Stock Market · Investors and margin debt

Margin Loans at Brokers and Dealers (since 1945)

What brokers and dealers are owed by their customers, mostly margin loans for buying securities (Federal Reserve Financial Accounts, quarterly). It is a broader measure than FINRA's margin statistics.

YearAverageYear close
1945$1.3B$1.3B
1946$0.6B$0.6B
1947$0.6B$0.6B
1948$0.6B$0.6B
1949$1.0B$1.0B
1950$1.5B$1.5B
1951$1.4B$1.4B
1952$1.5B$1.5B
1953$1.8B$1.9B
1954$2.2B$2.7B
1955$3.1B$3.1B
1956$3.1B$3.1B

Source: FRED BOGZ1FL663067003Q (Security Brokers and Dealers; Receivables Due from Customers (Margin Loans and Other Receivables); Asset, Level). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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