Financial Accounts of the United States - Z.1
F.217 Total Mortgages (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total mortgages; asset | FA893065005 | 589.5 | 762.4 | 1268.0 | 1339.9 | 1569.2 | 1634.3 | 1281.6 | 874.5 | 542.8 | 1 |
| All sectors; one-to-four-family residential mortgages; asset | FA893065105 | 299.3 | 479.4 | 902.8 | 899.5 | 1101.8 | 1120.6 | 882.9 | 492.8 | 325.3 | 2 |
| All sectors; multifamily residential mortgages; asset | FA893065405 | 134.6 | 133.2 | 146.5 | 165.1 | 165.3 | 173.3 | 159.1 | 162.9 | 43.0 | 3 |
| All sectors; commercial mortgages; asset | FA893065505 | 133.5 | 129.1 | 183.0 | 250.4 | 277.6 | 315.7 | 214.7 | 193.8 | 148.0 | 4 |
| All sectors; farm mortgages; asset | FA893065603 | 22.1 | 20.7 | 35.7 | 24.8 | 24.5 | 24.7 | 25.0 | 25.0 | 26.4 | 5 |
| All sectors; total mortgages; asset | FA893065005 | 589.5 | 762.4 | 1268.0 | 1339.9 | 1569.2 | 1634.3 | 1281.6 | 874.5 | 542.8 | 6 |
| Households and nonprofit organizations; total mortgages; liability | FA153165005 | 337.3 | 411.2 | 863.9 | 858.3 | 1049.3 | 1066.9 | 842.1 | 474.8 | 331.8 | 7 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 250.3 | 349.5 | 413.1 | 464.7 | 498.0 | 550.4 | 411.2 | 399.2 | 214.9 | 8 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | 162.6 | 21.4 | 123.1 | 141.2 | 159.2 | 166.3 | 134.1 | 105.2 | 102.7 | 9 |
| Nonfinancial noncorporate business; total mortgages; liability | FA113165005 | 87.8 | 328.1 | 290.0 | 323.5 | 338.8 | 384.2 | 277.1 | 294.0 | 112.2 | 10 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 11 |
| Equity real estate investment trusts; total mortgages; liability | FA123165005 | 1.9 | 1.8 | -8.9 | 16.9 | 21.9 | 16.9 | 28.3 | 0.5 | -3.9 | 12 |
| All sectors; total mortgages; asset | FA893065005 | 589.5 | 762.4 | 1268.0 | 1339.9 | 1569.2 | 1634.3 | 1281.6 | 874.5 | 542.8 | 13 |
| Households and nonprofit organizations; total mortgages; asset | FA153065005 | -2.3 | -1.5 | 6.0 | -1.8 | -1.4 | -3.1 | -1.0 | -1.7 | -0.2 | 14 |
| Nonfinancial corporate business; total mortgages; asset | FA103065003 | 2.2 | 8.0 | 9.2 | 12.4 | 11.5 | 12.1 | 12.7 | 13.4 | 14.1 | 15 |
| Nonfinancial noncorporate business; total mortgages; asset | FA113065005 | 1.7 | 2.6 | 3.8 | 3.8 | 4.6 | 4.6 | 2.9 | 3.1 | 1.2 | 16 |
| Federal government; total mortgages; asset | FA313065005 | 0.6 | 3.3 | 6.0 | 13.4 | 7.2 | 13.0 | 19.6 | 13.7 | 6.8 | 17 |
| Federal government; total mortgages held by Ginnie Mae; asset | FA313065015 | -0.3 | -0.2 | -0.3 | -0.2 | -0.3 | -0.2 | -0.2 | -0.2 | -0.8 | 18 |
| Federal government; total mortgages Federal Farmers Home Administration (FmHA), excluding one-to-four-family residential mortgages held by the Federal Financing Bank; asset (2) | FA313065075 | 0.1 | 2.5 | 3.4 | 4.4 | 2.1 | 4.3 | 3.1 | 8.0 | 4.2 | 19 |
| Federal government; total mortgages held by FHA; asset | FA313065035 | 0.9 | 1.1 | 2.9 | 9.2 | 5.4 | 9.0 | 16.7 | 5.9 | 3.4 | 20 |
| Federal government; total mortgages held by FDIC; asset | FA313065065 | -0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.0 | -0.0 | 0.0 | 0.0 | 21 |
| Federal government; total mortgages held by Federal Financing Bank, Public Housing Administration (PHA), RTC, and VA; asset (3) | FA313065095 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 22 |
| State and local governments; total mortgages; asset | FA213065005 | -1.9 | 5.0 | 7.7 | 7.7 | 7.7 | 7.7 | 7.6 | 7.7 | 7.8 | 23 |
| Private depository institutions; total mortgages; asset | FA703065005 | 214.7 | 87.7 | 212.6 | 622.6 | 376.8 | 819.9 | 756.6 | 537.0 | 172.9 | 24 |
| U.S.-chartered depository institutions; total mortgages; asset | FA763065005 | 171.8 | 41.1 | 146.5 | 518.6 | 296.3 | 692.8 | 627.3 | 458.1 | 166.0 | 25 |
| Foreign banking offices in the U.S.; total mortgages; asset | FA753065005 | 2.8 | 0.6 | 10.1 | 14.3 | 15.3 | 17.3 | 13.6 | 11.0 | -0.7 | 26 |
