What is the 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 report 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, being published just over a month after the end of the month for which the data is being reported.

What the G.19 Report Includes

The G.19 report includes information such as the annualized percent change in total credit, revolving and non-revolving, and changes in major holders of credit, selected terms of credit -- including interest rates and terms on new car loans and personal loans, and credit card plans at commercial banks. It's presented as seasonally adjusted and not seasonally adjusted. The report includes benchmarks and indicator data as well. 

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).

Rising Credit Card Use

Recent G.19 reports show rising consumer credit card debt. Given falling unemployment, rising wages and higher consumer confidence, consumers are taking on more debt. Still, that could be unfortunate for credit card companies, as an increase in credit card use could result in increased delinquency and charge-offs