Jan Debt (3/9/2007)

FULL STORY:

Consumer revolving credit remained flat in January as Americans added less than $1 billion from the prior month. However, revolving consumer credit did set a new record of $879 billion in January, growing at an annual rate of 1.1%. Based on revised figures, revolving debt rose 1.9% in December and 13.8% in November. According to data released by the Federal Reserve, total revolving credit grew $800 million during January to $879.4 billion. Bank credit card debt (excluding store and gas credit cards) at the end of the fourth quarter was about $750 billion or roughly 85% of total revolving credit, according to CardData (www.carddata.com). At the end of January, Americans were $2411.4 billion in debt, excluding home mortgages.

                     REVOLVING CREDIT HISTORICAL ($billions)
                         Jan 07  Dec 06  Nov 06  Oct 06  Sep 06  Aug 06
               GRWTH:     1.1%    1.9    14.7     6.4     4.3     8.9
               $OWED:    $879.4  878.6   877.2   865.6   861.0   857.0
            Source: Federal Reserve; revised figures as of 3/7/07;
        For complete historical data, visit CardData (www.carddata.com)