Tag Archive for ‘consumer credit’

Bank-Holdings of Consumer Credit: All of the Eggs are in One Basket

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 7.3%, $246.5 billion, in April 2015. Consumer credit outstanding now totals $3.385 trillion. For the first time in 13 months and the second time in 87 months, the monthly growth rate of revolving credit outstanding outpaced the increase in non-revolving credit. Revolving credit outstanding… Read More ›

Consumer Credit Outstanding: Are Banks Losing Relevance?

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 7.4%, $246.3 billion, in March 2015. Over the first quarter of 2015, consumer credit outstanding increased by 5.4%. Consumer credit outstanding now totals $3.363 trillion. The expansion of total consumer credit outstanding largely reflected an increase in the outstanding amount of non-revolving consumer credit…. Read More ›

Non-Revolving Credit Drives Consumer Credit Growth

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 5.6%, $186.2 billion, in February 2015. Consumer credit outstanding now totals $3.343 trillion. The expansion of total consumer credit outstanding reflected an increase in the outstanding amount of non-revolving consumer credit. Non-revolving consumer credit includes auto loans and student loans. According to the report,… Read More ›

Consumer Credit Expands on Auto, Student Loans

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 4.2%, $138.7 billion, in January 2015. Consumer credit outstanding now totals $3.3 trillion. The expansion of total consumer credit outstanding reflected an increase in the outstanding amount of non-revolving consumer credit. Non-revolving consumer credit includes auto loans and student loans. According to… Read More ›

Consumer Lending (And Risk) Grows

A recent release from the Federal Reserve Board indicates that consumer credit outstanding grew by a seasonally adjusted annual rate of 6.9% over the year of 2014, accelerating from the 6.0% growth rate recorded in 2013. At the end of 2014, there was $3.3 trillion in consumer credit outstanding. The expansion in consumer credit outstanding over the year largely reflected… Read More ›

Households Show Willingness to Take on Most Forms of Debt

Data released by the Federal Reserve Board indicates that consumer credit outstanding increased over the month of October 2014. The data released by the Federal Reserve Board covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate. According to the release, total consumer credit outstanding expanded by a seasonally adjusted annual rate of 5%. Both… Read More ›

Mortgage Delinquency Rates Fall

Recently released data from the Mortgage Bankers Association (MBA) shows that the share of mortgages that are considered delinquent fell. On a seasonally adjusted basis, the share of mortgages past due declined over the third quarter of 2014 by 19 basis points to 5.85%. Over the past year, the proportion of mortgages past due decreased by 66 basis points from… Read More ›

Consumer Credit Expands

Data released by the Federal Reserve Board shows that the amount of consumer credit outstanding rose over the month of September 2014. According to the release, consumer credit outstanding grew at a seasonally adjusted annual rate of 5.9% ($191.1 billion). Revolving credit outstanding, which is largely made up of credit card debt, increased by 2.0% ($17.3 billion), while non-revolving credit… Read More ›

Consumer Credit Grows

Data released by the Federal Reserve Board indicates that consumer credit outstanding expanded over the month of July. On a seasonally adjusted annual rate basis, total consumer credit, which excludes housing related credit such as mortgages and home equity lines of credit, rose by 10%, $312 billion, over the month. Non-revolving credit outstanding, largely composed of auto loans and student… Read More ›

Credit The Consumer

Consumer debt is gaining steam. Consumer credit grew by $62 billion in the second quarter of this year (seasonally adjusted), the most in three-and-a-half years. Most of the increase was in non-revolving credit ($50 billion) while revolving debt rose by $12 billion. In addition, automobile loans increased $25 billion (not seasonally adjusted), the most since the third quarter of 2013,… Read More ›