Full text of G.19 Consumer Credit : December 7, 1995

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:

December 7, 1995

Consumer Installment Credit
G.19
Data included in this consumer installment credit release have been revised from December
1994 forward. These revisions, concentrated in the savings institutions and credit union lines,
reflect benchmarks to recent Call Reports as well as other new information.

The format of the release has been changed to provide more historical information on
growth rates of consumer credit and the terms of credit. Month-to-month dollar changes in
outstanding credit (no longer shown separately) can be calculated from the amounts outstanding.




FEDERAL RESERVE statistical release
G.19

CONSUMER INSTALLMENT CREDIT

For release at 3 p.m. (Eastern Time)
December 7,1995

October 1995

Consumer installment credit outstanding grew at a 12.7 percent seasonally adjusted annual rate in October, following a 5 percent rate of gain in September. All types of credit expanded more rapidly in October
than in September.

CONSUMER INSTALLMENT CREDIT OUTSTANDING1
Seasonally adjusted
1995

1994
Oct.
Percent change at annual rate 2
Total
Automobile
Revolving
Other3
Amount: billions of dollars
Total
Automobile
Revolving
Other3

Nov.

Dec r

Feb/

Jan/

Mar/

Apr/

Mayr

June1"

Julyr

Aug/

Sept/

Oct.P

11.8
9.9
9.8
17.0

18.3
15.5
28.6
8.1

9.7
7.7
7.6
15.0

15.3
8.0
20.3
18.1

5.9
6.3
17.3
-9.8

18.4
8.4
22.5
25.4

17.2
10.7
24.6
15.2

16.3
6.8
24.6
16.6

14.4
9.9
20.5
11.4

10.8
23.3
9.4
-2.6

12.6
9.4
14.1
14.7

5.0
4.9
7.7
1.5

882.2
311.2
324.7
246.4

895.6
315.2
332.4
248.0

902.9
317.2
334.5
251.1

914.4
319.3
340.2
254.9

918.9
321.0
345.1
252.8

933.0
323.3
351.5
258.2

946.3
326.2
358.7
261.4

959.1
328.0
366.1
265.0

970.6
330.7
372.3
267.5

979.4
337.1
375.3
267.0

989.7
339.8
379.7
270.3

993.8
341.2
382.1
270.6

1,004.4
344.7
387.2
272.5

.

12.7
12.6
16.0
8.3

TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES4
Percent except as noted: not seasonally adjusted
Institution, terms, and type of loan
Commercial banks
Interest rates
48-mo. new car
24-mo. personal
Credit card plan
All Accounts
Accounts assessed interest

n.a.
n.a.

8.75
13.59

n.a.
n.a.

n.a.
n.a.

9.70
14.10

n.a.
n.a.

n.a.
n.a.

9.78
14.03

n.a.
n.a.

n.a.
n.a.

9.44
13.84

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

15.69
15.77

n.a.
n.a.

n.a.
n.a.

16.14
15.27

n.a.
n.a.

n.a.
n.a.

16.15
16.23

n.a.
n.a.

n.a.
n.a.

15.98
15.94

n.a.
n.a.

n.a.
n.a.

New Car Loans at Auto finance companies
Interest rates
10.39
Maturity (months)
54.9
Loan-to-value ratio
92
Amount financed (dollars)
15,827

10.53
54.6
93
15,971

10.72
53.9
92
16,187

11.35
53.9
92
16,068

11.89
54.1
92
15,774

11.95
54.5
92
15,826

11.74
54.6
92
16,029

11.43
54.4
92
16,155

11.08
53.9
92
16,083

11.01
54.1
92
16,086

10.85
53.5
92
16,056

10.75
53.4
92
16,402

10.89
54.6
92
16,430

This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206
Footnotes appear on reverse.




CONSUMER INSTALLMENT CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
1995

1994
Oct.

Nov.

Dec.r

Jan.r

Feb/

Mar/

Apr/

Mayr

Juner

Julyr

Aug/

Sept/

882.6

898.9

925.0

922.9

917.6

926.5

938.0

950.6

964.3

972.0

990.4

996.5 1,004.6

407.1
131.6
116.0
38.1
52.4
137.4

415.2
132.9
117.4
38.3
54.6
140.5

427.9
134.8
119.6
38.5
61.0
143.3

425.9
137.5
120.2
38.2
57.8
143.4

423.1
134.8
120.5
37.8
55.8
145.5

425.2
135.8
121.6
37.5
55.4
151.1

431.4
137.8
122.8
37.8
55.1
153.0

434.9
139.6
124.0
38.1
55.9
158.1

437.5
141.7
125.3
38.4
56.3
165.0

441.2
142.2
126.5
38.9
56.4
166.9

451.8
145.5
128.4
38.6
55.7
170.3

449.5
146.2
129.0
38.9
54.2
178.7

451.2
148.7
130.3
38.5
54.6
181.3

Automobile
Commercial banks
Finance companies
Pools of securitized assets6

313.7
140.3
60.8
34.8

316.8
141.7
61.4
34.7

318.2
141.9
61.6
34.9

317.8
141.5
62.3
33.3

318.9
141.8
61.1
34.3

321.4
141.9
61.3
35.2

323.9
142.0
62.4
35.3

326.5
142.9
63.7
36.2

330.7
144.8
65.2
36.7

336.2
146.1
65.9
37.1

341.7
148.5
68.3
36.7

344.4
148.9
68.9
37.5

347.6
150.8
70.8
36.5

Revolving
Commercial banks 5
Nonfinancial business
Pools of securitized assets6

322.5
164.2
47.2
89.6

334.5
171.1
49.3
92.3

352.3
180.2
55.3
94.4

347.3
177.0
52.3
95.8

344.8
175.6
50.4
96.6

347.2
175.8
50.0
101.2

354.1
180.6
49.8
103.2

361.3
183.0
50.6
106.8

367.6
183.0
51.0
112.6

370.5
184.2
51.1
114.3

377.8
189.2
50.4
117.7

380.3
185.6
48.9
123.7

384.6
186.5
49.4
126.7

Other
Commercial banks
Finance companies
Nonfinancial business5
Pools of securitized assets6

246.3
102.6
70.8
5.3
12.9

247.6
102.5
71.5
5.4
13.5

254.5
105.8
73.2
5.6
14.0

257.8
107.4
75.1
5.5
14.3

253.9
105.8
73.7
5.4
14.6

257.9
107.6
74.5
5.4
14.7

260.0
108.8
75.4
5.3
14.5

262.8
109.0
75.9
5.3
15.1

265.9
109.8
76.6
5.3
15.7

264.7
110.8
76.3
5.3
15.5

269.5
114.1
77.3
5.3
15.9

271.8
115.0
77.3
5.3
17.5

272.4
114.0
77.9
5.2
18.1

Total

Oct.P

Major holders

Commercial banks
Finance companies
Credit unions
Savings institutions 5
Nonfinancial business
Pools of securitized assets6
Major types of credit7

1. 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, excluding loans
secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other installment loans not included in automobile or revolving credit, such as loans for education, boats, trailers, or vacations. These loans may
be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans and personal loans at commercial banks are simple
unweighted averages of each bank's most common rate charged during the first calendar week of the middle month of each quarter. For credit card accounts, the rate for all accounts
is the stated APR averaged across all credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges at all reporting banks
to the total average daily balances against which the finance charges were assessed (excludes accounts for which no finance charges were assessed). Finance company data are from the
subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans of each type purchased during the month.
5. Includes retailers and gasoline companies.
6. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators.
7. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.