Credit Card Update

Oct 5, 2023

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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
Link: https://fred.stlouisfed.org
Help: https://fredhelp.stlouisfed.org
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

Written by Paul Mangione

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

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