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: December 11, 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
2003
2004
2005
2006
2007
Q1
2007
Q2
2007
Q3
2007
Q4
2008
Q1
2008
Q2
2008
Q3

Line
All sectors credit market instruments, excluding corporate equities liability 34605.3 37785.9 41244.2 45325.6 46487.1 47475.1 48779.5 49882.3 50621.5 51066.3 51796.3 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 22441.4 24446.7 26769.4 29188.3 29831.3 30369.7 31056.8 31718.2 32181.2 32353.1 32937.8 2
Households and nonprofit organizations credit and equity market instruments liability 9500.1 10573.0 11740.3 12939.0 13125.0 13374.7 13618.7 13815.3 13876.1 13907.2 13921.2 3
Nonfarm nonfinancial corporate business credit market instruments liability 4973.9 5177.9 5510.3 5976.5 6147.9 6387.2 6565.6 6772.4 6867.7 6989.2 7016.9 4
Nonfarm noncorporate business credit and equity market instruments liability 2198.7 2443.8 2775.4 3184.1 3259.1 3354.7 3486.7 3602.6 3684.6 3732.6 3750.5 5
Farm business credit and equity market instruments liability 168.0 174.1 186.9 197.7 199.2 204.2 208.5 214.0 217.2 226.3 223.9 6
State and local governments, excluding employee retirement funds credit  market instruments liability 1567.6 1683.0 1854.7 2005.8 2062.7 2121.7 2144.3 2191.7 2213.1 2223.7 2224.7 7
Federal government credit  market instruments liability 4033.1 4395.0 4701.9 4885.3 5037.4 4927.2 5032.9 5122.3 5322.6 5274.1 5800.6 8
Rest of the world credit market instruments, excluding corporate equities liability 1252.7 1437.7 1512.3 1879.8 1905.9 1971.7 1973.0 2016.5 2081.1 2099.1 1961.7 9
Total finance credit market instruments, excluding corporate equities liability 10915.2 11906.4 12968.7 14265.4 14757.6 15141.8 15758.1 16154.8 16365.7 16619.3 16904.1 10
Commercial banking credit market instruments, excluding corporate equities liability 660.4 738.7 823.9 998.0 1015.6 1062.5 1184.3 1261.2 1312.9 1394.2 1461.5 11
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 338.0 356.7 393.6 497.8 494.9 510.6 597.2 629.6 647.2 655.9 785.9 12
Foreign banking offices in the U.S. acceptances liability 0.6 0.7 0.8 0.5 0.3 0.4 0.3 0.5 0.4 0.3 0.0 13
Bank holding companies credit market instruments, excluding corporate equities liability 321.8 381.3 429.5 499.7 520.3 551.5 586.8 631.1 665.4 737.9 675.6 14
Savings institutions credit market instruments liability 296.8 385.8 409.6 297.8 288.3 289.5 375.9 395.1 407.3 400.7 345.3 15
Credit unions FHLB advances (other loans and advances) liability 9.1 11.4 14.7 18.9 16.2 18.9 28.4 32.3 28.5 35.4 43.5 16
Life insurance companies FHLB advances (other loans and advances) liability 8.0 11.1 11.5 14.2 15.4 18.6 25.3 28.7 31.1 33.4 42.9 17
Government-sponsored enterprises credit and equity market instruments liability 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 18
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 19
Issuers of asset-backed securities total financial liabilities liability 2217.2 2654.6 3378.8 4186.3 4344.1 4493.3 4535.7 4502.5 4432.8 4319.3 4207.0 20
Finance companies credit and equity market instruments liability 995.3 1129.6 1108.6 1144.2 1234.2 1240.3 1280.4 1279.6 1301.4 1299.3 1281.7 21
Real estate investment trusts credit market instruments, excluding corporate equities liability 230.3 340.2 396.2 411.8 429.4 427.6 423.4 421.5 404.7 399.1 391.7 22
Security brokers and dealers credit market instruments liability 47.0 62.2 62.4 68.8 83.7 93.6 86.3 64.8 120.1 85.9 273.5 23
Funding corporations credit market instruments, excluding corporate equities liability 519.3 517.1 622.7 652.5 722.7 728.8 743.0 788.2 777.8 781.2 799.7 24
All sectors credit market instruments, excluding corporate equities liability 34605.3 37785.9 41244.2 45325.6 46487.1 47475.1 48779.5 49882.3 50621.5 51066.3 51796.3 25
Domestic nonfinancial sectors credit market instruments, excluding corporate equities asset 4786.8 5212.0 5712.1 6019.8 6196.4 6200.5 6357.2 6336.7 6177.9 6140.3 6153.7 26
Households and nonprofit organizations credit market instruments, excluding corporate equities asset 3047.5 3355.2 3648.6 3842.8 3977.6 3956.4 4153.8 4160.2 4116.7 4087.7 4086.9 27
