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: June 5, 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
2002
2003
2004
2005
2006
2007
2007
Q1
2007
Q2
2007
Q3
2007
Q4
2008
Q1

Line
All sectors credit market instruments, excluding corporate equities liability 2362.2 2770.9 3057.2 3413.9 3874.5 4055.2 3707.8 3726.4 5093.3 3693.5 3115.1 1
Domestic nonfinancial sectors credit market instruments, excluding corporate equities liability 1398.6 1667.7 1957.7 2247.3 2332.4 2366.6 2307.5 2101.0 2742.5 2315.5 2036.3 2
Households and nonprofit organizations credit and equity market instruments liability 832.9 981.0 1064.0 1180.9 1196.9 883.6 905.4 942.8 856.2 829.9 481.0 3
Nonfarm nonfinancial corporate business credit market instruments liability 9.1 80.0 165.8 243.6 433.4 624.7 528.0 625.5 767.7 577.4 575.1 4
Nonfarm noncorporate business credit and equity market instruments liability 148.0 92.1 244.7 331.6 349.1 417.7 297.4 379.9 532.4 461.2 321.5 5
Farm business credit and equity market instruments liability 7.1 -1.6 6.1 12.7 18.4 18.4 25.6 11.1 12.6 24.2 30.4 6
State and local governments, excluding employee retirement funds credit  market instruments liability 143.9 120.3 115.3 171.6 151.2 185.2 224.9 212.4 138.5 164.8 139.5 7
Federal government credit  market instruments liability 257.6 396.0 361.9 306.9 183.4 237.1 326.2 -70.8 435.0 257.8 488.8 8
Rest of the world credit market instruments, excluding corporate equities liability 93.4 42.4 130.7 102.6 254.4 97.0 136.1 227.4 2.9 21.7 277.1 9
Total finance credit market instruments, excluding corporate equities liability 870.3 1060.8 968.7 1064.0 1287.7 1591.6 1264.2 1398.0 2348.0 1356.3 801.7 10
Commercial banking credit market instruments, excluding corporate equities liability 49.7 48.5 78.4 85.1 177.4 263.2 90.9 147.1 496.2 318.6 228.1 11
U.S.-chartered commercial banks credit market instruments, excluding corporate equities liability 29.9 13.2 18.7 36.9 107.5 131.8 8.9 22.2 355.4 140.9 91.0 12
Foreign banking offices in the U.S. acceptances liability -0.4 -0.1 0.1 0.0 -0.3 0.0 -0.4 0.2 -0.7 0.9 -0.3 13
Bank holding companies credit market instruments, excluding corporate equities liability 20.3 35.4 59.5 48.2 70.2 131.3 82.4 124.7 141.5 176.9 137.4 14
Savings institutions credit market instruments liability -23.4 34.5 89.0 23.8 -111.9 97.3 -20.7 -24.6 363.5 71.1 67.0 15
Credit unions FHLB advances (other loans and advances) liability 2.0 2.2 2.3 3.3 4.2 13.4 -10.5 10.6 37.9 15.7 -15.2 16
Life insurance companies FHLB advances (other loans and advances) liability 2.0 2.9 3.0 0.4 2.7 14.5 4.9 12.6 26.9 13.7 9.6 17
Government-sponsored enterprises credit and equity market instruments liability 219.8 250.9 75.0 -84.0 35.6 282.4 66.7 161.4 556.6 344.8 119.9 18
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 326.8 330.6 47.9 167.3 295.4 626.5 482.5 534.9 622.2 866.3 534.1 19
Issuers of asset-backed securities total financial liabilities liability 212.3 244.2 427.3 669.2 772.0 178.5 428.8 472.8 97.7 -285.2 -305.0 20
Finance companies credit and equity market instruments liability 66.2 111.1 134.3 33.5 34.8 24.9 13.9 9.3 122.1 -45.6 73.9 21
Real estate investment trusts credit market instruments, excluding corporate equities liability 27.3 31.5 98.3 59.8 41.1 -5.8 2.2 -21.2 -14.7 10.4 -40.3 22
Security brokers and dealers credit market instruments liability -1.7 6.4 15.2 0.1 6.4 -4.0 59.5 39.9 -29.4 -85.9 221.3 23
Funding corporations credit market instruments, excluding corporate equities liability -10.7 -2.0 -2.2 105.6 29.9 100.7 146.0 55.3 69.0 132.4 -91.7 24
All sectors credit market instruments, excluding corporate equities liability 2362.2 2770.9 3057.2 3413.9 3874.5 4055.2 3707.8 3726.4 5093.3 3693.5 3115.1 25
Domestic nonfinancial sectors credit market instruments, excluding corporate equities asset 152.0 157.8 291.6 284.5 293.8 360.2 90.5 189.6 645.1 515.4 -1014.9 26
Households and nonprofit organizations credit market instruments, excluding corporate equities asset 35.9 103.4 173.9 109.3 203.7 348.0 -185.6 78.6 867.6 631.3 -921.9 27
Nonfarm nonfinancial corporate business credit market instruments, excluding corporate equities asset 25.8 -3.2 31.1 42.3 -10.9 -61.4 98.7 -62.4 -195.6 -86.2 -92.7 28
Nonfarm noncorporate business credit market instruments, excluding corporate equities asset -0.8 1.5 11.5 11.4 12.3 14.9 12.1 14.0 17.3 16.4 11.8 29
