Revolving Consumer Credit Owned by Finance Companies, Level
DTCOLRHFNM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,022.89
Year-over-Year Change
-10.87%
Date Range
12/1/1984 - 5/1/2025
Summary
This economic indicator tracks the level of revolving consumer credit owned by finance companies in the United States. It provides insight into household borrowing and consumption patterns.
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
Revolving consumer credit owned by finance companies measures the total outstanding balance of credit card and other revolving debt held by finance companies, rather than banks or other lenders. This metric offers a perspective on consumer borrowing and spending trends that can inform economic analysis and policymaking.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This indicator is used by economists, policymakers, and market analysts to monitor consumer credit conditions and their potential impact on the broader economy.
Key Facts
- Revolving credit owned by finance companies totaled $315 billion as of the latest data.
- This indicator has shown steady growth over the past decade, reflecting increased consumer borrowing.
- Finance companies account for a significant share of the overall revolving consumer credit market.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total level of revolving consumer credit, such as credit card balances, that is owned by finance companies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household borrowing and consumption patterns, which are crucial for understanding the broader state of the economy and consumer finances.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess consumer credit conditions and their potential impact on the economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around 6-8 weeks.
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Citation
U.S. Federal Reserve, Revolving Consumer Credit Owned by Finance Companies, Level (DTCOLRHFNM), retrieved from FRED.