Nonrevolving Loans Continue To Fuel Outstanding Credit

The Federal Reserve reported on Friday that consumer credit outstanding rose $14.2 billion October to $2,753.5 billion. This follows a $12.2 billion increase in September and a $19.6 billion increase in August.

Revolving credit increased $3.2 billion in October to $857.6 billion, and follows a $2.2 billion decrease in September.

Nonrevolving credit increased $10.7 billion in October to $1,895.8 billion, and follows a $14.4 billion increase in September.

Consumer Credit 650x433 Nonrevolving Loans Continue To Fuel Outstanding Credit

Consumer Credit Table 650x287 Nonrevolving Loans Continue To Fuel Outstanding Credit

Consumer credit has now increased for 3 consecutive months.

Change in Consumer Credit short 650x433 Nonrevolving Loans Continue To Fuel Outstanding Credit

The below chart shows a longer view of changes, and includes the absurd revisions The Fed made in December 2010.

Change in Consumer Credit long 650x433 Nonrevolving Loans Continue To Fuel Outstanding Credit

Keep Reading
Quantcast