Federal Reserve Board - Consumer Credit (original) (raw)
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Current Release PDF Data Download
Release Date*: February 7, 2025
December 2024
In 2024, consumer credit increased 2.4 percent, with revolving and nonrevolving credit increasing 4.8 percent and 1.6 percent, respectively. During the fourth quarter, consumer credit increased at a seasonally adjusted annual rate of 4.2 percent, while in December it increased at a seasonally adjusted annual rate of 9.6 percent.
Consumer Credit Outstanding 1
Seasonally adjusted. Billions of dollars except as noted.
| | 2023 | 2024 | | | | | | | | | | | | | | ------------------------------------------------------------------------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | | | 2020 | 2021 | 2022 | 2023r | 2024p | Q4 | Q1 | Q2 | Q3r | Q4p | Octr | Novr | Decp | | | Total percent change (annual rate)2 | -0.3 | 5.7 | 7.6 | 2.6 | 2.4 | 2.6 | 1.9 | 1.1 | 2.4 | 4.2 | 4.1 | -1.3 | 9.6 | | Revolving | -11.2 | 6.7 | 15.1 | 8.8 | 4.8 | 7.5 | 6.5 | 2.3 | 3.0 | 7.1 | 13.5 | -12.1 | 20.2 | | Nonrevolving 3 | 3.5 | 5.4 | 5.3 | 0.6 | 1.6 | 0.9 | 0.3 | 0.6 | 2.3 | 3.1 | 0.7 | 2.7 | 5.8 | | Total flow (annual rate)2,4 | -12.0 | 237.8 | 345.7 | 129.5 | 121.8 | 129.4 | 97.9 | 53.7 | 124.0 | 211.7 | 209.5 | -64.4 | 490.2 | | Revolving | -122.1 | 65.6 | 159.1 | 106.2 | 63.4 | 97.1 | 86.0 | 30.3 | 40.2 | 97.1 | 183.0 | -166.1 | 274.3 | | Nonrevolving 3 | 110.1 | 172.2 | 186.6 | 23.3 | 58.5 | 32.3 | 12.0 | 23.4 | 83.8 | 114.7 | 26.5 | 101.6 | 215.9 | | Total outstanding | 4,184.9 | 4,548.5 | 4,894.2 | 5,023.7 | 5,145.5 | 5,023.7 | 5,048.2 | 5,061.6 | 5,092.6 | 5,145.5 | 5,110.1 | 5,104.7 | 5,145.5 | | Revolving | 974.6 | 1,053.5 | 1,212.6 | 1,318.8 | 1,382.2 | 1,318.8 | 1,340.3 | 1,347.9 | 1,357.9 | 1,382.2 | 1,373.2 | 1,359.3 | 1,382.2 | | Nonrevolving 3 | 3,210.3 | 3,495.0 | 3,681.6 | 3,704.9 | 3,763.4 | 3,704.9 | 3,707.9 | 3,713.7 | 3,734.7 | 3,763.4 | 3,736.9 | 3,745.4 | 3,763.4 | | | | | | | | | | | | | | | | | Terms of CreditNot seasonally adjusted. Percent except as noted. | | | | | | | | | | | | | | | Commercial bank interest rates 5 | | | | | | | | | | | | | | | New car loans | | | | | | | | | | | | | | | 60-month | 5.02 | 4.82 | 5.36 | 7.83 | 8.16 | 8.15 | 8.22 | 8.20 | 8.40 | 7.82 | n.a. | 7.82 | n.a. | | 72-month | 5.21 | 4.82 | 5.50 | 7.89 | 8.29 | 8.67 | 8.41 | 8.32 | 8.76 | 7.67 | n.a. | 7.67 | n.a. | | Credit card plans | | | | | | | | | | | | | | | All accounts | 14.71 | 14.60 | 16.26 | 20.90 | 21.58 | 21.47 | 21.59 | 21.51 | 21.76 | 21.47 | n.a. | 21.47 | n.a. | | Accounts assessed interest | 16.28 | 16.45 | 17.91 | 22.15 | 22.89 | 22.75 | 22.63 | 22.78 | 23.37 | 22.80 | n.a. | 22.80 | n.a. | | Personal loans | | | | | | | | | | | | | | | 24-month | 9.51 | 9.38 | 9.87 | 11.87 | 12.27 | 12.35 | 12.49 | 11.92 | 12.33 | 12.32 | n.a. | 12.32 | n.a. | | | | | | | | | | | | | | | | | Finance companies (new car loans)6 | | | | | | | | | | | | | | | Interest rates | 5.2 | 4.6 | 5.2 | 6.7 | 6.2 | 7.0 | 6.2 | 6.3 | 6.1 | n.a. | n.a. | n.a. | n.a. | | Maturity (months) | 69 | 67 | 67 | 66 | 66 | 65 | 66 | 66 | 66 | n.a. | n.a. | n.a. | n.a. | | Amount financed (dollars) | 34,449 | 35,307 | 38,900 | 38,716 | 39,151 | 38,519 | 38,804 | 39,350 | 39,300 | n.a. | n.a. | n.a. | n.a. |
Consumer Credit Outstanding (Levels) 1
Not seasonally adjusted. Billions of dollars.
