Fed Reports First Quarter 2009 Consumer Credit Results
The Federal Reserve has published its G.19 Consumer Credit report for the first quarter 2009. Consumer credit decreased at an annual rate of 2 percent in the first quarter. Revolving credit decreased at an annual rate of 6-1/2 percent, and nonrevolving credit increased at an annual rate of 1 percent. In March, consumer credit decreased at an annual rate of 5-1/4 percent with revolving credit declining 6.8 percent.
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