Table B-70: -Total funds raised in credit markets																									
"      by nonfinancial sectors, 1983-92"																									

"(Billions of dollars, quarterly data at seasonally adjusted annual rates)"																									
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
				Item		1983	1984	1985	1986	1987	1988	1989	1990	1991	 ----------- 1990 ------------				 ----------- 1991 ------------				----------- 1992 ----------		
															I	II	III	IV	I	II	III	IV	I	II	III
																									
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
          						Net credit market borrowing by nonfinancial sectors																			
Total net borrowing by domestic																									
   nonfinancial sectors						553.3 	765.4 	903.1 	893.8 	721.2 	775.8 	740.8 	665.0 	452.7 	883.5 	619.0 	653.9 	503.9 	455.4 	543.3 	405.6 	406.3 	667.5 	535.1 	379.9 
																									
	U.S. Government					185.2 	197.2 	225.7 	216.0 	143.9 	155.1 	146.4 	246.9 	278.2 	244.8 	203.8 	268.2 	270.8 	227.4 	276.7 	288.4 	320.4 	368.9 	351.9 	193.4 
																									
		Treasury issues				185.3 	197.4 	225.8 	215.6 	142.4 	137.7 	144.7 	238.7 	292.0 	215.2 	198.4 	269.5 	271.8 	251.4 	282.9 	317.2 	316.6 	380.1 	351.5 	184.4 
		Agency issues and mortgages				-0.1 	-0.2 	-0.1 	0.4 	1.5 	17.4 	1.6 	8.2 	-13.8 	29.6 	5.4 	-1.3 	-1.0 	-24.0 	-6.2 	-28.8 	3.8 	-11.2 	0.4 	9.0 
																									
	Private domestic nonfinancial sectors					368.1 	568.2 	677.4 	677.9 	577.3 	620.7 	594.4 	418.2 	174.4 	638.7 	415.2 	385.7 	233.0 	228.0 	266.6 	117.2 	85.9 	298.6 	183.2 	186.5 
																									
		Debt capital instruments				263.8 	334.6 	503.0 	523.1 	487.2 	474.1 	441.8 	342.3 	254.6 	486.9 	321.0 	283.4 	277.9 	296.1 	329.9 	182.0 	210.6 	312.9 	218.4 	196.4 
																									
			Tax-exempt obligations			54.4 	58.7 	178.6 	45.7 	83.5 	53.7 	65.0 	51.2 	45.8 	70.3 	54.7 	39.2 	40.6 	35.6 	48.5 	53.5 	45.5 	52.0 	73.0 	52.3 
			Corporate bonds			16.0 	46.1 	74.2 	127.1 	78.8 	103.1 	73.8 	47.1 	78.8 	27.5 	65.8 	29.8 	65.2 	76.7 	96.5 	81.7 	60.3 	76.3 	77.5 	61.3 
			Mortgages			193.4 	229.9 	250.3 	350.3 	325.0 	317.3 	303.0 	244.0 	130.0 	389.1 	200.4 	214.5 	172.1 	183.8 	184.8 	46.8 	104.8 	184.7 	67.9 	82.8 
																									
				Home mortgages		125.9 	143.8 	164.8 	252.6 	235.3 	241.8 	245.3 	219.4 	142.2 	333.1 	188.5 	193.8 	162.3 	153.0 	158.1 	122.4 	135.1 	209.6 	121.6 	147.2 
				Multi-family residential		14.1 	25.2 	29.8 	33.5 	24.4 	16.7 	16.4 	3.7 	-2 	1.2 	-7.1 	16.6 	3.9 	6.3 	12.5 	-29.4 	2.7 	-1.3 	-31.6 	-10.7 
				Commercial		51.0 	62.2 	62.2 	73.6 	71.6 	60.8 	42.7 	21.0 	-9.4 	55.4 	18.6 	2.8 	7.2 	24.6 	14.9 	-43.8 	-33.1 	-22.6 	-24.9 	-54.7 
				Farm		2.4 	-1.2 	-6.6 	-9.5 	-6.4 	-2.1 	-1.5 	-0.1 	-0.8 	-0.7 	0.4 	1.3 	-1.3 	-0.1 	-0.7 	-2.5 	0.0 	-1.1 	2.7 	1.1 
																									
			Other debt instruments			104.4 	233.5 	174.4 	154.8 	90.1 	146.6 	152.6 	75.8 	-80.2 	151.8 	94.2 	102.3 	-44.9 	-68.0 	-63.3 	-64.8 	-124.7 	-14.4 	-35.2 	-10.0 
																									
