Consumer credit increased by $15.2 billion in February to $3.792 trillion, the Federal Reserve reported Friday.

In January, consumer credit rose a revised $10.9 billion to $3.777 trillion, first reported as a $8.8 billion gain to $3.774 trillion.

Economists polled by Thomson Reuters predicted a $14.45 billion increase in the month.

Revolving credit outstanding in February rose to $1 trillion from $997.4 billion the previous month.

Non-revolving credit rose to $2.792 trillion from $2.779 trillion.


Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.