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Board of Governors of the Federal Reserve System
Federal Reserve Board of Governors

Federal Reserve BULLETIN

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Accessible Versions of Figures

 

Figure 1. Outstanding consumer credit, January 1970 - January 2012

Year Month Revolving credit (billions of dollars) Nonrevolving credit (billions of dollars) Revolving credit share of total credit
1970 January 3.91 123.85 0.03
1970 February 3.95 122.99 0.03
1970 March 3.97 122.70 0.03
1970 April 4.06 123.25 0.03
1970 May 4.11 123.94 0.03
1970 June 4.23 125.19 0.03
1970 July 4.34 125.59 0.03
1970 August 4.45 126.21 0.03
1970 September 4.60 126.82 0.04
1970 October 4.69 126.90 0.04
1970 November 4.77 126.64 0.04
1970 December 5.13 128.53 0.04
1971 January 7.54 126.72 0.06
1971 February 7.47 126.31 0.06
1971 March 7.36 126.71 0.05
1971 April 7.46 128.35 0.05
1971 May 7.57 129.71 0.06
1971 June 7.64 131.27 0.06
1971 July 7.77 132.11 0.06
1971 August 7.94 133.87 0.06
1971 September 8.15 135.32 0.06
1971 October 8.10 136.35 0.06
1971 November 8.10 138.19 0.06
1971 December 8.53 140.71 0.06
1972 January 8.47 139.25 0.06
1972 February 8.31 139.35 0.06
1972 March 8.26 140.59 0.06
1972 April 8.38 142.51 0.06
1972 May 8.47 145.06 0.06
1972 June 8.67 147.55 0.06
1972 July 8.83 148.34 0.06
1972 August 9.07 150.64 0.06
1972 September 9.27 152.26 0.06
1972 October 9.19 153.80 0.06
1972 November 9.22 155.78 0.06
1972 December 9.70 159.06 0.06
1973 January 9.77 159.51 0.06
1973 February 9.71 160.34 0.06
1973 March 9.63 161.90 0.06
1973 April 9.74 164.24 0.06
1973 May 9.90 167.37 0.06
1973 June 10.22 170.18 0.06
1973 July 10.41 171.75 0.06
1973 August 10.77 174.58 0.06
1973 September 10.91 175.78 0.06
1973 October 10.95 177.73 0.06
1973 November 11.14 179.36 0.06
1973 December 11.71 181.27 0.06
1974 January 11.79 179.43 0.06
1974 February 11.57 179.05 0.06
1974 March 11.35 179.11 0.06
1974 April 11.50 181.00 0.06
1974 May 11.80 183.04 0.06
1974 June 12.14 184.64 0.06
1974 July 12.52 185.60 0.06
1974 August 12.98 187.55 0.06
1974 September 13.18 188.07 0.07
1974 October 13.18 187.94 0.07
1974 November 13.27 187.43 0.07
1974 December 13.68 188.24 0.07
1975 January 13.85 185.05 0.07
1975 February 13.56 183.82 0.07
1975 March 13.21 182.71 0.07
1975 April 13.30 183.18 0.07
1975 May 13.32 184.25 0.07
1975 June 13.43 182.50 0.07
1975 July 13.72 183.76 0.07
1975 August 14.06 185.43 0.07
1975 September 14.31 186.88 0.07
1975 October 14.30 187.91 0.07
1975 November 14.31 188.78 0.07
1975 December 15.02 191.98 0.07
1976 January 15.11 190.14 0.07
1976 February 14.81 189.55 0.07
1976 March 14.46 190.45 0.07
1976 April 14.61 193.45 0.07
1976 May 14.69 195.42 0.07
1976 June 14.89 198.26 0.07
1976 July 15.33 199.87 0.07
1976 August 15.67 202.23 0.07
1976 September 16.03 204.66 0.07
1976 October 16.10 206.80 0.07
1976 November 16.24 208.42 0.07
1976 December 17.19 211.77 0.08
1977 January 32.21 193.96 0.14
1977 February 31.59 194.97 0.14
1977 March 31.44 197.71 0.14
1977 April 31.93 201.27 0.14
1977 May 32.45 205.00 0.14
1977 June 32.94 209.11 0.14
1977 July 33.28 211.78 0.14
1977 August 33.95 215.60 0.14
1977 September 34.58 218.38 0.14
1977 October 35.04 221.76 0.14
1977 November 36.01 224.22 0.14
1977 December 39.27 225.62 0.15
1978 January 38.80 224.56 0.15
1978 February 38.14 225.42 0.14
1978 March 38.03 228.94 0.14
1978 April 38.42 233.10 0.14
1978 May 38.96 238.41 0.14
1978 June 39.88 244.65 0.14
1978 July 40.55 247.54 0.14
1978 August 41.60 252.26 0.14
1978 September 42.59 255.44 0.14
1978 October 42.99 257.31 0.14
1978 November 44.17 260.24 0.15
1978 December 48.31 263.00 0.16
1979 January 47.80 262.98 0.15
1979 February 47.07 264.07 0.15
1979 March 46.77 267.05 0.15
1979 April 47.25 270.81 0.15
1979 May 47.86 275.02 0.15
1979 June 48.55 278.77 0.15
1979 July 48.92 281.99 0.15
1979 August 50.30 286.48 0.15
1979 September 51.23 290.30 0.15
1979 October 51.93 292.86 0.15
1979 November 53.27 294.87 0.15
1979 December 56.94 297.68 0.16
1980 January 56.16 295.52 0.16
