Discussion Paper
Introducing Private Credit into the Financial Accounts of the United States
Abstract: Over the past decade, private credit has played an increasingly important role in providing funding to middle-market businesses. While there are several definitions of private credit, here we define it as privately negotiated loans to businesses that are originated by nonbank investment funds rather than by traditional financial intermediaries such as banks.
https://doi.org/10.17016/2380-7172.4204
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https://www.federalreserve.gov/econres/notes/feds-notes/introducing-private-credit-into-the-financial-accounts-of-the-united-states-20261016.html
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Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2026-10-16
Number: 2026-10-16-1