US DATA: ABA Q1 delinqs: “Improving trends in consumer credit
delinquencies hit a soft patch as the economy slowed in the first
quarter of 2011 with five of eleven loan categories showing slightly
higher delinquencies, according to the American Bankers Association’s
Consumer Credit Delinquency Bulletin. Bank card delinquencies rose 12
basis points to 3.40 percent of all accounts compared to the previous
quarter, but remain well below the 15-year average (3.95 percent) and
below where they stood one year ago at 3.88 percent of all accounts.
(See Historical Fact Sheet.) The composite ratio, which tracks
delinquencies in eight closed-end installment loan categories, rose
three basis points to 2.71 percent of all accounts in the first quarter.
That compares to 2.98 percent in the first quarter of 2010.”