1980 February 55.15 295.35 0.16
1980 March 54.15 295.52 0.15
1980 April 53.49 294.79 0.15
1980 May 53.04 293.10 0.15
1980 June 52.85 292.79 0.15
1980 July 52.83 292.94 0.15
1980 August 53.56 294.90 0.15
1980 September 53.81 296.53 0.15
1980 October 53.59 297.52 0.15
1980 November 54.17 297.45 0.15
1980 December 58.51 299.54 0.16
1981 January 57.72 296.63 0.16
1981 February 56.38 295.78 0.16
1981 March 55.85 298.05 0.16
1981 April 56.38 299.76 0.16
1981 May 56.65 301.94 0.16
1981 June 57.80 303.82 0.16
1981 July 57.92 305.45 0.16
1981 August 58.60 307.51 0.16
1981 September 59.81 312.12 0.16
1981 October 60.04 311.92 0.16
1981 November 60.61 312.61 0.16
1981 December 64.81 313.08 0.17
1982 January 63.42 313.13 0.17
1982 February 61.74 311.75 0.17
1982 March 60.95 312.59 0.16
1982 April 61.35 314.13 0.16
1982 May 61.64 316.09 0.16
1982 June 62.58 318.31 0.16
1982 July 63.30 317.97 0.17
1982 August 64.16 319.73 0.17
1982 September 64.83 321.99 0.17
1982 October 64.93 321.64 0.17
1982 November 65.56 322.67 0.17
1982 December 70.46 326.26 0.18
1983 January 68.93 324.18 0.18
1983 February 66.80 322.37 0.17
1983 March 66.74 325.17 0.17
1983 April 67.44 327.52 0.17
1983 May 67.68 329.57 0.17
1983 June 69.39 334.45 0.17
1983 July 70.52 337.95 0.17
1983 August 71.91 343.23 0.17
1983 September 73.20 347.42 0.17
1983 October 74.52 351.09 0.18
1983 November 76.72 354.96 0.18
1983 December 83.80 361.08 0.19
1984 January 81.51 361.73 0.18
1984 February 80.62 367.37 0.18
1984 March 82.08 369.93 0.18
1984 April 83.27 374.75 0.18
1984 May 85.73 383.61 0.18
1984 June 88.39 391.41 0.18
1984 July 89.21 396.96 0.18
1984 August 91.61 403.85 0.18
1984 September 93.91 407.93 0.19
1984 October 95.44 411.56 0.19
1984 November 98.15 414.28 0.19
1984 December 106.26 420.33 0.20
1985 January 105.71 419.70 0.20
1985 February 105.18 422.73 0.20
1985 March 106.69 429.33 0.20
1985 April 108.80 435.62 0.20
1985 May 109.62 442.69 0.20
1985 June 111.19 448.40 0.20
1985 July 112.71 453.76 0.20
1985 August 115.01 459.84 0.20
1985 September 117.52 468.38 0.20
1985 October 119.20 471.87 0.20
1985 November 122.69 474.60 0.21
1985 December 131.55 479.02 0.22
1986 January 130.35 477.02 0.21
1986 February 128.61 477.20 0.21
1986 March 128.65 478.15 0.21
1986 April 130.62 483.75 0.21
1986 May 131.87 490.04 0.21
1986 June 133.08 494.81 0.21
1986 July 134.04 499.57 0.21
1986 August 135.74 504.78 0.21
1986 September 136.26 513.63 0.21
1986 October 137.70 519.03 0.21
1986 November 140.27 516.63 0.21
1986 December 148.90 517.45 0.22
1987 January 144.48 510.85 0.22
1987 February 142.26 505.82 0.22
1987 March 141.33 502.98 0.22
1987 April 143.90 507.21 0.22
1987 May 145.47 508.92 0.22
1987 June 148.42 511.89 0.22
1987 July 150.67 515.04 0.23
1987 August 152.77 520.97 0.23
1987 September 155.37 524.27 0.23
1987 October 156.74 526.97 0.23
1987 November 158.50 529.32 0.23
1987 December 169.64 529.00 0.24
1988 January 168.33 526.90 0.24
1988 February 165.72 526.79 0.24
1988 March 165.38 528.35 0.24
1988 April 167.18 533.44 0.24
1988 May 168.61 536.82 0.24
1988 June 171.37 538.76 0.24
1988 July 172.16 541.54 0.24
1988 August 174.79 548.14 0.24
1988 September 176.37 549.47 0.24
1988 October 178.43 549.70 0.25
1988 November 183.67 548.99 0.25
1988 December 194.46 550.75 0.26
1989 January 189.61 563.40 0.25
1989 February 187.30 562.40 0.25
1989 March 188.47 564.72 0.25
1989 April 190.80 568.48 0.25
1989 May 192.72 571.36 0.25
1989 June 195.89 573.72 0.25
1989 July 197.42 575.78 0.26
1989 August 200.80 579.40 0.26
1989 September 202.08 582.13 0.26
1989 October 203.52 583.53 0.26
1989 November 208.42 584.75 0.26
1989 December 222.30 586.99 0.27
1990 January 217.90 584.94 0.27
1990 February 216.06 580.28 0.27
1990 March 214.92 577.40 0.27
1990 April 217.05 576.25 0.27
1990 May 220.51 573.52 0.28
1990 June 223.52 575.19 0.28
1990 July 227.12 575.91 0.28
1990 August 231.24 578.29 0.29
1990 September 233.65 578.65 0.29
1990 October 234.73 578.87 0.29
1990 November 240.22 576.22 0.29
1990 December 250.91 573.48 0.30
1991 January 243.37 569.37 0.30
