Haver Analytics
Haver Analytics
Global| Sep 21 2017

PUT NEW TT HERE: U.S. Financial Accounts Exhibit Mixed Pattern of Q1 Borrowing as Total Borrowed Slowed

Summary

The Federal Reserve's Financial Accounts data show continued slowing of debt issuance in U.S. financial markets in Q1 2017. The total came to $1,197 billion at a seasonally adjusted annual rate, down from $1,742 billion in Q4. The [...]


The Federal Reserve's Financial Accounts data show continued slowing of debt issuance in U.S. financial markets in Q1 2017. The total came to $1,197 billion at a seasonally adjusted annual rate, down from $1,742 billion in Q4.

The Financial Accounts data are in Haver's FFUNDS database. Associated information is compiled in the Integrated Macroeconomic Accounts produced jointly with the Bureau of Economic Analysis (BEA); these are carried in Haver's USNA database.

Financial Accounts (SAAR, Bil.$) Q2'17 Q1'17 Q4'16 2016 2015 2014 2013 Total Borrowing* 1197 1742 3101 2550 2108 2308 2036 Federal Government -523 464 1285 843 725 736 857 Households 474 569 510 515 405 404 236 Nonfinancial Corporate Business 582 16 518 402 515 408 392 Financial Sectors 269 81 501 433 163 318 250 *Previously called "credit market borrowing" and includes debt securities plus loans. The total here includes noncorporate business, state and local government and foreign sectors, not shown separately.
  • Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo.   At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm.   During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.

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