Full text of E.12 Finance Rates on Selected Consumer Installment Loans at Reporting Commercial Banks : September 11, 1980

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FEDERAL RESERVE statistical release
E. 12

(122)

(FORMERLY

FINANCE

DIRECT

CONSUMER

NEW A U T O M O B I L E S
MOBILE

HOMES

(36

(84

FOR

G. 1 0 )

IMMEDIATE RELEASE
SEPTEMBER 1 1 , 1 9 3 0

R A T E S ON S E L E C T E D CONSUMER
AT R E P O R T I N G COMMERCIAL
(PERCENT)

INSTALLMENT
BANKS

AUGUST
1979

MAT
1980

LOANS

MONTHS)

MONTHS)

ill

LOANS

AUGUST
1980

11.88

15.72

13.91

12.65

15.96

14.95

OTHER CONSUMER GOODS AND
PERSONAL E X P E N D I T U R E S :
(24

MONTHS)

13.76

16.31

15.33

(12

MONTHS)

14.02

16.42

15.50

17.09

17.31

17.39

CREDIT

NOTE:

CARD

PLANS

THE F I N A N C E R A T E S SHOWN I N T H I S R E L E A S E ARE B A S E D ON A SURVEY C O N DUCTED BY THE F E D E R A L R E S E R V E S Y S T E M , WITH 2 3 6 B A N K S R E S P O N D I N G TO
THE SURVEY I N A U G U S T . B A N K S R E P O R T I N G I N EACH CATEGORY NUMBERED:
NEW A U T O M O B I L E S , 2 3 1 ; M O B I L E H O M E S ,
7 1 ; OTHER CONSUMER GOODS AND
P E R S O N A L E X P E N D I T U R E S ( 2 4 M O N T H S ) , 2 2 4 ; OTHER CONSUMER GOODS AND
P E R S O N A L E X P E N D I T U R E S ( 1 2 MONTHS) , 2 2 8 ; C R E D I T CARD ^ A N S ,
1 6 3 . &%L
R A T E S SHOWN R E P R E S E N T S I M P L E U N W E I G H T E D AVERAGES OF EACH B A N K ' S "MOST
COMMON" RATE CHARGED D U R I N G THE F I R S T F U L L CALENDAR WEEK OF THE
MONTH I N EACH LOAN C A T E G O R Y . THE " M O S T COMMON" RATE I S D E F I N E D A S T H E
RAT 1 ? CHARGED ON THE L A R G E S T DOLLAR VOLUME OF L O A N S I N THE P A R T I C U L A R
CATEGORY D U R I N G THE S U R V E Y WEEK. R A T E S R E P O R T E D ARE "ANNUAL P E R C E N T AGE 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 (TRUTH I N L E N D I N G ) .
OTHER 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 R E L E A S E S WHICH REPORT F I N A N C E R A T E S
CN CONSUMER I N S T A L L M E N T L O A N S A R E :
E.10
(120)
FOR N O N - A U T O M O B I L E
L O A N S AT F I N A N C E C O M P A N I E S , AND E . 4
(114)
FOR AUTOMOBILE F I N A N C E
COMPANIES.

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