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FEDERAL RESERVE statistical release




'.f^mfy
G.iq

(42i)

iOB IfffflDlATE RELEASE
DECMBffi 8, 1980

CONSOMER INSTALLMENT CREDIT - OCTOBER

1980

CONSUMER INSTALLMENT CREDIT OUTSTANDING EXPANDED IN CCTOBIR BY $1.47 BILLICN,
SEASONALLY ADJUSTED, EQUIVALENT TO AN ANNUAL RATE OF GROWTH OF 5,8 PERCENT, THE SAME
AS IS SEPTEMBER.
0CTC8ER»S GROWTH RATE EXCEEDED THE 1 PERCENT GROWTH OF THE THIRD
QUARTER AND THE 11-1/2 PERCENT CCNTEACTION OF THE SECOND QUARTER, SOT R E N A M E D BBLOH
THE 13 PERCENT EXPANSION FCR 1979 AS A WHOLE,
EXTENSIONS OF INSTALLMENT CREDIT ROSE SOMEWHAT FURTHER 10 127.55 filLlICB IB
OCTOBER, FOLLOWING SHARP INCREASES DURING THE PRECEDING THREE MONTHS. H W O J D A T I Q H S ALSO
INCREASED MCEEBATELY, REACHING A RECORD $26.08 BILLION.
EXTENSIONS EDGED DCHN FOR AOTO
CREDIT AND WERE UP A BIT IH THE CTHER CATEGORIES.

(IN MILLIONS OF DOLLARS)
INSTALLMENT

AMCUBT

CREDIT

EXTENDED:

AUTCMCBIIE
REVOLVING (1)
MOBILE HCME
CTHER

AMOUNT

LIQUIDATED

NET CHANGE IN ABCUN-I
OUTSTANDING:
AUTOMOBILE
REVOLVING (1)
MOBILE HCME
OTHER
AMOUNT OUTSTANDING,
END CF MONTH

(2)
<3)

<<0

OCT. 1980 | SEP. 1980 | OCT. 1980 * OCT. 1979 I1ASEST 12 MONTHS
(SEASONALLY ADJ.)
J
|(»CT SEAS.ADJ.)
(HOT SEAS. ACJ.)
27,S<»8|
I
7,6321
11,118|
5111
8, 287 J
1
I
26,0831
I
I
1,4651
I
490)
4671
102|
406J
I
I
(2)
t

27,308|
I
7,718!
10,8971
485]
8,208|
I
1^
25,8S8|
I
1
1,450|
1
443|
346|
50|
611J
I
I
(2)
|

28,075|
I
7,795|
11,319|
548|
8,413|
1
27,3311

I
f
7441
1
118|
2941
1241
208J
1
I
305,4521

28,094f
I
7,83*»
10,616|
595|
9,052|
I
I
26,7791
I
I
1,3151
I
"II
461)
1391
6041
I
I
305,2171

300,781
80,635
126,449
5,565
88, 132

300,543

238

(*>
I*)
I*)

(2)

THE BOARD'S SERIES COVERS MOST SHORT- AND INTERMEDIATE-TERM CfcEDIT EXTENDED
TO INDIVIDUALS THROUGH RE ULAR BUSINESS CHANNELS, USUALLY 10 EINANCE TBE
PURCHASE CF CONSUMER GOODS AND SERVICES OR TO REFINANCE DEBTS INCURRED FOR
SUCH FURPCSES, ANE SCHEDUL ED TO BE REPAID (OR WITH THE OPTION CF REPAYMENT)
IN TWO OR MORE INSTALLMENT S.
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
CREDIT CARES AT RETAILERS, GASOLINE COMPANIES AND COMMERCIAL EANKS, AND
CHECK CREDIT AT COMMERCIAL BANKS.
NOT APPLICABLE OR NOT AVAI LABLE.
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO CN THE NEXT
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TC DIFFERENT
AGGREGATION METHODS.
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
"CHANGE FBCM END CF OCTOBE E 197? AMOUNT N.S.A."

(3)

CONSUMES INSTALLMENT

CREDIT

CY HOLDER AMD

{IN .MILLIONS OF

II

E X T E N E E D
INSTALLMENT

CREDIT

TYPE

OCT.
1980
S.A.

J
J
1

27,5481

TOTAL

SEP.
1980
S.A.

1
J
J

27,308|

OCT.
19 79
S.A.

OCT.
1
1980
1
1 N.S.A.

L I

27,6951

H
|
|

28,073|

OCX.
1980
S.A.

J
J
1

Q 0

26,0831

S2P.
1980
S.A.

I D A T E L

|
<

BY MAJOR HCLDEE
11,704|
5,229J
3,0'eej
4,395|
S59|
2,0821
191|

CCMMSRCIAI EAKK3
FINANCE COMPANIES
cnfoiT UNIONS
RETAILERS (2)
SAVINGS AND LOANS
GASCLINE CC3PANIES
HUTHAL SAVINGS BANKS

11,9051
5,3591
2,7331
4,4221
726J
2,0331
1301

12,7181
5,6421
2,9421
3,9301
5711
1,7731
119J

11,7821
4,860!
2,8331
3,930|
527|
2,0121
134f

AUTOMCEILE
CGflflEBCIAL EANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE COMPANIES
REVOLVING