1991 February 241.82 563.39 0.30
1991 March 243.91 558.30 0.30
1991 April 245.65 556.54 0.31
1991 May 247.85 553.79 0.31
1991 June 249.68 551.63 0.31
1991 July 250.93 548.50 0.31
1991 August 254.61 547.51 0.32
1991 September 257.75 544.75 0.32
1991 October 259.96 539.49 0.33
1991 November 263.90 537.24 0.33
1991 December 277.09 538.49 0.34
1992 January 270.42 535.42 0.34
1992 February 265.96 531.81 0.33
1992 March 263.74 529.61 0.33
1992 April 264.52 527.40 0.33
1992 May 265.51 525.72 0.34
1992 June 267.82 524.52 0.34
1992 July 267.74 525.21 0.34
1992 August 270.60 528.79 0.34
1992 September 272.16 529.78 0.34
1992 October 274.00 526.77 0.34
1992 November 276.75 529.08 0.34
1992 December 292.26 532.51 0.35
1993 January 286.16 530.25 0.35
1993 February 283.05 528.65 0.35
1993 March 281.77 525.50 0.35
1993 April 283.45 530.11 0.35
1993 May 285.08 527.84 0.35
1993 June 286.86 531.80 0.35
1993 July 290.81 533.18 0.35
1993 August 294.56 539.15 0.35
1993 September 298.29 544.38 0.35
1993 October 300.50 548.90 0.35
1993 November 308.14 552.02 0.36
1993 December 325.01 561.16 0.37
1994 January 318.08 561.35 0.36
1994 February 314.99 562.15 0.36
1994 March 316.40 567.48 0.36
1994 April 321.04 572.97 0.36
1994 May 325.38 579.80 0.36
1994 June 331.25 587.33 0.36
1994 July 335.94 589.16 0.36
1994 August 345.62 598.79 0.37
1994 September 348.63 611.33 0.36
1994 October 351.52 619.50 0.36
1994 November 364.55 621.31 0.37
1994 December 383.19 637.98 0.38
1995 January 378.40 639.96 0.37
1995 February 377.78 636.31 0.37
1995 March 381.57 642.97 0.37
1995 April 385.05 650.30 0.37
1995 May 393.78 654.55 0.38
1995 June 401.75 661.37 0.38
1995 July 404.27 667.03 0.38
1995 August 415.10 674.46 0.38
1995 September 427.09 682.51 0.38
1995 October 432.00 684.86 0.39
1995 November 439.09 698.40 0.39
1995 December 464.95 703.21 0.40
1996 January 455.58 702.76 0.39
1996 February 454.50 702.34 0.39
1996 March 456.19 706.02 0.39
1996 April 461.71 711.64 0.39
1996 May 467.94 715.06 0.40
1996 June 471.73 724.85 0.39
1996 July 476.13 732.09 0.39
1996 August 482.05 741.04 0.39
1996 September 484.73 745.12 0.39
1996 October 488.97 746.14 0.40
1996 November 499.31 747.64 0.40
1996 December 524.42 749.46 0.41
1997 January 515.15 749.06 0.41
1997 February 510.42 746.22 0.41
1997 March 505.70 748.48 0.40
1997 April 507.88 757.29 0.40
1997 May 511.84 758.75 0.40
1997 June 513.92 764.12 0.40
1997 July 517.85 766.62 0.40
1997 August 523.86 773.65 0.40
1997 September 527.70 778.11 0.40
1997 October 531.08 782.33 0.40
1997 November 536.66 781.04 0.41
1997 December 555.53 788.63 0.41
1998 January 543.79 785.60 0.41
1998 February 537.95 783.58 0.41
1998 March 535.47 788.58 0.40
1998 April 557.30 793.75 0.41
1998 May 556.39 796.92 0.41
1998 June 559.89 807.85 0.41
1998 July 556.61 817.43 0.41
1998 August 563.82 825.14 0.41
1998 September 567.10 833.62 0.40
1998 October 570.77 837.77 0.41
1998 November 572.96 841.69 0.41
1998 December 597.66 843.61 0.41
1999 January 590.30 851.63 0.41
1999 February 585.03 855.13 0.41
1999 March 579.34 863.06 0.40
1999 April 583.39 865.42 0.40
1999 May 585.72 874.22 0.40
1999 June 593.01 878.57 0.40
1999 July 596.53 887.24 0.40
1999 August 602.02 902.09 0.40
1999 September 604.13 907.77 0.40
1999 October 606.25 913.14 0.40
1999 November 612.00 919.96 0.40
1999 December 627.47 926.15 0.40
2000 January 620.44 931.44 0.40
2000 February 617.09 932.24 0.40
2000 March 616.81 936.95 0.40
2000 April 624.00 940.21 0.40
2000 May 629.89 946.91 0.40
2000 June 636.95 964.82 0.40
2000 July 641.39 978.12 0.40
2000 August 653.53 996.34 0.40
2000 September 657.91 1,009.16 0.39
2000 October 665.62 1,020.17 0.39
2000 November 676.16 1,029.80 0.40
2000 December 702.25 1,039.02 0.40
2001 January 693.22 1,050.95 0.40
2001 February 696.92 1,050.06 0.40
2001 March 694.17 1,055.55 0.40
2001 April 703.65 1,062.27 0.40
2001 May 705.60 1,068.29 0.40
2001 June 709.03 1,075.22 0.40
2001 July 702.48 1,084.75 0.39
2001 August 705.01 1,100.48 0.39
2001 September 705.03 1,109.32 0.39
2001 October 704.29 1,128.21 0.38
2001 November 716.34 1,146.76 0.38
