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FEDERAL
•
•
RESERVE
•statistical
• re~eose·~
For immediate release
December 9, 1974
J.3
1
, I'"
''' ~.1/:)
Finance Rates and Other Terms on Selected Categories of 11 , 'u1 •·
Consumer Instalment Credit Extended by Finance Compani~s ''/:: {.,'] r. '·':·
(Not seasonally adjusted)
lt. c,,
<:: 1, 1 ,
();;
Average maturity
(months)
Customer finance rate
(per cent per annum)
Period
' '
~<lilt: I'";/
\)1.
. c ·'
A~~~ge~mount
financed
c/fc.,· dollars)
'~
Mobile
homes
"Other
consumer
goods" 1)
July
12.77
18.93
20.55
116.3
21.6
33.5
6,700
408
1,134
September
12.90
18.69
20.52
118.2
21.1
33.5
6, 911
407
1,098
November
13.12
18.77
20.65
118.2
21.4
34.2
6,858
408
1,121
January
13.24
18.90
20.68
118.6
20.9
33.5
6,892
412
1,092
March
13.15
18.69
20.57
119.5
21.7
34.4
6,978
449
1,143
May
13.07
18.90
r20.57
120.5
21.7
35.5
7,124
439
1,202
July
13.21
rl9.24
r20. 78
12.2. 7
21.2
r35.4
7,500
r431
rl,l69
Personal
loans
Mobile
homes
"Other
consumer
goods" !/
Personal
loans
Mobile
homes
"Other
consumer
goods !/
Personal
loans
1973
1974
437
1,172
7,658
34.9
20.6
123.6
20.93
19.30
13.42
September
11 Excludes automobiles and recreational vehicles.
r--Revised.
NOTE: The data shown on this release are compiled from a bimonthly survey conducted by the Board of Governors
of the Federal Reserve System. For ~ol?ile homes and "other consumer goods," the data cover contracts purchased
by finance companies, primarily from retail outlets; for personal loans, they cover secured and unsecured loans
made directly by finance companies for household, family or other personal expenditures. Rates are reported on
anFRASER
Annual Percentage Rate basis as specified in the Federal Reserve Board's Regulation Z (Truth-in-Lending).
Digitized for
@FedFRASER