1

1
1
1

i
1
1
I
1
1

T A N D I N G

1465]j

27,3311j

\ CHANGE ?. ,OM END
1 CF OCT. H 7 9
1 AMOUNT I
PERCENT
1 N.S.A.1

305,4521

235J

12,25211
5,2611
2,97C|
3,9381
57C| I
2,199»|
141|
i

I
1

1

7,1891
1
3,932!
2,139!
1,843!
1,5131
1,6941

7.6771
1
4,036!
2,173|
1,8631
1,5131
2,128}

- 7 8 | ! 140,8971 -3,2551
-5.5
74,985!
9,2931
14. 1
369H
250 I I
43,5181 -5,2521 - 1 0 . 8
4651
2,0651
26,9251
3.3
18.1
1,8201
33211
11,8931
701|
8631
5,0421
20.8
57JI
-304| -12.2
2,1921

1

7,7951
1
3,8941
2,1181
1,7761 1
1,4921 1
2,4091 1

7,1421

7,275

4,1851
2,3761
1,8091
1,4341
2,057|

3,9171
2,106|
1,311!
1,4541
1,771|

3,905 1
2,112
1,793
1,447 I
1,923

11,1181

10,8971

10,4241

11,319» |

10,6511

10,551 1

9,7601

467J

52,945|

2,3621

4. 1

5,0051
},859l
2,0331

5,165|
3*4361
1,7731

5,3321 1
3,9511 I
2,0361 1

5,162!
3,4771
2 , 0 12|

5,071
3,477 1
2,00 3 1

4.9121
3,1971
1,6511

5,3731
3,4531 I
2,1991 1

~3|
4001 I
701 i

27,211|
20,692)
5,042|

-3391
1,583|
863|

-1.4
3.3
20.8

485J

582|

548| I

1
43 21
1
269)
56!
93|
141

424! I
1
292! 1
5CJ 1
73| |
9! !

1 02 J1

18,052

8081

4.7

5,1591
3,8771
2,0921

2301
87J
1651
91

2,5641
2,3J3J
1,507|
5181
6741
10 11

4901

-424 1

7,6761

3,9281
2,124J
1,8041
1,444|
2,3461

-1661
-511J
-1151
1181
5381

11,025|

230|
341
1531
13J

3741
831
1141
111

2441 1
106J 1
190| 1
31 1

279J
511
701

^1

1
1
1
259 1
56 1
107 1
13 1

8,2081

9,0131

8,4131 1

7,381|

i
7,597 1

I
8,1281

3,205! !

2,7421
2,9291
1,27€|
563J
563|
1 30 J

2,994 1
3,5021
1,497|

2,6421
2,9031
1,426|
540|
724|
1731

i
|
1
1
1
1

2,424J
3,0331
1,375|
4531
457|
134|

2,502
2,752
1,261
521
437
124

2 , 7 3 41
2,8161
1 , 5 6 7!
3961
402|
1611

2,551|
3,083|
1,4481
485J
497J
141J

<44<4)

457|
119|

1

409!

435

1
1
1
I
|
1

-49|
3b 1I
115 | 1
0|
4 06}

1u0j i
I -205| I
I
132! I
I
65! 1
I
217J 1
1
57J 1

114,4521
60#145|
34,5571
25,568|
20,8101
13,497|

9,897|
3,6571
4.Q36J
4 62
120,003

S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY
DETAILS MAY NOT ADD TC TOTALS DUE TC RCUKDING.

ADJUSTED

DATA, RESPECTIVELY.

-.4

- 5 , 8 2 9|
-8.8
-2,912|
-7.8
-2,9161 -10.2
-2,5121 -10.8
7,9161
30.9

-116|
-1.2
3621
11.0
613!
13.1
-56| -10.7
-2,211!

-1.3

43,644| -1,9221
-4.2
1,015!
37,831|
2.8
22,246| -2,634 | -10.8
3.4
6,2331
482!
7,8571
1,202|
13.1
-3D4J - 1 2 . 2
2,1S2J

NET CHANGES FOF ALL MONTHS E Q 'IA L EXTENSIONS MINIS LIQUIDATIONS (REPAYMENTS, CHARGECFFS, AND OIHER C R E D I I S ) .
INCLUCES AUTC DEALERS AND EXCLUDES 30-DAY CHARGE CFEDI± HELD 2Y RETAILERS AND 3Y TRAVEL AND SNIFBIAINHEHT COMPANIES.




. 1

II
1 1
11
1

7,7181

8,267|

OTHER
COMMERCIAL EANKS
FINANCE COMPANIES
CREDIT UNICNS
RETAILORS
SAVINGS AND LOANS
MUTUAL SAVINGS EANKS

11,947|
4 , 566J
3,09tt|
3,5951
4951
1,6511
16 11

1|
||
1

3.7511
2,055|
1,69b J
1,5721
2,309}

1
COMMERCIAL EANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNICNS

11,737
4,731
2,721
3,998j
544
2,003
, 124

1 1O U T S
J |
CC'L | J END CF
1930J|
OCT.
S. A. J |
1980
(1) I I N . S . A .

NET
| | CHG
OCT.
1990
N.S.A.

7,632|

511J

MOBILE HCflE

»
!
I
I

1
1
I
1

I
1

TYPE

COMMERCIAL EANKS
RETAILERS
GASOLINE COMPANIES

1
11
1
12,1121
5,4231
2,9261
4,491|
9141
2,0361
173|

OCT.
1979
S.A.

25,5091

2 5,85 8

!

(1)
(2)

1980

EY J

HOIPEE AND TYPE

BY MAJOR CREDIT

OCT.

DOLLARS)