Full text of G.19 Consumer Credit : April 5, 1977

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FEDERAL

RESERVE

statistical

release

•?^P?
G.19

FOR IMMEDIATE RELEASE
APRIL 5 , 1977

CONSUMER INSTALMENT CREDIT -

FEBRUARY 1977

CONSUMER INSTALMENT CREDIT OUTSTANDING EXPANDED IN FEBRUARY BY $2*02 BILLION,
SEASONALLY ADJUSTED* UP FROM JANUARY'S $1.92 BILLION INCREASE- THE FEBRUARY ADVANCE
WAS THE SECOND LARGEST ON RECORD, EXCEEDED ONLY BY A $2.09 BILLION INCREASE IN
FEBRUARY, 1973. CREDIT NEWLY EXTENDED REACHED A NEW HIGH AT $17.19 BILLION, AND
LIQUIDATIONS OF EXISTING DEBT ALSO POSTED A RECORD AT $15.16 BILLION.
AUTOMOBILE CREDIT ACCELERATED IN FEBRUARY, REVERSING A JANUARY SLOWDOWN. AUTO
CREDIT EXTENDED, AFTER SEASONAL ADJUSTMENT* ROSE 5 PER CENT* TO $5.21 BILLION, WHILE
LIQUIDATIONS ROSE 3 PER CENT, TO $4.32 BILLION, RESULTING IN THE LARGER NET CHANGE OF
$884 MILLION.
BANK-CARD CREOIT INCREASED SHARPLY DURING FEBRUARY—UP $170 MILLION—AS
BANK-CARD EXTENSIONS REACHED A NEW HIGH AT $2.33 BILLION. STRONG GROWTH WAS ALSO
RECORDED IN THE LARGE "ALL OTHER" CATEGORY, ALTHOUGH THE $931 MILLION INCREASE IN
OUTSTANDINGS WAS SMALLER THAN IN THE PRECEDING MONTH. THE NET GAIN IN HOME IMPROVEMENT
CREDIT WAS ALSO SMALLER IN FEBRUARY, WHILE MOBILE HOME CREDIT OUTSTANDING CONTINUED TO
CONTRACT.
(IN MILLIONS OF DOLLARS)
INSTALMENT CREDIT* TOTAL

! FEB. 1977 1 JAN. 1977 f FEB. 1977 | FEB. 1976 (LATEST 12 MONTHS
(SEASONALLY ADJ.!
KNOT SEAS.ADJ.)
(NOT SEAS.ADJ.)
9

AMOUNT EXTENDED:

I

AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:
AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREOIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT OUTSTANDING,
END OF MONTH

1
1

17,1861
|
5,2051
260|
4571
2,3321
4481
8,4841

1
1

1
1

1
I

1

15*1641

i

t

1

1

K

1

1
1
1
1
1
1
1
1

2*0221
1
8841
-691
731
1701
321
9311

1
1
1

1
1
1

(2)

16*8701

14*278|

I

1

4,9401
245|
4941
2,1171
4621
8*6121

?
?

14*9521
1

14*0011

1

(2)

1
•
1

1

4*4061
2041
3641
1*885?
4061
7*0121

1
1
1*91B|
»
7581
-611
1301
281
411
1*023|

12*5761
3*8661
2121
3181
1*6311
3561
6,1931

1
1
12*9971
»

1
1
2771
1
4241
-93?
14|
-1761
91
99|
»
»
178*2521

?
-4211

1

*

2121
-100»
-31
-1681
»
-363?

1
1
160*4021

189*468
56,577
3,106
5,107
25,844
4,957
93,877
171,620
17,848 (3)
(4)
(4)
(4)
(4)
14)
(4)
12!

NOTES CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT- AND INTERMEDIATE-TERM CREDIT
EXTENDED THROUGH REGULAR BUSINESS CHANNELS TO FINANCE THE PURCHASE OF GOODS
AND SERVICES FOR PERSONAL CONSUMPTION, OR TO REFINANCE OEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULEO TO BE REPAID IN TWO OR MORE INSTALMENTS.
MORTGAGE CREOIT GENERALLY IS EXCLUDED. DETAILS MAY NOT ADD TO TOTALS OUE TO
ROUNDING.
(1)
BANK CHECK CREDIT ANO OTHER BANK REVOLVING CREDIT.
(2)
NOT APPLICABLE.
(3)
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, OUE TO DIFFERENT
AGGREGATION METHODS.
(4)
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
•CHANGE FROM END OF FEBRUARY 1976 AMOUNT N.S.A.*
*

LESS THAN $0.5 MILLION* OR LESS THAN 0.05 PERCENT* AS APPLICABLE.




CONSUMER INSTALMENT CREDIT BY HOLDER AND TYPE -

FEB. 1977

( I N MILLIONS OF DOLLARS)

L I

I

E X T E N D E D

Q U I

D A T E D

INSTALMENT CREDIT, BY
1
1
1

HOLDER AND TYPE

FEB.
1977
S.A.

!
1
1

JAN.
1977
S.A.

|
|
|

FEB.
1976
S.A.

1 FEB.
11
1 1977
I i
1 N.S.A. |

FEB.
1977
S.A.

|
1
1

JAN.
1977
S.A.

I
!
1

FEB.
1976
S.A.

