Table B-74.--Credit market borrowing, 1989-98--Continued [Billions of dollars; quarterly data at seasonally adjusted annual rates] ___________________________________ _ ________ _ ________ _ ________ _ ________ _ 1997 Item ________ _ ________ _ ________ _ ________ I II III IV ___________________________________ _ ________ _ ________ _ ________ _ ________ _ NONFINANCIAL SECTORS DOMESTIC................................................................................................................................................................................................................. 675.9 617.7 829.6 955.1 FEDERAL GOVERNMENT................................................................................................................................................................................................................. 64.9 -43.5 30.3 40.8 Treasury securities................................................................................................................................................................................................................. 66.3 -43.8 31.2 39.0 Budget agency securities and mortgages......................................................................................................................-1.4 0.2 -0.9 1.7 NONFEDERAL, BY INSTRUMENT.....................................................................................................................611.0 661.2 799.2 914.3 Commercial paper................................................................................................................................................................................................................. 7.2 20.3 14.5 12.8 Municipal securities and loans..........................................................................................................................34.1 59.6 88.9 103.2 Corporate bonds................................................................................................................................................................................................................. 79.4 86.1 122.9 74.4 Bank loans n.e.c.................................................................................................................................................................................................................. 140.7 118.1 31.6 138.7 Other loans and advances................................................................................................................................................................................................................. 34.2 20.8 78.0 141.6 Mortgages................................................................................................................................................................................................................. 253.0 296.7 413.0 405.8 Home................................................................................................................................................................................................................. 218.2 211.4 334.2 309.3 Multifamily residential................................................................................................................................................................................................................. 4.1 12.9 6.6 22.3 Commercial................................................................................................................................................................................................................. 28.6 68.4 67.9 71.6 Farm................................................................................................................................................................................................................. 2.1 4.1 4.3 2.6 Consumer credit................................................................................................................................................................................................................. 62.5 59.5 50.3 37.8 NONFEDERAL, BY SECTOR.........................................................................................................................611.0 661.2 799.2 914.3 Household sector................................................................................................................................................................................................................. 334.9 329.7 362.9 394.9 Nonfinancial business................................................................................................................................................................................................................. 259.2 289.1 363.8 427.1 Corporate................................................................................................................................................................................................................. 206.4 214.5 291.5 347.5 Nonfarm noncorporate................................................................................................................................................................................................................. 47.8 68.6 66.8 70.6 Farm................................................................................................................................................................................................................. 4.9 6.0 5.5 9.0 State and local governments................................................................................................................................................................................................................. 16.9 42.5 72.6 92.3 FOREIGN BORROWING IN THE UNITED STATES.........................................................................................................................31.2 61.7 92.5 42.3 Commercial paper................................................................................................................................................................................................................. 15.5 10.4 -11.6 0.7 Bonds................................................................................................................................................................................................................. 15.5 38.7 100.3 32.4 Bank loans n.e.c.................................................................................................................................................................................................................. -0.7 11.5 7.3 15.7 Other loans and advances................................................................................................................................................................................................................. 0.9 1.2 -3.5 -6.5NONFINANCIAL DOMESTIC AND FOREIGN BORROWING......................................................................................................................707.1 679.3 922.1 997.4 FINANCIAL SECTORS BY INSTRUMENT................................................................................................................................................................................................................. 336.5 657.1 595.5 987.9 Federal Government related................................................................................................................................................................................................................. 