Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: September 18, 2008
Release dates | Coded tables | Historical data
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L.1 Credit Market Debt Outstanding1
Billions of dollars; amounts outstanding end of period, not seasonally adjusted

Description
2002
2003
2004
2005
2006
2007
Q1
2007
Q2
2007
Q3
2007
Q4
2008
Q1
2008
Q2

Line
All sectors credit market instruments, excluding corporate equities liability 31829.4 34606.5 37808.2 41251.5 45347.0 46372.5 47349.5 48655.2 49760.8 50509.7 51019.0 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 20733.8 22442.5 24456.8 26776.2 29201.4 29835.6 30370.4 31057.5 31723.4 32196.1 32397.1 2
Households and nonprofit organizations credit and equity market instruments liability 8515.7 9501.2 10582.8 11763.3 12967.8 13146.6 13396.5 13644.3 13848.5 13913.8 13974.9 3
Nonfarm nonfinancial corporate business credit market instruments liability 4856.8 4974.0 5178.8 5493.3 6011.2 6182.8 6421.2 6598.1 6804.7 6904.4 7026.7 4
Nonfarm noncorporate business credit and equity market instruments liability 2107.1 2198.7 2443.1 2776.2 3126.1 3201.1 3295.8 3427.4 3542.0 3624.8 3673.0 5
Farm business credit and equity market instruments liability 169.7 168.0 174.1 186.9 205.3 204.9 208.0 210.5 214.0 217.2 226.4 6
State and local governments, excluding employee retirement funds credit  market instruments liability 1447.5 1567.6 1683.0 1854.7 2005.8 2062.7 2121.7 2144.3 2191.9 2213.3 2221.9 7
Federal government credit  market instruments liability 3637.0 4033.1 4395.0 4701.9 4885.3 5037.4 4927.2 5032.9 5122.3 5322.6 5274.1 8
Rest of the world credit market instruments, excluding corporate equities liability 1072.8 1252.7 1437.7 1512.3 1879.8 1905.9 1971.7 1973.0 2016.5 2081.1 2099.1 9
Total finance credit market instruments, excluding corporate equities liability 10022.8 10911.3 11913.7 12963.0 14265.8 14631.0 15007.5 15624.7 16021.0 16232.5 16522.7 10
Commercial banking credit market instruments, excluding corporate equities liability 611.8 660.4 738.7 823.9 998.0 1015.6 1062.5 1184.3 1261.2 1312.9 1394.3 11
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 324.8 338.0 356.7 393.6 497.8 494.9 510.6 597.2 629.6 647.2 656.0 12
Foreign banking offices in the U.S. acceptances liability 0.7 0.6 0.7 0.8 0.5 0.3 0.4 0.3 0.5 0.4 0.3 13
Bank holding companies credit market instruments, excluding corporate equities liability 286.4 321.8 381.3 429.5 499.7 520.3 551.5 586.8 631.1 665.4 737.9 14
Savings institutions credit market instruments liability 262.3 296.8 385.8 409.6 297.8 288.3 287.6 378.1 403.0 424.0 407.9 15
Credit unions FHLB advances (other loans and advances) liability 6.9 9.1 11.4 14.7 18.9 16.2 18.9 28.4 32.3 28.5 35.4 16
Life insurance companies FHLB advances (other loans and advances) liability 5.1 8.0 11.1 11.5 14.2 15.4 18.6 25.3 28.7 31.1 33.4 17
Government-sponsored enterprises credit and equity market instruments liability 2350.4 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 18
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 3158.6 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 19
Issuers of asset-backed securities total financial liabilities liability 1983.1 2217.5 2663.7 3372.7 4180.5 4347.5 4500.0 4543.8 4512.7 4446.7 4365.4 20
Finance companies credit and equity market instruments liability 884.2 995.3 1129.6 1108.6 1144.2 1133.6 1135.2 1173.3 1169.1 1176.9 1164.6 21
Real estate investment trusts credit market instruments, excluding corporate equities liability 198.5 230.0 343.2 402.9 425.8 434.4 428.7 424.4 422.3 411.6 406.3 22
Security brokers and dealers credit market instruments liability 40.6 47.0 62.2 62.4 68.8 83.7 93.6 86.3 64.8 120.1 114.8 23
Funding corporations credit market instruments, excluding corporate equities liability 521.2 519.3 517.1 622.7 652.5 696.1 701.8 713.8 753.2 738.1 735.2 24
All sectors credit market instruments, excluding corporate equities liability 31829.4 34606.5 37808.2 41251.5 45347.0 46372.5 47349.5 48655.2 49760.8 50509.7 51019.0 25
Domestic nonfinancial sectors credit market instruments, excluding corporate equities asset 4448.6 4786.6 5223.5 5698.3 6054.6 6127.6 6134.9 6320.9 6332.8 6181.3 6204.8 26
Households and nonprofit organizations credit market instruments, excluding corporate equities asset 2763.3 3047.3 3366.8 3634.8 3865.3 3897.1 3879.6 4105.2 4143.6 4111.7 4140.4 27
