
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, April 6, 1990                   TAG: 9004060461
SECTION: BUSINESS                    PAGE: A11   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

CONSUMERS STILL TAKING OUT LOANS

Americans took out $3.4 billion more in consumer credit than they retired in February, but the pace slowed because of slackening demand for car loans, the government said Thursday.

The Federal Reserve said consumer credit increased at a seasonally adjusted annual rate of 5.7 percent, down from January's revised 6.4 percent pace.

Consumer credit, which includes all consumer loans except mortgages, was up 7.3 percent in December. - Associated Press

by CNB