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset 266.2 297.4 339.6 328.5 330.8 316.2 277.3 263.4 167.2 167.5 169.6 28
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset 73.9 85.4 96.8 96.7 100.3 104.1 109.2 113.4 116.3 118.0 118.9 29
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 1125.6 1198.1 1352.0 1470.6 1501.9 1537.2 1528.2 1512.0 1484.7 1473.2 1479.9 30
Federal government credit  market instruments asset 273.6 275.9 275.0 281.2 285.8 286.6 288.7 287.6 292.9 293.9 298.4 31
Rest of the world credit market instruments, excluding corporate equities asset 3836.1 4634.7 5188.3 6198.2 6531.6 6825.8 6964.3 7367.4 7551.7 7801.0 7853.3 32
Total finance credit market instruments, excluding corporate equities asset 25982.4 27939.3 30343.7 33107.6 33759.2 34448.8 35458.0 36178.1 36891.9 37125.0 37789.2 33
Monetary authority credit market instruments asset 666.7 717.8 744.2 778.9 780.9 790.5 779.6 740.6 631.0 509.1 777.8 34
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 5994.3 6602.3 7260.7 8019.1 8025.9 8217.4 8465.0 8757.0 8885.9 8950.0 9327.0 35
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 5390.6 5961.8 6469.7 7122.7 7091.0 7234.7 7417.6 7638.7 7721.0 7785.3 8212.5 36
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset 490.3 513.3 657.8 761.6 805.9 855.3 914.8 963.3 1008.9 983.1 942.2 37
Bank holding companies credit market instruments, excluding corporate equities asset 36.4 36.4 32.2 35.6 31.4 30.1 35.4 58.7 59.7 84.1 75.0 38
Banks in U.S.-affiliated areas credit market instruments asset 76.9 90.8 101.0 99.3 97.6 97.4 97.2 96.4 96.3 97.6 97.2 39
Savings institutions credit market instruments asset 1293.9 1417.4 1616.7 1518.6 1577.5 1595.2 1628.9 1584.3 1598.8 1606.6 1323.7 40
Credit unions credit market instruments, excluding corporate equities asset 516.6 556.4 592.6 622.7 629.2 641.0 652.6 657.9 665.0 684.7 697.7 41
Property-casualty insurance companies credit market instruments, excluding corporate equities asset 625.2 698.8 765.8 813.5 821.7 830.4 838.9 839.8 836.6 835.0 842.1 42
Life insurance companies credit market instruments, excluding corporate equities asset 2488.3 2661.4 2765.4 2806.1 2831.3 2855.4 2882.4 2888.6 2914.2 2933.3 2949.7 43
Private pension funds credit market instruments, excluding corporate equities asset (form 5500 data) 646.5 646.1 690.6 741.6 773.3 794.2 826.7 862.9 890.2 909.1 917.6 44
State and local government employee retirement funds credit market instruments, excluding corporate equities asset 657.5 675.3 693.4 769.7 767.5 772.2 787.5 799.8 801.8 800.5 809.6 45
Federal government retirement funds credit market instruments, excluding corporate equities asset 63.6 68.2 76.0 84.3 88.1 88.9 93.3 96.1 106.1 108.1 115.1 46
Money market mutual funds credit market instruments asset 1471.3 1346.3 1340.8 1560.8 1649.5 1699.2 1801.8 1951.5 2253.4 2232.7 2186.6 47
Mutual funds credit market instruments asset 1506.4 1623.0 1747.1 1932.0 2005.4 2093.5 2141.6 2203.1 2256.7 2356.6 2366.3 48
Closed-end funds credit market instruments asset 152.6 163.6 165.8 171.8 171.6 175.1 170.6 170.6 165.6 161.2 153.1 49
Exchange-traded funds credit market instruments asset 4.5 8.2 15.0 20.7 22.4 26.3 28.7 33.5 37.8 43.0 49.7 50
Government-sponsored enterprises credit and equity market instruments asset 2564.2 2613.0 2543.9 2590.5 2558.4 2596.7 2758.9 2829.5 2893.4 2987.8 3021.2 51
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 52
Issuers of asset-backed securities credit and equity market instruments asset 2119.5 2547.4 3275.2 4074.8 4229.5 4381.5 4428.3 4388.0 4311.4 4211.3 4109.7 53
Finance companies credit and equity market instruments asset 1204.9 1419.8 1537.1 1626.7 1617.2 1615.0 1635.9 1638.8 1648.5 1637.3 1621.9 54
Real estate investment trusts credit market instruments asset 96.4 198.6 239.8 265.8 288.6 280.7 248.0 244.3 224.0 224.0 211.1 55
Security brokers and dealers credit market instruments, excluding corporate equities asset 424.1 394.9 477.2 583.4 677.2 583.8 718.2 803.1 864.3 691.8 830.2 56
Funding corporations credit market instruments, excluding corporate equities asset 159.3 205.9 254.5 289.2 288.3 336.2 327.9 225.2 304.9 481.3 584.4 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