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: June 10, 2004
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
1997
1998
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2003
Q1
2003
Q2
2003
Q3
2003
Q4
2004
Q1

Line
All sectors credit market instruments, excluding corporate equities liability 21206.2 23334.4 25459.6 27178.7 29151.2 31343.7 31884.1 32592.9 33250.7 34029.1 34625.5 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 15150.5 16184.3 17243.5 18098.8 19228.0 20567.4 20877.5 21416.6 21828.5 22299.2 22725.5 2
Federal government credit  market instruments liability 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 3
Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities liability 11345.7 12432.1 13562.5 14713.7 15848.4 16930.4 17177.0 17609.7 17914.0 18266.1 18556.5 4
Households and nonprofit organizations credit and equity market instruments liability 5512.8 5949.1 6439.3 7014.1 7648.4 8388.7 8544.1 8813.1 9054.8 9281.4 9458.8 5
Nonfarm nonfinancial corporate business credit market instruments liability 3382.3 3774.7 4181.6 4538.8 4766.7 4807.6 4849.7 4920.2 4935.7 4986.4 5030.8 6
Nonfarm noncorporate business credit and equity market instruments liability 1225.4 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 7
Farm business credit and equity market instruments liability 154.5 164.7 169.3 180.2 190.5 199.1 197.8 202.3 204.4 206.2 204.3 8
State and local governments, excluding employee retirement funds credit  market instruments liability 1070.7 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.6 1601.0 9
Rest of the world credit market instruments, excluding corporate equities liability 607.9 639.3 652.5 709.5 659.7 665.6 669.9 653.1 639.4 650.7 667.2 10
Total finance credit market instruments, excluding corporate equities liability 5447.7 6510.8 7563.6 8370.4 9263.5 10110.8 10336.6 10523.2 10782.8 11079.2 11232.8 11
Commercial banking credit market instruments, excluding corporate equities liability 309.2 382.1 449.3 509.3 562.1 612.0 627.6 639.5 638.9 661.3 703.7 12
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 133.4 186.2 228.0 264.8 294.9 325.0 324.3 336.4 333.6 338.9 355.4 13
Foreign banking offices in the U.S. acceptances liability 7.2 2.4 2.0 2.0 1.1 0.7 0.5 0.5 0.5 0.6 0.6 14
Bank holding companies credit market instruments, excluding corporate equities liability 168.6 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.7 15
Savings institutions credit market instruments liability 160.3 212.4 260.4 287.7 295.1 281.4 287.2 277.0 277.9 280.9 281.4 16
Credit unions FHLB advances (other loans and advances) liability 0.6 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 17
Life insurance companies FHLB advances (other loans and advances) liability 1.8 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 8.1 18
Government-sponsored enterprises credit and equity market instruments liability 995.3 1273.6 1591.7 1825.8 2114.0 2339.9 2388.7 2438.7 2548.1 2573.0 2582.1 19
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 20
Issuers of asset-backed securities total financial liabilities liability 1066.3 1365.3 1556.8 1743.8 1997.8 2191.2 2249.6 2307.1 2347.2 2396.4 2420.0 21
Finance companies credit and equity market instruments liability 568.3 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 961.1 22
Mortgage companies bank loans not elsewhere classified liability 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 23
Real estate investment trusts credit market instruments, excluding corporate equities liability 96.1 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 213.8 227.3 24
Security brokers and dealers corporate and foreign bonds liability 35.3 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 25
Funding corporations credit market instruments, excluding corporate equities liability 372.6 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 455.5 26
All sectors credit market instruments, excluding corporate equities liability 21206.2 23334.4 25459.6 27178.7 29151.2 31343.7 31884.1 32592.9 33250.7 34029.1 34625.5 27
Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities asset 3010.2 3240.8 3427.0 3310.7 3265.5 3212.5 3144.6 3181.2 3282.6 3420.0 3286.3 28
Households and nonprofit organizations credit market instruments, excluding corporate equities asset 2093.6 2191.1 2370.3 2245.4 2129.8 2024.1 1984.6 1991.1 2076.6 2201.0 2077.7 29
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset 257.5 242.9 224.3 249.4 252.1 275.4 266.7 279.8 291.6 289.3 276.0 30
