DEFINITION of 'G.19 Report'

The G.19 report is a monthly statistical report from the U.S. Federal Reserve that shows outstanding credit extended to individuals for household, family and other personal expenditures. Also known as the Consumer Credit Report, the G.19 contains a wealth of information pertaining to U.S. consumer credit.


The G.19 is useful for two reasons:

  1. It provides valuable insights into consumer credit availability, which drives consumer spending accounting for 70% of the U.S. economy, and
  2. It is a timely report on current credit conditions, as it is published only five business days after the end of the month for which the data is being reported.

What the G.19 Report Includes

The G.19 includes information such as the annualized percent change in total credit, revolving credit and non-revolving credit, major holders of credit, and selected terms of credit, including interest rates and terms on new car loans and personal loans, as well as credit card plans at commercial banks.

The G.19 shows consumer credit in two major categories: revolving and non-revolving. Revolving credit plans may be unsecured or secured by collateral, and it allows a consumer to borrow up to a prearranged limit and repay the debt in one or more installments. Once part of the debt is repaid, the consumer can borrow additional funds up to the debt limit.

While most of the revolving credit measured in the G.19 is comprised of credit card loans, it also includes other types, such as overdraft plans.

Non-Revolving Credit

Non-revolving credit shown in the G.19 is closed-end credit, which may be secured or unsecured and is repaid on a set repayment schedule. Unlike revolving credit, the consumer cannot borrow additional funds with a non-revolving plan. Most non-revolving credit is comprised of consumer vehicle loans and education loans. This category also includes personal loans and recreational vehicle loans.

Since consumer credit is broadly defined as consumer loans not secured by real estate, the G.19 report does not include data on loans such as home equity loans or HELOCs (home equity lines of credit).

Increase in Credit Card Use

In January, 2018 the G.19 showed consumer credit card debt was at an all-time high, topping $1.02 trillion. While this may seem like a concern to some, economists say it's natural for consumers to take on more debt as unemployment decreases and wages and consumer confidence increases. Unfortunately for credit card companies, this increase in credit card use has also resulted in increased delinquency and charge-offs.

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