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 | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total mortgages; asset | FA893065005 | 1256.8 | 1331 | 633.2 | 1274.1 | 871.1 | 719.9 | 630 | 724.2 | 458.6 | 1 |
| All sectors; one-to-four-family residential mortgages; asset | FA893065105 | 892.8 | 899.5 | 380.1 | 887.6 | 499.2 | 372.8 | 389.1 | 478 | 280.7 | 2 |
| All sectors; multifamily residential mortgages; asset | FA893065405 | 146 | 165.9 | 115 | 157.3 | 160.5 | 128.3 | 113.7 | 114.8 | 103.2 | 3 |
| All sectors; commercial mortgages; asset | FA893065505 | 182.2 | 255.1 | 117.8 | 218.7 | 201 | 199 | 107.1 | 111 | 54.3 | 4 |
| All sectors; farm mortgages; asset | FA893065603 | 35.8 | 10.4 | 20.2 | 10.5 | 10.5 | 19.9 | 20.1 | 20.4 | 20.4 | 5 |
| All sectors; total mortgages; asset | FA893065005 | 1256.8 | 1331 | 633.2 | 1274.1 | 871.1 | 719.9 | 630 | 724.2 | 458.6 | 6 |
| Households and nonprofit organizations; total mortgages; liability | FA153165005 | 842.2 | 863.5 | 393.1 | 852 | 486.3 | 381.8 | 400 | 491.6 | 298.9 | 7 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 414.6 | 467.5 | 240.1 | 422.1 | 384.8 | 338.1 | 230 | 232.6 | 159.7 | 8 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | 74.3 | 155.4 | 58.2 | 156.4 | 101.3 | 102.3 | 38.7 | 58.8 | 32.9 | 9 |
| Nonfinancial noncorporate business; total mortgages; liability | FA113165005 | 340.3 | 312.1 | 182 | 265.7 | 283.5 | 235.8 | 191.4 | 173.8 | 126.8 | 10 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| All sectors; total mortgages; asset | FA893065005 | 1256.8 | 1331 | 633.2 | 1274.1 | 871.1 | 719.9 | 630 | 724.2 | 458.6 | 12 |
| Households and nonprofit organizations; total mortgages; asset | FA153065005 | 6.1 | -8.9 | -3.3 | -8.1 | -8.9 | -1.4 | -5.6 | -2.1 | -4.2 | 13 |
| Nonfinancial corporate business; total mortgages; asset | FA103065005 | 14.4 | 21.2 | 21.4 | 10.8 | 16.3 | 41.9 | 18.8 | 17.1 | 7.8 | 14 |
| Nonfinancial noncorporate business; total mortgages; asset | FA113065005 | -1.8 | 3.8 | 1 | 2.9 | 3.1 | 1.2 | 1.9 | 0.6 | 0.2 | 15 |
| Federal government; total mortgages; asset | FA313065005 | 6 | 13.4 | 8.1 | 19.6 | 13.7 | 6.8 | 4.3 | 11.7 | 9.5 | 16 |
| Federal government; total mortgages held by Ginnie Mae; asset | FA313065015 | -0.3 | -0.2 | -2 | -0.2 | -0.2 | -0.8 | -2.7 | -2.5 | -2.1 | 17 |
| 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 | 3.4 | 4.4 | 6 | 3.1 | 8 | 4.2 | 3.3 | 9.9 | 6.5 | 18 |
| Federal government; total mortgages held by FHA; asset | FA313065035 | 2.9 | 9.2 | 4.1 | 16.7 | 5.9 | 3.4 | 3.7 | 4.3 | 5.1 | 19 |
| 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 | 20 |
| State and local governments; total mortgages; asset | FA213065005 | 7.7 | 7.7 | 8 | 7.6 | 7.7 | 7.8 | 7.9 | 8.1 | 8.3 | 21 |
| Private depository institutions; total mortgages; asset | FA703065005 | 212.6 | 624.5 | 256 | 756.6 | 542.6 | 361.9 | 229.8 | 249.9 | 182.2 | 22 |
| U.S.-chartered depository institutions; total mortgages; asset | FA763065005 | 146.5 | 519.3 | 205.1 | 627.3 | 460.7 | 302.9 | 170.5 | 193.2 | 153.9 | 23 |
| Foreign banking offices in the U.S.; total mortgages; asset | FA753065005 | 10.1 | 15.5 | -1.1 | 13.6 | 14 | -0.2 | 7.7 | -9.4 | -2.4 | 24 |
