Total Consumer Credit Owned by Finance Companies
TOTALFC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
726,439.25
Year-over-Year Change
-0.75%
Date Range
1/1/1943 - 6/1/2025
Summary
Total Consumer Credit Owned by Finance Companies tracks the aggregate amount of consumer loans held by non-bank financial institutions. This metric provides critical insight into consumer borrowing patterns and the broader credit market's health.
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
Finance companies are specialized lenders that provide consumer loans outside traditional banking systems, including personal, auto, and equipment financing. Economists analyze this trend to understand consumer financial behavior, credit accessibility, and potential economic stress indicators.
Methodology
Data is collected through comprehensive surveys and reporting requirements from financial institutions, compiled and standardized by the Federal Reserve.
Historical Context
Policymakers and financial analysts use this metric to assess consumer lending trends, potential credit market risks, and overall economic liquidity.
Key Facts
- Finance companies provide alternative lending outside traditional bank networks
- Includes personal, auto, and equipment loans
- Reflects broader consumer financial health and borrowing capacity
FAQs
Q: What types of loans do finance companies typically offer?
A: Finance companies provide personal loans, auto financing, equipment loans, and specialized consumer credit products not typically offered by traditional banks.
Q: How does this metric differ from bank lending data?
A: Unlike bank lending, this metric focuses specifically on non-bank financial institutions and their consumer credit portfolios.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data monthly, providing a current snapshot of consumer credit trends.
Q: Why do economists consider this trend important?
A: This metric offers insights into consumer financial health, credit market dynamics, and potential economic stress or expansion signals.
Q: What are potential limitations of this data?
A: The metric may not capture all informal lending or emerging alternative credit platforms, potentially understating total consumer credit availability.
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Citation
U.S. Federal Reserve, Total Consumer Credit Owned by Finance Companies [TOTALFC], retrieved from FRED.
Last Checked: 8/1/2025