Full text of G.19 Consumer Credit : March 8, 1976

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL

RESERVE

statistical

release
FOR

^MEDIATE RELEASE

MARCH 8 ,
CONSUMER INSTALMENT CREDIT -

1976

JANUARY 1976

CONSUMER INSTALMENT CREDIT OUTSTANDING ROSE I N JANUARY BY $ 1 . 2 9 B I L L I O N , AFTER
SEASONAL ADJUSTMENT, COMPARED WITH AN INCREASE OF $894 MILLION I N DECEMBER. THE JANUARY
RISE WAS THE LARGEST INCREASE SINCE THE $ 1 . 4 8 BILLION INCREASE OF AUGUST 1 9 7 4 . AMONG
MAJOR CREDIT TYPES, AUTOMOBILE CREDIT OUTSTANDING GAINED $488 MILLION I N JANUARY - LESS
THAN THE $ 5 4 0 MILLION REGISTERED IN DECEMBER, BUT ABOVE ALL OTHER MONTHS SINCE
SEPTEMBER 1 9 7 3 .
CREDIT OUTSTANDING FOR "ALL OTHER" PURPOSES - I E . , RETAIL STORE CREDIT
AND MERCHANDISE-SECURED OR "PERSONAL" CASH LOANS BY FINANCIAL INSTITUTIONS - WAS
EXTREMELY ACTIVE, WITH AN INCREASE OF $625 MILLION EXCEEDING ALL OTHER GAINS SINCE THE
SUMMER OF 1 9 7 4 .
AS HAS BEEN THE CASE FREQUENTLY SINCE THE END OF 1 9 7 4 , MOBILE HOME
CREDIT AT BANKS AND FINANCE COMPANIES EASED LOWER - BY $54 MILLION I N JANUARY. THE NET
EXPANSION I N REVOLVING CREDIT, HOWEVER, AT $130 M I L L I O N , WAS ABOVE ANY OF THE PAST
12 MONTHS.
SEASONALLY ADJUSTED EXTENSIONS AND LIQUIDATIONS OF INSTALMENT CREDIT BOTH EDGED
TO NEW HIGHS I N JANUARY, AT $ 1 6 . 2 1 BILLION AND $ 1 4 . 9 1 B I L L I O N , RESPECTIVELY.
EXTENSIONS
WERE LIFTED BY A SURGE TO $ 8 . 7 1 BILLION I N THE "ALL OTHER" CATEGORY AND BY A NEW HIGH OF
$ 4 . 5 1 BILLION IN AUTOMOBILE CREDIT LENDING. LIQUIDATIONS OF AUTO CREDIT ALSO ATTAINED A
NEW H I G H .
CONSUMER INSTALMENT CREDIT -•

JAN. 1976

( I N MILLIONS OF DOLLARS)
INSTALMENT CREDIT, TOTAL

AMOUNT EXTENDED:
AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING C D
ALL OTHER
AMOUNT LIQUIDATED:

I
I
I
I
JAN. 1976 | DEC. 1975 I JAN. 1976 I JAN. 1975 |
(SEASONALLY A D J . )
|
(NOT SEAS.ADJ.)
|

I
16,2051
I
4,5111

I
15,2951
I
4,4051

2871
459|

2911

418|

1,8401

1,7191

8,7111
I
I
14,9101

14,4031

1,2951

I
I

I
I

AMOUNT OUTSTANDING,
END OF MONTH:

XXXXXXX

I
II

I
I

I
I

14,9801

13,6381

I
i

I
I

-1,0741
I
I
160,7451

II
I

169,411

2,8301
2231
2221
1,699|
376|
5,976|

3,6011
2021
304|
1,948|
408|
7,4431

8921
XXXXXXX

I
11,3271

I

4121
8,0511
I
I

3971

NET CHANGE I N AMOUNT
OUTSTANDING

I
13,9071

12 MONTHS
ENDING
JAN. 1976

-2,3111
I
I
155,790)

47,300
3,347
4,417
19,815
4,246
90,286
164,456
4,955
156,569

HOLDER SHARES OF INSTALMENT CREDIT
( I N PER CENT)
HOLDER

SHARE OF EXTENSIONS
1 MONTH-END SHARE OF OUTSTANDINGS
1
(SEASONALLY ADJ.)
(NOT SEASONALLY AOJ.)
1
I JAN. 1975 1 OEC. 19751 JAN. 1976 1 JAN. 19751 D E C . 19751 JAN. 1976

1
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS (3)
OTHERS (4)




1
1
1
1

43.31
23.91
14.5 1
16.71
1.6!

1

1
44.4|
23.11
15.6|
15.9!
1.0|
!

1
41.3|
26.11
13.9!
15.9|
2.8|

1

1
46.21
24.61
14.11
11.01
2.11

1

1
46.8|
24.11
15.71
11.31
2.11

1

46.9
24.1
15.7
11.1

2.2

(2)

INSTALMENT CREDIT AT RETAILERS
SEASONALLY ADJUSTED NET CHANGE, QUARTERLY

MILLIONS OF DOLLARS

T

q 200

1975

CONSUMER

INSTALMENT CREDIT BY HOLDER AND TYPE

JAN. 1976

(IN MILLIONS OF DOLLARS)

E X T E N D ED

L I

Q U I D A T E D

INSTALMENT C R E D I T , BY |
I

JAN.
1975
S.A.

