US DATA: Q1 NY Fed HH Debt & Credit report: ” Aggregate consumer
debt fell slightly in the first quarter. As of March 31, 2012, total
consumer indebtedness was $11.44 trillion, a reduction of $100 billion
(0.9%) from its December 31, 2011 level. Here are some other
developments in household debt and credit from the quarter: Mortgage
balances shown on consumer credit reports fell again ($81 billion or
1.0%) during the quarter; home equity lines of credit (HELOC) balances
fell by $15 billion (2.4%). Household mortgage and HELOC indebtedness
are now 11.9% and 14.3%, respectively, below their peaks. Consumer
indebtedness excluding mortgage and HELOC balances stood at $2.64
trillion at the close of the quarter. Student loan indebtedness, the
largest component of household debt other than mortgages, rose 3.4% in
the quarter, to $904 billion.”