US DATA: American Bankers Assoc Q3 Consumer Credit Delinquencies
report earlier released composite ratio, which tracks delinquencies in
eight closed-end installment loan categories, at +1bp to 3.01%. Bank
card delinquencies were stable, after dropping significantly over the
last year, rising a mere two basis points to 3.64 percent of all
accounts which remains well below the 15-year average (3.92 percent).