“Consumer delinquencies fell in all 11 loan categories tracked by the American Bankers Association, which today released results from the fourth quarter 2011 Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 10 basis points to 2.49 percent of all accounts in the fourth quarter, the lowest it has been since 2008. Bank card delinquencies continued to improve, falling eight basis points to 3.17 percent of all accounts in the fourth quarter, the lowest since 2001. (See Historical Fact Sheet.) The ABA report defines a delinquency as a late payment that is 30 days or more overdue.”