The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL
•
RESERVE
• statistical
•
For immediate release
March 11, 1975
J.3
Finance Rates and Other Terms on Selected Categories of
Consumer Instalment Credit Extended by Finance Companies
~~
(Not seasonally adjusted)
l/1Jr
. rr1
,.~,
MAR I ,. ,
'(!
i;ilAA. "r,.,
~ \,·
"<.f0v'
<
Period
\;)"
''1:)
Average maturity
(months)
Customer finance rate
(per cent per annum)
Mobile
homes
"Other
consumer
goods" 1/
Personal
loans
Mobile
homes
"Other
consumer
goods" J)
Personal
loans
~~~( V
{9,.-,
I
'.J
!>:,,,
Av~G'~'->/am.,9_unt financed
~lars)
Mobile
homes
"Other
consumer
goods" J/
Personal
loans
1974
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
20.57
120.5
21.7
35.5
7,124
439
1,202
July
13.21
19.24
20.78
122.7
21.2
35.4
7,500
431
1,169
September
13.42
19.30
20.93
123.6
20.6
34.9
7,658
437
rl,l71
November
13.60
19.49
r21.16
122.5
20.4
r35.1
7,599
436
rl,l94
13.60
19.58
21.24
120.2
20.3
35.0
7,369
433
1,153
1975
January
11 Excludes automobiles and recreat1onal veh1cles.
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 mobile 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
anfor Annual
Digitized
FRASER Percentage Rate basis as specified in the Federal Reserve Board's Regulation Z (Truth-in-Lending).
@FedFRASER