Financial Accounts of the United States - Z.1

Changes in Net Worth: Households and Nonprofits
Trillions of Dollars
date Corporate Equity Real Estate Debt Securities Other
2015:Q1 0.41 0.33 0.12 0.78
2015:Q2 0.07 0.44 -0.13 0.42
2015:Q3 -1.99 0.44 0.32 0.27
2015:Q4 0.99 0.33 -0.24 0.42
2016:Q1 0.23 0.28 0.23 0.40
2016:Q2 0.55 0.53 0.25 0.39
2016:Q3 0.75 0.51 -0.06 0.50
2016:Q4 0.39 0.40 -0.29 0.17
2017:Q1 1.45 0.42 0.09 0.41
2017:Q2 0.81 0.52 0.23 0.63
2017:Q3 0.96 0.51 0.04 0.20
2017:Q4 1.61 0.40 0.11 0.46
2018:Q1 -0.24 0.62 0.09 0.58
2018:Q2 0.46 0.39 0.18 0.21
2018:Q3 1.32 0.36 0.27 0.05
2018:Q4 -4.42 0.27 0.09 0.32
2019:Q1 4.07 0.49 0.38 1.10
2019:Q2 0.93 0.38 0.48 0.45
2019:Q3 -0.21 0.28 0.22 0.45
2019:Q4 2.44 0.34 0.02 0.57
2020:Q1 -7.87 0.65 -0.44 1.59
2020:Q2 5.85 0.73 -0.03 1.31
2020:Q3 2.90 0.77 0.10 0.67
2020:Q4 5.77 0.96 0.23 1.26
2021:Q1 3.13 1.29 -0.61 1.52
2021:Q2 3.56 2.20 0.06 0.93
2021:Q3 0.27 1.71 0.19 1.44
2021:Q4 2.48 0.72 -0.21 1.32
2022:Q1 -2.37 3.64 -0.23 0.53
2022:Q2 -7.92 2.28 -0.22 0.18
2022:Q3 -1.80 -1.30 0.26 -0.64
2022:Q4 2.35 -0.93 0.87 -1.18
2023:Q1 2.48 -0.05 0.72 0.07
2023:Q2 2.62 2.22 0.07 0.61
2023:Q3 -1.66 0.51 -0.05 -0.06
2023:Q4 4.31 -0.36 0.55 -0.36
2024:Q1 4.22 2.07 0.02 0.22
2024:Q2 1.04 1.80 0.17 0.11
2024:Q3 3.48 -0.22 0.51 0.36
2024:Q4 0.60 -0.41 -0.19 0.82
2025:Q1 -2.35 -0.14 0.15 0.63
2025:Q2 4.90 1.32 0.13 0.77

Chart | CSV | Data Dictionary

Assets, Liabilities, and Net Worth
Trillions of Dollars
date Assets Liabilities
2000:Q1 51.28 6.95
2000:Q2 51.49 7.09
2000:Q3 52.32 7.28
2000:Q4 51.90 7.42
2001:Q1 51.76 7.47
2001:Q2 53.25 7.67
2001:Q3 52.46 7.93
2001:Q4 54.08 8.06
2002:Q1 54.90 8.19
2002:Q2 54.49 8.38
2002:Q3 53.61 8.60
2002:Q4 54.79 8.85
2003:Q1 55.24 9.04
2003:Q2 57.53 9.43
2003:Q3 58.69 9.69
2003:Q4 60.86 9.94
2004:Q1 63.55 10.14
2004:Q2 64.76 10.45
2004:Q3 66.28 10.73
2004:Q4 68.87 11.09
2005:Q1 70.00 11.30
2005:Q2 71.86 11.63
2005:Q3 73.91 11.98
2005:Q4 75.62 12.28
2006:Q1 77.99 12.64
2006:Q2 78.62 13.00
2006:Q3 80.08 13.33
2006:Q4 81.85 13.59
2007:Q1 82.96 13.77
2007:Q2 83.96 14.07
2007:Q3 85.01 14.31
2007:Q4 84.39 14.50
2008:Q1 82.34 14.64
2008:Q2 81.21 14.59
2008:Q3 78.90 14.73
2008:Q4 75.47 14.45
2009:Q1 73.54 14.36
2009:Q2 73.92 14.34
2009:Q3 75.68 14.33
2009:Q4 75.81 14.33
2010:Q1 76.93 14.22
2010:Q2 76.33 14.16
2010:Q3 78.32 14.08
2010:Q4 79.98 14.07
2011:Q1 81.07 14.05
2011:Q2 81.43 14.00
2011:Q3 79.53 13.99
2011:Q4 80.96 13.98
2012:Q1 82.89 13.92
2012:Q2 82.98 13.90
2012:Q3 84.91 13.90
2012:Q4 85.91 13.88
2013:Q1 88.70 13.84
2013:Q2 89.96 13.86
2013:Q3 92.55 13.92
2013:Q4 94.94 14.09
2014:Q1 96.63 14.08
2014:Q2 98.89 14.16
2014:Q3 99.56 14.15
2014:Q4 101.19 14.22
2015:Q1 102.81 14.19
2015:Q2 103.74 14.32
2015:Q3 102.90 14.44
2015:Q4 104.39 14.45
2016:Q1 105.56 14.47
2016:Q2 107.42 14.60
