Full text of G.19 Consumer Credit : April 7, 1995

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, ' " o? COu

FEDERAL RESERVE statistical release
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452-3206

*^fi^X

For release at 4 p.m. (Eastern Time)
April 7, 1995

G. 19
CONSUMER INSTALLMENT CREDIT
February 1995

Consumer installment credit outstanding increased $8.2 billion in February, a little less than in Januaiy Both auto and
revolving credit grew more rapidly in February. "Other" installment credit declined $1.0 billion in Februaiy following a
$3.2 billion rise in January.
MONTHLY CHANGE IN CREDIT OUTSTANDING1
Seasonally adjusted
Type of credit

Total
Automobile
Revolving
Other 2

1994
Dec.
6,554
1,072
2,851
2,631

Annual rait
(perceni)

Amount
(millions of dollars)
1995
r
Jan.
9,026
336
5,490
3,199

<K)5

1994
Dec.
8.7
4.0
10.2
12,8

Feb. P
8,159
2,849
6,287
-977

Jan
1 !9

Feb. r
H!6
10.5
22.0

!*> 5
i5 •+

-4.6

TRMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3
Percent except as noted, not seasonally adjusted
1994
Institution, terms, and type of loan
Commercial banks
Interest rates
48-mo. new car loan
24-mo. personal loan
Credit card plan*
All accounts
Accounts assessed interest
Auto finance companies
Interest rates
New car
Used car
Maturity (months)
New car
Used car
Loan-to-value ratio
New car
Used car
Amount financed (dollars)
New car
Used car

199^

Jan.

Feb.

Nov.

Dec.

Jan.

Feb.

n.a.
n.a.

7,54
12.89

8.75
13,59

n.a,
n.a.

n.a.
n.a.

9.. 70
14,10

n.a.
n.a.

n.a.
n.a.

15.91
15.74

n.a.
n.a.

ii.a
';\ i

16.24
i s ?9

7.55
12.02

8.93
12.23

10.53
14.19

10.72
14.48

ii.35
14 cr.

! 1.89
15.06

52.9
50.0

54.4
50.3

54.6
503

53.9
50.3

5 •>

51: 0

54.1
52.0

91
98

91
99

93
100

92
100

92
99

92
99

15,330
10,434

14,904
10,449

15,971
11,202

16,187
11,309

16,068"
11,185

15.774
11,181

J

* Data on credit card rates now are being collected in a new survey that was conducted for the first time for November.. 1 994. The rates
for all accounts and for accounts assessed interest are described in footnote 3.
Other notes appear on reverse.




loaCONSUMER INSTALLMENT CREDIT OUTSTANDING
(Millions of dollars)
1994

Type oi credit and holder

Ivh

Mar.

Apr.

Max

June

JuK

1995
Aug.

Sept.

(Hi.

No\.

Dec.

Jan. '

Feb. P

928496

Seasonally adjustec

Total
Automobile
Revolving
Other2

802720

813750

823342

836936

847715

854469

869628

879961

891603

904757

9113H

920337

284447

288663

293018

298278

303526

305193

109721

315162

118016

323447

124519

324855

327704

292604

296710

101260

305528

309472

<13591

121165

322823

127707

334843

337694

343184

>19471

225668

228376

229064

233 n o

234717

235685

238542

241976

245860

246467

249098

252298

251321

Not seasonally adjusted

Total
Major holders
Commercial banks
Finance companies
Credit unions
Savings institutions
Nonfinancial business4
Pools of securitized assets5
Major types of credit6
Automobile
Commercial banks
Finance companies
Pools of securitized assets^
Revolving
Commercial banks
Nonfinancial business4
Pools of securitized assets5
Other
Commercial banks
Finance companies
Nonfinancial business4
Pools of securitized assets5

803323

8100^0

366712
118014
100259

h

847727

868049

880609

891442

906436

93 2890

929329

928612

386235

193927

404438

410312

414833

421790

434790

431745

432883

124318

123202

125197

130306

111562

132874

134830

136706

135004

1081X3

109818

113122

114699

116325

117984

120158

120668

121067
39399

818956

810065

842126

369710

176379

380063

120113

122806

122204

10158.1

102718

105718

371X0

37141

37472

17803

18134

38055

37975

37943

18122

38275

38750

39250

5 "145'4

53756

54505

55.174

55775

56496

55967

56020

58247

64944

61382

59169

127485

5*410
128073

125825

129772

J 29882

1269K)

130821

131382

114580

137266

139418

139.578

141090

283806

288132

291957

297172

102874

104026

110925

316778

120182

323744

325536

324826

326754

124449

126949

130104

112979

1 16038

138907

142452

144260

146456

148004

148117

147319

148355

5825 ^

58999

60660

59398

59788

58107

58589

60522

60750

61172

61609

62321

61067

16599

36613

14531

35836

3.5817

34416

34584

35149

14394

34301

34515

32902

292487

293570

297740

301609

305758

109716

319003

321205

325872

3.36575

355859

350035

349169

144274

145701

149265

149972

153032

156940

161417

164724

165561

171318

180530

176635

177241#

48017

47937

48279

49005

49845

50218

50873

50314

50332

52475

58870

55405

53257

79597

79768

79927

82064

82075

81704

85644

85051

88762

91469

93545

95015

95724

227010

228328

229259

231284

233494

231985

238121

242626

245388

246117

251495

254468

252689

97989

97060

97010

97112

97165

98080

100569

101328

102816

102468

106143

107791

107287

59781

61114

62146

62806

64530

65095

66608

69784

70812

71502

73221

74385

73937

5416

5473

5477

5500

5529

5.557

5623

5653

5688

5772

6074

5977

5912

11289

11692

11367

11872

11990

10790

10593

11182

11424

11496

11358

11661

11430

33936 '

1. Covers most short- and intermediate-term t redit 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. Comprises mobile home loan> and all other installment loans not included in automobile or revolving credit, such as loans tor education, boats, trailers, or vacations. These loans may be secured or unsecured.
;
. Interest rates are annual percentage rales (APR) as specified by the Federal Reserve's Regulation / . 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 (or 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 average 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 l.: S. automobile manufacturers and are volume weighted averages covering all loans of each type purchased during the month.
4. Includes retailers and gasoline companies.
5. Outstanding balances of pools upon which securities have been issued: these balances are no longei earned on the balance sheets of the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding b\ type,
r = revised.
p = preliminary.