Full text of G.19 Consumer Credit : July 8, 1977

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' C* GOV/

FEDERAL

RESERVE

statistical

release

• f**L "*»£*:.

FOR IMMEDIATE RELEASE
JULY 8* 1 9 7 7

G.19

CONSUMER INSTALMENT CREDIT -

MAY 1 9 7 7

CONSUMER INSTALMENT CREDIT EXPANDED $ 2 . 5 3 B I L L I O N IN MAY, AFTER SEASONAL
ADJUSTMENT* FOLLOWING APRIL 9 S $ 2 . 6 6 B I L L I O N GAIN AND THE RECORD $ 2 . 7 2 B I L L I O N
INCREASE I N MARCH. CREDIT NEWLY EXTENDED WAS $ 1 7 * 9 0 B I L L I O N * DOWN A L I T T L E FROM
APRIL*
LIQUIDATIONS OF EXISTING DEBT EDGED DOWN SLIGHTLY TO $ 1 5 * 3 8 B I L L I O N *
AUTO CREDIT EXTENSIONS SLOWED 10 $ 5 * 4 5 B I L L I O N I N MAY, WHILE LIQUIDATIONS
WERE INCREASING TO $ 4 * 3 5 B I L L I O N , RESULTING IN A $ 1 * 0 9 B I L L I O N NET GAIN I N AUTO
CREDIT OUTSTANDING v ABOUT $ 8 0 MILLION LESS THAN THE APRIL GAIN*
AS I N APRIL t THE
U R G E "ALL OTHER* CATEGORY EXPANDED $ 1 * 0 8 B I L L I O N *
BANK-CARD CREOIT ROSE
$ 1 7 6 M I L L I O N WITH CHECK CREDIT ADVANCING $ 9 0 M I L L I O N AND HOME IMPROVEMENT CREDIT
$108 M I L L I O N . MOBILE HOME CREDIT CONTRACTED $ 1 7 M I L L I O N AFTER A SLIGHT RISE I N
APRIL*
( I N MILLIONS OF DOLLARS!
INSTALMENT CREDIT, TOTAL
AMOUNT EXTENDED:
AUTOMOBILE
M 0 8 I L E HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING ( I I
ALL OTHER
AMOUNT LIQUIDATED
NET CHANGE I N AMOUNT
OUTSTANDING:
AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING ( 1 )
ALL OTHER

AMOUNT OUTSTANDING,
END OF MONTH

MAY 1977 | APR. 1977 | MAY
1977 I MAY
1976 | LATEST 12 MONTHS
(SEASONALLY ADJ* >
I
(NOT SEAS. AD J . )
KNOT SEAS.AD J * )
1 7 , 9 0 21

I
5*4451
300|
506|

2,5211
4861
8*6441

I
I

15*3761

I
I

2,5261
I
lt091|

~17|
108|
176|
90|

1*078|
I
I
(2)
I

18,0771
I
5,474|
318|
488|
2,509|
4521
8,8361

I
I

15,4181
I
I
2*66 0|

I
It 174|
21
106|
2V6|
49(
lt083|

(2)

I
I
I

18,6221

15*229 I

198*238

5*794|
323|
592|
2,3971
4581
9*058|

4*7091

59*336
3*259
5*363

15*6111
I
I
3,011|
I

13*4591

I

I
I

1,3681
-4|
188|
54|
49|

1,3561
I
I
18 5,2501

2551
445 I
lt904|
3821

7*535|
I
I

I
I

1*7701
I
912|
-46|

123|
60|

II
7201
I
I
164*1011

27*027
5*142
98*111
177*059
*1*179 (3)
(4)
(4)
(41
(4)
(4)
(4)
(21

NOTE: CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT - AND INTERMEDIATE-TERM CREDIT
EXTENDED THROUGH REGULAR BUSINESS CHANNELS T 0 FINANCE THE PURCHASE OF GOODS
AND SERVICES FOR PERSONAL CONSUMPTION* OR ID REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID IN TWO OR MORE INSTALMENTS*
MORTGAGE CREDIT GENERALLY I S EXCLUDED. DETA I L S MAY NOT ADD TO TOTALS DUE TO
ROUNDING.
(1)
BANK CHECK CREDIT AND OTHER BANK REVOLVING C R E D I T .
(2)
NOT APPLICABLE.
(3)
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUT STANDINGS APPEARS ALSO ON THE NEXT
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VAR Y SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODS.
(4)
FOR VALUES SEE THE NEXT TO LAST COLUMN ON TH E NEXT PAGE UNDER THE HEADING
•CHANGE FROM END OF MAY 1976 AMOUNT N . S . A # »




CONSUMER INSTALMENT CREDIT BY HQID ER AND TYPE -

MAY

1977

U N MILLIONS OF DOLLARS)

L I Q U I

E X T E N D E D

D A T E D

INSTALMENT C R E D I T , BY
1
HOLDER AND TYPE

MAY
1977
S.A.

APR.
1977
S.A.

1

MAY
1976
S.A.

I MAY
|
1977
1 N.S.A.

|1
|I
|1

APR.
1977
S.A.

MAY
1977
s. A.

|
I
|

MAY
1977
N.S.A.

MAY
1976
S.A.