105.7 286.2 161.0 298.1 Government-sponsored enterprises securities.....................................................................................................................-8.9 198.1 46.4 157.9 Mortgage pool securities................................................................................................................................................................................................................. 114.6 88.1 114.6 140.3 U.S. Government loans................................................................................................................................................................................................................. 0.0 0.0 0.0 0.0 Private financial sectors................................................................................................................................................................................................................. 230.9 370.9 434.5 689.8 Open market paper................................................................................................................................................................................................................. 176.6 77.0 168.8 244.2 Corporate bonds................................................................................................................................................................................................................. 61.7 229.4 194.8 345.8 Bank loans n.e.c.................................................................................................................................................................................................................. 6.5 -6.0 23.2 30.7 Other loans and advances................................................................................................................................................................................................................. -20.1 63.0 37.5 61.7 Mortgages................................................................................................................................................................................................................. 6.2 7.5 10.1 7.3 BY SECTOR................................................................................................................................................................................................................. 336.5 657.1 595.5 987.9 Commercial banking................................................................................................................................................................................................................. 14.4 76.4 32.5 61.0 Savings institutions................................................................................................................................................................................................................. -16.8 31.9 22.3 41.7 Government-sponsored enterprises....................................................................................................................-8.9 198.1 46.4 157.9 Federally related mortgage pools..........................................................................................................................114.6 88.1 114.6 140.3 Asset-backed securities issuers........................................................................................................................85.8 120.7 226.2 385.1 Finance companies................................................................................................................................................................................................................. 5.6 120.5 8.9 59.6 Funding corporations................................................................................................................................................................................................................. 129.7 -21.5 115.4 99.2 Other\1\................................................................................................................................................................................................................. 12.2 42.9 29.1 43.2 ALL SECTORS BY INSTRUMENT................................................................................................................................................................................................................. 1,043.7 1,336.4 1,517.6 1,985.3 Open market paper................................................................................................................................................................................................................. 199.3 107.7 171.7 257.7 U.S. Government securities................................................................................................................................................................................................................. 170.6 242.6 191.3 338.9 Municipal securities and loans..........................................................................................................................34.1 59.6 88.9 103.2 Corporate and foreign bonds..........................................................................................................................156.6 354.2 418.1 452.7 Bank loans n.e.c.................................................................................................................................................................................................................. 146.5 123.6 62.2 185.1 Other loans and advances................................................................................................................................................................................................................. 15.0 85.0 112.0 196.8 Mortgages................................................................................................................................................................................................................. 259.2 304.2 423.1 413.1 Consumer credit................................................................................................................................................................................................................. 62.5 59.5 50.3 37.8 ___________________________________ _ ________ _ ________ _ ________ _ ________ _ Source: Board of Governors of the Federal Reserve System.annual rates] ________ _ ________ _ ________ _ 1998 ________ _ ________ _ ________ I II III ________ _ ________ _ ________ _ 922.1 938.0 930.6 -30.0 -70.9 -136.5 -27.6 -69.4 -136.1 -2.4 -1.4 -0.4 952.1 1,008.9 1,067.0 53.9 6.6 88.4 116.7 100.1 84.1 157.2 160.8 88.0 55.8 157.3 142.6 83.2 37.9 78.0 428.1 481.2 497.8 324.1 360.5 365.8 19.9 22.6 22.9 80.0 91.9 103.9 4.0 6.2 5.3 57.3 65.1 88.2 952.1 1,008.9 1,067.0 437.2 469.8 472.7 420.6 460.2 521.6 331.4 354.6 404.7 81.4 98.2 110.2 7.9 7.4 6.7 94.3 78.9 72.7 68.5 86.6 -27.0 56.0 -24.8 6.9 14.3 107.5 -34.8 5.2 8.4 3.5 -7.0 -4.4 -2.6990.6 1,024.7 903.5 839.8 1,012.9 992.8 227.3 413.4 561.6 142.5 166.4 294.0 84.8 247.0 267.5 0.0 0.0 0.0 612.5 599.5 431.2 237.4 134.8 141.0 315.5 373.5 158.8 18.9 7.2 41.1 32.7 76.0 82.3 8.0 8.0 8.0 839.8 1,012.9 992.8 83.5 80.0 78.2 10.6 31.2 63.7 142.5 166.4 294.0 84.8 247.0 267.5 254.4 367.2 272.4 80.1 101.8 -13.6 142.8 -28.6 -19.1 41.0 48.0 49.6 1,830.3 2,037.6 1,896.3 347.3 116.6 236.2 197.3 342.5 425.1 116.7 100.1 84.1 487.0 641.8 212.0 79.9 172.9 187.2 108.9 109.4 157.6 436.1 489.2 505.8 57.3 65.1 88.2 ________ _ ________ _ ________ _