Vol. 3, No. 1, 1977

Finance: Funds Widely Available
Last Updated: 01/27/77
Credit markets in 1976 were easier, on average, than in 1975. Moderate gains in economic activity were accompanied by stronger credit demands from the private sector; U.S. Government borrowing needs, although high, were lower than 1975 requirements. Meanwhile, increased earnings, savings, and efforts to build liquidity produced a very large supply of investment funds, especially through financial intermediaries.