Credit Card and Debt Statistics Database
by Scott Bilker |
Slower Increase in Consumer Credit |
Consumer credit increased at an annual rate of 5 percent in May, down from a 10.5 percent rate in April, according to the Federal Reserve. Both revolving and nonrevolving credit increased at a slower rate, compared to the previous month. Commercial banks held 34 percent of total consumer credit, 31 percent of revolving credit and 37 percent of non-revolving consumer credit. |
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Categories: |
Debt,Consumer Credit |
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Reporting Pub: |
Aba.com |
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Reporting Date: |
7/1/2001 |
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Article
Title: |
Briefing on the Economy, Credit, and Interest Rates from the Economic Advisory Committee of the American Bankers Association July 2001 |
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Article
Author: |
Bank Economist Outlook |
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Pub's Source: |
Federal Reserve Board |
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Source
URL: |
View details from source |
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