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: September 16, 2004
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
1998
1999
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2001
2002
2003
Q1
2003
Q2
2003
Q3
2003
Q4
2004
Q1
2004
Q2

Line
All sectors credit market instruments, excluding corporate equities liability 23350.8 25473.2 27188.1 29161.8 31320.7 31845.3 32564.1 33225.0 34007.4 34585.7 35181.7 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 16198.2 17253.2 18105.9 19229.7 20552.9 20854.6 21392.5 21801.3 22272.2 22692.3 23103.6 2
Federal government credit  market instruments liability 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 3
Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities liability 12446.0 13572.2 14720.8 15850.2 16915.9 17154.1 17585.6 17886.8 18239.1 18523.4 18894.0 4
Households and nonprofit organizations credit and equity market instruments liability 5956.7 6440.8 7012.9 7640.9 8372.4 8523.4 8789.9 9027.3 9252.3 9424.4 9670.4 5
Nonfarm nonfinancial corporate business credit market instruments liability 3780.4 4188.5 4545.7 4774.4 4808.6 4847.0 4918.7 4934.8 4987.1 5036.4 5076.9 6
Nonfarm noncorporate business credit and equity market instruments liability 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 2305.2 7
Farm business credit and equity market instruments liability 165.3 170.6 181.5 192.0 199.9 198.3 202.8 205.7 207.6 205.6 212.8 8
State and local governments, excluding employee retirement funds credit  market instruments liability 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.7 1595.4 1628.7 9
Rest of the world credit market instruments, excluding corporate equities liability 639.4 652.6 709.6 659.9 665.5 669.4 653.2 638.7 649.8 666.9 651.8 10
Total finance credit market instruments, excluding corporate equities liability 6513.2 7567.4 8372.7 9272.3 10102.3 10321.3 10518.4 10785.0 11085.3 11226.5 11426.2 11
Commercial banking credit market instruments, excluding corporate equities liability 382.1 449.3 509.3 562.1 611.8 627.5 639.3 638.6 661.0 703.2 710.2 12
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 186.2 228.0 264.8 294.9 324.8 324.1 336.2 333.3 338.7 355.2 358.1 13
Foreign banking offices in the U.S. acceptances liability 2.4 2.0 2.0 1.1 0.7 0.5 0.5 0.5 0.6 0.6 0.6 14
Bank holding companies credit market instruments, excluding corporate equities liability 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.5 351.5 15
Savings institutions credit market instruments liability 212.4 260.4 287.7 285.7 262.3 257.2 256.7 262.3 268.3 267.2 308.0 16
Credit unions FHLB advances (other loans and advances) liability 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 17
Life insurance companies FHLB advances (other loans and advances) liability 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 18
Government-sponsored enterprises credit and equity market instruments liability 1275.4 1594.2 1826.4 2130.6 2350.4 2406.1 2454.0 2569.2 2594.1 2598.7 2657.3 19
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 20
Issuers of asset-backed securities total financial liabilities liability 1365.3 1556.8 1743.8 1997.8 2191.2 2246.6 2307.1 2343.2 2392.3 2415.6 2492.4 21
Finance companies credit and equity market instruments liability 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 958.1 962.2 22
Mortgage companies bank loans not elsewhere classified liability 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 23
Real estate investment trusts credit market instruments, excluding corporate equities liability 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 214.7 228.7 239.9 24
Security brokers and dealers corporate and foreign bonds liability 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.7 25
Funding corporations credit market instruments, excluding corporate equities liability 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 456.1 441.4 26
All sectors credit market instruments, excluding corporate equities liability 23350.8 25473.2 27188.1 29161.8 31320.7 31845.3 32564.1 33225.0 34007.4 34585.7 35181.7 27
Domestic nonfinancial nonfederal sectors credit market instruments, excluding corporate equities asset 3296.0 3498.8 3380.5 3366.8 3320.2 3254.7 3282.2 3422.8 3553.8 3417.6 3505.3 28
Households and nonprofit organizations credit market instruments, excluding corporate equities asset 2264.3 2392.1 2235.2 2104.8 2010.1 1949.5 1944.7 2047.8 2154.4 2009.8 2069.1 29