2016:Q3 109.29 14.77
2016:Q4 110.07 14.87
2017:Q1 112.48 14.92
2017:Q2 114.83 15.08
2017:Q3 116.69 15.23
2017:Q4 119.45 15.42
2018:Q1 120.56 15.47
2018:Q2 121.93 15.60
2018:Q3 124.09 15.76
2018:Q4 120.47 15.90
2019:Q1 126.55 15.93
2019:Q2 129.00 16.13
2019:Q3 129.94 16.33
2019:Q4 133.50 16.53
2020:Q1 127.46 16.56
2020:Q2 135.32 16.56
2020:Q3 140.01 16.82
2020:Q4 148.50 17.09
2021:Q1 153.99 17.26
2021:Q2 161.46 17.98
2021:Q3 165.42 18.32
2021:Q4 170.11 18.71
2022:Q1 171.98 19.00
2022:Q2 166.66 19.37
2022:Q3 163.51 19.69
2022:Q4 164.83 19.90
2023:Q1 168.08 19.93
2023:Q2 173.77 20.10
2023:Q3 172.69 20.28
2023:Q4 176.98 20.44
2024:Q1 183.59 20.52
2024:Q2 186.86 20.67
2024:Q3 191.17 20.85
2024:Q4 191.94 20.80
2025:Q1 190.24 20.80
2025:Q2 197.54 20.99

Chart | CSV | Data Dictionary

Nonfinancial U.S. Debt
Trillions of Dollars
date Household Business Federal State & Local
2000:Q1 6.85 6.39 4.31 1.20
2000:Q2 6.97 6.56 4.21 1.19
2000:Q3 7.14 6.66 4.14 1.20
2000:Q4 7.25 6.77 4.09 1.21
2001:Q1 7.37 6.81 4.12 1.24
2001:Q2 7.55 6.94 4.03 1.26
2001:Q3 7.79 7.01 4.10 1.29
2001:Q4 7.89 7.07 4.15 1.32
2002:Q1 8.08 7.13 4.16 1.34
2002:Q2 8.23 7.16 4.26 1.38
2002:Q3 8.44 7.20 4.36 1.42
2002:Q4 8.67 7.25 4.43 1.46
2003:Q1 8.89 7.26 4.47 1.49
2003:Q2 9.25 7.28 4.64 1.53
2003:Q3 9.49 7.34 4.75 1.56
2003:Q4 9.75 7.36 4.85 1.59
2004:Q1 9.99 7.50 4.91 2.36
2004:Q2 10.28 7.57 5.08 2.42
2004:Q3 10.53 7.70 5.17 2.47
2004:Q4 10.88 7.84 5.25 2.51
2005:Q1 11.12 7.99 5.35 2.56
2005:Q2 11.44 8.15 5.45 2.60
2005:Q3 11.76 8.27 5.50 2.65
2005:Q4 12.05 8.46 5.58 2.67
2006:Q1 12.45 8.68 5.69 2.67
2006:Q2 12.81 8.90 5.77 2.71
2006:Q3 13.09 9.05 5.77 2.75
2006:Q4 13.35 9.29 5.80 2.79
2007:Q1 13.55 9.54 5.93 2.85
2007:Q2 13.86 9.85 5.94 2.91
2007:Q3 14.06 10.17 5.99 2.94
2007:Q4 14.24 10.45 6.07 2.97
2008:Q1 14.41 10.66 6.24 3.00
2008:Q2 14.36 10.87 6.33 3.02
2008:Q3 14.47 11.01 6.82 3.03
2008:Q4 14.16 11.04 7.38 3.02
2009:Q1 14.11 10.98 7.79 3.06
2009:Q2 14.08 10.88 8.25 3.10
2009:Q3 14.04 10.74 8.64 3.13
2009:Q4 14.00 10.54 8.88 3.17
2010:Q1 13.95 10.51 9.30 3.20
2010:Q2 13.89 10.44 9.80 3.20
2010:Q3 13.79 10.48 10.22 3.22
2010:Q4 13.77 10.41 10.53 3.27
2011:Q1 13.79 10.42 10.72 3.24
2011:Q2 13.74 10.50 11.00 3.22
2011:Q3 13.69 10.58 11.40 3.23
2011:Q4 13.66 10.68 11.67 3.24
2012:Q1 13.66 10.77 12.00 3.25
2012:Q2 13.62 10.88 12.39 3.27
2012:Q3 13.59 11.06 12.64 3.28
2012:Q4 13.55 11.26 12.85 3.26
2013:Q1 13.58 11.33 13.15 3.26
2013:Q2 13.60 11.50 13.26 3.25
2013:Q3 13.61 11.69 13.41 3.23
2013:Q4 13.77 11.83 13.71 3.27
2014:Q1 13.83 12.02 13.92 3.26
2014:Q2 13.88 12.21 14.09 3.25
2014:Q3 13.82 12.40 14.31 3.20
2014:Q4 13.87 12.65 14.44 3.21
2015:Q1 13.92 12.88 14.50 3.22
2015:Q2 14.03 13.16 14.71 3.23
2015:Q3 14.10 13.35 14.78 3.24
2015:Q4 14.08 13.51 15.17 3.24
2016:Q1 14.17 13.80 15.38 3.25
