US consumer and commercial debt hit record highs but charge-off and delinquency rates remain at low levels

Here is the debt outstanding for all commercial banks in the US (all data as of March 31, 2018),

Total consumer credit including student loans $3.9 trillion (up from $2.6 trillion in 2008)
Total commercial and industrial loans $2.15 trillion (up from $1.5 trillion in 2008)
Commercial real estate loans $2.1 trillion (up from $1.6 trillion in 2008)
Mortgage Backed Securities $1.76 trillion (up from $800 billion in 2009)
Student loans $1.5 trillion (up from $500 billion in 2008)
Consumer credit cards and other revolving credit $775 billion (up from $400 billion in 2008)
Mortgage debt $1.32 trillion (down from $1.42 trillion in 2008)

Total Consumer Credit Outstanding:

US Total Consumer Outstanding, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Commercial and Industrial Loans Outstanding:

US Commercial and Industrial Loans, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Mortgage Debt Outstanding:

US Total Mortgage Outstanding, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Credit Card and Other Revolving Plans Debt Outstanding:

US Credit Card Outstanding, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Student Loans Outstanding:

US Student Loan Outstanding, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Commercial Real Estate Loans Outstanding:

US Commercial Real Estate Loans, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Mortgage Backed Securities:

US Mortgage Backed Securities, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

 

Charge-off Rates

Charge-off rates for any category of loan are defined as the flow of a bank’s net charge-offs (gross charge-offs minus recoveries) during a quarter divided by the average level of its loans outstanding over that quarter.

Charge-off rate for all products for all commercial banks in the US 0.52% (was 3.14% in Q4 2009)
Charge-off rate for real estate mortgages 0.03% (was 2.90% in Q4 2009)
Charge-off rate for consumer credit cards 3.63% (was 10.97% in Q2 2010)

Charge-off rate on All Loans:

US Charge Off rates all loans, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Charge-off rate on Credit Cards:

US Credit Card Charge Off Rates, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Delinquency Rates

The delinquency rate for any loan category is the ratio of the dollar amount of a bank’s delinquent loans in that category to the dollar amount of total loans outstanding in that category.

Delinquency rate for all products for all commercial banks in the US 1.82% (was 7.5% in Q2 2010)
Delinquency rate for real estate mortgages 2.30% (was 10.23% in Q1 2010)
Delinquency rate for consumer credit cards 2.56% (was 6.61% in Q1 2009)

Delinquency rate on All Loans:

US Deliquency rates all loans, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

Delinquency Rate on Credit Cards:

US Credit Card Delinquency Rates, All Commercial Banks
Source: Board of Governors of the Federal Reserve System (US)

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