Consumer Credit Up $102688 in June

Ackerman, Andrew
August 2006
Bond Buyer;8/8/2006, Vol. 358 Issue 32440, p2
Trade Publication
The article focuses on the Federal Reserve report about the increase in borrowing by Americans at an annualized rate of 5.66% in June 2006. The increase brought consumer credit up to about $2.186 trillion and came as both revolving and non-revolving credit lines increased. Automobile loans and borrowing for purchases are included in non-revolving credit lines.


Related Articles

  • Consumer Credit Rose $3,349 Billion in December. Ferris, Craig T. // Bond Buyer;2/8/2006, Vol. 355 Issue 32315, p2 

    The article reports on the increase of consumer credit in the U.S. on December 2005. It gains an annualized rate of 1.86 percent or about 3.349 billion dollar. The growth of consumer credit came as revolving credit decreases and non-revolving credit increases. Non-revolving credit lines involve...

  • Consumer Credit Crew $3.98 in April. Newman, Emily // Bond Buyer;6/8/2004, Vol. 348 Issue 31900, p2 

    Reports on the growth of consumer credit in the United States in April 2004. Economists' forecasts on consumer credit; Decline in revolving credit lines; Rise in non-revolving credit, such as automobile loans and vacation loans.

  • Consumer Credit Down Record $7.204B in Oct. Ackerman, Andrew // Bond Buyer;12/8/2005, Vol. 354 Issue 32274, p2 

    This article focuses on a report released by the U.S. Federal Reserve Board which shows that borrowing by Americans fell at an annualized rate of 3.99%, or about $7.204 billion, in October 2005, the largest-ever numerical decline in overall consumer credit. The 3.99% fall brought consumer credit...

  • Consumer Credit Rose $12.9 Billion in May. Siegel, Gary E. // Bond Buyer;7/10/2007, Vol. 361 Issue 32667, p2 

    The article presents the report from the U.S. Federal Reserve Board about the consumer credit, which rose by $12.9 billion to May 2007 to $2.440.6 trillion from $2.427.7 trillion in April 2007. It is stressed that revolving credit increased 9.8% to $894.8 billion in May 2007 from $887.6 billion...

  • Consumer Credit Plunged in Nov. Ferris, Craig T. // Bond Buyer;1/10/2005, Vol. 351 Issue 32046, p2 

    The article reports that due to heavy borrowing consumer credit fell at an annualized rate of 4.99%, or US$8.7 billion, to US$2,085 trillion, following an upwardly revised US$9.54 billion rise in October 2004. The consumer credit figure came as both revolving credit lines and non-revolving...

  • CONSUMER CREDIT GROWTH SLOWS.  // CardLine;2006, Vol. 6 Issue 15, p12 

    The article reports that consumers scaled back their use of credit as consumer credit outstanding increased at an annual rate of 1.8% for the month of February 2006, compared with a 3.4% increase in January 2006. The Federal Government G 19 report says revolving credit was $803.9 billion in...

  • Payment cards: combating inertia.  // MarketWatch: Financial Services;March 2003, Vol. 2 Issue 3, p22 

    Focuses on European banks' inertia towards innovation in 2003 which has left them facing strong new competition from consumer credit specialists, as well as from British and U.S. market entrants. Differences in the British and the continental European credit cards; Lack of card-based credit...

  • charge account.  // International Dictionary of Finance, 4th Edition;2003, p43 

    Information about the term charge account is presented. It refers to revolving credit.

  • REVOLVING CREDIT DECLINES IN OCTOBER.  // CardLine;2005, Vol. 5 Issue 49, pN.PAG 

    The article reports on a decline in revolving credit in the U.S. in October 2005.


Read the Article


Sign out of this library

Other Topics