Full text of G.19 Consumer Credit : April 6, 1979

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.••qfcow.*-..

FEDERAL

mm

RESERVE

statistical

release
FOR IMMEOIATE RELEASE
APRIL 6, 1979

G.19 (4211

CONSUMER INSTALMENT CREDIT - FEBRUARY 1979
CONSUMER CREDIT EXPANSION PICKED UP SOMEWHAT IN FEBRUARY BUT REMAINED WELL
BELOW LAST YEARfS PACE. CONSUMER INSTALMENT CREDIT OUTSTANDING INCREASED IN
FEBRUARY BY $3.31 BILLION, SEASONALLY ADJUSTED, EQUIVALENT TO A 14 PER CENT ANNUAL
GROWTH RATE. THE JANUARY GROWTH RATE WAS $3.06 BILLION OR 13 PER CENT, ANNUALLY, WHICH
FOLLOWED A 19 PER CENT EXPANSION FROM DECEMBER 1977 TO DECEMBER 1978.
BOTH NEW EXTENSIONS OF CREDIT AND LIQUIDATION OF EXISTING DEBT ROSE IN
FEBRUARY. EXTENSIONS, REBOUNDING FROM A SHARP DECLINE IN JANUARY, ROSE $658 MILLION
TO $26.20 BILLION. LIQUIDATIONS INCREASED BY A SMALLER AMOUNT THAN EXTENSIONS, TO
$22.89 BILLION, RESULTING IN THE MODERATELY LARGER $3.31 BILLION GAIN IN OUTSTANDINGS.
MOST OF THE INCREASE IN GROWTH WAS ACCOUNTED FOR BY THE LARGE "OTHER" CATEGORY, AS
AUTO CREDIT AND REVOLVING CREDIT EXPANDED A BIT MORE SLOWLY IN FE8RUARY.
fIN MILLIONS OF DOLLARS!
INSTALMENT CREDIT

1 FEB. 1979 | JAN. 1979 1 FEB. 1979 1 FEB. 1978 I LATEST 12 MONTHS
1 (SEASONALLY ADJ.)
KNOT SEAS.ADJ.)
(NOT SEAS. ADJ.}
1

AMOUNT EXTENDED:

1

26,2021

1

1

AUTOMOBILE
REVOLVING C D
MOBILE HOMES
OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:
AUTOMOBILE
REVOLVING (11
MOBILE HOMES
OTHER
AMOUNT OUTSTANDING,
END OF MONTH

25,5441

1

1
1
1
1

7,7561
9,3571
454|
8,635|

7,5451
9,4171
3691
8,2131

1
1

1
1

1
1

I

1
1

22,8941

1
1

1
1
1
1
1
1

3,3081
1
1,5651
317)
56|
1,370|

1
1

1
1

1

C2)

|

22,4831

1
1

3,0611

1

1,6801
4331
401
9081
(2)

1
1

1

21,7971

1

6,579|
7,7211
3621
7,1351

1
1

21,3251

1
1

4721

1

8901
-9301
41
5081

1
1

275,8181

18,9591

1

5,7271
6,7201
3281
6,1841

1
1

18,5381

1
1

4211

1

7511
-6521
-231
3451

1
1

230,5471

305,295
90,908
107,219
6,065
101,103
259,771
45,524
(4)
(4)
(41
(4)
(2)

NOTE; THE BOARD1S SERIES COVERS MOST SHORT- AND INTERMEDIATE-TERM CREDIT EXTENDED
TO, INDIVIDUALS THROUGH REGULAR BUSINESS CHANNELS, USUALLY TO FINANCE THE
PURCHASE OF CONSUMER GOODS AND SERVICES OR TO REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID (OR WITH THE OPTION OF REPAYING!
IN TWO OR MORE INSTALMENTS. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
CREDIT CARDS AT RETAILERS, GASOLINE COMPANIES AND COMMERCIAL BANKS, AND
(i)
CHECK CREDIT AT COMMERCIAL BANKS.
NOT APPLICABLE OR NOT AVAILABLE.
(2)
(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, DUE TO DIFFERENT
AGGREGATION METHODS*
(4) FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEAOING
"CHANGE FROM END OF FEBRUARY 1978 AMOUNT N.S.A."




(3)

CONSUMER INSTALMENT CREDIT BY HOLDER AND TYPE -

FEB. 1979

(IN MILLIONS OF DOLLARS}

E X T E N D E D

L I

It

Q U I

1 I NET | 1 0 U T S T A N 0 I N G

D A T E D

INSTALMENT CREDIT BY
JAN.
1979
S.A.

I
|
|

1

FEB.

f

1
I
1

1979
S.A.

I
I
1

TOTAL

1

26,202!

BY MAJOR HOLDER

1
1
1

1
1
1

1
I
1

1
1
1
!
1
I
1

12,4301
4,8221
3,2381
3,460!
4681
1,486!
2981

I
!

1
1

12,1531
4,5471
3,241|
3,5651
4811
1,4401
1171
I
1

HOLDER AND TYPE

1

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS ( 2 )
SAVINGS AND LOANS
GASOLINE COMPANIES
MUTUAL SAVINGS BANKS

I
1

BY MAJOR CREDIT TYPE

1

7,7561

I
1
1
1
1
1

1
4,4301
2,472|
1,9581
1,624!
1,7021

AUTOMOBILE

i

COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE COMPANIES

i

•

COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES
MOBILE HOMES
COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNIONS

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
SAVINGS AND LOANS
MUTUAL SAVINGS BANKS

(1)
(2)

7,5451

i

4,2861
2,3181
1,9681
1,635|
1,624|

1

II
II-

1
1
1
i

10,792!
3,6981
3,086!
3,2321
367|
1,3451
2381

i
1

1
1
6,7301
j
4,0941
2,281|
1,8131
1,5041
l,132f

|

1

9,4171

||
It
It

22,758!

i

1
1

FEB.
I
1979
|
I N.S.A.

