Press Release
New York Fed Announces Dynamic Maps and Data on Bank Card and Mortgage Delinquencies
October 21, 2008

NEW YORK—The Federal Reserve Bank of New York announced on Tuesday the availability of dynamic maps and data that show the rate of bank credit card delinquencies and mortgage delinquencies by county across the United States during the first quarter of 2008. These new measures complement the nonprime mortgage information released periodically since last March by providing a more comprehensive view of regional credit conditions.

The maps and supporting spreadsheets can help identify geographic areas with weak or deteriorating credit conditions. On a county-by-county basis, they display the 60 day or more delinquency rate for credit cards issued by banks and 90 day or more delinquency rate for mortgages (including prime and nonprime). They also show percentage point changes in these two delinquency rates from one year ago.

This information can assist governments and community groups in targeting efforts to aid troubled and at-risk households. In addition, policymakers can use the maps and data to develop and prioritize plans to address the impact that widespread mortgage delinquencies and other credit problems could have on local economies.

This joint effort by the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York is part of the Federal Reserve System’s Homeownership and Mortgage Initiatives, a comprehensive strategy across the Federal Reserve System to provide information and outreach to prevent unnecessary foreclosures and to stabilize communities.

The source of the data is the TransUnion. LLC., Trend Data credit reporting agency. Quarterly updates will be issued approximately 10 weeks following the end of each quarter.

Bank card and mortgage delinquency maps ››

Contact: Andrew Williams
(212) 720-6143
(646) 720-6143
andrew.williams@ny.frb.org