Chart 3
Private non-financial corporation borrowing

billions of dollars -10 -5 0 5 10 15 20 25 Mar. 2024 Apr. 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)
March 2024 0.1 1.2 1.6 2.8
April 2024 9.5 2.9 1.0 13.4
May 2024 1.9 3.4 6.6 11.9
June 2024 -2.9 2.6 9.2 8.9
July 2024 1.3 3.4 3.7 8.5
August 2024 -0.7 1.9 13.9 15.0
September 2024 3.9 2.2 3.7 9.7
October 2024 8.2 3.3 9.6 21.1
November 2024 3.6 1.8 3.4 8.8
December 2024 -7.2 2.0 -1.7 -6.9
January 2025 8.8 2.9 3.5 15.3
February 2025 5.8 2.2 12.7 20.6
March 2025 2.2 1.1 -1.9 1.4
April 2025 -4.6 2.0 0.1 -2.5
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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