2016:Q2 14.29 13.94 15.62 3.27
2016:Q3 14.41 14.12 15.85 3.28
2016:Q4 14.49 14.18 16.01 3.28
2017:Q1 14.62 14.46 15.98 3.26
2017:Q2 14.76 14.71 16.19 3.26
2017:Q3 14.86 14.92 16.44 3.26
2017:Q4 15.03 15.20 16.61 3.29
2018:Q1 15.16 15.37 17.04 3.27
2018:Q2 15.27 15.82 17.34 3.27
2018:Q3 15.39 16.01 17.60 3.27
2018:Q4 15.50 16.20 17.87 3.25
2019:Q1 15.60 16.44 18.10 3.23
2019:Q2 15.77 16.60 18.28 3.22
2019:Q3 15.93 16.82 18.76 3.23
2019:Q4 16.08 16.91 19.04 3.25
2020:Q1 16.19 17.75 19.50 3.26
2020:Q2 16.17 18.43 22.54 3.29
2020:Q3 16.39 18.44 23.05 3.34
2020:Q4 16.62 18.50 23.62 3.36
2021:Q1 16.86 18.72 23.93 3.38
2021:Q2 17.55 19.04 24.47 3.41
2021:Q3 17.86 19.26 24.58 3.43
2021:Q4 18.20 19.61 25.30 3.42
2022:Q1 18.57 19.98 26.01 3.40
2022:Q2 18.91 20.33 26.23 3.42
2022:Q3 19.20 20.54 26.62 3.42
2022:Q4 19.36 20.64 26.85 3.38
2023:Q1 19.48 20.86 27.23 3.39
2023:Q2 19.62 20.94 27.92 3.41
2023:Q3 19.77 21.01 28.80 3.41
2023:Q4 19.88 21.04 29.47 3.40
2024:Q1 20.03 21.25 30.02 3.41
2024:Q2 20.17 21.46 30.31 3.46
2024:Q3 20.31 21.63 31.02 3.50
2024:Q4 20.20 21.56 31.62 3.49
2025:Q1 20.29 21.74 31.88 3.52
2025:Q2 20.45 21.91 32.00 3.60

Chart | CSV | Data Dictionary

Nonfinancial U.S. Debt as a Share of GDP
Percent of GDP
date Household Business Federal State & Local
1952:Q1 23.82 29.30 62.89 7.13
1952:Q2 24.66 29.83 63.02 7.86
1952:Q3 24.99 29.95 62.32 8.04
1952:Q4 25.10 29.55 60.35 8.09
1953:Q1 25.71 29.46 59.52 8.25
1953:Q2 26.34 29.64 59.32 8.49
1953:Q3 26.99 30.10 60.61 8.82
1953:Q4 28.02 30.47 61.50 9.27
1954:Q1 28.54 30.92 61.60 9.62
1954:Q2 29.18 31.16 61.66 9.94
1954:Q3 29.66 31.33 60.85 10.16
1954:Q4 30.13 30.96 60.09 10.28
1955:Q1 30.44 30.38 58.00 10.28
1955:Q2 31.23 30.57 56.84 10.38
1955:Q3 31.81 30.64 55.68 10.46
1955:Q4 32.39 31.13 54.93 10.56
1956:Q1 33.12 31.66 54.35 10.75
1956:Q2 33.52 32.06 52.76 10.85
1956:Q3 33.82 32.39 52.02 10.95
1956:Q4 33.97 32.34 51.04 10.94
1957:Q1 34.06 32.35 50.29 10.94
1957:Q2 34.66 32.98 49.18 11.12
1957:Q3 34.71 33.04 48.88 11.20
1957:Q4 35.50 33.91 49.12 11.59
1958:Q1 36.40 34.95 50.30 12.06
1958:Q2 36.51 35.06 50.75 12.25
1958:Q3 36.12 34.63 49.11 12.17
1958:Q4 36.11 34.46 48.72 12.14
1959:Q1 36.28 34.26 48.13 12.17
1959:Q2 36.48 34.43 47.43 12.18
1959:Q3 37.43 34.91 47.72 12.45
1959:Q4 38.27 35.36 47.52 12.62
1960:Q1 37.95 35.13 46.07 12.56
1960:Q2 39.02 35.97 46.14 12.86
1960:Q3 39.48 36.13 45.78 13.01
1960:Q4 40.70 37.14 46.29 13.37
1961:Q1 40.99 37.25 45.93 13.51
1961:Q2 41.01 37.15 45.42 13.45
1961:Q3 40.83 36.97 45.19 13.44
1961:Q4 40.97 36.98 44.47 13.40
1962:Q1 40.74 36.69 43.89 13.39
1962:Q2 41.19 37.16 43.74 13.48
1962:Q3 41.59 37.34 43.07 13.49
1962:Q4 42.42 38.02 43.45 13.68
1963:Q1 42.71 38.07 43.12 13.68
1963:Q2 43.36 38.33 42.92 13.78
1963:Q3 43.50 38.13 41.79 13.64
1963:Q4 44.07 38.56 41.44 13.65
