Full text of G.19 Consumer Credit : August 9, 1982

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FEDERAL RESERVE statistical release

G. 19 (421)

FOB IMMEDIATE RELEASE
August 9, 1982

CONSUMES INSTALLMENT CREDIT - JONE 1982
Consuner installnent credit outstanding increased by $1.35 billion in June,
after seasonal adjustment, compared with a $1.40 billion advance in Hay. The annual
rate of growth vas approximately 5 percent in both Months, and 4-3/4 percent for the
second quarter, following a 1-3/4 percent rise in the first quarter. Installnent
credit grew by 6.8 percent during the full year 1981.
Extensions in
$29.20 billion in Hay.
previous high of $29.41
$28.39 billion in June,

June rose to $29.74 billion, seasonally adjusted, fron
The June total represented a new high, surpassing the
billion in September 1981. Liquidations also increased, reaching
up fron $27.80 billion a month earlier.

(Millions of dollars)
Installnent credit

June 1982 I Hay 1982 I June 1982 | June 1981 |Latest 12 months
(Seasonally adj.)
(Mot seas. adj.)
1 (Not seas adj.)
|

Amount extended;
Automobile
Revolving (1)
Mobile Hone
Other

29,737t
I
8,182|
13,3611
459|
7,735|
I

Amount liquidated:

28,388|

Net change in amount
outstanding:

I
1,3491
1
655|
507|
67|
120|
I
I
(2)
I

Automobile
Revolving (1)
Mobile Home
Other
Amount outstanding,
end of month.

29,197|

31,0981
J
9,0671
13,2791
469|
8,2831
I

i
8,4291
12,528|
478|
7,762|
I
I
27,7981
1
1,399|

I

28,5861
I
I
2,512J
I
1,194|
655|
63|
600|
I
I
331,8511

959|
537|
70|
-167|
(2)

30,397J

I
1
I

334,059

8,540|
12,194|
554|
9,109|

94,294
142,698
5,595
91,472

I
i
27,2861
I

321,009

3,111|
I
818|
978|
1291
1,1861
I
I
318,7921

13,050

(3)

W
W
W

(2)

INSTALLMENT CfiEDIT FLOIS, QUARTERLY AVERAGES
(Seasonally adjusted annual rates)
Total
installment
credit
Extensions
Liquidations
Net change

1
|
1 1982II
J
|
1

(Millions of dollars)
1 19821

350,4721
334,7801
15,692I

1 19811?

326,000]
319,9681
6,0321

| 1981III J 1981II

323,4481
317,1721
6,2761

344,0761
316,260|
27,816|

1
1
1 1982II

347,4841
322,188|
25,296J

As percent of disposable
personal income
1 19811?
1 1981III ! 1981II

| 19821

16.3!
15.6|
.71

,

,

,

15.41

15.4J

16.7!

17.4

15.11

15.11

15.41

16.1

-3|

.3!

l.4|

1.3

NOTE: The Board's series covers most short-and intermediate-term credit extended
to individuals through regular business channels, usually to finance the
purchase of consumer goods and services or to refinance debts incurred for
such purposes, and scheduled to be repaid (or with the option of repayment)
in two or more installments. Details may not add to totals due to rounding.
(D Credit cards at retailers, gasoline companies and commercial banks, and
check credit at commercial banks.
Not applicable or not available.
(2)
(3)
A value for the unadjusted net change in outstandings appears also on the next
to last column on the next page, but may vary slightly, due to different
aggregation methods.
0) For valaes see the next to last column on theM next page under the heading
"change from end of June 1981 amount n.s.a.







CONSUMER INSTALLHBMT CREDIT BX HOLDER AND TYPE -

June 1982

(Millions of dollars)

L i q u i d a t e d

E x t e n d e d
Installment credit by
holder and type

lotal

June
1982
s.a.

Hay
1982
s.a.

31,098

28,388

27,798

12,701
5,251
3,137
5,018
649
2,296
171

14,284
6,179
3,289
4,373
716
2,065
192

13,560
4,826
2,849
4,458
598
1,931
166

12,778
5,009
2,941
4,381
620
1,900
169

7,515

9,067

7,527

7,470

June
1982
s.a.

Hay
1982
s.a-

June
1981
s.a.

29,737

29,197

29,223

13,460
5,700
2,887
4,762
785
1,969
174

12,765
6,135
2,902
4,449
841
1,880
225

June
1982
n.s.a.

By major holder
Connercial banks
Finance conpanies
Credit unions
Retailers (2)
Savings and loans
Gasoline conpanies
Mutual savings banks
By major credit type

June
1981
s.a.

| June
| 1982
| n.s.a.