				Consumer credit		48.9 	81.7 	82.3 	57.5 	32.9 	50.1 	41.7 	17.5 	-12.5 	40.8 	21.4 	14.4 	-6.6 	-10.4 	-7.8 	-24.0 	-8.0 	3.1 	-12.4 	0.4 
				"Bank loans, n.e.c."		25.0 	67.9 	40.6 	63.6 	9.9 	41.0 	40.2 	4.4 	-33.4 	-7.6 	22.8 	10.9 	-8.4 	-15.0 	-34.5 	-18.2 	-66.1 	-26.9 	-21.5 	-23.3 
				Open-market paper		-0.8 	21.7 	14.6 	-9.3 	1.6 	11.9 	21.4 	9.7 	-18.4 	48.2 	-0.4 	25.3 	-34.1 	-14.3 	-15.9 	-36.3 	-7.0 	12.6 	-3.4 	1.7 
				Other		31.3 	62.2 	36.9 	43.0 	45.7 	43.6 	49.3 	44.2 	-15.8 	70.4 	50.4 	51.6 	4.3 	-28.3 	-5.2 	13.7 	-43.6 	-3.2 	2.1 	11.2 
																									
			By borrowing sector:			368.1 	568.2 	677.4 	677.9 	577.3 	620.7 	594.4 	418.2 	174.4 	638.7 	415.2 	385.7 	233.0 	228.0 	266.6 	117.2 	85.9 	298.6 	183.2 	186.5 
																									
				State & local governments		34.6 	35.7 	134.0 	59.2 	83.0 	48.9 	63.2 	48.3 	38.5 	73.9 	47.4 	37.3 	34.7 	36.0 	38.6 	37.6 	41.9 	46.1 	63.4 	50.0 
				Households		185.7 	232.7 	284.9 	319.4 	296.4 	318.6 	305.6 	254.2 	158.0 	390.0 	234.6 	232.5 	159.8 	160.8 	188.8 	136.1 	146.3 	217.1 	143.3 	148.1 
				Nonfinancial business		147.8 	299.8 	258.5 	299.3 	197.8 	253.1 	225.6 	115.6 	-22.1 	174.8 	133.2 	116.0 	38.6 	31.2 	39.2 	-56.5 	-102.4 	35.4 	-23.4 	-11.7 
																									
					Farm	3.9 	-0.4 	-14.5 	-16.3 	-10.6 	-7.5 	1.6 	2.5 	0.9 	5.8 	-3.6 	8.2 	-0.3 	3.9 	2.1 	-0.3 	-2.2 	-1.6 	7.1 	2.4 
					Nonfarm noncorporate	83.9 	123.2 	130.0 	100.7 	65.3 	61.8 	50.4 	26.7 	-23.6 	45.1 	25.4 	28.3 	7.9 	13.2 	9.8 	-65.9 	-51.5 	-20.7 	-65.6 	-51.4 
					Corporate	60.1 	177.0 	143.0 	214.8 	143.1 	198.8 	173.6 	86.4 	0.6 	123.9 	111.4 	79.4 	31.0 	14.0 	27.2 	9.7 	-48.7 	57.7 	35.2 	37.4 
																									
Foreign net borrowing in United States						17.3 	8.4 	1.2 	9.7 	6.2 	6.4 	10.2 	23.9 	14.1 	11.5 	35.8 	23.9 	24.2 	63.1 	-63.2 	15.6 	41.0 	9.9 	55.9 	30.1 
																									
	Bonds					3.1 	3.8 	3.8 	3.1 	7.4 	6.9 	4.9 	21.4 	14.9 	34.2 	19.6 	2.0 	29.6 	11.1 	10.6 	15.5 	22.3 	4.9 	22.8 	23.2 
	Bank loans n.e.c.					3.6 	-6.6 	-2.8 	-1.0 	-3.6 	-1.8 	-0.1 	-2.9 	3.1 	-9.7 	1.3 	2.0 	-5.2 	8.1 	-3.5 	1.4 	6.5 	1.5 	14.1 	3.4 
	Open-market paper					6.5 	6.2 	6.2 	11.5 	3.8 	8.7 	13.1 	12.3 	6.4 	-14.9 	23.1 	25.6 	15.6 	46.7 	-51.9 	16.0 	14.9 	-7.8 	27.7 	12.8 
	U.S. Government and other loans					4.1 	5.0 	-6.0 	-3.9 	-1.4 	-7.5 	-7.6 	-6.9 	-10.2 	1.9 	-8.2 	-5.6 	-15.8 	-2.8 	-18.3 	-17.2 	-2.7 	11.4 	-8.8 	-9.3 
																									
