Tag Archive for ‘federal reserve board’

Revolving Debt Increases Significantly in Latest Consumer Credit Report

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through July 2019. In July, consumer credit increased at a seasonally adjusted annual rate of 7 percent, the largest monthly percentage gain in its category in a year. Consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1… Read More ›

Refinancing Activity Buoyed by Federal Reserve Rate Cuts

The latest data from the Mortgage Bankers Association’s Weekly Application Survey show a strong reaction to the market among prospective homebuyers and those wishing to refinance their existing home loans. There are two main factors: The Federal Reserve’s cutting of interest rates and the ongoing trade war with China. The 30-year fixed-rate mortgage dropped by 15 basis points from the previous… Read More ›

Non-revolving Debt Fuels Consumer Credit in the Latest Quarter

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through June 2019. As of June 30, 2019, consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1 trillion in revolving debt1 and $3.0 trillion in nonrevolving debt2. This is an increase of $15 billion from the previous… Read More ›

Senior Loan Officer Opinion Survey Asks Banks About Standards Since 2005

The Federal Reserve’s latest Senior Loan Officer Opinion Survey shows an array of responses on the lending practices of various banks as of the second quarter of 2019 among various loan classes. The three main categories of these loans are residential real estate loans, commercial & industrial (C&I) loans, and commercial real estate (CRE) loans. In this quarter, the survey… Read More ›

Consumer Credit Report Shows Acceleration of Revolving Debt

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through May 2019. As of May 31, 2019, consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1 trillion in revolving debt1 and $3.0 trillion in nonrevolving debt2. This is an increase of $17 billion from the previous… Read More ›

Consumer Credit Posts Highest Yearly Increase Since July 2017

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through April 2019. As of April 30, 2019, consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1 trillion in revolving debt1 and $3.0 trillion in nonrevolving debt2. The latest monthly year-over-year percentage increase of 5.3% in the… Read More ›

Lending Conditions Tighten (But Less than Expected)

The recently released results of the Federal Reserve Board’s quarterly Senior Loan Officer Opinion Survey (SLOOS) show some tightening of lending conditions in the first quarter of 2019. While many banks reported that their standards in approving applications for credit cards from individuals or households tightened somewhat, overall, the tightening was not as much as they had anticipated, when they… Read More ›

Consumer Credit Increases in March

The latest data from the Federal Reserve Board’s G.19 Consumer Credit Report show an increase in consumer credit at a seasonally adjusted annual rate of 4.3% during the first quarter of 2019. During this time, revolving credit1 increased by 1.4% and nonrevolving credit2 increased by 5.3%. At the end of the first quarter, total outstanding consumer credit totaled $4.1 trillion…. Read More ›

Nonrevolving Consumer Credit Decelerates in February

The current G.19 Federal Reserve Consumer Credit report has been updated to show the preliminary figures for February 2019 consumer credit. In February, consumer credit increased at a seasonally adjusted annual rate of 4.5%. Revolving1 credit increased at an annual rate of 3.3%, while nonrevolving2 credit increased at an annual rate of 5%. In the previous month, nonrevolving debt grew… Read More ›