127,1921 28,586
I
I
I
I
11,9861 13,656
5,128
4,681|
2,881
2,918|
4,264
4,602|
607
604|
1,885
2,218|
165
183|
I
I
I
7,873
7,366|
I
3,741
3,847|
2,141
2,144|
1,600
1,703|
1,493
1,447|
2,639
2,072|
11,6511 12,624
I
6,918
5,326|
3,821
4,107|
1,885
2,218|
I
406
399|
I
247
271|
63
37|
84
79|
12
12|
7,683
7,776|
I
2,750
2,5421
2,426
2,572|
1,376
1,459|
443
4951
523
525|
165
183J

Met
chg
June
1982
s.a.

O u t s t a n d i n g

(D

Bnd of
June
1982
n.s.a.

1349

331,851

-100
874
38
304
187
38
8

146,775
93,009
45,882
26,645
12,312
4,398
2,830

Change from end
of June 1981
amount| pern.s.a.| cent
,
13,0591
4.J
I
4
I
I
1,650|
1.1
10,2861 12-4
196|
.4
251|
1.0
1,1971 10.8
-5021 •10.
-19|
1
1

8,0151
I
3,404
3,317
3,782
3,622
58,140 -1,7671
Commercial banks
-240
2,036
1,954
2,253
2,006
Indirect paper
34,903
•52
501|
Direct loans
1,368
1,363
1,529
1,616
23,237 -2,268|
-188
Credit unions
1,497
1,483
1,688
1,517
21,940
28
931
Finance companies
3,281
3,629
3,597
2,331
48,335
867
9,6891
I
13,279
Revolving
12,854
12,658
12,528
11,991
59,302
13,361
507
2,5041
I
5,895
7,273
6,168
6,922
Commercial banks
7,141
6,604
31,974
219
2.451|
4,467
3,941
3,923
4,251
4,001
Retailers
4,044
22,930
250
555|
1,969
2,065
.Gasoline companies
2,296
1,900
1,931
1,880
4,398
38
-5021
I
Mobile home
469
459
478
509
392
408
18,543
67
8391
238
Commercial banks
180
280
9,924
201
211
242
-58
I
65
Finance conpanies
128
129
114
122
70
4,731
64
-235|
Savings and loans
114
77
137
151
93
84
3,400
60
741|
Credit unions
16
13
12
14
12
488
12
1
330|
21
Other
7,735
8,541
8,283
7,762
7,615
125,591
120
7,929
I
1,7011
Commercial banks
2,735
2,801
3,018
2,643
2,756
46,737
2,746
-21
Finance companies
2,290
2,454
2,347
2,392
39,943
2,892
I
2,608
-57
Credit unions
1,377
1,407
1,585
1,368
23,454
1,570
1,412
9
1,2011
Retailers
511
405
457
432
3,715
54
551
458
-1441
Savings and loans
690
648
521
602
8,912
127
556
536
101|
Mutual savings banks
225
166
174
8
192
2,830
171
169
-3041
866|
{1) Met changes for all nonths egual extensions minus liquidations (repayments, chargeoffs, and other credits).
-19|
(2) Includes auto dealers and excludes 30-day charge credit held by retailers and by travel and entertainnent companies.
automobile

8,182

8,429

3,725
2,143
1,582
1,553
2,237

MOTE:

3,644
2,088
1,556
1,469
2,414

655

s.a. and n.s.a. denote seasonally adjusted and not seasonally adjusted data, respectively.
Details may not add to totals due to rounding.

128,415

6.7
-2.9
1.5
-8.9
•4
25.1
4.4
8.3
2.5
-10.2
4.7
-2.3
18.6
10.8
.4
1.4
2.6
-.4
•4
-7.6
10.8
-.7

NOTE

The consumer installment credit series covers most short- and
intermediate-term credit extended to individuals through regular business
channels, usually to finance the purchase of consumer goods and services or
to refinance debts incurred for such purposes, and scheduled to be repaid
(or with the option of repayment) in two or more installments.
The series excludes certain types of arrangements by which household expenditures are financed. It generally excludes mortgage financing,
which is reported elsewhere, although some credit secured by junior liens on
real estate may be reported in the data for certain holders such as finance
companies. Also excluded are (a) credit card or other receivables held by a
holding company rather than by its subsidiary financial institution; (b) extensions of funds against the cash value of life insurance policies or (c) loans
to farmers; and (d) noninstallment credit extended to individuals. Some
components of the series include unearned (precomputed) finance charges.
Historical data as well as additional information about the series
are available from the Mortgage and Consumer Finance Section, Division of
Research and Statistics, Board of Governors of the Federal Reserve System,
Washington, D.C. 20551.
Other regular Federal Reserve publications containing consumer
credit stock and/or flow statistics are: monthly—the Bulletin, and the
finance company release G.20 (422); and quarterly—the Flow of Funds Accounts
release Z.l (780) and the Commercial Bank Report of Condition. The two quarterly reports include data for consumer noninstallment credit. In addition, the
Report of Condition provides separate commercial bank installment loan
detail for credit card and check credit, home improvement credit, personal
loans, and other consumer installment credit. Consumer credit data also
appear in the Federal Reserve's Annual Statistical Digest.