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 9, 2004
Release dates | Coded tables | Historical data
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F.1 Total Net Borrowing and Lending in Credit Markets1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2000
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2003
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2003
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2003
Q3
2003
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2004
Q3

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All sectors credit market instruments, excluding corporate equities liability 1699.9 1971.4 2158.0 2633.6 2473.0 3093.0 2502.7 2465.6 2767.5 2402.1 2407.2 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 837.5 1118.0 1317.6 1659.9 1482.9 2297.1 1514.0 1345.7 2024.7 1592.0 1710.0 2
Federal government credit  market instruments liability -295.9 -5.6 257.6 396.0 184.0 723.0 317.1 360.0 483.9 444.9 207.0 3
Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities liability 1133.3 1123.6 1060.1 1263.9 1298.9 1574.0 1196.9 985.7 1540.7 1147.0 1502.9 4
Households and nonprofit organizations credit and equity market instruments liability 559.7 622.9 734.1 840.6 918.3 988.3 835.3 620.3 1052.9 810.5 887.9 5
Nonfarm nonfinancial corporate business credit market instruments liability 354.4 228.0 28.9 146.6 167.1 272.9 71.9 74.6 195.8 92.4 194.4 6
Nonfarm noncorporate business credit and equity market instruments liability 192.9 156.4 145.3 151.2 107.6 143.8 168.8 184.7 138.7 167.6 171.5 7
Farm business credit and equity market instruments liability 10.9 10.5 7.8 7.7 6.3 2.9 12.0 9.8 4.5 12.9 20.6 8
State and local governments, excluding employee retirement funds credit  market instruments liability 15.5 105.8 143.9 117.8 99.5 166.1 109.1 96.3 148.8 63.5 228.5 9
Rest of the world credit market instruments, excluding corporate equities liability 57.0 -49.8 5.6 -15.7 17.8 -61.8 -64.7 46.0 70.8 -63.8 9.0 10
Total finance credit market instruments, excluding corporate equities liability 805.4 903.2 834.7 989.3 972.2 857.7 1053.4 1073.9 672.0 873.9 688.3 11
Commercial banking credit market instruments, excluding corporate equities liability 60.0 52.9 49.7 49.2 80.9 28.0 2.8 85.2 187.6 7.1 60.1 12
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 36.8 30.2 29.9 13.9 15.7 28.7 -6.0 17.1 85.0 -9.3 -2.0 13
Foreign banking offices in the U.S. acceptances liability -0.0 -0.9 -0.4 -0.1 -0.5 -0.2 0.1 0.3 -0.1 0.3 0.4 14
Bank holding companies credit market instruments, excluding corporate equities liability 23.2 23.6 20.3 35.4 65.7 -0.6 8.7 67.8 102.8 16.1 61.7 15
Savings institutions credit market instruments liability 27.3 -2.0 -23.4 6.1 -18.0 16.9 0.4 25.0 -7.0 184.4 -21.0 16
Credit unions FHLB advances (other loans and advances) liability 0.0 1.5 2.0 2.2 2.8 1.6 3.3 1.0 -2.7 4.9 0.9 17
Life insurance companies FHLB advances (other loans and advances) liability -0.7 0.6 2.0 2.9 4.4 1.5 3.1 2.5 -0.4 2.7 0.1 18
Government-sponsored enterprises credit and equity market instruments liability 235.2 304.1 219.8 243.7 225.8 192.4 459.9 96.9 18.2 234.4 108.0 19
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 199.7 338.5 326.8 330.5 272.2 266.9 307.6 475.3 80.1 74.0 59.4 20
Issuers of asset-backed securities total financial liabilities liability 182.3 256.2 191.6 200.1 256.5 240.1 166.6 137.4 126.3 300.6 357.0 21
Finance companies credit and equity market instruments liability 81.9 1.3 42.2 117.3 45.6 171.1 104.1 148.2 134.0 -19.7 89.8 22
Mortgage companies bank loans not elsewhere classified liability 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23
Real estate investment trusts credit market instruments, excluding corporate equities liability 4.5 3.2 26.2 32.3 17.5 12.5 43.7 55.7 67.8 43.6 84.4 24
Security brokers and dealers corporate and foreign bonds liability 15.6 1.4 -1.7 6.4 38.4 -16.2 9.9 -6.6 51.9 2.5 33.2 25
Funding corporations credit market instruments, excluding corporate equities liability -0.3 -54.6 -0.5 -1.4 46.2 -57.0 -48.0 53.3 16.2 39.5 -83.5 26
All sectors credit market instruments, excluding corporate equities liability 1699.9 1971.4 2158.0 2633.6 2473.0 3093.0 2502.7 2465.6 2767.5 2402.1 2407.2 27
Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities asset 14.4 -20.4 1.9 228.7 -155.3 75.8 705.6 288.9 -312.3 112.4 42.0 28
