[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



MONEY STOCK, CREDIT, AND FINANCE


[[Page 411]]


Table B-72.--Bank credit at all commercial banks, 1973-98
[Monthly average; billions of dollars, seasonally adjusted\1\]
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Securities in bank credit                             Loans and leases in bank credit
------------------------------------------------------------------------------------------------------------------
Real estate
Total                                                              ------------------------------
Year and month                               bank                   U.S.                   Total    Commercial               Re-
credit      Total    Government     Other    loans and      and                 volv-              Con-   Security   Other
securities  securities  securities  leases\2\  industrial    Total      ing     Other     sumer
home
equity
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December:
1973............................................................      660.4       180.5      90.5        90.1        479.9     167.3        123.3  ......      123.3   100.9     10.9     77.5
1974............................................................      725.4       185.6      88.7        96.9        539.8     198.7        136.7  ......      136.7   104.8     10.4     89.2

1975............................................................      758.8       221.8     119.8       102.1        537.0     188.9        141.9  ......      141.9   107.4     12.4     86.4
1976............................................................      818.5       245.3     140.1       105.2        573.2     191.5        156.0  ......      156.0   119.0     17.3     89.5
1977............................................................      905.7       253.4     140.4       112.9        652.4     211.3        183.8  ......      183.8   141.4     20.3     95.5
1978............................................................    1,021.6       259.4     141.7       117.8        762.2     246.2        220.9  ......      220.9   168.3     19.0    107.9
1979............................................................    1,133.3       266.6     148.1       118.5        866.7     285.6        252.6  ......      252.6   188.8     17.1    122.6

1980............................................................    1,226.4       300.8     174.3       126.4        925.7     317.1        272.9  ......      272.9   182.1     16.8    136.8
1981............................................................    1,319.0       313.8     182.4       131.4      1,005.2     356.0        294.5  ......      294.5   185.0     19.6    150.1
1982............................................................    1,424.0       339.1     204.5       134.6      1,085.0     397.5        309.1  ......      309.1   190.9     22.9    164.4
1983............................................................    1,573.7       402.9     261.7       141.2      1,170.8     419.7        337.5  ......      337.5   215.7     25.5    172.4
1984............................................................    1,743.5       406.8     263.1       143.7      1,336.7     480.1        383.4  ......      383.4   256.6     32.7    183.8

1985............................................................    1,925.2       453.8     272.7       181.0      1,471.4     505.7        432.3  ......      432.3   296.6     40.8    196.0
1986............................................................    2,106.5       506.5     310.4       196.2      1,599.9     541.9        500.8  ......      500.8   316.1     36.7    204.4
1987............................................................    2,252.0       534.0     338.6       195.4      1,718.0     570.5        590.7    31.0      559.7   330.2     34.9    191.7
1988............................................................    2,434.9       561.4     366.7       194.7      1,873.5     607.0        674.1    40.1      634.0   357.8     40.9    193.7
1989............................................................    2,609.5       584.4     400.2       184.3      2,025.1     638.8        769.3    50.3      718.9   378.4     41.8    196.8

1990............................................................    2,754.7       634.1     456.0       178.1      2,120.6     641.2        855.4    62.4      793.0   383.9     45.6    194.5
1991............................................................    2,859.3       745.9     566.0       179.9      2,113.3     619.8        880.0    69.7      810.3   366.9     55.0    191.7
1992............................................................    2,956.7       841.4     664.2       177.2      2,115.3     596.2        901.1    73.5      827.6   359.2     65.2    193.6
1993............................................................    3,115.4       915.2     730.1       185.2      2,200.1     586.4        941.4    73.1      868.3   391.1     89.6    191.6
1994............................................................    3,320.3       940.8     721.9       218.9      2,379.6     646.0      1,003.4    75.3      928.1   451.9     78.8    199.4

1995............................................................    3,604.9       986.1     702.9       283.2      2,618.7     718.0      1,081.0    79.1    1,001.9   495.3     85.7    238.7
1996............................................................    3,752.7       971.2     697.3       273.9      2,781.6     783.4      1,131.8    84.8    1,047.0   515.9     77.9    272.5
1997............................................................    4,095.0     1,081.9     747.3       334.6      3,013.1     853.9      1,230.7    97.7    1,133.0   506.5     97.6    324.4
1998............................................................    4,552.1     1,235.8     792.9       443.0      3,316.3     945.0      1,323.9    97.4    1,226.5   503.7    151.4    392.3

