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

Mark Furletti and Christopher Ody

No 06-03, Payment Cards Center Discussion Paper from Federal Reserve Bank of Philadelphia

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: Consumer credit; Credit cards; Debt (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-fmk and nep-mac
Date: 2006
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