Margin Statistics


This page provides statistics about debit balances in customers’ cash and margin accounts; and information about free and other credit balances in customers’ securities accounts. Statistics on this page will be updated approximately monthly.

Increasingly, investors are purchasing securities "on margin." When an investor purchases an equity security on margin, he/she will deposit a certain percentage (usually 50%) of the purchase price, and borrow the remaining 50% from the broker-dealer. The customer will pay interest on the amount borrowed until the loan is repaid. The "debit" statistics are being presented to assist statisticians, the media, and all other parties who may be interested in transactions where securities are used as collateral. Debits represent obligations of customers to a broker-dealer. The "credit" statistics will provide the reader with an idea of broker-dealer obligations to customers.

Free credit balances represent cash that a customer can immediately withdraw from an account. Other credit balances cannot be immediately withdrawn as the customer has an outstanding obligation to the broker-dealer. For example, if the broker-dealer sold $20,000 in stock at the request of a customer, but the customer did not deliver the securities that were the subject of the sale to the broker-dealer, the customer would have an "other" credit balance of $20,000.

The numbers referenced under The New York Stock Exchange (NYSE) statistics pertain to NYSE-designated clearing firms only. FINRA statistics pertain to FINRA-designated clearing firms only. The FINRA and NYSE statistics are compiled from different reports. Therefore the resulting statistics do not represent identical underlying information. However, the statistics are substantially similar so as to allow them to be combined for purposes of pattern/trend analysis. The combined statistics are shown on this page as well.

FINRA Statistics (shown in $ millions)

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-09

27,297

67,573

Feb-09

26,345

64,643

Mar-09

21,807

63,687

Apr-09

23,890

67,908

May-09

25,151

67,933

June-09

28,890

73,544

July-09

29,274

74,222

Aug-09

29,531

71,499

Sep-09

33,317

74,776

     

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-08

37,262

56,006

Feb-08

42,188

55,065

Mar-08

37,759

61,041

Apr-08

36,753

58,031

May-08

31,300

49,218

June-08

32,532

52,204

July-08

30,007

50,136

Aug-08

32,704

53,332

Sep-08

45,785

81,682

Oct-08

44,218

96,229

Nov-08

25,854

75,402

Dec-08

23,475

57,083

     

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-07

25,896

45,991

Feb-07

25,301

48,382

Mar-07

24,577

43,899

Apr-07

24,094

47,814

May-07

29,282

49,129

June-07

30,204

48,397

July-07

35,033

52,401

Aug-07

31,105

48,410

Sep-07

29,594

49,914

Oct-07

31,559

48,803

Nov-07

35,293

51,671

Dec-07

32,512

50,753

     

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-06

23,605

57,349

Feb-06

26,829

58,003

Mar-06

22,700

56,818

Apr-06

23,624

57,322

May-06

25,068

57,007

Jun-06

25,715

58,325

Jul-06

24,526

48,956

Aug-06

22,888

50,673

Sep-06

24,649

45,562

Oct-06

23,340

43,862

Nov-06

24,379

44,730

Dec-06

27,908

45,533

     