2001 December 735.09 1,156.73 0.39
2002 January 722.13 1,161.35 0.38
2002 February 713.97 1,166.37 0.38
2002 March 711.47 1,172.05 0.38
2002 April 720.83 1,174.86 0.38
2002 May 724.09 1,182.39 0.38
2002 June 729.22 1,188.43 0.38
2002 July 730.72 1,197.65 0.38
2002 August 738.59 1,208.19 0.38
2002 September 741.40 1,210.21 0.38
2002 October 746.98 1,213.58 0.38
2002 November 753.54 1,217.10 0.38
2002 December 772.12 1,224.88 0.39
2003 January 763.59 1,237.11 0.38
2003 February 758.17 1,234.11 0.38
2003 March 750.64 1,238.48 0.38
2003 April 755.41 1,248.79 0.38
2003 May 758.73 1,259.35 0.38
2003 June 759.33 1,262.60 0.38
2003 July 758.60 1,269.96 0.37
2003 August 764.27 1,284.83 0.37
2003 September 764.70 1,294.97 0.37
2003 October 764.54 1,305.14 0.37
2003 November 768.82 1,303.65 0.37
2003 December 790.39 1,312.54 0.38
2004 January 780.85 1,327.48 0.37
2004 February 772.08 1,322.29 0.37
2004 March 768.59 1,327.88 0.37
2004 April 769.32 1,331.68 0.37
2004 May 772.19 1,337.62 0.37
2004 June 774.31 1,340.23 0.37
2004 July 779.81 1,344.66 0.37
2004 August 784.74 1,359.78 0.37
2004 September 792.72 1,372.15 0.37
2004 October 795.56 1,386.01 0.36
2004 November 802.37 1,389.34 0.37
2004 December 824.42 1,395.70 0.37
2005 January 816.30 1,402.29 0.37
2005 February 803.68 1,406.63 0.36
2005 March 793.90 1,411.08 0.36
2005 April 802.90 1,415.49 0.36
2005 May 801.98 1,417.42 0.36
2005 June 807.87 1,424.52 0.36
2005 July 808.02 1,435.37 0.36
2005 August 816.02 1,453.96 0.36
2005 September 818.70 1,459.69 0.36
2005 October 819.62 1,462.42 0.36
2005 November 833.11 1,461.12 0.36
2005 December 856.68 1,463.87 0.37
2006 January 859.81 1,414.73 0.38
2006 February 850.56 1,403.44 0.37
2006 March 842.04 1,407.56 0.37
2006 April 849.69 1,412.56 0.37
2006 May 858.36 1,415.29 0.37
2006 June 859.87 1,400.60 0.38
2006 July 863.67 1,409.12 0.38
2006 August 875.83 1,431.15 0.38
2006 September 877.30 1,440.78 0.38
2006 October 878.71 1,434.31 0.38
2006 November 894.65 1,434.43 0.38
2006 December 924.89 1,436.91 0.39
2007 January 908.84 1,451.86 0.38
2007 February 898.90 1,445.07 0.38
2007 March 893.71 1,448.33 0.38
2007 April 899.69 1,451.96 0.38
2007 May 910.69 1,458.95 0.38
2007 June 917.56 1,461.41 0.38
2007 July 926.15 1,473.26 0.38
2007 August 942.10 1,497.09 0.39
2007 September 947.34 1,506.39 0.38
2007 October 952.52 1,508.37 0.39
2007 November 972.72 1,507.21 0.39
2007 December 1,002.91 1,503.38 0.40
2008 January 989.58 1,525.95 0.39
2008 February 980.62 1,520.06 0.39
2008 March 973.80 1,520.74 0.39
2008 April 979.30 1,524.87 0.39
2008 May 980.39 1,528.23 0.39
2008 June 984.37 1,527.91 0.39
2008 July 987.49 1,532.73 0.39
2008 August 991.38 1,542.07 0.39
2008 September 984.12 1,542.08 0.39
2008 October 986.19 1,535.03 0.39
2008 November 988.42 1,528.91 0.39
2008 December 1,005.24 1,520.68 0.40
2009 January 987.81 1,541.52 0.39
2009 February 962.82 1,527.01 0.39
2009 March 941.53 1,517.02 0.38
2009 April 939.44 1,513.35 0.38
2009 May 928.81 1,520.08 0.38
2009 June 928.49 1,508.89 0.38
2009 July 928.22 1,508.18 0.38
2009 August 924.35 1,521.98 0.38
2009 September 917.57 1,523.34 0.37
2009 October 908.19 1,519.22 0.37
2009 November 902.38 1,508.01 0.37
2009 December 917.19 1,502.97 0.38
2010 January 890.32 1,523.65 0.37
2010 February 867.33 1,507.01 0.37
2010 March 855.58 1,509.23 0.36
2010 April 853.43 1,507.00 0.36
2010 May 846.60 1,504.62 0.36
2010 June 842.42 1,505.08 0.36
2010 July 839.62 1,508.92 0.36
2010 August 838.99 1,532.06 0.36
2010 September 830.46 1,546.55 0.35
2010 October 823.02 1,556.59 0.35
2010 November 828.25 1,557.90 0.35
2010 December 840.70 1,681.53 0.36
2011 January 816.78 1,700.69 0.35
2011 February 799.07 1,700.00 0.34
2011 March 793.54 1,700.53 0.34
2011 April 791.69 1,708.61 0.34
2011 May 797.17 1,711.68 0.34
2011 June 802.05 1,716.54 0.34
2011 July 803.15 1,732.84 0.34
2011 August 809.11 1,741.94 0.34
2011 September 807.21 1,756.00 0.34
2011 October 806.20 1,757.48 0.34
2011 November 819.53 1,765.26 0.34
2011 December 842.46 1,773.19 0.34
2012 January 820.09 1,806.19 0.33

