[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



MONEY STOCK, CREDIT, AND FINANCE


[[Page 416]]


Table B-75.--Mortgage debt outstanding by type of property and of financing, 1945-98
[Billions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Nonfarm properties                      Nonfarm properties by type of mortgage
---------------------------------------------------------------------------------------------------
Government underwritten           Conventional\2\
All        Farm                         Multi-             -----------------------------------------------------------
End of year orquarter     properties  properties            1-to 4-   family  Commercial                1- to 4-family houses
Total    family   proper-    proper-            ------------------------------             1-to 4-
houses     ties      ties     Total\1\             FHA        VA        Total    family
Total   insured  guaranteed            houses
--------------------------------------------------------------------------------------------------------------------------------------------------------
1945........................       35.5        4.8       30.8      18.6      5.7       6.4         4.3      4.3      4.1        0.2       26.5      14.3
1946........................       41.8        4.9       36.9      23.0      6.1       7.7         6.3      6.1      3.7        2.4       30.6      16.9
1947........................       48.9        5.1       43.9      28.2      6.6       9.1         9.8      9.3      3.8        5.5       34.1      18.9
1948........................       56.2        5.3       50.9      33.3      7.5      10.2        13.6     12.5      5.3        7.2       37.3      20.8
1949........................       62.7        5.6       57.1      37.6      8.6      10.8        17.1     15.0      6.9        8.1       40.0      22.6

1950........................       72.8        6.1       66.7      45.2     10.1      11.5        22.1     18.8      8.5       10.3       44.7      26.3
1951........................       82.3        6.7       75.6      51.7     11.5      12.5        26.6     22.9      9.7       13.2       49.1      28.9
1952........................       91.4        7.2       84.2      58.5     12.3      13.4        29.3     25.4     10.8       14.6       54.9      33.2
1953........................      101.3        7.7       93.6      66.1     12.9      14.5        32.1     28.1     12.0       16.1       61.5      38.0
1954........................      113.7        8.2      105.4      75.7     13.5      16.3        36.2     32.1     12.8       19.3       69.3      43.6
1955........................      129.9        9.0      120.9      88.2     14.3      18.3        42.9     38.9     14.3       24.6       78.0      49.3
1956........................      144.5        9.8      134.6      99.0     14.9      20.7        47.8     43.9     15.5       28.4       86.8      55.1
1957........................      156.5       10.4      146.1     107.6     15.3      23.2        51.6     47.2     16.5       30.7       94.6      60.4
1958........................      171.8       11.1      160.7     117.7     16.8      26.1        55.2     50.1     19.7       30.4      105.5      67.6
1959........................      190.8       12.1      178.7     130.9     18.7      29.2        59.3     53.8     23.8       30.0      119.4      77.0

1960........................      207.5       12.8      194.7     141.9     20.3      32.4        62.3     56.4     26.7       29.7      132.3      85.5
1961........................      228.0       13.9      214.1     154.6     23.0      36.5        65.6     59.1     29.5       29.6      148.5      95.5
1962........................      251.4       15.2      236.2     169.3     25.8      41.1        69.4     62.2     32.3       29.9      166.9     107.1
1963........................      278.5       16.8      261.7     186.4     29.0      46.2        73.4     65.9     35.0       30.9      188.2     120.5
1964........................      305.9       18.9      287.0     203.4     33.6      50.0        77.2     69.2     38.3       30.9      209.8     134.1
1965........................      333.3       21.2      312.1     220.5     37.2      54.5        81.2     73.1     42.0       31.1      231.0     147.4
1966........................      356.5       23.1      333.4     232.9     40.3      60.1        84.1     76.1     44.8       31.3      249.3     156.9
1967........................      381.2       25.1      356.1     247.3     43.9      64.8        88.2     79.9     47.4       32.5      267.9     167.4
1968........................      411.1       27.5      383.5     264.8     47.3      71.4        93.4     84.4     50.6       33.8      290.1     180.4
1969........................      441.6       29.4      412.2     283.2     52.2      76.9       100.2     90.2     54.5       35.7      312.0     193.0

1970........................      473.7       30.5      443.2     297.4     60.1      85.6       109.2     97.3     59.9       37.3      333.9     200.2
1971........................      524.2       32.4      491.8     325.9     70.1      95.9       120.7    105.2     65.7       39.5      371.1     220.7
1972........................      597.4       35.4      562.0     366.5     82.8     112.7       131.1    113.0     68.2       44.7      430.9     253.5
1973........................      672.6       39.8      632.8     407.9     93.1     131.7       135.0    116.2     66.2       50.0      497.7     291.7
1974........................      732.5       44.9      687.5     440.7    100.0     146.9       140.2    121.3     65.1       56.2      547.3     319.4
1975........................      791.9       49.9      742.0     482.1    100.6     159.3       147.0    127.7     66.1       61.6      595.0     354.3
1976........................      878.6       55.4      823.2     546.3    105.7     171.2       154.1    133.5     66.5       67.0      669.0     412.8
1977........................    1,010.3       63.9      946.4     642.7    114.0     189.7       161.7    141.6     68.0       73.6      784.6     501.0
1978........................    1,163.0       72.8    1,090.2     753.5    124.9     211.8       176.4    153.4     71.4       82.0      913.9     600.2
1979........................    1,328.4       86.8    1,241.7     870.5    134.9     236.3       199.0    172.9     81.0       92.0    1,042.7     697.6

