REVOLVING CREDIT'S MODEST GROWTH CONTINUES.(Brief Article)

Consumer revolving credit grew at a seasonally adjusted annualized rate of 2.5% in June, the Federal Reserve reported this afternoon. The Fed estimates June ended with $743.5 billion in revolving credit receivables, up 2.4% from $726.1 billion in June 2003. More than 80% of revolving credit is on credit cards …