TOTAL

I

12,8461

15,2951

BY HOLDER

1
5,5661
3,0661
1,859|
2,150|
205|

6,7961
3,5301
2,3811
2*4311
1581

HOLDER AND TYPE

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

I

|
|
|

DEC.
1975
S.A.

1
|
|

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

I

3,334|

4,405)

lt872|
1,109|
7631
7221
713|
27|

2,5911
l t 4 50|
1,I41|
8971
875|
421

200|
1011

2031
881

1
1
j
209|
791

288|

4181

177|

2531

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
HOME IMPROVEMENT, TOTAL
COMMERCIAL BANKS
REVOLVING

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

(1)
(2)

(3)

459|
1
2311
i

lt581|
3511

lt719|
4121

1

6,993|

8,0511

1
1
1,8401
3971
j
8,7111

!
1
[
1
1

1,3861
lrOOll
2,232|
1,461|
ltl22|
2,150|
1021

lt619|
1*178|
2,5271
1*5131
1,4611
2»431|
141

1,6491
ltl45|
3*139|
1,9801
1,141|
2,5781
2041

BANK CREOIT CARD
BANK CHECK CREDIT
ALL OTHER, TOTAL

|
JAN.
|
1976
| N.S.A.
1

16,2051
1
1
1
1
6,687|
4,2311
2,2531
2,5781
456|
1
1
1
1
4,511|
1
2,3611
1,314|
1,0471
9871
1,068|
951

BY CREDIT TYPE
AUTOMOBILE, TOTAL

JAR.
1976
S.A.
•*

1

|
|
|

JAN.
1975
S.A.

|
I
|

DEC.
1975
S.A.

1
|
|

JAN.
1976
S.A.

13,9071

13,2771

14,4031

14,910

6,1101
3,494|
1,825|
2,1331
345.1

5*8961
3,3321
1,6631
2,2031
184|

6,4881
3,4961
1*9101
2,306|
2021

6*479
3,971
1*866
2,393
202

3,6011

3,6041

3,8651

4,023

1,9881
1,097|
890|
7421
808|
63|

2,2611
1,342 1
9191
699|
611|
331

2,3311
1*4021
9281
8081
6911
36|

2,405
1,274
1,131
712
865
41

JAN.
1976
N.S.A.

I 1
1
|1
|1
| 1
1

14,9801 1
1
1
1
1
6,4771 1
3,6891 1
1,9291 1
2,690| 1
195| 1
1
1
1
3,911| 1
1
2,3231 1
1,2171 1
1,106| 1
699| 1
849| 1
401 1

1
1
1

NET | | O U T S
CHG M J A N . | | END OF
1976M
JAN.
S.A.M
1976
(1) I I N . S . A .

II
II
II

243|
991

266|
981

235
107

215| 1
96| 1

-26||
-28||

8,3511
3,464

304|

346|

3951

353

196|

2121

201

106||
II
30|»
II
II
II
107H
2311
II
62511
II
U 8 | |
10011
20||
4011
17311
18511
129||

8,263

156|

3421 1
1
192| 1
1
1
1
1,876| 1
380| 1
1
8,160| 1
1
1*4911 1
1*0211 1
2,860| 1
1*774| 1
1*0491 1
2,6901 1
70| 1

1,9481
4081

1,419|
3361

1,7681
399|

1,733
374

7,443|

7,230|

7,6111

8,086

1,463|
1,034|
2,674|
1,630|
990|
2,1331
1831

1,4411
1,0171
2,4951
1,633f
1,025 1
2*203|
66|

1*5121
1,0291
2,531|
1,4901
1,1871
2,306|
751

1,531
1,045
3,119
1,940
968
2,393
75

I
1
1
1
1

CHANGE FR
OF J A N . 1975
AMOUNT|
PER
N.S.A.|
CENT

1295M 1 6 0 , 7 4 5
II
II
II
II
20811 7 5 , 3 4 2
260||
38,737
38711 2 5 , 2 5 0
18511 1 7 , 7 7 1
254M
3*645
II
II
II
468||
53,318
II
-4411 2 9 , 8 6 2
4 0 | | 17,5001
-84||
12,3631
13,4071
275||
203M
9,612|
54||
4371

1461
56|

1

T A N D I N G

II

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




3.1

2641
3971
3,2841
5991
411|

•4
1.0
13.0
3.4
11.3

1
1
1
1,8781
1
-5561
-830|
274|
1*0921
1*2561
861
1
1
1
-5511
-951

-1.9
-4.7
2.2
8.1
13.1
19.7

4,777

-181
1
1451

9,150
2,911

1
1
1
7851
84|

75.287 1
1
20,290 1
14,049 1
21,279
17,035
14,878 1
17,771 1
1,069 1

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS* CHARGEOFFS* AND OTHER CREDITS).
EXCLUOES 30-OAY CHARGE CREDIT HELD BY RETAILERS, OIL AND GAS COMPANIES, ANO TRAVEL AND ENTERTAINMENT COMPANIES
AMOUNTING TO $2243 MILLION AT THE END OF JANUARY. THIS REPRESENTS AN INCREASE OF $66 MILLION FROM THE END OF
DECEMBER ON A SEASONALLY ADJUSTED BASIS AND AN INCREASE OF $38 MILLION ON AN UNADJUSTED BASIS.
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.
NOTE:

4,9551
1
1
1

2,8721
1
3571
3641
-220|
178|
1,9291
599|
2071

3.5

-6.6
-2.7
-.2
3.0

8.6
2.9
3.8
1.8
2.6
-1.0
1.0
13.0
3.4
19.4