The Federal Reserve announced that consumer credit rose $1 billion from March to April, a meaningless number because of its size. Total outstanding consumer credit for the month was $2.44 trillion. The figure has changed very little from the fourth quarter of last year.
CONSUMER CREDIT OUTSTANDING 1 Seasonally adjusted
| 2009 | 2010 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2005 | 2006 | 2007 | 2008 | 2009 | Q1 | Q2 | Q3 | Q4 r | Q1 r | Feb r | Mar r | Apr p | |
| Percent change at annual rate 2 | |||||||||||||
| Total | 4.5 | 4.1 | 5.7 | 1.5 | -4.4 | -3.9 | -4.8 | -3.1 | -6.1 | -1.6 | -3.8 | -2.7 | 0.5 |
| Revolving | 3.8 | 5.0 | 8.1 | 1.6 | -9.6 | -9.6 | -9.7 | -7.3 | -13.3 | -9.0 | -12.1 | -5.3 | -12.0 |
| Nonrevolving 3 | 4.9 | 3.6 | 4.4 | 1.5 | -1.3 | -0.5 | -1.9 | -0.6 | -2.1 | 2.5 | 0.7 | -1.2 | 7.1 |
| Amount: billions of dollars | |||||||||||||
| Total | 2291.7 | 2385.7 | 2522.8 | 2561.1 | 2448.8 | 2536.3 | 2506.1 | 2486.9 | 2448.8 | 2439.0 | 2444.4 | 2439.0 | 2440.0 |
| Revolving | 830.5 | 872.2 | 942.9 | 958.1 | 866.0 | 935.1 | 912.6 | 895.9 | 866.0 | 846.5 | 850.2 | 846.5 | 838.0 |
| Nonrevolving 3 | 1461.2 | 1513.5 | 1579.9 | 1602.9 | 1582.8 | 1601.1 | 1593.5 | 1591.0 | 1582.8 | 1592.5 | 1594.2 | 1592.5 | 1602.0 |
