Full text of G.19 Consumer Credit : February 7, 1991

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FEDERAL RESERVE statistical release
For immediate release
February 7, 1991
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding declined $1.45 billion in
December, following a $2.76 billion increase in November. Apart from
small dip in February 1989, the last significant declines in consumer
installment debt were in January and February of 1987. In December,
auto credit posted a gain while all other credit types —
revolving,
mobile home, and "other" — declined.
Net change in
amount outstanding
(millions of dollars)
1990
Dec p
Nov r
Oct

Annual rate of growth
(percent)
1990
Dec p
Nov r
Oct

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

-1,447

2,762

786

81

-1,226
-788
-219

1,375

27

1,372
-859
1,577
-182

1,279

836

-2.3
3.3
-6.7
-42.0
-1.2

4.5
0.3
7.6
1.4
7.3

1990

Dec

Nov

Sep

Oct

2.2
-3.6
8.7
-9.6
4.8

1989Dec

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

n .a .
n.a .
n .a .
n.a.
12.86
16.04

Other terms at
auto finance companies
Maturity (months)
New car loan
54.7
Used car loan
45.8
Loan-to-value ratio (percent)
New car loan
85
Used car loan
94
Amount financed (dollars)
New car loan
12,140
Used car loan
8,530




11.62
15.69
13.99
18.23

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

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

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

12.74
16.07

12.57
16.12

12.34
16.03

13.27
16.10

54.6
46.0

54.6
45.1

54.3
46.1

55.1
45.5

85
95

85
95

85
95

89
96

11,986
8,494

11,917
8,423

11,837
8,403

12,301
8,096

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

Nov r
1990

Oct
1990

Sep
1990

Aug
1990

Dec
1989

Nov
1989

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

737,910

739,357

736,595

735,222

732,385

716,624

713,903

285,269
218,531
21,730
212,380

284,483
219,757
22,518
212,599

284,402
218,381
22,491
211,320

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

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

290,770
197,110
22,343
206,401

290,972
194,679
22,197
206,055

not seasonally adjusted
749,852

740,346

737,252

737,260

734,511

727,561

715,145

351,198
155.641
135,641
91,203
49,594
42,111
-4,747
r,/T#
75,358

346,128
159.195
139,195
91,174
50,310
37,470
4,701
-r,#vx
71,368

344,875
141.529
141,329
91,406
50,787
36,047
4,718
-rytJLfj
68,090

344,941
140.ft90
140,890
91,311
51,358
36,682
4,723
-r,
/ t--»
67,355

342,987
139.496
139,496
91,306
52,399
37,231
-4,722
T,/CC
66,370

343,865
140.ft52
140,832
90,875
57,228
42,638
3,935
J
, 7_>^»
48,188

337,285
142.An?
142,802
90,965
58,236
37,906
3,853
_>><JZJ_>
44,098

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

284,841
126,050
74,397
24,198

285,877
127,039
75,224
23,159

287,730
128,133
78,033
20,786

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

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

290,421
126,613
82,721
18,191

292,543
128,111
85,725
15,376

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

230,769
133,687
37,535
4,747
43,808

219,713
129,111
32,993
4,701
41,797

216,285
127,950
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

208,188
130,956
37,967
3,935
22,977

194,640
122,728
33,432
3,853
22,186

21,671
10,048
3,756

22,646
9,351
5,364

22,720
9,363
5,400

22,815
9,396
5,423

23,033
9,541
5,358

22,283
9,155
4,716

22,319
9,144
4,682

212,571
81,413
57,488
4,576

212,110
80,627
58,607
4,477

210,517
79,429
57,896
4,446

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

210 138
79,400
56,933
4,496

206,669
77,141
53,395
4,671

205,643
77,302
52,395
4,474

7,352

6,412

6,506

6,510

6,614

7,020

6,536

Total
Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline
companies
V7ci:>u
j . JLI its i~<_niipcii
ixts^
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
(incl. mobile homes) 3/

1. The Board's series on amounts of credit 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. Interest rates are annual percentage rates as specified by Regulation Z. Commercial
bank data are simple unweighted averages of each bank's "most common" rate charged during
the first calendar week of the month. Finance company data from the subsidiaries of the
three major U.S. automobile manufacturers are 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.

p = 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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