Haver Analytics
Haver Analytics
Global| Dec 10 2018

NEW TT

Summary

Borrowing in U.S. financial markets slowed in Q2 2018, according to the Federal Reserve's Financial Accounts data, totaling $2,596 billion at a seasonally adjusted annual rate, compared to $4,512 billion in Q1. The Financial Accounts [...]


Borrowing in U.S. financial markets slowed in Q2 2018, according to the Federal Reserve's Financial Accounts data, totaling $2,596 billion at a seasonally adjusted annual rate, compared to $4,512 billion in Q1.

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 as well as FFUNDS.

Financial Accounts (SAAR, Bil.$) Q3'18 Q2'18 Q1'18 2017 2016 2015 2014 Total Borrowing* 2737 3019 3930 2645 2539 2110 2251 Federal Government 1180 1186 2222 599 843 725 736 Households 516 444 470 569 468 325 301 Nonfinancial Corporate Business 389 653 294 490 407 584 425 Financial Sectors 216 255 384 347 464 190 289 *Previously called "credit market borrowing" and includes debt securities plus loans. The total here includes borrowing by noncorporate business, state & local governments 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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