D.2 Borrowing by Sector
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Series | Description | 2022 | 2023 | 2024 | 2025 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | Line |
| 1 | FA384104005.Q | Domestic nonfinancial sectors; debt securities and loans; liability | 3737.4 | 3611.2 | 3500.6 | 3986.9 | 2794.2 | 4264.9 | 3218.1 | 2710.7 | 2447.1 | 6874.8 | 3914.8 | 1 |
| 2 | FA154104005.Q | Households and nonprofit organizations; debt securities and loans; liability | 1195.6 | 543.6 | 619.1 | 706.3 | 575.9 | 595.3 | 678.6 | 418.5 | 841.7 | 877.1 | 687.9 | 2 |
| 3 | FA153165105.Q | Households and nonprofit organizations; one-to-four-family residential mortgages; liability | 821.5 | 367.0 | 367.9 | 390.0 | 428.2 | 425.1 | 336.6 | 340.2 | 475.0 | 471.0 | 273.7 | 3 |
| 4 | FA153166000.Q | Households and nonprofit organizations; consumer credit; liability | 345.7 | 129.8 | 98.9 | 114.2 | 53.3 | 119.1 | 120.4 | 58.2 | 142.7 | 115.3 | 140.5 | 4 |
| 5 | FA144104005.Q | Nonfinancial business; debt securities and loans; liability | 1035.8 | 430.1 | 642.8 | 821.2 | 845.4 | 700.9 | 202.1 | 1088.2 | 833.8 | 841.1 | 521.9 | 5 |
| 6 | FA104104005.Q | Nonfinancial corporate business; debt securities and loans; liability | 515.4 | 257.5 | 448.8 | 571.5 | 667.0 | 501.6 | -47.7 | 905.3 | 624.6 | 614.9 | 141.3 | 6 |
| 7 | FA314104005.Q | Federal government; debt securities and loans; liability | 1546.9 | 2620.4 | 2144.9 | 2292.3 | 1172.7 | 2836.5 | 2373.1 | 1056.8 | 471.2 | 4959.2 | 2681.9 | 7 |
| 8 | FA214104005.Q | State and local governments; debt securities and loans; liability | -40.9 | 17.0 | 93.8 | 167.1 | 200.2 | 132.3 | -35.7 | 147.3 | 300.5 | 197.4 | 23.0 | 8 |
| 9 | FA794104005.Q | Domestic financial sectors; debt securities and loans; liability | 1600.2 | 345.5 | 579.6 | 875.8 | 55.5 | 1750.7 | 137.2 | 1348.4 | 1496.8 | 549.3 | 108.5 | 9 |
| 10 | FA264104005.Q | Rest of the world; debt securities and loans; liability | 306.0 | 193.0 | 353.7 | 525.8 | 696.8 | 179.8 | 396.3 | 555.2 | 512.0 | 266.1 | 770.0 | 10 |