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; c.2 Aggregate Summaries of Annual Surveys of Security Credit Extension, as of June 30, 1979 Data collected by the Federal Reserve Board in annual surveys of margin account credit ext~nsions by lenders subject to the provisions of Regulations T and G (covering brokers and other nonbank lenders, respectively) is summarized in the attached release. This information will also be available in the Annual Statistical Digest to be published later this year. SECURITY CREDIT REPORTED BY LENDERS SUBJECT TO MARGIN REGULATION, JUNE 30, (In millions of dollars) NYSE members Margin credit: Subject to margin requirements: Margin stock .•...... Convertible bonds Subscription issues .. "Plan lenders" 11 .... ... Tot a 1 . . . . . . . . . . . . . 11,722 173 6 -- 11,901 Regulation T Other brokers and dealers 2/ 20 0 0 -20 Total Regulation G 121~/ 11,742 173 -- 6 -- 49 170 11,921 197~/ Total 11,863 173 6 49 12,091 MARGIN CREDIT BY SOURCE (In millions of dollars) Outstanding on June 30 1972 . ............... ·Brokers 8,061 Banks 2,552 Others 255r Total 10,868r 1973 . ............... 6,432 3,139 256r 9,827r 1974 . ................ 5,267 3,287 225 8,779 1975 .............. "'. .. 5,608 3,419 206 9,233 1976 . ................ . 7,360 3,814 183r 11,357r 1977 . ............... 9, 726 3,517 136r 13,379r 1978 . ................. 11,479 !/ 197r 11,676-r!/ 1979 •.•••.•.••.••••• 11,921 !/ 170 12,091!/ !/ Comparable annual data for bank lending under Regulation U ceased to be collected after June 1977. £/ Includes data for firms that are members of the American Stock Exchange but not of the New York Stock Exchange. 11 Credit extended to finance purchases through qualified stock option and employee stock purchase plans. !/ Includes some credit extended to purchase a~d carry convertible bonds. c.2 DETAILED DEBIT AND CREDIT BALANCES AT BROKERS CARRYING MARGIN ACCOUNTS, AS OF JUNE 30, 1979 !/ Totolol DEBITS .2. . .cwlt.lea......_. J . . .ewhlea eold, deU•~ 1. Deb.lt bel8acaa clue from all other cuato••ra. e xclueJ•• of each-• •...aten a..,. Ja thl8 flna. aiUed ••ch-ae .... (e) 8tock (c) lubecrlpt:lon • •-.Ia ecc...eeY--- account-!L-------- (d) Caah accouate <•) (Total) I n --.1a acc.,.,J:l. (b) C•vertlbleiHmd ----------- OtMr ----····--········-··---· ..··----········- ~~~ .. ........ (P•IIHI to ... u 4. •aT ....., ttaa..cee dH rro. ....... I"-• of (loo II:•• Dola.n-c:-o O.Ulod) - • "ROiL ---------....._., ..............._ ..a a.-·--------- a. eo• • - - LII:DOII:II: BALAIICU -------------~ -·-··-·--·----- N 7/J. ''tQ H"i~ 172 'i 2327 1050 'i7Q 7R1 068 708 11R 'iQ7 639 918 6. NET debJt balancu in individual inveetment and tredinl accouata of nch-.• •emb... e or eUled ezchanae ro.embera In thl• flftll 1. Debit . .1-.cee Ia lira laveeU.et~t (a) Ia finD I~Weaa..at account a - - - - - - ""b.£. Ola.? 167 ".t'ila. 741 15298 878 325 ...•• I ._,olth••• Sc ld •• 584 115 2448 627 502 166 'i".t2 601 897 520 334 1Q7 675 108 279 ~I -------------------------- ' ------------·------------------- 15932 . ------------------------4·-562 161"'1Q ---------------------------------------· t61558 ---·---------------------··----- I. All olber dftll t.a.cea ------······-··---lO. TOTAL OF JTitiiS 1-9 (EquaU Item 21). _ _ _ CREmTS I -~ ...........a-Tolol (II:XCLUDIJIQ oubonllootod b-lnc •• _._.. •• In l l - 16) -----------ltl7922 A 117 eoarce(a) Pro. tt.aka . . . lftat c ......... Ill .... York c ..,_.... _________ liM (d) Pro• otber l•dera (NOT lac!~_.._. 8 8)' collat .... t •"' ' • ........ .....,,1 of •tlollal oeewllleonc. . . . .o ) - - - - - - - - - - - - - ,. s - o t t... •• •••••her• 1ft the u.