Charge-Off Rate on Credit Card Loans, Banks Not Among the 100 Largest in Size by Assets
CORCCOBS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.88
Year-over-Year Change
81.22%
Date Range
1/1/1985 - 1/1/2025
Summary
The Charge-Off Rate on Credit Card Loans for smaller banks measures the percentage of credit card debt written off as uncollectible. This metric provides critical insight into consumer financial health and banking sector credit risk.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the rate at which smaller banks are unable to collect credit card debt, reflecting broader economic stress and consumer repayment capabilities. Economists use this trend to assess credit market conditions and potential financial system vulnerabilities.
Methodology
The Federal Reserve calculates this rate by dividing the total value of charged-off credit card loans by the total outstanding credit card loans for banks not among the 100 largest in asset size.
Historical Context
Policymakers and financial regulators use this data to monitor credit market stability and potential systemic risks in the banking sector.
Key Facts
- Represents charge-off rates for smaller banks outside the top 100 by asset size
- Indicates potential financial stress in consumer credit markets
- Provides insight into loan performance and credit risk
FAQs
Q: What does a rising charge-off rate indicate?
A: A rising charge-off rate suggests increasing financial stress among consumers and potentially higher credit risk for banks.
Q: How often is this data updated?
A: The Federal Reserve typically updates this data quarterly, providing a current snapshot of credit card loan performance.
Q: Why focus on banks not among the 100 largest?
A: This metric offers insights into smaller regional and community banks' credit performance, which can differ from larger national institutions.
Q: How do charge-off rates impact lending practices?
A: Higher charge-off rates may lead banks to tighten lending standards, reduce credit limits, or increase interest rates to mitigate risk.
Q: What are the limitations of this indicator?
A: The data only covers smaller banks and may not fully represent the entire banking sector's credit card loan performance.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Credit Card Loans, Banks Not Among the 100 Largest in Size by Assets [CORCCOBS], retrieved from FRED.
Last Checked: 8/1/2025