Chart 3
Private non-financial corporation borrowing

billions of dollars -15 -10 -5 0 5 10 15 20 25 Dec. 2023 2024 Jan. 2025 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 2023 -0.6 2.1 -0.2 1.4
January 2024 -11.9 2.0 2.8 -7.1
February 2024 -7.6 1.7 16.4 10.5
March 2024 0.1 1.4 1.6 3.0
April 2024 10.5 2.7 1.0 14.2
May 2024 3.5 3.1 6.6 13.3
June 2024 -2.4 2.4 9.2 9.2
July 2024 0.9 3.1 3.7 7.7
August 2024 -1.1 1.6 13.9 14.3
September 2024 3.5 1.9 3.7 9.0
October 2024 6.9 3.0 9.2 19.1
November 2024 2.9 1.6 1.9 6.4
December 2024 -8.1 1.8 -1.7 -8.0
January 2025 4.6 2.3 2.8 9.7
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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