Chart 3
Private non-financial corporation borrowing

billions of dollars -10 -5 0 5 10 15 20 25 Feb. 2022 Mar. 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)
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 4.0 1.2 -0.5 4.6
February 2023 11.9 0.5 1.2 13.6
March 2023 2.5 0.9 9.0 12.4
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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