U.S. CONSUMER CREDIT ROSE 536 MLN DLRS IN JAN
U.S. consumer instalment credit rose
a seasonally adjusted 536 mln dlrs in January after a revised
rise of 144 mln dlrs in December, the Federal Reserve Board
said.
    The annual rate of growth in January was 1.1 pct, up from
0.3 pct in December. Previously the Fed said consumer credit
rose 105 mln dlrs in December.
    Among the credit categories, auto credit fell in January to
1.02 billion dlrs from 2.06 billion dlrs in December, the Fed
said.
    Revolving credit in January fell by 366 mln dlrs after
rising by 552 mln dlrs in December.
    Mobile home credit was up by 130 mln dlrs after falling by
21 mln dlrs in December.
    The category referred to as "other," covering bank and credit
union loans, fell by 250 mln dlrs in January after declining by
2.44 billion dlrs in December, the Fed said.
    Before seasonal adjustment, consumer credit outstanding
totaled 580.37 billion dlrs at the end of January, compared
with 531.29 billion dlrs at the end of January, 1986.
 Reuter