| Banks in U.S.-affiliated areas; total mortgages; asset | FA743065003 | -1.5 | 0.3 | 0.5 | 1.6 | 0.1 | 0 | -0.2 | 1.2 | 1.1 | 25 |
| Credit unions; one-to-four-family residential mortgages; asset | FA473065100 | 57.5 | 89.3 | 51.4 | 114.2 | 67.8 | 59.1 | 51.9 | 64.9 | 29.6 | 26 |
| Property-casualty insurance companies; commercial mortgages, including those held by U.S. residual market reinsurers; asset | FA513065505 | 3.4 | 2.7 | 1.8 | 2 | -1.8 | 0.4 | 5.2 | 0.5 | 1.3 | 27 |
| Life insurance companies; total mortgages; asset | FA543065005 | 47.6 | 69.9 | 49.8 | 48.3 | 50.8 | 48.3 | 60.8 | 46.4 | 43.8 | 28 |
| Private pension funds; total mortgages; asset | FA573065005 | 1.1 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | 1 | 0.8 | 0.9 | 29 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.3 | -0.2 | -1.3 | 2.8 | -5.1 | 0.8 | -3.6 | -0.2 | -2.1 | 30 |
| Government-sponsored enterprises; total mortgages; asset | FA403065005 | 783.1 | 400.9 | 105.6 | 239.7 | 146.5 | 64.1 | 161.5 | 147.6 | 49.2 | 31 |
| Government-sponsored enterprises; total mortgages held by Fannie Mae (includes all GSEs before 2000:Q4); asset | FA403065015 | 309.6 | 177.5 | 28.3 | 43.5 | 67.2 | 7.8 | 65.3 | 31.1 | 9 | 32 |
| Government-sponsored enterprises; total mortgages held by Freddie Mac; asset | FA403065025 | 462.9 | 213.7 | 66.8 | 189.2 | 73.4 | 58.3 | 84.2 | 100 | 24.7 | 33 |
| Government-sponsored enterprises; total mortgages held by Farm Credit System; asset | FA403065045 | 16.9 | 8.4 | 5 | 8.4 | 7 | -6.8 | 5.5 | 10.1 | 11.1 | 34 |
| Government-sponsored enterprises; total mortgages held by FHLB; asset | FA403065035 | -7.3 | 0.6 | 4.9 | -1 | -1.8 | 5.1 | 5.7 | 6.4 | 2.3 | 35 |
| Government-sponsored enterprises; farm mortgages held by Farmer Mac; asset | FA403065653 | 1.1 | 0.7 | 0.6 | -0.4 | 0.8 | -0.4 | 0.9 | 0 | 2 | 36 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 73.5 | 186.1 | 182.7 | 209.3 | 181.7 | 139.7 | 193.2 | 222.5 | 175.5 | 37 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Ginnie Mae pool; asset | FA413065015 | 45.8 | 187.9 | 181.3 | 215.5 | 190 | 151.8 | 197.2 | 217.7 | 158.7 | 38 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Freddie Mac pool; asset | FA413065025 | 28 | -1.6 | 0.9 | -6 | -8 | -11.9 | -6.3 | 5.1 | 16.8 | 39 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Fannie Mae pool; asset | FA413065045 | -0.6 | -0.1 | -0.2 | -0.2 | -0.2 | -0.2 | -0.2 | -0.2 | -0.2 | 40 |
| Agency-and GSE-backed mortgage pools; farm mortgages held in a Farmer Mac pool; asset | FA413065653 | 0.3 | -0.1 | 0.7 | -0 | -0.2 | -0 | 2.5 | -0.1 | 0.3 | 41 |
| 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 | 42 |
| Issuers of asset-backed securities; total mortgages; asset | FA673065005 | 57.7 | 11.9 | 24.6 | 18.2 | -88.3 | 76.3 | -3 | 54.1 | -28.9 | 43 |
| Finance companies; total mortgages; asset | FA613065000 | -13.5 | -11.4 | -9.4 | -14.8 | 0 | -20.8 | -4.8 | -13.7 | 1.7 | 44 |
| Mortgage real estate investment trusts; total mortgages; asset | FA643065075 | 59.4 | 8.7 | -12.6 | -21.8 | 12.2 | -7.7 | -37.4 | -19 | 13.6 | 45 |
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: March 7, 2024