[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 417]]


Table B-76.--Mortgage debt outstanding by holder, 1945-98
[Billions of dollars]
----------------------------------------------------------------------------------------------------------------
Major financial institutions           Other holders
---------------------------------------------------------------
Federal
End of year  or quarter           Total              Savings                 Life       and      Indi-
Total   institu-  Commercial  insurance   related   viduals
tions\1\   banks\2\   companies    agen-      and
cies\3\  others\4\
----------------------------------------------------------------------------------------------------------------
1945..................................      35.5      21.0       9.6        4.8         6.6       2.4       12.1
1946..................................      41.8      26.0      11.5        7.2         7.2       2.0       13.8
1947..................................      48.9      31.8      13.8        9.4         8.7       1.8       15.3
1948..................................      56.2      37.8      16.1       10.9        10.8       1.8       16.6
1949..................................      62.7      42.9      18.3       11.6        12.9       2.3       17.5

1950..................................      72.8      51.7      21.9       13.7        16.1       2.8       18.4
1951..................................      82.3      59.5      25.5       14.7        19.3       3.5       19.3
1952..................................      91.4      66.9      29.8       15.9        21.3       4.1       20.4
1953..................................     101.3      75.1      34.9       16.9        23.3       4.6       21.7
1954..................................     113.7      85.7      41.1       18.6        26.0       4.8       23.2
1955..................................     129.9      99.3      48.9       21.0        29.4       5.3       25.3
1956..................................     144.5     111.2      55.5       22.7        33.0       6.2       27.1
1957..................................     156.5     119.7      61.2       23.3        35.2       7.7       29.1
1958..................................     171.8     131.5      68.9       25.5        37.1       8.0       32.3
1959..................................     190.8     145.5      78.1       28.1        39.2      10.2       35.1

1960..................................     207.5     157.6      87.0       28.8        41.8      11.5       38.4
1961..................................     228.0     172.6      98.0       30.4        44.2      12.2       43.1
1962..................................     251.4     192.5     111.1       34.5        46.9      12.6       46.3
1963..................................     278.5     217.1     127.2       39.4        50.5      11.8       49.5
1964..................................     305.9     241.0     141.9       44.0        55.2      12.2       52.7
1965..................................     333.3     264.6     154.9       49.7        60.0      13.5       55.2
1966..................................     356.5     280.8     161.8       54.4        64.6      17.5       58.2
1967..................................     381.2     298.8     172.3       59.0        67.5      20.9       61.4
1968..................................     411.1     319.9     184.3       65.7        70.0      25.1       66.1
1969..................................     441.6     339.1     196.4       70.7        72.0      31.1       71.4

1970..................................     473.7     355.9     208.3       73.3        74.4      38.3       79.4
1971..................................     524.2     394.2     236.2       82.5        75.5      46.4       83.6
1972..................................     597.4     450.0     273.7       99.3        76.9      54.6       92.8
1973..................................     672.6     505.4     305.0      119.1        81.4      64.8      102.4
1974..................................     732.5     542.6     324.2      132.1        86.2      82.2      107.7
1975..................................     791.9     581.2     355.8      136.2        89.2     101.1      109.6
1976..................................     878.6     647.5     404.6      151.3        91.6     116.7      114.4
1977..................................   1,010.3     745.2     469.4      179.0        96.8     140.5      124.6
1978..................................   1,163.0     848.2     528.0      214.0       106.2     170.6      144.3
1979..................................   1,328.4     938.2     574.6      245.2       118.4     216.0      174.3

1980..................................   1,464.8     998.6     603.1      264.5       131.1     256.8      209.4
1981..................................   1,590.2   1,042.8     618.5      286.5       137.7     289.4      258.0
1982..................................   1,675.6   1,023.4     578.1      303.4       142.0     355.4      296.8
1983..................................   1,869.3   1,110.0     626.7      332.3       151.0     433.4      325.8
1984..................................   2,113.1   1,247.8     709.7      381.4       156.7     490.6      374.7
1985..................................   2,377.2   1,363.5     760.5      431.2       171.8     581.9      431.8
1986..................................   2,661.5   1,476.5     778.0      504.7       193.8     733.7      451.3
1987..................................   2,998.9   1,667.6     860.5      594.8       212.4     858.9      472.3
1988..................................   3,315.6   1,834.4     924.6      676.9       232.9     937.8      543.5
1989..................................   3,586.8   1,935.2     910.3      770.7       254.2   1,067.3      583.6

1990..................................   3,800.8   1,918.8     801.6      849.3       267.9   1,258.9      623.0
1991..................................   3,954.2   1,846.2     705.4      881.3       259.5   1,422.5      685.6
1992..................................   4,068.9   1,770.5     628.0      990.5       242.0   1,558.1      740.3
1993..................................   4,209.6   1,770.6     598.4      947.8       224.4   1,682.8      756.2
1994..................................   4,392.8   1,819.8     596.2    1,012.7       210.9   1,787.7      785.3
1995..................................   4,608.3   1,900.1     596.8    1,090.2       213.1   1,877.1      831.2
1996..................................   4,932.2   1,981.9     628.3    1,145.4       208.2   2,012.3      938.0
1997..................................   5,275.4   2,082.8     631.8    1,244.2       206.8   2,118.4    1,074.2

1996:I................................   4,688.8   1,913.2     602.6    1,097.6       213.0   1,905.8      869.8
II................................   4,774.5   1,934.2     611.5    1,109.9       212.8   1,949.2      891.0
III...............................   4,853.6   1,959.4     627.8    1,123.2       208.4   1,981.8      912.4
IV................................   4,932.2   1,981.9     628.3    1,145.4       208.2   2,012.3      938.0

1997:I................................   4,984.7   1,993.4     626.4    1,160.1       206.9   2,035.2      956.1
II................................   5,062.1   2,033.2     629.1    1,196.5       207.7   2,055.0      973.8
III...............................   5,177.3   2,064.3     631.4    1,227.1       205.8   2,082.1    1,030.8
IV................................   5,275.4   2,082.8     631.8    1,244.2       206.8   2,118.4    1,074.2

1998:I................................   5,373.6   2,113.6     637.0    1,270.1       206.5   2,140.5    1,119.5
II................................   5,496.7   2,118.4     629.9    1,280.8       207.7   2,203.3    1,175.0
IIIp..............................   5,621.8   2,136.4     633.3    1,295.7       207.4   2,256.5    1,228.9
----------------------------------------------------------------------------------------------------------------
\1\Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance
Corporation-insured institutions include loans in process for 1987 and exclude loans in process beginning
1988.
\2\Includes loans held by nondeposit trust companies, but not by bank trust departments.
\3\Includes Government National Mortgage Association (GNMA), Federal Housing Administration, Veterans
Administration, Farmers Home Administration (FmHA), Federal Deposit Insurance Corporation, Resolution Trust
Corporation (through 1995), and in earlier years Reconstruction Finance Corporation, Homeowners Loan
Corporation, Federal Farm Mortgage Corporation, and Public Housing Administration. Also includes U.S.-
sponsored agencies such as Federal National Mortgage Association (FNMA), Federal Land Banks, Federal Home Loan
Mortgage Corporation (FHLMC), and mortgage pass-through securities issued or guaranteed by GNMA, FHLMC, FNMA
or FmHA. Other U.S. agencies (amounts small or current separate data not readily available) included with
``individuals and others.''
\4\Includes private mortgage pools.

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