Financial sector debt expanded $127 billion during the quarter ($368bn y-o-y) to $16.444 TN, and Foreign U.S. borrowings increased $130 billion ($88bn y-o-y) to $4.051 TN. Total (NFD, Financial and Foreign) System debt expanded $978 billion during the quarter to a record $73.073 TN. Going all the way back to Q4 2017, Q1’s system-wide Credit expansion was second only to Q1 ‘18’s $1.002 TN.
http://creditbubblebulletin.blogspot.com/2019/06/weekly-commentary-q1-2019-z1-flow-of.html