•·---·t--7=-".::::::-+......~::-""""11-""':~-1 . . . . U.l. ••eacJoa of foNip .._.. -----------·+--"""''•-+~......_-t-...._....,-i (II) ...... b-.ka - · tnaat c~padl•• (c) altould eqUII.I 5 116 1. C-.ciltJ' . . . . - . oa depoait with banka • .ncl c . . .odlt)' paai'MitJ' r..da on depoel.t - - - · - - - - - - - - · 11. 581_ 1136 -.I tndiDC eccount a (11) Ia fU. ,,...._ ead UDderwrJU. . eccouat DJJ2 _890 5819 310 325 liM 2178 029 278 liBel 214 5005 855 126 267 839 liBel - (a) . . c ..... b7' cuat.-en• collal:•al (I) &aUnt,. by ob....tloaa of U.l. OoY...-..t lo u lta a1eaclea - - - - - - - - - - - - - - - - - (2) Satlrel)' b,. boeda odler ~~~- c_._.Jble ..._.. ... u.a. a.......... aec ....llaa _ _ _ _ _ 4 _ _ __ a, ..,....• ..,. aecwltJaa or •••d coUataral -----Secured br collateral or the flraa or of each. .ae mambo,.. (3) (b) a--- ll8e2 luaolthoee ........ or allied ••ch-ae moBlbora in the fi,.. (I) ll:adnl~..,. ........_ . of V.I. elliould w 4969 220 888 1052 171 56.5 872 3344 810 IIBbl 1158 138 325 Uk Ita ..-clae - - - - - - - - - - - - - - - - - - - - (2) &MINI,. b,. lloada . . . . lhaa CGaYntlble ......... v.a. ao.._ ... ••--••••• - - - - - - - - - - (3) lb..,......., aOCW'Itlee er ....tl cela.tenl - - - (c) U.......a ........... .,.... - • ..,_._,.,.to . . . .,., credit•• - - - - - - - - - - - - - - - - IIBbl llllb2 2588 ·------------------- • _.54!.9 ------------------- 486 ·---------------- - - ---· - 6443 2 12. •curt.tlee 1-.d - - - - - - - - - - - - - - - - - - - - - - - as. . .euritlee ........ deUw...,. . . . . . . . (Pailed to recel... ) - - - - - - - - - 14. N8T cMdlt ta.a-cee • • to •elllbor flnae of eettoaal aecwltl•• • . . . . _ . 15. Crecllt balancaa • • to other cualollleu exclual•• of ••chena• •OBibera o r allied oachan1e . .mbera in thle flnn. (Total) Jn ----··--- --·· 767 339 489 646 I 701 319_ 1 099 615 I I ~ ~~~~~~~~_.._._~~1~~~!~~~:1 . ::~:::~::l::.!:e:jl~:~=:~jim:iim~::sm:::]•• Uo Sum of theae ahould equal 15 :::1/U 11. Credit bat.ncea •d ....., bonowed whiclt. . . ....,..,. . ted to • ...,., crodlton uncler •ppro•ed ..,......... _ 17. N&T credit balaacea ln the individual inve.atment and tradlnc accowata of exchan1• tDelllbora or allied 693 u 008 •••"-.. mo•b••• .. lhlo fino -··--········-··-······-··-··-·········------·--------l--:;-ri-82:-+~;.r.....f--;;.;;.-l 967 001 l-_7;..;;5..;:3..;:2:;.._t-..:;.;:..;;._-l-::.;;;.;;..-l •• ... Cndit ltol•••• .. , . . . . . . ._ , - ....... - - · - - - - - - - - - - - - - - - -...- ..... 19. MaT balenca ln cepltal accowtl• (••ctualve of •ubordlnatod lndebtedneaa •• included ln Item 16) AND pi'Oiil 20. All other credit 129 246 ···-··········-------··4·----·-····---·-1--'3~0~90~-+-'~L...-j.~~~ " 013 585 20 balance•·-······················--··-··-············-············-············-··········--··-·---·-······-------··-········-·······t-'_l~l7l~l~97._t-~..,.'--t-~,_.~ 601 675 21 IOl····-········-············-············-··--····--····-··----·--··----····--··--······--··;•.6;.1;;;,;;;5,;;5~8-l.o.;,;;.;;_,.__.,;..,j • d lo•• accouata AND 1eneral partners' d1'8wlnc accouot•-··-···--··-···-··· .. 21. TOTAL OP ITI!MS 11·2D (ll:quolo Item 22. (llemot'andum) Allllount to be rep•ld for sacuritiea sold un.der repurch••• ••reementa..-------··-----··-··-·---·------·-··-1•20148 408 I 688 122 Includes member firms of either NYSE or AMEX. See Federal Reserve Annual Statistical Digest for comparable data from previous years. -----Conceptually equivalent to credit extended by bcokers, as reported monthly in the Federal Reserve's Bulletin tables on Stock Market Customer Financing.
@FedFRASER