Full text of G.19 Consumer Credit : September 7, 1977

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FEDERAL

RESERVE

statistical

release

f*4LRfc^V

FOR IMMEOIATE RELEASE
SEPTEMBER 7, 1977

G.19

CONSUMER INSTALMENT CREDIT

JULY 1977

CONSUMER INSTALMENT CREDIT OUTSTANDING EXPANDED BY $2.32 BILLION IN JULY,
AFTER SEASONAL ADJUSTMENT. THE AOVANCE WAS ROUGHLY THE SANE AS THE JUNE INCREASE? BUT
BELOW THE RECORD $2»85 BILLION EXPANSION IN MARCH. EXTENSIONS OF NEW CREDIT AND
LIQUIDATIONS 0? EXISTING CREDIT BOTH DECLINED BY ABOUT $200 MILLION DUPING JULY.
LIQUIDATIONS OF AUTO CREDIT FELL SHARPLY IN JULY, FOLLOWING A LARGE
INCREASt IN JUNE, AND ACCOUNTED FOR ALMOST ALL OF THE DECLINE IN TOTAL LIQUIDATIONS.
WITH AUTO CREDIT EXTENSIONS FALLING MORE MODERATELY, THE NET GROWTH OF AUTO CREDIT
OUTSTANDING ROSE IN JULY.
EXTENSIONS OF MOBILE HOME CREDIT ROSE IN JULY WHILE BANK-CARD AND CHECK
CREDIT EXTENSIONS DECLINED. HOME IMPROVEMENT AND "ALL OTHER" EXTENSIONS WERE
ABOUT THE SAME AS IN JUNE. LIQUIDATIONS WERE LOWER IN THE "ALL OTHER" CATEGORY
AND LITTLE CHANGED IN THE REMAINING CATEGORIES. ON BALANCE, THE NET EXPANSION WAS
UP SOMEWHAT FROM JUNE FOR MOBILE HOMES AND "ALL OTHER" CREDIT, AND DOWN FOR HOME
IMPROVEMENT AND BANK REVOLVING CREDIT.
(IN MILLIONS OF DOLLARS)
INSTALMENT CREDIT, TOTAL
AMOUNT EXTENDED:
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 CREDIT CARD
OTHER REVOLVING (1)
ALL OTHfR
AMOUNT OUTSTANDING,
END OF MONTH

JULY 1977 I JUNE 19?7 f JULY 1977 j JULY 1976 I LATEST 12 MONTHS
(SEASONALLY ADJ.)
I
(NOT SEAS.ADJ.)
I(NOT SEAS.ADJ.)
18,4161

18,6131

I

I

5,8771
4401
661)
2,5251
489|
8,424|

I
I
16,0961

i
I

5,553|
456|
613!
2,184!
415!
7,261!

15,760

14,2R6!

283!
i
1
899|
23}
174|
219!
851
883!

2,817

!
2,1951

1,404
73
221
173
60
886

!
(2)

!
!

209,137
67,612
4,847
7,341
28,287
5,420
95,629

!
I

16,3311
I

1,0051
451
1561
164 |
34|
9I4|
|

6,189
468
7?8
2,415
484
8,293

I
I

I

(2)

16,4821

I

5,978!
408 1
677|
2,604|
512J
8,434|

2,3191

I
I

18,577

v

198,973

I
1.181!
411
170!
236J
56!
511!
!
!
173,923!

184,092

25,045 (3)
(4)
(4)
(4)
(4)
(4)
(4)
(2)

NOTE: 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 DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID IN TWO OR MORE INSTALMENTS.
MORTGAGE CREDIT GENERALLY IS EXCLUDED. DETAILS MAY NOT ADD TO TOTALS DUE TC
ROUNDING.
BANK CHECK CREDIT AND OTHER BANK REVOLVING CREDIT.
(1)
NOT APPLICABLE.
(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.
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
(4)
"CHANGE FROM END OF JULY 1976 AMOUNT N.S.A."




CONSUMER INSTALMENT CREDIT BY HOLDER ANO TYPE -

JULY 1977

(IN MILLIONS OF DOLLARS)

E X T E N D E D
INSTALMENT C R E D I T , BY
HOLDER ANO TYPE

L I Q U I D A T E D

fJULY
|977
S.A.

JULY
1976
S.A.

^UNE
1977
S.4U

JULY
1977
N.S.A.

JULY
1977
S.A.

JUNE
1977
S.A.

JULY
1976
S.A.

