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FEDERAL RESERVE statistical release E.12 (122) (FORMERLY G . 1 0 ) FOR IMMEDIATE RELEASE DECEMBER 1 , 1980 F I N A N C E RATES ON S E L E C T E D CONSUMER INSTALLMENT LOANS AT REPORTING COMMERCIAL BANKS (PERCENT) D I R E C T CONSUMER LOANS NEW AUTOMOBILES MOBILE HCKES (36 (84 MONTHS) MONTHS) NOVEMBER 1979 AUGUST 1980 NOVEMBER 1980 12.85 13.91 14.29 13.51 14.95 15.49 OTHER CONSUMER GOODS AND PERSONAL E X P E N D I T U R E S : (24 MONTHS) 14.39 15.33 15.54 (12 MONTHS) 14.56 15.50 15.90 16.93 17.39 17.41 C R E D I T CARD PLANS NOTE: THE FINANCE RATES SHOWN I N T H I S R E L E A S E ARB BASED ON A SURVEY CONE U C T I D BY THE FEDERAL RESERVE S Y S T E M , WITH 2 3 5 BANKS RESPONDING TO THE SURVEY I N NOVEMBER. BANKS R E P O R T I N G I N EACH CATEGORY NUMBERED: NEW AUTOMOBILES, 2 2 7 ; MOBILE HOMES, 6 7 ; OTHER CONSUMER GOODS AND PERSONAL E X P E N D I T U R E S ( 2 4 M O N T H S ) , 2 1 7 ; OTHER CONSUMER GOODS AND PERSONAL E X P E N D I T U R E S ( 1 2 M O N T H S ) , 2 2 3 ; C R E D I T CARD P L A N S , 1 6 5 . ALL R A T E S SHOWN R E P R E S E N T S I M P L E UNWEIGHTED AVERAGES OF EACH B A N K ' S "MOST CCMMCN" RATE CHARGED DURING THE F I R S T FULL CALENDAR WEEK OF THE MONTH I N EACH LOAN CATEGORY. THE "MOST COMMON" RATE I S D E F I N E D AS THE RATE CHARGED ON THE LARGEST DOLLAR VOLUME OF LOANS I N THE PARTICULAR CATEGORY DURING THE SURVEY WEEK. RATES REPORTED ARE "ANNUAL P E R C E N T AGE R A I E S " AS S P E C I F I E D BY REGULATION Z (TRUTH I N L E N D I N G ) . OTHER FEDERAL RESERVE S T A T I S T I C A L R E L E A S E S WHICH REPORT FINANCE RATES ON CONSUMER INSTALLMENT LOANS A R E : E . 10 ( 1 2 0 ) FOR NON-AUTOMOBILE , LOA'MS AT F I N A N C E C O M P A N I E S , AND E . 4 ( 1 1 4 ) FOR AUTOMOBILE FINANCE COMPANIES.
@FedFRASER