Charge-Off Rate on Credit Card Loans, Banks Ranked 1st to 100th Largest in Size by Assets
CORCCT100S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.29
Year-over-Year Change
168.13%
Date Range
1/1/1985 - 1/1/2025
Summary
The Charge-Off Rate on Credit Card Loans for the top 100 banks by assets measures the percentage of credit card debt that banks have written off as uncollectible. This metric is a critical indicator of 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 banks remove credit card debt from their books due to non-payment, reflecting underlying economic stress and consumer ability to repay loans. Economists use this trend to assess credit market conditions, consumer financial strain, and potential economic downturns.
Methodology
The data is collected by the Federal Reserve through regulatory reporting, calculating the total value of charged-off credit card loans as a percentage of total credit card loans.
Historical Context
Policymakers and financial regulators use this metric to monitor banking system stability and potential systemic credit risks.
Key Facts
- Represents charge-offs for the largest 100 U.S. banks by total assets
- Indicates potential economic stress and consumer financial challenges
- Fluctuates with economic conditions and consumer credit performance
FAQs
Q: What does a rising charge-off rate indicate?
A: A rising charge-off rate suggests increasing financial stress among consumers and potentially worsening economic conditions.
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 do banks charge off credit card loans?
A: Banks charge off loans when they determine that the debt is unlikely to be collected, typically after 180 days of non-payment.
Q: How does this metric impact banking policy?
A: High charge-off rates can prompt banks to tighten lending standards and may influence regulatory approaches to credit markets.
Q: What are the limitations of this data?
A: The metric only covers the top 100 banks and may not fully represent smaller financial institutions or alternative lending platforms.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Credit Card Loans, Banks Ranked 1st to 100th Largest in Size by Assets [CORCCT100S], retrieved from FRED.
Last Checked: 8/1/2025