For the second quarter of 2026, the Federal Reserve Board’s bank data put the card delinquency rate at commercial banks at 2.85%. The New York Fed’s credit-file data put the share of credit card balances 90 or more days delinquent at 12.92%. Both are reported figures for credit cards in the same quarter. They are built differently, so they are not two estimates of one number.
What each one counts
| Federal Reserve Board (bank rate) | New York Fed (credit files) | |
|---|---|---|
| Source data | Call Reports filed each quarter by commercial banks | The New York Fed Consumer Credit Panel, built from Equifax credit files |
| Measure | Dollar amount of delinquent card loans divided by total card loans outstanding | Percent of credit card balance that is 90 or more days delinquent |
| What counts as delinquent | Past due thirty days or more and still accruing interest, plus loans in nonaccrual status | 90 or more days delinquent |
| Who is covered | Card loans held by commercial banks | Card balances on the consumer credit files in the panel |
| Seasonal adjustment | Seasonally adjusted series (FRED series DRCCLACBS) | We did not find a seasonal adjustment note in the workbook |
The Fed’s descriptions are on its charge-off and delinquency release page and its method note. We checked the wording there on October 11, 2026. The Fed also publishes a card charge-off rate, which is net charge-offs during the quarter divided by average loans, annualized and net of recoveries. It was 3.82% in the second quarter of 2026.
Because the two measures count different loans, in different ways, one cannot be converted into the other. The reader who needs a single number should name which one and the quarter.
| Quarter | Bank card delinquency rate (Fed) | Bank card charge-off rate (Fed) | Card balances 90+ days delinquent (New York Fed) |
|---|---|---|---|
| Q2 2025 | 3.04% | 4.19% | 12.27% |
| Q3 2025 | 2.99% | 4.18% | 12.41% |
| Q4 2025 | 2.95% | 4.09% | 12.70% |
| Q1 2026 | 2.91% | 3.82% | 13.12% |
| Q2 2026 | 2.85% | 3.82% | 12.92% |
Source and attribution
Bank rates: Board of Governors of the Federal Reserve System, Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks, retrieved from FRED, Federal Reserve Bank of St. Louis (DRCCLACBS and CORCCACBS, seasonally adjusted, all commercial banks). Fed release last updated August 25, 2026. U.S. government data; the Fed asks for citation.
Credit-file share: New York Fed Quarterly Report on Household Debt and Credit, August 2026, underlying data page 12 (percent of balance 90+ days delinquent by loan type), from the New York Fed Consumer Credit Panel / Equifax.
© 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org.
The New York Fed does not endorse this page, My Credit Guide, or any use of these figures. We have not changed the source figures. Anything labelled as a rank, a change, or a comparison is our calculation.
Our table is available under CC BY 4.0, which does not cover the New York Fed’s rights in its figures. Credit "My Credit Guide (mycreditguide.org)". We pulled everything on October 11, 2026.
Steven Reynolds, "Two Credit Card Delinquency Numbers, and What Each Counts," My Credit Guide, October 11, 2026, https://mycreditguide.org/data/card-delinquency-two-measures/.
Our state table uses the New York Fed measure. The FDIC charge-off page shows dollar charge-offs at individual banks.