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-05

16,802

28,014

Feb-05

23,675

52,102

Mar-05

25,186

54,133

Apr-05

23,287

51,669

May-05

23,134

52,763

Jun-05

23,653

52,422

Jul-05

22,645

51,112

Aug-05

22,740

50,450

Sep-05

26,909

52,889

Oct-05

27,328

52,514

Nov-05

23,884

52,755

Dec-05

22,438

54,765

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-04

10,609

23,318

Feb-04

10,088

21,943

Mar-04

11,741

22,713

Apr-04

17,498

29,652

May-04

15,373

28,330

Jun-04

13,903

25,421

Jul-04

10,814

21,946

Aug-04

10,728

23,335

Sep-04

13,568

26,740

Oct-04

12,299

25,610

Nov-04

14,022

27,228

Dec-04

13,783

26,762

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-03

6,481

16,898

Feb-03

6,486

17,265

Mar-03

8,357

17,265

Apr-03

7,297

19,436

May-03

7,345

19,136

Jun-03

19,731

27,756

Jul-03

25,977

32,593

Aug-03

17,540

28,072

Sep-03

15,324

26,446

Oct-03

12,708

22,664

Nov-03

10,447

20,329

Dec-03

8,239

21,817

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-02

10,516

17,401

Feb-02

7,901

14,839

Mar-02

10,719

17,088

Apr-02

8,132

15,050

May-02

6,942

14,325

Jun-02

7,702

14,634

Jul-02

7,745

16,386

Aug-02

6,346

15,895

Sep-02

5,897

14,817

Oct-02

8,077

17,669

Nov-02

6,412

17,442

Dec-02

5,071

15,685

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-01

11,577

15,465

Feb-01

12,017

15,196

Mar-01

9,447

14,761

Apr-01

9,156

16,215

May-01

8,861

15,243

Jun-01

9,585

13,902

Jul-01

8,430

13,660

Aug-01

8,186

13,519

Sept-01

13,261

21,611

Oct-01

8,357

15,612

Nov-01

10,790

18,021

Dec-01

10,023

17,744

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-00

16,919

15,007

Feb-00

18,996

17,370

Mar-00

21,403

17,452

Apr-00

17,016

14,748

May-00

16,202

14,173

Jun-00

17,271

13,940

Jul-00

18,759

16,350

Aug-00

17,606

16,115

Sept-00

19,428

15,239

Oct-00

17,589

16,336

Nov-00

18,803

15,679

Dec-00

11,595

13,099

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-99

9,082

10,720

Feb-99

11,379

12,763

Mar-99

9,772

10,386

Apr-99

11,449

10,220

May-99

11,966

11,356

Jun-99

10,765

10,017

Jul-99

11,143

10,687

Aug-99

11,226

10,319

Sep-99

10,425

11,272

Oct-99

11,987

11,332

Nov-99

12,024

14,106

Dec-99

13,437

12,382

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-98

5,122

5,262

Feb-98

5,738

5,842

Mar-98

6,196

6,810

Apr-98

6,349

6,561

May-98

6,693

6,204

Jun-98

6,657

6,846

Jul-98

6,610

7,087

Aug-98

8,079

7,783

Sep-98

7,001

7,669

Oct-98

8,239

10,069

Nov-98

8,987

11,242

Dec-98

7,694

8,807

 

 

 

Month/Year

Debit Balances in Customers'
Cash and Margin Accounts

Free and Other Credit Balances in Customers' Securities Accounts

Jan-97

3,877

4,706

Feb-97

3,886

4,768

Mar-97

4,675

5,573

Apr-97

3,972

4,565

May-97

5,087

5,429

Jun-97

5,403

6,722

Jul-97

4,900

5,439

Aug-97

4,594

4,876

Sep-97

5,912

5,687

Oct-97

6,301

5,872

Nov-97

5,411

5,054

Dec-97

5,470

5,020

NYSE Statistics (shown in $ millions)

(These statistics are provided courtesy of the New York Stock Exchange, Inc.)

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-09

177,710

93,500

155,690

Feb-09

173,310

91,120

154,740

Mar-09

182,160

90,560

137,680

Apr-09

184,120

91,890

125,860

May-09

189,250

89,880

117,500

June-09

188,250

89,980

120,350

July-09

199,460

84,040

118,820

Aug-09

206,720

90,450

120,040

Sep-09

220,790

86,490

125,930

       

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-08

328,330

142,100

276,390

Feb-08

334,900

133,670

266,050

Mar-08

311,660

122,140

305,650

Apr-08

295,550

100,600

313,740

May-08

310,310

95,930

325,040

June-08

314,360

96,090

351,340

July-08

313,290

98,890

370,200

Aug-08

292,110

90,860

358,850

Sep-08

299,960

106,670

193,350

Oct-08

233,350

100,330

186,870

Nov-08

201,480

103,510

185,320

Dec-08

186,710

106,650

181,980

       

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-07

285,610

90,340

156,190

Feb-07

295,870

96,550

155,140

Mar-07

293,160

99,690

161,890

Apr-07

317,990

104,360

162,570

May-07

353,030

109,030

176,200

June-07

378,240

119,300

179,920

July-07

381,370

122,740

205,830

Aug-07

331,370

118,250

214,890

Sep-07

329,510

118,910

208,540

Oct-07

345,420

120,840

222,900

Nov-07

344,300

128,530

246,520

Dec-07

322,780

130,620

274,980

       

