The Board of Governors of the Federal Reserve has released its second quarter delinquencies and charge-off data for all commercial banks. Loans are considered delinquent when they’re 30 days or more past due.
The only place delinquencies are declining is with real estate. Consumer loan delinquencies are up 10% from a year ago to $26.8 billion. Credit card loans are up 11% from a year ago to $13.8 billion. Delinquencies of commercial and industrial loans are $29.6 billion, up 150% from Q4 2014.
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