Full text of G.19 Consumer Credit : August 5, 1994
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1 (\5fi^X vr\ ' FEDERAL RESERVE statistical release Tliis release is issued around the fifth business day of each month. The exact date and time may be obtained by calling ( 2 0 2 ) 452—3206 •f^ne^v For release at 4 p.m. (Eastern Time) August 5, 1994 G. 19 CONSUMER INSTALLMENT CREDIT June 1994 Consumer installment credit outstanding rose $10.9 billion in June, following an $11.5 billion increase in May. Automobile credit outstanding grew $4.6 billion in June and revolving credit advanced by $4 billion. "Other" credit increased $2.3 billion. MONTHLY CHANGE IN CREDIT OUTSTANDING1 Seasonally adjusted Amount (millions of dollars) Type of credit 1994 Apr. May r 11,460 Total 10,115 3,827 Automobile 4,826 4,208 Revolving 5,163 3,424 Other2 126 Annual rate (percent) 1994 May r 16.6 15.7 16.6 17.9 Apr. 14.9 20.1 20.7 0.7 June? 10,886 4,634 3,992 2,261 TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3 Percent except as noted, not seasonally adjusted 1993 Institution, terms, and type of loan May June Nov. Feb. Commercial banks Interest rates 48-mo. new car loan 24-mo. personal loan 120-mo. mobile home loan Credit card plan 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 Notes appear on reverse. June? 15.6 18.8 15.5 11.6 1994 May June 8.17 13.63 12.00 17.15 n.a. n.a. a a. n.a. 7.63 13.22 11.55 16.30 7.54 12.89 11.56 16.06 7.76 12.96 11.60 16.15 n.a. n.a. n.a. n.a. 9.51 12.61 9.45 12.55 8.96 12.41 8.93 12.23 9.92 13.51 9.96 13.78 54.4 48.9 54.6 49.0 54.5 48.4 54.4 50.3 53.5 50.6 53.3 50.0 91 98 91 98 91 98 91 99 93 99 94 100 14,146 9,829 14,296 9,912 14,839 10,230 14,904 10,449 15,194 10,606 15,180 10,656 CONSUMER INSTALLMENT CREDIT OUTSTANDING (Millions of dollars) [ Type of credit and holder 1993 June July Aug. Sept. 1994 Oct. Nov. Dec. Jan. Feb. Mar. Apr. , May r June P Seasonally adjusted Total Automobile Revolving Other2 ' t 752081 757554 762156 772045 779220 786911 795573 800912 805787 817173 827288 838748 266061 268261 270311 273383 277737 280561 281504 283453 284388 287912 292738 296566 301199 269644 273520 275430 279324 281486 285508 287970 290807 294461 299218 304381 308590 312581 216376 215773 216415 219338 219996 220842 226099 226651 226938 230043 230168 233593 235854 849634 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 assets5 Revolving Commercial banks Nonfinancial Business4 Pools of securitized assets5 Other Commercial banks Finance companies Nonfinancial Business4 Pools of securitized assets5 746917 752316 761488 773778 779635 788453 813864 808010 805015 812477 821754 831515 843646 336249 341958 346252 351673 354169 360286 368549 367883 366712 369710 376379 380063 385895 111329 113076 111863 112645 112602 114800 117463 117936 118095 120061 122845 120775 123114 95387 96075 98056 98893 99341 98501 101634 100554 100984 102683 104153 107423 110301 37469 36484 35920 37398 37633 37856 38078 38328 38578 38828 39078 39255 39400 46394 47076 48145 48871 49839 51909 57637 55228 53453 53410 53756 54505 55374 120089 117647 121252 124298 126051 125101 130503 128081 127193 127785 125543 129494 129562 • 265429 267530 271502 275402 279885 280894 282291 282418 283429 287476 291352 295066 300411 114541 116329 118095 120523 122326 122660 123358 124238 124449 126949 130104 132979 135800 55592 56817 55247 55057 54324 55337 55274 56509 56963 57797 59458 56614 56932 35687 34558 37171 37984 40233 39140 39490 37426 36599 36613 34531 35836 35817 266609 270221 273786 278000 279605 286726 303430 296852 294112 296023 300457 304586 309002 131073 135544 136874 138262 138685 143353 149527 145673 144274 145701 