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset 269.4 266.2 297.4 339.6 328.5 330.8 316.0 278.6 265.5 165.2 168.6 28
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset 72.4 73.9 85.4 96.8 109.1 112.0 115.5 120.2 124.1 126.8 128.7 29
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 1067.4 1125.6 1198.1 1352.0 1470.6 1501.9 1537.2 1528.2 1512.0 1484.7 1473.2 30
Federal government credit  market instruments asset 276.2 273.6 275.9 275.0 281.2 285.8 286.6 288.7 287.6 292.9 293.9 31
Rest of the world credit market instruments, excluding corporate equities asset 3303.0 3836.1 4634.7 5188.3 6198.2 6531.6 6825.8 6964.3 7367.2 7551.7 7775.0 32
Total finance credit market instruments, excluding corporate equities asset 24077.8 25983.8 27949.9 30364.8 33094.2 33713.3 34388.9 35370.0 36060.8 36776.6 37039.2 33
Monetary authority credit market instruments asset 629.4 666.7 717.8 744.2 778.9 780.9 790.5 779.6 740.6 631.0 537.9 34
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 5614.9 5994.3 6602.3 7260.7 8019.1 8025.9 8217.4 8465.0 8757.0 8885.9 8950.2 35
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 5003.9 5390.6 5961.8 6469.7 7122.7 7091.0 7234.7 7417.6 7638.7 7721.0 7785.3 36
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset 516.9 490.3 513.3 657.8 761.6 805.9 855.3 914.8 963.3 1008.9 983.1 37
Bank holding companies credit market instruments, excluding corporate equities asset 27.8 36.4 36.4 32.2 35.6 31.4 30.1 35.4 58.7 59.7 84.1 38
Banks in U.S.-affiliated areas credit market instruments asset 66.3 76.9 90.8 101.0 99.3 97.6 97.4 97.2 96.4 96.3 97.7 39
Savings institutions credit market instruments asset 1166.6 1293.9 1417.4 1616.7 1518.6 1577.5 1595.2 1628.9 1584.3 1598.8 1606.5 40
Credit unions credit market instruments, excluding corporate equities asset 465.4 516.6 556.4 592.6 622.7 629.2 641.0 652.6 657.9 665.7 685.7 41
Property-casualty insurance companies credit market instruments, excluding corporate equities asset 558.3 625.2 698.8 765.8 813.5 821.7 830.4 838.9 839.8 836.6 835.1 42
Life insurance companies credit market instruments, excluding corporate equities asset 2307.8 2488.3 2661.4 2765.4 2806.1 2831.3 2855.4 2882.4 2888.6 2914.2 2937.0 43
Private pension funds credit market instruments, excluding corporate equities asset (form 5500 data) 577.3 646.5 646.1 690.6 704.6 712.3 722.2 729.7 737.9 748.2 757.1 44
State and local government employee retirement funds credit market instruments, excluding corporate equities asset 638.7 657.5 675.3 693.4 769.7 767.5 772.2 787.5 799.8 801.8 812.3 45
Federal government retirement funds credit market instruments, excluding corporate equities asset 57.6 63.6 68.2 76.0 84.3 88.1 88.9 93.3 96.1 106.1 108.1 46
Money market mutual funds credit market instruments asset 1567.1 1471.3 1346.3 1340.8 1560.8 1649.5 1699.2 1802.7 1951.5 2253.4 2232.7 47
Mutual funds credit market instruments asset 1368.4 1506.4 1623.0 1747.1 1932.0 2005.4 2093.5 2141.6 2203.1 2256.7 2314.4 48
Closed-end funds credit market instruments asset 117.1 152.6 163.6 165.8 171.8 171.6 175.1 170.6 170.6 165.5 161.0 49
Exchange-traded funds credit market instruments asset 3.7 4.5 8.2 15.0 20.7 22.4 26.3 28.7 33.5 37.8 43.0 50
Government-sponsored enterprises credit and equity market instruments asset 2323.2 2564.2 2613.0 2543.9 2590.5 2558.4 2594.8 2761.1 2837.5 2910.1 2994.7 51
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 3158.6 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 52
Issuers of asset-backed securities credit and equity market instruments asset 1893.9 2119.8 2556.6 3269.1 4069.1 4232.9 4388.2 4436.4 4398.1 4325.4 4257.4 53
Finance companies credit and equity market instruments asset 1082.0 1204.9 1419.8 1537.1 1626.8 1617.6 1615.8 1637.0 1636.6 1650.2 1639.3 54
Real estate investment trusts credit market instruments asset 71.7 97.5 200.1 267.0 295.1 300.0 287.2 252.6 249.5 231.0 231.7 55
Security brokers and dealers credit market instruments, excluding corporate equities asset 344.4 424.1 394.9 477.2 583.4 677.2 583.8 718.2 803.1 864.3 693.8 56
Funding corporations credit market instruments, excluding corporate equities asset 131.6 159.3 205.9 254.5 289.2 288.3 336.2 320.0 211.8 291.8 479.7 57

  FOOTNOTES
  1.  Excludes corporate equities and mutual fund shares. Return to text


Release dates | Coded tables | Historical data
Current release | Screen reader | PDF (450 KB)

Statistical releases