Credit Markets Shifting Away from Banking Sector—and the Fed
Created on August 14, 2014
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Read the original report, "Federal Reserve’s Expansion of Repurchase Market Is a Bad Idea," by Norbert J. Michel.
The overall credit market has been rising rapidly for decades, but since the early 1970s a smaller share of loans has come from banks, where the Fed has historically focused its operations.
Note: “Banks” refers to U.S. chartered despository institutions. Source: Board of Governors of the Federal Reserve System, Financial Accounts of the United States, July 5, 2014, http://www.federalreserve.gov/releases/z1/current/data.htm (accessed August 12, 2014).
CHART 1 • IB 4261
Tags: federal-reserve, fed, credit, banking