149265 149972 153027 41269 41918 42956 43663 44637 46641 52113 49757 48017 47937 48279 49005 49845 72991 71889 73218 75039 75012 75369 79887 79444 79597 79768 79927 82064 82076 214879 214565 216200 220376 220145 220833 228143 228740 227474 228978 229945 231863 234233 90635 90085 91283 92888 93158 94273 95664 97972 97989 97060 97010 97112 97068 55737 56259 56616 57588 58278 59463 62189 61427 61132 62264 63387 64161 66182 5125 5158 5189 5208 5202 5268 5524 5471 5436 5473 5477 5500 5529 11411 11200 10863 11275 10806 10592 11126 11211 10997 11404 11085 11594 11669 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. 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. 3. Interest rates are annual percentage rates as specified by the Federal Reserve's Regulation Z. Interest rates 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. 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. 4. Includes retailers and gasoline companies. 5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators. 6. Includes estimates for holders that do not separately report consumer credit holding by type, r = revised, p = preliminary. CONSUMER INSTALLMENT CREDIT OUTSTANDING (Millions of dollars) 1991 1990 Type of credit and holder Dec.r Jan.r Feb.r Mar.r Apr/ Juner May r Julyr Aug.r Sept.1" Oct.r Nov. r Dec. r 728398 Seasonally adjusttd Total Automobile Revolving Other2 734621 731179 730757 732249 732140 732077 730532 729708 728839 728015 729626 728226 282984 280606 278183 276184 273506 270484 268228 266339 264423 262593 262019 260487 260574 223589 223249 226566 230872 232601 234718 235713 237050 239161 241457 243959 244896 245631 228047 227324 226008 225193 226032 226875 226591 226319 225255 223965 223647 222843 222193 Not seasonally adjusted Total Major holders Commercial banks Finance companies Credit unions Savings institutions Nonfinancial businesses4 Pools of securitized assets5 Major types of credit6 Automobile Commercial banks Finance companies Pools of securitized assets5 Revolving Commercial banks Nonfinancial businesses4 Pools of securitized assets5 Other Commercial banks Finance companies Nonfinancial businesses4 Pools of securitized assets5 749146 737376 730351 727351 727401 726489 726294 725198 728443 729104 729763 729687 744243 347087 340728 338409 334709 335206 333352 331873 332541 333655 333417 335342 333729 340713 133863 131523 129026 127103 127673 127852 127492 127416 128630 125301 124302 123230 121904 91597 90280 89166 88475 88527 88352 88519 88117 88940 89221 88777 88524 90302 48200 48021 48056 48415 47289 46245 45432 44550 43398 42505 42979 42515 41373 49931 47092 44589 43573 43145 42064 41666 41513 42453 41562 41491 42852 46658 78468 79732 81105 85076 85561 88624 91312 91061 91367 97098 96872 98837 103293 283123 279862 276918 274645 271973 269298 267969 265996 265812 264625 264001 260831 261046 124913 124440 122501 120719 119569 118041 117566 116832 115641 114345 114149 113499 112666 75045 72419 70111 68690 68697 67525 67939 67783 68790 66933 66225 64842 63415 24212 24815 26563 27456 26475 26934 25854 25666 25296 27110 27322 26238 28588 235846 228040 226221 228061 229597 231601 233222 234274 237753 240194 242225 245985 259001 133385 127083 127259 126523 128230 128585 126961 127818 129277 129331 131299 130455 138005 44915 42162 39738 38754 38338 37234 36835 36684 37625 36743 36678 38006 41658 45115 45653 45332 48060 48407 51258 54931 55071 55916 58948 58692 61756 63333 230177 229474 227212 224645 225831 225590 225103 224928 224878 224285 223537 222871 224196 88789 89205 88649 87467 87407 86726 87346 87891 88737 89741 89894 89775 90042 58818 59104 58915 58413 58976 60327 59553 59633 59840 58368 58077 58388 58489 5016 4930 4851 4819 4807 4830 4831 4829 4828 4819 4813 4846 5000 9141 9264 9210 9560 10679 10432 10527 10324 10155 11040 10858 10843 11372 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. 