Consumer Credit Rose to $2.35 trillion; Money Market MF Assets up to $2.25 trillion

U.S consumer credit outstanding rose $5.0 billion in August to $2.352 trillion, according to the latest report from the Federal Reserve. That followed a revised $8.4 billion consumer credit increase in July. Overall consumer credit grew in August at a seasonally adjusted annual rate of 2.6% following July's 4.3% rise.
The consumer credit data exclude highly volatile home mortgages and other real estate-secured loans. Nonrevolving credit, such as car and boat loans. grew $2.0 billion to $1.506 trillion. Revolving debt, which mainly reflects credit-card financing, grew $3.0 billion to $846.04 billion. 

Money Market Mutual Funds

Total money market mutual fund assets increased by $29.01 billion to $2.246 trillion for the week ended Wednesday, October 4, the Investment Company Institute reported today. 

Assets of retail money market funds increased by $6.22 billion to $929.38 billion while assets of institutional money market funds increased by $22.79 billion to $1.317 trillion.

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