Note: Consumer credit excludes loans secured by real estate. Revolving debt consists of balances owed on credit cards and unsecured revolving lines of credit. Nonrevolving debt consists of student loans, automobile credit, and other non-real-estate debt. The shaded bar indicates the period of the Great Recession (December 2007 through June 2009) as defined by the National Bureau of Economic Research.

Source: Federal Reserve Board, Statistical Release G.19, "Consumer Credit."

Return to Figure

Figure 2. Average total bankcard balance outstanding, by credit score quartile, 2005-11

Year and quarter Credit score quartile1 Dollars
2005q4 Lowest 4,863.04
2006q4 Lowest 5,029.01
2007q4 Lowest 5,519.78
2008q4 Lowest 6,294.64
2009q4 Lowest 7,138.38
2010q4 Lowest 6,152.80
2011q4 Lowest 5,887.43
2005q4 Second 8,438.32
2006q4 Second 8,385.79
2007q4 Second 9,064.02
2008q4 Second 9,583.91
2009q4 Second 9,011.84
2010q4 Second 8,264.08
2011q4 Second 8,271.66
2005q4 Third 5,785.69
2006q4 Third 6,037.12
2007q4 Third 6,213.93
2008q4 Third 6,192.92
2009q4 Third 5,658.32
2010q4 Third 5,378.86
2011q4 Third 5,280.94
2005q4 Highest 2,049.44
2006q4 Highest 2,208.09
2007q4 Highest 2,339.67
2008q4 Highest 2,253.58
2009q4 Highest 2,246.31
2010q4 Highest 2,281.13
2011q4 Highest 2,241.99

1. Credit score quartiles are based on the credit score distribution at the end of the previous year.  Return to table

Source: FRBNY Consumer Credit Panel/Equifax.

