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C.2 Aggregate Summaries of Annual Surveys of Securities Credit Extension, as of June 30, 1984 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, respectively) are summarized in the attached release. This information will also be available in the Annual Statistical Digest to be published later this year. April 12, 1985 ' SECURITIES CREDIT REPORTED BY LENDERS SUBJECT TO MARGIN REGULATION! JUNE 30, 1984 (In millions of dollars) Re~ulation Credit Total Margin accounts3 Plaa lenders4 NYSE members 22,496 22,496 T Lenders Other brokers2 Total and dealers 10 10 Regulation G Lenders Total 276 128 148 22,782 22,634 148 22,506 22,506 •Of' SECURITIES CREDIT BY SOURCE (In millions of dollars) Outstandink on June 30 C· Brokers Banks! Others Total! 1974 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 n.a. 197 11,676 1979 11 ,921 n.a. 170 12,091 1980 11,619 n.a. 173 11 '792 1981 15,269 n.a. 260 15,529 1982 11 ,870 n.a. 277 12,147 1983 18,742 n.a. 208 18 '950 1984 22,506 n.a. 276 22,782 n.a.--not available. 1. Comparable annual data for bank lending under Regulation U ceased to be collected after June 1977. 2. Includes data for firms that are members of the AMEX but not of the NYSE. 3. Includes credit extended on stock, non-convertible bonds, and convertible bonds under the new consolidated method of reporting in Regulation T. 4. Includes credit extended to finance purchases through qualified stock option and employee stock purchase plans. . REPORT OF BROKERS CARRYING MARGIN ACCOUNTS! JUNE 30, 1984 ASSETS Dollar Amount (In thousands) million thousand 1. Debit balances due f~om public customers In: a. Margin accounts ..............................•..•.................................. t-"......~~1--".L..Oo.--; b. Cash accounts ..................................................................... ,.._................."""-11--"""'"""--i c. Nonsecurltles accounts .......•...................................................... ,___.......,""'""1r--===--; d. Other accounts ...............................................................•..... ,___....._..'¥-11--"""'""""--i e. Total (Sum of Items 1a through 1d above) ............................................... t-=..,._."""""'........,r--==""""'--1 2. Debit balances In firm Investment and trading accounts .....................•............... t-==--~~r--===--; 3. Amount to be received for securities held under repurchase agreements ....................... .......,.........,'-L..o<'""'--!!-->'::z....l.--i 4. All other assets . . . • . . . . . . . . • . • • • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . • . . 39,029 646 210,665 822 5. Total Assets (Sum of Items 1 through 4 above) .............................................. .___ ___.....__ __... LIABILITIES AND CAPITAL 6. Credit balances due to public customers In: a. Margin accounts ...••....••.....•...............................•................... b. Cash accounts .............•.••....•....•.......................................... c. Nonsecurltles accounts ......•...•..•.........................·...................... . d. Other accounts •.•..••....•.................•..............•........................ e. Total (Sum of Items 6a through 6d above) .............................................. . 3,533 8,669 955 920 14,079 320 405 805 818 348 7. Credit balances In firm Investment and trading accounts .................................... . 35 262 058 8. Balances due on loans from: a. U.S. banks .............................................•.........•....•............ b. Foreign banks ...................•.................................................. c. Other lenders ...................................................................... . d. Total (Sum of Items Sa through Be above) ............................................... . 9,838 456 2 72Q fi"i"i 6. 712 19 280 647 758 9. Amount to be repaid for securities sold under repurchase agreements ...... ~ ................. . 90.951 804 10. All other liabilities and capital ..•.......................................•..............•. 51,091 854 11. Total Liabilities and Capital (Sum of Items 6 through 10 above) ............................... . 210,665 822 Memorandum 12. Number of margin accounts In: Actual Count a .. Debit status ....•....••................•.............................•.............. .,__1=-,;..,0""'8="'1,...;,;..,2,....,8,...2_---l b. Credit status ...........•..................................•......•.•.............•. t--:1=",~2~5:-:0~,~9:-:4~3'--~ c. Total (Sum of Items 12a and 12b above) ................................................. .___2;:;..;':...;3:;..:3:;..:2:..:,:..:2:.;:2:.:5'--__, 1. Includes NYSE member firms and AMEX member firms. See Federal Reserve Annual Statistical Digest for comparable data from previous years. 2. Conceptually equivalent to margin credit at broker-dealers, as reported monthly in the Federal Reserve Bulletin table, "Stock Market, Selected Statistics."
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