Full text of G.19 Consumer Credit : April 7, 1980

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••«&

FEDERAL RESERVE statistical release
^f^LRESf:

G. 19

FOR IMMEDIATE RELEASE
APRIL 7, 1980

(421)

CONSUMER INSTALLMENT CREDIT - FEBRUARY

1980

CONSUMER INSTALLMENT CREDIT OUTSTANDING INCREASED $2.91 BILLION DURING
FEBRUARY, AFTER SEASONAL ADJUSTMENT, UP FROM THE $1.37 BILLION GAIN IN JANUARY.
THE FEBRUARY EXPANSION MEASURED SLIGHTLY ABOVE
AN 11 PERCENT ANNUAL RATE OF GROWTH,
COMPARED WITH 5 PERCENT IN BOTH DECEMBER AND JANUARY, BUT STILL BELOW THE 1979
AVERAGE OF 13 PERCENT.
SLOWER LIQUIDATION OF EXISTING DEBT WAS PARTLY RESPONSIBLE FOR THE INCREASE
IN DEBT OUTSTANDING.
LIQUIDATIONS DROPPED TO $24.44 BILLION, SEASONALLY ADJUSTED, IN
FEBRUARY, FROM $25.33 BILLION IN JANUARY.
EXTENSIONS MEANWHILE ROSE MODERATELY,
REACHING $27.35 BILLION IN FEBRUARY FROM $26.70 BILLION THE MONTH BEFORE.

(IN MILLIONS OF DOLLARS)
[NSTALLMENT

CREDIT

FEE. 1980 } JAN. 1980
(SEASONALLY ADJ.)

FEB. 1980 | FEB. 1979 |LATEST 12 MONTHS
(NOT SEAS.ADJ.)
\ (NOT SEAS.ADJ.)
•

AMOUNT EXTENDED:
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER

27,3481
!
7,8611
10,4581
5971
8,4321

26,7021
7,780
10,475

553
7,889

I
AMOUNT

LIQUIDATED

NET CHANGE IN AMOUNT
OUTSTANDING:
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT OUTSTANDING,
END OF MONTH

24,438!
I
I
2,9101
I
1,4051
5751
1981
7321
I
I

(2)

I

25,3301

1/3721
972J
289
120
-9

(2)

23,343|
I
6,8101
8,968!
452J
7,1131
I
I
23,607)
I
1
-2641
694J
-898!
89 I
-149!
I
!
308 , 7 1 6 !

!

-

21,999!
!
6,5791
7,721!
362!
7,3371

324,701
92,110
122,989
6,586
103,016

I
I
21,317!

292,003

682!

32,698

890!
-930!

(<0
(<»)

7181
1
1
276 ,019!

w
(2)

NOTE: THE BOARD'S SERIES COVERS MOST SHORT- AND INTERMEDIATE-TERM C REDIT EXTENDED
TO INDIVIDUALS THROUGH REGULAR BUSINESS C HANNELS, USUALLY TO FINANCE THE
PURCHASE OF CONSUMER GOODS AND SERVICES O R TO REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID (OR WITH THE OPTION OF REPAYMENT)
IN TWO OR MORE INSTALLMENTS.
DETAILS MAY NOT ADD TO TOTALS D UE TO ROUNDING.
CREDIT CARDS AT RETAILERS, GASOLINE COMPA NIES AND COMMERCIAL BANKS, AND
(1)
CHECK CREDIT AT COMMERCIAL BANKS.
NOT APPLICABLE OR NOT AVAILABLE.
(2)
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
(3)
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE T 0 DIFFERENT
AGGREGATION METHODS.
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
()
*
"CHANGE FROM END OF FEBRUARY 1979 AMOUNT N.S.A."




(3)

CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE

FEB. 1980

(IN MILLIONS OF DOLLARS)

L I

11

E X T E N D E D

Q U I D A T E

D

INSTALLMENT CREDIT BY
|
|
!

UOLDER AND TYPE

FEB.
1980
S.A.

|
|
1

1

BY MAJOR HOLDER

27,3481
i
1
1
1
12,004|
5,911!
2,495|
4,042|
775!
2,004!
117|

I
|
I

FEB.
1979
S.A.

J
!
I

FEB.
1980
N.S.A.

| |
| 1
1 I

1

|
1
1
1
1

TOTAL

JAN.
1980
S.A.

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS ( 2 )
SAVINGS AND LOANS
GASOLINE COMPANIES
MUTUAL SAVINGS BANKS

26,702!

12,1261
5,540!
2,527!
4,010|
485|
1,8891
125|

26,452!

12,430!
5,072|
3,238|
3,460!
468!
1,4861
298|

23,3431 |
1
I
1
!
10,317! 1
4,902! !
2,199| |
3,313! I
669! I
1,8291 I
114| 1

1
1

AUTOMOBILE

7,861|

COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE COMPANIES

!

