ECONOMIC

TABLE C-63.—Net public and private debt, 1929-72 *[Billions of dollars]PublicPrivateIndividual and noncorporateEnd of year192919331939194019411942_19431944194519461947.19481949 -19501951 __195219531954195519561957._.1958195919601961 _cv to a19631964 -1965 ..1966196719681969197019711972Total191.9168.5183.3189.8211.4258.6313.2370 6405.9396 6415.7431.3445.8486.2519.2550.2581.6605.9665.8698.4728.3769.6833.01, 243.61 338.7111 438.7582.5735.01 854.12 018.32 227.3FederalGovernment216. 524.342.644.856.101. 7154. 4211. q252. 5229.221. 7215.36?17 49m' 5226 8229. 16224. 30n4231241874.2 ?^q 8930.3 246. 7996.0 ?53 61, 070.9 257. 51, 151.6 264.0266.4271.8286.5291.9289.3301.1325.9341.2Federalfinancialagencies30.7.6.7.71.31.31.41.32.92.42.42.53.73.54.05.37.27.58.911.29.021.430.638.839.842.613.616.316.416.416.115.414.513.913.413.715.017.019.121.724.227.030.735.541.144.548.653.759.664.970.577.083.990.498.3104.8113.4123.9132.6144.8163.0176.5161.8127.9124.3128.6139.0141.5144.3144.8140.0153.4178.3198.4208.4246.4276.8300.4322.7340.0392.2427.2454.3482.4528.3566.1609.1660.1722.3789.7870.0950.81, 029.91, 145.41 ,282.61, 369. 4,489.6,667.011Total88.976.973.575.683.491.695.594.185.393.5108.9117.8118.0142.1162.5171.0179.5182.8212.1231.7246.7259.5283.3302.8324.3348.2376.4409.6454.3506.6553.7631.5734.2793.5858.6952.3Total72.951.050.853.055.649.948.850.754.759.969.480.690.4104.3114.3129.4143.2157.2180.1195.5207.6222.9245.0263.3284.8311.9345.8380.1415.7444.2476.2513.9548.4575.9631.0714.7Farrrl *Total?1? 60.79. 1 41.98. 8 42.0q 1 43.9q 46.39. 0 40.98 40.57. 7 42.97 3 47.478. 6 52.36 60.7in 8 69.71? 0 78.412. 92.013.7 100.615.2 114.216. 8 126.417.5 139.718.7 161.419.4 176.120.2 187.4?3 199.7?3 8 221.21 238.227 5 257.330 281.7312.636 0 344.139 3 376.442 4385 401.848 427.951 462.155 492.9728586367517.2567.8646.9Nonfarm31.226.325.026.127.126.826.126.027.031.837.242.447.154.861.768.976.786.498.7109.4118.1128.1141.0151.3164.5180.3198 6218.9236.8251.6266.9284.9303.9320.9352.6397.8StateandlocalgovernmentsCorporateMortgageCommercialandfinancial*49. 7 89.953. 92 96.260. 100.866. 4 110.867. 9 121.1195Consumer22. 411.79.87.13.97.29.5 8 3in 8.n 9.2l 6.09 4.911. 8 5.114. 712 15.78 411 q 11.61? q 14.4nq 17.48 21.516. 22.717 8 27.518 4 31.420. 8 32.524. n24.424.3?6 5?8 7838.842.345.045.151.556.134. 8 58.0V4?6 63.871.745. 0 80.369.76.91.127.2138.4157.61 Net public and private debt is a comprehensive aggregate of the indebtedness of borrowers after eliminating certaintypes of duplicating governmental and corporate debt.2 Net Federal Government and agency debt is the outstanding debt held by the public, as defined in the "Budget of theUnited States Government, for the Fiscal Year ending June 30,1975."3 This comprises the debt of federally sponsored agencies, in which there is no longer any Federal proprietary interest.The obligations of the Federal Land Banks are included beginning with 1947, the debt of the Federal Home Loan Banksis included beginning with 1951, and the debts of the Federal National Mortgage Association, Federal Intermediate CreditBanks, and Banks for Cooperatives are included beginning with 1968.* Farm mortgages and farm production loans. Farmers' financial and consumer debt is included in the nonfarm categories,s Financial debt is debt owed to banks for purchasing or carrying securities, customers' debt to brokers, and debt owedto life insurance companies by policyholders.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, Department of Agriculture,Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board, Federal Land Banks, andFederal National Mortgage Association.323