816.48
2006:Q2 835.02
2006:Q3 963.03
2006:Q4 1071.82
2007:Q1 1224.55
2007:Q2 1219.2
2007:Q3 1293.74
2007:Q4 1147.28
2008:Q1 1196.68
2008:Q2 971.51
2008:Q3 751.87
2008:Q4 586.94
2009:Q1 418.78
2009:Q2 482.47
2009:Q3 449.97
2009:Q4 470.44