Indicating a long-anticipated downturn in consumer credit quality, the American Bankers Association has reported the first increase in its delinquency index since 1992.

The association's composite index, covering several types of closed-end consumer loans by member banks, showed 1.72% of the accounts at yearend were at least 30 days overdue. The increase - six basis points from the third quarter - followed 10 consecutive quarterly declines.

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