Full text of G.19 Consumer Credit : December 7, 1990

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FEDERAL RESERVE statistical release
For immediate release
December 7, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding grew $1.5 billion in
October, following a $2.8 billion increase in September. Growth in revolving
credit slowed in October from September. Auto loans outstanding declined
further in October as did loans for mobile homes. All "other" consumer
loans outstanding increased at about the same pace as in September.
Net change in
amount outstanding
(millions of dollars)
1990
Oct p
Sep r
Aug

Annual rate of growth
(percent)
1990
Oct p
Sep r

Aug

CHANGE IN CREDIT, BY TYPE 1/
(seasonally adjusted)
Total
Automobile
Revolving
Mobile home
Other

1,465
-785
1,558
-188
880

2.4
-3.3

3,056
-1,508
2,354
180
2,030

2,837
-21
2,312
-303
849

Nov

3.6

-10.0
5.0

— —
Oct

1990——
Sep

4.6
-0.1
12.9
-15.8
4.9

5.0
-6.3
13.3
9.5
11.7

Aug

1989Nov

TERMS OF CREDIT 2/
(not seasonally adjusted)
Interest rates
Commercial banks

48-mo. new car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies
New car loan
Used car loan

Other terms at
auto finance companies
Maturity (months)
New car loan
Used car loan
Loan-to-value ratio (percent)
New car loan
Used car loan
Amount financed (dollars)
New car loan
Used car loan




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

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

11.89
15.46
14.09
18.18

11.94
15.42
13.97
18.07

n .a.
n .a .

n .a .
n .a .

12.34
16.03

12.62
15.98

13.27
16.09

n,.a.
n,.a.

n..a.
n..a.

54.3
46.1

54.8
46.2

55.1
45.6

n .a.
n,.a.

n,.a.
n..a.

85
95

86
96

89
96

n..a.
n .a.

n..a.
n,.a.

11,837
8,403

11,939
8,415

12,279
8,063

11 .62
15 .69
13 .99
18 .23

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Oct p
1990

Sep r
1990

Aug
1990

Jul
1990

Jun
1990

Oct
1989

Sep
1989

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

736,687

735,222

732,385

729,329

724,601

710,133

705,703

284,477
218,362
22,484
211,364

285,261
216,804
22,672
210,484

285,283
214,492
22,976
209,635

286,791
212,138
22,795
207,605

287,168
208,362
22,733
206,338

290,210
191,734
22,621
205,568

288,839
190,378
22,661
203,825

no^.

seasonally adjusted

737,345

737,260

734,511

727,196

722,953

711,295

708,370

344,887
141,329
91,488
50,787
36,047
4,718
68,089

344,941
140,890
91,311
51,358
36,682
4,723
67,355

342,987
139,496
91,306
52,399
37,231
4,722
66,370

339,124
138,796
90,631
52,503
36,804
4,396
64,942

335,998
138,642
90,137
52,902
37,382
4,192
63,700

335,657
143,293
91,291
58,720
37,045
3,947
41,342

332,502
146,296
91,285
59,556
37,400
4,052
37,279

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

287,805
128,167
78,033
20,785

289,255
128,937
78,116
21,239

288,221
128,079
77,205
21,562

287,479
126,986
77,716
21,692

287,254
126,988
78,273
21,043

293,664
128,213
86,655
15,024

293,114
126,972
90,217
11,785

Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets 3/

216,266
127,927
31,601
4,718
40,798

214,853
126,995
32,212
4,723
39,606

213,119
125,967
32,735
4,722
38,194

209,592
124,569
32,325
4,396
36,786

206,820
122,116
32,884
4,192
36,076

189,913
120,484
32,618
3,947
20,371

188,684
119,413
32,961
4,052
19,731

22,713
9,356
5,400

22,815
9,396
5,423

23,033
9,541
5,358

22,873
9,443
5,328

22,644
9,296
5,266

22,849
9,130
5,205

22,808
9,121
5,106

210,561
79,437
57,896
4,446

210,337
79,613
57,351
4,470

210,138
79,400
56,933
4,496

207,252
78,126
55,752
4,479

206,235
77,598
55,103
4,498

204,869
77,830
51,433
4,427

203,764
76,996
50,973
4,439

6,506

6,510

6,614

6,464

6,581

5,947

5,763

Total
Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized assets 3/
Major credit type 4/

Mobile homes
Commercial banks
Finance companies
Other
Commercial banks
Finance companies
Retailers
Pools of securitized assets
Cincl, mobile homes) 3/
f

1. The Board s series on amounts of credit covers most short- and intermediate-term credit
extended to individuals that is scheduled t o be repaid Cor has the option of repayment) in two
or more installments, excluding loans secur ed by real estate.
2. Interest rates are annual percentage rat es as specified
by Regulation Z. Commercial
bank data are simple unweighted averages of each bankss "most common" rate charged during
the first calendar week of the month. Fina nee company data from the subsidiaries of the
three major U.S. automobile manufacturers a re volume-weighted averages covering all loans
of each type purchased during the month.
3. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator
4. Type-of-credit totals include estimates for certain holders for which only consumer
credit totals are available.
r = revised.

preliminary.

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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