U.S. FEB CONSUMER CREDIT ROSE 1.77 BILLION DLRS
U.S. consumer instalment credit rose
a seasonally adjusted 1.77 billion dlrs in February after a
revised rise of 789 mln dlrs in January, the Federal Reserve
Board said.
    The annual rate of growth in February was 3.7 pct, up from
1.6 pct in January. Previously the Fed said consumer credit
rose 536 mln dlrs in January.
    Among the credit categories, auto credit rose in February
by 717 mln dlrs after increasing 416 mln dlrs in January, the
Fed said.
    Revolving credit in February rose 1.04 billion dlrs after
falling by 23 mln dlrs in January.
    Mobile home credit was down by 59 mln dlrs in February
after rising 141 mln dlrs in January.
    The category referred to as "other," covering bank and credit
union loans, increased by 74 mln dlrs in February after rising
by 255 mln dlrs in January, the Fed said.
    Before seasonal adjustment, consumer credit outstanding
totaled 576.05 billion dlrs at the end of February, compared
with 530.41 billion dlrs at the end of February, 1986.
 Reuter
