Discussion Paper

Measuring U.S. credit card borrowing: an analysis of the G.19's estimate of consumer revolving credit


Abstract: This paper describes the Federal Reserve System?s monthly estimate of revolving consumer credit as published in the G.19 statistical release. It analyzes the source data, sampling methods, and calculations on which this estimate currently relies. In addition, it proposes a framework for analyzing the revolving credit statistic and suggests modifications to how the estimate is calculated and presented. The paper concludes that the revolving credit estimate is highly accurate and proposes that the System consider five modifications that would improve its usefulness to researchers.

Keywords: Credit cards; Debt; Consumer credit;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Consumer Finance Institute discussion papers

Publication Date: 2006

Number: 06-03