American consumer wallets are opening again, but slowly. Driving by historically low credit card rates, Americans added nearly $4 billion to revolving credit, mostly credit card debt, during June. During June 2001, U.S. consumer credit increased by $1.3 billion for a 2.1% annual growth rate. The seesaw pattern over the past twelve months appears to validate the pattern of the recession. Consumer credit began to soften in June 2001 with little growth, or negative growth, until November. Following an unexpected November surge, the credit retreat resumed through March. Since the first of this year consumer credit has grown by $22.5 billion. According to figures released last week by the Federal Reserve, revolving consumer credit now stands at $714.9 billion. At the end of June, American consumers were $1.713 trillion in debt, exclusive of home mortgages.