1980........................    1,464.8       97.5    1,367.3     970.2    141.0     256.1       225.1    195.2     93.6      101.6    1,142.2     775.0
1981........................    1,590.2      107.2    1,483.0   1,050.3    138.9     293.7       238.9    207.6    101.3      106.2    1,244.1     842.8
1982........................    1,675.6      111.3    1,564.3   1,097.4    140.8     326.1       248.9    217.9    108.0      109.9    1,315.4     879.5
1983........................    1,869.3      113.7    1,755.6   1,220.4    154.0     381.1       279.8    248.8    127.4      121.4    1,475.7     971.6
1984........................    2,113.1      112.4    2,000.7   1,361.6    177.0     462.2       294.8    265.9    136.7      129.1    1,705.8   1,095.7
1985........................    2,377.2      105.9    2,271.4   1,536.9    205.2     529.2       328.3    288.8    153.0      135.8    1,943.0   1,248.1
1986........................    2,661.5       95.2    2,566.3   1,742.9    238.4     585.0       370.5    328.6    185.5      143.1    2,195.8   1,414.3
1987........................    2,998.9       87.7    2,911.2   1,977.9    260.8     672.4       431.4    387.9    235.5      152.4    2,479.7   1,590.0
1988........................    3,315.6       83.0    3,232.6   2,219.1    277.5     736.0       459.7    414.2    258.8      155.4    2,773.0   1,804.9
1989........................    3,586.1       80.5    3,505.7   2,461.1    288.3     756.3       486.8    440.1    282.8      157.3    3,018.8   2,021.0

1990........................    3,800.8       78.9    3,721.9   2,674.2    286.9     760.7       517.9    470.9    310.9      160.0    3,203.9   2,203.3
1991........................    3,954.2       79.2    3,875.0   2,850.2    284.1     740.8       537.2    493.3    330.6      162.7    3,337.8   2,356.9
1992........................    4,068.9       79.7    3,989.2   3,018.7    274.0     696.4       533.3    489.8    326.0      163.8    3,455.9   2,529.0
1993........................    4,209.6       80.7    4,128.9   3,177.0    269.8     682.1       513.4    469.5    303.2      166.2    3,615.5   2,707.5
1994........................    4,392.8       83.0    4,309.8   3,355.5    271.7     682.6       559.3    514.2    336.8      177.3    3,750.5   2,841.3
1995........................    4,608.3       84.8    4,523.5   3,529.6    282.2     711.7       584.3    537.1    352.3      184.7    3,939.2   2,992.5
1996........................    4,932.2       87.3    4,844.9   3,761.1    300.9     782.9       623.2    574.1    379.2      194.9    4,221.7   3,187.0
1997........................    5,275.4       90.2    5,185.2   4,029.1    314.1     841.9       659.4    608.4    405.7      202.7    4,525.8   3,420.7

1996:I......................    4,688.8       85.2    4,603.5   3,596.4    284.7     722.5       592.3    544.3    357.2      187.2    4,011.2   3,052.1
II......................    4,774.5       86.4    4,688.0   3,632.5    292.6     763.0       599.5    551.9    362.5      189.3    4,088.6   3,080.6
III.....................    4,853.6       86.9    4,766.7   3,703.2    296.8     766.6       611.0    562.4    370.3      192.0    4,155.7   3,140.9
IV......................    4,932.2       87.3    4,844.9   3,761.1    300.9     782.9       623.2    574.1    379.2      194.9    4,221.7   3,187.0

1997:I......................    4,984.7       87.7    4,897.1   3,805.7    302.1     789.2       631.0    581.4    384.3      197.0    4,266.1   3,224.3
II......................    5,062.1       88.7    4,973.4   3,860.6    305.9     806.9       640.7    590.3    391.6      198.7    4,332.8   3,270.3
III.....................    5,177.3       89.6    5,087.7   3,956.7    308.0     823.0       647.1    596.6    395.6      201.0    4,440.5   3,360.1
IV......................    5,275.4       90.2    5,185.2   4,029.1    314.1     841.9       659.4    608.4    405.7      202.7    4,525.8   3,420.7

1998:I......................    5,373.6       91.1    5,282.5   4,101.1    319.6     861.8       665.3    614.2    410.4      203.8    4,617.2   3,486.9
II......................    5,496.7       92.7    5,404.0   4,192.2    325.9     886.0       664.2    613.3    410.1      203.3    4,739.8   3,578.8
IIIp....................    5,621.8       93.9    5,527.9   4,283.9    332.1     911.9       673.8    623.3    417.3      206.0    4,854.1   3,660.6
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\Includes FHA insured multifamily properties, not shown separately.
\2\Derived figures. Total includes commercial properties, and multifamily properties, not shown separately.

Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.