Margin Statistics

Pursuant to FINRA Rule 4521, FINRA member firms carrying margin accounts for customers are required to submit, on a settlement date basis, as of the last business day of the month, the following customer information:

 

  • the total of all debit balances in securities margin accounts; and
  • the total of all free credit balances in all cash accounts and all securities margin accounts.1

 

FINRA collects the required data via FINRA’s Customer Margin Balance Form. The data is compiled in aggregate form and made available below. See Regulatory Notice 10-08 (Customer Margin Accounts) for more information.

 

FINRA Statistics2 (shown in $ millions)

    
Month/YearDebit Balances in Customers' Securities Margin AccountsFree Credit Balances in Customers' Cash AccountsFree Credit Balances in Customers' Securities Margin Accounts
Jan-14487,549151,878195,863
Feb-14502,093154,049190,312
Mar-14487,932156,083194,461
Apr-14475,195149,801194,679
May-14475,362150,474188,551
Jun-14502,270160,293184,723
Jul-14498,671155,931177,981
Aug-14501,000155,245180,820
Sep-14503,901161,621183,243
    
Month/YearDebit Balances in Customers' Securities Margin AccountsFree Credit Balances in Customers' Cash AccountsFree Credit Balances in Customers' Securities Margin Accounts
Jan-13388,123142,856199,709
Feb-13390,351142,123208,682
Mar-13403,933144,530197,887
Apr-13408,677140,706191,719
May-13401,606146,765199,756
Jun-13407,681150,093200,308
Jul-13412,101144,495194,790
Aug-13414,442143,808195,181
Sep-13432,852149,895197,780
Oct-13445,022151,494199,889
Nov-13456,378150,214199,153
Dec-13478,502157,000197,521
    
Month/YearDebit Balances in Customers' Securities Margin AccountsFree Credit Balances in Customers' Cash AccountsFree Credit Balances in Customers' Securities Margin Accounts
Jan-12309,844137,309174,889
Feb-12323,021139,609177,639
Mar-12330,815142,297182,814
Apr-12335,154138,909182,021
May-12315,147139,111187,938
Jun-12320,952138,937192,149
Jul-12313,525124,330194,741
Aug-12320,395124,276196,786
Sep-12339,159129,389205,176
Oct-12342,325124,800200,406
Nov-12351,441135,650202,425
Dec-12355,009162,206211,576
    
Month/YearDebit Balances in Customers' Securities Margin AccountsFree Credit Balances in Customers' Cash AccountsFree Credit Balances in Customers' Securities Margin Accounts
Jan-11326,868130,894173,545
Feb-11348,979135,760179,102
Mar-11355,413133,386170,139
Apr-11360,883133,131175,399
May-11355,736133,727175,508
Jun-11345,273139,575183,547
Jul-11344,572138,316182,957
Aug-11308,866135,508193,533
Sep-11298,277141,806204,307
Oct-11317,028133,639188,141
Nov-11303,930132,934188,259
Dec-11301,616142,533189,143
    
Month/YearDebit Balances in Customers' Securities Margin AccountsFree Credit Balances in Customers' Cash AccountsFree Credit Balances in Customers' Securities Margin Accounts
Feb-10263,657106,131164,624
Mar-10277,798108,908162,169
Apr-10295,550111,217160,630
May-10268,566114,051166,706
Jun-10263,202114,265172,908
Jul-10267,468106,290172,179
Aug-10268,371106,870174,209
Sep-10288,540114,321173,544
Oct-10303,428114,784176,588
Nov-10309,340119,305176,805
Dec-10313,678126,098182,426

 

1 Note that under FINRA Rule 4521, free credit balances in customers’ cash accounts and customers’ securities margin accounts must be reported as two separate data points.

 

2 As of February 2010, data are collected pursuant to FINRA Rule 4521 and are aggregated across all member firms, regardless of whether the firm was designated to NASD or the New York Stock Exchange (NYSE) before the consolidation of NASD and the member firm regulation operations of NYSE Regulation in July 2007 that created FINRA.

 

Historical Data

 

Through January 2010, NYSE and FINRA each independently collected similar margin data from their respective member firms. The data below are divided into three sections:

 

  1. FINRA statistics only (from FINRA-designated clearing firms only);
  2. NYSE statistics only (from NYSE-designated clearing firms only); and
  3. Combined statistics from both FINRA and NYSE beginning in 1997.

