» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 39 | NO. 19 | Friday, May 8, 2015

US consumer borrowing expanded $20.5 billion in March

Print | Front Page | Email this story

WASHINGTON (AP) — Consumers increased their borrowing in March by the largest amount in nearly a year as borrowing on credit cards rebounded following two months of declines.

The Federal Reserve reports that consumer borrowing expanded by $20.5 billion in March to a fresh record of $3.36 trillion. It was the largest increase since a $26.7 billion surge in April 2014.

Borrowing in the category that covers credit cards shot up $4.4 trillion in March after having fallen in both January and March. It was the biggest gain for consumer credit since last July.

Borrowing in the category that covers auto and student loans rose $16.2 billion after an even stronger $17.2 billion gain in February.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0