Credit card delinquencies, based on total dollars outstanding, dipped to its lowest level in more than ten years for a third quarter period. Sequentially, delinquent dollars rose a modest 14 basis points while the number of past-due credit card accounts edged down slightly by seven basis points from the record set in the second quarter. Based on total dollars outstanding, credit card delinquencies remained below 4.00% during 2005 for the first time since 2000. However, based on the number of past-due credit card accounts, delinquency has been hovering at record levels for all three quarters. According to the American Bankers Association’s “Consumer Credit Delinquency Bulletin,” delinquencies based on total dollars outstanding for 3Q/05 were 3.74%, compared to 4.60% in the second quarter and 4.36% for 3Q/04. Based on the number of accounts past-due, the figures were 4.74% for 3Q/05, 4.81% for 2Q/05, and 4.26% one-year ago. The ABA noted that the rise in the number of delinquent accounts is likely linked to rate increases by the Federal Reserve and high gas prices.