 

For the period of July 2007 (when NASD and the member firm regulation operations of NYSE Regulation consolidated to become FINRA) through January 2010, the NYSE statistics set forth below include clearing firms historically designated to NYSE, and the FINRA statistics include clearing firms historically designated to NASD.

 

Note that the combined FINRA and NYSE statistics as given below have been compiled from different reports that member firms submitted to FINRA or NYSE, as required.

   

FINRA Statistics (shown in $ millions)

Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-1032,77157,689
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0927,29767,573
Feb-0926,34564,643
Mar-0921,80763,687
Apr-0923,89067,908
May-0925,15167,933
Jun-0928,89073,544
Jul-0929,27474,222
Aug-0929,53171,499
Sep-0933,31774,776
Oct-0933,58469,198
Nov-0930,03061,638
Dec-0931,52065,576
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0837,26256,006
Feb-0842,18855,065
Mar-0837,75961,041
Apr-0836,75358,031
May-0831,30049,218
Jun-0832,53252,204
Jul-0830,00750,136
Aug-0832,70453,332
Sep-0845,78581,682
Oct-0844,21896,229
Nov-0825,85475,402
Dec-0823,47557,083
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0725,89645,991
Feb-0725,30148,382
Mar-0724,57743,899
Apr-0724,09447,814
May-0729,28249,129
Jun-0730,20448,397
Jul-0735,03352,401
Aug-0731,10548,410
Sep-0729,59449,914
Oct-0731,55948,803
Nov-0735,29351,671
Dec-0732,51250,753
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0623,60557,349
Feb-0626,82958,003
Mar-0622,70056,818
Apr-0623,62457,322
May-0625,06857,007
Jun-0625,71558,325
Jul-0624,52648,956
Aug-0622,88850,673
Sep-0624,64945,562
Oct-0623,34043,862
Nov-0624,37944,730
Dec-0627,90845,533
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0516,80228,014
Feb-0523,67552,102
Mar-0525,18654,133
Apr-0523,28751,669
May-0523,13452,763
Jun-0523,65352,422
Jul-0522,64551,112
Aug-0522,74050,450
Sep-0526,90952,889
Oct-0527,32852,514
Nov-0523,88452,755
Dec-0522,43854,765
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0410,60923,318
Feb-0410,08821,943
Mar-0411,74122,713
Apr-0417,49829,652
May-0415,37328,330
Jun-0413,90325,421
Jul-0410,81421,946
Aug-0410,72823,335
Sep-0413,56826,740
Oct-0412,29925,610
Nov-0414,02227,228
Dec-0413,78326,762
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-036,48116,898
Feb-036,48617,265
Mar-038,35717,265
Apr-037,29719,436
May-037,34519,136
Jun-0319,73127,756
Jul-0325,97732,593
Aug-0317,54028,072
Sep-0315,32426,446
Oct-0312,70822,664
Nov-0310,44720,329
Dec-038,23921,817
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0210,51617,401
Feb-027,90114,839
Mar-0210,71917,088
Apr-028,13215,050
May-026,94214,325
Jun-027,70214,634
Jul-027,74516,386
Aug-026,34615,895
Sep-025,89714,817
Oct-028,07717,669
Nov-026,41217,442
Dec-025,07115,685
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0111,57715,465
Feb-0112,01715,196
Mar-019,44714,761
Apr-019,15616,215
May-018,86115,243
Jun-019,58513,902
Jul-018,43013,660
Aug-018,18613,519
Sept-0113,26121,611
Oct-018,35715,612
Nov-0110,79018,021
Dec-0110,02317,744
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-0016,91915,007
Feb-0018,99617,370
Mar-0021,40317,452
Apr-0017,01614,748
May-0016,20214,173
Jun-0017,27113,940
Jul-0018,75916,350
Aug-0017,60616,115
Sept-0019,42815,239
Oct-0017,58916,336
Nov-0018,80315,679
Dec-0011,59513,099
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-999,08210,720
Feb-9911,37912,763
Mar-999,77210,386
Apr-9911,44910,220
May-9911,96611,356
Jun-9910,76510,017
Jul-9911,14310,687
Aug-9911,22610,319
Sep-9910,42511,272
Oct-9911,98711,332
Nov-9912,02414,106
Dec-9913,43712,382
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-985,1225,262
Feb-985,7385,842
Mar-986,1966,810
Apr-986,3496,561
May-986,6936,204
Jun-986,6576,846
Jul-986,6107,087
Aug-988,0797,783
Sep-987,0017,669
Oct-988,23910,069
Nov-988,98711,242
Dec-987,6948,807
   
