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•Mm, FEDERAL RESERVE statistical 411 (G.10) release For immediate r e l e a s e J u l y 31, 1978 INTEREST RATES ON SELECTED CONSUMER INSTALMENT LOANS AT REPORTING COMMERCIAL BANKS June 1977 May 1978 June 1978 New a u t o m o b i l e s (36 months) 10.82 10.84 10.95 Mobile homes (84 months) 11.80 12.01 12.04 O t h e r consumer goods (24 months) 13.04 13.11 13.19 Other p e r s o n a l e x p e n d i t u r e s (12 months) 13.33 13.56 13.64 Credit card plans 16.87 16.97 17.01 D i r e c t Consumer Loans NOTE: The i n t e r e s t r a t e s shown i n t h i s r e l e a s e a r e based on a s u r v e y cond u c t e d by t h e F e d e r a l Reserve System, w i t h 242 banks r e s p o n d i n g t o the s u r v e y i n J u n e . Banks r e p o r t i n g in each c a t e g o r y numbered: new a u t o m o b i l e s , 235; mobile homes, 72; 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 , 234; c r e d i t c a r d p l a n s , 165. A l l r a t e s shown r e p r e s e n t s i m p l e 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 t h e f i r s t f u l l c a l e n d a r week of t h e month i n each l o a n 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 t h e r a t e charged on t h e l a r g e s t d o l l a r volume of l o a n s i n t h e p a r t i c u l a r c a t e g o r y d u r i n g the 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 c e n t a g e r a t e s " a s 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 ) . This i s the f i n a l r e l e a s e of t h e commercial bank consumer f i n a n c e r a t e s e r i e s on a monthly b a s i s . B e g i n n i n g w i t h August 1978, d a t a w i l l be r e p o r t e d and p u b l i s h e d f o r t h e mid-month of each q u a r t e r . As b e f o r e , consumer f i n a n c e r a t e d a t a f o r i n d i v i d u a l r e p o r t i n g banks w i l l be f u r n i s h e d upon r e q u e s t . The i d e n t i f i c a t i o n code f o r the r e l e a s e has been changed from G.10 t o 4 1 1 .