Variable Definitions

The total outstanding balance for all consumer credit card accounts among firms included in the reporting panel. Reported balances are as of the end of the current month's cycle.

The total count of all consumer credit card accounts among firms included in the reporting panel. Reported accounts are as of the end of the current month's cycle.

The total dollar amount of all consumer credit card commitments among firms included in the reporting panel. Reported commitments are as of the current month's cycle.

The 50th, 75th, and 90th percentile account balances among active credit card accounts. Active credit card accounts are defined as credit card accounts that are open and have had debit, credit, or balance activity in the last 12 months. Therefore, some credit card accounts that are defined as active will have a zero balance.

The 50th, 75th, and 90th percentile credit limits among credit card accounts. The current credit limit is the maximum available credit on the account.

The 10th, 25th, and 50th percentile credit scores among credit card accounts. The current credit score is the most recently determined commercially available credit score of the primary account holder. ¹

The 50th, 75th, and 90th percentile credit utilization rates among credit card accounts. The utilization rate represents the share of the available credit line that the borrower is utilizing. It is defined as the cycle ending balance divided by the current credit limit. Active credit card accounts are defined as credit card accounts that are open and have had debit, credit, or balance activity in the last 12 months. Therefore, some credit card accounts that are defined as active will still have zero utilization of the available credit line. Available credit lines of inactive accounts are not included.

The share of total credit card accounts in the quarter that experienced a bank-initiated or borrower-requested credit line increase or decrease. Note that the time series data for Credit Line Change begins in 2012Q4 because this was the first quarter when the data were of sufficient quality to begin reporting.

The share of all credit card accounts that are flagged as 30 or more, 60 or more, or 90 or more days past due.

The share of total credit card balances that are flagged as 30 or more, 60 or more, or 90 or more days past due.

The share of credit card accounts making the minimum payment, the share of credit card accounts making payment above the minimum payment and below the full balance, and the share of credit card accounts paying the full account balance. Payment behavior (Active Accounts Only) variables indicate the payment behavior of active credit card accounts in the final month of the quarter. When an account has a zero-cycle ending balance and zero payment, the prior month's payment behavior is used to properly classify the account. Accounts with a zero or negative cycle ending balance that made a nonzero payment are classified as paying the full account balance. Payment behavior shares do not sum to 100 percent because the following situations are not shown:  active accounts with a zero or negative cycle ending balance and zero payment in the current and previous months, active accounts with missing payment or cycle ending balance information, and active accounts that made no payment or a payment that was less than the minimum. Active credit card accounts are defined as credit card accounts that are open and have had debit, credit, or balance activity in the last 12 months.

The total revolved dollar balances as of quarter end for accounts that revolved all or some portion of their cycle ending balance. Revolving balances are calculated for these revolving accounts as the sum total of the prior cycle ending balances less actual payments made on the prior cycle ending balances.

The annualized net charge-off rate for all credit card accounts. Net charge-offs refer to the three-month sum of gross charge-offs, less recoveries. The annualized net charge-off rate is calculated as four times the total net charge-offs in the quarter divided by the three-month average for total outstanding credit card balances.

The average purchase (non-promotional) APR using the APR reported at quarter end, reported separately for active general purpose credit card accounts and active private label credit card accounts. Any reported values below 5 percent are assumed to be promotional APRs and are therefore excluded. Active credit card accounts are defined as credit card accounts that are open and have had debit, credit, or balance activity in the last 12 months.

The cumulative net purchase volume for credit card accounts during the quarter. Net purchase volume measures the aggregate dollar amount of purchases made during the current month’s cycle, less any returns. Cash advance and balance transfer volumes are excluded.

The average quarterly total purchase volume per active credit card account for three current credit score groups: less than 660; from 660 to 719; and greater than or equal to 720.¹ An account's purchase volume is the net sum for the three months within the quarter. Active credit card accounts are defined as credit card accounts that are open and have had debit, credit, or balance activity in the last 12 months.

