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C.2 Aggregate Summaries of Annual Surveys of Security Credit Extension, as of June 30, 1981 Data collected by the Federal Reserve Board in annual surveys of margin account credit extensions by lenders subject to the provisions of Regulation 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. \ March 18, 1982 \ l SECURITY CREDIT REPORTED BY LENDERS SUBJECT TO MARGIN REGULATION, JUNE 30, 19811/ (In millions of dollars) Regulation T Other NYSE brokers a/d members dealersl .. .!. Security credit, subject to margin requirements: Margin stock •...•••• Convertible bonds .•• Subscription issues. "Plan lenders" 11 rotal ••••••...••• .. Total 14,975 266 7 21 0 0 14,996 266 7 15,248 21 15,269 Regulation G 181~/ 79 260 Total 15,177 266 7 79 15,529 MARGIN CREDIT BY SOURCE (In millions of dollars) Outstanding on June 30 Brokers Banks Others 197 3 ..•...•.•....... 6,432 3,139 256 9,827 197 4 . ............... 5,267 3,287 225 8, 779 197 5 ..•...•.••....•. 5,608 3,419 206 9,233 1976 ..•.••.•.•...... 7,360 3,814 183 ll,357 19 77 .•....•.•...•.•• 9, 726 3,517 136 13,379 197 8 . ............... 11,479 1:/ 197 11,676.Y 1979 . ............... 11,921 1./ 170 12 ,on.!/ 1980 . ............... 11,619 ll 173 11,7921/ 1981 •.••.•......•••• 15,269 ll 260 15,529!/ Total ll Comparable annual data for bank lending under Regulation U ceased to be collected 11 11 ~/ after June 1977. Includes data for firms that are members of the American Stock Exchange but not of the New York Stock Exchange. Credit extended to finance purchases through qualified stock option and employee stock purchase plans. Includes some credit extended to purchase and carry convertible bonds. .----------------------------------------------------------------- c.2 DETAILED DEBIT AND CREDIT BALANCES AT BROKERS CARRYING ACCOUNTS, AS OF JUNE 30, 1981 l/ _ __ ---__ __ _____---.._ . -- __ ...··--- ______ .. ....... .. • .... ....._. C•••OIIIn.., • - . !Aj"ll"_n-o --~~ - - - 2 / .. ...,._,_--· ..................._,_ ..... _··· ..._. ----· 27 ,,, 16.1. , 11.' _ '·-.. __ -.. ----. All-- -··----------_ ................................. ........ ......__ t:to6 (01- 't2l. 1.1<\ "1~0 n77 001 611. f;Q7 Ul C?l! _._ .... Ill _ ·_----____ - ___ _...., . . _ _ .. v . L - 1 2 1 _ ... -O.L- ......... ... --····· .............. ..-.... ............. ............... ··-... ........... _............... (11 . . _ ~~- ~~~-- _. '7.J.E. _000 050 2<;0 1a15.425l 608 318 ~• R·rn 3'10 t.63 ,ll. 12 .130 352 •• 059 II _2_45_ V.L- .-.. 111 . . _ 233 76 118 052 1 171. 1.1.7 1.111 . . . .J ~01. /oQl. "~" ..... .....u 806 3.624 002 740 925 . . . .2 1,407 485 487 6 _. IS. ...................... . , . . . . _ _, , ••. aT . . . . . . . . . . . . . . . - . . , .-. ............ ..,....... .. .-. ... C::...t . . . _. . . . . . . . .. _... '0' ". "' 1. 1~n~ ....._. ... __....... .. . !~I: I ~~~~=----tt:il i; I fl .... I II (,._ ... o-t .......... -................ ...., _., ...... _.. 769 •a•J (ol-- aa........... . _ . ..... 319 _ . , o;L _.._.--. _ _ .., "'Q 865 688 32 _... __ -......... ..... _............ ·-- ,.____ ___ . .......................... ...... (21 -- 315 ......-r~~~==.::-1! I~ I~~1:: I. -= Cal_..,_ ' ,.'• • • $93,627 -cac..--•• ·---·-•.. ~Ql. 1.111 t;7t; nln 995 759 478 ~9.09~ . . 'IOTA&. or rrao..... , _..._211 • 25~ 3 56 23 97 57 ~~ n. - . . . . I I CoiCo- _S_Sr; 829 .. ... -····. _, '19 .537 r;r; Crl- tll- 1!. 1.7'1 4.. 0/o_S 2.609 ................ ---. .......................... ... MARGI~ _ll 790 967 u ........................................ IJ • •..,_.., ......................_. . . .. . _ _ . . , . . . _ . _ , • . . . . _ . . . . _ . . . . . . . IL •...._............... ,.,. ------------------------t---'U..1f-...ll.:&.l.-l-.lo'-Z.Io'-f" ~.-- ........ . . . . _ . . . . . . . _ _ . II , .. aT ...._•• Ia •-'••• .... . _ . f.-1-t .. ef ~~- ............ u ...........,_II) .utD ..-n _ . lea• ••--•• AND · -..aJ . . , _.... - - . . . . . . .• · - - - - - - - - - - - - - 11. 11. TOTAL 01' IT&MI U·1D r&...,aa h - Jl, , _ _ _ _ , ,.._, •• ' " ,.......... 11 11 11)----------------· All -···' ct'e•tt - · - · · · - - - - - - - - - - - - - - - - - - · - +-...::1.,..W1.4.....,j~--ii-'oU-fn -----1-l~"'""~-'~'-+-'~~~· ••••tt••• .................. ....-------------&35, 7'Jll 512 478 II 627 In Includes member firms of either NYSE or AMEX. See Federal Reserve~~ istical Digest for comparable data from previous year. Conceptually equivalent to credit extended by brokers, as reported monthly in the Federal Rese-rve's Bulletin tables on Stock Market Customer Financing.
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