Charge-Off Rate on Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets
CORCT100S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.04
Year-over-Year Change
213.40%
Date Range
1/1/1985 - 1/1/2025
Summary
The Charge-Off Rate on Consumer Loans for the top 100 banks by assets measures the percentage of consumer loan balances that banks have written off as uncollectible. This metric provides critical insight into consumer credit health and potential economic stress.
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 consumer loan debt from their books due to non-payment, reflecting underlying consumer financial challenges. Economists use this trend to assess credit risk, consumer financial stability, and potential economic downturns.
Methodology
The data is collected by aggregating charge-off rates from the 100 largest U.S. banks, calculated as the total value of charged-off loans divided by total outstanding consumer loan balances.
Historical Context
Policymakers and financial regulators use this metric to monitor credit market conditions and potential systemic risks in consumer lending.
Key Facts
- Represents charge-off rates for the largest 100 U.S. banks
- Indicates potential consumer financial stress
- Important predictor of economic conditions
FAQs
Q: What does a charge-off rate indicate?
A: A charge-off rate shows the percentage of consumer loans that banks have determined are unlikely to be collected. Higher rates suggest increased financial stress among borrowers.
Q: How do charge-off rates impact the economy?
A: Rising charge-off rates can signal potential economic challenges, reduced consumer spending power, and increased credit market risk.
Q: How is this data collected?
A: The Federal Reserve collects this data directly from the 100 largest U.S. banks, aggregating their consumer loan charge-off information.
Q: Why do banks write off consumer loans?
A: Banks write off loans when they determine that the debt is unlikely to be collected after extensive collection efforts, typically after 180 days of non-payment.
Q: How often is this data updated?
A: The charge-off rate is typically updated quarterly, providing a regular snapshot of consumer loan performance across major U.S. banks.
Related News
Gen Z In the U.S. Shifts From Spending To Saving Habits
How Gen Z's Shift from Spending to Saving is Impacting the US Economy Recent trends indicate a significant shift in the spending habits of Gen Z, w...
S&P 500 Rises With Optimistic U.S. Inflation Report
S&P 500 Soars: Positive U.S. Inflation Developments The S&P 500, a primary stock index that tracks the performance of 500 major U.S. companies, has...
U.S. Stock Market Rises Amid PCE Inflation Report Analysis
U.S. Stock Market Climbs Amidst Insights from PCE Inflation Report Investors in the U.S. stock market are focusing on the most recent PCE Inflation...
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highl...
U.S. Stock Market Futures Rise On Inflation and Tariff News
US Stock Market Futures Rise Amid Inflation Data and Tariff News US stock market futures are on the rise, driven by significant updates in inflatio...
U.S. Treasury Yields Decline After Inflation Data Meet Expectations
US Treasury Yields Drop as Inflation Data Meets Expectations US Treasury yields have seen a noticeable decline recently, as the latest inflation da...
Related Trends
Asset Quality Measures, Net Charge-Offs on All Loans and Leases, To Consumers, Other, Banks Ranked 1st to 100th Largest in Size by Assets
NCOALLCOT100B
Asset Quality Measures, Net Charge-Offs on All Loans and Leases, To Finance Agricultural Production, All Commercial Banks
NCOALLAGACB
Asset Quality Measures, Net Charge-Offs on All Loans and Leases, To Consumers, Credit Cards, Banks Ranked 1st to 100th Largest in Size by Assets
NCOALLCCT100B
Asset Quality Measures, Net Charge-Offs on All Loans and Leases, Banks Not Among the 100 Largest in Size by Assets
NCOALLOB
Charge-Off Rate on Single Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks
CORSFRMACBS
Charge-Off Rate on Commercial Real Estate Loans (Excluding Farmland), Booked in Domestic Offices, All Commercial Banks
CORCREXFACBS
Citation
U.S. Federal Reserve, Charge-Off Rate on Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets [CORCT100S], retrieved from FRED.
Last Checked: 8/1/2025