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• • • F E.D ERA L -: .- • • R E 5 E·R·V E • statistical J.3 Finance Rates and Other Terms on Selected Categories of Consumer Instalment Credit Extended by Finance Companies (Not seasonally adjusted) t1~~- ,... Average maturity (months) Customer finance rate (per cent per annum) Mobile homes "Other consumer goods" 1/ Personal loans Mobile homes "Other consumer •goods" 1/ Average amount financed (dollars) Personal loans Mobile homes "Other consumer goods" 1/ Personal loans 1974 September 13.42 19.30 20.93 123.6 20.6 34.9 7,658 437 1,171 November 13.60 19.49 21.16 122.5 20.4 35.1 7,599 436 1,194 January 13.60 19.80 21.09 120.1 20.2 35.1 7,369 425 1,182 March 13.59 20.00 20.86 120.2 20.6 35 .6 7,419 453 1,249 May 13.57 19.63 20.75 121.9 21.5 36.9 7' 713 469 1,322 July 13.78 19.87 20.97 121.1 21.4 36.6 7,639 477 1,301 September 13.78 19.69 21.14 119.8 21.4 37.1 7,819 475 1,234 1975 November 11 Excludes automob~les and recreat~onal veh~cles. r--Revised. NOTE: The data shown on this release are compiled from a bimonthly survey conducted by the Board of Governors of the Federal Reserve System. For mobile homes and "other consumer goods," the data cover contracts purchased by finance companies, primarily from retail outlets; for personal loans, they cover secured and unsecured loans made directly by finance companies for household, family or other personal expenditures. Rates are reported on an Annual Percentage Rate basis as specified in the Federal Reserve's Regulation Z (Truth-in-Lending).
@FedFRASER