Full text of E.10 Finance Rates and Other Terms on Selected Types of Consumer Installment Credit Extended by Major Finance Companies : October 29, 1979

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

•

•

•

•

•

•

•

•

•

•

FEDERAL RESERVE statistical~ release
E.10 11201

FOR IMMEDIATE RELEASE
OCTOBER 29 , 1979
FINANCE RATES AND OTHER TERMS ON SELECTED TYPES OF CONSUMER INSTALLMENT
CREDIT EXTENDED BY MAJOR FINANCE COMPANIES
(NOT SEASONALLY ADJUSTED)
II
II
II

PERIOD

II
II
II

PERSONAL LOANS

MOBILE HOME CREDIT

II
li"OTHER CONSUMER GOODS" 1/ CREDIT
II

1-------------------------------11ll--------------------------------ll--------------------------------1
AVERAGE I AVERAGE I
II AVERAGE I AVERAGE I
II AVERAGE I AVERAGE I
II
II

FINANCE I AMOUNT I AVERAGE II FINANCE I AMOUNT I AVERAGE II FINANCE I AMOUNT I AVERAGE
RATE
I FINANCED I MATURITY II
RATE
I FINANCED I MATURITY II
RATE
I FINANCED I MATURITY
IJIPE~ CENTIJ lDOLLARS)J (MONTHS) .IIIPERCENTIJ IDOLLARS)j (MONTHS) IJ(PER CENTll (DOLLA~Sll (MONTHS)

1977
NOVEMBER

1,493

42.8

13.54

9,586

129.0

19.64

636

25.1

20.38
20.29
20.53
20.86

1,621
1,645
1, 534
1,487

44.8
47.4
46.3
44.8

13.46
13.50
13.40
13.37

9,519
10,006
10,574
9,896

128.8
129.1
132.6
132.5

19.19
18.90
19.43 .
18.62

564
585
682
590

24.8
25.4
27.5
25.3

20.71
20.27
20.41

1,598
1,726
1, 711

45.2
50.4
50.9

13.46
13.61
13.64

10,924
10,977
12,039

132.3
131.9
133.8

19.80
18.91
18.96

561
646
635

24.9
26.6
25.2

20.68
'

'

1978
FEBRUARY
MAY
AUGUST
NOVEMBER
1979
FEBRUARY
MAY
AUGUST

----------------------------------------------------------------------------------------------------------1/ EXCLUDES AUTOMOBILES, RECREATIONAL VEHICLES, AND MOBILE HOMES.
NOTE: THE DATA SHOWN IN THIS TABLE ARE COMPILED FROM A QUARTERLY 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 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 NOT INCLUDE PRECOMPUTED FINANCE CHARGES.
AVERAGE RATE AND MATURITY DATA ARE PER DOLLAR FINANCED.
OTHER FEDERAL RESERVE STATISTICAL RELEASES WHICH REPORT FINANCE RATES ON CONSUMER LOANS ARE:
E.12 11221 !COMMERCIAL BANKS) AND E.4 (114) (AUTOMOBILE FINANCE COMPANIES).




•