Dollars per Household (in 1992 dollars) | 1983 | 1989 | 1992 | ||||||
---|---|---|---|---|---|---|---|---|---|
Consumer Debt ( dollars) | Household Debt ( dollars) | Disposable Income ( dollars) | Consumer Debt ( dollars) | Household Debt ( dollars) | Disposable Income ( dollars) | Consumer Debt ( dollars) | Household Debt ( dollars) | Disposable Income ( dollars) | |
Income (1992 dollars) | |||||||||
Less than 10,000 | 1,580 | 3,834 | 7,042 | 1,742 | 3,737 | 6,194 | 2,362 | 2,362 | 2,362 |
10,000-19,999 | 2,780 | 7,112 | 16,351 | 3,448 | 7,271 | 15,276 | 5,074 | 5,074 | 5,074 |
20,000-29,999 | 4,962 | 14,107 | 27,267 | 6,330 | 16,880 | 26,333 | 7,779 | 7,779 | 7,779 |
30,000-49,999 | 5,781 | 24,485 | 42,813 | 11,245 | 32,922 | 40,344 | 9,485 | 9,485 | 9,485 |
Less than 50,000, combined | 3,981 | 13,477 | 25,253 | 5,981 | 16,110 | 22,981 | 6,239 | 6,239 | 6,239 |
All figures in 1992 dollars. Sources: Moss and Johnson, The Rise of Consumer Bankruptcy: Evolution, Revolution, or Both?, Appendix A; Glenn B. Carter, Arthur B. Kennickell, and Charles A. Luckett, Household Sector Borrowing and Burden of Debt, Federal Reserve Bulletin, Vol. 81, No. 4 (April 1995), tables 1, 4, and 6, at 326, 330, 332, Economic Report of the President (Washington, GPO 1998), tables B-31, B-62, and B-77, at 318, 352, 350, 372.
1. Tennessee | 25.58 |
2. Georgia | 22.65 |
3. Nevada | 20.99 |
4. Alabama | 20.85 |
5. Mississippi | 19.55 |
6. California | 18.75 |
7. Utah | 18.56 |
8. Oklahoma | 17.75 |
9. Virginia | 16.94 |
10. Indiana | 16.55 |
11. Arkansas | 16.32 |
12. Idaho | 15.81 |
13. Washington | 15.28 |
14. New Jersey | 14.66 |
15. Louisiana | 14.65 |
16. Illinois | 14.65 |
17. Rhode Island | 14.57 |
18. Kentucky | 14.56 |
19. Arizona | 14.49 |
20. Oregon | 14.33 |
21. Kansas | 13.31 |
22. Florida | 12.87 |
23. Missouri | 12.67 |
24. Ohio | 12.59 |
25. Colorado | 12.41 |
26. New Mexico | 11.96 |
27. West Virginia | 11.92 |
28. Minnesota | 11.38 |
29. Hawaii | 11.36 |
30. New Hampshire | 11.12 |
31. District of Columbia | 11.12 |
32. New York | 11.09 |
33. Michigan | 11.05 |
34. Connecticut | 11.03 |
35. Wyoming | 10.90 |
36. Texas | 10.37 |
37. Montana | 10.30 |
38. Massachusetts | 10.28 |
39. Wisconsin | 9.81 |
40. Delaware | 9.49 |
41. Nebraska | 9.39 |
42. Pennsylvania | 9.35 |
43. North Carolina | 9.26 |
44. Iowa | 8.90 |
45. Maine | 8.74 |
46. South Dakota | 8.60 |
47. Vermont | 8.38 |
48. South Carolina | 8.10 |
49. North Dakota | 7.94 |
50. Alaska | 6.29 |
State | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 |
---|---|---|---|---|---|---|---|
Alabama | 18.67 | 17.24 | 15.42 | 14.89 | 16.64 | 19.50 | 20.85 |
Alaska | 5.48 | 5.14 | 4.50 | 4.30 | 4.50 | 5.72 | 6.29 |
Arizona | 14.36 | 14.13 | 12.03 | 10.12 | 9.86 | 12.02 | 14.49 |
Arkansas | 9.25 | 9.07 | 7.61 | 7.39 | 9.99 | 13.88 | 16.32 |
California | 13.23 | 15.06 | 14.47 | 13.20 | 13.44 | 16.54 | 18.75 |
Colorado | 13.07 | 11.93 | 10.00 | 9.04 | 9.35 | 10.92 | 12.41 |
Connecticut | 6.41 | 7.68 | 7.39 | 6.89 | 7.46 | 9.19 | 11.03 |