The share of active credit card accounts that have a positive balance subject to a promotional APR. Promotional APRs are defined as APRs priced at a rate below the account holder’s normal purchase APR at the end of the most recent cycle. Active credit card accounts are defined as credit card accounts that are open and have had debit, credit, or balance activity in the last 12 months.

The total origination balances provided by new credit card accounts. Quarterly credit card originations represent the sum of origination balances in the given quarter. Dollar originations are calculated based on the new account’s original credit limit.

The total number of new credit card originations. This is the count of new accounts in the given quarter.

The 50th, 75th, and 90th percentile credit limits among credit cards originated in the observed quarter. The original credit limit is the available credit limit at the time of origination.

The 10th, 25th, and 50th percentile original credit scores among credit card originations. The original credit score is the commercially available credit score at origination for the primary account holder. ²

The average original purchase APR among credit card accounts originated in the observed quarter, reported separately for general purpose and private label accounts.

The median original credit limit among credit card accounts originated in the observed quarter, reported for three groups of borrowers based on their credit score at the time of origination: those with a credit score less than 660; those with a credit score from 660 to 719; and those with a credit score greater than or equal to 720.²

The percentage of new credit card accounts that were originated in the observed quarter for borrowers with a credit score less than 660 at the time of origination.

The percentage of new credit card commitments that were originated in the observed quarter for borrowers with a credit score less than 660 at the time of origination.

This is the total outstanding balance for first-lien closed-end loans secured by 1-4 family residential real estate. Includes both first-lien mortgages and first-lien home equity loans, for portfolio mortgages only. Reported balances are as of quarter end.

This is the total count of first lien mortgage loans among firms included in the reporting panel. Includes both first-lien mortgages and first-lien home equity loans, for portfolio mortgages only.

The 50th, 75th, and 90th percentile account balances among outstanding first lien mortgages.

The 10th, 25th, and 50th percentile credit scores among outstanding first liens. The current credit score is the most recently determined commercially available credit score of the primary borrower on the mortgage loan. ³

The 50th, 75th, and 90th percentile back-end debt-to-income ratios. The back-end DTI ratio is the percentage of a borrower's monthly income that would go toward all the borrower's debt obligations. The total monthly debt payments (including proposed housing expenses) are divided by the total monthly income of the borrower. Back-end DTI is reported at origination.

The 50th, 75th, and 90th percentile front-end debt-to-income ratios. The front-end DTI ratio is the percentage of a borrower's monthly income that would go toward housing expenses. The total housing liabilities of the borrower, including the monthly principal, interest, taxes, insurance, association dues, etc., are divided by the total monthly income of the borrower. Front-end DTI is reported at origination.

The 50th, 75th, and 90th percentile original loan-to-value ratios. The original LTV ratio is the original loan amount divided by the lesser of the selling price or the appraised value of the property securing the mortgage at origination. Only mortgage accounts with LTV values greater than 0 percent and less than 125 percent are included in the original LTV percentile calculations.

Share of first lien accounts 30 or more, 60 or more, and 90 or more days past due. All past due active mortgages are included in the days past due calculations, including foreclosures.⁴ Borrowers who qualify for forbearance and stop making payments are also recorded as past due for all past due rate calculations.⁵

Share of first lien balances 30 or more, 60 or more, and 90 or more days past due. All past due active mortgages are included in the days past due calculations, including foreclosures.⁴ Borrowers who qualify for forbearance and stop making payments are also recorded as past due for all past due rate calculations.⁵

The total outstanding balance of first-lien closed-end loans secured by 1–4 family residential real estate by four classifications of product types based on whether the interest rate is fixed or adjustable, and whether there is an interest-only payment period. This includes both first-lien mortgage and first-lien home equity loan balances held in portfolio as of quarter end.

