Financial Accounts of the United States - Z.1
F.217 Total Mortgages (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total mortgages; asset | FA893065005 | 762.2 | 1260.9 | 1335.4 | 1563.9 | 1625.5 | 1266.6 | 885.5 | 725.3 | 632.3 | 1 |
| All sectors; one-to-four-family residential mortgages; asset | FA893065105 | 479.4 | 894.4 | 892.5 | 1088.5 | 1109.7 | 874.9 | 496.8 | 369.6 | 380.5 | 2 |
| All sectors; multifamily residential mortgages; asset | FA893065405 | 133.2 | 146.8 | 165.7 | 166.9 | 175.1 | 153.5 | 167.4 | 130 | 115.5 | 3 |
| All sectors; commercial mortgages; asset | FA893065505 | 129 | 184 | 252.4 | 284.1 | 316 | 213.2 | 196.4 | 199.2 | 109.6 | 4 |
| All sectors; farm mortgages; asset | FA893065603 | 20.7 | 35.7 | 24.8 | 24.5 | 24.7 | 25 | 25 | 26.4 | 26.7 | 5 |
| All sectors; total mortgages; asset | FA893065005 | 762.2 | 1260.9 | 1335.4 | 1563.9 | 1625.5 | 1266.6 | 885.5 | 725.3 | 632.3 | 6 |
| Households and nonprofit organizations; total mortgages; liability | FA153165005 | 411.1 | 855.4 | 851.2 | 1036 | 1056 | 834.1 | 478.7 | 372 | 384.9 | 7 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 349.4 | 414.4 | 467.3 | 506.1 | 554.1 | 403.5 | 405.7 | 354.6 | 262 | 8 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | 21.2 | 124.4 | 143.8 | 167.2 | 170 | 126.4 | 111.6 | 114.2 | 66.2 | 9 |
| Nonfinancial noncorporate business; total mortgages; liability | FA113165005 | 328.1 | 290 | 323.5 | 338.8 | 384.2 | 277.1 | 294.1 | 240.4 | 195.9 | 10 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| Equity real estate investment trusts; total mortgages; liability | FA123165005 | 1.8 | -8.9 | 16.8 | 21.9 | 15.3 | 29 | 1.2 | -1.3 | -14.6 | 12 |
| All sectors; total mortgages; asset | FA893065005 | 762.2 | 1260.9 | 1335.4 | 1563.9 | 1625.5 | 1266.6 | 885.5 | 725.3 | 632.3 | 13 |
| Households and nonprofit organizations; total mortgages; asset | FA153065005 | -1.5 | 6 | -1.8 | -1.4 | -3.1 | -1 | -1.7 | -0.2 | -4.4 | 14 |
| Nonfinancial corporate business; total mortgages; asset | FA103065003 | 8 | 9.2 | 12.4 | 11.5 | 12.1 | 12.7 | 13.4 | 14.1 | 14.9 | 15 |
| Nonfinancial noncorporate business; total mortgages; asset | FA113065005 | 2.6 | 3.8 | 3.8 | 4.6 | 4.6 | 2.9 | 3.1 | 1.2 | 1.9 | 16 |
| Federal government; total mortgages; asset | FA313065005 | 3.4 | 6 | 13.4 | 7.2 | 13 | 19.6 | 13.7 | 6.8 | 4.3 | 17 |
| Federal government; total mortgages held by Ginnie Mae; asset | FA313065015 | -0.2 | -0.3 | -0.2 | -0.3 | -0.2 | -0.2 | -0.2 | -0.8 | -2.7 | 18 |
| Federal government; total mortgages Federal Farmers Home Administration (FmHA), excluding one-to-four-family residential mortgages held by the Federal Financing Bank; asset (2) | FA313065075 | 2.5 | 3.4 | 4.4 | 2.1 | 4.3 | 3.1 | 8 | 4.2 | 3.3 | 19 |
| Federal government; total mortgages held by FHA; asset | FA313065035 | 1.1 | 2.9 | 9.2 | 5.4 | 9 | 16.7 | 5.9 | 3.4 | 3.7 | 20 |
| Federal government; total mortgages held by Federal Financing Bank, Public Housing Administration (PHA), RTC, and VA; asset (3) | FA313065095 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 |
| State and local governments; total mortgages; asset | FA213065005 | 5 | 7.7 | 7.7 | 7.7 | 7.7 | 7.6 | 7.7 | 7.8 | 7.9 | 22 |
| Private depository institutions; total mortgages; asset | FA703065005 | 87.7 | 212.6 | 622.6 | 376.8 | 819.8 | 756.6 | 537 | 358.4 | 223.7 | 23 |
| U.S.-chartered depository institutions; total mortgages; asset | FA763065005 | 41.1 | 146.5 | 518.6 | 296.3 | 692.8 | 627.3 | 458.1 | 302.5 | 169.6 | 24 |
| Foreign banking offices in the U.S.; total mortgages; asset | FA753065005 | 0.6 | 10.1 | 14.3 | 15.3 | 17.3 | 13.6 | 11 | -0.7 | 7.8 | 25 |