| | 2023 | 2024 | | | | | | | | | | | | | | --------------------------------------------------------------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | ------- | | | 2020 | 2021 | 2022 | 2023 | 2024p | Q4 | Q1r | Q2r | Q3r | Q4p | Octr | Novr | Decp | | | Total | 4,184.9 | 4,548.5 | 4,894.2 | 5,023.7 | 5,145.5 | 5,023.7 | 4,991.4 | 5,016.8 | 5,064.3 | 5,145.5 | 5,081.4 | 5,100.9 | 5,145.5 | | | | | | | | | | | | | | | | | Major holders | | | | | | | | | | | | | | | Depository institutions | 1,687.5 | 1,827.2 | 2,032.8 | 2,116.9 | 2,177.3 | 2,116.9 | 2,065.8 | 2,092.8 | 2,108.2 | 2,177.3 | 2,125.5 | 2,139.9 | 2,177.3 | | Finance companies | 551.4 | 695.1 | 682.7 | 727.3 | 742.9 | 727.3 | 729.3 | 731.9 | 735.8 | 742.9 | 738.5 | 739.8 | 742.9 | | Credit unions | 505.1 | 532.0 | 636.7 | 662.6 | 652.7 | 662.6 | 654.5 | 654.6 | 652.2 | 652.7 | 652.5 | 651.4 | 652.7 | | Federal government 7 | 1,381.0 | 1,436.4 | 1,487.3 | 1,462.2 | 1,518.9 | 1,462.2 | 1,488.6 | 1,484.9 | 1,515.7 | 1,518.9 | 1,512.7 | 1,516.3 | 1,518.9 | | Nonprofit and educational institutions 8 | 24.1 | 22.0 | 18.9 | 18.9 | 17.9 | 18.9 | 18.5 | 17.7 | 17.2 | 17.9 | 17.1 | 17.9 | 17.9 | | Nonfinancial business | 35.8 | 35.8 | 35.8 | 35.8 | 35.8 | 35.8 | 34.7 | 35.0 | 35.1 | 35.8 | 35.1 | 35.5 | 35.8 | | | | | | | | | | | | | | | | | Major types of credit, by holder | | | | | | | | | | | | | | | Revolving | 974.6 | 1,053.5 | 1,212.6 | 1,318.8 | 1,382.2 | 1,318.8 | 1,278.6 | 1,305.8 | 1,317.2 | 1,382.2 | 1,332.8 | 1,345.8 | 1,382.2 | | Depository institutions | 875.3 | 944.2 | 1,095.7 | 1,195.5 | 1,257.8 | 1,195.5 | 1,159.3 | 1,185.2 | 1,196.3 | 1,257.8 | 1,211.3 | 1,223.5 | 1,257.8 | | Finance companies | 17.1 | 24.7 | 22.3 | 20.8 | 18.3 | 20.8 | 19.2 | 19.0 | 18.3 | 18.3 | 18.3 | 18.3 | 18.3 | | Credit unions | 62.3 | 64.7 | 74.7 | 82.5 | 86.1 | 82.5 | 81.3 | 82.5 | 83.5 | 86.1 | 84.0 | 84.4 | 86.1 | | Federal government 7 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | | Nonprofit and educational institutions 8 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | | Nonfinancial business | 20.0 | 20.0 | 20.0 | 19.9 | 19.9 | 19.9 | 18.9 | 19.2 | 19.2 | 19.9 | 19.2 | 19.7 | 19.9 | | Nonrevolving | 3,210.3 | 3,495.0 | 3,681.6 | 3,704.9 | 3,763.4 | 3,704.9 | 3,712.8 | 3,711.1 | 3,747.0 | 3,763.4 | 3,748.6 | 3,755.0 | 3,763.4 | | Depository institutions | 812.2 | 883.0 | 937.2 | 921.4 | 919.5 | 921.4 | 906.6 | 907.6 | 911.9 | 919.5 | 914.3 | 916.5 | 919.5 | | Finance companies | 534.3 | 670.4 | 660.5 | 706.4 | 724.6 | 706.4 | 710.1 | 713.0 | 717.6 | 724.6 | 720.2 | 721.5 | 724.6 | | Credit unions | 442.8 | 467.4 | 562.0 | 580.1 | 566.6 | 580.1 | 573.2 | 572.1 | 568.7 | 566.6 | 568.5 | 567.0 | 566.6 | | Federal government 7 | 1,381.0 | 1,436.4 | 1,487.3 | 1,462.2 | 1,518.9 | 1,462.2 | 1,488.6 | 1,484.9 | 1,515.7 | 1,518.9 | 1,512.7 | 1,516.3 | 1,518.9 | | Nonprofit and educational institutions 8 | 24.1 | 22.0 | 18.9 | 18.9 | 17.9 | 18.9 | 18.5 | 17.7 | 17.2 | 17.9 | 17.1 | 17.9 | 17.9 | | Nonfinancial business | 15.8 | 15.8 | 15.8 | 15.8 | 15.8 | 15.8 | 15.9 | 15.8 | 15.9 | 15.8 | 15.9 | 15.9 | 15.8 | | | | | | | | | | | | | | | | | Memo | | | | | | | | | | | | | | | Student Loans 9 | 1,693.9 | 1,733.4 | 1,764.1 | 1,729.1 | 1,777.1 | 1,729.1 | 1,753.3 | 1,741.1 | 1,772.9 | 1,777.1 | n.a. | n.a. | 1,777.1 | | Motor Vehicle Loans 10 | 1,224.4 | 1,392.7 | 1,499.5 | 1,555.3 | 1,569.8 | 1,555.3 | 1,554.5 | 1,561.6 | 1,566.5 | 1,569.8 | n.a. | n.a. | 1,569.8 |
Consumer Credit Outstanding (Flows) 1
Not seasonally adjusted. Billions of dollars, annual rate.
