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• •·· . . . . . . . I _5~!=.-~:.~~~\·;_F_E_D_E_R_A_L__R_E_S_E_R_V_E___s t_a_t_i_st_i_c_a_1_re_le_a_s_e_ __ ··.J.~S. fi(r r· ;.~~ ~*4,•• For inunediate release September 27, 1972 ·.'~~~~~~'.·· J.3 Finance Rates and Other Terms on Selected Categories of Consumer Instalment Credit Extended by Finance Companies LIBRARY OCT 2 197? ~EDtRAL Customer finance rate (per cent per annum) Period Mobile homes "Other consumer goods" ]) Personal loans Average maturity (months) Mobile homes "Other consumer goods" 1.1 fi'f-SI:..;vE: ,-, ANK Or< o.7 .. . ·. ?""' Average amount financed (dollars) Personal loans Mobile homes "Other consumer goods" 1./ Personal loans 1972 March rl2.57 rl9.73 21.21 rl02.1 21.6 32.3 r5,967 384 970 May rl2.29 19.30 21.23 rl04.1 21.7 32.4 r6,206 396 r1,016 12.26 19.43 21.24 105.4 21.6 32.1 6,332 394 1,000 July l/Excludes automobiles and recreational vehicles. 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 an Annual Percentage Rate basis as specified in the Federal Reserve Board's Regulation Z (Truth-in~Lending). Data on the amount financed exclude finance charges. r--Revised.
@FedFRASER