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-06

232,190

83,250

115,220

Feb-06

222,780

81,600

117,970

Mar-06

236,670

82,750

119,360

Apr-06

241,540

83,000

119,020

May-06

230,540

81,090

126,210

Jun-06

225,780

84,400

137,550

Jul-06

231,490

79,420

141,000

Aug-06

226,480

79,460

139,290

Sep-06

237,120

80,470

142,580

Oct-06

244,370

80,200

143,400

Nov-06

270,520

90,980

155,200

Dec-06

275,380

94,450

159,040

       

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-05

203,320

87,260

115,350

Feb-05

199,480

77,960

94,330

Mar-05

201,690

80,200

100,200

Apr-05

194,160

74,720

97,450

May-05

196,270

72,690

99,480

Jun-05

200,500

76,380

105,550

Jul-05

210,940

74,130

99,000

Aug-05

208,660

75,910

99,050

Sep-05

217,760

79,310

106,730

Oct-05

212,540

77,550

113,110

Nov-05

219,020

78,330

110,610

Dec-05

221,660

88,730

119,710

       

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-04

178,820

82,740

92,570

Feb-04

180,360

84,540

93,840

Mar-04

179,710

80,560

100,680

Apr-04

181,280

84,670

103,670

May-04

178,470

85,060

106,250

Jun-04

180,090

85,540

109,820

Jul-04

177,030

83,530

114,720

Aug-04

177,100

80,280

114,330

Sep-04

180,100

83,400

110,720

Oct-04

185,700

81,610

110,870

Nov-04

196,990

85,740

110,960

Dec-04

203,790

93,580

117,850

 

 

 

 

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-03

134,910

66,200

96,430

Feb-03

134,030

67,260

95,400

Mar-03

135,910

68,860

90,830

Apr-03

135,940

60,680

88,640

May-03

146,380

71,270

88,540

Jun-03

148,550

74,350

87,920

Jul-03

148,450

76,170

91,210

Aug-03

149,660

72,000

88,040

Sep-03

155,870

74,760

88,620

Oct-03

162,720

79,530

89,360

Nov-03

172,140

77,130

87,440

Dec-03

173,220

84,920

92,560

 

 

 

 

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-02

150,390

75,110

97,330

Feb-02

147,030

72,730

99,350

Mar-02

149,370

69,790

93,700

Apr-02

150,940

68,540

92,140

May-02

150,860

66,120

92,950

Jun-02

146,270

68,280

95,830

Jul-02

136,160

68,860

98,080

Aug-02

132,160

63,700

95,400

Sep-02

130,210

67,550

98,630

Oct-02

130,570

66,780

96,620

Nov-02

133,060

67,380

91,240

Dec-02

134,380

73,340

95,690

 

 

 

 

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-01

197,110

81,380

90,380

Feb-01

186,870

78,670

99,400

Mar-01

165,350

77,520

106,300

Apr-01

166,940

77,460

97,470

May-01

174,180

76,260

91,990

Jun-01

170,000

75,270

98,430

Jul-01

165,250

73,490

97,950

Aug-01

161,130

73,710

103,990

Sept-01

144,670

74,220

115,450

Oct-01

144,010

69,550

101,850

Nov-01

148,650

72,090

98,330

Dec-01

150,450

78,040

101,640

 

 

 

 

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-00

243,490

75,760

57,800

Feb-00

265,210

79,700

56,470

Mar-00

278,530

85,530

65,020

Apr-00

251,700

76,190

65,930

May-00

240,660

73,500

66,170

Jun-00

247,200

74,140

64,970

Jul-00

244,970

74,970

71,730

Aug-00

247,560

72,640

68,020

Sept-00

250,780

74,766

70,959

Oct-00

233,376

73,271

83,131

Nov-00

219,110

74,050

96,730

Dec-00

198,790

84,400

100,680

 

 

 

 

