Full text of G.19 Consumer Credit : January 8, 1980

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FEDERAL RESERVE statistical release
•f^LRES?:FOR IMMEDIATE RELEASE
JANUARY 8,1980

G.19 (421)

CONSUMER INSTALLMENT CREDIT - NOVEMBER 1979
CONSUMER INSTALLMENT CREDIT OUTSTANDING EXPANDED IN NOVEMBER, AFTER
SEASONAL ADJUSTMENT, SOMEWHAT FASTER THAN IN OCTOBER, BUT STILL WELL BELOW THE ANNUAL
PACE OF 15 PERCENT RECORDED IN THE FIRST HALF OF THE YEAR. THE ANNUAL RATE OF GROWTH WAS
JUST UNDER 10 PERCENT IN NOVEMBER FOLLOWING A 9 PERCENT GAIN IN OCTOBER.
INSTALLMENT
CREDIT HAD GROWN BY 19 PERCENT FOR ALL OF 1978.
CREDIT EXTENDED AND LIQUIDATION OF EXISTING DEBT BOTH DECLINED FAIRLY
SHARPLY DURING NOVEMBER. LIQUIDATIONS, AT $24.06 BILLION, SEASONALLY ADJUSTED, FELL
TO ABOUT THE SEPTEMBER LEVEL AFTER REACHING A RECORD IN OCTOBER, BUT EXTENSIONS MOVED
LOWER FOR THE SECOND CONSECUTIVE MONTH. EXTENSIONS TOTALED $26.46 BILLION, ALMOST
8 PERCENT BELOW THE HIGH IN SEPTEMBER.
THE PATTERN OF LOWER EXTENSIONS COUPLED WITH LOWER LIQUIDATIONS WAS BROKEN
ONLY BY REVOLVING CREDIT, WHICH EXPERIENCED SMALL INCREASES IN BOTH EXTENSIONS AND
LIQUIDATIONS.

(IN MILLIONS OF DOLLARS)
INSTALLMENT CREDIT
AMOUNT EXTENDED:
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:

NOV. 1979 | OCT. 1979 | NOV. 1979 | NOV. 1978 lLATEST 12 MONTHS
(NOT SEAS.ADJ.)
I(NOT SEAS.ADJ.)
(SEASONALLY ADJ.)
|
26,4641

27,6951

26,2391

25,7071

I

I

I

I

7,0661
10,6131
5151
8,2701

7,6761
10,4241
5821
9,0131

6,5721
11,007|
497|
8,1631

7,334|
9,5251
4861
8,3621

I
I

I
I

I
I

24,0571

25,5091

23,8151

I
I

I
I

22,0871

284,691

I
I
2,4071

2,1861

I
I

I
I

I

2,4241

38,203

I

3,6201

533i
7991
1031
9721

487!
664|
1501
8851

AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT OUTSTANDING,
END OF MONTH

1
I
I

I
I
I

I
2451
1,1771
1051
8971

I
I

I
1,4061
9431
911
1,1801

I
I

322,894
92,360
119,743
6,398
104,393

(4)
(4)
(4)
(4)

(2)
269,4361
307,6411
NOTE: THE BOARD»S 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 REPAYMENT)
IN TWO OR MORE INSTALLMENTS. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
CD
CREDIT CARDS AT RETAILERS, GASOLINE COMPANIES AND COMMERCIAL BANKS, AND
CHECK CREDIT AT COMMERCIAL BANKS.
(2)
NOT APPLICABLE OR NOT AVAILABLE.
(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 HEADING
"CHANGE FROM END OF NOVEMBER 1978 AMOUNT N.S.A."




(2)

(2)

(3)

CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE -

NOV. 1979

CIN MILLIONS OF DOLLARS)

INSTALLMENT

CREDIT

1
| -•

BY

1
HOLDER AND TYPE

1
1

i

— — . — „ — _ - , _ . . . « . — „ . . . . _ . . _ . « « . |««,

TOTAL

|

E X T E N D E D
•

—

NOV*
1979
S.A*

|
I
I

OCT.
1979
S* km

|
!
(

NOV.
1978
S.A.

!
———
—2—6—
—
—
—
i - 2 7 , 6 9 5 ! -—2—
,464|
5,956

I

1

NOV.
1979
N.S*A.

| I
II
! 1

NOV.
1979
S.A*

]
I
j

OCT.
1979
S.A.

|
1
1

NOV.
1978
S.A.

|
NOV.
|
1979
1 N.S.A.

« — • — — — — » |

26,2391 1

24,057

25,509|

22,124|

!
1
1
|
I
I
r

11,738!
5tl05!
2s8Q8j
4,1611
6061
1,9131
133!

NET 1 ! O U T S T A N 0 I N G
CHG | | | | N O V . I I END OF | CHANGE FROM END
| | 197911
NOV.
| OF
NOV. 1 9 7 8
1979
| AMOUNT 1
PERS1 S.A.11
I I (1) 11 N . S . A . | N . S . A . I CENT

1|

23,8151|

240711

II
1!
11
i i

1

COMMERCIAL BAN^S
F I N A N C E COMPANIES
C R E D I T UNIONS
RETAILERS ( 2 1
SAVINGS AND LOAMS
GASOLINE COMPA?JIiS
MUTUAL 3 A V I N G 3 •lk$'\$

1!

L I Q U I D A T E D

1
1
1

1
BY MAJOR HOLDER

1

j|

—

12*7181
5,6421
2,942!
3,930!
571!
1,773!
119!

