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qt£2tet F E D E R A L R E S E R V E s t a t i s t i c a l G.10 r e l e a s e For immediate r e l e a s e August 31, 1977 INTEREST RATES ON SELECTED CONSUMER INSTALMENT LOANS AT REPORTING COMMERCIAL BANKS I n t e r e s t Rate (Per c e n t per annum) July 1976 June 1977 July 1977 New automobiles (36 months) 11.06 10.82 10.87 Mobile homes (84 months) 11.80 11.80 11.76 Other consumer goods (24 months) 13.02 13.04 13.03 Other p e r s o n a l e x p e n d i t u r e s (12 months) 13.38 13.33 13.46 C r e d i t card p l a n s 16.91 16.87 16.81 NOTE: The i n t e r e s t r a t e s shown in t h i s r e l e a s e a r e based on a survey conducted by the F e d e r a l Reserve System, w i t h 243 banks r e s p o n d i n g t o the survey in J u l y . Banks r e p o r t i n g i n each c a t e g o r y numbered: new a u t o m o b i l e s , 242; mobile homes, 64, o t h e r consumer goods, 199; o t h e r p e r s o n a l e x p e n d i t u r e s , 237; c r e d i t card p l a n s , 163. A l l r a t e s shown r e p r e s e n t simple unweighted a v e r a g e s of each b a n k ' s "most common" r a t e charged d u r i n g the f i r s t f u l l c a l e n d a r week of t h e month in each loan c a t e g o r y . The "most common" r a t e i s d e f i n e d a s the r a t e charged on the l a r g e s t d o l l a r volume of l o a n s i n the p a r t i c u l a r c a t e g o r y d u r i n g t h e survey week. R a t e s r e p o r t e d a r e " a n n u a l p e r centage r a t e s " as s p e c i f i e d by R e g u l a t i o n Z ( T r u t h - i n - L e n d i n g ) .
@FedFRASER