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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (50826)	7/7/1999 9:06:00 AM
From: Defrocked	Read Replies (1) \| Respond to of 86076

I recently saw a chart depicting the ratio of margin debt to disposable personal income done by The Bank Credit Analyst. Absolute historical highs are also confirmed by that source. I tried to replicate the info but an historical series available on the Web seems hard to find. Most analysts use monthly data collected by the NYSE on margin debt issued by NYSE members, however it is not in chart ready form in my experience. The Fed has a monthly banking statistic,"Security", in the H8 Release on bank credit which "consists of reverse RPs with brokers and dealers and loans to purchase and carry securities" and "excludes federal funds sold to, reverse RPs with, and loans made to commercial banks". "Security" can be found under "Loans and Leases in Bank Credit" as part of the Assets of US Commercial Banks. This statistic may include, however, working capital loans to Brokers and thus could be biased somewhat in capturing just Margin Debt activity. If anyone finds a good, easily transferable, series on Margin Debt in the US I would appreciate being posted as to its whereabouts.