Large Bank Credit Card and Mortgage Data

The Large Bank Consumer Credit Data are based on FR Y-14M credit card and mortgage data provided by the largest financial institutions in the United States.

The respondent panel comprises U.S. bank holding companies, U.S. intermediate holding companies of foreign banking organizations, and covered savings and loan holding companies with $100 billion or more in total consolidated assets. These institutions are required to report credit card or first-lien mortgage data if portfolio balances exceed $5 billion or are material relative to Tier 1 capital. Firms with over $100 billion in total consolidated assets that do not meet these thresholds may also voluntarily provide FR Y-14M data. The reporting provides users with aggregate data on credit card and first-lien mortgages including portfolio composition, credit performance, origination activities, credit card payment behavior, and credit card line utilization. This publication will be released on a quarterly frequency.

Latest Release

Last updated: January 12, 2023

Large bank credit card volume shows strong demand from consumers in the third quarter of 2022, ahead of fourth quarter holiday spending. Originations on a dollar basis are higher than any period within the reported time series, with corresponding increases in credit limits. Credit card balances demonstrated significant growth, as new accounts, utilization rates, and revolving balances continue to trend higher and return to historical norms.

Elevated mortgage rates and historically high home prices have combined to quell mortgage demand. Despite the first quarterly decrease in the national Case-Shiller Home Price Index since 2012, large bank mortgage originations fell precipitously in the third quarter of 2022, reaching their lowest volume since the first quarter of 2019. The number of new accounts on large bank ledgers fell to its lowest level on record. Median origination loan size, loan-to-value (LTV), and front-end debt-to-income (DTI) ratios have risen 27 percent, 10 percentage points, and 4 percentage points year-over-year (YOY), respectively, further underscoring the affordability issues that many borrowers are struggling with in an inflationary environment. Read the full report.

Third Quarter 2022

Credit Card Balances Credit Card Originations First-Lien Mortgage Balances First-Lien Mortgage Originations
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