Tag Archive for ‘consumer credit’

Show Me the Credit

Consumer credit (excluding mortgages) in the first quarter of 2014 was up 25 percent from its low set in the second quarter of 2010, according to the Federal Reserve Board. Among the components, student loans are 45 percent higher, car loans gained 26 percent and credit cards are up 5 percent. Car lending has rebounded over the few past years… Read More ›

Consumer Debt Expands on Mortgages, Student and Auto Loans

The Federal Reserve Bank of New York recently reported that aggregate consumer debt, which includes mortgages, rose by 1.1% or $129 billion over the first quarter of 2014. There is now an estimated $11.7 trillion in aggregate consumer debt outstanding. Total consumer indebtedness has now risen for 3 consecutive quarters; however, it still remains 8.1% below its peak of $12.7… Read More ›

Consumer Credit Expands, But At a Slower Rate

The Federal Reserve Board recently reported that growth in consumer credit outstanding decelerated in January 2014. Total consumer credit outstanding rose by 5.3% on a month-over-month seasonally adjusted basis, but the January growth rate was 0.9 percentage points less than the 6.2% growth rate that took place in December. There is now $3.1 trillion in total consumer credit outstanding. The… Read More ›

Aggregate Household Debt Expands, but HELOCs Shrink

Data released by the Federal Reserve Bank of New York shows that aggregate consumer debt increased in the fourth quarter of 2013 by 2.1%, or $241 billion, from its level in the third quarter of 2013. According to the release, household debt now totals $11.5 trillion. This is the largest quarter-over-quarter increase seen since the third quarter of 2007. Over… Read More ›

Banks Lead Consumer Credit Expansion

Recently released data from the Federal Reserve Board shows that seasonally adjusted consumer credit outstanding rose by 7.25% in December 2013 to $3.1 trillion. Revolving credit, which is composed of credit cards, grew by 7.0% while non-revolving credit, largely composed by student loans and auto loans, increased by 7.4%. Over the year of 2013, growth in consumer credit accelerated by… Read More ›

Consumer Credit Rises in November

Data released by the Federal Reserve Board indicates that consumer credit outstanding rose at a seasonally adjusted annual rate of 4.8% in November. The amount of consumer credit outstanding now totals $3.1 trillion. The November expansion of consumer credit outstanding mostly reflects a 6.4% increase in non-revolving debt. Non-revolving debt outstanding, which is largely composed of student loan and auto… Read More ›

Majority of Non-Revolving Credit Held By Federal Government

Recently released data from the Federal Reserve Board indicates that consumer credit outstanding is continuing to expand. According to the release, total consumer credit outstanding increased at a seasonally adjusted rate of 5.4% in September. For the quarter overall, consumer credit rose by 5.2%. The September increase in consumer credit reflected an 8.7% increase in non-revolving credit, which encompasses student… Read More ›

Student Loans Fuel Expansion of Consumer Credit

Data from the Federal Reserve Board indicates that consumer credit continues to expand. According to the most recent release, the total amount of consumer credit outstanding rose by an annual rate of 5.4% in August to $3.0 trillion. In July, consumer credit rose by 4.1%. The acceleration in consumer credit outstanding partly reflects a higher rate of growth in non-revolving… Read More ›

Soaring Revolving Credit May Not Indicate Strengthening Consumer Demand

The Federal Reserve Board reported that the total amount of consumer credit outstanding grew by a seasonally adjusted annual rate of 8.3% to $2.8 trillion in May, as debt associated with student and car loans, as well as credit card debt rose. In April, consumer credit outstanding rose by 4.6%. The month-over-month increase in consumer credit outstanding reflected acceleration in… Read More ›

Growth in Consumer Credit Accelerates

According to the Federal Reserve Board, growth in the amount of consumer credit outstanding, this includes outstanding credit extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate, accelerated in April. According to the release, the amount of consumer credit outstanding increased at a seasonally adjusted annual rate of 4.7% in April, 1.1 percentage… Read More ›