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset 54.2 67.5 64.6 65.9 73.0 76.7 76.6 77.6 77.8 78.1 78.1 31
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 605.0 739.4 767.8 750.0 810.6 836.4 816.7 832.7 836.7 851.6 854.5 32
Federal government credit  market instruments asset 209.8 221.6 261.1 272.7 278.7 288.5 284.1 282.0 287.0 285.8 287.5 33
Rest of the world credit market instruments, excluding corporate equities asset 2097.7 2278.2 2354.6 2621.1 2953.7 3436.8 3535.5 3722.5 3799.5 3956.5 4243.6 34
Total finance credit market instruments, excluding corporate equities asset 15888.5 17593.9 19416.9 20974.2 22653.3 24406.0 24919.9 25407.3 25881.5 26366.7 26808.1 35
Monetary authority credit market instruments asset 431.4 452.5 478.1 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 36
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 4031.9 4336.1 4648.3 5006.3 5210.5 5614.9 5673.6 5831.6 5832.4 5961.5 6135.7 37
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 3450.7 3761.4 4080.0 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 38
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset 516.1 504.5 487.4 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.4 39
Bank holding companies credit market instruments, excluding corporate equities asset 27.4 26.5 32.7 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 40
Banks in U.S.-affiliated areas credit market instruments asset 37.8 43.8 48.3 55.0 65.0 66.3 66.1 70.3 75.5 77.6 80.7 41
Savings institutions credit market instruments asset 928.5 964.7 1032.4 1088.6 1131.4 1166.8 1214.4 1238.8 1261.4 1293.1 1370.6 42
Credit unions credit market instruments, excluding corporate equities asset 305.3 324.2 351.7 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.3 43
Bank personal trusts and estates credit market instruments, excluding corporate equities asset 207.0 194.1 222.0 222.8 194.7 195.6 194.9 194.3 193.7 193.2 196.4 44
Life insurance companies credit market instruments, excluding corporate equities asset 1751.1 1828.0 1886.0 1943.9 2074.8 2307.8 2377.6 2437.4 2472.8 2503.7 2528.6 45
Other (that is, property-casualty) insurance companies credit market instruments, excluding corporate equities asset 515.3 521.1 518.2 509.4 518.4 558.3 572.3 584.7 601.9 624.0 634.8 46
Private pension funds credit market instruments, excluding corporate equities asset 647.1 621.1 720.4 724.2 708.3 729.5 731.3 737.4 734.4 733.6 744.5 47
State and local government employee retirement funds credit market instruments, excluding corporate equities asset 632.5 704.6 751.4 806.0 788.4 802.4 802.5 808.1 810.9 815.5 816.6 48
Federal government retirement funds credit market instruments, excluding corporate equities asset 27.5 30.2 33.1 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 49
Money market mutual funds credit market instruments asset 721.9 965.9 1147.8 1290.9 1536.9 1511.6 1485.5 1480.3 1438.1 1398.5 1344.7 50
Mutual funds credit market instruments asset 901.1 1028.4 1076.8 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1548.6 51
Closed-end funds credit market instruments asset 96.3 101.2 110.8 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.5 52
Exchange-traded funds credit market instruments asset 0.0 0.0 0.0 0.0 0.0 3.7 3.4 3.5 3.9 4.5 5.7 53
Government-sponsored enterprises credit and equity market instruments asset 938.3 1252.0 1543.2 1803.9 2110.0 2320.9 2387.0 2419.0 2583.8 2579.0 2570.1 54
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 55
Issuers of asset-backed securities credit and equity market instruments asset 927.4 1186.7 1360.0 1517.2 1745.1 1915.8 1968.2 2020.6 2055.8 2100.1 2119.0 56
Finance companies credit and equity market instruments asset 568.2 645.5 742.6 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.0 57
Mortgage companies total mortgages (total financial assets) asset 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 58
Real estate investment trusts credit market instruments asset 50.6 45.5 42.9 35.8 42.5 65.6 63.5 71.2 75.9 82.4 97.0 59
Security brokers and dealers credit market instruments, excluding corporate equities asset 182.6 189.4 154.7 223.6 316.0 344.4 390.9 341.1 375.0 424.1 412.8 60
Funding corporations credit market instruments, excluding corporate equities asset 166.7 152.3 272.2 297.1 217.8 174.7 215.9 202.4 247.9 277.5 334.4 61

  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