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New York Fed
@NewYorkFed
, 13 tweets, 7 min read Read on Twitter
JUST RELEASED: Total household debt grew by $124 billion over the first quarter of 2019, boosted by increases in mortgage, auto, and student loan balances. nyfed.org/2W2kgpI #HHDC
Aggregate household debt balances ticked up in the first quarter of 2019 for the 19th consecutive quarter, and are now $993 billion (7.8%) higher than the previous (2008Q3) peak of $12.68 trillion. #HHDC
As of March 31, 2019, total household indebtedness was $13.67 trillion, a $124 billion (0.9%) increase from the fourth quarter of 2018. Overall household debt is now 22.5% above the 2013Q2 trough. #HHDC
There was $344 billion in newly originated mortgage debt in 2019Q1. #HHDC
Mortgage balances shown on consumer credit reports on March 31 stood at $9.2 trillion, a $120 billion increase from 2018Q4. #HHDC
Balances on home equity lines of credit (HELOC) declined modestly, by $6 billion, continuing their declining trend from 2009. HELOC balances are now at $406 billion. #HHDC
Non-housing balances increased by $10 billion in the first quarter, with a small
increase in auto loan balances ($6 billion), a $29 billion increase in student loan balances, offset by a $22 billion decline in credit card balances. #HHDC
New extensions of credit for mortgage and auto loans slowed in the first quarter. #HHDC
Mortgage originations, which we measure as appearances of new mortgage balances on consumer credit reports and which include refinanced mortgages, were at $344 billion, a notable decline from the volume seen in 2018Q4 and the lowest quarterly volume observed since 2014Q3. #HHDC
There were $139 billion in newly originated auto loans in the first quarter of 2019, a modest decline from the fourth quarter but higher than the volume observed in 2018Q1. #HHDC
Outstanding student loan debt stood at $1.49 trillion in the first quarter, up $29 billion from 2018Q4. #HHDC
10.9% of aggregate student debt was 90+ days delinquent or in default in 2019Q1. The transition rate into 90+ delinquency was 9.4%. Student loan delinquency transition rates remain at high levels relative to other types of debt. #HHDC
Download the full report: nyfed.org/2YuMV4p #HHDC
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New York Fed
@NewYorkFed
JUST RELEASED: Activity in the #2ndDistrict's service sector expanded modestly, according to firms responding to the Federal Reserve Bank of New York’s November 2018 Business Leaders Survey: nyfed.org/BLS #businessleaderssurvey
The headline business activity index held steady at 8.6. #businessleaderssurvey
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New York Fed
@NewYorkFed
You might remember that we love charts. Seriously, we get a little excited about charts. #NYFedstats

twitter.com/i/moments/9895…
Well, we can't make charts without statistics. And while #WorldStatisticsDay doesn’t occur again until October 20, 2020, we decided to celebrate this October 20! Because that’s how much we love statistics! Join us? #NYFedstats
First, let us nerd out by defining a few choice statistics related terms. #NYFedstats
Read 19 tweets
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New York Fed
@NewYorkFed
NEW RELEASE: U.S. Economy in a Snapshot, August 2018 → nyfed.org/usEconomySnaps… #EconomySnapshot
Real consumer spending increased in June at a pace similar to that in May, as real spending rose robustly in Q2. The rise in spending for June was led by services and durable goods expenditures. #EconomySnapshot
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