Full text of G.19 Consumer Credit : August 7, 1992
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FEDERAL RESERVE statistical release f^LRE^V 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. For immediate release August 7, 1992 G. 19 CONSUMER INSTALLMENT CREDIT June 1992 Consumer installment credit outstanding declined $1.0 billion in June, following a $0.9 billion decrease in May. Automobile credit fell $2.8 billion in June while revolving credit and otlier loans outstanding increased. For the second quarter, installment credit fell by $5.5 billion, after edging down $0.4 billion in the first quarter. MONTHLY CHANGE IN CREDIT OUTSTANDING1 Seasonally adjusted Amount Type of credit (millions of dollars) 1992 Apr. May r June? Total -3,583 -893 -1,019 -1,749 -542 -2,798 Automobile 854 646 316 Revolving 925 -2,479 Other2 -667 Apr. -5.9 -8.0 3.2 -13.5 Annual rate (percent) 1992 May r -1.5 -2.5 1.5 -3.7 June? -1.7 -12.9 4.2 5.1 TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3 Percent except as noted, not seasonally adjusted 1991 Apr Institution, terms, and type of loan May June 1992 May June 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. 11.28 15.16 13.80 18.22 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 9.52 14.28 12.82 17.97 n.a. n.a. n.a. n.a. 12.95 15.85 12.77 15.74 10.84 14.14 10.67 14.01 10.25 13.89 55.4 47.3 55.5 47.3 54.5 47.8 54.7 47.9 54.4 48.0 87 96 88 97 89 97 89 97 89 97 12,204 8,873 12,343 8,916 13,208 8,905 13,373 9,247 13,369 9,201 CONSUMER INSTALLMENT CREDIT OUTSTANDING' (Millions of dollars) 1991 Type of credit and holder June July Aug. Sep. Oct. 1992 Nov. Jan. Feb. Mar. Apr. May r June P 728,618 263,134 244,288 221,196 728,395 261,659 245,974 220,762 727,404 262,125 245,259 220,020 723,821 260,376 245,905 217,541 722,928 259,834 246,220 216,874 721,909 257,036 247,075 217,798 Dec. Seasonally adjusted Total Automobile Revolving Other2 730J09 270,789 233,399 225,922 728,823 268,897 234,654 225,273 727,311 266,620 236,294 224,3% 727,449 264,621 238,987 223,842 729,225 264,420 241,436 223,369 727,960 262,383 242,573 223,004 727,799 263,003 242,785 222,012 Not seasonally adjusted Total Major holders Commercial banks Finance companies Credit unions Savings institutions Retailers Gasoline companies Pools of securitized assets4 Major types of credit5 Automobile Commercial banks Finance companies Pools of securitized assets4 Revolving Commercial banks Retailers Gasoline companies Pools of securitized assets4 Other Commercial banks Finance companies Retailers Pools of securitized assets4 727,161 725,814 728,818 729,810 729,782 729,758 742,058 733,294 725,882 721,091 718,676 718,420 718,840 331,873 127,490 91,924 44,008 37,812 4,591 89,463 332,541 127,414 91,490 43,142 37,488 4,712 89,027 333,655 128,629 92,329 42,014 38,091 4,857 89,243 333,417 125,299 92,605 41,138 38,070 4,753 94,528 334,835 124,299 92,128 41,691 38,147 4,529 94,153 333,272 123,228 91,849 41,337 39,460 4,388 96,224 339,565 121,901 92,254 40,315 44,030 4,362 99,631 335,320 119,206 91,894 39,448 41,567 4,377 101,482 330,464 120,280 91,469 38,479 40,015 4,151 101,024 327,697 118,353 91,164 37,142 39,454 3,988 103,293 326,205 118,364 91,339 36,499 39,553 4,094 102,622 324,791 116,138 91,605 36,224 37,824 4,193 107,645 323,847 116,690 91,823 35,618 37,438 4,360 109,064 270,870 117,566 67,937 26,039 231,228 126,961 33,248 4,591 52,897 225,063 87,346 59,553 4,564 10,527 269,300 116,832 67,781 25,609 232,120 127,818 32,936 4,712 53,094 224,394 87,891 59,633 4,552 10,324 268,940 115,641 68,789 25,071 235,302 129,277 33,550 4,857 54,017 224,576 88,737 59,840 4,541 10,155 267,823 114,345 66,931 26,987 237,720 129,331 33,548 4,753 56,438 224,267 89,741 58,368 4,522 11,103 266,747 113,950 66,222 26,948 239,577 131,171 33,641 4,529 56,290 223,458 89,714 58,077 4,506 10,915 263,249 112,968 64,840 25,864 243,349 130,509 34,928 4,388 59,459 223,160 89,795 58,388 4,532 10,901 263,108 111,912 63,413 28,057 255,895 137,968 39,352 4,362 60,139 223,055 89,685 58,488 4,678 11,435 261,871 110,707 62,204 29,460 249,320 133,839 36,953 4,377 60,087 222,103 90,774 57,002 4,614 11,935 259,723 110,077 61,957 28,480 245,088 130,848 35,438 4,151 60,633 221,071 89,539 58,323 4,577 11,911 259,530 110,047 60,655 29,942 242,267 128,550 34,892 3,988 60,953 219,294 89,100 57,698 4,562 12,398 258,449 109,056 61,717 28,679 242,708 128,506 34,989 4,094 61,190 217,519 88,643 56,647 4,564 12,753 258,665 108,610 59,399 31,406 243,315 128,013 33,245 4,193 63,801 216,440 88,168 56,739 4,579 12,438 257,139 106,667 60,056 31,024 244,752 127,654 32,844 4,360 65,784 216,949 89,526 56,634 4,594 12,256 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 arc 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 arc volume-weighted averages covering all loans of each type purchased during the month. 4. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance slicets of the loan originators. 5. Includes estimates for holders that do not separately report consumer credit holding by type. r m revised, p •» preliminary.
