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FEDERAL RESERVE statistical release C.2 Aggregate Summaries of Annual Surveys of Securities Credit Extension, .as of June 30, 1990 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 also will be available in the Annual Statistical Digest to be published later this year. July 26, 1991 SECURITIES CREDIT REPORTED BY LENDERS SUBJECT TO MARGIN REGULATION 1 JUNE 30, 1990 (In millions of dollars) Regulation T Lenders Credit Total Margin accounts3 Plan lenderS' NYSE members 30,043 30,043 Other broker~ and dealers 11 11 Total Regulation G L.:enders Total 6,838 579 6,259 36,892 30,633 6,259 30,054 30,054 SECURITIES CREDIT BY SOURCE (In million of dollars) o~Ls~gng~g on 1 Brokers Banks Others 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 1989 32,485 n.a. 3,534 36,019 1990 30,054 n.a. 6,838 36,892 Total 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 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 purchases through qualified stock option and employee stock purchase and ownership plans. REPORT OF BROKERS CARRYING MARGIN ACCOUNTS 1 As of last business day of June 1990 Dollar Amounts 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} millions thousands 30,053 544 5,806 538 964 610 37,434 552 365 110,697 999 162,069 509 799 100,361 342 410,563 649 16,765 814 16,118 271 4,000 5,594 014 42 478 71 829 102 709 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 . 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. Amount to be repaid for securities sold under repurchase agreements . . 10. All other liabilities and capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.Total Liabilities and Capital (Sum of items 6 through 10 above} Memorandum 12.Number of margin accounts in: a. Debit status . . . . . . . . . . . . . . . . . . . . . . . b. Credit status ..................... . c. Total (Sum of items 12a through 12b above} . . . . . 1. Includes NYSE member firms and Amex member firms. Qjg,est for comparable data from previous years .. 003 6,175 155 3,013 20,414 272 426 29,602 853 181 '762 84,890 056 929 410,563 649 - Actual Count 910,708 1,843,393 2,754,101 See Federal Reserve Annual Statistical 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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