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Statistical Supplement | December 2008

Statistical Supplement to the Federal Reserve Bulletin, December 2008
1.54  Mortgage Debt Outstanding1
Millions of dollars, end of period
Type of holder and property 2004 2005 2006 2007 2008
Q3 Q4 Q1 Q2 Q3p
1 All holders 10,662,680r 12,100,210r 13,520,610r 14,377,310r 14,607,170r 14,736,030r 14,782,480r 14,724,590
 
  By type of property  
2 One- to four-family residences 8,268,548r 9,380,538r 10,463,160r 11,032,180r 11,164,150r 11,230,370r 11,223,210r 11,164,450
3 Multifamily residences 617,869 688,536r 744,786r 809,997r 841,640r 860,420r 877,218r 892,947
4 Nonfarm, nonresidential 1,679,393r 1,929,622r 2,211,189r 2,428,946r 2,493,597r 2,536,626r 2,572,606r 2,556,704
5 Farm 96,872 101,518 101,475r 106,189r 107,778r 108,610r 109,442 110,490
 
  By type of holder  
6 Major financial institutions 3,926,324 4,396,243 4,780,819 4,989,289 5,067,153 5,129,099r 5,113,719r 5,039,535
7 Commercial banks2 2,595,605 2,958,042 3,403,052 3,525,100 3,645,724 3,685,963r 3,662,246r 3,814,785
8 One- to four-family 1,580,992 1,793,029 2,084,510r 2,128,841r 2,208,229r 2,217,309r 2,157,985r 2,280,194
9 Multifamily 118,710 138,702 157,555 164,965 168,407 172,942r 176,145r 210,399
10 Nonfarm, nonresidential 860,670 989,372 1,123,210 1,191,407 1,228,490 1,254,801r 1,286,891r 1,282,650
11 Farm 35,233 36,939 37,777r 39,887r 40,598r 40,911r 41,225 41,542
12 Savings institutions3 1,057,395 1,152,738 1,073,967 1,146,869 1,095,256 1,111,860r 1,115,685r 883,631
13 One- to four-family 874,199 953,819 867,831 933,511 878,958 884,907r 884,533r 691,589
14 Multifamily 87,545 98,352 95,792 94,773 92,705 94,571r 96,924r 65,203
15 Nonfarm, nonresidential 95,052 99,951 109,604 117,739 122,711 131,472r 133,315r 125,966
16 Farm 599 616 740 846 882 910 913 873
17 Life insurance companies 273,324 285,463 303,800 317,320 326,173 331,276r 335,788r 341,119
18 One- to four-family 7,874 7,746 11,301 11,003 11,124 11,446r 11,745r 11,819
19 Multifamily 40,453 42,440 44,761 46,910 48,336 49,091r 49,762r 50,595
20 Nonfarm, nonresidential 214,085 224,258 236,719 248,388 255,694 259,720r 263,262r 267,686
21 Farm 10,912 11,019 11,019 11,019 11,019 11,019 11,019 11,019
 