1964:Q1 44.07 38.26 40.66 13.51
1964:Q2 44.59 38.61 40.36 13.59
1964:Q3 44.70 38.70 39.89 13.58
1964:Q4 45.48 39.32 39.91 13.71
1965:Q1 45.12 39.20 38.90 13.57
1965:Q2 45.35 39.56 38.26 13.63
1965:Q3 45.09 39.53 37.03 13.54
1965:Q4 44.81 39.36 36.44 13.37
1966:Q1 44.30 39.38 35.53 13.18
1966:Q2 44.68 40.23 35.09 13.29
1966:Q3 44.34 40.49 34.44 13.24
1966:Q4 44.21 40.59 34.33 13.20
1967:Q1 44.04 41.05 34.28 13.21
1967:Q2 44.35 41.92 33.67 13.38
1967:Q3 44.19 42.08 33.78 13.37
1967:Q4 45.64 42.07 34.08 13.32
1968:Q1 43.73 41.89 33.76 13.10
1968:Q2 43.66 41.87 32.97 12.96
1968:Q3 43.66 42.23 32.99 12.94
1968:Q4 44.08 42.70 32.46 13.03
1969:Q1 43.25 42.74 31.75 13.10
1969:Q2 43.43 43.49 30.46 13.22
1969:Q3 43.07 43.83 30.10 13.22
1969:Q4 43.66 44.52 30.11 13.32
1970:Q1 42.93 45.20 29.92 13.35
1970:Q2 42.53 45.94 29.71 13.45
1970:Q3 42.30 46.29 29.79 13.44
1970:Q4 42.91 47.21 30.04 13.81
1971:Q1 41.90 46.28 28.98 13.63
1971:Q2 41.96 46.75 29.34 13.74
1971:Q3 42.12 47.10 29.50 13.81
1971:Q4 42.96 47.59 29.80 14.01
1972:Q1 42.64 47.36 28.95 13.91
1972:Q2 42.65 47.44 28.29 13.77
1972:Q3 42.86 47.83 28.22 13.75
1972:Q4 42.99 48.11 28.05 13.60
1973:Q1 42.87 48.33 27.45 13.37
1973:Q2 42.76 49.00 26.85 13.23
1973:Q3 43.29 50.09 26.44 13.28
1973:Q4 43.13 49.89 25.86 13.19
1974:Q1 43.53 51.06 25.61 13.36
1974:Q2 43.41 51.67 25.20 13.24
1974:Q3 43.52 52.18 25.01 13.22
1974:Q4 43.23 52.04 24.78 13.02
1975:Q1 43.33 52.18 25.54 13.02
1975:Q2 42.88 51.54 26.67 12.87
1975:Q3 42.35 50.29 27.17 12.52
1975:Q4 42.43 49.24 27.58 12.45
1976:Q1 42.17 48.38 27.79 12.36
1976:Q2 42.55 48.47 28.52 12.49
1976:Q3 42.84 48.61 28.99 12.47
1976:Q4 43.23 48.46 28.94 12.30
1977:Q1 43.49 48.56 28.78 12.09
1977:Q2 43.68 48.29 28.24 11.99
1977:Q3 43.96 48.14 28.68 11.88
1977:Q4 44.66 48.72 28.77 11.84
1978:Q1 45.52 49.28 28.92 12.05
1978:Q2 44.90 48.07 27.92 11.79
1978:Q3 45.46 48.09 28.09 11.87
1978:Q4 45.54 47.95 27.54 11.93
1979:Q1 46.32 48.48 27.11 12.00
1979:Q2 46.75 49.01 26.77 11.95
1979:Q3 47.07 49.19 26.79 11.87
1979:Q4 47.61 49.45 26.65 11.83
1980:Q1 47.98 49.71 26.51 11.75
1980:Q2 48.33 50.31 27.43 11.90
1980:Q3 48.35 50.22 27.70 11.86
1980:Q4 47.57 49.50 27.20 11.54
1981:Q1 46.17 48.40 26.96 11.24
1981:Q2 46.64 49.62 27.22 11.25
1981:Q3 45.97 49.70 26.89 11.17
1981:Q4 46.53 50.64 27.67 11.34
1982:Q1 47.19 52.01 28.76 11.69
1982:Q2 46.95 52.50 29.02 11.82
1982:Q3 46.56 53.26 30.42 11.99
1982:Q4 46.96 53.22 31.77 12.16
1983:Q1 46.30 53.58 33.00 12.22
1983:Q2 46.17 53.08 33.73 12.30
1983:Q3 46.10 52.82 34.12 12.20
1983:Q4 46.37 52.68 33.75 12.15
1984:Q1 46.39 53.10 34.39 12.75
1984:Q2 46.64 53.94 34.66 12.82
1984:Q3 46.90 54.84 35.53 13.09
1984:Q4 47.67 56.06 36.07 13.20
1985:Q1 49.14 56.34 37.05 13.56
1985:Q2 49.89 57.03 37.91 14.02
1985:Q3 50.69 57.13 38.48 14.28
1985:Q4 52.42 58.01 39.65 16.20