Delaware | 4.81 | 6.22 | 5.70 | 4.68 | 6.21 | 7.42 | 9.49 |
District of Columbia | 5.53 | 5.88 | 5.29 | 5.85 | 6.44 | 8.43 | 11.12 |
Florida | 9.38 | 9.74 | 7.94 | 7.79 | 8.27 | 10.51 | 12.87 |
Georgia | 21.21 | 18.43 | 16.13 | 15.91 | 17.36 | 20.33 | 22.65 |
Hawaii | 3.01 | 3.83 | 3.98 | 4.21 | 5.30 | 7.96 | 11.36 |
Idaho | 11.20 | 10.70 | 9.28 | 8.33 | 9.84 | 12.63 | 15.81 |
Illinois | 10.08 | 10.04 | 9.25 | 8.83 | 9.90 | 12.52 | 14.65 |
Indiana | 13.33 | 12.81 | 10.76 | 10.08 | 10.78 | 13.53 | 16.55 |
Iowa | 5.81 | 5.78 | 4.99 | 5.05 | 6.03 | 7.90 | 8.90 |
Kansas | 10.24 | 9.45 | 8.29 | 8.20 | 9.39 | 11.52 | 13.31 |
Kentucky | 11.13 | 10.21 | 8.45 | 8.35 | 9.87 | 12.72 | 14.56 |
Louisiana | 9.10 | 9.19 | 8.16 | 8.12 | 9.45 | 13.00 | 14.65 |
Maine | 4.90 | 4.70 | 3.97 | 3.70 | 4.59 | 6.36 | 8.74 |
Maryland | 8.27 | 9.30 | 8.69 | 8.38 | 9.67 | 13.01 | 16.95 |
Massachusetts | 6.44 | 7.58 | 6.74 | 6.25 | 6.49 | 7.64 | 10.28 |
Michigan | 7.36 | 7.73 | 6.78 | 6.30 | 6.97 | 8.89 | 11.05 |
Minnesota | 10.55 | 9.93 | 8.65 | 7.99 | 8.53 | 10.34 | 11.38 |
Mississippi | 13.83 | 13.00 | 11.00 | 10.43 | 12.26 | 16.08 | 19.55 |
Missouri | 9.48 | 9.30 | 7.53 | 7.33 | 8.25 | 10.77 | 12.67 |
Montana | 6.85 | 6.43 | 5.86 | 5.80 | 6.86 | 8.23 | 10.30 |
Nebraska | 7.51 | 6.89 | 6.02 | 5.64 | 6.07 | 8.40 | 9.39 |
Nevada | 14.65 | 15.55 | 14.81 | 12.75 | 13.39 | 17.01 | 20.99 |
New Hampshire | 9.40 | 9.21 | 8.65 | 7.22 | 7.45 | 8.42 | 11.12 |
New Jersey | 7.94 | 8.93 | 8.56 | 8.34 | 9.70 | 11.80 | 14.66 |
New Mexico | 8.04 | 7.99 | 6.66 | 5.93 | 7.14 | 9.48 | 11.96 |
New York | 6.86 | 7.77 | 7.42 | 7.06 | 7.65 | 9.23 | 11.09 |
North Carolina | 6.60 | 5.76 | 4.93 | 4.99 | 5.82 | 7.94 | 9.26 |
North Dakota | 5.19 | 5.20 | 4.55 | 4.85 | 5.36 | 6.84 | 7.94 |
Ohio | 10.81 | 9.95 | 8.31 | 7.61 | 8.15 | 10.45 | 12.59 |
Oklahoma | 12.86 | 11.85 | 10.88 | 10.47 | 11.22 | 14.59 | 17.75 |
Oregon | 12.56 | 12.07 | 10.92 | 10.59 | 11.53 | 13.37 | 14.33 |
Pennsylvania | 5.01 | 5.44 | 4.69 | 4.47 | 5.34 | 7.08 | 9.35 |
Rhode Island | 9.05 | 9.75 | 8.72 | 7.98 | 8.87 | 11.46 | 14.57 |
South Carolina | 5.80 | 5.57 | 4.88 | 4.90 | 5.52 | 7.10 | 8.10 |
South Dakota | 5.91 | 5.57 | 5.30 | 4.56 | 5.37 | 7.00 | 8.60 |
Tennessee | 22.65 | 20.70 | 19.05 | 17.82 | 19.35 | 23.89 | 25.58 |
Texas | 7.68 | 7.96 | 6.79 | 6.34 | 7.17 | 8.92 | 10.37 |
Utah | 14.92 | 14.35 | 11.72 | 10.98 | 11.80 | 14.54 | 18.56 |
Vermont | 4.47 | 4.61 | 3.86 | 3.77 | 4.73 | 6.04 | 8.38 |
Virginia | 12.08 | 11.94 | 10.54 | 9.83 | 11.42 | 14.32 | 16.94 |
Washington | 9.48 | 9.55 | 8.58 | 8.56 | 10.08 | 13.38 | 15.28 |
West Virginia | 6.13 | 6.42 | 5.14 | 5.21 | 5.92 | 8.42 | 11.92 |
Wisconsin | 6.84 | 6.45 | 5.68 | 5.68 | 6.62 | 8.31 | 9.81 |
Wyoming | 9.01 | 7.71 | 6.84 | 6.61 | 6.82 | 9.71 | 10.90 |
Bankruptcy filings are for 12-month periods ending 12/31. Households are mid-year estimates provided by the Bureau of the Census, except for 1997 which was estimated by the Bankruptcy Judges Division of the Administrative Office of the United States Courts.