Return to Figure

Figure 3. Credit card delinquency rate, 2000-11

Year Month Delinquency rate (percent)
2000 January 3.27
2000 February 3.19
2000 March 3.28
2000 April 3.13
2000 May 2.97
2000 June 2.99
2000 July 3.12
2000 August 3.03
2000 September 3.21
2000 October 3.48
2000 November 3.33
2000 December 3.34
2001 January 3.28
2001 February 3.20
2001 March 2.99
2001 April 3.94
2001 May 3.77
2001 June 3.93
2001 July 3.69
2001 August 3.75
2001 September 3.77
2001 October 3.80
2001 November 3.98
2001 December 3.88
2002 January 3.87
2002 February 4.00
2002 March 3.88
2002 April 4.05
2002 May 3.88
2002 June 3.91
2002 July 3.80
2002 August 3.92
2002 September 3.81
2002 October 4.15
2002 November 4.26
2002 December 4.07
2003 January 4.10
2003 February 4.13
2003 March 4.07
2003 April 4.19
2003 May 4.12
2003 June 4.04
2003 July 4.63
2003 August 4.70
2003 September 4.09
2003 October 4.32
2003 November 4.32
2003 December 4.43
2004 January 4.23
2004 February 4.41
2004 March 4.21
2004 April 4.07
2004 May 4.09
2004 June 4.28
2004 July 4.03
2004 August 4.11
2004 September 4.26
2004 October 4.17
2004 November 4.21
2004 December 4.20
2005 January 4.67
2005 February 4.80
2005 March 4.76
2005 April 4.80
2005 May 4.97
2005 June 4.81
2005 July 4.97
2005 August 4.95
2005 September 4.74
2005 October 4.74
2005 November 4.55
2005 December 4.27
2006 January 4.48
2006 February 4.53
2006 March 4.40
2006 April 4.32
2006 May 4.36
2006 June 4.41
2006 July 4.49
2006 August 4.60
2006 September 4.57
2006 October 4.59
2006 November 4.65
2006 December 4.56
2007 January 4.32
2007 February 4.29
2007 March 4.41
2007 April 4.33
2007 May 4.30
2007 June 4.39
2007 July 4.23
2007 August 4.19
2007 September 4.18
2007 October 4.22
2007 November 4.28
2007 December 4.38
2008 January 4.30
2008 February 4.27
2008 March 4.51
2008 April 4.58
2008 May 4.49
2008 June 4.54
2008 July 4.09
2008 August 4.20
2008 September 4.20
2008 October 4.16
2008 November 4.31
2008 December 4.52
2009 January 4.57
2009 February 4.59
2009 March 4.75
2009 April 5.05
2009 May 5.02
2009 June 5.01
2009 July 4.65
2009 August 4.77
2009 September 4.77
2009 October 4.63
2009 November 4.52
2009 December 4.39
2010 January 4.22
2010 February 4.09
2010 March 3.88
2010 April 3.87
2010 May 3.72
2010 June 3.62
2010 July 3.71
2010 August 3.71
2010 September 3.64
2010 October 3.47
2010 November 3.37
2010 December 3.28
2011 January 3.35
2011 February 3.43
2011 March 3.40
2011 April 3.23
2011 May 3.22
2011 June 3.22
2011 July 3.18
2011 August 3.21
2011 September 3.25
2011 October 3.22
2011 November 3.20
2011 December 3.17

Note: Loans 30 days or more past due at commercial banks. The shaded bar indicates the period of the Great Recession (December 2007 through June 2009) as defined by the National Bureau of Economic Research.

Source: American Bankers Association, Consumer Credit Delinquency Bulletin.

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Figure 4. Bankcard holders 60 days or more delinquent, by states grouped by the percentage change in their unemployment rate, 2007:Q4-2010:Q4

Year and quarter States, by percentage change in unemployment rate Percent
2007q4 National 12.89
2008q1 National 12.78
2008q2 National 12.94
2008q3 National 11.66
2008q4 National 12.13
2009q1 National 12.29
2009q2 National 11.71
2009q3 National 11.90
2009q4 National 11.94
2010q1 National 12.05
2010q2 National 11.75
2010q3 National 11.46
2010q4 National 12.72
2007q4 Largest increase 13.70
2008q1 Largest increase 13.64
2008q2 Largest increase 14.15
2008q3 Largest increase 12.92
2008q4 Largest increase 13.66
2009q1 Largest increase 14.02
2009q2 Largest increase 13.64
2009q3 Largest increase 13.90
2009q4 Largest increase 14.06
2010q1 Largest increase 14.24
2010q2 Largest increase 14.04
2010q3 Largest increase 13.74
2010q4 Largest increase 15.08
2007q4 Smallest increase 11.73
2008q1 Smallest increase 11.72
2008q2 Smallest increase 11.77
2008q3 Smallest increase 10.53
2008q4 Smallest increase 10.84
2009q1 Smallest increase 10.86
2009q2 Smallest increase 10.39
2009q3 Smallest increase 10.68
2009q4 Smallest increase 10.59
2010q1 Smallest increase 10.67
2010q2 Smallest increase 10.28
2010q3 Smallest increase 10.05
2010q4 Smallest increase 11.37

Note: States with the largest percentage increase in unemployment consist of Alabama, Arizona, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Utah, and Wyoming. States with the smallest percentage increase in unemployment consist of Alaska, Arkansas, Iowa, Kansas, Maine, Michigan, Minnesota, North Dakota, Ohio, and Vermont.

Source: FRBNY Consumer Credit Panel/Equifax

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Figure 5. Credit limits, by credit score quartile and selected periods, 2006-11

Quarter Credit score quartile Credit limit (dollars)
2006q4 Lowest 6,294
2006q4 Second 20,385
2006q4 Third 30,114
2006q4 Highest 30,256
2008q4 Lowest 7,756
2008q4 Second 22,069
2008q4 Third 33,232
2008q4 Highest 35,593
2011q4 Lowest 7,636
2011q4 Second 18,213
2011q4 Third 27,976
2011q4 HighestSource: 33,204

Source:. FRBNY Consumer Credit Panel/Equifax.  Return to table

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Figure 6. Number of general-purpose bankcard mail solicitations, 2005-11

