Consumer credit outstanding rose $13.7 billion in January from the previous month. Revolving credit declined $0.2 billion in January following December's gain of $5.0 billion, which was revised down to $3.1 billion. Nonrevolving credit rose $13.9 billion in January on a month-over-month basis, again driven by student and auto loans.

Consumer Credit Outstanding, billion dollars, seasonally adjusted, monthly changes