1
17,902

TOTAL

18,0771

15,041|

18,622! 1

15 , 3 1 6

1 5 >418|

1

8,524
3,364
2,922
2,759
333

8,670
3,4421
2 , 9 3 3 11
2,7221
3101

7,223|
2,776|
2,4481
2,3131
2801

8,824| 1
3,582 11
3,0281 1
2,7841 1
404|

7 ,474!
2 ,848|
2 ,242|
2 ,561 |

5,445

5,474

4,4711

5,794| 1

4 ,354 -

7 >37 5|
2 , .88 31
2,, 3 7 7 1
2 i - 53 1 |

2521

251

I
1

BY CREDIT TYPE
AUTOMOBILE, TOTAL
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS
(3)

1
1

3,131
1,636
1,496 1
1,130 1
1,120
63

3,243
1,735|
1,507

i,no|

1,072
49

2,616|
1,413|
1,204|
914|
892|
49|

3,3701 1
1,7651 1
1,6061 1
ltl84|
1,174 |
66|

2 »592
1,4011
1 ,192
860
856
46

15,6111 I

NET | i a u T s T A N D I N G
CHG |
MAY | 1 END OF CHANGE FROM END
1976
19771 1 MAY
| OF MAY
S.A.I 1
1977
|1 AMOUNT|
PER
CENT
I D 1I N.S.A. | N.S.A. |
25261 1

185,280

21,17V

12.9

1
1
1
1

BY HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
(21
OTHERS
13)

13,566

|1
1
| 1
| 1
| 1
I

4
2,

1
1
r300|

1
,5571

l i , 3 7 81

1 ,178|
82 8 |
869|
471

6,510
2,619
1,927|
2,308|
202!

7,540|
2,990|
2,2361
2,5871
258|

1 10501 1
1
516| f
1 679| 1
1
198|I
1
8211

88,7691
40,9531
32,704|
18,4021
4,4521

6 ,984
3,9311
5,7291
1,937|
5981

11.3
10.6
21.2
11.8
15.5

3,819

4 , 4 2 7 1 1 10911 1

64,551!

9,067!

16.3

2,276
1,3031
973
792
711 1
39

2,6061
1,410|
1,196|
904|

5,246!

1
1
1
1
8711 1
46| 1

539|1
2351I
3041I
270|1
2651 1
171 1

37,910!
20,8231
17,0*71
13,627 1
12,455 1
559

3,094{
lt547|
2,186!
88

16.1
11.5
22.1
12.8
21.3
18.7

219
67

2471 1
79| 1

5||
-22|1

8,123
3,155

-285
-181

-3.4
-5.4

314

4031 1

1081 f

9,111

902

11.0

197

244| 1

561 1

5,531

483

9.6

2,1521

I
1
1

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
HOME IMPROVEMENT, TOTAL 1

251 1
49

260
58

1821
49|

266|
57|

246
71

243|

506

488 i

385|

5921

398

3821

731
1
1

COMMERCIAL BANKS

298

301

2331

3511

242

2361

REVOLVING
BANK CREDIT CARD
BANK CHECK CREDIT
ALL OTHER, TOTAL

1
1
1

2,521
486

2,509
452

2,103|
422|

2,3971 1
4 581

2 ,345 !
396

2 »264|
4031

1,911 1
378 !

2,344| I
409| 1

1761 1
90|1

10,931 1
3,094

1,526 !
317 1

16,3
11.4

8,644

8,836

7,429|

9,058 1I

7 ,567

7 .7531

6,859 1

7,7021 1

10781 1

86,315 1

9,831 !

12.9

1,529
1,091
1,758
1,445
1,185
2,308
79

1,690|
1,236|
lt999|
lt521|
1.3221
2,587|
104|

1831 1
1411 I
269|!
21211
395|1
1961 I
321 1

23,180 1
16,180 \
24,043 I
19,524 i
19,264 1
18,402 1
lt426I

It695 1
1,309 1
2t577 1
1,893 I
3,370 I
lt937 1

7.9
8.8

1
COMM. BANKS, TOTAL
PERSONAL LOANS
FINANCE C O S . , TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

(1)
(2)

(3)




I
1
1

1,837
1,349
2,178
1,680
1,740 1
2,7591
130

1,905 !
1,389 1
2,268
1,775
1,803 1
2,72211
139 1

1,6671

1,2031
1,810|
1,4651
1,5111
2,3131
127|

1,9821 1
1,4121 1
2 , 3 3 3 11
1,8101 1
1,7871 1
2,7841 1
172 1

1,653
1 ,208
1,909
1,468
1 ,345
2 ,561
98

1
1
1
1

1 .6741
1r229»
1, 9 7 6 1
1r524|
1, 4 6 7 1
2 ,5311
1051

1
I
1
1
t
1
1

1
1
1
1
1
1
1

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGEOFFS, AND OTHER C R E D I T S ) .
EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILERS, OIL AND GAS COMPANIES, AND TRAVEL AND ENTERTAINMENT COMPANIES
AMOUNTING TO $ 2 2 9 4 MILLION AT THE END OF MAY.
THIS REPRESENTS AN INCREASE OF $ 2 3 MILLION FROM THE END OF
APRIL ON A SEASONALLY ADJUSTED BASIS AND A DECREASE OF $9 MILLION ON AN UNADJUSTED B A S I S .
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.
NOTE:

S.A.

AND N . S . A . DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA,

RESPECTIVELY.

252 1

12.0
10.7
21.2
11.8
21.5