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~-----~--- ------ FEDERAL RESERVE statistical release ...... AprillO, 1995 C.2 Aggregate Summaries of Annual Surveys of Securities Credit Extension, as of June 30, 1994 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. I I SECURITIES CREDIT REPORTED BY LENDERS SUBJECT TO MARGIN REGULATION1 (Millions of (jollars) Regulation T Lenders Credit Total Margin accounts3 NYSE members Other brokers2 and dealers Total Regulation G Lenders 55,264 0 55,264 7,954 63,218 55,264 0 55,264 208 55,472 7,746 7,746 Plan lenders4 Total SECURITIES CREDIT BY SOURCE (in million of dollars) Others Total 1 11,921 170 12,091 1980 11,619 173 11,792 1981 15,269 260 15,529 1982 11,870 277 12,147 1983 18,742 208 18,950 1984 22,506 276 22,782 1985 23,605 507 24,112 1986 30,649 366 31,015 1987 37,502 580 38,082 1988 29,754 1,474 31,228 1989 32,485 3,534 36,019 1990 30,054 6,838 36,892 1991 34~536 7,675 42,211 1992 37,309 8,239 45,548 1993 44,757 8,003 52,760 1994 55,264 7,954 63,218 Outstanding on June 30 Brokers 1979 n.a.-- not available. 1. Collection of comparable annual data for bank lending under Regulation U ceased 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 a 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 1994 ASSETS 1. Debit balances due from public customers in: a. Margin accounts 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 55,264 31-0 6,185 337 1,807 142 370 937 64,194 159 173,129 255,252 532 388 240,660 733,236 689 768 26,889 24,094 253 711 8,138 28,683 534 465 87805 963 544 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 Ba through Be above) ...................... . 9. Amount to be repaid for securities sold under repurchase agreements .. 1O.AII other liabilities and capital .................................. . 11.Total Liabilities and Capital (Sum of items 6 through 10 above) ....... . 116 962 6,771 2,955 14,949 24,676 332,551 171,239 733,236 650 873 467 990 370 901 768 Memorandum 12.Number of margin accounts in:3 Actual Count a. Debit status . . . . . . . . . . . . . . . . . . . . . . . . . . . . .................... . b. Credit status . . . . . . . . . . . . . . . . . . . . . . . . . . . .................... . c. Total (Sum of items 12a through 12b above) .................... . 1,062,884 2,276,345 3,339,229 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." 3. One firm was excluded from the memorandum item 12, because it cannot provide numbers for Debit status and Credit status.
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