Full text of G.19 Consumer Credit : April 5, 1990

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FEDERAL RESERVE statistical release
r

? ^ ^ - -

April 5, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding rose $3.4 billion in February,
or at an annual rate of 5.7 percent.
In January, installment credit had
risen $3.8 billion, or at an annual rate of 6.4 percent. Growth in automobile
credit slowed in February, while growth in revolving credit remained weak for
the second consecutive month. The large "other" category provided the bulk
of the overall increase with a rise of $2.0 billion.
Net change in
amount outstanding
(millions of dollars)
-19891990
Feb p
Jan r
Dec

Annual rate of growth
(percent)
1990
-1989Feb p
Jan r
Dec

CHANGE IN CREDIT, BY TYPE 1/
(seasonally adjusted)
Total
Automobile
Revolving
Mobile home
Other

3,416

889
485
-2
2,044

3,799
2,016

4,347

302
-26

3,935

5,
3
2.
-0.
12.

-89

-9
510

1,507

6.4
8.4
1.8
-1.4
9.0

-1990-

Feb

Jan

Dec

7.3
-0.4
23.7
-0.5
3.0

-1989Nov

Feb

TERMS OF CREDIT 2/
(not seasonally adjusted)
Interest rates
Commercial banks
48-mo. new car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies
New car loan
Used car loan

11.80
15.27
13.91
18.12

n.a.
n.a.
n.a.
n.a.

n.a.
n.a.
n .a.
n.a.

11.94
15.42
13.97
18.07

11.76
15.22
14.00
17.83

12.67
15.91

12.64
15.77

13.27
16.10

13.27
16.09

13.07
15.90

54.7
45.5

55.1
45.5

55.1
45.6

55.7
47.4

89
95

89
96

89
96

92
98

12,381
8,040

12,301
8,096

12,279
8,063

11,819
8,022

Other terms at
auto finance companies
Maturity (months)
New car loan
54.7
Used car loan
46.4
Loan-to-value ratio (percent)
New car loan
88
Used car loan
96
Amount financed (dollars)
New car loan
12,053
Used car loan
8,065




CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Nov
1989
S.A.

Feb p
1990
S.A.

Jan r
1990
S.A.

723,723

720,307

716,508

712,160

707,562

687,397

718,665

682,274

336,932
141,373
90,730
56,852
42,851
3,844

337,246
141,481
90,370
57,229
42,724
3,811

334,541
140,484
89,717
57,285
42,744
3,835

332,675
141,396
89,677
58,264
42,554
3,828

330,746
141,273
89,856
58,890
42,319
3,804

318,423
143,419
87,813
63,109
41,052
3,677

335,342
139,369
89,750
56,460
42,870
3,733

316,898
141,292
86,865
62,674
41,071
3,571

51,141

47,445

47,902

43,766

40,675

29,903

51,141

29,903

Automobile
Commercial banks
Finance companies
Credit unions
Savings institutions
Pools of sec. assets 4/

292,016
129,442
82,913
43,267
17,080
19,314

291,127
128,813
83,836
43,096
17,193
18,189

289,111
127,028
83,572
42,784
17,210
18,517

289,200
128,654
84,707
42,720
17,504
15,615

288,747
128,238
84,814
42,761
17,692
15,243

288,767
122,983
88,789
41,964
19,464
15,568

n.a.
128,497
81,121
n.a.
n.a.
19,314

n.a.
122,085
86,870
n.a.
n.a.
15,568

Revolving 6/
Commercial banks
Savings institutions
Retailers
Gasoline companies
Credit unions
Pools of sec. assets 4/

203,962
120,350
10,618
37,974
3,844
5,457
25,720

203,477
122,683
10,688
37,810
3,811
5,435
23,050

203,175
122,364
10,698
37,804
3,835
5,396
23,077

199,240
119,254
10,881
37,639
3,828
5,351
22,286

196,379
118,801
10,998
37,435
3,804
5,319
20,021

178,570
111,706
10,722
36,257
3,677
4,866
11,342

n.a.
120,651
n.a.
37,974
3,733
n.a.
25,720

n.a.
111,985
n.a.
36,257
3,571
n.a.
11,342

22,530
9,022
4,880
8,628

22,533
8,970
4,877
8,685

22,558
9,019
4,846
8,694

22,567
8,941
4,783
8,843

22,947
8,724
5,272
8,951

25,992
8,974
7,308
9,710

n.a.
8,982
4,847
n.a.

n.a.
8,935
7,258
n.a.

205,215
78,118
53,580
42,006
20,527
4,877

203,171
76,780
52,768
41,839
20,663
4,915

201,664
76,131
52,066
41,537
20,683
4,940

201,154
75,826
51,906
41,606
21,036
4,914

199,490
74,983
51,187
41,776
21,249
4,884

194,068
74,760
47,322
40,983
23,214
4,795

n.a.
77,212
53,401
n.a.
n.a.
4,896

n.a.
73,893
47,164
n.a.
n.a.
4,814

6,107

6,206

6,308

5,865

5,411

2,993

6,107

2,993

Total

Dec
1989
S.A.

Oct
1989
S.A.

Feb
1989
S.A.

Feb p
1990
N.S.A.

Feb
1989
N.S.A

Major holder
Commercial banks
Finance companies 3/
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized
assets 4/
Major credit type 5/

Mobile homes
Commercial banks
Finance companies
Savings institutions
Other
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Pools of sec. assets
(incl. mobile homes) 4/

1. The Board's series on amounts of credit covers most short- and intermediate-term credit
extended to individuals that is scheduled to be repaid (or has the option of repayment) in two
or more installments, excluding loans secured by real estate.
2. Interest rates are annual percentage rates as specified by Regulation Z. Commercial
bank data are simple unweighted averages of each bank's "most common" rate charged during
the first calendar week of the month. Finance company data from the subsidiaries of the
three major U.S. automobile manufacturers are volume-weighted averages covering all loans
of each type purchased during the month.
3. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
4. Outstanding balances of pools upon which securities have been issued*, these balances
are no longer carried on the balance sheets of the loan originator.
5. Not seasonally adjusted data are unavailable by type of credit for certain holders. In these
cases, the seasonally adjusted total for the holder group has been allocated among the
components using the latest available benchmark information.
6. Excludes 30-day charge credit held by travel and entertainment companies.
n.a.= Data not available.
S.A.= Seasonally adjusted.
r = revised.
p = preliminary.

N.S.A.= Not seasonally adjusted,

The G.19 Statistical Release is issued,around the fifth working day of each month.
date and time may be obtained by calling (202) 452-3206.




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