Consumer Credits

Total Consumer Credit Owned and Securitized (TOTALNS)

Total Consumer Credit Owned and Securitized (TOTALNS) is a comprehensive measure of the total outstanding consumer credit in the United States, as tracked by the Federal Reserve. This figure includes both:

• Credit owned by lenders (such as banks, credit unions, finance companies, and other institutions)

• Credit that has been securitized, meaning bundled into pools and sold to investors as securities.

• What Is Included? TOTALNS covers various types of consumer credit, such as: Revolving credit (primarily credit cards) Nonrevolving credit (including auto loans, student loans, and other installment loans) It does not include loans secured by real estate (like mortgages).

Securitization Explained: Securitization is a process where financial institutions bundle consumer loans (like credit card balances or auto loans) and sell them as securities to investors. This allows lenders to remove these loans from their balance sheets and free up capital to issue more loans. Investors who buy these securities receive payments as borrowers repay their loans.

Interest Rate on New Autos 60 Month Loan (RIFLPBCIANM60NM)

This consumer indicator can be regarded as a consumer sentiment indicator because it reflects both consumer confidence and the economic environment influencing major purchasing decisions.

1. Consumer Willingness to Take on Debt

• A new car is a major purchase, often second only to a home.
• When consumers are confident about their job stability, income, and the economy, they are more likely to commit to a long-term loan.
• A rise in loan applications or acceptance of higher rates may signal optimism about future personal finances.

2. Interest Rate Sensitivity

• If financing rates increase but car purchases remain steady or increase, it suggests strong consumer confidence—people feel secure enough to absorb higher costs.
• Conversely, if loan rates rise and car purchases drop, it could indicate weakened sentiment or caution about future economic conditions.

3. Credit Conditions and Lending Standards

• A low financing rate generally signals looser credit conditions, which typically occur when lenders believe borrowers are less risky—often during times of economic strength.
• Higher rates may reflect tighter lending or increased economic uncertainty.

4. Reflections of Broader Economic Trends

• The 60-month auto loan rate is influenced by Federal Reserve policy, inflation expectations, and risk in the credit markets.
• Consumers’ responses to these rates—whether they continue to borrow or delay large purchases—can signal shifts in consumer trust in economic stability.

Total Loan _ Motor Vehicle Loans Owned and Securitized (MVLOAS)

The Motor Vehicle Loans Owned and Securitized (MVLOAS) series was a quarterly economic indicator published by the Federal Reserve as part of its G.19 Consumer Credit release. It measured the total outstanding balances of motor vehicle loans in the United States, encompassing both loans retained by lenders and those bundled into asset-backed securities (ABS) and sold to investors.

Revolving Consumer Credit Owned and Securitized (REVOLNS)

Revolving Consumer Credit Owned and Securitized (REVOLNS) is a key monthly economic indicator published by the Federal Reserve as part of its G.19 Consumer Credit report. It measures the total outstanding amount of revolving consumer credit in the United States, including loans that are:

Owned by financial institutions (like banks, credit unions, and finance companies), and

Securitized, meaning they have been bundled into asset-backed securities (ABS) and sold to investors.

REVOLNS is closely watched by economists and policymakers because it can signal:

Consumer sentiment – willingness to take on debt reflects optimism or concern about financial stability

Economic growth or stress – more borrowing often supports higher consumer spending, a major component of GDP

Credit market trends – helps assess the health of credit availability and financial institutions’ risk exposure

Student Loans Owned and Securitized (SLOAS)

Student Loans Owned and Securitized (SLOAS) is a U.S. economic indicator that measures the total outstanding amount of student loan debt held by consumers, including both:

Loans owned by financial institutions or the federal government (mainly through the U.S. Department of Education), and

Loans securitized and sold to investors in the form of asset-backed securities (ABS).

This series is part of the Federal Reserve’s G.19 Consumer Credit statistical release and is published quarterly (formerly monthly under a different series)

SLOAS is a key metric for understanding the scale and impact of student debt on the U.S. economy:

• Consumer Debt Load

Student loans are the second-largest category of consumer debt after mortgages in the U.S.

High balances can delay milestones like buying a home, starting a business, or saving for retirement.

• Fiscal Policy and Reform

As policymakers debate loan forgiveness, interest rates, or payment plans, SLOAS provides an evidence base.

It’s used to measure the potential impact of policy changes on federal budgets and consumer behavior.

• Consumer Spending

Heavier student loan burdens can constrain discretionary spending, slowing broader economic growth.

Households: Owners’ Equity in Real Estate, Level (OEHRENWBSHNO)

Households’ Owners’ Equity in Real Estate, Level (OEHRENWBSHNO) is a key economic indicator that measures the total value of real estate owned by households in the United States, minus the outstanding mortgage debt on those properties. This figure is published by the Federal Reserve and is part of its Flow of Funds Accounts. It reflects the net worth of households in real estate, providing insights into the financial health of American families and the overall housing market. * Why It Matters

1. Wealth Indicator: OEHRENWBSHNO is a crucial measure of household wealth, as real estate is often the largest asset for families. A rise in this figure indicates increasing home values or reduced mortgage debt, enhancing household net worth.

2. Economic Health: A growing equity level suggests a robust housing market, which can stimulate consumer spending and economic growth. Conversely, declining equity may signal economic stress or falling home prices.

3. Consumer Confidence: Higher equity levels can boost consumer confidence, leading to increased spending on goods and services, as homeowners feel wealthier and more secure in their financial situation.

4. Policy Implications: Policymakers and economists use this data to assess the impact of housing policies, interest rates, and economic conditions on household wealth and spending behavior.

5. Housing Market Trends: OEHRENWBSHNO can indicate trends in the housing market, such as rising or falling home prices, changes in mortgage debt levels, and shifts in consumer behavior regarding homeownership and investment in real estate.