Chart 3
Private non-financial corporation borrowing

billions of dollars -6 -4 -2 0 2 4 6 8 10 12 14 16 Aug. 2022 Sept. 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)
August 2022 13.0 1.0 0.3 14.4
September 2022 13.1 0.6 -1.5 12.2
October 2022 7.4 1.1 -3.7 4.9
November 2022 -1.0 1.1 4.0 4.1
December 2022 7.4 1.1 -4.6 3.9
January 2023 4.8 0.3 0.0 5.1
February 2023 10.5 -0.2 1.2 11.5
March 2023 1.4 0.1 11.0 12.6
April 2023 6.8 1.0 2.4 10.1
May 2023 5.1 0.7 0.6 6.4
June 2023 4.6 0.9 0.2 5.7
July 2023 -0.2 0.9 0.2 1.0
August 2023 4.4 0.0 1.1 5.5
September 2023 1.1 -0.6 4.5 5.0
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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