Finance: Funds Widely Available
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.
