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FEDERAL RESERVE statistical release C.2 Aggregate Summa.-ies of Annual Surveys of Securities Credit ExtensioA. as of June 30. 1989 Data collected by the Federal Reserve Board in annual surveys of margin account credit extensions by lenders subject to tile provisions of Regulations T and G (covering brokea·s and other nonbank lenders. a-espectively) are summarized in the attached release. This information also will be avaihihle ia the Annual Statistical Di&est to be published later this year. January 31, 1990 SECURITIES CREDIT REPORTED BY LENDERS SUBJECT TO MARGIN REGULATION 1 JUNE 30, 1989 (In millions of dollars) Regulation T Lenders Credit Total Margin accounts3 Plan lenderS' NYSE members 32.473 32.473 Other broker~ and dealers 12 12 Total Regulation G L..:enders Total 3.534 492 3,042 36,019 32,977 3.042 32.485 32.485 SECURITIES CREDIT BY SOURCE (In million of dollars) O~Lsrigngbng on 1 Brokers Banks 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 1985 23.605 n.a. 507 24,112 1986 30.649 n.a. 366 31,015 1987 37.502 n.a. 580 38.082 1988 29.754 n.a. 1.474 31.228 Others Total 32.485 n.a. 3.534 1989 36.019 n.a.-- not available. I. 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 the NYSE. 3. Includes credit extended on stock, non-convertible bonds, and convertible bonds under the new consolidated method of reporting under Regulation T. 4. Includes credit extended to finance JlUrchases through qualified stock option and emtJioyee stock 1mrchase and ownershiJJ Jllans. ~---------------------------- 1 REPORT OF BROKERS CARRYING MARGIN ACCOUNTS As of last business day of June 1989 ASSETS 1. Debit balances due from public customers in: a. Margin accounts2. b. Cash accounts . c. Nonsecurities accounts . d. Other accounts . e. Total (Sum of items 1a through 1d above) 2. Debit balances in firm investment and trading accounts . 3. Amount to be received for securities held under repurchase agreements 4. All other assets . 5. Total Assets (Sum of items 1 through 4 above) Dollar Amounts millions thousands 140 32.485 6.194 837 963 024 324 965 39.967 114.303 191.486 966 195 662 83.888 429.646 885 708 13.455 18.295 114 LIABILITIES AND CAPITAL 6. Credit balances due to public customers in: a. Margin accounts . . . . . . . . . . . . . . . . . . . . . . . . . . b. Cash accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Nonsecurities accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . d. Other accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e. Total (Sum of items 6a through 6d above) . . . . . . . . . . . . . . . . 7. Credit balances in firm investment and trading accounts . . . . . . . . . . 4.475 1.505 37 731 823 292 540 63 045 769 994 8. Balances due on loans from: a. U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --11.112 875 b. Foreign banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other lenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d. Total (Sum of items 8a through 8c above) . . . . . . . 9 Amount to be repaid for securities sold under repurchase agreemen s 10. All other liabilities and capital • . . . . . . . . . . . . . . . . . . 11.Total Liabilities and Capital (Sum of items 6 through 10 above) 3.839 429 20,313 584 _ _~ t-...;;;;.;~..;..;:..-+-...;:;.;::...:... Memorandum 35.265 888 205 750 706 87,852 351 429.646 708 Actual Count 12.Number of margin accounts in: a. Debit status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Credit status . . . . . . . . . . . . . . . . . . . c. Total (Sum of items 12a through 12b above) . . . . . 918.562 1. 759.307 2.677,869 1 . Includes NYSE member firms and Amex member firms. See Federal Reserve Annual Statistical Q.iQe.s1 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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