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Consumer borrowing rose in the first quarter of 2013, although credit card debt was little changed, the U.S. Federal Reserve said.
The Fed said total borrowing rose 5.75 percent on a seasonally adjusted annual
rate with non-revolving credit -- which includes auto loans, personal loans and
student loans -- up 8.1 percent on an annual rate and revolving credit up 0.2
percent.
For March, consumer credit rose at an annual rate of 3.5 percent, the Fed said
in a report released late Tuesday.
The quarter ended with total consumer debt at $2.807 trillion -- $1.961 trillion
in non-revolving debt and $846.2 billion in revolving debt, the Fed said.
