Full text of G.19 Consumer Credit : December 7, 1977

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FEDERAL

RESERVE

statistical

release
FOR IMMEDIATE RELEASE
DECEMBER 7, 1977

G.19

CONSUMER INSTALMENT CREDIT -

OCTOBER 1977

CONSUMER INSTALMENT CREDIT OUTSTANDING EXPANDED IN OCTOBER BY $2.63 BILLION,
SEASONALLY ADJUSTED, REBOUNDING FROM SEPTEMBERS ADVANCE OF $2.35 BILLION. SINCE
THE RECORD INCREASE OF $2.97 BILLION IN MARCH OF THIS YEAR, INSTALMENT CREDIT GROWTH HAS
FLUCTUATED BETWEEN $2.35 AND $2.90 BILLION.
CREDIT NEWLY EXTENDED ROSE $620 MILLION DURING OCTOBER TO A RECORD
$19.79 BILLION, WHILE LIQUIDATIONS ROSE MORE MODERATELY — BY $350 MILLION —
$17.16 BILLION.

TO

AUTOMOBILE CREDIT EXTENDED WAS OFF SLIGHTLY, AFTER SEASONAL ADJUSTMENT,
AND WITH LIQUIDATIONS RISING, THE NET tXPANSION OF AUTO CkEOIT OUTSTANDING WAS WELL
BELOW THE SEPTEMBER INCREASE. HOWEVER, EXTENSIONS WERE STRONGER FOR EACH OF THE
NON-AUTO CATEGORIES, PARTICULARLY FOR BANK CREDIT CARDS ANO THE LARGE "ALL OTHER"
GROUP, AND THE FASTER EXPANSION IN THESfc AREAS MORE THAN OFFSET THE SLOWDOWN IN
AUTO LENDING.

(IN MILLIONS OF DOLLARS)
INSTALMENT CREDIT, TOTAL

1 OCT. 1977 | SEP. 1977 | OCT. 1977 | OCT. 1976 |LATEST 12 MONTHS
I(NOT SEAS.ADJ.)
(NOT SEAS. ADJ.)
I (SEASONALLY ADJ.)
I

AMOUNT EXTENDED:

1

19,7871

1
1
1
1
1

1
6,0831
457|
7181
2,9731
487|
9,0671

19,1641
1
1
6,1091
424|
679|
2,8471
485|
8,6201

18,7841
1
1
5,8981
464|
696|
2,818|
475|
8,433|

I
i

1
1

1
1

1
1

16,9371
i
1

14,5221
i
1

1,846|
i
1
6381
491
1711
1781
46|
764|

538|
i
1
217|
-14|
72|
1221
38|
104|

i

AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:

1

1

17,1601
1

1

2,626|
i

AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING ( U
ALL OTHER

1
850|

I
|
1
j

44 j
2011
2871

16,814|
I

1

2,3511
1
1
1,103!
32 1

1

1431
2791
49|
7431
i
1

|1

1
|

57|
1,188|
i

AMOUNT OUTSTANDING,
END OF MONTH
NOTE:

(1)
(2>
(3)

(4)

i
|

(2)

(2)

1

1
I
209,1411

15,0601

220,893

4,704|
3631
5411
2,1621
4171
6,874|

71,495
5,192
7,686
30,427
5,735
100,158

j

1

191,233
29,659 (3)
(4)
(4)
(4)
(4)
(4)
(4)

1
|
179,4871

(2)

CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT- AND INTERMEDIATE-TERM CREDIT
EXTENDED THROUGH REGULAR BUSINESS CHANNELS TO FINANCE THE PURCHASE OF GOODS
AND SERVICES FOR PERSONAL CONSUMPTION, OR TO REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID I N TWO OR MORE INSTALMENTS.
MORTGAGE CREDIT GENERALLY I S EXCLUDED.
DETAILS MAY NOT ADD TO TOTALS DUE TO

ROUNDING.
BANK CHECK CREDIT AND OTHER BANK REVOLVING CREDIT.
NOT APPLICABLE.
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.
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
"CHANGE FROM END OF OCTOBER 1976 AMOUNT N.S.A."




CONSUMER

INSTALMENT CREDIT BV HOLDER AMD ?*8»E -

OCT.

1911

(IN MILLIONS OF DOLLARSI

11

E X T E N D E D
INSTALMENT CREDIT, BY
HOLDER AND TYPE

OCT.
1977
S.A.

|
|
|

1
TOTAL

19,7871

1
i
BY HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
(2)
OTHERS
(31

AUTOMOBILE, TOTAL
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS
(31
MOBILE HOME, TOTAL
COMMERCIAL BANKS
FINANCE COMPANIES
HOME IMPROVEMENT, TOTAL
COMMERCIAL

BANKS

COMM. BANKS, TOTAL
PERSONAL LOANS
FINANCE COS., TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

(1)
(2)
(3)




1

1
15*844!