1
17,1B6 1

TOTAL

16,8701

15,045 I

14,2781

15,1641

14,9521

11
1
I FEB.
11
1977
II
1 N.S.A. I 1
1

13,923 1

NET I » 0 U T S T A N 0 I N 6
CHG I
F E B . ! 1 END OF CHANGE FROM END
19771 1 FEB.
1 OF FEB. 1976
1977
1 AMOUNT 1 PER
S.A.I 1
!
N . S . A . 1 CENT
CD 11 N.S.A.

14,00111 20221I

178,252 I

17,650 1

11.1

1
»
!
{

BY HOLDER
!
1
1
I
1

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
(2)
OTHERS
(3)

8,055
3,437
2,743 1
2,603 1
347 1

7,5461
3,4311
2,663!
2,7751
4361

7,196
3,018
2,248
2,347
236

I
1
1
1

6,7371
2,789! 1
2,222! 1
2,067!
463!

7,2271
2,9951
2,2031
2,4851
2541

6,9811
2,949!
2,2671
2,5261
2281
1

6,729 I
2,658 1
1,628 1
2,289
219

6,78311
2 , 6 2 3 11
1,93111
2,438! 1
2261 1

829| I
4421 I
540|I
1181 I
931 1

85,005 I
39,8311
3 0 , 7 0 11
18,322 1
4,393 I

3,909

3,9621 1

8841 1

60,774

7,730

14.6

2,370
1,399
970
7831
716
40

2,395| 1
1,3111 1
1,0641 1
7461 1
799| 1
421 1

504|I
239|I
2651 1
1611 I
2131 1
6| 1

35,492 !
19,640 1
15,852 1
13,042
11,690 I
550 1

4,170
1,505
2,665
1,463
1,986
111

13.3
6.3
20.2
12.6
20.5
25.3

264
89

217! 1
80| 1

-26|1
-4311

8,094
3,207

-4361
-1771

-5.1
-5.2

7,046
3,373
5,209
1,553
667

9.0
9.3
20.4
9.3
17.9

f

BY CREDIT TYPE

»
1
5,205

AUTOMOBILE* TOTAL
-.—, • . • , - . . - , , . „ • .

4,9401

4,523

4,406! 1

4,3201

——»

3,075
1,641 1
1,435 1
999
1,075
55 1

COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS
(3)

2,6921
i,544|
1,3491
9641
974|
110|

2,672
1,435
1,238 t
930
861
40

2,602!
1,3851 1
1,217!
815|
9101
79!

2,5711
1,402)
1,1691
8381
8621
491

4,1831

!
2,474|
1,384!
1,090|
866!
8001
431

1
»
1

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
HOME IMPROVEMENT, TOTAL

207
52

195|
501

211
55

1651
39!

2331
96|

236!
67!

457

494|

405

364|

385!

3641

348

350| 1

731 1

8,750 I

777i

9.7

237!

2271

216

2151 1

14|I

5,307 1

4001

8.2

251

COMMERCIAL BANKS

262!

244

162!

BANK CREDIT CARD
BANK CHECK CREDIT
ALL OTHER, TOTAL
COMM. BANKS, TOTAL
PERSONAL LOANS
FINANCE C O S . , TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

(3)




»

1
»
|

REVOLVING

(1)
(2)

1

!

1
1
1

2,332
44B

2,1171
4621

2,012
392

1,685!
406|

2,1611
4161

2,089!
4211

1,881
3741

2,0611 1
3971 1

1701 1
321 1

10,820
3,039

1,413
236

15.0
8.4

8,484

6,6121

7,447

7,012|

7,5531

7,590!

7,058

6,9131 !

9 3 1 11

83,568

8,309

11.0

1,625
1,1S1|
1,9811
1,5561
1,077!
2,2891
86|

1,4971 1
1,0841 1
1,7941 I
1,478! 1
1,0951 1
2,438! !
89| !

134|I
114| !
3201 1
1291 I
3121 !
118! 1
46|I

22,253
15,5901
23,454
18,998 1
18,086 1
1 6 , 3 2 2 11
1,4531

1,267
1,0411
2,106
1,498!
3,0661
1,5531
3171

6.0
7.2
9.9
8.6
20.4
9.3
27.9

1,742
1,2811
2,3791
1,843
1,6121
2,6031
1491

1,618!
1,2131
2,413!
1,787!
1,6561
2,7751
1511

1,665
1,1791
2,030!
1,685!
1»319|
2,3471
66|

I,4961
lti06!1
I,929|
1,474)
1,266»
2,06711
254||

1,6081
1,1671
2,0591
1,714|
1,3001
2,4851
101!

j

!
1,533!
1,1111
2,012!
1,608!
1,4291
2,5261
90|

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGE0FFS, AND OTHER C R E D I T S ) .
EXCLUDES 30-OAY CHARGfc CREDIT HELD BY RETAILERS, OIL AND GAS COMPANIES, ANO TRAVEL ANO ENTERTAINMENT COMPANIES
AMOUNTING TO $2239 MILLION AT THE END OF FEBRUARY.
THIS REPRESENTS AN INCREASE OF $ 3 1 MILLION FROM THE ENO OF
JANUARY ON A SEASONALLY ADJUSTED BASIS ANO A DECREASE OF $70 MILLION ON AN UNADJUSTED B A S I S .
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, ANO AUTO DEALERS.
NOTE:

S.A.

AND N . S . A . DENOTE SEASONALLY ADJUSTEO ANO NOT SEASONALLY ADJUSTED OATA, RESPECTIVELY.