Full text of G.19 Consumer Credit : August 7, 1991

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FEDERAL RESERVE statistical release
'fSSSS?:For immediate release
August 7, 1991
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding fell $1.8 billion in June,
following a $1.3 billion decline in May. Auto credit declined for the
sixth consecutive month; "other11 credit also decreased during the month.
Revolving credit growth slowed significantly in June, while outstanding mobile
home loans rose for the first time in six months.
Net change in
amount outstanding
(millions of dollars)
1991
Jun p
May r
Apr

Annual rate of growth
(percent)
1991
Jun p
May r
Apr

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

-1,830
-2,353
424
143
-43

-1,331
-3,252
1,307
-302
915

1,179
-943
1,177
-24
969

-3.0
-10.2
2.2
8.6
-0.2

-2.2
-13.9
6.9
-18.0
5.3

Apr

Mar

__1990__
Jun

1991

Jun

May

1.9
-4.0
6.3
-1.5
5.6

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 .
12.77
15.74

Other terms at
auto finance companies
Maturity (months)
New car loan
55.5
Used car loan
47.3
Loan-to-value ratio (percent)
New car loan
88
Used car loan
97
Amount financed (dollars)
New car loan
12,343
Used car loan
8,916




11.28
15.16
13.80
18.22

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

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

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

12.95
15.85

13.14
15.82

13.14
15.82

12.58
16.00

55.4
47.3

55.4
47.3

55.2
47.2

54.8
46.2

87
96

87
97

87
97

87
95

12,204
8,873

11,993
8,751

12,121
8,763

12,108
8,296

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Jun p
1991

May r
1991

Apr
1991

Mar
1991

Feb
1991

May
1990

Jun
1990

--seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

730,460

732,289

733,621

732,442

732,762

730,355

729,528

274,141
227,726
19,939
208,654

276,494
227,301
19,796
208,697

279,746
225,994
20,098
207,782

280,689
224,817
20,123
206,813

282,626
221,556
20,200
208,379

288,797
212,043
21,761
207,754

289,416
210,618
22,073
207,421

not seasonally adjusted
727,890

727,717

727,907

725,462

729,264

727,956

724,961

333,367
133,903
91,600
40,109
36,702
4,591
87,618

334,746
134,045
91,549
40,764
36,782
4,507
85,324

336,425
133,462
91,413
41,707
37,817
4,357
82,726

335,754
131,552
90,772
42,491
38,497
4,296
82,100

339,282
133,021
91,131
43,875
38,864
4,404
78,687

334,138
138,642
91,800
54,517
39,767
4,192
64,900

337,475
138,384
91,730
55,485
39,704
4,024
58,159

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

274,662
121,361
70,304
26,039

275,582
121,631
69,689
27,085

277,508
122,710
70,500
26,875

277,798
123,411
69,233
27,775

279,913
124,745
70,287
26,872

289,259
126,897
78,273
21,743

288,345
126,752
78,927
20,227

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

225,585
124,069
32,381
4,591
52,897

224,301
126,047
32,458
4,507
49,667

222,627
126,009
33,513
4,357
47,116

221,400
124,619
34,179
4,296
46,722

220,714
125,673
34,509
4,404
44,451

210,050
122,516
35,320
4,192
36,077

207,796
125,619
35,271
4,024
30,955

19,907
9,652
5,652

19,721
9,386
5,595

20,052
9,565
5,574

20,030
9,632
5,328

20,362
9,730
5,330

21,724
9,208
5,266

21,980
9,162
5,224

207,736
78,285
57,947
4,321

208,113
77,682
58,761
4,324

207,720
78,141
57,388
4,304

206,234
78,092
56,991
4,318

208,275
79,134
57,404
4,355

206,923
75,517
55,103
4,447

206,840
75,942
54,233
4,433

8,682

8,572

8,735

7,603

7,364

7,080

6,977

Total
Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
Major credit type 4/

Mobile homes
Commercial banks
Finance companies
Other
Commercial banks
Finance companies
Retailers
Pools of securitized assets
(incl. mobile homes) 3/

1. The Board's series on amounts of credit cover 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 mid-month of each quarter. 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.
revised.

p = preliminary.

The G.19 Statistical Release is issued around the fifth business day of each month.
date and time may be obtained by calling (202) 452-3206.




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