*


**In July, total consumer credit decreased at a seasonally adjusted annual rate of 1-1/2 percent. Revolving credit decreased at an annual rate 6-3/4 percent, and nonrevolving credit increased at an annnual rate of 1 percent.**

Consumer Credit Outstanding
LevelsFlows


|Consumer Credit Outstanding 1Seasonally adjusted. Billions of dollars except as noted.
|--------------------------------------------------------------------------------------
|
|
|
|5.9                                                                                   
|8.5                                                                                   
|4.3                                                                                   
|141.3                                                                                 
|78.7                                                                                  
|62.6                                                                                  
|2,528.8                                                                               
|1,008.1                                                                               
|1,520.6                                                                               
|                                                                                      
|
|
|
|7.77                                                                                  
|12.38                                                                                 
|
|13.30                                                                                 
|14.68                                                                                 
|                                                                                      
|
|4.87                                                                                  
|62.0                                                                                  
|95                                                                                    
|28,287                                                                                

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|Consumer Credit Outstanding (Levels) 1 (Billions of dollars)Not seasonally adjusted
|-----------------------------------------------------------------------------------
|
|
|
|**2,528.8**                                                                        
|                                                                                   
|
|894.9                                                                              
|572.1                                                                              
|236.6                                                                              
|93.0                                                                               
|59.3                                                                               
|673.0                                                                              
|                                                                                   
|
|1,008.1                                                                            
|398.2                                                                              
|77.3                                                                               
|31.1                                                                               
|...                                                                                
|36.1                                                                               
|465.5                                                                              
|1,520.6                                                                            
|496.7                                                                              
|494.8                                                                              
|205.5                                                                              
|93.0                                                                               
|23.2                                                                               
|207.5                                                                              

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|Consumer Credit Outstanding (Flows) 1 (Billions of dollars; annual rate)Not seasonally adjusted
|-----------------------------------------------------------------------------------------------
|
|
|
|**141.3**                                                                                      
|                                                                                               
|
|58.1                                                                                           
|40.2                                                                                           
|0.5                                                                                            
|6.0                                                                                            
|2.2                                                                                            
|34.1                                                                                           
|
|78.7                                                                                           
|28.4                                                                                           
|3.9                                                                                            
|3.7                                                                                            
|...                                                                                            
|2.4                                                                                            
|40.2                                                                                           
|62.6                                                                                           
|29.7                                                                                           
|36.3                                                                                           
|-3.2                                                                                           
|6.0                                                                                            
|-0.2                                                                                           
|-6.1                                                                                           

*This release is generally issued on the fifth business day of each month. See the Statistical Release Schedule for more information. Footnotes Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
	The series for consumer credit outstanding and 
	its components may contain breaks that result from discontinuities in 
	source data.
	Percent changes are adjusted to exclude the effect of such breaks. In 
	addition, percent changes are at a simple annual rate and are
	calculated from unrounded data.
	Includes automobile loans and all other loans not
	 included in revolving credit, such as loans for mobile homes, 
	education, boats,
	trailers, or vacations. These loans may be secured or unsecured.
        Flow data represent changes in the level of credit due to 
	economic and financial activity, and exclude breaks in the data series due 
	to changes in methodology, source data, and other technical aspects of the 
	estimation that could affect the level of credit.
	Interest rates are annual percentage rates (APR) 
	as specified by the Federal Reserve's Regulation Z. Interest rates for 
	new-car loans
	and personal loans at commercial banks are simple unweighted averages of
	 each bank's most common rate charged during the first calendar
	week of the middle month of each quarter. For credit card accounts, the 
	rate for all accounts is the stated APR averaged across all
	credit card accounts at all reporting banks. The rate for accounts 
	assessed interest is the annualized ratio of total finance charges
	at all reporting banks to the total average daily balances against which
	 the finance charges were assessed (excludes accounts for
	which no finance charges were assessed).
	The statistical foundation for these series has 
	deteriorated. Therefore, publication of these 
	series is
	temporarily being suspended. The statistical foundation is in the 
	process of being improved, and publication will resume as soon as 
	possible.
	Consumer loans held by the federal government include loans originated by the Department of Education under the Federal Direct
	Loan Program, as well as Federal Family Education Loan Program loans that the government purchased from depository institutions and finance companies.Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets
	of the loan originators.
	The shift of consumer credit from pools of securitized assets to other categories is largely due to financial institutions'
	implementation of the FAS 166/167 accounting rules.


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