Osprey Flyer ? USA Consumer Credit Drops, Lending by ...

Federal Reserve Board: Consumer Credit (Not Seasonally Adjusted)

USA Consumer Credit?(Not Seasonally Adjusted) Total consumer credit?decreased?-0.70% and -$17.85 billion in February 2012 from the prior month?January?2012, and increased?+4.34% and +$104.70 billion from the prior year February 2011. Public sector credit, the U.S. Federal Government and Sallie Mae, has been supporting the total consumer credit increase via student loans, since September 2010. Private sector lending has been stagnant to decreasing, ?especially for Commercial Banks and Finance Companies, the largest traditional lenders.

USA Consumer Credit Holders (Not Seasonally Adjusted) As can be seen from the chart below, any and all significant credit growth has been fueled by the U.S. Government and Sallie Mae. Commercial?Banks and Finance Companies?were?the primary drivers of the February 2012 decrease in total consumer credit, representing -71% and -33% of the net decrease, respectively. Credit Unions (-10%) and NonFinancial?Business?(-6%) also decreased. Securitized Pools were the largest increase at +18%, followed by the U.S. Federal Government & Sallie Mae (+2%), and Savings Institutions (+1%).

USA Consumer Credit Components (Not Seasonally Adjusted) Below are the monthly charts for total consumer credit and the two components, revolving credit and nonrevolving credit.

[Editor's Note] Effective with the?September 2010 data, the law changed and the U.S. federal government?became the?primary lender to students. Previously, the U.S. federal government had been the guarantor of student loans and?private lenders provided the credit. A significant increase in?NonRevolving Credit?can be attributed to increased student loans by the government.

Consumer, Federal Reserve, USA

pacific standard time northern mariana islands summer time coolio daylight savings time 2012 ricky rubio day light savings time