Consumer borrowing increases 3% in month

WASHINGTON -- U.S. consumer borrowing increased 3 percent to $2.58 trillion in June from May, the Federal Reserve reported Tuesday. The total was just below the record reached in July, 2008. But credit-card debt fell 5 percent to $864.6 billion.

The Fed report covers auto loans, student loans, and credit cards but excludes loans tied to real estate.