Charter Number | Credit Card Bank Name
(Ultimate Parent) City, State Control Number (Date Approved, if an organization) | Date Opened |
---|---|---|
OPENED | ||
15033 | Advanta National Bank USA
[formerly Colonial National Bank USA] (Advanta) Wilmington, DE [Relocated from Claymont on 12/02/96] [grandfathered non-bank bank, status to non-bank bank consummated 01/21/82] | 12/14/62 |
22277 | Associated National Bank (Delaware)
(Ford Motor Corp.) Wilmington, DE 90WE010008 | 04/05/91 |
22474 | Beneficial National Bank USA
(Beneficial Financial Corp.) Wilmington, DE 91NE010008 | 02/21/92 |
21099 | Dial National Bank
(Norwest Financial Services, Inc.) Des Moines, IA 85MW010016 | 12/01/88 |
22869 | Firstar Bank U.S.A., National Assocation
[formerly Firstar Credit Card Bank, National Association] (Firstar Corporation) Waukegan, IL 95CE010002 | 07/03/95 |
23125 | First Financial Card Services Bank, Nation Association
(First Financial Corporation) Stevens Point, WI 1996CE010022 | 07/19/96 |
23342 | First Union Direct Bank, National Association
(First Union Corporation) Augusta, GA [Relocated from Atlanta on 06/02/97] 1997ML010001 & 1997ML020015 | 06/02/97 |
18767 | Household Bank (Illinois), National Association
[formerly HRSI, National Association] (Household International Financial Company) Prospect Heights, IL 88CE010021 | 04/02/90 |
18818 | Household Bank (Nevada), National Association
(Household International Financial Company) Las Vegas, NV 92WE010003 | 04/01/93 |
22675 | Household Bank (SB), National Association
(Household International Financial Company) Las Vegas, NV 93WE010004 | 12/01/93 |
18788 | JCB Bank, National Association
JCB International Credit Card Company (Ltd) (JCB USA) Los Angeles, CA 91WE010005 | 05/03/93 |
23227 | PNC National Bank
(PNC Bank) Wilmington, DE 96NE010021 | 12/20/96 |
22028 | Providian National Bank
[formerly First Deposit National Credit Card Bank] (Providian Corporation) Concord, NH 89NE010007 | 12/28/90 |
22974 | UMB U.S.A., National Association
(UMB Financial Corporation) United Missouri Bank, N.A. Falls City, NE 95MW010025 | 05/01/96 |
23116 | United Credit National Bank
(United Insurance Companies, Inc.) Sioux Falls, SD 96MW010011 | 02/03/97 |
22791 | Universal Bank, National Association
(AT&T Corporation) Columbus, GA 95SE010007/94SE110001 | 01/01/95 |
22863 | Wells Fargo Bank (Arizona), National Associationa
(Wells Fargo Bank) Phoenix, AZ 95ML010001 | 06/08/95 |
22696 | Whirlpool Financial National Bank
(Whirlpool Corporation) New Castle, DE 93NE010007 | 10/01/94 |
IN ORANIZATION | ||
None | ||
PROPOSED | ||
23320 | First Annapolis Bank, National Association
(First Annapolis Consulting, Inc.) Newark, DE 97NE010001 | |
23363 | TCM Bank, National Association
(IBAA) Tampa, FL 97SE010012 | |
23169 | United Credit Card Bank, National Association
(United Companies Financial Corporation) Baton Rouge, LA 96SW010014 |
Charter Number | Credit Card Bank Name
(Ultimate Parent) City, State Control Number (Date Opened) (Date Approved, if in organization) | Retail Affiliate |
---|---|---|
OPENED | ||
23139 | Chevron Credit Bank, National Association
(Chevron U.S.A., Inc.) Murray, UT 96WE010004 (12/13/96) | Chevron |
22594 | Credit First National Association
(Bridgestone/Firestone, Inc.) Brook Park, Ohio 92CE010010 (10/19/93) | Bridgestone
Firestone |