1986:Q1 52.88 58.62 40.18 16.06
1986:Q2 53.60 59.76 41.49 16.67
1986:Q3 54.56 60.61 42.31 16.71
1986:Q4 55.66 61.73 43.10 17.01
1987:Q1 55.62 62.23 43.29 17.47
1987:Q2 56.32 62.26 43.72 17.48
1987:Q3 56.80 62.62 43.66 17.59
1987:Q4 56.29 62.63 43.56 17.54
1988:Q1 57.06 63.22 43.99 17.49
1988:Q2 57.18 63.32 43.88 17.31
1988:Q3 57.51 63.45 44.01 17.21
1988:Q4 57.45 63.69 43.89 17.11
1989:Q1 57.47 63.64 43.86 16.90
1989:Q2 57.76 63.77 43.73 16.73
1989:Q3 58.19 63.55 43.90 16.69
1989:Q4 58.92 64.03 44.38 16.85
1990:Q1 59.26 63.58 44.59 16.80
1990:Q2 59.43 63.23 45.00 16.69
1990:Q3 59.75 63.09 45.78 16.62
1990:Q4 60.72 63.48 47.14 16.84
1991:Q1 61.34 62.79 47.87 16.94
1991:Q2 61.34 61.85 48.33 16.92
1991:Q3 61.05 60.56 49.35 17.11
1991:Q4 61.54 59.48 50.24 17.54
1992:Q1 61.40 58.61 50.89 17.25
1992:Q2 60.96 57.52 51.44 17.04
1992:Q3 60.86 56.72 52.14 16.99
1992:Q4 60.71 55.65 52.26 16.65
1993:Q1 60.90 55.50 52.75 16.76
1993:Q2 61.08 55.35 53.48 16.85
1993:Q3 61.47 55.30 53.90 16.96
1993:Q4 61.39 54.83 53.96 16.65
1994:Q1 61.53 54.94 53.54 16.33
1994:Q2 61.49 54.63 53.53 15.78
1994:Q3 61.77 54.76 53.62 15.58
1994:Q4 62.11 54.58 53.36 15.04
1995:Q1 62.53 55.03 53.37 14.70
1995:Q2 63.13 55.59 54.32 14.38
1995:Q3 63.51 55.48 54.00 14.01
1995:Q4 63.73 55.66 53.42 13.63
1996:Q1 64.50 55.59 53.57 13.40
1996:Q2 64.31 55.42 53.28 13.08
1996:Q3 64.40 55.56 53.22 12.81
1996:Q4 64.37 55.22 52.58 12.58
1997:Q1 64.53 55.59 52.25 12.48
1997:Q2 64.32 55.73 51.60 12.34
1997:Q3 64.37 56.30 50.97 12.36
1997:Q4 64.53 56.88 50.27 12.43
1998:Q1 65.02 58.02 49.71 12.46
1998:Q2 65.65 59.34 49.45 12.52
1998:Q3 65.55 59.98 48.30 12.49
1998:Q4 65.75 60.43 47.29 12.44
1999:Q1 66.43 61.46 46.54 12.46
1999:Q2 67.12 61.83 45.97 12.36
1999:Q3 67.43 62.94 44.98 12.31
1999:Q4 67.48 62.83 44.09 12.07
2000:Q1 68.44 63.87 43.14 12.00
2000:Q2 68.05 63.99 41.13 11.64
2000:Q3 69.20 64.51 40.16 11.67
2000:Q4 69.46 64.84 39.19 11.62
2001:Q1 70.39 65.06 39.38 11.89
2001:Q2 71.26 65.47 38.03 11.93
2001:Q3 73.54 66.15 38.66 12.15
2001:Q4 74.03 66.34 38.88 12.38
2002:Q1 74.96 66.09 38.54 12.47
2002:Q2 75.63 65.81 39.13 12.67
2002:Q3 76.80 65.54 39.67 12.90
2002:Q4 78.37 65.51 40.02 13.22
2003:Q1 79.59 65.00 40.03 13.34
2003:Q2 81.78 64.38 41.00 13.57
2003:Q3 82.04 63.47 41.09 13.48
2003:Q4 82.82 62.49 41.18 13.47
2004:Q1 83.76 62.91 41.20 19.81
2004:Q2 84.88 62.53 41.95 19.97
2004:Q3 85.61 62.59 42.04 20.07
2004:Q4 86.86 62.60 41.92 20.00
2005:Q1 87.09 62.58 41.93 20.03
2005:Q2 88.53 63.05 42.15 20.13
2005:Q3 89.46 62.95 41.86 20.13
2005:Q4 90.46 63.51 41.91 20.06
2006:Q1 91.56 63.86 41.85 19.66
2006:Q2 93.12 64.70 41.95 19.71
2006:Q3 94.39 65.21 41.63 19.84
2006:Q4 95.07 66.18 41.34 19.89
2007:Q1 95.32 67.11 41.68 20.06
2007:Q2 96.22 68.41 41.24 20.20
2007:Q3 96.54 69.86 41.16 20.21
2007:Q4 96.79 71.01 41.28 20.20