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. 3. Interest rates are annual percentage rates as specified by the Federal Reserve's Regulation Z. Interest rates 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. 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 dunng the month. 4 Includes retailers and gasoline companies. 5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators. 6. Includes estimates for holders that do not separately report consumer credit holding by type, r = revised, p = preliminary. CONSUMER INSTALLMENT CREDIT OUTSTANDING (Millions of dollars) 1990 1989 Type of credit and holder Dec. Jan. r Feb. Mar. Apr.T June 1 May 1 July r Aug. Sept.» Oct. Nov.r Dec. Seasonally adjusted Total Automobile Revolving Other2 717200 718575 291531 291171 199162 201135 226508 226269 721621 291016 203851 226753 721758 290369 205102 226287 723683 289984 207023 226675 726770 728963 734505 290020 289683 289893 210360 212528 216149 226390 226752 228463 735566 288042 218768 228756 737096 287274 220730 229093 736559 286061 221895 228602 737895 284952 224468 228474 734621 282984 223589 228047 Not seasonally adjusted Total Major holders Commercial banks Finance companies Credit unions Savings institutions Nonfinancial businesses4 Pools of securitized assetsMajor types of credit6 Automobile Commercial banks Finance companies Pools of securitized assetsRevolving Commercial banks Nonfinancial businesses4 Pools of securitized assets'" Other Commercial banks Finance companies Nonfinancial businesses4 Pools of securitized assets3 730148 724126 720691 716405 718881 721739 725412 730552 735553 738243 736868 739605 749146 342770 341319 338333 333046 336026 337475 334138 336658 340525 342698 341580 138858 138729 137031 135773 136053 136227 136448 138384 137701 138920 139409 91835 347087 133863 91597 48200 49931 78468 283123 124913 75045 91654 91140 90510 90034 90144 90290 90360 90842 91672 91628 60057 58656 58141 58120 57500 56060 55128 54469 53043 51392 50240 48089 45830 43892 43733 43448 43746 44111 43918 44906 44527 43936 48720 48452 52784 55699 55710 57941 65227 66281 67706 69078 69868 342534 136488 91617 50133 45048 73785 291340 290277 289198 288035 287960 288761 289677 289804 289795 289898 288309 285666 126288 126919 126814 125814 126154 126752 126897 126475 127647 128268 127218 125647 84126 83349 81648 81006 80804 80462 79834 80173 79253 79978 80035 76524 18080 17729 18838 19487 19262 20000 21492 21839 21726 21120 20657 23183 24212 210174 205565 203511 202464 204374 207571 210322 213656 217446 219526 220293 225448 130811 128481 125151 122322 124262 125619 122516 125248 126683 127415 127425 43518 41288 39379 39193 38886 39138 39454 39239 40170 39773 39161 129752 40201 43090 228491 87135 59964 4847 7512 235846 133385 44915 45115 230177 88789 58818 5016 9141 23486 23709 27063 29132 29342 30964 36483 37194 38595 40405 41594 228634 228284 227982 225906 226547 225407 225413 227092 228312 228819 228266 85671 85919 86368 84910 85610 85104 84725 84935 86195 87015 86937 54732 55380 55383 54767 55249 55765 56614 58211 58448 58942 59374 4571 4542 4513 4540 4562 4608 4657 4679 4736 4754 4775 7154 7014 6883 7080 7106 6977 7252 7248 7385 7553 7617 1. Covers most short- and lntermediaic-tcmi 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. 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 3. Interest rates are annual percentage rates as specified by the Federal Reserve's Regulation Z. Interest rates at commercial banks are simple unweighted averages of each bank's most common rate charged dunng the first calendar week of the middle month of each quarter. Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans ol each type puiu c i m s w v J > trine the month. 4. Includes retailers and gasoline companies. c ^"•ctanrlino balances of pools upon which securities have been issued- th^p balance , « «~ i~«~~- ~~~-:~J — *i-~ i~i_ 1988 Type of credit and holder Dec. 1989 Jan. ' Feb. r Mar. ' Apr. r May ' June r Julyr Aug. ' Sept.r Oct. r Nov.1" Dec.r Soasonally adjust Total Automobile Revolving Other2 661812 678882 682174 685698 690518 695533 698871 701928 706352 708557 712582 715112 717200 285524 288295 289070 289011 289996 290968 290917 290796 291386 290499 291917 292289 291531 174356 175088 176803 179879 181875 183679 186094 187667 190719 191674 193246 195684 199162 201931 215500 216301 216808 218647 220886 221860 223465 224247 226384 227419 227139 226508 Not seasonally adjusted Total Major holders Commercial banks Finance companies Credit unions Savings institutions NonfinanciaJ businesses4 Pools of securitized assets5 Major types of credit6 Automobile Commercial banks Finance companies Pools of securitized assets5 Revolving Commercial banks NonfinanciaJ businesses4 Pools of securitized assets5 Other Commercial banks Finance companies Nonfinancial businesses4 Pools of securitized assets5 673335 683313 680313 679778 685618 690822 695863 698763 707031 710025 713323 717317 730148 324792 318934 317887 316413 320593 323055 324967 325893 330488 332502 335220 336537 342770 144677 139605 138587 137454 138968 140489 142103 142633 143205 144432 141472 140864 138858 88340 86665 86482 86747 87394 87836 88288 88951 90316 90948 91323 91367 91654 63414 63490 63469 62873 63184 63342 62532 62527 62400 61830 61126 60764 60057 52112 45229 43160 42280 42336 42868 42878 42969 43613 43050 42762 43669 48089 n.a. 29390 30728 34011 33143 33232 35095 35790 37009 37263 41420 44116 48720 285421 287172 286634 285894 287478 289383 290924 290996 293563 293806 294643 293533 291340 123392 121265 121554 121413 122304 123447 124596 124389 126571 126972 128215 128025 126288 98338 88044 86842 87199 88159 89427 90561 90638 91269 91544 88088 87104 84126 n.a. 15069 15598 14727 14091 13365 12670 12744 12047 11665 14935 15293 18080 184060 179004 176480 177435 179546 181254 184212 185522 189534 190599 191824 196510 210174 123020 114143 112734 112088 114262 115018 115580 116214 118083 119413 120410 122527 130811 47507 40707 38728 37880 37975 38507 38513 38619 39238 38683 38415 39285 43518 n.a. 10782 11739 14333 14178 14632 17181 17794 19336 19740 20379 22195 23486 203855 217137 217199 216449 218594 220185 220727 222245 223934 225620 226856 227274 228634 78380 83526 83599 82912 84027 84590 84791 85290 85834 86117 86595 85985 85671 46339 51561 51745 50255 50809 51062 51542 51995 51936 52888 53384 53760 54732 4605 4522 4432 4400 4361 4361 4365 4350 4375 4367 4347 4384 4571 n.a. 3539 3391 4951 4874 5235 5244 5252 5626 5858 6106 6628 7154 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. Compnses 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. 3. Interest rates are annual percentage rates as specified by the Federal Reserve's Regulation Z. Interest rates 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 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. 4. Includes retailers and gasoline companies. 5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators. 6. Includes estimates for holders that do not separately report consumer credit holding by type, r =• revised, p = preliminary.
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