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FINANCE RATES AND OTHER TERMS ON SELECTED TYPES Of CONSUMER INSTALMENT
CREDIT EXTENDED BY MAJOR FINANCE COMPANIES
HilT SEASONALLY ADJUSTED)
No
.,
vJ 7 ,971'8
~EI.Jt:.HA
IAfVI(
~SiiR E
at:
--------------.....
------------------------------------------------------~--------------------------------------------~
II
II
II
PERIOD
PERSONAL LOANS
II
MOBILE HOME CREDIT
II•OTHER CONSUMER GOODS• 1/ CREDIT
II
II
II
II
ll-----------------------11---------------------ll--------------------------:ll AVERAGE I AVERAGE I
II AVERAGE I AVERAGE I
II AVERAGE I AVERAGE I
II FINANCE I AMOUNT I AVERAGE II FINANCE I AMOUNT I AVERAGE II FINANCE I AMOUNT I AVERAGE
II
RATE
I FINANCED I MATURITY II
RATE
I FINANCED I MATURITY II
RATE
I FINANCED I MATURITY
IICPER CENTJI lDDLLARSJI CMONTHSJ lllPER CENTII lDOLLARSJI CMONTHS) lllPER CENT)I CDOLLARSll CMONTHS)
----------------------------------------------------------------------~------------------------------------------
1976
NOVEMBER
21.23
1,369
38.8
13.64
8,750
123.3
19.57
529
22.5
20.75
20.32
20.41
20.68
1,496
1,544
1,549
1,493
40.3
44.4
43.9
42.8
13.59
13.65
13.55
13.54
8,607
8,997
9,506
9,586
124.7
126.2
127.b
129.0
19.17
18.85
19.19
19.64
511
532
571
636
21.9
22.9
23.9
25.7
20.38
20.29
20.53
1t621
1,645
1,534
44.8
47.4
46.3
13.46
13.50
13.40
9,519
10,006
10,574
128.8
129.1
132.6
19.19
18.90
19.43
564
585
682
24.8
25.4
27.5
1917
FEBRUARY
MAY
AUGUST
NOVEMBER
1978
FEBRUARY
MAY
AUGUST
---------------------------------------------------------------------------
1/ EXCLUDES AUTOMOBILES, RECREATIONAL VEHICLES, AND MOBILE HOMES.
NOTE: THE DATA SHOWN IN THIS TABLE ARE COMPILED FROM A QUARTERLY SURVEY CONDUCTED BY THE bOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM. FOR MOBILE HOMES AND -DTHER 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 AVERAbE
CUSTOMER FINANCE RATES REPORTED ON AN ANNUAL PERCENTAGE RATE BASIS AS SPECIFIED IN THE fEDERAL RESERVE BOARD'S
REGULATION Z CTRUTH-IN-LENDING). AVERAGE AMOUNT FINANCED STATISTICS DO NOT INCLUDE PRECOMPUTED FINANCE CHARGES.
AVERAGE RATE AND MATURITY DATA ARE PER DOLLAR FINANCED.
OTHER FEDERAL RESERVE STATISTICAL RELEASES WHICH REPORT FINANCE RATES ON CONSUMER LOANS ARE:
NO. 122 (COMMERCIAL BANKS) AND NO. 428 CAUTOMOBILE FINANCE COMPANIESJ.
@FedFRASER