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FEDERAL RESERVE statistical release
G.19

'mm

For immediate release
December 5, 1986

CONSUMER INSTALLMENT CREDIT
Consumer installment c r e d i t outstanding increased $6.8 b i l l i o n in October, down
somewhat from a revised $7.7 b i l l i o n gain in September. The annual rate of growth was
14 percent in October, compared with 16 percent in September. Growth during the f i r s t
10 months of the year was at a 12-1/2 percent annual r a t e .
Automobile c r e d i t — r e f l e c t i n g reduced-rate financing programs that were s t i l l
in e f f e c t for part of the month — was again strong in October, expanding by $4.0 b i l l i o n
following the record $7.5 b i l l i o n increase in September. Revolving credit roae
$0.6 b i l l i o n in October, up from $0.1 b i l l i o n in September. Mobile home credit was
v i r t u a l l y unchanged compared with the previous month's small d e c l i n e , and the "other"
category experienced i t s largest increase since May, climbing $2.1 b i l l i o n compared
with $0.4 b i l l i o n in September.
Net change in
amount: outstanding
( m i l l i o n s of d o l l a r s )

Annual rate of growth
(percent)
1986

1986
FLOWS O CREDIT
F
( s e a s o n a l l y adjusted)
Total
Automobile
Revolving
Mobile home
Other

•"*—•••••"*

Sept.

Aug.

6,783
4,048
597
-4
2,142

7,724
7,466
97
-257
419

3,393
2,579
338
-183
659

Sept.

13.9
20.6
5.7
-0.2
13.0

16.1
39.2
0.9
-12.2
2.6

Interest rates 1/
Commercial banks 2 /
48-mo. new-car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies 3 /
New-car loan
Used-car loan
Other terms at
auto finance companies 3 /
Maturity (months)
New-car loan
Used-car loan
Loan-to-value r a t i o (percent)
New-car loan
Used-car loan
Amount financed ( d o l l a r s )
New-car loan
Used-car loan




Nov.

Oct.

Aug.
7.1
13.7
3.2
-8.6
4.0
1985

1986

(not seasonally adjusted)

y

Oct. P

Oct. P

Sept.

Aug.

Oct.

10.58
14.19
13.49
18.09

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

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

11.00
14.70
13.95
18.15

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

n.a.
n.a.

6.12
19.54

5.40
15.23

9.29
15.56

9.97
17.21

n.a.
n.a.

45.3
42.2

44.5
42.5

50.4
42.9

51.5
41.4

n.a.
n.a.

92
97

92
98

90
97

93
95

n.a.
n.a.

11,340
6,746

11,162
6,763

10,756
6,569

10,498
6,091

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 4 /
M i l l i o n s of d o l l a r s e x c e p t as noted
Net change during month
Oct.
1986p
S.A.

Sept.
1986 r
S.A.

Outstanding a t end of month

Oct.
1986 P
1986p
N.S.A.

Oct.p
1986
S.A.

Oct.
1986*
N.S.A.

Oct.
1985
N.S.A.
N.S.A.

Change from end of
Oct. 1985
Amount

Percent

6,783

7,724

5,370

591,117

593,654

525,093

68,561

13.1

2 ,438
2 ,302
1 ,075
748
196
26

1,421
5,621
752
-90
94
-74

1,150
1,986
1050
929
344
-89

255,766
146,862
82,448
62,079
40,641
3,320

256,064
148,695
83,183
62,481
39,859
3,372

235,818
118,846
74,142
53,871
38,175
4,241

20,246
29,849
9,041
8,610
1,684
-869

8.6
25.1
12.2
16.0
4.4
-20.5

Automobile
Commercial banks
Finance companies
Credit unions
Saving8 i n s t i t u t i o n s

4,048
1 ,376
2 ,097
437
137

7,466
1,156
6,020
306
-16

n.a.
1,121
1,905
n.a.
n.a.

240,327
97,218
98,695
33,556
10,858

n.a.
97,887
100,366
n.a.
n.a.

n.a.
92,096
72,607
n.a.
n.a.

n.a.
5,791
27,759
n.a.
n.a.

n.a.
6.3
38.2
n.a.
n.a*

Revolving 7 /
Commercial banks
Savings i n s t i t u t i o n s
Retailers
G a s o l i n e companies

597
246
152
174
26

97
27
94
49
-74

n.a.
-260
n.a.
337
-89

126,609
80,406
7,021
35,861
3,320

n.a.
79,730
n.a.
35,128
3,372

n.a.
70,948
n.a.
33,710
4,241

n.a.
8,782
n.a.
1,418
-869

n.a.
12.4
n.a.
4.2
-20.5

Mobile home
Commercial banks
Finance companies
Savings i n s t i t u t i o n s

-4
4
-70
63

-257
-16
-201
-41

n.a.
-38
-62
n.a.

24,954
9,074
8,611
7,269

n.a.
9,143
8,782
n.a.

n.a.
9,670
9,177
n.a.

n.a.
-527
-395
n.a.

n.a*
-5.4
-4.3
n.a.

Other
Commercial banks
Finance companies
Credit unions
Savings i n s t i t u t i o n s
Retailers

2 ,142
812
275
637
396
22

419
253
-198
446
-127
45

n.a.
327
143
n.a.
n.a.
7

199,226
69,068
39,556
48,892
36,93,1
4,780

n.a.
69,304
39,547
n.a.
n.a.
4,731

n.a.
63,104
37,062
n.a.
' n.a.
4,465

n.a.
6,200
2,485
n.a.
n.a.
266

n.a.
9.8
6.7
n.a.
n.a.
6.0

Total
Major holder
Commercial banks
Finance companies 5 /
Credit unions
Saving8 i n s t i t u t i o n s
Retailers
G a s o l i n e companies
Major c r e d i t type 6 /

1. Interest rates are annual percentage rates as specified by Regulation Z.
2. Commercial bank data are simple unweighted averages of each bank's "most commmon" rate
charged during the first calendar week of the month.
3. 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.
4. The Board's series on amounts of crelit 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.
5. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies•
6. Not seasonally adjusted data are unavailable by type of credit for certain holders. In these
cases, the seasonally adjusted total for the holder group has been allocated among the components
using the latest available benchmark information.
7. Excludes 30-day charge credit held by travel and entertainment companies.
n.a." Data not available.
S.A." Seasonally adjusted«
r • revised.
p • preliminary.

N.S.A.- Not seasonally adjusted.

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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