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset 254.5 231.7 256.8 258.5 280.1 274.1 290.6 307.7 311.2 308.8 324.9 30
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset 67.5 64.6 65.9 73.0 76.7 76.6 77.6 77.8 78.1 78.1 77.8 31
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 709.7 810.4 822.6 930.5 953.3 954.5 969.2 989.5 1010.1 1020.9 1033.5 32
Federal government credit  market instruments asset 221.4 260.9 272.6 278.6 288.2 283.7 281.7 286.7 285.6 286.8 283.6 33
Rest of the world credit market instruments, excluding corporate equities asset 2231.2 2316.0 2590.8 2916.9 3394.8 3489.7 3683.8 3772.2 3933.1 4163.3 4366.4 34
Total finance credit market instruments, excluding corporate equities asset 17602.1 19397.5 20944.2 22599.5 24317.5 24817.2 25316.4 25743.3 26234.9 26718.0 27026.3 35
Monetary authority credit market instruments asset 452.5 478.1 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 36
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 4336.1 4648.3 5006.3 5210.5 5614.9 5673.6 5831.3 5831.8 5960.8 6135.3 6270.1 37
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 3761.4 4080.0 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 5665.5 38
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset 504.5 487.4 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.9 484.0 39
Bank holding companies credit market instruments, excluding corporate equities asset 26.5 32.7 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 36.1 40
Banks in U.S.-affiliated areas credit market instruments asset 43.8 48.3 55.0 65.0 66.3 66.1 70.0 74.9 76.9 79.9 84.5 41
Savings institutions credit market instruments asset 965.5 1032.6 1088.8 1133.4 1167.0 1214.6 1239.0 1261.5 1293.3 1370.8 1408.9 42
Credit unions credit market instruments, excluding corporate equities asset 324.2 351.7 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.6 542.3 43
Bank personal trusts and estates credit market instruments, excluding corporate equities asset 194.1 222.0 222.8 194.7 195.6 194.9 194.3 193.7 193.2 196.4 197.3 44
Life insurance companies credit market instruments, excluding corporate equities asset 1828.0 1886.0 1943.9 2074.8 2307.8 2377.0 2436.5 2471.6 2488.3 2546.1 2599.8 45
Other (that is, property-casualty) insurance companies credit market instruments, excluding corporate equities asset 521.1 518.2 509.4 518.4 558.3 572.3 584.7 601.9 625.2 651.5 669.5 46
Private pension funds credit market instruments, excluding corporate equities asset 621.1 720.4 724.2 708.3 729.5 731.3 737.4 734.4 733.6 740.0 737.6 47
State and local government employee retirement funds credit market instruments, excluding corporate equities asset 663.2 702.8 752.0 715.2 708.0 703.0 717.1 711.7 728.9 737.3 751.9 48
Federal government retirement funds credit market instruments, excluding corporate equities asset 30.2 33.1 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 66.0 49
Money market mutual funds credit market instruments asset 965.9 1147.8 1290.9 1536.9 1511.6 1485.5 1479.6 1438.1 1398.5 1344.7 1271.3 50
Mutual funds credit market instruments asset 1028.4 1076.8 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1552.6 1555.5 51
Closed-end funds credit market instruments asset 101.2 110.8 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.5 161.2 52
Exchange-traded funds credit market instruments asset 0.0 0.0 0.0 0.0 3.7 3.4 3.5 3.9 4.5 5.7 6.6 53
Government-sponsored enterprises credit and equity market instruments asset 1251.5 1538.8 1794.4 2099.1 2323.2 2376.9 2401.3 2550.2 2565.0 2557.5 2608.9 54
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 55
Issuers of asset-backed securities credit and equity market instruments asset 1186.7 1360.0 1517.2 1745.1 1915.8 1965.3 2020.6 2051.7 2096.0 2114.6 2186.8 56
Finance companies credit and equity market instruments asset 645.5 742.6 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.2 1009.3 57
Mortgage companies total mortgages (total financial assets) asset 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 58
Real estate investment trusts credit market instruments asset 45.5 42.9 35.8 42.5 65.6 63.5 71.2 75.9 82.4 96.8 104.7 59
Security brokers and dealers credit market instruments, excluding corporate equities asset 189.4 154.7 223.6 316.0 344.4 390.9 341.1 375.0 424.1 410.6 332.5 60
Funding corporations credit market instruments, excluding corporate equities asset 201.2 304.3 328.8 244.4 177.7 225.9 221.5 247.2 263.9 311.8 306.7 61

  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