Credit Card Update

Paul Mangione
Oct 5, 2023


Daily Rampart from Fort Schuyler Advisors

Credit Card Assets at Commercial Banks have increased 25% since the beginning of 2022 from $807 Billion to $1.02 Trillion just as Delinquency has accelerated.

Paul Mangione
 Fort Schuyler Advisors
 FRED Graph Observations 
 Federal Reserve Economic Data 
 Economic Research Division 
 Federal Reserve Bank of St. Louis 
 CCLACBW027SBOG Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks, Billions of U.S. Dollars, Weekly, Seasonally Adjusted
 DRCCLACBS Delinquency Rate on Credit Card Loans, All Commercial Banks, Percent, Quarterly, Seasonally Adjuste

Will delinquency cap out. Keep watching

#creditcard #credit #consumer #banks #bank #banking



Paul Mangione

Fort Schuyler Advisors, ex Apollo Management, MIT EECS BS/MS. Not investment advice or an offer to buy.