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-99

153,240

59,600

36,880

Feb-99

151,530

57,910

38,850

Mar-99

156,440

59,435

40,120

Apr-99

172,880

60,870

41,200

May-99

177,984

61,665

41,250

Jun-99

176,930

64,100

42,865

Jul-99

178,360

60,000

44,330

Aug-99

176,390

62,600

44,230

Sep-99

179,316

62,810

47,125

Oct-99

182,272

61,085

51,040

Nov-99

206,280

68,200

49,480

Dec-99

228,530

79,070

55,130

 

 

 

 

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-98

127,790

48,620

29,480

Feb-98

135,590

48,640

27,450

Mar-98

140,340

51,340

27,430

Apr-98

140,240

51,050

28,160

May-98

143,600

47,770

26,200

Jun-98

147,700

51,205

29,840

Jul-98

154,370

53,780

31,820

Aug-98

147,800

53,850

38,460

Sep-98

137,540

54,240

41,970

Oct-98

130,160

54,610

43,500

Nov-98

139,710

56,170

40,620

Dec-98

140,980

62,450

40,250

 

 

 

 

Month/Year

Debit Balances in Margin Accounts

Free Credit Balances
in Cash Accounts

Free Credit Balances
in Margin Accounts

Jan-97

99,460

41,280

22,870

Feb-97

100,000

40,090

22,200

Mar-97

100,160

41,050

22,930

Apr-97

98,870

37,560

22,700

May-97

106,010

39,400

22,050

Jun-97

113,440

41,840

23,860

Jul-97

116,190

43,985

24,290

Aug-97

119,810

42,960

23,375

Sep-97

126,050

43,770

23,630

Oct-97

128,190

47,465

26,950

Nov-97

127,330

45,470

26,735

Dec-97

126,090

52,160

31,410

FINRA and NYSE Combined Statistics (shown in $ millions)

Month/Year

Debit Balances*

Credit Balances**

Jan-09

205,007

316,763

Feb-09

199,655

310,503

Mar-09

203,967

291,927

Apr-09

208,010

285,658

May-09

214,401

275,313

June-09

217,140

283,874

July-09

228,734

277,082

Aug-09

236,251

281,989

Sep-09

254,107

287,196

     

Month/Year

Debit Balances*

Credit Balances**

Jan-08

365,592

474,496

Feb-08

377,088

454,785

Mar-08

349,419

488,831

Apr-08

332,303

472,371

May-08

341,610

470,188

June-08

346,892

499,634

July-08

343,297

519,226

Aug-08

324,814

530,042

Sep-08

345,745

381,702

Oct-08

277,568

383,429

Nov-08

227,334

364,232

Dec-08

210,185

345,713

     

Month/Year

Debit Balances*

Credit Balances**

Jan-07

311,506

292,521

Feb-07

321,171

300,072

Mar-07

317,737

305,479

Apr-07

342,084

314,744

May-07

382,312

334,359

June-07

408,444

347,617

July-07

416,403

380,971

Aug-07

362,475

381,550

Sep-07

359,104

377,364

Oct-07

376,979

392,543

Nov-07

379,593

426,721

Dec-07

355,292

456,353

     

Month/Year

Debit Balances*

Credit Balances**

Jan-06

255,795

255,819

Feb-06

249,609

257,573

Mar-06

259,370

258,928

Apr-06

265,164

259,342

May-06

255,608

264,307

Jun-06

251,495

280,275

Jul-06

256,016

269,376

Aug-06

249,368

269,423

Sep-06

261,769

268,612

Oct-06

267,710

267,462

Nov-06

294,899

290,910

Dec-06

303,288

299,023

     

Month/Year

Debit Balances*

Credit Balances**

Jan-05

220,122

230,624

Feb-05

223,155

224,392

Mar-05

226,876

234,533

Apr-05

217,447

223,839

May-05

219,404

224,933

Jun-05

224,153

234,352

Jul-05

233,585

224,242

Aug-05

231,400

225,410

Sep-05

244,669

238,929

Oct-05

239,868

243,174

Nov-05

242,904

241,695

Dec-05

244,098

263,205

     

