Report Points to Healing in Credit Markets 

The second quarter of 2011 showed evidence of a modest increase in availability of credit offered by banks and willingness of consumers to borrower. According to the quarterly Household Debt and Credit Report for the second quarter of 2011, released by the Federal Reserve Bank of New York, the positive signs were the result of small decreases in the amount of outstanding credit held by consumers. Mortgage and home equity lines of credit balances fell by $20 billion each.  Non-real estate debt fell by $10 billion, 0.04%, with the balances totaling $2.28 trillion.  This is 9.5% below the peak from the