Chart 3
Private non-financial corporation borrowing

billions of dollars -10 -5 0 5 10 15 20 25 Jan. 2022 Feb. 2023 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)
January 2022 8.1 0.8 -0.8 8.1
February 2022 7.8 1.2 3.2 12.2
March 2022 6.3 1.6 11.6 19.4
April 2022 12.9 2.9 -1.5 14.3
May 2022 9.9 2.6 -3.5 9.1
June 2022 11.7 2.6 -6.6 7.7
July 2022 14.4 2.0 -2.0 14.4
August 2022 13.3 1.2 0.3 14.9
September 2022 13.4 0.8 -1.5 12.7
October 2022 7.9 1.5 -3.7 5.8
November 2022 -0.5 1.5 4.0 5.0
December 2022 6.6 1.4 -4.6 3.4
January 2023 3.9 1.2 0.0 5.1
February 2023 11.9 0.5 1.2 13.6
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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