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: March 6, 2008
Release dates | Coded tables | Historical data
Current release | Screen reader | PDF (450 KB)

F.1 Total Net Borrowing and Lending in Credit Markets1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2003
2004
2005
2006
2007
2006
Q3
2006
Q4
2007
Q1
2007
Q2
2007
Q3
2007
Q4

Line
All sectors credit market instruments, excluding corporate equities liability 2774.9 3059.1 3413.4 3863.5 4011.1 3451.6 3808.5 3684.9 3744.7 4964.4 3650.6 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 1669.4 1959.0 2244.8 2319.6 2344.1 2001.3 2287.8 2292.9 2102.6 2625.6 2355.3 2
Households and nonprofit organizations credit and equity market instruments liability 980.5 1063.8 1178.7 1194.2 877.1 1096.4 944.9 884.5 952.9 912.0 759.1 3
Nonfarm nonfinancial corporate business credit market instruments liability 82.2 167.2 243.4 425.7 627.4 229.9 631.1 527.3 618.0 641.0 723.2 4
Nonfarm noncorporate business credit and equity market instruments liability 92.1 244.7 331.6 346.8 403.2 342.5 334.6 304.9 379.0 488.6 440.2 5
Farm business credit and equity market instruments liability -1.6 6.1 12.7 18.4 15.1 13.9 22.6 25.6 11.1 12.6 11.1 6
State and local governments, excluding employee retirement funds credit  market instruments liability 120.3 115.3 171.6 151.2 184.2 147.2 218.2 224.4 212.4 136.4 163.8 7
Federal government credit  market instruments liability 396.0 361.9 306.9 183.4 237.1 171.4 136.3 326.2 -70.8 435.0 257.8 8
Rest of the world credit market instruments, excluding corporate equities liability 36.9 124.8 102.8 250.4 97.8 518.1 227.7 160.5 236.2 -0.4 -5.2 9
Total finance credit market instruments, excluding corporate equities liability 1068.5 975.3 1065.8 1293.6 1569.3 932.3 1293.0 1231.5 1406.0 2339.1 1300.5 10
Commercial banking credit market instruments, excluding corporate equities liability 48.5 78.4 85.1 177.4 259.0 51.6 400.6 90.7 147.3 496.2 301.7 11
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 13.2 18.7 36.9 107.5 131.7 14.9 307.6 8.6 22.4 355.4 140.4 12
Foreign banking offices in the U.S. acceptances liability -0.1 0.1 0.0 -0.3 0.0 -0.2 -0.9 -0.4 0.2 -0.7 0.9 13
Bank holding companies credit market instruments, excluding corporate equities liability 35.4 59.5 48.2 70.2 127.2 36.9 94.0 82.4 124.7 141.5 160.5 14
Savings institutions credit market instruments liability 34.5 89.0 23.8 -111.9 103.1 17.1 -463.3 -20.5 -24.9 363.6 94.1 15
Credit unions FHLB advances (other loans and advances) liability 2.2 2.3 3.3 4.2 13.5 2.0 8.4 -10.5 10.6 37.9 16.0 16
Life insurance companies FHLB advances (other loans and advances) liability 2.9 3.0 0.4 2.7 14.5 2.4 4.3 4.9 12.6 26.9 13.6 17
Government-sponsored enterprises credit and equity market instruments liability 250.9 75.0 -84.0 35.6 282.1 -83.5 40.7 66.7 161.4 556.6 343.6 18
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 330.6 47.9 167.3 295.4 605.8 284.4 278.9 482.5 534.9 622.2 783.8 19
Issuers of asset-backed securities total financial liabilities liability 242.4 425.7 670.0 772.4 176.9 701.9 906.3 438.5 472.9 78.5 -282.2 20
Finance companies credit and equity market instruments liability 111.1 134.3 33.5 34.8 30.0 -36.6 69.0 13.9 9.3 119.6 -22.9 21
Real estate investment trusts credit market instruments, excluding corporate equities liability 31.5 98.3 59.8 41.1 -4.5 32.8 14.0 2.2 -9.9 -6.0 -4.2 22
Security brokers and dealers corporate and foreign bonds liability 6.4 15.2 0.1 6.4 -4.0 5.0 -20.9 59.5 39.9 -29.4 -85.9 23
Funding corporations credit market instruments, excluding corporate equities liability 7.6 6.1 106.5 35.4 92.9 -44.8 55.0 103.6 51.9 73.0 142.9 24
All sectors credit market instruments, excluding corporate equities liability 2774.9 3059.1 3413.4 3863.5 4011.1 3451.6 3808.5 3684.9 3744.7 4964.4 3650.6 25
Domestic nonfinancial sectors credit market instruments, excluding corporate equities asset 171.4 382.3 252.4 283.2 388.5 149.3 399.1 118.0 124.1 851.5 460.5 26
Households and nonprofit organizations credit market instruments, excluding corporate equities asset 116.9 264.5 77.3 167.5 340.7 118.5 202.1 -137.4 -19.0 983.8 535.4 27
