The Consumer Credit status report for August, 2007 was released by the Fed earlier this afternoon:
Actual: +$12,200,000,000 (+5.9%)
The above figures represent the seasonally adjusted, month-to-month change in total outstanding, installment-based consumer credit; includes car loans and credit cards, but does not include real estate-secured loans, like mortgages.
Total Outstanding Consumer Debt in August: $2,471,800,000,000
Click here to view the full Federal Reserve report.
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