| Banks in U.S.-affiliated areas; total mortgages; asset | FA743065003 | 0.3 | -1.5 | 0.3 | -0.4 | -0 | 1.6 | 0.1 | -2.5 | -0.2 | 26 |
| Credit unions; one-to-four-family residential mortgages; asset | FA473065100 | 45.6 | 57.5 | 89.3 | 65.6 | 109.8 | 114.2 | 67.8 | 59.1 | 46.6 | 27 |
| Property-casualty insurance companies; commercial mortgages, including those held by U.S. residual market reinsurers; asset | FA513065505 | 1.4 | 3.4 | 2.7 | 7.7 | 3.1 | 2 | -1.8 | 0.4 | 5.2 | 28 |
| Life insurance companies; total mortgages; asset | FA543065005 | 25.5 | 46.2 | 66.2 | 88.8 | 80.6 | 44.6 | 50.7 | 48.9 | 59.6 | 29 |
| Private pension funds; total mortgages; asset | FA573065005 | 1.1 | 1.1 | 0.8 | 0.7 | 0.8 | 0.9 | 1 | 0.5 | 1.4 | 30 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.9 | -0.3 | 3 | -0.4 | 11.3 | -8.2 | 9.3 | 6.3 | 4.7 | 31 |
| Government-sponsored enterprises; total mortgages; asset | FA403065005 | 632.9 | 783.1 | 400.9 | 806.2 | 411.4 | 239.7 | 146.5 | 64.1 | 161.5 | 32 |
| Government-sponsored enterprises; total mortgages held by Fannie Mae (includes all GSEs before 2000:Q4); asset | FA403065015 | 290.4 | 309.6 | 177.5 | 377.7 | 221.6 | 43.5 | 67.2 | 7.8 | 65.3 | 33 |
| Government-sponsored enterprises; total mortgages held by Freddie Mac; asset | FA403065025 | 335.3 | 462.9 | 213.7 | 415.7 | 176.5 | 189.2 | 73.4 | 58.3 | 84.2 | 34 |
| Government-sponsored enterprises; total mortgages held by Farm Credit System; asset | FA403065045 | 14.9 | 16.9 | 8.4 | 8 | 10.3 | 8.4 | 7 | -6.8 | 5.5 | 35 |
| Government-sponsored enterprises; total mortgages held by FHLB; asset | FA403065035 | -9.7 | -7.3 | 0.6 | 4.1 | 1.2 | -1 | -1.8 | 5.1 | 5.7 | 36 |
| Government-sponsored enterprises; farm mortgages held by Farmer Mac; asset | FA403065653 | 1.9 | 1.1 | 0.7 | 0.7 | 1.7 | -0.4 | 0.8 | -0.4 | 0.9 | 37 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 22.3 | 73.5 | 186.1 | 152.6 | 201 | 209.3 | 181.7 | 139.7 | 193.2 | 38 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Ginnie Mae pool; asset | FA413065015 | -14.2 | 45.8 | 187.9 | 153 | 193 | 215.5 | 190 | 151.8 | 197.2 | 39 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Freddie Mac pool; asset | FA413065025 | 37.7 | 28 | -1.6 | -0.3 | 8 | -6 | -8 | -11.9 | -6.3 | 40 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Fannie Mae pool; asset | FA413065045 | -1.1 | -0.6 | -0.1 | -0.1 | -0 | -0.2 | -0.2 | -0.2 | -0.2 | 41 |
| Agency-and GSE-backed mortgage pools; farm mortgages held in a Farmer Mac pool; asset | FA413065653 | -0.2 | 0.3 | -0.1 | -0 | 0 | -0 | -0.2 | -0 | 2.5 | 42 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Federal Farmers Home Administration (FmHA) pool, excluding one-to-four-family residential mortgages held by the Federal Financing Bank; asset (2) | FA413065035 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43 |
| Issuers of asset-backed securities; total mortgages; asset | FA673065005 | -9.9 | 57.7 | 11.9 | 81.2 | 36.5 | 18.2 | -88.3 | 76.3 | -3 | 44 |
| Finance companies; total mortgages; asset | FA613065000 | -7.2 | -13.5 | -11.4 | -20.6 | -10.3 | -14.8 | 0 | -20.8 | -4.8 | 45 |
| Real estate investment trusts; total mortgages; asset | FA643065005 | -8.2 | 64.6 | 17.1 | 41.4 | 37 | -23.6 | 13.5 | 21.9 | -33.7 | 46 |
NOTES
- Sum of one-to-four-family residential mortgages (table L.218), multifamily residential mortgages (table L.219), commercial mortgages (table L.220), and farm mortgages (table L.221).
- 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.
- Other includes Department of Veterans Affairs, Federal Financing Bank, Public Housing Administration, and Resolution Trust Corporation.
Last Update: September 11, 2023