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• • • • • • • • • • • FEDERAL RESERVE statistical release ..... E. 10 (120) FOR IMMEDIATE RELEASE FEBURARY l , l ~uz FINANCE RATES AND OTHER TERMS ON SELECTED TYPES OF CONSUMER INSTALLMENT CREDIT EXTENDED BY MAJOR FINA~CE COMPANIES (NOT SEASONALLY ADJaSTED) II II II II II II PERSONAL LOANS MOBILE HOME CREDIT II II"OTHER CONSUMER GOODS" 1/ CREDIT II Ill1--------------------------------ll--------------------------------ll-------------------------------AVERAGE I AVERAGE I II AVERAGE I AVERAGE I II AVERAGE I AVERAGE I J?EBIO D II FINANCE I AMOUNT I AVERAGE II FINANCE I AMOUNT I AVERAGE II FINANCE I AMOUNT I AVERAGE II RATE I FINANCED I MATURITY II RATE I FINANCED I MATURITY II RATE I FINANCED I MATURITY II (PER CENT) I (DOLLARS) I (!'IONTHS) II (PER CENT) I (DOLLARS) I (MONTHS) II (PER CENT) I (DOLLARS) I (MONTHS) jl 1980 FEBRUARY MAY AUGUST NOVEMBER 1981 FEBRUARY MAY AUGUS'.l' HOVEftBER II II IJ II II II II II II Jl II II II 20.55 21.16 21.32 21.48 21.42 20.75 21.60 22.94 1,816 2,040 1,912 2,130 2,370 2,634 2,614 2,677 58.4 66.1 63.1 67.6 70.3 76.4 77.2 60.3 II II II II II II II II II II II II II II 14.05 15.94 15.91 15.98 17.3 8 17.54 18.28 19.22 I I I I I J I 12,479 12, 811 12,398 13,540 133.4 135.7 129.6 150.0 19.65 20.90 20.94 20.94 589 660 568 683 24. 1 24.5 24.6 24.9 I I I I I I I 13,675 13,961 15,274 15,591 148.5 152. 1 156.1 159.7 20.96 21.00 21.56 22.95 758 798 898 878 27.0 28.9 31., 27.7 -----------------------------------------------------------------------------------------------------------------1/ EXCLUDES AUTOMOBILES, RECREATIONAL VEHICLES, AND MOBILE HOMES. NOTE: THE DATA SHOWN IN THIS TABLE ARE COMPILED FROft A QUA.RTEaLY SURVEY CONDUCTED BY THE BOARD OF GOVERNCRS OF THE FEDERAL RESERVE SYSTEft. FOB MOBILE HOMES AND "OTHER CONSUMER GGODS," THE DATA COVER CONTRACTS PURCHASED BY FINANCE COMPANIES, PRiftARILY FROM RETAIL OUTLETS; FOR PERSONA~ LOANS, THEY COVER SECURED AND UNSECURED LOANS ftADE DIRECTLY BY FINANCE COMPANIES FOR HOUSEHOLD, FAMILY, OR OTHER PERSONAL EXPENDITURES. RATES ARE AVERAGE CUSTOMER FINANCE RATES REPORTED ON AN ANNUAL PERCENTAGE RATE BASIS AS SPECIFIED IN THE FEDERAL .RESERVE BOARD'S REGULATION Z (TRUTH-IN-LENDING). AVERAGE AMOUNT FINANCED STATISTICS DO NOX INCLUDE PRECOMPUTED FINANCE CHARGES. AVERAGE BATE AND ftATURITY DATA ARE PER DOLLAR FINANCED. OTHER 2EDERAL RESERVE STATISTICAL RELEASES WHICH REPORT FINANCE RATES ON CONSU~ER LOANS ARE: E.12 (122) (COMMERCIAL BANKS) AND E. 4 (114) (AUTOI!OBILE FINANCE COMPANIES).