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• • • • RESERVE FED E·R A L • • • • t- ,_h,-:;~ ,, release LIBR \IORrx,R\, \.. .-~.~<:=q_,'t. "\ t. ,: •.. For lalediate Release May 4, 1979 0 ~:H.-. ~\ \..\. v . statistical 120 tE. l.Ol i • I()~~" FINANCE RATES AND OTHER TERMS ON SElECTED TYIJE'i OF CONSUMER tN!iTALMENt 11 j .,·, EXTEN~~gTs~e:~~~:l~~N:~~~S~~~~A~IES CREDIT ~, '··· ··.f\ . ll II PeRSONAL LOANS . ..•,y ·~ J ~R )' t- '-'-'E· 7·· ~t.~C:"Y0t4f-••·------------·--•-:••••••••ii----••••:-•••••••••-•••·~-------•ii"'~-------------------~-J!~.::1Tif \)~ II II MOBILE HOlliE CREDIT II "OTHER CONSUI'IER GOODS" 11 CREJ11Rod II I1II-----------------------------I 1------------------------------~- I 1···-----------------------------AVERAGE I AVERAGE I I I AVERAGE I AfERAGE t I I AVERAGE I AVERAGE I PERIOD II FINANCE I AMOUNT I AVERAGE II FINA~CE I II RATE I FINANCED I MATURITY II RATE I I I( PER CENT Jl I DOLLARS J1 CMONTHS I I lePER CEHTJI AMOU~T FtNA~CED CDOLLARSJ I AVERAGE 11 FINA~CE I AI'IOUNT I I MATU~ITY II RATE I FINANCED I I (MONTHS I I If. PER CENTIJ I DOllARS II AVERAGE ~ATU~ITV CMONTHS I· ---------------------------------------------------------------------------------·-------------------------------I I I II 1917 MAY AUGUST NOVEMBER. 20.32 20.'tl 20.68 1918 FEB!\UARY MAY AUGUST NOVEMBER' 1979 20.38 20.29 20.53 20.86 I I 1,54~ I 1,5,.9 I 1,493 I 1 I I 1,621 I 1,6\5 I 1,534 I 1,467 I I I I 1,598 I 44.4 43.<1 42.8 44.8 47.4 46.3 44.8 II II " II II II It II II II " 11 II t1 II II 13.65 13.55 13.54 8,997 9,506 9,586 I I I I t I lZ6.2 127.6 129.0 18.85 19.19 19.64 I I I I I 128.8 129.1 132.6 132.5 19.19 18.90 19.43 t8.62 'II ' 532 22.9 571 ~~.9 636 25.7 564 585 682 590 24.8 25.4 27.5 25.3 1 13.46 13.50 13.40 13.37 9,519 10,006 10,571t 9,896 ' ' I I "" 19.80 24.9 45.2 10,924 I 132.3 561 20.7'1 13.46 ----------~-------------------------------------------------------------------------·------------------------------11 EXCLUDES AUTOMOBILES, REC~EATIO~AL VEHICLES, ANO "091LE HOMfS FEBRUARY NOrt:: TtiE DATA SHOWN IN THIS TABlE ARE COMPILED FROM A QUARTERlY S~VEV COND!JCTED 8Y' THE ~OARD OF G£'1/ERNORS Of THE fEDERAl RESERVE ·SYSTEM. ~OR MOBILE HOMES AND "OTHER CONSUMER GOODS," THE DATA COVER CONTRACT$ ~URCHASEO DY FINANCE CO~PANIES, PRIMARILY FROM RETAIL OUTL£fS; FOR PERSONAL LOA"S' THEY C~V~~ SECURED AND UNSECURfry LOANS MADE OlRECTLY tlY FINANCE COltP.\NIES FOR HOUSEHOLD, FAMILY, OR OTHER PERSONAl t:Kff.~iJITURES. RATES AR!: AVfP.AGJ: C1JSTDHEit FVNANCE RATES REPORTED ON AN ANNUAL PERCENTAGE RATE BASIS AS SPECIFIED IN lHE FEDEI\Al RESERVE BOAR!l'S REGULATION Z ITRUTH-HrlENOINGJ. AVERAGE AMOUNT FINAttCEO STATISTICS OD NOT TNC'LUOE PRECOMI'UTED ffNA~~CE tliARGES .. A't'l:RAGE 'RATE AND MATURITY DATA ARE PER DOLLAR FINANCED. • ~