Households and nonprofit organizations credit market instruments, excluding corporate equities asset -24.3 -137.1 -46.2 140.9 -230.1 -54.3 587.0 261.1 -493.7 -1.3 -27.9 29
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset 25.1 1.8 21.6 29.6 64.0 71.6 24.8 -42.0 90.6 47.4 -14.8 30
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset 1.3 7.1 3.7 1.4 -0.2 4.1 0.8 0.9 0.1 -1.0 -1.5 31
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 12.3 107.8 22.8 56.8 11.0 54.4 92.9 69.0 90.7 67.2 86.2 32
Federal government credit  market instruments asset 11.6 6.0 9.6 -2.5 -17.9 -8.1 20.1 -4.3 4.7 -12.3 20.9 33
Rest of the world credit market instruments, excluding corporate equities asset 241.9 305.3 422.8 538.2 402.4 746.8 321.4 682.3 952.7 769.0 713.4 34
Total finance credit market instruments, excluding corporate equities asset 1431.9 1680.5 1723.7 1869.1 2243.8 2278.5 1455.6 1498.7 2122.4 1533.0 1631.0 35
Monetary authority credit market instruments asset 33.7 39.9 77.7 37.2 37.3 40.3 37.6 33.8 16.2 53.0 74.1 36
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 357.9 205.2 404.4 299.5 406.6 591.4 -6.1 206.1 880.8 491.8 253.4 37
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 339.5 191.6 393.8 323.3 384.9 524.6 100.5 283.0 849.5 491.5 249.9 38
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset 23.9 -0.6 6.2 -43.0 1.6 11.6 -100.0 -85.3 18.3 -15.9 -10.2 39
Bank holding companies credit market instruments, excluding corporate equities asset -12.2 4.2 3.1 8.6 20.8 39.7 -26.1 0.2 1.2 -2.3 3.0 40
Banks in U.S.-affiliated areas credit market instruments asset 6.7 10.0 1.3 10.6 -0.7 15.5 19.4 8.1 11.9 18.5 10.7 41
Savings institutions credit market instruments asset 56.2 44.6 33.6 126.3 186.9 107.9 66.4 143.9 225.3 163.3 152.3 42
Credit unions credit market instruments, excluding corporate equities asset 28.0 41.5 42.7 50.7 45.0 79.4 83.6 -5.3 44.3 63.2 18.5 43
Bank personal trusts and estates credit market instruments, excluding corporate equities asset 0.8 -28.1 0.9 -2.4 -2.7 -2.5 -2.5 -2.0 12.9 3.4 4.4 44
Life insurance companies credit market instruments, excluding corporate equities asset 57.9 130.9 233.0 180.6 283.0 236.4 117.1 85.9 235.1 176.0 162.9 45
Other (that is, property-casualty) insurance companies credit market instruments, excluding corporate equities asset -8.7 9.0 39.9 67.0 56.2 49.7 68.7 93.3 105.3 65.1 59.9 46
Private pension funds credit market instruments, excluding corporate equities asset -96.4 13.3 25.7 14.2 -13.8 -18.7 42.3 47.1 45.1 22.5 37.6 47
State and local government employee retirement funds credit market instruments, excluding corporate equities asset 45.8 -41.1 -14.0 9.0 -43.0 55.4 -16.4 39.9 6.6 59.8 -15.2 48
Federal government retirement funds credit market instruments, excluding corporate equities asset 2.1 9.7 13.0 6.3 28.5 2.5 -0.8 -4.8 0.8 6.8 10.8 49
Money market mutual funds credit market instruments asset 143.0 246.0 -25.3 -113.1 -128.4 158.4 -220.2 -262.4 -228.9 -121.9 -153.1 50
Mutual funds credit market instruments asset 20.9 126.1 144.2 137.7 213.0 258.4 -14.5 93.9 209.0 21.0 126.3 51
Closed-end funds credit market instruments asset -5.6 3.2 8.6 36.2 26.1 60.1 42.5 16.1 8.7 20.8 -1.8 52
Exchange-traded funds credit market instruments asset 0.0 0.0 3.7 0.7 -1.1 0.4 1.6 2.0 5.1 3.5 2.2 53
Government-sponsored enterprises credit and equity market instruments asset 246.0 304.7 224.1 236.5 298.5 106.9 506.6 34.0 -2.3 193.7 106.9 54
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 199.7 338.5 326.8 330.5 272.2 266.9 307.6 475.3 80.1 74.0 59.4 55
Issuers of asset-backed securities credit and equity market instruments asset 152.5 230.0 168.9 179.2 232.7 219.5 146.6 118.0 107.5 282.4 339.4 56
Finance companies credit and equity market instruments asset 108.6 -4.8 21.2 84.2 8.5 56.5 164.4 107.5 187.3 44.8 89.3 57
Mortgage companies total mortgages (total financial assets) asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58
Real estate investment trusts credit market instruments asset -4.0 8.6 24.8 23.7 -6.0 34.0 28.7 38.2 95.1 28.0 63.1 59
Security brokers and dealers credit market instruments, excluding corporate equities asset 68.9 92.4 28.4 79.6 64.7 -73.8 21.1 306.5 -185.3 -177.0 372.1 60
Funding corporations credit market instruments, excluding corporate equities asset 24.4 -89.2 -58.4 85.4 279.9 49.1 81.1 -68.3 273.6 58.6 -131.6 61

  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