Full text of G.19 Consumer Credit : December 7, 1981

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RESERVE statistical release
FOR IMMEDIATE BELEASE
DECEMBER 7, 1981

G.19 (421)

CONSUMER INSTALLMENT CREDIT - OCTOBER 1981
CONSUMER INSTALLMENT CREDIT OUTSTANDING EXPANDED IN OCTOBER BY $1.01 BILLION,
SEASONALLY ADJUSTED, DOWN FROM THE $2-82 BILLION INCREASE IN SEPTEMBER. THE ANNUAL
P E R C E N T A G E RATE OF GROWTH HAS 3-1/2 PERCENT, COMPARED WITH 10-1/2 PERCENT IN EACH OF THE
PREVIOUS TWO MONTHS.
AUTOMOBILE CREDIT AGAIN ACCOUNTED FOR MOST OF THE OVERALL INCREASE, GROWING BY
$962 MILLION.
THIS GAIN WAS CONSIDERABLY BELOW THE SEPTEMBER INCREASE IN AUTO CREDIT
OF $2.28 BILLION, REFLECTING THE SUBSTANTIAL DECLINE IN NEW-CAR SALES DURING OCTOBER.
EXTENSIONS OF INSTALLMENT CREDIT,
AT $26.95 BILLION, SEASONALLY ADJUSTED, WERE
AT THEIR LOWEST LEVEL SINCE NOVEMBER OF LAST YEAR. AUTOMOBILE CREDIT ACCOUNTED FOR MOST
LIQUIDATIONS OF INSTALLMENT
OF T H E DROP IN EXTENSIONS FROM $29.43 BILLION IN SEPTEMBER.
CREDIT ALSO DECLINED, CALLING TO $25.94 BILLION IN OCTOBER FROM $26.61 BILLION THE MONTH
BEFORE.

(IN MILLIONS OF
INSTALLMENT

CREDIT

DOLLkBS)

O C T . 1981 i SEP. 1981 | OCT. 1981 | O C T . 1980 |LATEST 12 MONTHS
(NOT SEAS.ADJ.)
I (NOT SEAS.ADJ.)
(SEASONALLY ADJ.)
I

I'
AMOUNT

EXTENDED:

AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT

LIQUIDATED

NET CHANGE IN AMOUNT
OUTSTANDING:
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT OUTSTANDING,
END OF MONTH

26,9521
I
7,139|
12,208|
487|
7,118|

I
25,938|I
I
I
1/014|
I
962|
390|
135|
-473|
I
I
|
(2)

29,4281

J
9,176|
12,3351
543|
7,374|
J
I
26,6091
I
I
2,819|
1
2,282|
29J|
175|
69J
(2)

I
1!

27,333J
1
7,163|
12,256|
550|
7,364|

28,136J

530|
I
589|
236|
172|
-467|

7,783|
11,344J
563|
8,4461
I
I
27,840J
I
I
296|
I
-124|
192|
163|
65|

I
I
328,8261

I
3 0 7 , 2 2 2I|

J
I

26,803|

337,069

I
92,926
143,152
5,861
95,130

315,465
21,600

(<0
<<0
(2)

NOTE: THE BOARD'S SERIES COVERS MOST SHORT- AND INTEBMEDIAIE-IERM 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.
CREDIT CARDS AT R E T A I L E R S , GASOLINE COMPANIES AND COMMERCIAL BANKS, AND
(1)
CHECK CREDIT AT COMMERCIAL BANKS.
NOT APPLICABLE OR NOT AVAILABLE.
(2)
A VALUE FOK THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
(3)
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODS.
FOR VALUES S E E THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
I*)
"CHANGE FROM END OF OCTOBER 1980 AMOUNT N.S.A."




(3)

CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE -

OCT.

1981

(IN MILLIONS OF DOLLARS)

E X T E N D E D
INSTALLMENT
HOLDER

CREDIT

AND

OCT.
1981
S.A.

TYPE

TOTAL

fiT

MAJOR

1
|
I

SEP.
1981
S.A.

|

OCT.
1980
S.A.

26,952|

29,428

27,365

11,244|
5,327|
2,6211
<»,729|
553|
2,333|
145!

12,036
7,158
2,558
4,727
573 I
2,246
130

11,977
5,323
2,872|
4,291
695
2,009
198

HCLDER

COMMERCIAL BANKS
F I N A N C E COMPANIES
C R E D I T UNIONS
RETAILERS (2)
S A V I N G S AND LOANS
GASOLINE COMPANIES
MUTUAL S A V I N G S BANKS
BI

MAJOR C R E D I T

I
j
1

|

OCT.
1981
N.S.A.

