Tag Archive for ‘federal reserve board’

Market Dynamics Contribute to Consumer Credit Growth

Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.8%, $206.6 billion, in the month of February 2016, 0.7 percentage point faster than the 5.1% rate of growth recorded in January. Consumer credit outstanding now totals $3.568 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of revolving consumer credit. The outstanding amount… Read More ›

Households’ Aggregate Home Equity Rose Over the Year

According to the Federal Reserve Board’s fourth quarter of 2015 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted basis, totaled $22.029 trillion in the fourth quarter of 2015, $1.255 trillion higher than its level in the fourth quarter of 2014, $20.774 trillion. At the same time, home… Read More ›

Residential Mortgages: Who Borrows What?

The Financial Accounts of the United States shows continued improvement in the aggregate home equity position of U.S. households. Household holdings of real estate, measured on a not seasonally adjusted basis, totaled $21.540 trillion in the second quarter of 2015, $1.366 trillion higher than its level, $20.174 trillion, in the second quarter of 2014. At the same time, home mortgage debt outstanding,… Read More ›

The Impact of Oil Prices on Bank Lending or “Will the Tail Wag the Dog?”

The Federal Reserve Board recently released its survey of senior bank loan officers. The April 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to households and businesses and over the first quarter of 2015. A previous post discussed a special question on bank approval of residential… Read More ›