22 Federal and related agencies 704,438 666,601 688,678 712,714 726,458 742,109 756,572r 754,370
23 Government National Mortgage Association 44 34 27 24 22 24 38 38
24 One- to four-family 44 34 27 24 22 24 38 38
25 Multifamily 0 0 0 0 0 0 0 0
26 Farmers Home Administration4 70,624 72,937 76,448 78,192 78,411 78,941 80,357 79,962
27 One- to four-family 13,464 13,014 12,918 12,920 13,024 13,066 13,611 13,131
28 Multifamily 11,556 11,493 11,374 11,310 11,282 11,249 11,205 11,101
29 Nonfarm, nonresidential 42,370 45,213 48,945 50,758 50,839 51,399 52,271 52,271
30 Farm 3,235 3,217 3,212 3,204 3,266 3,228 3,271 3,460
31 Federal Housing Admin. and Dept. of Veterans Affairs 4,733 4,819 5,023 4,887 4,927 4,917 5,021 4,562
32 One- to four-family 1,338 1,370 1,625 1,722 1,779 1,853 1,910 1,406
33 Multifamily 3,394 3,449 3,398 3,165 3,147 3,063 3,111 3,156
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 11 8 3 3 2 2 2 6
40 One- to four-family 2 1 1 0 0 0 0 1
41 Multifamily 2 2 1 1 0 0 0 1
42 Nonfarm, nonresidential 7 5 2 2 1 1 1 4
43 Farm 0 0 0 0 0 0 0 0
44 Federal National Mortgage Association 400,157 366,680 383,045 399,420 403,577 411,838 420,992 407,671
45 One- to four-family 355,687 314,801 322,703 321,955 311,831 313,458 315,242 294,847
46 Multifamily 44,470 51,879 60,342 77,465 91,746 98,380 105,750 112,824
47 Federal Land Banks 52,793 54,640 59,897 64,859 67,423 68,964 71,742 74,659
48 One- to four-family 15,070 14,515 19,016r 20,631r 22,067r 23,258r 25,686 28,249
49 Farm 37,723 40,125 40,881r 44,228r 45,356r 45,706r 46,056 46,410
50 Federal Home Loan Mortgage Corporation 61,320 61,428 65,536 71,680 79,776 86,105 88,601r 97,744
51 One- to four-family 23,374 20,378 20,543 22,946 23,876 26,802 26,471r 31,187
52 Multifamily 37,946 41,050 44,993 48,734 55,900 59,303 62,130r 66,557
53 Federal Agricultural Mortgage Corporation 887 804 778 742 768 759 784 694
54 Farm 887 804 778 742 768 759 784 694
 
55 Mortgage pools or trusts5 4,830,127r 5,683,271r 6,612,249r 7,243,850r 7,407,994r 7,469,775r 7,535,210r 7,581,498
56 Government National Mortgage Association 441,235 405,246 410,021 427,255 443,461 461,481 510,217 576,761
57 One- to four-family 409,089 371,484 373,886 390,856 406,822 424,708 473,272 539,508
58 Multifamily 32,147 33,762 36,135 36,398 36,640 36,772 36,945 37,253
59 Federal Home Loan Mortgage Corporation 1,189,393 1,309,024 1,450,721 1,643,285 1,717,342 1,762,586 1,802,312 1,812,917
60 One- to four-family 1,173,847 1,294,521 1,442,306 1,633,753 1,706,684 1,751,647 1,791,127 1,801,666
61 Multifamily 15,546 14,503 8,415 9,532 10,658 10,939 11,185 11,251
62 Federal National Mortgage Association 1,743,061 1,826,779 1,973,329 2,167,980 2,298,191 2,373,863 2,444,639 2,500,521
63 One- to four-family 1,673,339 1,753,708 1,894,396 2,081,261 2,206,263 2,278,908 2,346,853 2,400,500
64 Multifamily 69,722 73,071 78,933 86,719 91,928 94,955 97,786 100,021
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 1,455,500r 2,141,378r 2,774,995r 3,000,713r 2,944,457r 2,867,392r 2,773,735r 2,686,576
71 One- to four-family6 1,045,744r 1,616,997r 2,133,784r 2,223,436r 2,156,196r 2,087,689r 2,002,812r 1,928,777
72 Multifamily 73,068 89,607r 103,507r 125,748r 125,498r 122,914r 120,027r 117,789
73 Nonfarm, nonresidential 336,688r 434,774r 537,704r 651,529r 662,763r 656,788r 650,896r 640,010
74 Farm 0 0 0 0 0 0 0 0
75 Federal Agricultural Mortgage Corporation 938 844 3,183 4,618 4,543 4,453 4,307 4,723
76 Farm 938 844 3,183 4,618 4,543 4,453 4,307 4,723
 
77 Individuals and others7 1,201,792r 1,354,098r 1,438,866r 1,431,461r 1,405,565r 1,395,048r 1,376,980r 1,349,191
78 One- to four-family 980,651r 1,119,900r 1,180,423r 1,156,445r 1,125,756r 1,104,767r 1,082,922r 1,052,533
79 Multifamily 83,275 90,195r 99,552r 104,249r 105,365r 106,213r 106,220r 106,771
80 Nonfarm, nonresidential 130,521r 136,049r 155,005r 169,123r 173,098r 182,445r 185,970r 188,118
81 Farm 7,345 7,954 3,885r 1,645r 1,346r 1,624r 1,867 1,770

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.

Statistical Supplement | December 2008 | Tips for printing wide tables | Symbols and Abbreviations

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Last update: January 9, 2009