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••oOfGOVf-,- FEDERAL RESERVE statistical release E.12 (122) (FORMERLY G.10) FOR IMMEDIATE RELEASE May 28, 1981 FINANCE RATES ON SELECTED CONSUMER INSTALLMENT LOANS AT REPORTING C O M M E R C I A L BANKS (PERCENT) DIRECT CONSUMER LOANS MAY 1980 FEBRUARY 1981 MAY 1981 15,72 15,84 16.04 15.96 16.58 17.02 (24 MONTHS) 16.31 17.14 17.48 (12 MONTHS) 16.42 17.34 17.93 17,31 17.58 17,71 NEW AUTOMOBILES MOBILE HOMES (36 MONTHS) (84 MONTHS) OTHER CONSUMER GOODS AND PERSONAL EXPENDITURES: CREDIT CARD PLANS NOTE: THE FINANCE RATES SHOWN IN THIS RELEASE ARB BASED ON A SURVEY CONDUCTED BY THE FEDERAL RESERVE SYSTEM, WITH 235 BANKS RESPONDING TO THE SURVEY IN MAY. BANKS REPORTING IN EACH CATEGORY NUMBERED: NEB AUTOMOBILES, 224; MOBILE HOMES, 68; OTHER CONSUMER GOODS AND PERSONAL EXPENDITURES (24 MONTHS), 223; OTHER CONSUMER GOODS AND PERSONAL EXPENDITURES (12 MONTHS), 225; CREDIT CARD PLANS, 157. ALL RATES SHOWN REPRESENT SIMPLE UNWEIGHTED A V E R A G E S OF EACH BANK'S "MOST C O M M O N " RATE CHARGED DURING THE FIRST FULL CALENDAR WEEK OF THE MONTH IN EACH LOAN CATEGORY. THE "MOST C O M M O N " RATE IS DEFINED AS THE RATE CHARGED ON THE LARGEST DOLLAR VOLUME OF LOANS IN THE PARTICULAR CATEGORY DURING THE SURVEY WEEK. RATES REPORTED ARE "ANNUAL PERCENTAGE RATES" AS SPECIFIED BY REGULATION Z (TRUTH IN LENDING) . OTHER FEDERAL RESERVE STATISTICAL RELEASES WHICH REPORT FINANCE RATES ON CONSUMER INSTALLMENT LOANS ARE: E,10 (120) FOR NON-AUTOMOBILE L O A N S AT FINANCE COMPANIES, AND E.4 (114) FOR AUTOMOBILE FINANCE COMPANIES.
@FedFRASER