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... - ..,.. .. C.2 Aggregate Summaries of Annual Surveys of Security Credit Extension, as of June 30, 1983 Data collected by the Federal Reserve Board in annual surveys of margin account credit extensions by lenders subject to the provisions of Regulations T and G (covering brokers and other nonbank lenders, respectivelyj are summarized in the attached release. The survey form for brokers has been substantially revised and shortened from that used in previous years, but the details of margin lending have not been materially affected by the revisions. This information will also be available in the Annual Statistical Digest to be published later this year. April 4, 1984 SECURITY CREDIT REPORTED BY LENDERS SUBJEC':( TO MARGIN REGULATION, JUNE 30, 19831'/' (In millions of dollars) lNSE members Securities credit, subject to margin requirements: l'iargin accounts3/ "Plan lenders" 4/ •.. Total ••••••• ~ •••. Regulation T Other brokers21 and dealers Total 18,737 5 18,}42 18,737 5 18,742 Regulation G 108 100 208 Total 18,850 100 181950 MARGIN CREDIT BY SOURCE (In ~illions of dollars) Outstanding on June 30 Brokers Banks Others 1973 ••••••••••••••• 6,432 3,139 256 9,827 197 4 • .•••.•••••••.. 5,267 3,287 225 8, 779 1975 ••••••••••••••• 5,608 3,419 206 9,233 1976 . •..•..•.••••.. 7,360 3,814 183 11,357 1977 ••••••••••••••• 9,726 3,517 136 13,379 1978 ••••••••••••••• 11,479 1/ 197 11,676~/ 1979 .•••.•••...••-... 11,921 1/ 170 12,091~/ 1980 ••••••••••••••• 11,619 1/ 173 11,792~/ 1981 ••••••••••••••• 15,26'} 1/ 260 15,529~/ 1982 ••••••••••••••• 11,870 1/ 277 12 , 1471/ - 1983 .•..•. ...•..•.. 18,742 1/ 208 18,95o:_l 1. 2. 3. 4. Total 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 Exehange. Margin accounts include credit extended on stock, non-convertible bonds, and convertible bonds under the new consolidated method of reporting in Regulation T. Includes credit extended to finance purchases through qualified stock option and employee stock purchase plans. REPORT OF BROKERS CARRYING MARGIN ACCOUNTS AS OF JUNE 30, 1983.!? ASSETS 1. Debit balances due from public customers In: · a. Margin account~~ .........••..•...........•........•.••.•••.......•••.....••.....•• b. Cash accounts c. Nonsecurltles accounts •...............................•..•..•...•..........•........ d. Other accounts ................•........................•.....•.....••....•.••.•.... e. Total (Sum of Items 1a through 1d above) Dollar Amount (In thousands) million thousand ............................................... 18,742 5,542 186 1,827 26,299 477 425 561 577 040 2. Debit balances In firm Investment and trading accounts ..•....••..•......•••......••.•...... 47,547 507 3. Amount to be received for securities held under repurchase agreements 51,447 526 4. All other assets ....................... . ...................................................................... 36.494 196 26q ..................................................................... 5. Total Assets (Sum of Items 1 through 4 above) .•........................•......•.•.•..•...•. 161.788 Memorandum Actual Count 12. Number of margin accounts In: 946,423 a. Debit status ...•......••...••••••..•••.••••.•.••••••••••••••••.••.•••••••..••••••••• .__...:;..:...::.J:...:.:::.::...--t 1.182.529 b. Credit status ........•.•.••.• • •• • · • • • • • • • · · • · · • · • · · • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • t-..--=...~:.:.:::.::..z.:,g~1 . ~~--1 c. Total (Sum of ltems12a and 12b above) ••.•••.•••••.•...•.•••••••••••••••••••.•••••••••• L-~2::.a·•..!;1=.28l:!.'•u2.__---J .a..Lo 1/ Includes member firms of either NYSE or AMEX. See Federal Reserve Annual Statistical Digest for comparable data from previous years. 2/ Conceptually equivalent to credit extended by brokers, as reported monthly in the Federal Reserve's Bulletin tables on Stock Market Customer Financing.
@FedFRASER