2008:Q1 98.00 72.48 42.45 20.39
2008:Q2 96.62 73.09 42.57 20.31
2008:Q3 97.13 73.89 45.78 20.32
2008:Q4 96.96 75.60 50.50 20.68
2009:Q1 97.77 76.06 53.96 21.18
2009:Q2 97.93 75.65 57.38 21.56
2009:Q3 97.14 74.35 59.78 21.64
2009:Q4 95.58 71.92 60.63 21.61
2010:Q1 94.49 71.18 62.96 21.64
2010:Q2 92.74 69.71 65.39 21.37
2010:Q3 91.08 69.25 67.48 21.24
2010:Q4 89.95 67.97 68.77 21.33
2011:Q1 89.84 67.85 69.86 21.14
2011:Q2 88.32 67.51 70.70 20.73
2011:Q3 87.48 67.63 72.88 20.65
2011:Q4 86.24 67.42 73.65 20.46
2012:Q1 85.00 67.02 74.70 20.23
2012:Q2 84.07 67.16 76.42 20.19
2012:Q3 83.27 67.78 77.48 20.12
2012:Q4 82.54 68.60 78.24 19.83
2013:Q1 81.60 68.07 79.02 19.58
2013:Q2 81.29 68.72 79.27 19.40
2013:Q3 80.26 68.97 79.13 19.08
2013:Q4 80.07 68.80 79.72 19.00
2014:Q1 80.41 69.90 80.96 18.98
2014:Q2 79.24 69.67 80.43 18.56
2014:Q3 77.64 69.67 80.38 17.95
2014:Q4 77.41 70.65 80.62 17.89
2015:Q1 77.04 71.29 80.24 17.85
2015:Q2 76.73 71.99 80.45 17.68
2015:Q3 76.61 72.53 80.32 17.62
2015:Q4 76.36 73.27 82.26 17.56
2016:Q1 76.51 74.47 83.04 17.54
2016:Q2 76.35 74.52 83.50 17.47
2016:Q3 76.26 74.76 83.89 17.36
2016:Q4 75.89 74.31 83.86 17.18
2017:Q1 75.85 75.02 82.89 16.93
2017:Q2 75.93 75.69 83.28 16.79
2017:Q3 75.48 75.75 83.49 16.57
2017:Q4 75.02 75.85 82.88 16.44
2018:Q1 74.59 75.60 83.81 16.09
2018:Q2 74.19 76.86 84.27 15.90
2018:Q3 74.02 76.97 84.62 15.73
2018:Q4 74.09 77.42 85.41 15.54
2019:Q1 73.90 77.88 85.72 15.31
2019:Q2 73.72 77.57 85.45 15.05
2019:Q3 73.35 77.46 86.39 14.86
2019:Q4 73.31 77.08 86.81 14.82
2020:Q1 74.50 81.69 89.77 15.01
2020:Q2 81.09 92.44 113.07 16.52
2020:Q3 75.56 85.04 106.30 15.40
2020:Q4 75.29 83.83 107.03 15.21
2021:Q1 74.42 82.62 105.62 14.92
2021:Q2 75.10 81.47 104.72 14.57
2021:Q3 74.67 80.50 102.75 14.33
2021:Q4 73.46 79.16 102.13 13.80
2022:Q1 73.66 79.25 103.15 13.48
2022:Q2 73.29 78.80 101.62 13.25
2022:Q3 73.09 78.19 101.31 13.02
2022:Q4 72.43 77.19 100.44 12.64
2023:Q1 71.70 76.80 100.23 12.47
2023:Q2 71.47 76.28 101.71 12.41
2023:Q3 70.69 75.11 102.96 12.18
2023:Q4 70.24 74.35 104.15 12.00
2024:Q1 69.97 74.23 104.88 11.93
2024:Q2 69.50 73.95 104.47 11.94
2024:Q3 69.15 73.64 105.61 11.91
2024:Q4 67.96 72.52 106.37 11.74
2025:Q1 67.70 72.57 106.40 11.76
2025:Q2 67.37 72.18 105.42 11.85

Chart | CSV | Data Dictionary

Nonfinancial Corporate Debt Components
Trillions of Dollars
date Corporate Bonds Nonmortgage Depository Loans Mortgages Commercial Paper Other
2000:Q1 2.22 0.88 0.43 0.26 0.81
2000:Q2 2.25 0.90 0.45 0.30 0.83
2000:Q3 2.29 0.91 0.45 0.31 0.82
2000:Q4 2.32 0.92 0.46 0.28 0.86
2001:Q1 2.42 0.90 0.43 0.24 0.86
2001:Q2 2.54 0.87 0.44 0.21 0.88
2001:Q3 2.58 0.84 0.47 0.19 0.89
2001:Q4 2.62 0.81 0.50 0.18 0.86
2002:Q1 2.66 0.80 0.50 0.16 0.86
2002:Q2 2.70 0.75 0.52 0.14 0.87
2002:Q3 2.68 0.73 0.53 0.14 0.89