12,211
4,519
3,530
3,571
489
1,376
260

11,141!
5,219!
2,699|
4,562!
6221
1,860!
136!

!
1
1
1
1
!
1

11,455
3,765i
2,852j
3,6841
4631
1,695
143

11,9471
4,566f
3,0941
3,5951
495!
1,651|
1611

10,5511
3,503!
2,7511
3,3851
401|
1,377!
1561

1 1
2831!
11,2361|
3 , 7 4 7 1 1 134011
-441 \
2,79611
47711
3,69011
4541 1
14311
lt753l1
21811
139! |
-101!
1 1

^

AUTOMOBILE
COMMERCIAL BANKS
I N D I R E C T PAPER
D I R E C T LOANS
C R E D I T UNIONS
F I N A N C E COMPANIES
REVOLVING
COMMERCIAL SANK?
RETAILERS
GASOLINE COMPANIES
MOBILE

__

HOME

.....
COMMERCIAL BAWC5
FINANCE C G ^ l N E : :
SAVINGS ANO LGZAS
CREDIT U M I O S

I
|
S
I
1
!
I
I
I

7.788

6,572! 1

6,533

7,189!

6 , 03 31

4,185!
2,376!
1,809!
1,434!
2,0571

4.503
2,422
2,081 1
1,718!
1,567

3,315!
1,796!
1,519|
1*353!
1,904!

3,716
1,969|
1,747|
19423|
1,394

3,9821
2,1391
1,8431
1,5131
1,694!

3,664!
1,9821
1,682!
1,3546
1,015!

9,814

9,7601

8,511!

10,424!
5,165!
3*486!
1*773!

\

!

1
*
i
I

294!
69|
i39|
131
i

374!
831
1141

3,270!

9,013!

I

™ — -™ - . ~

|

(2)

10,612!
1
5,914!
3f686!
1*913!

i i

7,676!

5151

f
1

(1)

I
7,0661
1
3*640!
2,009!
1,6311
1,399!
2,027!
2

I

OTHER
COMMERCIAL BANKS
F I N A N C E COMPANIES
C R E D I T UNIONS
RETAILERS
SAVINGS AND LG&MS
MUTUAL SAVINGS SAH'^Z

1 1

i

1
\
1
\
1
I

582!

Hi

9,176
4,702
3,098
1*376 <
486
280
77!
108
21

1
1
1
1
1

11,007! i
5,044! I
4,103! 1
1,860| S
497! j

4,878
3,241
1*695

4,912!
3,1971
1*6511

4,146|
2,9881
1,3?7|

412

432 1

411!

1
!
!
1

261
50
87
14

2691
56|
931
14)

2611
621
74|
14|

8,163! 1

7,298

8,1281

7,1691

273!
70!
142!
121

i

8,506

j

I
2,7901
3,009!
1,396!
475!
467f
1331

2,994!
3,502!
1,4971
4441
457|
119|

2,726
2,8751
1,7911
473
381
260

2,509|
3,2451
1,3341
459!
4801
136!

1
1
!
(
1
1

2,600
2,321
1,415
443
376 1
143

2,784|
2,8161
1,567!
398!
4021
1611

2,4801
2,4261
1,3831
397!
3271
1561

38,2051

14.2

149,0571
67,164!!
48*6731
25,7321
10,2411
4,2811
2,4931

15t149|
14,0741
3*3681
2,7261
1,9501
1,1081
-1701

11.3
26.5
7.4
11.8
23.5
34.9
-6.4

13,5561

13.3

5,2991
3,6251
1,6741
1,6111
6,6461

8.8
10.8
6.3
7.4
34.0

8,5371

19.6

27,827 1
19,952
4,281 1

5,1031
2,3261
1,1081

22.5
13.2
34.9

17,349 1

1,3321

8.3

1
1
1
1

464!
l?ll
6621
351

4.8
5.4
23.5
7.3

123,111 I

14,7801

13.6

1
1
1
I
1
1

4,2831
7,2571
1,7221
4001
1,2881
-1701

10.4
23.9
7.4
7.4
23.5
-6.4

II
II
II

i i

BY MAJOR C R E D I T

307,641!

II
II
II
1!

1 1
5331! 115,121
6,327!1
iI •i
II
65,646
-76 |l
3s642 r > !
37,334
40H
1,931!I
28,312
1,711? | - 1 1 6 1 1
23,2?5|
-2'>H
lt*OOJ1
26,200
63311
1,285!1
1!
11
9,830!I
79911 5 2 , 0 6 0
i i

1 1
4,817!I
3,260!|
l,?53f I
!1
3921 I
2501 ]
441 (

85*11
13||
1 1
1 l
7,2661j
2,527!|
2,418||
I f 3831 |
430| |
369| j
1391 |

II
136H

445||
218! H
y j

103 1 !

M
3311

19|j

5211
-HI
II
972 | j

10,036
3,321
3,475
517

11
1901!
68811
-19||

3211
9111

-ion

45,548
37,643
24,881
5,780
6,766
2,493

NET CHANGES ?21 AU„ "-13'37HS EQUAL EXTENSIONS MINUS LIQUIDATIONS PREPAYMENTS, CHARGEOFFS, AND OTHER CREDITS).
INCLUDES AU''D DEALERS AMD EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILERS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.

NOTES S.AS kl^D N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.

http://fraser.stlouisfed.org/ DETAILS HAY NOT ADD TO TOTALS DUE TO ROUNDING.
Federal Reserve Bank of St. Louis