Full text of G.19 Consumer Credit : April 6, 1992

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CoflSS&V

FEDERAL RESERVE statistical release
*4l RV

For immediate release
April 6, 1992
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding edged down about
$200 million in February, following virtually no change in January.
Auto credit declined in February as did mobile home and "other."
Revolving credit grew more rapidly in February than in January.
Net change in
amount outstanding
(millions of dollars)
-19911992
Feb p
Jan r
Dec

Annual rate of growth
(percent)
1992—
-1991Feb p
Jan r
Dec

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

-199
-476
1,185
-358
-550

53
347
312
-466
-139

~728
-214
-162
57
-409

-0.3
-2.1
6.1
-23.0
-3.2

-1991Nov

1992Feb

Jan

0.1
1.6
1.6
-29.3
-0.8

Dec

-1.2
-1.0
-0.8
3.6
-2.4

Feb

TERMS OF CREDIT 2/
(not seasonally adjusted)
Interest rates
Commercial banks
9.89
48~mo. new car loan
14.39
24~mo. personal loan
12.93
120-mo. mobile home loan
18.09
Credit card plan
Auto finance companies
10.19
New car loan
14.00
Used car loan
Other terms at
auto finance companies
Maturity (months)
53.8
New car loan
48.0
Used car loan
Loan-to-value ratio (percent)
89
New car loan
97
Used car loan
Amount financed (dollars)
13,340
New car loan
Used car loan
8,912




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14.88
13.37
18.19

11.60
15.42
13.88
18.28

10.61

10.04
14.34

10.41
14.90

1079
15.06

13.16
15.90

53.5
48.4

53.7
46.9

54.1
47.0

55.2
47,1

89
97

88
93

88
96

88
96

13,135
9,007

13,476
9,105

13,245
9,029

12,081
8,605

CONSUMER INSTALLMENT CREDIT, BY HOLOER AND TYPE 1/
Millions of dollars
Feb p
1992

Jan r
1992

Dec
1991

Nov
1991

Oct
1991

Feb
1991

Jan
1991

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

729,274

729,473

729,420

730,147

730,317

732,762

732,962

267,780
236,001
18,292
207,202

268,256
234,816
18,649
207,752

267,909
234,504
19,116
207,891

268,123
234,666
19,059
208,300

270,013
233,661
18,943
207,700

282,626
221,556
20,200
208,379

283,746
219,588
20,459
209,170

not seasonally adjusted
725,774

733,256

743,548

732,256

730,722

729,264

736,399

331,317
127,281
91,471
34,510
39,108
4,151
97,936

335,983
126,677
91,922
35,153
40,580
4,377
98,564

340,930
129,566
92,779
36,014
43,130
4,362
96,767

334,904
130,679
92,373
36,987
38,651
4,388
94,274

335,258
131,778
92,746
37,424
37,359
4,529
91,628

339,282
133,021
91,131
43,875
38,864
4,404
78,687

341,426
134,965
91,991
44,939
40,945
4,766
77,367

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

265,183
116,159
65,412
28,482

266,888
116,750
65,151
29,431

268,284
117,494
66,549
27,997

268,927
118,502
67,907
26,237

272,092
119,276
69,364
26,803

279,913
124,745
70,287
26,872

282,214
126,235
72,015
25,123

Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets 3/

235,033
123,905
34,727
4,151
60,633

239,019
126,736
36,169
4,377
60,087

247,519
132,625
38,652
4,362
60,139

235,675
125,734
34,319
4,388
59,459

231,862
126,234
33,055
4,529
56,290

220,714
125,673
34,509
4,404
44,451

223,606
125,814
36,510
4,766
44,773

18,460
9,409
5,509

18,808
9,638
5,509

18,877
9,552
5,520

19,021
9,656
5,401

19,026
9,600
5,358

20,362
9,730
5,330

20,614
9,748
5,367

207,098
81,844
56,360
4,381

208,541
82,859
56,017
4,411

208,868
81,259
57,497
4,478

208,633
81,012
57,371
4,332

207,742
80,148
57,056
4,304

208,275
79,134
57,404
4,355

209,965
79,629
57,583
4,435

8,821

9,046

8,631

8,578

8,535

7,364

7,471

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

Mobile homes
Commercial banks
Finance companies
Other
Commercial banks
Finance companies
Retailers
Pools of securitized assets
(incl. mobile homes) 3/

1. The Board's series on amounts of credit cover most short- and intermediate-tertn credit
extended to individuals that is scheckjled 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 mid-month of each quarter. 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. Outstanding balances of pools upon which securities have been issuedj these balances
are no longer carried on the balance sheets of the loan originator.
4. Type-of-credit totals include estimates for certain holders for which only consumer
credit totals are available.
r = revised.

p = preliminary.

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




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