2002:Q4 2.69 0.71 0.57 0.12 0.90
2003:Q1 2.70 0.68 0.58 0.12 0.89
2003:Q2 2.75 0.65 0.60 0.10 0.90
2003:Q3 2.78 0.64 0.62 0.10 0.89
2003:Q4 2.79 0.63 0.62 0.08 0.90
2004:Q1 2.80 0.59 0.66 0.09 0.94
2004:Q2 2.78 0.60 0.69 0.10 0.96
2004:Q3 2.78 0.61 0.71 0.11 0.96
2004:Q4 2.78 0.63 0.74 0.10 1.00
2005:Q1 2.78 0.63 0.76 0.11 1.03
2005:Q2 2.76 0.64 0.81 0.11 1.07
2005:Q3 2.76 0.61 0.86 0.12 1.09
2005:Q4 2.75 0.61 0.93 0.09 1.15
2006:Q1 2.76 0.62 0.96 0.10 1.18
2006:Q2 2.79 0.62 0.98 0.11 1.25
2006:Q3 2.81 0.63 1.01 0.11 1.25
2006:Q4 2.83 0.63 1.04 0.11 1.33
2007:Q1 2.86 0.63 1.04 0.13 1.40
2007:Q2 2.91 0.63 1.07 0.15 1.51
2007:Q3 2.94 0.69 1.10 0.13 1.61
2007:Q4 2.97 0.74 1.12 0.12 1.69
2008:Q1 2.99 0.78 1.14 0.14 1.72
2008:Q2 3.06 0.78 1.14 0.14 1.78
2008:Q3 3.07 0.81 1.10 0.15 1.82
2008:Q4 3.09 0.80 1.07 0.13 1.82
2009:Q1 3.19 0.74 1.07 0.11 1.76
2009:Q2 3.25 0.68 1.05 0.09 1.74
2009:Q3 3.28 0.60 1.01 0.07 1.72
2009:Q4 3.31 0.57 0.98 0.06 1.62
2010:Q1 3.35 0.52 0.96 0.07 1.59
2010:Q2 3.38 0.48 0.91 0.08 1.57
2010:Q3 3.45 0.47 0.89 0.10 1.56
2010:Q4 3.49 0.50 0.89 0.08 1.46
2011:Q1 3.53 0.51 0.85 0.11 1.46
2011:Q2 3.58 0.53 0.83 0.11 1.50
2011:Q3 3.63 0.59 0.81 0.12 1.50
2011:Q4 3.67 0.64 0.81 0.12 1.53
2012:Q1 3.75 0.64 0.77 0.13 1.51
2012:Q2 3.82 0.68 0.74 0.13 1.52
2012:Q3 3.93 0.68 0.72 0.14 1.56
2012:Q4 4.05 0.73 0.72 0.13 1.54
2013:Q1 4.10 0.70 0.70 0.14 1.57
2013:Q2 4.16 0.72 0.72 0.15 1.62
2013:Q3 4.28 0.74 0.74 0.17 1.60
2013:Q4 4.34 0.78 0.74 0.14 1.62
2014:Q1 4.42 0.79 0.73 0.18 1.65
2014:Q2 4.51 0.83 0.73 0.19 1.64
2014:Q3 4.56 0.84 0.73 0.21 1.68
2014:Q4 4.66 0.89 0.75 0.18 1.70
2015:Q1 4.77 0.91 0.76 0.19 1.73
2015:Q2 4.94 0.95 0.79 0.18 1.73
2015:Q3 5.04 0.95 0.81 0.20 1.71
2015:Q4 5.09 0.99 0.85 0.18 1.68
2016:Q1 5.23 1.02 0.84 0.18 1.71
2016:Q2 5.31 1.02 0.83 0.19 1.69
2016:Q3 5.39 1.00 0.85 0.18 1.70
2016:Q4 5.38 0.97 0.86 0.18 1.68
2017:Q1 5.51 0.95 0.83 0.20 1.76
2017:Q2 5.59 0.94 0.82 0.19 1.83
2017:Q3 5.66 0.92 0.80 0.21 1.85
2017:Q4 5.71 0.92 0.83 0.21 1.96
2018:Q1 5.78 0.93 0.84 0.24 1.95
2018:Q2 5.78 0.95 0.88 0.24 2.26
2018:Q3 5.85 0.94 0.88 0.22 2.29
2018:Q4 5.89 1.03 0.92 0.20 2.30
2019:Q1 5.99 1.06 0.94 0.24 2.35
2019:Q2 6.07 1.07 0.95 0.24 2.38
2019:Q3 6.18 1.05 1.01 0.22 2.41
2019:Q4 6.19 1.05 1.05 0.19 2.44
2020:Q1 6.39 1.52 1.06 0.24 2.53
2020:Q2 6.86 1.54 1.06 0.17 2.57
2020:Q3 6.93 1.32 1.07 0.12 2.60
2020:Q4 6.94 1.20 1.08 0.13 2.64
2021:Q1 7.08 1.21 1.07 0.14 2.69
2021:Q2 7.13 1.14 1.08 0.13 2.91
2021:Q3 7.20 1.07 1.11 0.12 3.00
2021:Q4 7.17 1.12 1.18 0.14 3.11
2022:Q1 7.22 1.15 1.21 0.19 3.24
2022:Q2 7.18 1.24 1.26 0.19 3.29
2022:Q3 7.19 1.22 1.30 0.20 3.29
2022:Q4 7.19 1.26 1.33 0.20 3.23
2023:Q1 7.35 1.27 1.35 0.21 3.22
2023:Q2 7.38 1.26 1.35 0.19 3.22
2023:Q3 7.39 1.24 1.37 0.20 3.22
2023:Q4 7.40 1.24 1.39 0.22 3.20
