FRB: October 2006 Statistical Supplement--Mortgage Debt Outstanding

Statistical Supplement | October 2006

Statistical Supplement to the Federal Reserve Bulletin, October 2006

1.54 Mortgage Debt Outstanding¹
Type of holder and property		2002	2003	2004	2005			2006
Millions of dollars, end of period
Type of holder and property		2002	2003	2004	Q2	Q3	Q4	Q1	Q2^p
1	All holders	8,368,137^r	9,374,760^r	10,677,150^r	11,320,160^r	11,750,270^r	12,146,150^r	12,446,890^r	12,756,650

	By type of property
2	One- to four-family residences	6,374,707^r	7,175,012^r	8,243,608^r	8,744,214^r	9,087,367^r	9,380,399^r	9,608,400^r	9,838,021
3	Multifamily residences	484,885^r	555,467^r	608,572^r	640,165^r	658,067^r	679,767^r	694,034^r	703,388
4	Nonfarm, nonresidential	1,383,038^r	1,510,698^r	1,683,264^r	1,789,538^r	1,856,503^r	1,938,082^r	1,993,993^r	2,060,561
5	Farm	125,507	133,583	141,710	146,241^r	148,337	147,902	150,461^r	154,676

	By type of holder
6	Major financial institutions	3,089,434	3,387,175	3,925,678	4,183,512^r	4,317,224	4,394,767^r	4,505,599^r	4,642,797
7	Commercial banks²	2,058,426	2,256,037	2,595,318	2,791,830^r	2,895,448	2,956,572^r	3,024,873^r	3,131,205
8	One- to four-family	1,222,126	1,346,908	1,568,000	1,695,436^r	1,750,876	1,774,348^r	1,803,974^r	1,870,311
9	Multifamily	94,178	104,901	119,294	129,102^r	135,547	140,121	145,471^r	147,213
10	Nonfarm, nonresidential	704,097	763,579	863,467	921,065^r	961,886	994,513	1,026,978^r	1,063,834
11	Farm	38,025	40,649	44,557	46,227^r	47,139	47,590	48,450^r	49,847
12	Savings institutions³	780,989	870,194	1,057,036	1,113,291^r	1,140,910	1,152,732	1,192,401^r	1,221,017
13	One- to four-family	631,057	702,784	874,518	921,971^r	946,883	954,974	990,190^r	1,013,538
14	Multifamily	68,624	77,895	87,445	95,058^r	96,732	98,168	100,112^r	102,198
15	Nonfarm, nonresidential	80,730	88,884	94,475	95,658^r	96,690	98,974	101,423^r	104,585
16	Farm	577	632	598	604	605	616	676^r	697
17	Life insurance companies	250,019	260,944	273,324	278,391	280,866	285,463^r	288,325^r	290,575
18	One- to four-family	4,657	4,403	4,998	5,082	5,122	4,585^r	4,632^r	4,669
19	Multifamily	36,816	38,556	40,453	41,213	41,585	42,440^r	42,822^r	43,156
20	Nonfarm, nonresidential	195,040	203,946	214,085	218,065	220,005	224,258^r	226,545^r	228,309
21	Farm	13,506	14,039	13,788	14,031	14,154	14,180	14,326^r	14,441

22	Federal and related agencies	433,565	537,131	553,821	553,433^r	552,763^r	554,997^r	555,852^r	557,975
23	Government National Mortgage Association	5	50	44	39	36	34	32	31
24	One- to four-family	5	50	44	39	36	34	32	31
25	Multifamily	0	0	0	0	0	0	0	0
26	Farmers Home Administration⁴	72,377	69,546	70,624	70,995	72,044	72,937	73,575	75,097
27	One- to four-family	14,908	13,964	13,464	13,274	13,124	13,014	12,976	12,975
28	Multifamily	11,669	11,613	11,556	11,527	11,500	11,493	11,451	11,423
29	Nonfarm, nonresidential	42,101	40,529	42,370	42,957	44,172	45,213	45,954	47,499
30	Farm	3,700	3,439	3,235	3,237	3,247	3,217	3,193	3,200
31	Federal Housing Admin. and Dept. of Veterans Affairs	3,854	4,192	4,733	4,784	4,703	4,819	4,626	4,830
32	One- to four-family	1,262	1,304	1,338	1,356	1,359	1,370	1,396	1,615
33	Multifamily	2,592	2,887	3,394	3,429	3,344	3,449	3,231	3,215
34	Resolution Trust Corporation	0	0	0	0	0	0	0	0
35	One- to four-family	0	0	0	0	0	0	0	0
36	Multifamily	0	0	0	0	0	0	0	0
37	Nonfarm, nonresidential	0	0	0	0	0	0	0	0
38	Farm	0	0	0	0	0	0	0	0
39	Federal Deposit Insurance Corporation	46	23	11	9	9	8	6	4
40	One- to four-family	7	4	2	2	1	1	1	1
41	Multifamily	9	4	2	2	2	2	1	1
42	Nonfarm, nonresidential	30	15	7	6	5	5	4	2
43	Farm	0	0	0	0	0	0	0	0
44	Federal National Mortgage Association	185,801	239,433	249,515	249,684^r	251,627^r	255,006^r	255,028^r	255,050
45	One- to four-family	172,230	219,867	222,535	219,338^r	218,347^r	219,279^r	219,301^r	219,323
46	Multifamily	13,571	19,566	26,980	30,346^r	33,280^r	35,727^r	35,727^r	35,727
47	Federal Land Banks	46,257	49,307	52,793	54,769	55,489	54,640	55,233	56,674
48	One- to four-family	2,722	2,901	3,106	3,223	3,265	3,215	3,250	3,335
49	Farm	43,535	46,406	49,687	51,546	52,224	51,425	51,983	53,339
50	Federal Home Loan Mortgage Corporation	63,887	60,270	61,360	60,986	61,207	61,481	62,935	63,704
51	One- to four-family	35,851	27,274	23,389	21,736^r	20,903^r	20,396^r	20,878^r	21,133
52	Multifamily	28,036	32,996	37,971	39,250^r	40,304^r	41,085^r	42,057^r	42,571
53	Federal Agricultural Mortgage Corporation	966	990	887	838	832	804	787	787
54	Farm	966	990	887	838	832	804	787	787