11
11
|1
1

27,333J i
1
1
1
1
11,497| 1
5,392| 1
2,4881 J
4,8941 |
671| 1
2,2441 1
147| |

COMMERCIAL BANKS
I N D I R E C T PAPER
D I R E C T LOANS
CREDIT UNIONS
F I N A N C E COMPANIES
REVOLVING
COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES

7,1391

9,176

7,544

2,912|
1,627|
1,285|
1,308|
2,919|

3,394
2,075
1,319
1,337
4,445

3,791
2,135
1,656
1,457j
2,296

12,208|

12,335

5,555|
4,320J
2,333|

5,831
4,258 |
2,246

5,264
3,851
2,009

COMMERCIAL BANKS
F I N A N C E COMPANIES
S A V I N G S AND LOANS
CREDIT UNIONS
OTHER
COMMERCIAL BANKS
F I N A N C E COMPANIES
CREDIT UNIONS
RETAILERS
S A V I N G S AND LOANS
MUTUAL S A V I N G S BANKS

(1)
(2)




487|

543

513

266j
123|
891
91

302
134
95
12

257
89
159
8

25,9381
1
1
I
1
11,4191
4,1231
2,8301
4,6281
5211
2,2611
1561
i

1
1

7,1631 1
1
3,0061 1
1,6791 1
1,3271 1
1,2411 1
2,9161 1

6,177!
1
3,2001
1,6711
1,5291
1,406|
1,5711

1
12,256| 1
1
5,601| 1
4 , 4 1 11 1
2,244| 1
•

HOME

1
)
1
1

i

i

11,124

OCT.
1981
S.A.

1
1

TYPE

AUTOMOBILE

MOBILE

L I

1

Q U

I D A T E

D

BY
SEP.
1981
S.A.

OCT.
1980
S.A.

26,609

26,663

11,913
4,476
2,692
4,610
502
2,266
150

12,313
4,869
2,809
4,157
449
1,911
155

6,894
3,595
2,012
1,583
1,419
1,880

I

OCT.
1981
N.S.A.

1 1 NET 1 1 0 U T S T A N D I N G
| CHG 1
J 1 O C T . | 1 END OF (CHANGE FROM END
1I
19811 I
OCT.
I OF
OCT.
1980
1 1 S.A-t 1
1981
| AMOUNT |
PERN.S.A.
CENT
1 O) 1 1 N . S . A .

26,8031 I

10141 1

328,826

11,6941 1
4,507| I
2,8631 1
4,56011
559| 1
2,4531 1
167| 1

-175J 1
1204| 1
-209J1
101|(
32| |
721 |
-111I

145,090
89,583I
46,416I
28,046 I
11,348I
5,562 |
2,781

-805
14,598 I
2,898|
2,343
1,737
826
7

--6
19.5
6.7
9.1
18-1
17.4
.3

7,343

6,574| 1

962( I

126,235 |

9,578 !

8.2

4,139
2,305 1
1,834 1
1,439 1
1,765

3,267| I
1*697| 1
1,5701I
1,420| 1
1,687 | i

-2881I
-441I
-24411
-98|I
13481 1

59,133
34,638|
24,495|
22,196|
44,906

-3,217
-934 |
-2,283|
1,386 |
11,409

-5.2
-2.6
-8.5
6.7
34.1

10,851

12,0201 J

3901 |

60,651

6,053

11.1

5 , 2b J
3 , 6 57
1,911

5,5101 J
4,0571 1
2,453| 1

1381 I
180| I
72|I

31,012
24,077
5,562

2,681
2,546
826

9.5
11.8
17.4

135| |

18,329

1,053

6.1

1
1
1
1

4111
74|I
23J |
-311

10,317
4,384
3,134
494

-185
727
480
31

-1.8
19.9
18,1
6.7

123,611

4,920

4.1

1
1
1
1

12,042
5,GoO
4, l i b |
2,26o

i

1
3521
1
225J
491
661
121

J68

372

378| 1

254
32
69
13

278
47
39
8

242|
511
73|
121

7,118|

7,374

8,184

7,3641 1

7,5911

7,305

8,097

7,8311 1

-47311

2,51H
2,2851
1,304J
409|
4641
145|

2,509
2,579
1,209
469
478
130^

2,665
2,938
1,407
440
536
198

2,605|
2#323|
1,2391
4d3|
5 6 7J
1471

2,577|
2,503|
1 , 4 12*
4d8I
455|
150|

2,404,
2 , 5t>4
1,JoU
4lj4
43i|
150

2,613
3,057
1 , 3o2
500
4 10
155

2,6751
2#569|
1,4311
5 0 31
4861
1671

-661I
-218||
-10811
-7911
9| 1
- H I1

1
1
1
1
1
1

44,628
40,293
23,726
3,969]
8,2141
2,781]

-84,
2,462
1,4811
-2031
1,2571
7|

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGLOFFS, AND OTHER CREDITS).
INCLUDES AUTO DEALERS AND EXCLUDES 30-DAY CHARGE CREDIT HELD bY RETAILERS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.
NOTE:

7.0

i

1
11,8181
1
5,4171
4,1401
2,2611

1
5501 1
1
285| 1
153J 1
104( 1
81 1

1
*
1
1
1
i

21,604

S . A . AND N . S . A . DENOTE SEASONALLY ADJUSTED AND NUT SEASONALLY ADJUSTED DATA,
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.

RESPECTIVELY.

-.2
6.5
6.7
-4.9
19.1
.3