The total outstanding balance for first-lien closed-end loans secured by 1–4 family residential real estate by occupancy type, distinguishing between whether the borrower occupies the residence as their primary residence, occupies it as a secondary residence, or does not occupy the residence and holds it as an investment. Includes both first-lien mortgage and first-lien home equity loan balances held in portfolio as of quarter end.

Share of first-lien accounts 60 or more and 90 or more days past due, reported separately for loans of a given occupancy type. All past due active mortgages are included in the days past due calculations, including foreclosures.⁴ Borrowers who qualify for forbearance and stop making payments are also recorded as past due for all past due rate calculations.⁵

Share of first-lien balances 60 or more and 90 or more days past due, reported separately for loans of a given occupancy type. All past due active mortgages are included in the days past due calculations, including foreclosures.⁴ Borrowers who qualify for forbearance and stop making payments are also recorded as past due for all past due rate calculations.⁵

The total outstanding balance for first-lien closed-end loans secured by 1–4 family residential real estate, reported separately for four categories of property type: single family; condo or co-op; 2–4 units; and townhouse or planned unit development. Includes both first-lien mortgage and first-lien home equity loan balances held in portfolio as of quarter end.

Share of first-lien accounts 60 or more and 90 or more days past due, reported separately for loans of a given property type. All past due active mortgages are included in the days past due calculations, including foreclosures.⁴ Borrowers who qualify for forbearance and stop making payments are also recorded as past due for all past due rate calculations. Days past due rates are presented using the number of accounts (accounts based).⁵

Share of first-lien balances 60 or more and 90 or more days past due, reported separately for loans of a given property type. All past due active mortgages are included in the days past due calculations, including foreclosures.⁴ Borrowers who qualify for forbearance and stop making payments are also recorded as past due for all past due rate calculations. Days past due rates are presented using dollars (balance based).⁵

The total balances carried by new first lien originations. Quarterly first lien originations represent the sum of origination balances in the given quarter.

The total number of new first lien originations. This is the count of new accounts in the given quarter

The 50th, 75th, and 90th percentile first lien loan sizes originated in the observed quarter.

The 10th, 25th, and 50th percentile credit scores among first lien originations. The original credit score is the credit score at origination for the borrower using a commercially available credit score.³

The 50th, 75th, and 90th percentile back-end debt-to-income ratios among first lien originations. The back-end DTI ratio is the percentage of a borrower's monthly income that would go toward all the borrower's debt obligations. The total monthly debt payments (including proposed housing expenses) are divided by the total monthly income of the borrower. Back-end DTI is reported at origination.

The 50th, 75th, and 90th percentile front-end debt-to-income ratios among first lien originations. The front-end DTI ratio is the percentage of a borrower's monthly income that would go toward housing expenses. The total housing liabilities of the borrower, including the monthly principal, interest, taxes, insurance, association dues, etc., are divided by the total monthly income of the borrower. Front-end DTI is reported at origination.

The 50th, 75th, and 90th percentile loan-to-value ratios among first lien originations. The original LTV ratio is the original loan amount divided by the lesser of the selling price or the appraised value of the property securing the mortgage at origination. Only mortgage accounts with LTV values greater than 0 percent and less than 125 percent are included in the original LTV percentile calculations.

The total balances of new first-lien originations by four classifications of product types based on whether the interest rate is fixed or adjustable, and whether there is an interest-only payment period. Quarterly first-lien originations represent the sum of origination balances in the given quarter.

The total balances of new first-lien loans originated, reported separately by origination purpose. Categories reported include a loan originated to purchase a property; a loan originated as a rate, term, or other refinance; and a loan originated as a cash-out refinance. Quarterly first-lien originations represent the sum of origination balances in the given quarter.

The average interest rate at origination for 30-year fixed rate mortgages, reported for three different groups based on credit score at origination: those with a credit score less than 680; those with a credit score greater than or equal to 680 and less than 740; and those with a credit score greater than or equal to 740. ³

The average interest rate at origination for 30-year fixed rate mortgages for three groups of borrowers segmented by loan-to-value (LTV) ratio at the time of origination.