Tag Archive for ‘federal reserve board’

Consumer Credit Decreases in August

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through August 2020. In August, consumer credit decreased at a seasonally adjusted annual rate of 2 percent from the previous month, with revolving debt1 decreasing at a staggering rate of 11-1/4 percent and nonrevolving debt2 increasing by 3/4 percent. Consumer credit… Read More ›

Open-Ended Credit Slowly Recovers in July

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through July 2020. Consumer credit increased at a seasonally adjusted annual rate of 2.6% from the previous month, with revolving debt1 decreasing by slightly less than 0.5% and nonrevolving debt2 increasing by 4.8 percent. Consumer credit totaled $4.1 trillion on a… Read More ›

Q2 2020 Senior Loan Officer Opinion Survey

The Federal Reserve’s latest release of the Senior Loan Officer Opinion Survey shows banks’ lending practices and households and businesses’ demand for various classes of loans as of the second quarter of 2020. As evidenced in the survey, in the wake of the COVID-19-wrought pandemic, widespread economic hardship caused many banks to tighten their standards across all credit classes of… Read More ›

Nonrevolving Debt Fuels June Consumer Credit

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through June 2020. In June, consumer credit increased at a seasonally adjusted annual rate of 2.6% from the previous month, with revolving debt1 decreasing by 2.8% and nonrevolving debt2 increasing by 4.3 percent. Consumer credit totaled $4.1 trillion on a seasonally… Read More ›

Total Consumer Credit in May Decreases

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through May 2020. In May, consumer credit decreased at a seasonally adjusted annual rate of 5.3% from the previous month, with revolving debt1 decreasing by 28.6% and nonrevolving debt2 increasing by 2.3 percent. Consumer credit totaled $4.1 trillion on a seasonally… Read More ›

Household Balance Sheets: 1Q20

The first quarter of 2020’s Financial Accounts of the United States, the Federal Reserve’s flow of funds data, show the aggregate values of households’ assets and liabilities in the nation. Households’ real estate assets totaled $30.3 trillion and liabilities totaled $10.7 trillion, making homeowners’ equity $19.7 trillion or 65% of total household real estate. The first quarter’s data saw a… Read More ›

April Consumer Credit Indicates Recovery Challenges

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through April 2020. In April, consumer credit decreased at a seasonally adjusted annual rate of 19.6% from the previous month, with revolving debt1 decreasing by 64.9% and nonrevolving debt2 decreasing by 4.0 percent. Consumer credit totaled $4.1 trillion on a seasonally… Read More ›

Loan Officer Survey Highlights Gaps In Mortgage and Construction Loan Demand

The theme of the latest Senior Loan Officer Opinion Survey reflecting banks’ lending practices, in the first quarter of 2020, is one that is echoed in other reports produced by organizations in the financial services sector. Amid the continuing efforts to slow the spread of COVID-19, focusing on existing assets and clients is more important than expanding balance sheets to… Read More ›

Closed-Ended Credit Surged in February

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through February 2020. In February, consumer credit increased at a seasonally adjusted annual rate of 6.4% from the previous month, with revolving debt1 increasing by 4.6% and nonrevolving debt2 increasing by 7 percent. Consumer credit totaled $4.2 trillion on a… Read More ›

Household Balance Sheets: 4Q19

The fourth quarter 2019 Financial Accounts of the United States, the Federal Reserve’s flow of funds data, show the aggregate values of households’ assets and liabilities in the nation. Households’ real estate assets totaled $29.3 trillion and liabilities totaled $10.6 trillion, making homeowners’ equity $18.7 trillion or 64% of total household real estate. The data show a continuation of the… Read More ›