Tag Archives: Consumer Credit

U.S. Consumer Credit +3.5% in September 2011, +1.5% in Third Quarter of 2011

Posted on November 7, 2011 by | Leave a comment

The U.S. Federal Reserve Board has reported that consumer credit increased at an annual rate of 1.5 percent in the third quarter. Revolving credit decreased at an annual rate of 3.25 percent, while nonrevolving credit increased 3.75 percent. In September, consumer credit increased at an annual rate of 3.5 percent.  Auto loans and student loans led the increase in credit, while households continued to reduce revolving debt.

For more information, please click on the Consumer Credit Statistics page in the menu bar.

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Posted in Banking, Consumer Credit, Economy, Federal Reserve Board

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U.S. Consumers Pull Back on Credit in August 2011

Posted on October 7, 2011 by | Leave a comment

Concerns over the financial situation in Europe and the tortured negotiations over the federal deficit in the U.S. may have led U.S. consumers to pull back on credit in August 2011.  The Federal Reserve has reported that consumer credit decreased at an annual rate of 4.5 percent in August 2011. Revolving credit decreased at an annual rate of 3.5 percent, and nonrevolving credit decreased at an annual rate of 5.25 percent.

To view the Federal Reserve report, please click on the Consumer Credit Statistics page in the menu bar.

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Posted in Banking, Consumer Credit, Economy, Federal Reserve Board

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U.S. Consumer Credit Surged 6.0% in July 2011 on Auto Loans

Posted on September 8, 2011 by | 1 Comment

The U.S. Federal Reserve Board has reported that consumer credit increased at an annual rate of 6 percent in July 2011. Revolving credit decreased at an annual rate of 5.25 percent, while nonrevolving credit increased at an annual rate of 11.25 percent.  Strong auto sales in July translated into more auto loans. Meanwhile, consumers are not using their credit cards.

To view the Fed’s latest report, please click on the Consumer Credit page in the menu bar.

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Posted in Consumer Credit, Economy

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U.S. Consumer Credit Up 4.25% in June 2011, Credit Card Debt Increases

Posted on August 5, 2011 by | Leave a comment

Just when we thought households were well on their way to deleveraging debt, the U.S. Federal Reserve reports that credit card debt increased dramatically in June 2011.  Overall, consumer credit increased at an annual rate of 4.25 percent in the second quarter. In June, consumer credit increased at an annual rate of 7.75 percent, with revolving credit increasing at a rate of 8 percent and nonrevolving credit increasing at a rate of 7.50 percent.

A dramatic increase in credit card debt at a time when consumer spending has been leveling off, and even dropping in July, is interesting to say the least.  There is not enough information to draw a sound conclusion, but my suspicion is that the extra cash many households have had from not paying mortgages, along with those whose unemployment benefits have expired, may have run out.  Stay tuned.

For more information, please click on the Consumer Credit Statistics page in the menu bar.

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Posted in Central Banks, Consumer Credit, Economy, Federal Reserve Board

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U.S. Consumer Credit Up 2.5% in May 2011 as Credit Card Debt Expands

Posted on July 8, 2011 by | Leave a comment

The U.S. Federal Reserve Board has reported that consumer credit rose 2.5 percent in May 2011.  Revolving credit, which generally consists of credit card lending, jumped 5.1 percent, while non-revolving credit increased a more modest 1.3 percent.

To view the full Fed release, please click on the Consumer Credit Statistics page in the menu bar.

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Posted in Consumer Credit, Economy

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