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 12, 2009
Release dates | Coded tables | Historical data
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L.1 Credit Market Debt Outstanding1
Billions of dollars; amounts outstanding end of period, not seasonally adjusted

Description
2004
2005
2006
2007
Q1
2007
Q2
2007
Q3
2007
Q4
2008
Q1
2008
Q2
2008
Q3
2008
Q4

Line
All sectors credit market instruments, excluding corporate equities and mutual fund shares liability 37808.4 41269.3 45324.7 46479.2 47464.4 48765.0 49865.7 50602.0 51050.8 51839.1 52592.7 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 24450.2 26776.8 29166.3 29800.0 30336.9 31016.6 31672.8 32132.1 32305.2 32962.4 33517.9 2
Households and nonprofit organizations credit and equity market instruments liability 10576.0 11747.1 12916.3 13092.7 13341.0 13577.8 13765.1 13819.0 13841.8 13897.1 13821.0 3
Nonfarm nonfinancial corporate business credit market instruments liability 5178.4 5510.9 5977.1 6150.8 6393.4 6573.2 6784.9 6886.1 7017.8 7054.5 7103.7 4
Nonfarm noncorporate business credit and equity market instruments liability 2443.8 2775.4 3184.1 3257.0 3349.4 3479.9 3594.9 3673.7 3720.7 3760.1 3766.8 5
Farm business credit and equity market instruments liability 174.1 186.9 197.7 199.2 204.2 208.5 214.0 217.2 226.3 223.8 225.3 6
State and local governments, excluding employee retirement funds credit  market instruments liability 1683.0 1854.7 2005.9 2062.8 2121.6 2144.2 2191.6 2213.4 2224.5 2226.3 2239.6 7
Federal government credit  market instruments liability 4395.0 4701.9 4885.3 5037.4 4927.2 5032.9 5122.3 5322.6 5274.1 5800.6 6361.5 8
Rest of the world credit market instruments, excluding corporate equities liability 1437.7 1512.3 1879.8 1905.9 1971.7 1973.0 2016.5 2081.1 2100.6 1964.9 1858.3 9
Total finance credit market instruments, excluding corporate equities liability 11920.5 12980.1 14278.6 14773.3 15155.8 15775.5 16176.5 16388.8 16645.0 16911.8 17216.5 10
Commercial banking credit market instruments, excluding corporate equities liability 738.7 823.9 998.0 1015.6 1062.5 1184.3 1261.2 1312.9 1394.2 1460.5 1421.7 11
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 356.7 393.6 497.8 494.9 510.6 597.2 629.6 647.2 655.9 785.9 708.4 12
Foreign banking offices in the U.S. acceptances liability 0.7 0.8 0.5 0.3 0.4 0.3 0.5 0.4 0.3 0.0 0.0 13
Bank holding companies credit market instruments, excluding corporate equities liability 381.3 429.5 499.7 520.3 551.5 586.8 631.1 665.4 737.9 674.6 713.3 14
Savings institutions credit market instruments liability 404.8 427.3 319.1 311.3 311.0 401.2 423.3 436.9 431.5 378.1 411.5 15
Credit unions FHLB advances (other loans and advances) liability 11.4 14.7 18.9 16.2 18.9 28.4 32.3 28.5 35.4 43.5 45.0 16
Life insurance companies FHLB advances (other loans and advances) liability 11.1 11.5 14.2 15.4 18.6 25.3 28.7 31.1 33.4 42.9 45.0 17
Government-sponsored enterprises credit market instruments liability 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 3224.1 18
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 4965.1 19
Issuers of asset-backed securities total financial liabilities liability 2654.6 3378.9 4186.0 4344.5 4493.8 4536.1 4503.2 4433.8 4320.4 4209.9 4061.1 20
Finance companies credit and equity market instruments liability 1129.6 1108.6 1144.2 1234.2 1240.3 1280.4 1279.6 1301.4 1299.3 1259.1 1272.3 21
Real estate investment trusts credit market instruments, excluding corporate equities liability 340.2 396.2 411.8 429.4 427.6 423.4 421.5 403.8 398.2 391.6 377.4 22
Security brokers and dealers credit market instruments, excluding corporate equities liability 62.2 62.4 68.8 83.7 93.6 86.3 64.8 120.1 85.9 276.7 143.2 23
Funding corporations credit market instruments, excluding corporate equities liability 517.1 622.7 652.5 722.7 728.8 743.0 788.2 777.8 781.2 799.7 1250.1 24
All sectors credit market instruments, excluding corporate equities and mutual fund shares liability 37808.4 41269.3 45324.7 46479.2 47464.4 48765.0 49865.7 50602.0 51050.8 51839.1 52592.7 25
Domestic nonfinancial sectors credit market instruments, excluding corporate equities asset 4959.1 5515.6 5802.0 5971.7 5961.3 6114.6 6118.2 5940.6 5899.4 6006.6 5945.1 26
Households and nonprofit organizations credit market instruments, excluding corporate equities asset 3102.4 3452.1 3625.6 3753.7 3718.0 3912.0 3942.5 3880.3 3845.3 3945.4 3876.4 27
