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~--·· FEDERAL RESERVE . ' • • ~ s t a t j. s t i c a I release -: ..... J.3 Jo; immediate release •·. ;:9.t:fober 7, 1974 01'> ';.<'/ . Finance Rates and Other Terms on Selected Categories of.<( v.J'., Consumer Instalment Credit Extended by Finance Companies6>..<1 <·.,.,.. . . 0 (Not seasonally adjusted) ~~t.,- o-::: .,." · ·, c . ,)''.· :~-. Customer finance rate (per cent per annum) Period Mobile homes "Other consumer goods" ]) July 12.77 18.93 September 12.90 November Aver~~1q~~ount financed Average maturity (months) (dollars) Mobile homes "Other consumer goods" !/ Personal loans Mobile homes "Other consumer goods 1/ Personal loans 20.55 ll6. 3 21.6 33.5 6,700 408 1,134 18.69 20.52 ll8.2 21.1 33.5 6, 911 407 1,098 13.12 18.77 20.65 ll8. 2 21.4 34.2 6,858 408 1,121 January 13.24 18.90 20.68 ll8. 6 20.9 33.5 6, 892 412 1,092 March 13.15 18.69 20.57 ll9. 5 21.7 34.4 6,978 449 1,143 May 13.07 18.90 r20.47 120.5 21.7 35.5 7,124 439 rl,202 July 13.21 19.26 20.59 122.7 21.2 35.5 7,500 432 1,201 Personal loans 1973 1974 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 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, fa~ily or other personal expenditures. Rates are reported on Digitized an for FRASER Annual Percentage Rate basis as specified in the Federal Reserve Board's Regulation Z (Truth-in-Lending).
@FedFRASER