Margin Debt as a % of M2

Source: FINRA Investor Margin Statistics and Federal Reserve Bank of St. Louis (M2SL). Monthly observations. Margin Debt represents total customer debit balances in margin accounts. Red dashed line = trailing 25-year rolling average (begins Jan 2022 once 25 years of history exist).

Monthly data from Jan 1997 – June 01, 2026
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MetricValue
Current (June 01, 2026)6.49%
Trailing avgcomputed in chart
Full-period avg (1997ÔÇô2026)3.80%
Peak (Jun 2026)6.49%
Trough (Sep 2002)2.40%