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Revolving Consumer Credit Declines in April 2010

The Federal Reserve has published its latest G.19 report on Consumer Credit - reporting that while overall consumer credit increased at an annual rate 0.5% in April, revolving consumer credit declined at an annual rate of 12% in the month. Revolving debt outstanding at the end of April 2010 was $838 billion - down over $160 billion from the same month in 2009.

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