Month/Year

Debit Balances*

Credit Balances**

Jan-04

189,429

198,628

Feb-04

190,448

200,323

Mar-04

191,451

203,953

Apr-04

198,778

217,992

May-04

193,843

219,640

Jun-04

193,993

220,781

Jul-04

187,844

220,196

Aug-04

187,828

217,945

Sep-04

193,668

220,860

Oct-04

197,999

218,090

Nov-04

211,012

223,928

Dec-04

217,573

238,192

 

 

 

Month/Year

Debit Balances*

Credit Balances**

Jan-03

141,391

179,528

Feb-03

140,516

179,925

Mar-03

144,267

176,955

Apr-03

143,237

168,756

May-03

153,725

178,946

Jun-03

168,281

190,026

Jul-03

174,427

199,973

Aug-03

167,200

188,112

Sep-03

171,194

189,826

Oct-03

175,428

191,554

Nov-03

182,587

184,899

Dec-03

181,459

199,297

 

 

 

Month/Year

Debit Balances*

Credit Balances**

Jan-02

160,906

189,841

Feb-02

154,931

186,919

Mar-02

160,089

180,578

Apr-02

159,072

175,730

May-02

157,802

173,395

Jun-02

153,972

178,744

Jul-02

143,905

183,326

Aug-02

139,146

174,995

Sep-02

136,107

180,997

Oct-02

138,647

181,069

Nov-02

139,472

176,062

Dec-02

139,451

184,715

 

 

 

Month/Year

Debit Balances*

Credit Balances**

Jan-01

208,687

187,225

Feb-01

198,887

193,266

Mar-01

174,797

198,581

Apr-01

176,096

191,145

May-01

183,041

183,493

Jun-01

179,585

187,602

Jul-01

173,680

185,100

Aug-01

169,316

191,219

Sept-01

157,931

211,281

Oct-01

152,367

187,012

Nov-01

159,440

188,441

Dec-01

160,473

197,424

 

 

 

Month/Year

Debit Balances*

Credit Balances**

Jan-00

260,409

148,567

Feb-00

284,206

153,540

Mar-00

299,933

168,002

Apr-00

268,716

156,868

May-00

256,862

153,843

Jun-00

264,471

153,050

Jul-00

263,729

163,050

Aug-00

265,166

156,775

Sept-00

270,208

160,964

Oct-00

250,965

172,738

Nov-00

237,913

186,459

Dec-00

210,385

198,179

 

 

 

Month/Year

Debit Balances*

Credit Balances**

Jan-99

162,322

107,200

Feb-99

162,909

109,523

Mar-99

166,212

109,941

Apr-99

184,329

112,290

May-99

189,950

114,271

Jun-99

187,695

116,982

Jul-99

189,503

115,017

Aug-99

187,616

117,149

Sep-99

189,741

121,207

Oct-99

194,259

123,457

Nov-99

218,304

131,786

Dec-99

241,967

146,582

 

 

 

Month/Year

Debit Balances*

Credit Balances**

Jan-98

132,912

83,362

Feb-98

141,328

81,932

Mar-98

146,536

85,580

Apr-98

146,589

85,771

May-98

150,293

80,174

Jun-98

154,357

87,891

Jul-98

160,980

92,687

Aug-98

155,879

100,093

Sep-98

144,541

103,879

Oct-98

138,399

108,179

Nov-98

148,697

108,032

Dec-98

148,674

111,507

 

 

 

Month/Year

Debit Balances*

Credit Balances**

Jan-97

103,337

68,856

Feb-97

103,886

67,058

Mar-97

104,835

69,553

Apr-97

102,842

64,825

May-97

111,097

66,879

Jun-97

118,843

72,422

Jul-97

121,090

73,714

Aug-97

124,404

71,211

Sep-97

131,962

73,087

Oct-97

134,491

80,287

Nov-97

132,741

77,259

Dec-97

131,560

88,590

* Debit Balances are derived by adding NYSE Debit Balances in Margin Accounts to FINRA Debit Balances in Customers' Cash and Margin Accounts.

** Credit Balances are derived by adding NYSE Free Credit Balances in Cash and Margin Accounts to FINRA Free and Other Credit Balances in Customers' Securities Accounts.

For more information or questions about this page, please send an email to the Member Regulation Department.

Last Updated: 11/2/2009