Full text of G.19 Consumer Credit : April 7, 1987
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FEDERAL RESERVE statistical release T^TRSV: For immediate release April 7, 1987 G.19 CONSUMER INSTALLMENT CREDIT Consumer installment credit outstanding increased $1,77 billion in February, following a $.79 billion gain in January. The annual rate of increase in February was 3.7 percent compared with the 1.6 percent increase of a month earlier. Revolving credit rebounded in February while the pace of automobile lending picked up a bit from the prior month. All other credit was about unchanged. Net change in amount outstanding (millions of dollars) Feb.1 Total Automobile Revolving Mobile home Other 1,773 717 1,041 -59 74 Jan. 789 416 -23 141 255 Dec Feb.1 Jan. Dec. 144 2,057 552 -21 -2,444 3.7 3.5 9.3 -2.7 0.5 1.6 2.0 -0.2 6.6 1.8 0.3 10.2 4.9 -1.0 -16.8 1986 1987 TERMS OF CREDIT (not seasonally adjusted) Interest rates 1/ Commercial banks 2/ 48-mo. new-car loan 24-mo. personal loan 120-mo. mobile home loan Credit card plan Auto finance companies 3/ New-car loan Used-car loan Other terms at auto finance companies 3 / Maturity (months) New-car loan Used-car loan Loan-to-value ratio (percent) New-car loan Used-car loan Amount financed (dollars) New-car loan Used-car loan 1986 1987 1986 1987 FLOWS OF CREDIT (seasonally adjusted) Annual rate of growth (percent) Feb. Jan. Dec. Nov. Feb. 10.35 14.10 13.42 18.10 n.a. n.a. n.a. n.a. n n n n a. 10.58 14.19 13.49 18.09 12.29 15.52 14.57 18.48 10.78 14.56 11.65 14.62 11.71 15.12 11.83 15.20 9.70 16.74 53.6 44.7 53.8 44.8 53.3 42.7 53.4 42.6 51.3 42.5 94 99 94 98 93 98 93 97 92 95 10,602 7,075 10,902 7,067 10,835 7,168 11,160 6,946 10,074 6,194 CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 4/ Millions of dollars except as noted Net change during month Feb.p 1987 S.A. Total 1,773 Jan.r 1987 S.A. Feb.p 1987 N.S.A. Outstanding at end of month Feb.p 1987 S.A. Feb.p 1987 N.S.A. Feb. 1986 N.S.A. Change from end of Feb. 1986 Percent Amount 8.6 789 -4,589 580,351 576,045 530,413 45,632 82 -1,547 -1,178 -100 -1,780 -184 262,600 136,009 78,728 59,060 40,644 3,311 261,452 133,913 78,027 58,788 40,660 3,205 245,816 116,010 72,132 53,253 39,232 3,970 15,636 17,903 5,895 5,535 1,428 -765 n.a. -140 -915 n.a. n.a. 246,188 101,688 92,780 39,465 12,255 n.a. 100,732 90,507 n.a. n.a. n.a. 93,293 72,300 n.a. n.a. n.a. 7,439 18,207 n.a. n.a. n.a. -735 n.a. -1,717 -184 n.a. 135,957 86,338 7,849 36,308 3,311 2,152 n.a. 86,821 n.a. 36,301 3,205 n.a. n.a. 79,103 n.a. 34,991 3,970 n.a. n.a. 7,718 n.a. 1,310 -765 n.a. -19.3 n.a. 25,793 8,739 9,045 8,008 n.a. 8,676 9,011 n.a. n.a. 9,364 9,441 n.a. n.a. -688 -430 n.a. n.a. -7.3 -4.6 n.a. 172,412 65,835 34,183 37,111 30,947 4,336 n.a. 65,223 34,395 n.a. n.a. 4,359 n.a. 64,056 34,269 n.a. n.a. 4,241 n.a. 1,167 n.a. Major holder Commercial banks Finance companies 5/ Credit unions Saving8 institutions Retailers Gasoline companies 906 207 444 154 27 35 -695 430 869 32 71 200 6.4 15.4 8.2 10.4 3.6 -19.3 Major credit type 6/ 416 678 Automobile Commercial banks Finance companies Credit unions Savings institutions 717 299 163 223 32 Revolving 7/ Commercial banks Saving8 institutions Retailers Gasoline companies Credit unions 1,041 -23 942 20 32 35 12 -259 Mobile home Commercial banks Finance companies Savings institutions -59 -48 -32 21 141 -25 49 118 n.a. -110 n.a. -562 -214 n.a. n.a. Other Commercial banks Finance companies Credit unions Savings institutions Retailers -658 215 180 116 37 71 12 74 255 -287 -311 75 209 80 -4 -86 202 455 -5 -49 n.a. -63 n.a. 8.0 25.2 n.a. n.a. n.a. 9.8 n.a. 3.7 126 1.8 0.4 n.a. n.a. n.a. n.a. 118 2.8 1. Interest rates are annual percentage rates as specified by Regulation Z. 2. Commercial bank data are simple unweighted averages of each bank's "most commmon" rate charged during the first calendar week of the month. 3. 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. 4. 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. Includes outstanding balances on securitized auto loans originated by finance companies. 5. More detail for finance companies is available in the G.20 Statistical Release, Finance Companies. 6. 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. 7. Excludes 30-day charge credit held by travel and entertainment companies. n.a." Data not available. S.A. r * revised. p • preliminary. Seasonally adjusted. 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. The exact
