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

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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

G. 19

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For release at 4 p.m. (Eastern Time)
August 7, 1995
CONSUMER INSTALLMENT CREDIT
June 1995

Consumer installment credit outstanding increased $9.6 billion in June. Revolving credit outstanding expanded $6.0
billion in June and automobile credit was up $3.0 billion. "Other" installment credit increased only slightly.
MONTHLY CHANGE IN CREDIT OUTSTANDING1
Seasonally adjusted
Amount
(millions of dollars)
Type of credit
1995
r
Apr.
May r
11,522
13,074
Total
3,892
1,730
Automobile
7,463
Revolving
6,899
1,719
Other2
2,893

Annual rate
(percent)
1995
May r
16.6
14.4
24.9
7.9

Apr. r
14.8
6.4
23.5
13.5

June?
9,623
2,979
6,040
604

TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3
Percent except as noted, not seasonally adjusted
1994
Institution, terms, and type of loan
May
June
Nov.
Feb.
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

June?
12.0
10.9
19.7
2.8

1995
May

June

7.76
12.96

n.a.
n.a.

8.75
13.59

9.70
14.10

9.78
14.03

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

15.69
15.77

16.14
15.27

16.15
16.23

n.a.
n.a.

9.92
13.51

9.96
13.78

10.53
14.19

11.89
15.06

11.43
14.78

11.08
14.63

53.5
50.6

53.3
50.0

54.6
50.3

54.1
52.0

54.4
52.2

53.9
52.3

93
99

94
100

93
100

92
99

92
99

92
99

15,194
10,606

15,180
10,656

15,971
11,202

15,774
11,181

16,155
11,396

16,083
11,518

* Data on credit card rates now are being collected in a new survey that was conducted for the first time for November, 1994. The rates
for all accounts and for accounts assessed interest are described in footnote 3.
Other notes appear on reverse.




CONSUMER INSTALLMENT CREDIT OUTSTANDING
(Millions of dollars)
1995

1994

Type of credit and holder

June

July

Aug.

Sept.

Oct.

Nov.

Jan.

Feb.

Mar.

Apr.r

May1"

JuneP

914260
319408
34Q450
254402

918968
321175
345630
252164

933717
323502
352741
257474

945239
325232
359641
260366

958313
329124
367103
262085

967935
332103
373143
262690

Dec.
Seasonally adjusted

Total
Automobile
Revolving
Other2

842293
298906
308310
235078

849930
300590
312717
236623

863484
304330
319687
239467

873606
308654
322035
242916

882210
311197
324655
246358

895627
315213
332402
248012

902853
317237
334511
251106

Not seasonally adjusted

Total
Major holders
Commercial banks
Finance companies
Credit unions
Savings institutions
Nonfinancial business4
Pools of securitized assets5

836879

843248

863045

876055

882554

898896

925000

922788

917652

927260

936904

949822

961570

383732
124318
108183
38143
51811
130692

390646
123202
109713
38055
52233
129399

400829
125197
112881
37975
52923
133240

406375
130306
114343
38420
52415
134196

407092
131562
115973
38122
52440
137365

415237
132874
117351
38275
54631
140528

427851
134830
119594
38468
60957
143300

425941
137468
120029
38153
57819
143378

423144
134758
120603
37835
55828
145484

425208
135790
121946
37519
55351
151446

431444
137804
123233
37499
55116
151808

434863
139632
125052
37500
55914
156861

437498
-141743
126267
37501
' 56315
162246

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

298820
131963
59788
35837
304439
154210
46670
82753
233620
97559
64530
5141
12102

299783
134380
58107
34819
308786
158248
47069
82656
234679
98018
65095
5164
11924

306099
137472
58589
34960
318128
162856
47701
86569
238818
100501
66608
5222
11711

311511
138827
60522
35524
320547
166294
47168
85950
243997
101254
69784
5247
12722

313749
140315
60750
34774
322487
164227
47162
89643
246318
102550
70812
5278
12948

316761
141660
61372
34716
334549
171096
49276
92321
247586
102481
71502
5355
13491

318213
141851
61609
34918
352266
180183
55341
94376
254521
105817
73221
5616
14006

317869
141546
62321
33265
347641
176959
52299
95826
257278
107436
75147
5520
14287

319042
141801
61067
34312
345354
175574
50405
96613
253256
105769
73691
5423
14559

321592
141857
61256
35172
348411
175800
49959
101571
257257
107551
74534
5392
14703

322956
142014
62435
34129
354998
180609
49773
103174
258950
108821
75369
5343
14505

327672
142865
63689
34984
362269
183006
50595
106797
259881
108992
75943
5319
15080

332133
144761
65162
34840
368385
182950
51006
112195
261052
109787
76581
5309
15211

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 (APR) as specified by the Federal Reserve's Regulation Z. 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 for 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 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 lofji originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type,
r = revised, p = preliminary.