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: July 5, 2023

The first quarter of 2023 showed a sharp contrast between the credit card and first-lien mortgage portfolios. Credit card originations on a dollar basis surged to all-time highs at the start of 2023, with the median origination credit limit rising sharply. In contrast, first-lien mortgage originations dropped to a new series low as 30-year fixed mortgage rates remained near their highest level in the past 15 years.

Mortgage delinquency rates remained historically low in the first quarter, the result of improved credit quality among borrowers relative to the prepandemic years, as evidenced by a higher median credit score and a lower median loan-to-value ratio for the portfolio as a whole. Large banks are maintaining their mortgage credit quality standards, with the median credit score at origination holding relatively stable over the past five quarters.

Conversely, the 30+ days past due credit card delinquency rate rose for the third consecutive quarter, continuing the trend back toward prepandemic levels. Card origination credit scores are up across all percentile bands, indicating potential tightening by large bank lenders, as evidenced in the April Senior Loan Officer Opinion Survey.

Read the full report.

First Quarter 2023

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