Staff Reports
An Introduction to the FRBNY Consumer Credit Panel
2014   November 2010  Number 479
JEL classification: D14, E01, C83, C82

Authors: Donghoon Lee and  Wilbert van der Klaauw

In this paper, we introduce the FRBNY Consumer Credit Panel, a new longitudinal database with detailed information on consumer debt and credit. The panel uses a unique sample design and information derived from consumer credit reports to track individuals’ and households’ access to and use of credit at a quarterly frequency. In any given quarter ranging from the first quarter of 1999 to the present, the panel can be used to compute nationally representative estimates of the levels and changes in various aspects of individual and household liabilities. In addition to describing the sample design, the use of sample weights, and the credit report information included in the database, we provide some comparisons of population statistics and consumer debt estimates derived from our panel with those based on data from the American Community Survey and the Flow of Funds Accounts of the United States.

Available only in PDF pdf  18 pages / 347 kb
Tools
E-mail Alerts