Tag Archives: consumer credit

Consumer Credit Grew 6.2% (SAAR) in May

Consumer credit increased at a seasonally adjusted annual rate of 6.2% in May, up from a 4.5% rate in April. Total outstanding credit rose $18.6 billion during the month (compared to $13.4 billion in April) to $3.62 trillion. Revolving credit rose at an annual rate of 3.0% ($2.4 billion) to $953.3 billion, compared to a 1.7% annual increase in April. ...

Read More »

Consumer Credit Grew 4.5 Percent (SAAR) in April

Consumer credit increased at a seasonally adjusted annual rate of 4.5 percent in April, down from a 9.6 percent increase in March. Total outstanding credit rose $13.4 billion during the month (compared to $28.4 billion in March) to $3.60 trillion. Revolving credit rose at an annual rate of 2.1 percent ($1.6 billion) to $951.5 billion, compared to a 13.3 percent ...

Read More »

Trade Groups Urge Congress to Fund FSA in Appropriations Bill

ABA, together with several financial and agricultural trade groups, today wrote to Congress urging lawmakers to include additional funding for the Farm Service Agency’s direct operating loan and guaranteed operating loan programs in the 2017 agriculture appropriations spending bill.

Read More »

Fed Survey Finds Increasing Economic Well-Being

Nearly seven in 10 U.S. households surveyed last fall said they are “doing okay” or “living comfortably,” according to the Federal Reserve’s 2015 Report on the Economic Well-Being of U.S. Households released yesterday.

Read More »

Consumer Credit Grew 10.0 Percent (SAAR) in March

Consumer Credit increased at a seasonally adjusted annual rate of 10.0 percent in March, the highest rate since November 2001. Total outstanding credit rose $29.7 billion during the month (compared to $14.1 billion in February) to $3.59 trillion. Revolving credit rose at an annual rate of 14.2 percent ($11.1 billion) to $951.6 billion, compared to a 3.7 percent rate in ...

Read More »

Consumer Credit Grew 5.8 Percent (SAAR) in February

Consumer Credit increased at a seasonally adjusted annual rate of 5.8 percent in February, rising $17.2 billion (compared to $14.9 billion in January) to $3.57 trillion. Revolving credit rose at an annual rate of 3.7 percent ($2.9 billion) to $940.6 billion, compared to a 0.3 percent decrease in January. Non-revolving credit increased at an annual rate of 6.6 percent, or ...

Read More »