Month/YearDebit Balances in Customers'
Cash and Margin Accounts
Free and Other Credit Balances in Customers' Securities Accounts
Jan-973,8774,706
Feb-973,8864,768
Mar-974,6755,573
Apr-973,9724,565
May-975,0875,429
Jun-975,4036,722
Jul-974,9005,439
Aug-974,5944,876
Sep-975,9125,687
Oct-976,3015,872
Nov-975,4115,054
Dec-975,4705,020
    

NYSE Statistics (shown in $ millions)

(These statistics are provided courtesy of the New York Stock Exchange, Inc.)
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-10233,68488,669134,677
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-09177,71093,500155,690
Feb-09173,31091,120154,740
Mar-09182,16090,560137,680
Apr-09184,12091,890125,860
May-09189,25089,880117,500
Jun-09188,25089,980120,350
Jul-09199,46084,040118,820
Aug-09206,72090,450120,040
Sep-09220,79086,490125,930
Oct-09231,82094,150136,510
Nov-09220,95887,487134,946
Dec-09230,87991,687123,780
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-08328,330142,100276,390
Feb-08334,900133,670266,050
Mar-08311,660122,140305,650
Apr-08295,550100,600313,740
May-08310,31095,930325,040
Jun-08314,36096,090351,340
Jul-08313,29098,890370,200
Aug-08292,11090,860358,850
Sep-08299,960106,670193,350
Oct-08233,350100,330186,870
Nov-08201,480103,510185,320
Dec-08186,710106,650181,980
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-07285,61090,340156,190
Feb-07295,87096,550155,140
Mar-07293,16099,690161,890
Apr-07317,990104,360162,570
May-07353,030109,030176,200
Jun-07378,240119,300179,920
Jul-07381,370122,740205,830
Aug-07331,370118,250214,890
Sep-07329,510118,910208,540
Oct-07345,420120,840222,900
Nov-07344,300128,530246,520
Dec-07322,780130,620274,980
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-06232,19083,250115,220
Feb-06222,78081,600117,970
Mar-06236,67082,750119,360
Apr-06241,54083,000119,020
May-06230,54081,090126,210
Jun-06225,78084,400137,550
Jul-06231,49079,420141,000
Aug-06226,48079,460139,290
Sep-06237,12080,470142,580
Oct-06244,37080,200143,400
Nov-06270,52090,980155,200
Dec-06275,38094,450159,040
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-05203,32087,260115,350
Feb-05199,48077,96094,330
Mar-05201,69080,200100,200
Apr-05194,16074,72097,450
May-05196,27072,69099,480
Jun-05200,50076,380105,550
Jul-05210,94074,13099,000
Aug-05208,66075,91099,050
Sep-05217,76079,310106,730
Oct-05212,54077,550113,110
Nov-05219,02078,330110,610
Dec-05221,66088,730119,710
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-04178,82082,74092,570
Feb-04180,36084,54093,840
Mar-04179,71080,560100,680
Apr-04181,28084,670103,670
May-04178,47085,060106,250
Jun-04180,09085,540109,820
Jul-04177,03083,530114,720
Aug-04177,10080,280114,330
Sep-04180,10083,400110,720
Oct-04185,70081,610110,870
Nov-04196,99085,740110,960
Dec-04203,79093,580117,850
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-03134,91066,20096,430
Feb-03134,03067,26095,400
Mar-03135,91068,86090,830
Apr-03135,94060,68088,640
May-03146,38071,27088,540
Jun-03148,55074,35087,920
Jul-03148,45076,17091,210
Aug-03149,66072,00088,040
Sep-03155,87074,76088,620
Oct-03162,72079,53089,360
Nov-03172,14077,13087,440
Dec-03173,22084,92092,560
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-02150,39075,11097,330
Feb-02147,03072,73099,350
Mar-02149,37069,79093,700
Apr-02150,94068,54092,140
May-02150,86066,12092,950
Jun-02146,27068,28095,830
Jul-02136,16068,86098,080
Aug-02132,16063,70095,400
Sep-02130,21067,55098,630
Oct-02130,57066,78096,620
Nov-02133,06067,38091,240
Dec-02134,38073,34095,690
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-01197,11081,38090,380
Feb-01186,87078,67099,400
Mar-01165,35077,520106,300
Apr-01166,94077,46097,470
May-01174,18076,26091,990
Jun-01170,00075,27098,430
Jul-01165,25073,49097,950
Aug-01161,13073,710103,990
Sept-01144,67074,220115,450
Oct-01144,01069,550101,850
Nov-01148,65072,09098,330
Dec-01150,45078,040101,640
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-00243,49075,76057,800
Feb-00265,21079,70056,470
Mar-00278,53085,53065,020
Apr-00251,70076,19065,930
May-00240,66073,50066,170
Jun-00247,20074,14064,970
Jul-00244,97074,97071,730
Aug-00247,56072,64068,020
Sept-00250,78074,76670,959
Oct-00233,37673,27183,131
Nov-00219,11074,05096,730
Dec-00198,79084,400100,680
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-99153,24059,60036,880
Feb-99151,53057,91038,850
Mar-99156,44059,43540,120
Apr-99172,88060,87041,200
May-99177,98461,66541,250
Jun-99176,93064,10042,865
Jul-99178,36060,00044,330
Aug-99176,39062,60044,230
Sep-99179,31662,81047,125
Oct-99182,27261,08551,040
Nov-99206,28068,20049,480
Dec-99228,53079,07055,130
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-98127,79048,62029,480
Feb-98135,59048,64027,450
Mar-98140,34051,34027,430
Apr-98140,24051,05028,160
May-98143,60047,77026,200
Jun-98147,70051,20529,840
Jul-98154,37053,78031,820
Aug-98147,80053,85038,460
Sep-98137,54054,24041,970
Oct-98130,16054,61043,500
Nov-98139,71056,17040,620
Dec-98140,98062,45040,250
    