2024:Q1 7.51 1.25 1.40 0.23 3.22
2024:Q2 7.58 1.27 1.40 0.21 3.27
2024:Q3 7.70 1.26 1.42 0.19 3.30
2024:Q4 7.67 1.16 1.43 0.20 3.32
2025:Q1 7.79 1.08 1.44 0.24 3.37
2025:Q2 7.75 1.10 1.45 0.25 3.42

Chart | CSV | Data Dictionary

Nonfinancial Noncorporate Debt Components
Trillions of Dollars
date Nonmortgage Depository Loans Mortgages Other
2000:Q1 0.36 1.28 0.15
2000:Q2 0.38 1.31 0.15
2000:Q3 0.39 1.35 0.15
2000:Q4 0.40 1.38 0.16
2001:Q1 0.41 1.41 0.15
2001:Q2 0.43 1.44 0.16
2001:Q3 0.44 1.47 0.15
2001:Q4 0.45 1.51 0.15
2002:Q1 0.45 1.54 0.15
2002:Q2 0.46 1.57 0.16
2002:Q3 0.46 1.60 0.16
2002:Q4 0.47 1.63 0.16
2003:Q1 0.47 1.65 0.16
2003:Q2 0.47 1.66 0.16
2003:Q3 0.48 1.68 0.16
2003:Q4 0.48 1.69 0.16
2004:Q1 0.49 1.74 0.16
2004:Q2 0.50 1.80 0.16
2004:Q3 0.51 1.86 0.16
2004:Q4 0.51 1.92 0.16
2005:Q1 0.55 1.96 0.16
2005:Q2 0.59 2.00 0.16
2005:Q3 0.63 2.05 0.16
2005:Q4 0.67 2.09 0.16
2006:Q1 0.70 2.16 0.17
2006:Q2 0.73 2.23 0.17
2006:Q3 0.76 2.31 0.17
2006:Q4 0.79 2.38 0.18
2007:Q1 0.82 2.45 0.18
2007:Q2 0.86 2.53 0.19
2007:Q3 0.89 2.61 0.19
2007:Q4 0.93 2.68 0.20
2008:Q1 0.95 2.73 0.21
2008:Q2 0.99 2.78 0.21
2008:Q3 1.02 2.82 0.21
2008:Q4 1.05 2.87 0.21
2009:Q1 1.03 2.87 0.21
2009:Q2 1.00 2.87 0.21
2009:Q3 0.97 2.87 0.20
2009:Q4 0.94 2.87 0.20
2010:Q1 0.94 2.87 0.20
2010:Q2 0.94 2.86 0.20
2010:Q3 0.93 2.86 0.21
2010:Q4 0.93 2.85 0.21
2011:Q1 0.92 2.84 0.21
2011:Q2 0.92 2.83 0.20
2011:Q3 0.91 2.82 0.19
2011:Q4 0.91 2.81 0.20
2012:Q1 0.92 2.84 0.20
2012:Q2 0.94 2.86 0.20
2012:Q3 0.96 2.88 0.20
2012:Q4 0.97 2.91 0.21
2013:Q1 0.97 2.93 0.21
2013:Q2 0.98 2.95 0.21
2013:Q3 0.99 2.96 0.21
2013:Q4 1.00 2.98 0.22
2014:Q1 1.01 3.03 0.22
2014:Q2 1.04 3.08 0.22
2014:Q3 1.06 3.12 0.22
2014:Q4 1.08 3.17 0.23
2015:Q1 1.09 3.21 0.23
2015:Q2 1.11 3.26 0.23
2015:Q3 1.13 3.30 0.23
2015:Q4 1.14 3.35 0.23
2016:Q1 1.17 3.41 0.23
2016:Q2 1.20 3.48 0.23
2016:Q3 1.23 3.55 0.23
2016:Q4 1.26 3.62 0.23
2017:Q1 1.29 3.70 0.23
2017:Q2 1.33 3.78 0.23
2017:Q3 1.36 3.86 0.23
2017:Q4 1.39 3.94 0.24
2018:Q1 1.41 4.00 0.24
2018:Q2 1.43 4.05 0.24
2018:Q3 1.45 4.10 0.24
2018:Q4 1.47 4.15 0.25
2019:Q1 1.47 4.17 0.25
2019:Q2 1.48 4.19 0.25
2019:Q3 1.48 4.22 0.25
2019:Q4 1.48 4.24 0.26
2020:Q1 1.48 4.32 0.26
2020:Q2 1.57 4.40 0.30
2020:Q3 1.58 4.47 0.33
2020:Q4 1.59 4.56 0.35
2021:Q1 1.59 4.64 0.37
2021:Q2 1.53 4.73 0.41
2021:Q3 1.49 4.81 0.42
2021:Q4 1.56 4.90 0.43
2022:Q1 1.59 4.99 0.45
2022:Q2 1.63 5.09 0.46
2022:Q3 1.67 5.16 0.46
2022:Q4 1.71 5.24 0.47
2023:Q1 1.72 5.30 0.48
2023:Q2 1.72 5.35 0.46
2023:Q3 1.70 5.39 0.47
2023:Q4 1.70 5.42 0.47
2024:Q1 1.69 5.47 0.47
2024:Q2 1.70 5.50 0.48
2024:Q3 1.70 5.54 0.48
2024:Q4 1.71 5.58 0.49
2025:Q1 1.72 5.62 0.50
2025:Q2 1.73 5.66 0.50

Chart | CSV | Data Dictionary

 

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Last Update: September 11, 2025