Saving, Investment, and the Financial System $-$ Discovering Data

Let's take a look at financial intermediation and the financial crisis and recession of $2007-2009.$ The accompanying graph illustrates the series

All Sectors; Total Loans; Liability. This series reflects all the lending in the U$.$S$.$ economy from banks and all other financial intermediaries. The series increases quite smoothly, rising almost without exception every single year from $1945$ to $2008.$ In the third quarter of $2008,$ the series begins to drop tremendously and in an unprecedented way$-$this is the financial crisis.

AL EDEN $.$I

Customize $|$ Download Data $|$ FRED $-$ Economic Data from the St$.$ Louis Fed

b$.$ In the third quarter of $2011,$ how much was being lent in the U$.$S$.$ economy?

$

million