Year Month Volume of mail solicitations (millions)
2005 January 497.02
2005 February 504.16
2005 March 515.22
2005 April 514.39
2005 May 543.55
2005 June 669.45
2005 July 587.78
2005 August 627.08
2005 September 647.59
2005 October 619.81
2005 November 573.34
2005 December 544.40
2006 January 561.75
2006 February 573.55
2006 March 595.30
2006 April 569.22
2006 May 589.34
2006 June 643.08
2006 July 588.48
2006 August 599.49
2006 September 600.60
2006 October 577.73
2006 November 571.75
2006 December 552.50
2007 January 607.41
2007 February 573.44
2007 March 484.64
2007 April 511.09
2007 May 535.29
2007 June 495.03
2007 July 549.57
2007 August 532.78
2007 September 479.71
2007 October 552.67
2007 November 481.40
2007 December 450.52
2008 January 475.71
2008 February 427.90
2008 March 451.19
2008 April 418.47
2008 May 431.14
2008 June 400.00
2008 July 362.03
2008 August 375.01
2008 September 345.29
2008 October 289.17
2008 November 237.90
2008 December 192.18
2009 January 137.95
2009 February 110.73
2009 March 127.19
2009 April 114.18
2009 May 109.59
2009 June 117.29
2009 July 105.66
2009 August 112.55
2009 September 111.55
2009 October 145.91
2009 November 178.40
2009 December 146.37
2010 January 205.15
2010 February 200.77
2010 March 181.14
2010 April 225.34
2010 May 244.11
2010 June 246.95
2010 July 258.20
2010 August 296.82
2010 September 274.94
2010 October 286.23
2010 November 290.31
2010 December 333.15
2011 January 308.62
2011 February 313.95
2011 March 346.09
2011 April 318.53
2011 May 353.69
2011 June 404.36
2011 July 390.03
2011 August 389.49
2011 September 352.32
2011 October 386.87
2011 November 383.02
2011 December 267.90

Source: Mintel Comperemedia.

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Figure 7. Share of bankcard mail solicitations, by credit score quartile, 2007-11

Year Month Credit score quartile
Lowest (percent) Second (percent) Third (percent) Highest (percent)
2005 January n.a. n.a. n.a. n.a.
2005 February n.a. n.a. n.a. n.a.
2005 March n.a. n.a. n.a. n.a.
2005 April n.a. n.a. n.a. n.a.
2005 May n.a. n.a. n.a. n.a.
2005 June n.a. n.a. n.a. n.a.
2005 July n.a. n.a. n.a. n.a.
2005 August n.a. n.a. n.a. n.a.
2005 September n.a. n.a. n.a. n.a.
2005 October n.a. n.a. n.a. n.a.
2005 November n.a. n.a. n.a. n.a.
2005 December n.a. n.a. n.a. n.a.
2006 January n.a. n.a. n.a. n.a.
2006 February n.a. n.a. n.a. n.a.
2006 March n.a. n.a. n.a. n.a.
2006 April n.a. n.a. n.a. n.a.
2006 May n.a. n.a. n.a. n.a.
2006 June n.a. n.a. n.a. n.a.
2006 July n.a. n.a. n.a. n.a.
2006 August n.a. n.a. n.a. n.a.
2006 September n.a. n.a. n.a. n.a.
2006 October n.a. n.a. n.a. n.a.
2006 November n.a. n.a. n.a. n.a.
2006 December n.a. n.a. n.a. n.a.
2007 January 10.40 29.60 28.33 31.67
2007 February 11.07 30.65 28.23 30.04
2007 March 11.02 31.78 28.18 29.01
2007 April 10.14 31.80 31.37 26.69
2007 May 9.96 32.27 29.87 27.91
2007 June 11.32 31.22 28.69 28.76
2007 July 8.96 32.19 29.99 28.85
2007 August 8.76 29.74 31.80 29.70
2007 September 7.18 31.35 29.47 32.00
2007 October 6.20 25.96 31.56 36.27
2007 November 5.39 24.65 35.11 34.85
2007 December 5.55 25.97 33.46 35.01
2008 January n.a. n.a. n.a. n.a.
2008 February n.a. n.a. n.a. n.a.
2008 March n.a. n.a. n.a. n.a.
2008 April n.a. n.a. n.a. n.a.
2008 May n.a. n.a. n.a. n.a.
2008 June n.a. n.a. n.a. n.a.
2008 July n.a. n.a. n.a. n.a.
2008 August n.a. n.a. n.a. n.a.
2008 September n.a. n.a. n.a. n.a.
2008 October n.a. n.a. n.a. n.a.
2008 November n.a. n.a. n.a. n.a.
2008 December n.a. n.a. n.a. n.a.
2009 January n.a. n.a. n.a. n.a.
2009 February n.a. n.a. n.a. n.a.
2009 March n.a. n.a. n.a. n.a.
2009 April n.a. n.a. n.a. n.a.
2009 May 5.37 18.76 31.37 44.50
2009 June 4.28 12.18 31.78 51.76
2009 July 3.69 11.17 27.29 57.85
2009 August 2.57 8.49 28.18 60.75
2009 September 3.11 9.04 30.22 57.63
2009 October 3.72 12.41 30.25 53.62
2009 November 3.11 12.92 30.86 53.11
2009 December 4.70 17.01 26.03 52.25
2010 January 3.02 12.57 27.10 57.31
2010 February 2.30 10.30 29.15 58.26
2010 March 2.22 14.85 27.33 55.60
2010 April 2.74 10.78 31.15 55.33
2010 May 2.15 10.06 31.58 56.21
2010 June 3.36 12.95 33.29 50.40
2010 July 2.27 12.76 32.19 52.79
2010 August 2.46 16.96 34.27 46.32
2010 September 3.15 17.48 38.01 41.36
2010 October 2.67 15.21 31.55 50.57
2010 November 3.33 16.00 34.57 46.09
2010 December 2.15 15.62 35.01 47.22
2011 January 1.93 14.12 34.51 49.44
2011 February 2.62 15.93 33.76 47.68
2011 March 2.32 15.09 33.00 49.59
2011 April 2.82 15.03 34.56 47.58
2011 May 3.34 16.93 30.75 48.98
2011 June 2.95 15.21 34.32 47.51
2011 July 3.07 16.15 33.09 47.69
2011 August 3.18 18.00 30.67 48.15
2011 September 4.05 15.83 33.40 46.72
2011 October 2.68 15.02 34.99 47.32
2011 November 3.66 18.41 32.29 45.64
2011 December 3.52 19.66 30.23 46.58