| Banks in U.S.-affiliated areas; total mortgages; asset | FA743065003 | -1.5 | 0.3 | -1.5 | 0.3 | -0.4 | -0.0 | 1.6 | 0.1 | -2.5 | 27 |
| Credit unions; one-to-four-family residential mortgages; asset | FA473065100 | 41.6 | 45.6 | 57.5 | 89.3 | 65.6 | 109.8 | 114.2 | 67.8 | 10.1 | 28 |
| Property-casualty insurance companies; commercial mortgages, including those held by U.S. residual market reinsurers; asset | FA513065505 | 2.4 | 1.4 | 3.4 | 2.7 | 7.7 | 3.1 | 2.0 | -1.8 | 0.4 | 29 |
| Life insurance companies; total mortgages; asset | FA543065005 | 51.1 | 25.5 | 46.2 | 66.2 | 88.8 | 80.6 | 44.6 | 50.7 | 48.9 | 30 |
| Private pension funds; total mortgages; asset | FA573065005 | -0.6 | 1.2 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 | 0.5 | 31 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -1.5 | -0.8 | -0.2 | -0.5 | -0.9 | 10.3 | -7.6 | -3.6 | -0.5 | 32 |
| Government-sponsored enterprises; total mortgages; asset | FA403065005 | 180.0 | 632.9 | 783.1 | 400.9 | 806.2 | 411.4 | 239.7 | 146.5 | 64.1 | 33 |
| Government-sponsored enterprises; total mortgages held by Fannie Mae (includes all GSEs before 2000:Q4); asset | FA403065015 | 77.5 | 290.4 | 309.6 | 177.5 | 377.7 | 221.6 | 43.5 | 67.2 | 7.8 | 34 |
| Government-sponsored enterprises; total mortgages held by Freddie Mac; asset | FA403065025 | 85.1 | 335.3 | 462.9 | 213.7 | 415.7 | 176.5 | 189.2 | 73.3 | 58.3 | 35 |
| Government-sponsored enterprises; total mortgages held by Farm Credit System; asset | FA403065045 | 6.0 | 14.9 | 16.9 | 8.4 | 8.0 | 10.3 | 8.4 | 7.0 | -6.8 | 36 |
| Government-sponsored enterprises; total mortgages held by FHLB; asset | FA403065035 | 9.9 | -9.7 | -7.3 | 0.6 | 4.1 | 1.2 | -1.0 | -1.8 | 5.1 | 37 |
| Government-sponsored enterprises; farm mortgages held by Farmer Mac; asset | FA403065653 | 1.4 | 1.9 | 1.1 | 0.7 | 0.7 | 1.7 | -0.4 | 0.8 | -0.4 | 38 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 113.8 | 22.3 | 73.5 | 186.1 | 152.6 | 201.0 | 209.3 | 181.7 | 139.7 | 39 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Ginnie Mae pool; asset | FA413065015 | 75.3 | -14.2 | 45.8 | 187.9 | 153.0 | 193.0 | 215.5 | 190.0 | 151.8 | 40 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Freddie Mac pool; asset | FA413065025 | 39.9 | 37.7 | 28.0 | -1.6 | -0.3 | 8.0 | -6.0 | -8.0 | -11.9 | 41 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Fannie Mae pool; asset | FA413065045 | -1.1 | -1.1 | -0.6 | -0.1 | -0.1 | -0.0 | -0.2 | -0.2 | -0.2 | 42 |
| Agency-and GSE-backed mortgage pools; farm mortgages held in a Farmer Mac pool; asset | FA413065653 | -0.4 | -0.2 | 0.3 | -0.1 | -0.0 | 0.0 | -0.0 | -0.2 | -0.0 | 43 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Federal Farmers Home Administration (FmHA) pool, excluding one-to-four-family residential mortgages held by the Federal Financing Bank; asset (2) | FA413065035 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 44 |
| Issuers of asset-backed securities; total mortgages; asset | FA673065005 | 8.0 | -9.9 | 57.6 | 11.9 | 81.2 | 36.5 | 18.2 | -88.3 | 76.3 | 45 |
| Finance companies; total mortgages; asset | FA613065000 | 2.5 | -7.2 | -5.8 | -3.2 | -14.4 | -0.3 | -0.6 | 2.2 | -10.1 | 46 |
| Real estate investment trusts; total mortgages; asset | FA643065005 | 18.9 | -8.2 | 64.6 | 17.4 | 41.4 | 37.4 | -22.9 | 13.6 | 20.9 | 47 |
NOTES
- Sum of one-to-four-family residential mortgages (table L.218), multifamily residential mortgages (table L.219), commercial mortgages (table L.220), and farm mortgages (table L.221).
- FmHA-guaranteed securities sold to the Federal Financing Bank were reallocated from FmHA mortgage pools to FmHA mortgage holdings in 1986:Q4 because of accounting changes by the Farmers Home Administration.
- Other includes Department of Veterans Affairs, Federal Financing Bank, Public Housing Administration, and Resolution Trust Corporation.
Last Update: June 8, 2023