Consumer credit increased at a seasonally adjusted annual rate of 4.3% in January. Total outstanding credit increased to $5.007 trillion during the month.
Revolving credit, largely a reflection of credit card debt, increased at an annual rate of 8.2% to $1.326 trillion. Non-revolving credit increased at an annual rate of 3.0% to $3.681 trillion.
The Federal government holdings of student loans continue to be the largest portion of non-revolving credit, comprising 41.7% percent of non-revolving credit. Depository institutions and Finance companies are secondary and tertiary holders of non-revolving credit, with 22.3% and 19.5%, respectively of non-revolving credit.
Read the Fed release.