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• • • • FEDERAL RESERVE • • • statistical • reI e a s·e Finance Rates and Other Terms on Selected Categories of Consumer Instalment Credit Extended by Finance Companies (Not seasonally adjusted) .. Customer finance rate (per cent per annum) Average maturity (months) Average amount financed (dollars) Mobile homes "Other consumer a:oods" 1/ Personal loans Mobile homes "Other consumer a:oods" 1/ Personal loans Mobile homes "Other consumer goods" 1/ Personal loans May 13.07 18.90 20.57 120.5 21.7 35.5 7,124 439 1,202 July 13.21 19.24 20.78 122.7 21.2 35.4 7,500 431 1,169 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 1974 1975 . 1/ Excludes automobiles·and recreational vehicles. ' 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 enFRASER Annual Percentage Rate basis as specified in the Federal Reservets Regulation Z (Truth-in-Lending). Digitized for
@FedFRASER