Total domestic plus foreign						570.7 	773.7 	904.3 	903.5 	727.4 	782.2 	750.9 	688.9 	466.8 	895.0 	654.8 	677.8 	528.1 	518.5 	480.1 	421.2 	447.3 	677.3 	591.0 	410.0 
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
							Direct and indirect supply of funds to credit markets																		
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total funds supplied to domestic 																									
   nonfinancial sectors  						553.3 	765.4 	903.1 	893.8 	721.2 	775.8 	740.8 	665.0 	452.7 	883.5 	619.0 	653.9 	503.9 	455.4 	543.3 	405.6 	406.3 	667.5 	535.1 	379.9 
																									
	Private domestic nonfinancial sectors					382.2 	473.4 	537.9 	424.6 	423.1 	460.7 	424.6 	290.4 	50.1 	569.6 	307.5 	184.3 	100.2 	313.0 	98.4 	-164.6 	-46.5 	343.4 	-77.6 	-275.3 
																									
		Deposits and currency				232.7 	313.9 	210.2 	296.4 	185.7 	234.5 	215.1 	86.6 	28.5 	184.8 	21.4 	94.8 	45.3 	263.6 	-92.1 	-29.3 	-28.2 	204.3 	-151.1 	-22.6 
																									
			Checkable deposits and currency			45.0 	37.5 	55.2 	115.6 	17.5 	27.3 	11.7 	21.9 	69.4 	43.4 	22.1 	28.0 	-6.0 	84.3 	23.3 	121.4 	48.7 	158.7 	60.3 	156.2 
			Time and savings deposits			200.5 	222.7 	131.9 	111.5 	120.2 	165.3 	105.6 	16.5 	-66.0 	91.8 	-4.3 	-30.6 	9.2 	47.4 	-63.5 	-143.0 	-104.9 	-86.1 	-182.8 	-161.0 
			Money market fund shares			-39.0 	49.0 	7.2 	43.2 	28.9 	20.2 	86.4 	54.4 	33.8 	108.2 	-43.6 	109.2 	43.6 	182.6 	-66.4 	-2.1 	21.1 	101.4 	-41.6 	-15.6 
			Security repurchase agreements			23.1 	9.8 	17.7 	20.2 	21.6 	32.9 	6.9 	-18.2 	-18.7 	-23.9 	17.3 	-27.3 	-38.7 	-52.2 	-4.5 	-20.6 	2.3 	33.4 	42.9 	12.5 
			Foreign deposits			3.1 	-5.1 	-1.7 	5.9 	-2.5 	-11.2 	4.4 	12.0 	10.0 	-34.7 	29.9 	15.4 	37.2 	1.4 	18.9 	15.1 	4.6 	-3.1 	-30.1 	-14.8 
																									
		Credit market instruments				149.5 	159.5 	327.7 	128.1 	237.4 	226.2 	209.6 	203.8 	21.6 	384.7 	286.1 	89.5 	54.8 	49.4 	190.5 	-135.3 	-18.2 	139.2 	73.5 	-252.7 
																									
	Foreign funds					40.8 	68.6 	80.9 	111.1 	105.5 	105.6 	64.1 	82.3 	20.6 	18.4 	88.0 	158.8 	63.8 	17.9 	-47.0 	73.9 	37.8 	93.6 	214.1 	173.6 
																									
		At banks				14.6 	8.8 	19.7 	12.9 	43.7 	9.3 	-9.9 	23.8 	-24.1 	8.4 	27.4 	80.9 	-21.3 	-1.3 	-98.4 	36.5 	-33.2 	5.2 	71.6 	115.2 
		Credit market instruments				26.2 	59.8 	61.2 	98.2 	61.8 	96.3 	74.1 	58.4 	44.7 	10.1 	60.6 	77.9 	85.1 	19.1 	51.4 	37.3 	71.0 	88.4 	142.5 	58.4 
																									
	"U.S. Government and related loans, net"					9.0 	16.5 	37.0 	18.6 	8.1 	-14.3 	-46.3 	17.3 	32.0 	39.1 	18.8 	93.3 	-81.9 	44.5 	91.3 	43.5 	-51.4 	118.8 	-79.7 	-35.6 
	U.S. Government cash balances					-5.3 	4.0 	10.3 	1.7 	-5.8 	7.3 	-3.4 	5.3 	5.5 	5.3 	1.4 	14.2 	0.4 	20.5 	-19.6 	6.5 	14.6 	-43.2 	21.2 	5.4 
	Private insurance and pension reserves					133.3 	159.8 	143.4 	187.6 	107.8 	182.8 	210.2 	175.9 	204.3 	94.0 	233.5 	147.5 	228.6 	277.7 	144.0 	267.2 	128.5 	54.6 	169.4 	263.2 
	Other sources					-6.6 	43.0 	93.6 	150.3 	82.5 	33.7 	91.5 	93.9 	140.1 	157.0 	-30.3 	55.9 	192.9 	-218.0 	276.2 	179.2 	323.1 	100.4 	287.6 	248.6 

Source:  Board of Governors of the Federal Reserve System.