55	Mortgage pools or trusts⁵	3,954,968^r	4,457,045^r	4,959,720^r	5,273,327^r	5,521,957^r	5,780,012^r	5,929,939^r	6,067,118
56	Government National Mortgage Association	537,888	473,738	441,235	420,915	411,338	405,246^r	403,236^r	405,848
57	One- to four-family	512,098	444,820	409,089	388,057	378,109	371,484^r	368,823^r	370,882
58	Multifamily	25,790	28,918	32,147	32,858	33,229	33,762	34,413	34,966
59	Federal Home Loan Mortgage Corporation	1,082,062	1,157,339	1,204,239	1,245,930	1,279,664	1,330,795	1,375,148	1,400,955
60	One- to four-family	1,072,990	1,141,241	1,187,489	1,228,600	1,261,865	1,312,284	1,356,020	1,381,468
61	Multifamily	9,072	16,098	16,750	17,330	17,799	18,511	19,128	19,487
62	Federal National Mortgage Association	1,538,287	1,857,045	1,895,761	1,900,149	1,924,810	1,940,079	1,972,793	2,005,027
63	One- to four-family	1,478,610	1,780,884	1,819,931	1,824,143	1,847,818	1,862,476	1,893,881	1,924,826
64	Multifamily	59,677	76,161	75,830	76,006	76,992	77,603	78,912	80,201
65	Farmers Home Administration⁴	0	0	0	0	0	0	0	0
66	One- to four-family	0	0	0	0	0	0	0	0
67	Multifamily	0	0	0	0	0	0	0	0
68	Nonfarm, nonresidential	0	0	0	0	0	0	0	0
69	Farm	0	0	0	0	0	0	0	0
70	Private mortgage conduits	796,364^r	967,920^r	1,417,547^r	1,705,458^r	1,905,310^r	2,103,057^r	2,177,463^r	2,253,476
71	One- to four-family⁶	489,240^r	610,290^r	1,007,730^r	1,250,013^r	1,429,201^r	1,581,158^r	1,638,872^r	1,692,865
72	Multifamily	58,743^r	66,620^r	72,998^r	78,981^r	81,559^r	89,494^r	91,314^r	93,655
73	Nonfarm, nonresidential	248,381^r	291,010^r	336,819^r	376,465^r	394,550^r	432,405^r	447,278^r	466,956
74	Farm	0	0	0	0	0	0	0	0
75	Federal Agricultural Mortgage Corporation	367	1,003	938	875	835	835	1,298	1,813
76	Farm	367	1,003	938	875	835	835	1,298	1,813

77	Individuals and others⁷	890,170^r	993,409^r	1,237,935^r	1,309,887^r	1,358,330^r	1,416,374^r	1,455,499^r	1,488,756
78	One- to four-family	676,650^r	765,049^r	994,138^r	1,060,632^r	1,103,658^r	1,156,528^r	1,190,559^r	1,219,266
79	Multifamily	76,030^r	79,200^r	83,737^r	85,049^r	86,178^r	87,898^r	89,381^r	89,561
80	Nonfarm, nonresidential	112,660^r	122,736^r	132,040^r	135,323^r	139,194^r	142,714^r	145,813^r	149,377
81	Farm	24,830	26,424	28,021	28,883^r	29,300	29,235	29,747^r	30,552

1. Multifamily debt refers to loans on structures of five or more units. Return to table

2. Includes loans held by nondeposit trust companies but not loans held by bank trust departments. Return to table

3. Includes savings banks and savings and loan associations. Return to table

4. FmHA-guaranteed securities sold to the Federal Financing Bank were reallocated from FmHA mortgage pools to FmHA mortgage holdings in 1986:Q4 because of accounting changes by the Farmers Home Administration. Return to table

5. Outstanding principal balances of mortgage-backed securities insured or guaranteed by the agency indicated. Return to table

6. Includes securitized home equity loans. Return to table

7. Other holders include mortgage companies, real estate investment trusts, state and local credit agencies, state and local retirement funds, noninsured pension funds, credit unions, and finance companies. Return to table

Source: Based on data from various institutional and government sources. Separation of nonfarm mortgage debt by type of property, if not reported directly, and interpolations and extrapolations, when required for some quarters, are estimated in part by the Federal Reserve. Line 70 from LoanPerformance Corporation and other sources.

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Last update: November 1, 2006