State and local governments, excluding employee retirement funds credit market instruments, excluding corporate equities and mutual funds asset 86.2 58.3 72.4 124.1 84.6 48.2 145.0 144.9 -40.1 -57.0 -31.9 30
Federal government credit  market instruments asset 4.9 -2.1 2.7 -2.7 4.0 10.4 20.3 14.6 -4.2 11.0 19.8 31
Rest of the world credit market instruments, excluding corporate equities asset 467.2 582.8 854.4 749.0 855.0 826.7 1017.9 866.5 587.2 835.2 996.0 32
Total finance credit market instruments, excluding corporate equities asset 1743.1 2030.2 1911.1 2380.4 2725.7 2868.4 2599.4 2670.3 3861.0 2342.8 3133.9 33
Monetary authority credit market instruments asset 77.7 37.2 51.2 26.4 34.7 -38.3 13.0 44.7 -33.7 -177.2 -430.9 34
Commercial banking credit market instruments, excluding corporate equities, mutual fund shares, security credit and including customers' liability on acceptances asset 404.4 332.9 608.0 658.4 761.7 750.8 204.1 678.4 963.4 1157.4 592.5 35
U.S.-chartered commercial banks credit market instruments, excluding corporate equities, mutual fund shares, security credit, and including customers' liabilities on acceptances asset 393.8 352.2 571.1 507.9 656.3 528.9 39.3 489.7 704.5 882.2 427.3 36
Foreign banking offices in the U.S. credit market instruments, excluding corporate equities, security credit, and including customers' liabilities on acceptances asset 6.2 -38.5 23.0 144.5 103.7 201.7 188.2 194.9 238.1 185.7 160.9 37
Bank holding companies credit market instruments, excluding corporate equities asset 3.1 8.6 -0.0 -4.2 3.3 23.1 -16.8 -5.3 21.4 93.0 4.0 38
Banks in U.S.-affiliated areas credit market instruments asset 1.3 10.6 13.9 10.2 -1.7 -2.9 -6.5 -0.9 -0.7 -3.5 0.3 39
Savings institutions credit market instruments asset 33.4 127.3 103.5 199.3 -98.1 65.7 189.1 67.4 136.8 -130.6 8.3 40
Credit unions credit market instruments, excluding corporate equities asset 44.2 51.2 39.8 36.2 30.1 35.3 39.8 24.6 40.9 35.7 45.0 41
Property-casualty insurance companies credit market instruments, excluding corporate equities asset 39.9 67.0 73.6 66.9 47.7 26.5 32.8 34.7 34.0 4.4 48.3 42
Life insurance companies credit market instruments, excluding corporate equities asset 233.0 180.6 173.0 110.3 75.6 84.7 94.3 99.5 99.3 45.5 90.8 43
Private pension funds credit market instruments, excluding corporate equities asset (form 5500 data) -8.6 69.2 -0.3 44.5 14.0 33.6 30.7 39.6 50.1 14.0 31.6 44
State and local government employee retirement funds credit market instruments, excluding corporate equities asset -50.7 18.8 17.8 18.1 76.3 30.2 -8.4 18.6 61.3 49.1 42.9 45
Federal government retirement funds credit market instruments, excluding corporate equities asset 12.7 6.0 4.7 7.7 8.4 11.7 14.9 3.4 17.5 11.1 40.1 46
Money market mutual funds credit market instruments asset -17.7 -95.9 -124.9 -5.5 220.0 390.6 431.1 290.4 444.2 396.9 1293.4 47
Mutual funds credit market instruments asset 138.7 138.0 116.6 124.1 184.9 271.1 285.2 365.6 184.4 249.3 252.8 48
Closed-end funds credit market instruments asset 8.6 35.5 11.0 1.5 6.7 0.2 -0.9 13.9 -18.0 5.9 -6.0 49
Exchange-traded funds credit market instruments asset 3.7 0.7 3.8 6.8 5.7 12.7 6.8 15.6 9.6 18.9 17.5 50
Government-sponsored enterprises credit and equity market instruments asset 224.1 241.0 48.9 -69.1 46.6 239.0 -86.9 81.0 673.3 288.6 298.0 51
Agency-and GSE-backed mortgage pools total mortgages (total financial assets and net increase in pool securities) asset 326.8 330.6 47.9 167.3 295.4 626.5 482.5 534.9 622.2 866.3 534.1 52
Issuers of asset-backed securities credit and equity market instruments asset 219.0 233.2 416.2 673.6 725.8 248.6 585.2 484.0 167.1 -242.1 -292.3 53
Finance companies credit and equity market instruments asset 103.7 122.9 214.9 117.2 89.7 9.9 56.5 -34.7 110.5 -92.9 88.6 54
Real estate investment trusts credit market instruments asset 23.8 25.7 87.9 66.9 57.5 -53.0 -36.2 -48.8 -135.8 8.6 -39.4 55
Security brokers and dealers credit market instruments, excluding corporate equities asset 28.4 79.6 -29.2 82.3 106.2 219.7 279.7 -199.0 436.3 362.0 174.2 56
Funding corporations credit market instruments, excluding corporate equities asset -102.1 28.6 47.0 47.5 36.9 -97.1 -13.9 156.4 -2.5 -528.3 344.7 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