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 692.1 231.0 200.1 15.1 133.8 133.7 280.2 47.1 209.9 17.9
1991 534.4 205.4 174.5 -8.8 -78.7 -52.9 316.6 91.2 182.5 10.1
1992 549.5 200.8 173.0 9.2 -11.6 14.7 343.8 16.5 231.1 16.9
1993 713.6 247.1 156.4 61.4 115.3 135.3 293.2 57.9 351.8 62.0
1994 689.7 324.7 166.8 135.0 217.0 201.7 193.5 -45.5 460.1 -14.5
1995 678.4 323.1 154.1 147.0 241.8 195.5 174.2 -60.8 463.9 75.3
1996 766.4 349.2 205.1 105.7 246.7 173.6 191.1 -20.5 563.4 85.5
1997 881.8 347.3 215.2 70.3 420.3 315.7 63.4 50.8 565.7 71.4
1998 1139.6 454.4 302.2 97.1 629.8 447.1 -11.4 66.8 1031.3 37.6
1999 1146.8 570.2 375.7 112.4 569.4 372.2 -30.1 37.3 1099.2 25.1
2000 868.1 579.4 382.2 176.5 546.8 350.9 -275.0 16.9 870.5 57.2
2001 1126.3 643.7 506.6 150.6 322.0 158.2 55.2 105.5 950.7 -10.5
2002 1377.6 776.4 704.5 105.2 174.6 17.3 282.1 144.6 819.2 62.3
2003 1697.4 1063.1 869.8 105.9 93.0 18.2 420.7 120.5 1160.5 16.5
2004 2152.7 1106.0 930.1 117.2 461.1 207.1 402.8 182.8 1027.8 91.7
2005 2305.5 1173.0 1062.3 100.4 620.9 282.3 346.9 164.7 1105.4 99.2
2006 2440.2 1278.2 997.0 120.1 826.3 412.0 219.1 116.6 1452.2 284.2
2007 2522.2 924.1 708.5 150.2 1152.4 686.4 270.4 175.4 2018.9 252.0
2008 1997.8 46.8 89.7 34.3 607.6 282.4 1302.5 40.8 722.2 -203.2
2009 1298.8 62.4 95.3 -94.6 -411.6 -314.1 1505.8 142.2 -1752.0 227.5
2010 1536.5 -126.4 -156.2 -28.2 -72.5 -53.2 1645.9 89.5 -670.7 188.2
2011 1428.5 38.9 -55.7 109.4 283.7 341.9 1138.7 -32.7 -470.3 161.9
2012 1832.6 31.7 -106.5 158.7 620.3 444.4 1180.6 -0.1 -188.9 204.3
2013 1733.8 300.8 -23.7 177.6 579.3 470.0 857.3 -3.6 214.1 245.1
2014 1647.4 149.4 -4.3 219.1 829.7 545.0 735.9 -67.6 280.2 256.0
2015 1990.4 354.6 108.2 233.5 893.5 642.0 724.6 17.7 203.8 -20.8
2016 1999.5 439.4 186.1 236.2 683.1 294.7 842.7 34.4 373.5 39.7
2017 2048.0 571.5 286.2 194.3 877.1 413.3 598.6 0.7 333.3 371.1
2018 2374.6 481.4 287.8 172.7 672.0 379.0 1258.1 -36.9 257.9 244.3
2019 2485.6 546.7 285.5 185.1 763.0 649.4 1174.9 1.0 403.4 70.9
2020 6848.1 575.0 400.0 -12.0 1595.3 1069.2 4581.2 96.6 962.0 103.5
2021 3877.0 1217.2 790.0 237.8 904.8 536.7 1683.4 71.5 866.6 633.6
2022 3722.7 1144.3 821.5 345.7 1081.4 542.2 1546.9 -49.9 1599.6 306.7
2023 3570.8 517.0 366.7 130.1 410.0 246.3 2620.4 23.3 358.8 161.4
2024 3466.9 612.5 372.8 100.6 610.8 428.9 2144.9 98.7 557.2 326.8
2019:Q1 2282.9 381.8 237.2 179.7 1043.1 928.9 923.1 -65.2 279.5 -189.8
2019:Q2 2025.9 652.9 331.4 168.1 673.0 557.5 754.8 -54.8 527.6 362.8
2019:Q3 3465.5 584.4 315.8 209.3 950.5 848.9 1904.6 26.1 672.2 73.3
2019:Q4 2167.9 567.6 257.6 183.5 385.5 262.4 1116.9 97.9 134.3 37.1
2020:Q1 5729.0 556.8 293.9 36.8 3376.6 3039.4 1762.8 32.9 4612.3 -386.6
2020:Q2 15337.9 -76.4 262.9 -275.4 2714.3 1895.9 12586.2 113.9 -1857.4 186.5
2020:Q3 2813.6 891.5 559.8 109.2 49.4 -416.8 1691.9 180.8 -1.2 28.6
2020:Q4 3511.8 928.0 483.5 81.3 241.0 -241.9 2283.8 59.0 1094.1 585.6
2021:Q1 3045.3 983.8 560.1 162.4 877.1 495.9 1075.6 108.8 1004.2 984.5
2021:Q2 4546.5 1274.3 851.6 293.9 490.5 311.9 2677.5 104.2 861.4 379.1
2021:Q3 2258.6 1249.8 853.5 231.4 891.6 676.6 18.9 98.2 867.9 935.1
2021:Q4 5657.7 1361.0 895.0 263.6 1360.1 662.4 2961.7 -25.1 732.8 235.6
2022:Q1 5475.3 1491.0 1041.2 345.5 1475.3 904.8 2586.3 -77.2 2283.4 483.3
2022:Q2 4223.2 1367.3 1043.4 401.2 1357.8 781.9 1443.1 55.0 1188.1 406.6
2022:Q3 3072.9 1159.7 788.4 314.2 824.7 341.6 1101.2 -12.7 1066.1 494.9
2022:Q4 2119.2 559.3 413.0 322.0 667.7 140.5 1057.0 -164.8 1860.8 -158.1
2023:Q1 2605.5 451.9 351.6 200.4 917.2 641.9 1195.3 41.1 2368.5 130.6
2023:Q2 4440.3 585.7 379.3 164.2 322.0 196.2 3440.4 92.2 -1231.0 221.6
2023:Q3 3835.5 599.6 462.6 19.1 272.6 152.0 2968.3 -4.9 -454.9 130.0
2023:Q4 3402.0 431.0 273.4 136.8 128.2 -4.9 2877.8 -35.1 752.5 163.3
2024:Q1 3369.7 598.8 286.8 100.6 841.6 696.1 1827.9 101.3 376.1 216.9
2024:Q2 3491.5 583.0 433.2 57.1 821.4 649.1 1887.8 199.2 52.9 626.5
2024:Q3 3602.4 588.7 430.0 121.2 614.2 446.4 2261.0 138.5 1665.7 163.2
2024:Q4 3404.2 679.6 341.3 123.3 165.9 -75.9 2602.9 -44.3 134.3 300.5
2025:Q1 2162.2 374.5 311.1 66.9 1023.4 866.3 617.7 146.6 1229.5 621.6

NOTES

  1. Debt securities and loans.
Last Update: June 12, 2025