18777 | Dillard National Bank
(Dillard Department Stores) Dillard Investment Company Gilbert, AZ [Relocated from Phoenix on 12/30/96] 90WE010009 (06/18/91) | Dillard Department Stores |
22734 | Direct Merchants Credit Card Bank, National Association
(Fingerhut Companies, Inc.) Salt Lake City, UT 94WE010001 (02/14/95) | Fingerhut Companies |
23097 | DSRM National Bank
(Diamond Shamrock Inc.) Diamond Shamrock Refining & Marketing Co. Albuquerque, NM 96SW010005 (10/01/96) | Diamond Shamrock Gas Stations |
23154 | Eaglemark Bank, National Association
(Eaglemark Financial Services, Inc.) Carson City, NV 96WE01005 (08/25/97) | Harley-Davidson |
22579 | FDS National Bank
(Federated Department Stores) Deerfield Township, Ohio 92CE010007 (9/8/93) | Bloomingdales
Abraham & Straus Jordan Marsh Bon Marche Burdines Lazarus Rich's/Goldsmith Stern's |
23083 | Fingerhut National Bank
(Fingerhut Companies, Inc.) Sioux Falls, SD 96MW010006 (11/11/96) | Fingerhut Companies |
21688 | First Consumers National Bank
(Spiegel, Inc.) Beaverton, OR 87WE010031 (12/12/88) | Spiegel
Eddie Bauer |
22196 | First North American National Bank
(Circuit City Stores, Inc.) Marietta, GA 90SE010005 (11/19/90) | Circuit City Stores |
22465 | JCPenney Card Bank, National Association
(JC Penney Company) Harrington, DE 91NE010007 (07/16/93) | J C Penney Stores |
3883 | JCPenney National Bank
(JC Penney Company) Harrington, DE [Grandfathered non-bank bank, opened 5/9/1888, non-bank bank status approved 06/26/1983] | J C Penney Stores |
21920 | May National Bank of Arizona
(May Department Stores, Inc.) Tempe, AZ 88MW010016 (04/01/91) | Meier & Frank
Robinson's - May L.S. Ayres Famous - Barr |
21922 | May National Bank of Ohio
(May Department Stores, Inc.) Lorain, OH [Relocated from Parma on 10/01/96] 88MW010018 (05/01/91) | Hecht's
Lord & Taylor Strawbridge Kaufmann's |
22473 | MCFC National Bank
(Mobil Corporation) Lenexa, KS 91MW010005 (05/31/95) | Mobil Oil Company |
23324 | Mercantile Stores National Bank
(MERSCO Finance Corporation) Baton Rouge, LA 97SW010001 (06/24/97) | Mercantile Stores
Company, Inc. |
22894 | National Bank of the Great Lakes
(Carson Pirie Scott & Company) Elmhurst, IL [Relocated from Hillside on 06/27/97] 95CE010005 (02/04/96) | Carson Pirie Scott
Department Stores |
22195 | Nordstrom National Credit Bank
(Nordstrom, Inc.) Englewood, CO 90WE010006 (08/30/91) | Nordstrom Department Stores |
22549 | Retailers National Bank
(Dayton Hudson Corporation) Sioux Falls, SD 92MW010002 (01/07/94) | Target
Mervyn's Dayton's Marshal Field's Hudson's |
20670 | Sears National Bank
[formerly American National Bank of Arizona] (Sears, Roebuck and Company) Tempe, AZ [Relocated from Phoenix on 03/31/97] 93WE110005 [Converted from a commercial to a CEBA credit card bank on 1/31/94] | Sears |
22183 | Spirit of America National Bank
(Charming Shoppes, Inc.) Milford, OH 90CE010001 (09/04/91) | Fashion Bug
Fashion Bug Plus |
22568 | Pier One National Bank
(Pier One Imports) Omaha, NE [formerly Texico Credit Card Bank, National Association, owned by Texico Oil Company. Change in bank control consummated 05/01/97] 92MW010004 (12/01/94) | Pier One Imports |
21739 | World Financial Network National Bank
(The Limited, Inc.) Whitehall, OH 88CE010002 (05/01/89) | The Limited
