Chart 3
Private non-financial corporation borrowing

billions of dollars -15 -10 -5 0 5 10 15 20 Dec. 2022 2023 Jan. 2024 Non-mortgage loansNon-mortgage loans Mortgage loansMortgage loans Net transactions in debt securitiesNet transactions in debt securities Total borrowing (loans and debt securities)Total borrowing (loans and debt securities)
Note(s):
Borrowing is defined as the month-to-month difference in the stock of outstanding loan liabilities plus the net transactions in debt securities. These data are unadjusted for seasonality.
Source(s):

Chart description


This is a combined line chart.

Private non-financial corporation borrowing, billions of dollars
  Non-mortgage loans Mortgage loans Net transactions in debt securities Total borrowing (loans and debt securities)
December 2022 6.8 1.3 -4.6 3.5
January 2023 9.0 1.1 0.0 10.1
February 2023 12.2 0.5 1.2 13.9
March 2023 3.1 0.8 11.0 15.0
April 2023 5.9 1.9 2.4 10.2
May 2023 9.4 1.7 0.6 11.7
June 2023 -3.4 1.9 0.2 -1.3
July 2023 1.1 1.7 0.2 3.1
August 2023 4.7 0.8 1.1 6.5
September 2023 1.0 0.2 4.5 5.6
October 2023 7.0 2.1 -2.8 6.3
November 2023 -2.9 2.0 7.1 6.2
December 2023 1.3 1.6 -0.3 2.6
January 2024 -13.7 1.5 2.1 -10.1
Note(s):
Borrowing is defined as the month-to-month difference in the stock of outstanding loan liabilities plus the net transactions in debt securities. These data are unadjusted for seasonality.
Source(s):
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