1997:Jan..........................................................    3,789.3       988.1     698.1       290.0      2,801.2     786.8      1,138.7    85.0    1,053.7   517.4     81.1    277.1
Feb...........................................................    3,830.1     1,005.9     698.3       307.6      2,824.1     795.7      1,144.3    85.9    1,058.4   518.4     83.4    282.4
Mar...........................................................    3,851.8     1,007.3     704.1       303.2      2,844.6     799.0      1,156.2    87.4    1,068.8   516.3     86.9    286.2
Apr...........................................................    3,888.2     1,018.3     711.9       306.3      2,869.9     806.1      1,170.4    89.3    1,081.1   514.5     89.7    289.3
May...........................................................    3,906.6     1,011.3     714.6       296.7      2,895.3     811.9      1,180.7    90.6    1,090.1   518.3     89.8    294.6
June..........................................................    3,922.6     1,007.2     716.9       290.3      2,915.4     816.8      1,190.3    92.3    1,098.0   518.2     92.7    297.5

July..........................................................    3,960.7     1,029.3     718.2       311.1      2,931.4     820.0      1,196.6    93.2    1,103.5   518.0     94.2    302.5
Aug...........................................................    3,981.6     1,032.3     714.9       317.4      2,949.3     828.7      1,204.6    94.3    1,110.3   518.0     94.7    303.3
Sept..........................................................    4,006.3     1,036.3     724.5       311.8      2,970.0     838.6      1,214.1    95.4    1,118.7   515.2     95.9    306.3
Oct...........................................................    4,030.8     1,043.7     731.5       312.2      2,987.0     842.1      1,218.2    95.9    1,122.3   507.6    104.3    314.8
Nov...........................................................    4,073.7     1,075.1     742.8       332.3      2,998.6     845.5      1,226.7    96.8    1,129.9   506.9     99.7    319.8
Dec...........................................................    4,095.0     1,081.9     747.3       334.6      3,013.1     853.9      1,230.7    97.7    1,133.0   506.5     97.6    324.4

1998:Jan..........................................................    4,155.3     1,110.4     762.9       347.5      3,045.0     864.2      1,234.2    98.0    1,136.2   503.5    117.6    325.6
Feb...........................................................    4,185.0     1,112.9     769.7       343.2      3,072.2     872.8      1,249.1    98.1    1,151.0   501.6    119.3    329.3
Mar...........................................................    4,223.5     1,129.8     780.8       348.9      3,093.7     875.3      1,261.5    98.3    1,163.2   501.8    118.7    336.4
Apr...........................................................    4,221.3     1,109.9     764.9       345.0      3,111.4     873.6      1,269.6    98.4    1,171.2   505.4    117.9    344.9
May...........................................................    4,250.6     1,126.1     772.1       354.0      3,124.5     878.6      1,274.0    98.0    1,176.1   506.2    123.1    342.6
June..........................................................    4,263.7     1,121.6     756.9       364.7      3,142.1     887.0      1,274.4    97.8    1,176.7   503.2    130.2    347.3

July..........................................................    4,280.5     1,130.4     760.7       369.8      3,150.1     897.7      1,271.6    97.5    1,174.1   496.3    131.9    352.5
Aug...........................................................    4,341.6     1,156.5     771.2       385.3      3,185.2     906.1      1,280.9    97.6    1,183.3   495.0    137.7    365.3
Sept..........................................................    4,398.9     1,177.1     767.4       409.7      3,221.9     918.3      1,283.2    97.9    1,185.3   497.9    142.9    379.6
Oct...........................................................    4,488.8     1,217.8     774.3       443.5      3,271.0     938.8      1,287.6    97.0    1,190.6   497.5    158.9    388.2
Nov...........................................................    4,529.7     1,226.6     790.7       435.9      3,303.0     947.0      1,309.7    97.4    1,212.3   500.0    152.5    393.9
Dec...........................................................    4,552.1     1,235.8     792.9       443.0      3,316.3     945.0      1,323.9    97.4    1,226.5   503.7    151.4    392.3
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\1\Data are prorated averages of Wednesday values for domestically chartered commercial banks, branches and agencies of foreign banks, New York State investment companies (through September
1996), and Edge Act and agreement corporations.
\2\Excludes Federal funds sold to, reverse repurchase agreements (RPs) with, and loans to commercial banks in the United States.

Source: Board of Governors of the Federal Reserve System.