NEW YORK — Bank credit card chargeoffs in November fell 20 basis points from a month earlier, to 5.2% of accounts receivable, according to Standard & Poor’s credit card quality indexes.

The indexes monitor the performance of approximately $330 billion of loans held in trusts of publicly rated credit card-backed securities, which make up nearly two-thirds of the total bank card market.

The decrease followed a 35-basis point uptick the previous month. Most of the 2000 monthly chargeoff rates have fallen in the mid-5.0% range. Losses started declining in June 1998 and reached 5.0% in July 2000, their lowest point since 1996.

As expected, the delinquency trend continued to inch up as the economy started to show signs of a slowdown, according to Standard & Poor’s.

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