1

16*78411

1
1
11

!
1
8*109(

II
II
9*363||

3,653|
2,8581
2,9611
5121

3,514|
2,773|
2,860|
5751

3.092!
1*625|
2*5731
4451

3*41711
2,62611
2,863||
516||

6,0831
j
3,6421
lt976|
1*6661
9B9|
1*4141
381
j
4571
j
270|

61|
7181
I
3731

2,973»
4871

1

9,0671

1

2,0561
1*4631
2,5961
2,044|
1*2621
2,96X1
1721

1

11

1
I

1
1

II
11

1

1

11

6,1091
i
1
3,6401
2,028)
1*6121
1*0131
1*376!
60!
j
4241

4*b34|
1
I
3*084|
1.659»
1*426!
905|
8191
261

1

j

2611
51!
j
6791
j
340)
1
1

1
1
2.8471
485|

1

8,6201

1

1,8701
1.3461
2»440|
1*9381
1*240!
2*8601
2111

1

i

361!
j
2221
56|
1
5491
i

II
5*89811
11
3,5181!
1*919||
i»599||
1*00811
1*32711
45»|
11

11
4641!
jj
27111
65||
I i

11
696 IS

297!
1
1

37311

1
1
2,266!

Si
S!
2*818|!

4211

1

7,412|

1

1*8161
1.2711
2*127!
1.7341
7371
2*573!
1571

OCT.
1977
S.A.

$§£»*

OCT.
1976
S.A.

H

1

1
ALL OTHER, TOTAL

19,1641

I OCT. H
1
1977
|I
I N.S.A. 19

1
1
9,4421

i

BANK CREDIT CARD
BANK CHECK CREDIT

1

OCT.
1976
S.A.

1

i

REVOLVING

|
J
|

1
1
9,6021

1
1

BY CREDIT TYPE

SEP.
1977
S.A.

8 1

I1

47511

n
n
n

I

I!

16*814|

14*7531

I
I
I
I

I
I
I
I

I
I
I
I

6*487|
3*166|
2,3891
2*6611
4371

89214|
3,1351
2*316|
2*7161
4321

I
I
I

I
I
I

I
I
I

I!
II
II

5»234|

5*0051

4,5001

5,26011

I

I

I

II

3*0551
1*6811
1.3741
9371
1*1931
49|

2,9261
1.5621
1*3641
8858
1.148!
46|

2,599|
1.4691
1*1301
845|
1*0161
40|

3*05211
1*664||
1»388||
940||
1*220||
48||

7,1551
2*864|
2*0211
2,3491.
3631

I

I

I

4131

392|

3861

I

I

I

2551
721

2511
54|

2441
721

I
$36 8

I
517|

I
2571

I
I
I
2*6671
430|

II

I

l»907||
1»389||
2*336||
1»614||
1.159H
2.86311
1681!

I OCT*
I
1*77
I N.S.A.

17»160|

II

8,43311

II ^ E T 8
II C H G I

L I Q U I D A T E D

7*8601

I

I
2631

I
I
I
2,5671
4361

19111
S.A
III

29,654|

16.5

102*504
42*704
35*993
16*961
8*978

14*8151
4*925!
6*262)
2*184|
1,448!

16.9
13.0
21.1
13.0
19.2

850

77*645 1 12,604|

19.7

587
295
292
52
222
-11

45*399 1 7,953|
24,972 ! 3,961!
20*427 1 3,992|
13*998 1 1*613!
17*867 ! 3,119|
581 I
119|

21.2
18.9
24.3
13.0
21.1
25.8

II
II
II
II

8.42311 1315
487
3*04611
469
2*41111
280
2*62711
43111
75

I!
II

END OF | CHANGE F«
OCT.
OF OCT,
1977
AMOUNT! PER
N.S.A.
N.S.A.| CENT
209*141

16,937!! 2626

44

14*929 1

370|

2.5

26011
68||

15
-11

8*839 1
3*116 1

1031
-1911

1.2
-5.8

469 §

II

201

12*703 !

1,9401

18.0

3

n

238!

2621 §

115

6*377 I

8801

16.0

287
57

12*629 !
3.551 !

I
I
I
2*095|
383|

I

415|»

If
II
II
2*6401!
429||

II

I

6,9201

7.6771

I

II

1.5961
1*120!
if939|
1,566!
900|
2»349|
1361

1*7801!
1*310||
2.031H
1*5721!
1*0691!
2*627||
162||

I

QC?«|

O U T S T A N D I N G

1188

67*283 1 11*4981

15.2

254
142
448
353
204
260
2

25*510 I 2,8371
17*452 i 1,864|
25*448 i 3,491|
20*498 ! 2,489|
15*081 ! 2,6321
18*961 ! 2,184|
2*283 1
3531

12.5
12.1
15.9
13.8
21.1
13.0
16.3

7,66911

1*6021
lt77l|
1*321)
1.2911
2*1461
2.1891
1*6921
1.7141
1»076|
1*0431
2*681|
2*7161
NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS 1701
(REPAYMENTS,
1581 CHARGEOFFS, AND OTHER CREDITS!.
EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILERS, OIL AND GAS COMPANIES, AND TRAVEL AND ENTERTAINMENT COMPANIES
AMOUNTING TO $2425 MILLION AT THE END OF OCTOBER. THIS REPRESENTS AN INCREASE OF $36 MILLION FROM THE END OF
SEPTEMBER ON A SEASONALLY ADJUSTED BASIS AND A DECREASE OF $55 MILLION ON AN UNADJUSTED BASIS.
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.

NOTE:

2,405| 23.1
637| 21.9

S.A. ANO N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED OATA, RESPECTIVELY.
DETAILS MAY NOT ADD TO TOTALS DUE TO HOUNDING.