Limited Express Lerner Lane Bryant Victoria's Secret Lerner Woman Henri Bendel Brylane (Catalog Sales) |
IN ORGANIZATION | ||
23403 | Jewelers National Bank
(Zale Corporation) Tempe, AZ 97WE010002 (08/04/97) | Zale Jewelry Stores |
PROPOSED | ||
23323 | Cedar Hill National Bank
(Cato Corporation) Lawrenceville, GA 97SE010002 | Cato Clothing Stores |
Charter Number | Bank Name
City, State Control Number (if any) (Date Charter Approved if known) | Date Opened |
---|---|---|
18174 | American Investment Bank, National Association
Salt Lake City, UT {10/28/83} | 04/02/84 |
16595 | Avco National Bank
(Avco Enterprises, Inc.) Costa Mesa, CA [Relocated from Anaheim on 08/30/95] {06/30/82} | 07/16/82 |
23239 | BankBoston (NH), National Association
(Bank of Boston Corporation) Nashua, NH {12/20/96} | 04/24/97 |
17112 | Banker's Trust Florida, National Association
Palm Beach, FL | 11/09/81 |
23160 | The Chase Manhattan Bank, USA, National Association
Wilmington, DE 96WE010014 {08/09/96} | 08/19/96 |
18021 | Comerica Bank-Midwest, National Association
Toledo, OH {08/02/83} | 12/15/83 |
16971 | Citibank (South Dakota), National Association
Sioux Falls, SD | 02/19/81 |
20500 | Commerce Bank, National Association
Omaha, NE 84MW010226 {05/16/85} | 10/01/85 |
20612 | Delta National Bank and Trust Company of Florida
Miami, FL 84SE010273 {03/29/85} | 02/02/87 |
20547 | Delta National Bank and Trust of New York
New York, NY 84NE010396 {03/29/85} | 03/17/86 |
22404 | EFS National Bank
(Concord Cumputing Corporation) Memphis, TN 91SE010002 {01/13/92} | 12/01/92 |
17762 | FCC National Bank
Wilmington, DE {03/03/83} | 05/11/83 |
1333 | First Deposit National Bank
Tilton, NH (Non-bank bank status approved 05/18/1981) | 06/23/1865 |
20291 | First National Bank of Marin
San Rafael, CA 84WE010244 {07/09/84} | 07/30/84 |
17295 | First Omni Bank, National Association
Millsboro, DE | 05/07/82 |
23177 | Fleet Bank (Delaware), National Association
Wilmington, DE (Fleet Financial Group) 1996ML010004 {11/07/96} | 05/06/97 |
22908 | Key Bank USA, National Association
Cleveland, OH 95CE010012 {06/08/95} | 09/05/95 |
22381 | MBNA America Bank, National Association
(Maryland Bankcorporation) Wilmington, DE [Relocated from Newark on 06/01/96] 91NE010001 {01/28/91} | 01/29/91 |
22859 | M & T Bank, National Association
Oakfield, NY 94NE010015 {06/29/95} | 10/02/95 |
22279 | NationsBank of Delaware, National Association
(NationsBank Corporation) Dover, DE 90ML010001 {08/08/90} | 12/13/90 |
20010 | Pacific National Bank
Miami, FL 84SE010204 {06/18/84} | 07/22/85 |
20962 | The Park Avenue Bank, National Association
New York, New York 85NE010013 {11/18/85} | 11/06/87 |
22670 | PNC Mortgage Bank, National Association
Pittsburgh, PA 93NE010004 {11/24/93} | 11/30/93 |
22626 | SunTrust BankCard, National Association
Orlando, FL 93SE010001 {04/23/93} | 07/06/93 |
22413 | U.S. Trust Company of California, National Association
Los Angeles, CA 91WE020004 {03/08/91} | 03/08/91 |
18782 | U.S. Trust Company of Texas, National Association
Dallas, TX 90SW020096 {12/07/90} | 12/07/90 |
22611 | Waterhouse National Bank
White Plains, NY 92NE010006 {08/19/93} | 10/13/94 |
22897 | Wells Fargo HSBC Trade Bank, National Association
San Francisco, CA 95ML010003 {06/16/95} | 10/05/95 |
Proposed | ||
23401 | Credicard National Bank
San Antonio, TX (Steward Armstrong) 97SW010007 |