Note: Credit score data are available only for the periods shown.

n.a.Not available.

Source: Mintel Comperemedia; TransUnion LLC.

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Figure 8. Share of individuals in each credit score quartile receiving bankcard mail solicitations, 2007-11

Year Month Credit score quartile
All (percent) Lowest (percent) Second (percent) Third (percent) Highest (percent)
2007 January 59.91 50.00 68.12 66.50 54.49
2007 February 62.75 63.86 72.08 64.67 57.48
2007 March 61.49 57.28 71.54 63.37 56.81
2007 April 60.52 53.66 68.15 65.55 55.50
2007 May 62.83 60.97 71.18 65.71 57.30
2007 June 62.86 59.31 72.86 64.10 58.19
2007 July 62.66 55.00 67.99 65.72 59.87
2007 August 61.23 53.85 69.27 69.72 54.20
2007 September 60.51 51.93 70.36 64.68 55.93
2007 October 60.71 48.08 69.56 65.50 57.05
2007 November 58.98 46.06 63.74 63.99 56.45
2007 December 58.06 37.62 61.66 59.46 59.36
2008 January n.a. n.a. n.a. n.a. n.a.
2008 February n.a. n.a. n.a. n.a. n.a.
2008 March n.a. n.a. n.a. n.a. n.a.
2008 April n.a. n.a. n.a. n.a. n.a.
2008 May n.a. n.a. n.a. n.a. n.a.
2008 June n.a. n.a. n.a. n.a. n.a.
2008 July n.a. n.a. n.a. n.a. n.a.
2008 August n.a. n.a. n.a. n.a. n.a.
2008 September n.a. n.a. n.a. n.a. n.a.
2008 October n.a. n.a. n.a. n.a. n.a.
2008 November n.a. n.a. n.a. n.a. n.a.
2008 December n.a. n.a. n.a. n.a. n.a.
2009 January n.a. n.a. n.a. n.a. n.a.
2009 February n.a. n.a. n.a. n.a. n.a.
2009 March n.a. n.a. n.a. n.a. n.a.
2009 April n.a. n.a. n.a. n.a. n.a.
2009 May 51.95 50.00 54.32 58.42 47.66
2009 June 55.22 50.00 50.37 59.80 54.71
2009 July 47.44 40.40 35.54 48.17 50.96
2009 August 27.30 8.83 15.24 29.19 34.22
2009 September 29.46 10.96 18.88 31.19 35.92
2009 October 33.20 13.51 25.83 34.46 40.33
2009 November 37.44 16.93 26.01 39.40 44.64
2009 December 33.21 15.95 29.02 32.10 39.52
2010 January 42.73 15.56 26.73 44.92 57.55
2010 February 41.63 12.75 27.29 44.01 51.53
2010 March 36.98 10.75 28.96 39.35 44.69
2010 April 44.90 16.36 30.28 48.59 53.98
2010 May 44.81 15.90 30.34 47.93 55.23
2010 June 46.33 23.39 35.19 50.50 53.24
2010 July 46.62 18.56 38.43 50.14 52.99
2010 August 46.99 19.16 42.52 51.32 51.82
2010 September 45.19 23.51 43.14 51.71 45.97
2010 October 47.68 22.91 42.39 50.05 52.76
2010 November 45.02 23.27 38.98 49.54 49.02
2010 December 50.57 20.69 46.04 55.94 54.46
2011 January 49.85 18.50 43.40 55.67 55.33
2011 February 53.30 22.51 47.70 57.50 58.64
2011 March 50.92 20.18 43.23 53.64 58.27
2011 April 52.19 25.20 47.20 59.28 55.77
2011 May 54.36 32.01 47.60 57.74 59.13
2011 June 55.76 28.65 48.99 60.09 61.45
2011 July 56.85 32.35 47.91 62.14 62.97
2011 August 55.30 28.72 49.59 59.02 61.50
2011 September 55.87 34.17 48.46 60.61 61.34
2011 October 53.34 25.67 45.56 59.26 59.52
2011 November 53.91 27.34 47.66 58.01 61.09
2011 December 49.08 25.09 44.83 53.56 53.18

Note: Credit score data are available only for the periods shown.

n.a.Not available.

Source: Mintel Comperemedia; TransUnion LLC.

Return to Figure

Last update: January 7, 2014