Full text of G.19 Consumer Credit : February 8, 1990

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FEDERAL RESERVE statistical release
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For immediate release
February 8, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding increased $4.9 billion in
December, following a $4.6 billion gain in November.
For 1989 as a whole,
outstanding credit grew 6 percent—down from the 8-1/2 percent advance
in 1988. In December, revolving credit strengthened further while auto
and "other" borrowings rose at a slower pace. Mobile home loans outstanding
grew in December after declining in the previous month.
Net change in
amount outstanding
(millions of dollars)
1989
Dec p
Nov r
Oct

Annual rate of growth
(percent)
1989
Dec p
Nov r
Oct

CHANGE IN CREDIT, BY TYPE 1/
(seasonally adjusted)

Total
Automobile
Revolving
Mobile home
Other

4,913

4,598

3,191

259

453

993

4,062

2,861
-380
1,664

1,076

35
557

7,
1.
17.
-19.
10.

8.
1.
24.
1.
3.

-44
1,166

5.4
4.1
6.6
-2.3
7.1

1989-

Dec

Nov

Oct

1988Dec

Sep

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 .
13.27
16.10

Other terms at
auto finance companies
Maturity (months)
New car loan
55.1
Used car loan
45.5
Loan-to-value ratio (percent)
New car loan
89
Used car loan
96
Amount financed (dollars)
New car loan
12,301
Used car loan
8,096




11.94
15.42
13.97
18.07

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

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

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

13.27
16.09

13.04
16.17

12.42
16.22

13.25
15.80

55.1
45.6

54.4
45.8

53.1
46.2

56.3
46.0

89
96

88
96

88
96

94
98

12,279
8,063

11,965
7,904

11,841
7,856

12,068
8,022

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Dec p
1989
S.A.

Nov r
1989
S.A.

717,074

712,160

707,562

704,371

703,001

334,936
140,484
89,886
57,693
42,744
3,835

332,675
141,396
89,677
58,264
42,554
3,828

330,746
141,273
89,856
58,890
42,319
3,804

327,327
144,188
89,892
59,883
42,221
3,886

326,135
144,386
90,016
59,229
41,989
3,976

47,495

43,766

40,675

36,974

37,270

Automobile
Commercial banks
Finance companies
Credit unions
Savings institutions
Pools of sec. assets 4/

289,459
127,285
83,572
42,865
17,332
18,404

289,200
128,654
84,707
42,720
17,504
15,615

288,747
128,238
84,814
42,761
17,692
15,243

287,754
126,759
88,317
42,733
17,990
11,955

288,533
126,597
89,439
42,747
17,603
12,147

281,174
123,259
97,204
41,326
19,385
n.a.

n.a.
127,667
83,631
n.a.
n.a.
18,404

n.a.
123,621
97,245
n.a.
n.a.
n.a.

Revolving 6/
Commercial banks
Savings institutions
Retailers
Gasoline companies
Credit unions
Pools of sec. assets 4/

203,301
122,404
10,775
37,804
3,835
5,406
23,077

199,240
119,254
10,881
37,639
3,828
5,351
22,286

196,379
118,801
10,998
37,435
3,804
5,319
20,021

195,302
117,868
11,183
37,355
3,886
5,279
19,731

194,398
117,012
11,206
37,134
3,976
5,244
19,827

174,792
117,572
10,151
38,692
3,687
4,691
n.a.

n.a.
127,582
n.a.
41,910
3,822
n.a.
23,077

n.a.
122,559
n.a.
42,893
3,674
n.a.
n.a.

22,602
9,001
4,846
8,756

22,567
8,941
4,783
8,843

22,947
8,724
5,272
8,951

22,991
8,788
5,087
9,116

22,938
8,808
5,100
9,030

25,744
8,974
7,186
9,583

n.a.
8,989
4,848
n.a.

n.a.
8,966
7,191
n.a.

201,711
76,246
52,066
41,615
20,830
4,940

201,154
75,826
51,906
41,606
21,036
4,914

199,490
74,983
51,187
41,776
21,249
4,884

198,324
73,912
50,784
41,880
21,593
4,866

197,132
73,718
49,847
42,025
21,390
4,855

177,798
69,120
40,790
40,102
22,981
4,807

n.a.
75,865
53,314
n.a.
n.a.
5,107

n.a.
68,785
41,776
n.a.
n.a.
4,970

6,014

5,865

5,411

5,288

5,296

n.a.

6,014

n.a.

Total

Oct
1989
S.A.

Sep
1989
S.A.

Aug
1989
S.A.

Dec p
1989
N.S.A.

Dec
1988
N.S.A

659,507

729,322

671,362

318,925
145,180
86,118
62,099
43,498
3,687

340,103
141,793
90,920
58,172
47,017
3,822

323,931
146,212
87,110
62,572
47,863
3,674

Dec
1988
S.A.

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

47,495

Major credit type 5/

Mobile homes
Commercial banks
Finance companies
Savings institutions
Other
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Pools of sec. assets
(incl. mobile homes) 4/

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. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
4. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator.
5. Not seasonally adjusted data are unavailable by type of credit for certain holders. In these
cases, the seasonally adjusted total for the holder group has been allocated among the
components using the latest available benchmark information.
6. Excludes 30-day charge credit held by travel and entertainment companies.
n.a.= Data not available.
S.A.= Seasonally adjusted,
r = revised.
p = preliminary.

N.S.A.= Not seasonally adjusted.

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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