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FEDERAL RESERVE statistical release
WEES*?

G.19

CONSUMER INSTALLMENT CREDIT

For release at 3 p.m. (Eastern Time)

February 1996

April 5,1996

Consumer installment credit outstanding increased at a 13.9 percent seasonally adjusted annual rate in February. Growth was strongest in the revolving credit category, which grew at a 19.0 percent pace,
while auto and 'other' credit expanded at a little more than halt that pace.

CONSUMER INSTALLMENT CREDIT OUTSTANDING1
Seasonally adjusted
1995
Feb.
Percent change at annual rate
Total
Automobile
Revolving
Other3

Mar.

Apr.

May

June

July

1996
Aug.

Sept.

Oct.

Nov.

Dec.

Jan/

Feb.P

2

Amount: billions of dollars
Total
Automobile
Revolving
Other3

5.9
6.3
17.3
-9.8

18.4
8.4
22.5
25.4

17.2
10.7
24.6
15.2

16.3
6.8
24.6
16.6

14.4
9.9
20.5
11.4

10.8
23.3
9.4
-2.6

12.6
9.4
14.1
14.7

5.0
4.9
7.7
1.5

13.7
12.4
16.0
12.1

11.8
15.6
9.1
10.7

11.6
14.4
15.7
2.1

12.7
10.0
17.0
10.2

13.9
10.3
19.0
11.3

918.9
321.0
345.1
252.8

933.0
323.3
351.5
258.2

946.3
326.2
358.7
261.4

959.1
328.0
366.1
265.0

970.6
330.7
372.3
267.5

979.4
337.1
375.3
267.0

989.7
339.8
379.7
270.3

993.8
341.2
382.1
270.6

1,005.2
344.7
387.2
273.3

1,015.0
349.1
390.1
275.8

1,024.8
353.3
395.2
276.2

1,035.7
356.3
400.8
278.6

1,047.7
359.3
407.2
281.2

TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES4
Percent except as noted: not seasonally adjusted
Institution, terms, and type of loan
Commercial banks
Interest rates
48-mo. new car
24-mo. personal
Credit card plan
All accounts
Accounts assessed interest

9.70
14.10

n.a.
n.a.

n.a.
n.a.

9.78
14.03

n.a.
n.a.

n.a.
n.a.

9.44
13.84

n.a.
n.a.

n.a.
n.a.

9.36
13.80

n.a.
n.a.

n.a.
n.a.

9.12
13.63

16.14
15.27

n.a.
n.a.

n.a.
n.a.

16.15
16.23

n.a.
n.a.

n.a.
n.a.

15.98
15.94

n.a.
n.a.

n.a.
n.a.

15.81
15.71

n.a.
n.a.

n.a.
n.a.

15.82
15.41

New car loans at auto finance companies
Interest rates
11.89
Maturity (months)
54.1
Loan-to-value ratio
92
Amount financed (dollars)
15,774

11.95
54.5
92
15,826

11.74
54.6
92
16,029

11.43
54.4
92
16,155

11.08
53.9
92
16,083

11.01
54.1
92
16,086

10.85
53.5
92
16,056

10.75
53.4
92
16,402

10.89
54.6
92
16,430

10.84
54.5
92
16,583

10.52
53.6
92
17,034

9.74
51 8
92
16,698

9.86
52.3
91
16,627

This release is issued around the fifth business day of each month. The exact dale and time may be obtained by calling (202) 452 3206
Footnotes appear on reverse.



CONSUMER INSTALLMENT CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
1995

1996
r

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

917.6

926.5

938.0

950.6

964.3

972.0

990.4

996.5 1,005.4 1,019.0 1,050.6 1,045.6 1,046.1

Commercial banks
Finance companies
Credit unions
Savings institutions 5
Nonfinancial business
Pools of securitized assets6

423.1
134.8
120.5
37.8
55.8
145.5

425.2
135.8
121.6
37.5
55.4
151.1

431.4
137.8
122.8
37.8
55.1
153.0

434.9
139.6
124.0
38.1
55.9
158.1

437.5
141.7
125.3
38.4
56.3
165.0

441.2
142.2
126.5
38.9
56.4
166.9

451.8
145.5
128.4
38.6
55.7
170.3

449.5
146.2
129.0
38.9
54.2
178.7

451.2
148.7
130.3
38.5
54.6
182.1

453.7
147.1
131.0
38.5
53.1
195.6

465.0
152.1
132.0
38.5
57.5
205.6

459.7
151.8
131.6
38.5
54.7
209.2

459.3
153.3
131.3
38.5
52.9
210.8

Major types of credit'
Automobile
Commercial banks
Finance companies
Pools of securitized assets6

318.9
141.8
61.1
34.3

321.4
141.9
61.3
35.2

323.9
142.0
62.4
35.3

326.5
142.9
63.7
36.2

330.7
144.8
65.2
36.7

336.2
146.1
65.9
37.1

341.7
148.5
68.3
36.7

344.4
148.9
68.9
37.5

347.5
150.8
70.8
36.5

351.0
149.9
68.2
43.2

354.4
151.1
70.1
43.7

354.5
152.3
70.8
41.9

356.8
153.2
72.7
41.5

Revolving
Commercial banks
Nonfinancial business5
Pools of securitized assets6

344.8
175.6
50.4
96.6

347.2
175.8
50.0
101.2

354.1
180.6
49.8
103.2

361.3
183.0
50.6
106.8

367.6
183.0
51.0
112.6

370.5
184.2
51.1
114.3

377.8
189.2
50.4
117.7

380.3
185.6
48.9
123.7

384.6
186.5
49.4
126.7

392.7
189.4
47.8
133.0

416.2
198.1
52.0
142.7

409.3
189.3
49.3
147.5

406.9
187.0
47.6
149.3

Other
Commercial banks
Finance companies
Nonfinancial business5
Pools of securitized assets6

253.9
105.8
73.7
5.4
14.6

257.9
107.6
74.5
5.4
14.7

260.0
108.8
75.4
5.3
14.5

262.8
109.0
75.9
5.3
15.1

265.9
109.8
76.6
5.3
15.7

264.7
110.8
76.3
5.3
15.5

269.5
114.1
77.3
5.3
15.9

271.8
115.0
77.3
5.3
17.5

273.3
114.0
77.9
5.2
19.0

275.2
114.4
78.9
5.3
19.4

280.1
115.9
82.0
5.5
19.2

281 8
118.1
81.0
5.4
19.8

282.4
119.2
80.6
5.4
20.0

Total
Major holders

Oct.

Nov.

Dec.

Jan.

Feb.P

1. 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. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other installment loans not included in automobile or revolving credit, such as loans for education, boats, trailers, or vacations These loans may
be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserves Regulation Z. Interest rates for new-car loans and personal loans at commercial banks are simple
unweighted averages of each bank's most common rate charged during the first calendar week of the middle month of each quarter. For credit card accounts, the rate for all accounts
is the stated APR averaged across all credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges at all reporting banks
to the total ayerage daily balances against which the finance charges were assessed (excludes accounts for which no finance charges were assessed) Finance company data are from the
subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans of each type purchased during the month
5. Includes retailers and gasoline companies.
6. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators.
7. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.