In February, consumer credit increased at a seasonally adjusted annual rate of 5.1%. Revolving credit increased at an annual rate of 2.4%, while nonrevolving credit increased at an annual rate of 5.9%.
Federal government holdings of student loans continue to be the largest portion of non-revolving credit, comprising approximately 41.4% of outstanding credit. Depository institutions and finance companies are secondary and tertiary holders, with 25.1% and 16.9%, respectively, of outstanding non-revolving credit.
Read the Fed release.