Description:
Total amount of credit extended to consumers that remains unpaid.
Source:
Methodological Notes:
The Federal Reserve Board releases estimates of outstanding credit each month. Estimates include both revolving and non-revolving credit, pertaining to the following categories: commercial banks, finance companies, credit unions, federal government and student loans, savings institutions, nonfinancial businesses, and pools of securitized assets. Values are adjusted for inflation using the Consumer Price Index for All Urban Consumers Research Series (CPI-U-RS).