3,936|
2,096|
1,840!
1,338!
2,587!
I
10,458!

REVOLVING

7,780|

7,7561

4,0261
2, 154|
1,8721
1,348|
2,406|

4,4301
2,472!
1,958!
1,6241
1,7021

10,475!

9,357|

|

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNIONS

]
j
|

4,920|
3,534!
2,004!
1

5, 0 3 0 |
3,556!
1,8891

4,860|
3,011 I
1,486!

597!
1
304|
801
207!
6|

558!

454!

3511
871
112!
8!

295!
601
81 I
18}

7,889|

8,885|

2,719!
3,047|
1,171]
454|
373J
125|

2,845|
3,310!
1,5961
449!
387J
298!

1

8,432!

COMMERCIAL BANKS
|
FINANCE COMPANIES
|
CREDIT UNIONS
,
RETAILERS
|
SAVINGS AND LOANS
|
MUTUAL SAVINGS BANKS |

2,844J
3,244|
1,151|
508J
568|
117!

OTHER

(1)
(2)

I

|
1
|

FEB.
1979
S.A.

!
FEB.
1
1980
I N.S.A.

24,43Q|

25,330!

22,889 I

11,6931
4,444|
2,851!
3,890|
478|
1,839!
135!

10,800
3,612
2,836
3,681
382
1,418
160

I
»
!
I
|
1
1

10,936!
3,555|
2,761!
3,989|
444|
1,795!
127|

2910| |

1
783|
! 19911
1 -373|
1
53)
1
306|
1
166|
1
-16|

I
|
I
I
I
I
I

308,7161

32,697!

1
I
11,221!
3,920!
2,868!
3,989!
469|
1,8381
133!

23,607| |

1
!

1
1
148,249 1
70,071I
46,707I
26,3091
10,543|
4,4671
2,370I
I

6,810!
I
3,478|
1,891!
1,587!
1,1911
2,141!
I

6,456!

6,808|

6,191

6,1161 I

3,914|
2,0481
1,866!
1,515|
1,0271

3,943!
2,082!
1,8611
1,482|
1,3831

3,691 1
1,942
1,749
1,434
1,066

3,7581
22!
1,962»
48} I
1,7961 1
-26|
-177| I
1,460!
1560|
898!

8,968!

9,883|

10,186!

9,040

9,866!

1405» I

575]

4,26 9 I
2,870|
1,829!
1
452! 1
11
233!
5811
156| J
51!
I |
7,11311
1 |
2,337!|
2,703| 1
1,003| 1
4431 !
513M
114| |

4,537!
3,5081
1,8381

4,921|
3,426|
1,839|

4,368
3,254
1,418!

4,535|
3,5361
1,795|

399!

438 I

398I

247J
48!
92!
12|

2831
39|
102|
141

280
511
53!
14

7,700|

7,8981

7,260!

7,262!

2,523!
2,845!
1,341|
4811
377|
1331

2,546 |
3,022|
1,3551
464»
376|
135!

2,461|
2,495?
1,388!
427!
329!
160J

2,416|j
321)1
2,612!I
3991!
1,290|| -190|J
271 |
45311
364| !
19111
-161|
127| |

!
!

115,4551
1
64,544 1
36,949 I
27.595 I
22,335I
28,576 I
I
53,522

11,6751
1
3,491)
2,688|
803*
501|
7,683!
I
7,936!
1
4,0731
2,6701
1,193!

383|
26f I
1 6 6 11

28,575
20,480
4,467

363|

1981'

17,476

2271
45J J
80! |
11! !

571'
321!
115H
-611

9 , 9 74 |
3,428J
3,578|
496!

t

1,4681
I
479!
281)
698J
10|




11.2
5.7
7.8
3.0
2.3
36.8
17.4
1K.6
15.0
36.4
9.?
5.0
8.9
24.2
2. 1

i

732|

122,263)

11,618!

10.5

45,156|
38,0671
23,8761
5,829|
6,96*|
2,370|

3,535!
6,178|
f35|
393!
1,357!
-380!

8.5
19.4
2.3
7.2
24.2
•13.5

•

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHAPGEOFFS, AND OTHER CREDITS).
INCLUDES AUTO DEALERS AND EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILERS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.
NOTE:

11."8

t
!
11,5781
8.5
25.3
14,142!
1,046!
2,3
3,063!
13.2
2,055!
24.2
36.4
1,193!
-380| -13.9
1

1
!

!

I
COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES

JAN.
1980
S.A.

1
1
!

1

TYPE

1
1
!

1

i

BY MAJOR CREDIT

FEB.
1980
S.A.

j ( NET | | 0 U T S T A N D I N G
» CHG J
! I F E B . 1 | END OF ICHAN3B FROI END
I | 1980| |
FEB.
I OF
FE£. 1970
1980
I AMOUNT!
| 1 S.A.| I
PER1 (D I | N* S . A • I N . S . A . ! CENT

S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.