F e d e r a l R e s e r v e B a n k o f K a n s a s C i t yS e p t e m b e r 2 0 1 0 F e d e r a l R e s e r v e B a n k o f K a n s a s C i t y2 n d Q u a r t e r 2 0 1 1

c o n s u m e r c r e d i t r e p o r t o k l a h o m a • second quarter 1

�ummary The Federal Reserve Bank of Kansas

City’s quarterly Consumer Credit Report provides a snapshot of the economic health of Oklahoma and its citizens.

Overall consumer debt in Oklahoma declined slightly in the second quarter of 2011, consistent with national trends. Mortgage delinquencies were below the national average but higher than the average for the Tenth District, which includes Colorado, Kansas, western Missouri, Nebraska, northern New Mexico, Oklahoma and Wyoming.

The average debt per consumer in Oklahoma was $13,900 in the second quarter, down signifigantly from 2009 but still higher than in 2001. Revolving debt, at $3,600, remained largely flat. Nationally, the figures were $17,000 and $7,700, respectively. About 1.3 percent of bank cards were delinquent, compared to 1.8 percent nationally. About 20 percent of student loans were delinquent (12.3 percent for U.S.) while 2.1 percent of auto loans were past due (3.4 percent for U.S.). About 86 of every 10,000 households filed for bankruptcy.

4.7 percent of mortgages in Oklahoma were seriously delinquent, which is defined as 90 or more days past due or in foreclosure, compared with 6.9 percent nationally and 4 percent across the Tenth District.

Total Consumer Debt (excludes first mortgage)

Revolving Debt

4-quarter moving average

$0

$4,000

$8,000

$12,000

$16,000

$0

$4,000

$8,000

$12,000

$16,000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

2.1%

20.0%

1.3%

86.3

0

25

50

75

100

125

150

0.0%

6.0%

12.0%

18.0%

24.0%

Auto Delinquency(percent of

outstanding loans)

Student Loan Delinquency (percent of

outstanding loans)

Bank Card Delinquency (percent of

outstanding accounts)

Bankruptcy Filingsper 10,000 Households

(annual rate)

At least 30 days past due

Chart 1: Average Debt Per Consumer

Chart 2: Average Consumer Delinquency Rates

�onsumer �redit�eport �klahoma

Source: Federal Reserve Bank of New York Consumer Credit Panel/EquifaxNote: A first mortgage represents the primary note on the home and typically is not used to purchase consumer goods.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax and the Administrative

Office of the U.S. Courts

F e d e r a l R e s e r v e B a n k o f K a n s a s C i t y - Te n t h D i s t r i c t2 n d Q u a r t e r 2 0 1 1

2

10.9

7.7

9.2 8.7

9.3

6.9

4.0 4.7 4.4

5.0

0

2

4

6

8

10

12

0

2

4

6

8

10

12

U.S. District Oklahoma Oklahoma City Tulsa

Past Due Seriously Delinquent

Chart 3: Mortgage Delinquencies

CONSUMER CREDIT REPORT �klahoma

c o n s u m e r c r e d i t r e p o r t o k l a h o m a • second quarter

TexasOsage

Ellis

BeaverKay

Cimarron

Le Flore

Caddo

Woods

McCurtain

Grant

Grady

Major

Kiowa

Atoka

Creek

Bryan

Pittsburg

Harper

Blaine

Custer

Dewey

Alfalfa Craig

Lincoln

Garfield

Carter

Washita

Noble

Garvin

Logan

Tillman

Woodward

Adair

Pushmataha

Greer

Coal

Payne

Love

Hughes

Mayes

Roger Mills

Rogers

Cotton

ComancheJackson

Latimer

Beckham

Canadian

Stephens

Kingfisher

Choctaw

Haskell

Jefferson

Pontotoc

Muskogee

McIntosh

Johnston

SequoyahOklahoma

Ottawa

WagonerTulsa

Delaware

Cherokee

Nowata

Pawnee

McClain

Okmulgee

Harmon

Seminole

Okfuskee

Murray

PottawatomieCleveland

Marshall

Washington

Legend< 1%

1% - 2%

2% - 4%

4% - 6%

6% - 8%

> 8%

Insufficient Information

Map: Serious Delinquency Rates by County

Source: Lender Processing Services, Inc.Notes: The figures represent the share of outstanding mortgages. Past due represents mortgages that are 30 or more days delinquent, including those in foreclosure. Serious delinquencies represent mortgages that are 90 or more days past due or in some stage of the foreclosure process.

The Consumer Credit Report series is published quarterly by the Federal Reserve Bank of Kansas City to provide a summary view of consumer credit standing in each Tenth District state. For questions or comments, contact Kelly Edmiston, senior economist, at kelly.edmiston@kc.frb.org.

�otes

Source: Lender Processing Service Inc. Note: Serious delinquencies represent mortgages that are 90 or more days past due or in some stage of the foreclosure process.