In another sign that consumers' financial health is recovering, the American Bankers Association reported the second consecutive quarterly decline in delinquencies. However, analysts warned the improvement could level off in coming quarters.

The trade group said Wednesday that the ratio of delinquencies to total accounts in eight loan categories, including auto and personal loans, fell 4 basis points from the third quarter, to 3.19%. The ABA defines delinquencies as loans 30 days or more past due.

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