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset -3.2 31.1 42.3 14.8 -23.0 -49.4 53.6 78.0 -29.4 -106.7 -33.9 28
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset 1.5 11.5 11.4 12.3 12.1 12.9 11.6 12.0 13.9 17.2 5.5 29
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 58.3 72.4 124.1 84.6 48.2 81.3 122.9 145.0 144.9 -40.1 -57.0 30
Federal government credit  market instruments asset -2.1 2.7 -2.7 4.0 10.4 -14.0 8.9 20.3 13.6 -2.6 10.5 31
Rest of the world credit market instruments, excluding corporate equities asset 573.3 765.7 780.6 856.8 791.6 841.8 911.7 991.4 891.2 238.9 1044.9 32
Total finance credit market instruments, excluding corporate equities asset 2030.2 1911.1 2380.3 2723.5 2831.0 2460.5 2497.7 2575.6 2729.4 3874.0 2145.2 33
Monetary authority credit market instruments asset 37.2 51.2 26.4 34.7 -38.3 21.4 21.4 13.0 44.7 -33.7 -177.2 34
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 332.9 608.0 658.4 761.7 750.3 154.5 1274.7 194.5 688.0 963.4 1155.5 35
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 352.2 571.1 507.9 656.3 527.4 57.3 1165.9 29.7 499.3 704.5 876.2 36
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset -38.5 23.0 144.5 103.7 201.7 94.0 100.3 188.2 194.9 238.1 185.7 37
Bank holding companies credit market instruments, excluding corporate equities asset 8.6 -0.0 -4.2 3.3 23.1 6.6 8.0 -16.8 -5.3 21.4 93.1 38
Banks in U.S.-affiliated areas credit market instruments asset 10.6 13.9 10.2 -1.7 -1.9 -3.3 0.5 -6.5 -0.9 -0.7 0.5 39
Savings institutions credit market instruments asset 127.3 103.5 199.3 -98.1 65.8 258.1 -859.7 189.1 67.4 136.8 -130.1 40
Credit unions credit market instruments, excluding corporate equities asset 51.2 39.8 36.2 30.1 36.7 7.9 27.7 39.8 24.6 46.1 36.5 41
Property-casualty insurance companies credit market instruments, excluding corporate equities asset 67.0 73.6 66.9 47.7 38.1 31.8 50.6 32.8 34.7 34.0 50.7 42
Life insurance companies credit market instruments, excluding corporate equities asset 180.6 173.0 110.3 75.6 101.8 48.6 7.7 85.0 89.4 160.8 72.0 43
Private pension funds credit market instruments, excluding corporate equities asset (form 5500 data) 69.2 -0.3 44.5 14.0 34.7 38.9 41.6 30.7 39.6 50.1 18.3 44
State and local government employee retirement funds credit market instruments, excluding corporate equities asset 18.8 17.8 18.1 76.3 26.1 14.4 43.7 -8.4 18.6 61.3 32.8 45
Federal government retirement funds credit market instruments, excluding corporate equities asset 6.0 4.7 7.7 8.4 11.7 7.7 2.5 14.9 3.4 17.5 11.1 46
Money market mutual funds credit market instruments asset -95.9 -124.9 -5.5 220.0 390.6 362.1 216.5 370.7 350.8 444.2 396.9 47
Mutual funds credit market instruments asset 138.0 116.6 124.1 184.9 262.5 130.8 232.6 285.2 365.6 179.8 219.4 48
Closed-end funds credit market instruments asset 35.5 11.0 1.5 6.7 0.2 -4.9 5.5 -0.9 13.9 -18.0 5.9 49
Exchange-traded funds credit market instruments asset 0.7 3.8 6.8 5.7 13.0 2.8 7.9 6.8 15.6 9.6 19.9 50
Government-sponsored enterprises credit and equity market instruments asset 241.0 48.9 -69.1 46.6 240.9 -30.4 51.7 -86.9 81.0 673.3 296.1 51
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 330.6 47.9 167.3 295.4 605.8 284.4 278.9 482.5 534.9 622.2 783.8 52
Issuers of asset-backed securities credit and equity market instruments asset 233.2 416.2 673.5 727.7 244.2 720.9 734.2 585.5 483.3 148.1 -240.0 53
Finance companies credit and equity market instruments asset 122.9 214.9 117.2 89.7 6.2 158.1 -5.8 56.5 -34.7 99.5 -96.4 54
Real estate investment trusts credit market instruments asset 25.7 87.9 66.9 57.5 -65.7 44.5 87.1 -36.2 -30.4 -117.4 -78.9 55
Security brokers and dealers credit market instruments, excluding corporate equities asset 79.6 -29.2 82.3 106.2 231.9 162.5 218.5 281.1 -167.2 471.7 341.9 56
Funding corporations credit market instruments, excluding corporate equities asset 28.6 47.0 47.5 32.8 -125.6 46.4 60.4 39.9 106.1 -75.3 -572.9 57

  FOOTNOTES
  1.  Excludes corporate equities and mutual fund shares. Return to text


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Current release | Screen reader | PDF (450 KB)

Statistical releases