Tabs

Friday, June 5, 2015

Consumer Credit Grew 7.25% (SAAR) in April

Consumer credit increased at a seasonally adjusted annual rate (SAAR) of 7.3% in April to $3.38 trillion. Revolving credit rose at an annual rate of 11.6% (to $900 billion) and non-revolving credit increased at an annual rate of 5.8% ($2.49 trillion).



Total outstanding consumer credit increased by $20.5 billion, down slightly from the previous month’s increase. Total outstanding non-revolving credit increased by $11.9 billion, while outstanding revolving credit increased by $8.6 billion, up from $4.9 billion in the previous month.



Federal Government holdings of student loans continue to be the largest portion of non-revolving credit, making up 36% of outstanding credit. Finance companies and depository institutions are the secondary holders of non-revolving credit, each holding approximately 25%. Depository institutions continue to be the primary holder of revolving credit, holding 82%.

Read the Federal Reserve release.

No comments:

Post a Comment

Please read our comment policy before making a comment.