Full text of G.19 Consumer Credit : August 7, 1990

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FEDERAL RESERVE statistical release
For immediate release
August 7, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding grew $0.5 billion in June,
following a $3.7 billion rise in May. The rate of advance, at 0.8 percent,
was slightly above that in April but well below the May increase.
Outstanding auto loans declined while growth in revolving credit slowed.
"Other" credit outstanding rose and mobile home loans fell.
Net change in
amount outstanding
(millions of dollars)
1990
Jun p
May r
Apr

Annual rate of growth
(percent)
1990
Jun p
May r
Apr

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

463

3,650

390

-1,584
1,304

-5
3,188

-1,996
1,702

-85
827

113
353

-6
689

0.6
-8.2
10.1
-0.3
4.0

6.1
0.0
18.8
6.0
2.1

0.8
-6.6
7.6
-4.5
4.8

1989Jun

1990

Jun

May

Mar

Apr

TERMS OF CREDIT 2/
(not seasonally adjusted)
Interest rates
Commercial banks
48-mo. new car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies
New car loan
Used car loan

n .a.
n .a.
n .a .
n .a.

11.82
15.41
14.09
18.14

n.a.
n .a.
n .a.
n .a.

n.a.
n.a.
n.a.
n.a.

n.a.
n.a.
n.a.
n.a.

12.58
16.00

12.23
16.03

12.21
16.02

12.31
15.97

11.96
16.45

54.5
46.1

54.2
46.5

54.3
46.4

53.0
46.5

87
96

87
96

88
95

91
97

12,064
8,169

12,089
8,105

12,216
8,132

12,065
7,921

Other terms at
auto finance companies
Maturity (months)
54.8
New car loan
46.2
Used car loan
Loan-to-value ratio (percent)
New car loan
87
95
Used car loan
Amount financed (dollars)
12,108
New car loan
8,296
Used car loan




CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Jun p
1990

May r
1990

Apr

Mar

Feb

Jun

May

1990

1990

1990

1989

1989

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

724,9*8

724,485

720,835

720,445

717,869

697,262

695,627

287,348
208,458
22,731
206,412

288,931
207,153
22,815
205,585

288,936
203,965
22,702
205,232

290,932
202,263
22,708
204,543

289,629
199,927
22,633
205,680

290,583
184,239
23,309
199,130

290,954
182,847
23,505
198,320

not seasonally adjusted
723,300

720,045

715,801

713,138

717,062

695,602

691,223

335,951
138,642
90,482
52,902
37,382
4,192
63,749

339,328
138,384
89,913
53,301
37,347
4,024
57,748

337,576
138,174
89,689
53,606
37,207
3,928
55,621

334,645
137,857
89,556
54,095
37,302
3,792
55,891

339,418
139,115
90,127
54,771
37,904
3,803
51,924

324,967
143,858
89,694
60,208
37,899
3,957
35,019

323,055
142,207
89,235
61,471
38,269
3,768
33,218

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

287,434
126,992
78,273
21,043

287,140
127,056
78,927
20,151

286,220
126,483
79,295
19,406

286,539
126,289
79,523
19,563

288,036
127,149
80,227
18,931

290,554
124,596
89,312
12,699

289,034
123,447
88,204
13,397

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

206,915
122,142
32,884
4,192
36,125

204,854
125,433
32,857
4,024
30,913

201,783
124,039
32,721
3,928
29,403

199,937
122,024
32,794
3,792
29,542

200,147
124,821
33,378
3,803
26,204

182,839
115,580
33,486
3,957
17,172

180,744
115,018
33,868
3,768
14,623

22,642
9,294
5,266

22,610
9,295
5,224

22,484
9,231
5,168

22,426
9,142
5,178

22,726
9,162
5,410

23,218
9,004
5,659

23,303
8,974

206,309
77,523
55,103
4,498

205,441
77,544
54,233
4,490

205,314
77,823
53,711
4,486

204,236
77,190
53,156
4,508

206,153
78,286
53,478
4,526

198,991
75,787
48,887
4,413

198,142
75,616
48,365
4,401

6,581

6,684

6,812

6,786

6,789

5,148

5,198

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/

5,638

1. 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, 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 month. 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 issued; 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.

preliminary.

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.




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