Month/YearDebit Balances in Margin AccountsFree Credit Balances
in Cash Accounts
Free Credit Balances
in Margin Accounts
Jan-9799,46041,28022,870
Feb-97100,00040,09022,200
Mar-97100,16041,05022,930
Apr-9798,87037,56022,700
May-97106,01039,40022,050
Jun-97113,44041,84023,860
Jul-97116,19043,98524,290
Aug-97119,81042,96023,375
Sep-97126,05043,77023,630
Oct-97128,19047,46526,950
Nov-97127,33045,47026,735
Dec-97126,09052,16031,410
   

FINRA and NYSE Combined Statistics (shown in $ millions)

Month/YearDebit Balances*Credit Balances**
Jan-10266,455281,035
   
Month/YearDebit Balances*Credit Balances**
Jan-09205,007316,763
Feb-09199,655310,503
Mar-09203,967291,927
Apr-09208,010285,658
May-09214,401275,313
Jun-09217,140283,874
Jul-09228,734277,082
Aug-09236,251281,989
Sep-09254,107287,196
Oct-09265,404299,858
Nov-09250,988284,071
Dec-09262,399281,043
   
Month/YearDebit Balances*Credit Balances**
Jan-08365,592474,496
Feb-08377,088454,785
Mar-08349,419488,831
Apr-08332,303472,371
May-08341,610470,188
Jun-08346,892499,634
Jul-08343,297519,226
Aug-08324,814530,042
Sep-08345,745381,702
Oct-08277,568383,429
Nov-08227,334364,232
Dec-08210,185345,713
   
Month/YearDebit Balances*Credit Balances**
Jan-07311,506292,521
Feb-07321,171300,072
Mar-07317,737305,479
Apr-07342,084314,744
May-07382,312334,359
Jun-07408,444347,617
Jul-07416,403380,971
Aug-07362,475381,550
Sep-07359,104377,364
Oct-07376,979392,543
Nov-07379,593426,721
Dec-07355,292456,353
   