| | 2023 | 2024 | | | | | | | | | | | | | | --------------------------------------------------------------- | ------- | ----- | ------ | ------ | ------ | ------ | ------- | ------ | ------ | ----- | ------ | ------ | ----- | | | 2020 | 2021 | 2022 | 2023 | 2024p | Q4 | Q1r | Q2r | Q3r | Q4p | Octr | Novr | Decp | | | Total | -12.0 | 237.8 | 345.7 | 129.5 | 121.8 | 242.8 | -129.3 | 101.9 | 189.6 | 325.2 | 205.3 | 234.1 | 536.1 | | | | | | | | | | | | | | | | | Major holders | | | | | | | | | | | | | | | Depository institutions | -91.3 | 139.7 | 205.6 | 84.1 | 60.4 | 206.8 | -204.4 | 107.8 | 61.8 | 276.5 | 207.5 | 173.3 | 448.8 | | Finance companies | 13.7 | 17.8 | -12.4 | 44.6 | 15.6 | 34.3 | 8.0 | 10.6 | 15.6 | 28.2 | 32.1 | 15.3 | 37.1 | | Credit unions | 7.1 | 26.9 | 104.7 | 25.9 | -9.9 | 4.6 | -32.6 | 0.4 | -9.5 | 2.2 | 3.7 | -13.1 | 15.9 | | Federal government 7 | 61.7 | 55.4 | 51.0 | -25.1 | 56.8 | -3.5 | 105.7 | -14.9 | 123.1 | 13.0 | -36.5 | 43.8 | 31.7 | | Nonprofit and educational institutions 8 | -3.2 | -2.0 | -3.2 | 0.1 | -1.1 | -2.2 | -1.9 | -3.1 | -1.8 | 2.5 | -1.9 | 9.7 | -0.2 | | Nonfinancial business | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.8 | -4.2 | 1.1 | 0.3 | 2.8 | 0.3 | 5.3 | 2.7 | | | | | | | | | | | | | | | | | Major types of credit, by holder | | | | | | | | | | | | | | | Revolving | -122.1 | 65.6 | 159.1 | 106.2 | 63.4 | 259.9 | -160.9 | 108.7 | 45.8 | 259.8 | 186.6 | 156.5 | 436.4 | | Depository institutions | -113.0 | 68.9 | 151.5 | 99.8 | 62.3 | 241.8 | -145.1 | 103.7 | 44.4 | 246.3 | 179.8 | 146.9 | 412.2 | | Finance companies | -4.8 | -5.6 | -2.5 | -1.4 | -2.6 | 1.7 | -6.7 | -0.8 | -2.8 | 0.1 | 0.1 | 0.1 | 0.1 | | Credit unions | -4.3 | 2.4 | 10.0 | 7.8 | 3.6 | 13.3 | -4.8 | 4.8 | 4.1 | 10.3 | 6.3 | 3.9 | 20.8 | | Federal government 7 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | | Nonprofit and educational institutions 8 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | | Nonfinancial business | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.1 | -4.3 | 1.1 | 0.1 | 3.1 | 0.4 | 5.5 | 3.3 | | Nonrevolving | 110.1 | 172.2 | 186.6 | 23.3 | 58.5 | -17.0 | 31.5 | -6.8 | 143.8 | 65.3 | 18.6 | 77.7 | 99.7 | | Depository institutions | 21.7 | 70.8 | 54.1 | -15.8 | -1.9 | -34.9 | -59.4 | 4.2 | 17.4 | 30.2 | 27.7 | 26.4 | 36.6 | | Finance companies | 18.5 | 23.5 | -9.9 | 46.0 | 18.2 | 32.6 | 14.7 | 11.4 | 18.4 | 28.1 | 32.0 | 15.1 | 37.0 | | Credit unions | 11.3 | 24.6 | 94.6 | 18.1 | -13.5 | -8.7 | -27.7 | -4.4 | -13.6 | -8.2 | -2.6 | -17.1 | -4.8 | | Federal government 7 | 61.7 | 55.4 | 51.0 | -25.1 | 56.8 | -3.5 | 105.7 | -14.9 | 123.1 | 13.0 | -36.5 | 43.8 | 31.7 | | Nonprofit and educational institutions 8 | -3.2 | -2.0 | -3.2 | 0.1 | -1.1 | -2.2 | -1.9 | -3.1 | -1.8 | 2.5 | -1.9 | 9.7 | -0.2 | | Nonfinancial business | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.3 | 0.1 | 0.0 | 0.2 | -0.3 | -0.2 | -0.3 | -0.5 | | | | | | | | | | | | | | | | | Memo | | | | | | | | | | | | | | | Student Loans 9 | 56.0 | 39.6 | 30.7 | -34.9 | 48.0 | -13.7 | 96.8 | -48.8 | 127.0 | 16.8 | n.a. | n.a. | 16.8 | | Motor Vehicle Loans 10 | 40.3 | 90.4 | 106.8 | 55.8 | 14.5 | 12.0 | -3.3 | 28.6 | 19.3 | 13.3 | n.a. | n.a. | 13.3 |
Last Update: February 07, 2025