US DATA: American Bankers Association composite ratio, which tracks
delinquencies in eight closed-end installment loan categories, fell 11
basis points to 2.24% of all accounts in the second quarter, below the
15-year average of 2.40%. Bank card delinquencies dropped below three
percent of accounts for the first time since 2001, falling 15 basis
points to 2.93%. More on MNI Main Wire.