Charge-Off Rate on Other Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets
COROCLT100S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
180.95%
Date Range
1/1/1985 - 1/1/2025
Summary
The Charge-Off Rate on Other Consumer Loans tracks the percentage of consumer loan balances that banks write off as uncollectible for the 100 largest U.S. banks by asset size. 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 measures the rate at which banks remove consumer loan debts 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 defaulted loans divided by total outstanding loan balances.
Historical Context
Policymakers and financial regulators use this metric to monitor consumer credit conditions and potential systemic financial risks.
Key Facts
- Represents charge-off rates for the largest 100 U.S. banks
- Indicates consumer loan default trends
- Provides early warning signals for economic stress
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 default risks in the banking sector.
Q: How often is this data updated?
A: The Federal Reserve typically updates this data quarterly, providing a current snapshot of consumer loan performance.
Q: Why do banks write off consumer loans?
A: Banks write off loans when they determine that the debt is unlikely to be collected, typically after a prolonged period of non-payment.
Q: How do charge-off rates impact economic policy?
A: High charge-off rates can prompt regulators to implement stricter lending standards or monetary policies to mitigate financial risks.
Q: What types of loans are included in this metric?
A: The metric covers various consumer loans excluding mortgages, such as personal loans, credit card debt, and auto loans.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Other Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets [COROCLT100S], retrieved from FRED.
Last Checked: 8/1/2025