WASHINGTON, D.C. — While the Federal Reserve didn't have any update on averages for new-vehicle loans by finance companies, officials noticed non-revolving credit increasing at a rate not seen since February.

Looking at June data, the Fed discovered this credit increased at a rate of 7.5 percent. The last time it was that high was in February, when non-revolving credit shot up 7.75 percent a month after moving 7.5 percent higher.

For reference, the Fed noted non-revolving credit moved up just 1.25 percent in May and 1.5 percent in April.

In other June readings, officials also said consumer credit increased at an annual rate of 7.75 percent with revolving credit increasing at a rate of 8 percent.

For the second quarter, the Fed pinpointed that consumer credit climbed at an annual rate of 4.25 percent.

In addition to not providing an update on active auto finance loans by finance companies, the Fed also did not share any new data about new-vehicle loans coming through commercial banks.

The most recent information available is from May. That's when the Fed determined the average interest rate on a 48-month, new-vehicle loan from a commercial bank came in at 5.81 percent.

For the first quarter, the commercial bank average was 5.86 percent.