Month/YearDebit Balances*Credit Balances**
Jan-06255,795255,819
Feb-06249,609257,573
Mar-06259,370258,928
Apr-06265,164259,342
May-06255,608264,307
Jun-06251,495280,275
Jul-06256,016269,376
Aug-06249,368269,423
Sep-06261,769268,612
Oct-06267,710267,462
Nov-06294,899290,910
Dec-06303,288299,023
   
Month/YearDebit Balances*Credit Balances**
Jan-05220,122230,624
Feb-05223,155224,392
Mar-05226,876234,533
Apr-05217,447223,839
May-05219,404224,933
Jun-05224,153234,352
Jul-05233,585224,242
Aug-05231,400225,410
Sep-05244,669238,929
Oct-05239,868243,174
Nov-05242,904241,695
Dec-05244,098263,205
   
Month/YearDebit Balances*Credit Balances**
Jan-04189,429198,628
Feb-04190,448200,323
Mar-04191,451203,953
Apr-04198,778217,992
May-04193,843219,640
Jun-04193,993220,781
Jul-04187,844220,196
Aug-04187,828217,945
Sep-04193,668220,860
Oct-04197,999218,090
Nov-04211,012223,928
Dec-04217,573238,192
   
Month/YearDebit Balances*Credit Balances* *
Jan-03141,391179,528
Feb-03140,516179,925
Mar-03144,267176,955
Apr-03143,237168,756
May-03153,725178,946
Jun-03168,281190,026
Jul-03174,427199,973
Aug-03167,200188,112
Sep-03171,194189,826
Oct-03175,428191,554
Nov-03182,587184,899
Dec-03181,459199,297
   
Month/YearDebit Balances*Credit Balances**
Jan-02160,906189,841
Feb-02154,931186,919
Mar-02160,089180,578
Apr-02159,072175,730
May-02157,802173,395
Jun-02153,972178,744
Jul-02143,905183,326
Aug-02139,146174,995
Sep-02136,107180,997
Oct-02138,647181,069
Nov-02139,472176,062
Dec-02139,451184,715
   
Month/YearDebit Balances*Credit Balances**
Jan-01208,687187,225
Feb-01198,887193,266
Mar-01174,797198,581
Apr-01176,096191,145
May-01183,041183,493
Jun-01179,585187,602
Jul-01173,680185,100
Aug-01169,316191,219
Sept-01157,931211,281
Oct-01152,367187,012
Nov-01159,440188,441
Dec-01160,473197,424
   
Month/YearDebit Balances*Credit Balances**
Jan-00260,409148,567
Feb-00284,206153,540
Mar-00299,933168,002
Apr-00268,716156,868
May-00256,862153,843
Jun-00264,471153,050
Jul-00263,729163,050
Aug-00265,166156,775
Sept-00270,208160,964
Oct-00250,965172,738
Nov-00237,913186,459
Dec-00210,385198,179
   
Month/YearDebit Balances*Credit Balances**
Jan-99162,322107,200
Feb-99162,909109,523
Mar-99166,212109,941
Apr-99184,329112,290
May-99189,950114,271
Jun-99187,695116,982
Jul-99189,503115,017
Aug-99187,616117,149
Sep-99189,741121,207
Oct-99194,259123,457
Nov-99218,304131,786
Dec-99241,967146,582
   
Month/YearDebit Balances*Credit Balances**
Jan-98132,91283,362
Feb-98141,32881,932
Mar-98146,53685,580
Apr-98146,58985,771
May-98150,29380,174
Jun-98154,35787,891
Jul-98160,98092,687
Aug-98155,879100,093
Sep-98144,541103,879
Oct-98138,399108,179
Nov-98148,697108,032
Dec-98148,674111,507
   
Month/YearDebit Balances*Credit Balances**
Jan-97103,33768,856
Feb-97103,88667,058
Mar-97104,83569,553
Apr-97102,84264,825
May-97111,09766,879
Jun-97118,84372,422
Jul-97121,09073,714
Aug-97124,40471,211
Sep-97131,96273,087
Oct-97134,49180,287
Nov-97132,74177,259
Dec-97131,56088,590

 

* 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 Credit Regulation Department.

Last Updated: 10/29/2014