8,147|

1

21,797||

II
II
1!
li
10,367||
3,895||
2,760||
2,81011
41411
lt288||
263 11

II
V!
If
6,579||
II

3,81611
2,150||
1,66611
1,395||
1,36811
If
7,72111

I

1

!

I

4,8601
3,0111
1,4861

4,799!
3,1781
1,4401
1

1

4541

369|

I

I

|
1
1
I

2$5|
60|
81!
18|

2351
33!
881
131

245|
59|
85!
16|
i

t!
23611
43! I
69||
14]|

1

8,6351

8,213!
I

7,4761

f!

i

1

OTHER

25,5441

i

9,3571

REVOLVING

!

i

i
1

FEB.
1978
S.A.

1
|
1
1
1
I

j

2,845!
3,0601
t,596|
449|
387|
2981

i

2,8331
2,8901
1,5931
387|
3931
1171

3,893!
2,909|
1,345!
I
405|

f

f

2,5601
2,507|
1,566!
323|
2821
238|

!!
3,99411
2,43911
1,288(1

II
362H

7,135||

If

2,32111
2,48411
1,35111
3711!
34511
26311

FEB.
1979
S.A.

1
|
I

1
!22,894|

JAN.
1979
S.A.

1
1
1

FEB.
1979
I N.S.A.

S.A.

I

22,4831

19,8961

1
1
!

1
1
I

i

i

1

1

10,823!
3,2061
2,8811
3,655!
414|
1,3401
164|
I
1

I
1

1
1

i

|
|

I

1
I
1
10,800f
3,6i7|
2,8361
3,6811
3821
l,418|
160|

FEB.
1978

9,149|
3,147|
2,457!
3,427|
291|
1,2931
1321

1

1

!
!

! CHG I
I I F E B . ! | END OF ICHANGE F ROM END
I OF
FE9 . 1978
I I 19791 1 FEB.
1979
I AMOUNT!
PEP.
! 1 S.A.I 1
1 1 ( 1 ) 1 1 N . S . A . 1 N . S . A . | CENT

2 1 , 3 2 5 1 1 33081 I

275,818 1 45,271|

19.6

1 0 , 1 4 8 1 1 16301 1 1 3 6 , 6 7 1 I 2 3 , 4 6 6 !
5 5 , 7 2 8 1 lOffc?^!
3 , 1 7 1 | I 12051 1
4021 1
45,6611
7,903!
2,6251 !
23,2461
1,377!
3,5261 I -2211 1
86| j
8,488 !
3531 !
1,0701
68| 1
3,274 1
1,352| 1
295|
138| 1
2,750 1
1501 1
5311
i
i i
1I
I

20.7
23.6
20.9
6.3
14.4
9.9
23.9

11
11
11
1 |

11
11

6,191|

5,8651
j

5,397|

5,6891 I
j

3,691|
1,942!
l,749|
1,434|
1,0661

3,6531
l,931|
1,7221
1,4481
764|

3,3331
1,814|
1,519!
1,2321
832!
i
1
7,698!

3,4451
1,817|
1,628!
1,3301
914|

j
9,0401

1
4,3681
3,254|
1,418|
i

3981

1
2801
511
531
14|
j
7,2651
j
2,4611
2,5001
1,3881
427|
329|
1601

i

8,984!

I
4,424!
3,2201
1,3401
t

3291

1
223 1
26|
69|
11!

i

!
3,395|
3,0101
1,293!
i
1
389|

!

j

244|
68|
671
101

7,3051

6,4121

2,5231
2,4161
1,4221
4351
3451
1641

2,1771
2,247|
1,215|
417|
224|
1321

j

j

t
1
1

1
1
1
1
1
1

8,6511

1

i

!
!

15651 1 1 0 3 , 7 8 0 I

19,9541

23.8

61,053 1
34,261 1
26,792 !
21,834 1
20,893 1

10,8411
6,4321
4,409|
3,7091
5,404|

21.6
23.1
19.7
20.5
34.9

45,586 I

7,443!

19.5

24,502 1
17,810
3,274 1

5,9011
1,247|
295j

31.7
7.5
9.9

16,008 1

938|

6.2

j

7391
530!
209|
1901
636!
i

1
I
1
1
1

3171

1
4921

4,169! 1
-243!
3,1301
1,352! 1
68|
»
i j
1 1
5
6
|
3581

(1

II

151
9||
281
4||

2521
45||
4811
13| (

jj

2,282!I
2,2121!
It282|»
3961 |
305||
150M

4.8
2.8
13.2
20.6

110,444!

16,9361

18.1

41,621
31,6881
23,341!
5,4361
5,6081
2,7501

6,290!
5,1401
4,111!
1301
734|
5311

17.8
19.4
21.4
2.5
15.1
23.9

f i

i |

6,627!I

43M
85}
336|
83!

9,495
3,147
2,880
486

137011

i 1

1 I
384| 1
560||
208||
221!
58fl
13811

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGEOFFS, AND OTHER CREDITS).
INCLUDES AUTO DEALERS AND EXCLUOES 30-DAY CHARGE CREDIT HELD BY RETAILERS, AND TRAVEL ANO ENTERTAINMENT COMPANIESNOTE:




S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTEO DATA, RESPECTIVELY.
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.