Consumer Payment Card News

Jan Debt

Driven by robust holiday sales, revolving consumer credit debt picked-up in January as Americans added $1.8 billion from the prior month. On an annual basis, revolving consumer credit, mostly credit card debt, grew by a rate of 2.6%. According to data released yesterday by the Federal Reserve, total revolving credit stood at $804.0 billion at the end of January, compared to a revised $802.2 billion for December and a revised $802.8 billion for November. The revised annual rate of growth for December was -0.9%, and 1.6% for November. Bank credit card debt (excluding store and gas credit cards) at the end of the fourth quarter was $710.9 billion or roughly 88% of total revolving credit, according to CardData (www.carddata.com). At the end of January, Americans were $2162.4 billion in debt, excluding home mortgages.

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|_7. REVOLVING CREDIT HISTORICAL ($billions) |
|_. | Jan 06 | Dec 05| Nov 05 | Oct 05| Sep 05 | Aug 05 |
|_. GRWTH: | 2.6 | -0.9% | 1.6 | -1.5 | 6.6 | 7.0 |
|_. $OWED: | $804.0 | 802.2 | 802.8 | 801.4 | 802.4 | 795.2 |
|_7. Source: Federal Reserve; revised figures as of 3/7/06; |
|_7. For complete historical data, visit CardData (www.carddata.com) |

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