D.2 Borrowing by Sector (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Date Domestic nonfinancial sectors


Total
FA384104005
Domestic nonfinancial sectors
Households

Total
FA154104005
Domestic nonfinancial sectors
Households
Home
mortgage
FA153165105
Domestic nonfinancial sectors
Households
Consumer
credit
FA153166000
Domestic nonfinancial sectors
Business

Total
FA144104005
Domestic nonfinancial sectors
Business
Corporate

FA104104005
Domestic nonfinancial sectors
Federal
government

FA314104005
Domestic nonfinancial sectors
State and
local
governments
FA214104005
Domestic
financial
sectors



FA794104005
Rest of
the World




FA264104005
1990 687.8 231.0 200.1 15.1 133.8 133.7 280.2 42.8 209.9 17.9
1991 531.1 205.4 174.5 -8.8 -78.7 -52.9 316.6 87.8 182.5 10.1
1992 546.6 200.8 173.0 9.2 -11.6 14.7 343.8 13.6 231.1 16.9
1993 711.0 247.1 156.4 61.4 115.3 135.3 293.2 55.3 351.8 62.0
1994 688.6 324.7 166.8 135.0 217.0 201.7 193.5 -46.6 460.1 -14.5
1995 677.7 323.1 154.1 147.0 241.8 195.5 174.2 -61.5 463.9 75.3
1996 766.3 349.2 205.1 105.7 246.7 173.6 191.1 -20.6 563.4 85.5
1997 881.8 347.3 215.2 70.3 420.3 315.7 63.4 50.8 565.7 71.4
1998 1139.7 454.4 302.2 97.1 629.8 447.1 -11.4 66.9 1031.3 37.6
1999 1147.6 570.2 375.7 112.4 569.4 372.2 -30.1 38.1 1099.2 25.1
2000 869.1 579.4 382.2 176.5 546.8 350.9 -275.0 17.8 870.3 57.2
2001 1128.0 643.7 506.6 150.6 322.0 158.2 55.2 107.1 950.9 -10.5
2002 1376.3 776.4 704.5 105.2 174.6 17.3 282.1 143.3 819.3 62.3
2003 1699.9 1063.1 869.8 105.9 93.0 18.2 420.7 123.1 1160.3 16.5
2004 2155.0 1106.0 930.1 117.2 461.1 207.1 402.8 185.1 1028.0 91.7
2005 2307.8 1173.0 1062.3 100.4 620.9 282.4 346.9 167.0 1104.9 99.2
2006 2444.0 1278.2 997.0 120.1 826.3 412.0 219.1 120.4 1452.4 284.2
2007 2526.8 924.1 708.5 150.2 1152.5 686.5 270.4 179.8 2018.8 252.0
2008 2005.2 46.8 89.7 34.3 607.6 282.4 1302.5 48.2 724.8 -203.2
2009 1302.1 62.4 95.3 -94.6 -411.6 -314.1 1505.8 145.6 -1753.9 227.5
2010 1540.0 -126.4 -156.2 -28.2 -72.5 -53.2 1645.9 93.0 -668.6 188.2
2011 1436.9 38.9 -55.7 109.4 283.7 342.0 1138.7 -24.5 -472.4 161.9
2012 1847.1 31.7 -106.5 158.7 620.3 444.4 1180.6 14.5 -189.0 204.3
2013 1747.6 300.8 -23.7 177.6 579.3 470.0 857.3 10.1 214.2 245.1
2014 1654.3 149.4 -4.3 219.1 829.8 545.1 735.9 -60.7 281.3 256.0
2015 2005.6 354.7 108.2 233.5 893.8 642.4 724.6 32.6 202.5 -20.8
2016 2007.6 439.4 186.1 236.2 683.1 294.8 842.7 42.4 373.6 39.7
2017 2061.3 571.5 286.2 194.3 877.2 413.3 598.6 14.1 333.5 371.1
2018 2367.5 481.4 287.8 172.7 672.1 379.1 1258.1 -44.0 257.6 244.3
2019 2484.4 546.8 285.5 185.1 763.3 649.7 1174.9 -0.5 404.3 70.9
2020 6857.7 575.0 400.0 -12.0 1595.3 1069.1 4581.2 106.3 960.8 103.5
2021 3869.6 1217.3 790.0 237.8 904.3 536.2 1683.4 64.6 866.3 633.6
2022 3733.4 1144.3 821.5 345.7 1083.0 543.8 1546.9 -40.8 1600.2 305.9
2023 3559.9 518.0 367.0 129.8 405.5 237.6 2620.4 16.0 345.6 193.0
2024 3486.1 607.1 367.9 98.8 641.3 446.3 2144.9 92.8 575.2 351.5
2020:Q1 5840.3 561.2 293.9 41.3 3376.6 3039.4 1856.2 46.3 4609.5 -386.6
2020:Q2 14910.6 -77.2 262.9 -276.3 2712.4 1894.0 12144.4 131.0 -1853.8 186.5
2020:Q3 3173.7 890.8 559.8 108.5 51.2 -415.0 2045.8 185.9 -8.9 28.6
2020:Q4 3506.4 925.0 483.5 78.3 241.0 -241.8 2278.3 62.1 1096.2 585.6
2021:Q1 3205.0 988.2 560.1 166.8 877.1 495.9 1239.8 99.8 1001.5 984.5
2021:Q2 4027.2 1273.4 851.6 293.0 488.5 309.9 2165.5 99.8 860.7 379.1
2021:Q3 2653.4 1249.2 853.5 230.8 891.6 676.6 426.1 86.4 874.7 935.1
2021:Q4 5592.9 1358.2 895.0 260.7 1360.1 662.4 2902.2 -27.7 728.2 235.6
2022:Q1 5708.7 1495.4 1041.2 349.9 1478.0 907.5 2817.9 -82.6 2278.1 483.6
2022:Q2 3655.5 1366.3 1043.4 400.2 1348.8 772.8 864.5 76.0 1187.2 406.3
2022:Q3 3556.0 1159.2 788.4 313.7 827.8 344.7 1565.6 3.4 1069.7 492.8
2022:Q4 2013.2 556.5 413.0 319.3 677.3 150.1 939.6 -160.2 1865.8 -159.2
2023:Q1 2899.8 457.3 351.8 204.6 909.6 629.7 1496.6 36.3 2330.1 164.1
2023:Q2 3769.0 586.0 379.6 163.2 319.9 187.0 2792.8 70.3 -1244.2 228.8
2023:Q3 4342.0 600.7 463.0 18.7 258.6 133.6 3487.3 -4.6 -420.6 92.8
2023:Q4 3229.0 427.9 273.4 132.7 134.0 0.0 2705.1 -38.1 716.8 286.2
2024:Q1 3715.9 607.1 281.8 102.7 834.7 679.5 2197.3 76.8 376.2 142.6
2024:Q2 2782.9 565.8 428.3 53.3 845.2 666.4 1172.7 199.1 54.5 696.1
2024:Q3 4257.9 587.2 425.0 119.0 702.1 503.4 2836.5 132.1 1755.5 171.9
2024:Q4 3187.5 668.1 336.4 120.3 183.2 -64.0 2373.1 -36.9 114.5 395.5
2025:Q1 2680.5 366.1 304.1 58.3 1111.1 915.5 1056.8 146.6 1367.0 594.3
2025:Q2 2313.5 770.6 439.4 140.3 783.4 560.5 471.2 288.2 1256.7 690.5

NOTES

  1. Debt securities and loans.
Last Update: September 11, 2025