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset 297.4 339.6 328.0 330.3 315.7 276.8 262.9 166.8 167.0 160.5 171.1 28
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset 85.4 96.8 96.7 100.0 103.8 108.9 113.2 115.9 117.6 119.2 119.4 29
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 1198.1 1352.0 1470.6 1501.9 1537.2 1528.2 1512.0 1484.7 1473.2 1479.9 1413.5 30
Federal government credit  market instruments asset 275.9 275.0 281.2 285.8 286.6 288.7 287.5 292.9 296.4 301.6 364.7 31
Rest of the world credit market instruments, excluding corporate equities asset 4634.7 5188.3 6198.2 6533.6 6827.5 6963.3 7369.3 7549.5 7777.0 7828.1 7830.7 32
Total finance credit market instruments, excluding corporate equities asset 28214.6 30565.3 33324.4 33973.8 34675.6 35687.2 36378.2 37111.9 37374.4 38004.4 38817.0 33
Monetary authority credit market instruments asset 717.8 744.2 778.9 780.9 790.5 779.6 740.6 631.0 509.1 780.9 986.7 34
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 6621.2 7278.4 8040.5 8048.9 8239.0 8490.3 8785.2 8915.4 8980.8 9401.0 9439.5 35
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 5980.7 6487.4 7144.1 7114.0 7256.2 7442.9 7666.8 7750.6 7816.0 8245.6 8202.7 36
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset 513.3 657.8 761.6 805.9 855.3 914.8 963.3 1008.9 983.1 983.2 1069.6 37
Bank holding companies credit market instruments, excluding corporate equities asset 36.4 32.2 35.6 31.4 30.1 35.4 58.7 59.7 84.1 75.0 72.6 38
Banks in U.S.-affiliated areas credit market instruments asset 90.8 101.0 99.3 97.6 97.4 97.2 96.4 96.3 97.6 97.2 94.6 39
Savings institutions credit market instruments asset 1417.7 1617.1 1519.2 1578.1 1595.8 1629.5 1584.9 1599.2 1607.0 1325.9 1310.4 40
Credit unions credit market instruments, excluding corporate equities asset 556.4 592.6 622.7 629.2 641.0 652.6 657.9 665.0 684.7 697.7 700.4 41
Property-casualty insurance companies credit market instruments, excluding corporate equities asset 698.8 765.8 813.5 821.7 830.4 838.9 839.8 836.6 835.0 826.4 827.0 42
Life insurance companies credit market instruments, excluding corporate equities asset 2661.4 2765.4 2806.1 2831.3 2855.4 2882.4 2888.6 2916.5 2929.1 2911.6 2891.1 43
Private pension funds credit market instruments, excluding corporate equities asset (form 5500 data) 646.1 690.6 751.6 776.3 807.2 831.7 852.9 871.2 888.1 902.9 941.0 44
State and local government employee retirement funds credit market instruments, excluding corporate equities asset 675.3 693.4 769.7 767.5 772.2 787.5 799.8 801.8 800.5 798.9 796.1 45
Federal government retirement funds credit market instruments, excluding corporate equities asset 68.2 76.0 84.3 88.1 88.9 93.3 96.1 106.1 108.1 115.1 120.3 46
Money market mutual funds credit market instruments asset 1346.3 1340.8 1560.8 1649.5 1699.2 1801.8 1945.7 2253.4 2232.7 2186.6 2672.3 47
Mutual funds credit market instruments asset 1623.0 1747.1 1932.0 2005.4 2093.5 2141.6 2203.1 2256.7 2356.6 2340.9 2278.1 48
Closed-end funds credit market instruments asset 163.6 165.8 171.8 171.6 175.1 170.6 170.6 165.4 159.4 148.9 130.9 49
Exchange-traded funds credit market instruments asset 8.2 15.0 20.7 22.4 26.3 28.7 33.5 37.8 43.0 49.7 54.7 50
Government-sponsored enterprises credit and equity market instruments asset 2613.0 2543.9 2590.5 2558.4 2596.7 2758.9 2829.5 2893.4 2987.8 3021.2 2992.4 51
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 4965.1 52
Issuers of asset-backed securities credit and equity market instruments asset 2547.4 3275.2 4074.5 4230.0 4382.0 4428.7 4388.6 4312.4 4212.3 4112.6 3968.0 53
Finance companies credit and equity market instruments asset 1675.9 1740.6 1811.6 1806.4 1807.0 1831.9 1828.2 1846.9 1835.1 1816.9 1779.4 54
Real estate investment trusts credit market instruments asset 198.6 239.8 265.8 288.6 280.7 248.0 244.3 224.0 224.0 211.3 187.9 55
Security brokers and dealers credit market instruments, excluding corporate equities asset 394.9 477.2 583.4 677.2 583.8 718.2 803.1 864.3 691.8 820.8 717.4 56
Funding corporations credit market instruments, excluding corporate equities asset 205.9 254.5 289.6 286.7 335.3 329.7 222.2 312.4 527.6 640.4 1058.1 57

  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