JULY
1977
N.S.A.

t

COMMERCIAL BANKS
FINANCf COMPANIES
CREOIT UNIONS
RETAILERS 12)
OTHERS (3)
BY CREOIT TYP€
AUTOMOBXLit TOTAL
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
FINANC6 COMPANIES
CREDIT UNIONS
OTHERS * 13)
MOBILE HOME, TOTAL
COMMERCIAL BANKS
FINANCE COMPANIES
HOME IMPROVEMENT, TOTAL
COMMERCIAL BANKS
REVOLVING
BANK CREDIT CARD
BANK CHECK CREOIT
ALL OTHER, TOTAL
COMM. BANKS, TOTAL
PERSONAL LOANS
FINANCE C O S . , TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

(1)

(2)
(3)

198,973

15,796

18,577

16,098

16,331

14,349

15,760

2319

7,741
2,905
2,365
2,335
450

9,209
3,483
2,646
2,671
568

7,923

5401

9,036
3t444
2 #769
2,806
559

2,295
2,665
404

7,753
3,261
2,250
2,662
405

6,917
2,735
1,976
2,373
348

7,720
2,797
2,275
2,566
403

5,8771

5,978

5,097

6,169

4,671

5,080

4,389

3,464|
I,856|
1,6081
9631
481

3,442
1,817
1,625
It 099
1,390
47

2,928
1,564
1,364
918
1,205
44

3,732
2,008
1,723
1,039
1,364
55

2,943
1,601
1,342
688
1,194
46

2,761
1,489
1,272
1,127
1,146
45

I

408

399

468

395

I

232

250
58

271

2531
55|

48

I
I
I

BY HOLDER

END OF
JULY
1977
N.S.A.

18,613

18,416|

TOTAL

8,928!

3,3351
2,663|
2,9511

I
I
»

I

1,402|
440|

I

6611

I
3201
I

I
I

2t525|
489|

I
8,4241

I

1,8761
lt3I4|
2,3091
19836|
lrll3t
2,9511
1751

547
677
256
319

62
728
374

O U T S T A N D I N G

NET
CHG
JULY
1977
S.A.
(1)

|CHANGE 1=ROM END
I OF JULY 1976
| AMOUNT 1 PER
1 N.S.A. 1 CENT
25,050 1

14.4

1005
524
368
286
136

96,797 1 12,269 1
41,398 ! 4,266
34,122 1 5,307
18,137 I 1,923 1
8,520 ! 1,266

14.5
11.5
18.4
11.9
17.8

4,785

1005

73,863

11,036

17.6

2,493
1,431
1,063
849
1,009
38

2,899
1,569
1,329
661
1,179
46

521
255
266
275
208
2

42,770 ! 6,844
23,493 ! 3,163
19,277
3,681
13,597
1,460
16,938
2,634
558
78

19.1
15.6
23.6
12.2
18.4
16.2

385

391

396

45

14,623

108

.7

245
68

239
68

252
69

245
72

7
•12

8,671
3,126

-65
-207

-.7
-6.2

504

503

432

506

156

11,964

1,657

16.1

252

252

222

252

68

5,960

684

13.0

2,811

2,604
512

2,185
404

2,415
484

2,361
455

2,385
427

2,002
369

2,242
425

164
34

11,634
3,261

1,850
525

18.9
19.2

6,434

7,164

8,293

7,510

7,551

6,766

7,406

914

83,628

9,875

13.4

1,927
l,3B0
2,289
1,850
1,225
2,806
187

1,719
1,187
1,925
1,562
1,029
2,335
156

1,934
1,336
2,373
1,679
1,133
2,671
182

1,666
1,197
2,049
1,609
984
2,665

1,669
1,224
2,063
1,666
986
2,662
151

1,579
1,110
1,810
1*471
870
2,373
134

1,658
1,189
2,058
1,611
977
2,566
147

211
117
260
228
129
286
28

24,499
16,749
24,538
19,808]
14,2971
18,137
2,1571

2,430
1,608]
2,9931
2,159|
2,2241
1,923!
305|

11.0
10.6
13.9
12.2
18.4
11.9
16.5

146

NET CHANGES FOR ALL MONTHS EOUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGEGFFS, AND OTHER CREDITS>.
EXCLUDES 30-DAY CHARGE CREOIT HELD BY RETAILERS, OIL AND GAS COMPANIES, AND TRAVEL AND ENTERTAINMENT COMPANIES
AMOUNTING TO S2397 MILLION AT THE END OF JULY. THIS REPRESENTS A DECREASE OF $52 MILLION FROM THE END OF
JUNE ON A SEASONALLY AOJUSTED BASIS AND AN INCREASE OF $52 MILLION ON AN UNADJUSTED BASIS*
MUTUAL SAVTNG* BAMK$, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.,
NOTE:




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