Full text of G.19 Consumer Credit : January 11, 1983

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FEDERAL RESERVE statistical release
FOB IMMEDIATE RELEASE
January 11, 1983

G. 19

CONSUMES INSTALLMENT CfiEDIT - NOVENBEB 1982
Consumer installment credit outstanding increased $2.52 billion in November,
after seasonal adjustment, following a decline of $0.32 billion in October. The November
gain was equivalent to a 9 percent annual rate of growth, compared with a 2 percent
growth rate during the third quarter. Installment credit increased 6-3/4 percent during
the full year 1981.
Automobile credit accounted for the largest share of the total gain, advancing
$1.82 billion in November after a small decline in October. The large "other" c a t e g o r y —
covering personal cash loans and sales finance contracts on nonauto consumer g o o d s — a l s o
strengthened in November, with a $560 million rise following a $350 million drop the
previous month.
Extensions climbed to a new high of $31.61 billion in November from $28.06
billion in October. Liquidations reached $29.09 billion, also a new high, from
$28.39 billion a month earlier.

(IN MILLIONS OP DOLLARS)
NO?. 1982 |OCT. 1982 |NOV. 1982 1NO?. 1981 |LATEST 12 MONTHS
1(NOT SEAS.ADJ.)
(SEASONALLY ADJ.)
|
(NOT SEAS, ADJ.)
j
,.
31,6101
Amount extended:
30,9051
26,5261
336,764
28,062]
I
I
1
I
Automobile
93,338
10,32S|
9,228|
7,123!
7,970!
devolving (1)
146,834
12,489|
13,0181
11,7431
12,340!
Mobile Home
5,499
4841
448|
4531
476|
Other
91,093
8,308]
8,2111
7,207|
7,2761
I
I
I
I
I
1
I
Amount liquidated:
I
328,825
29,0871
28,8891
26,125|
28,386!
Net change in amount
!
!
I
1
outstanding:
7,939 (3)
I
I
I
1
2,523|
2,016|
401|
Automobile
-3241
W
I
Revolving (1)
1
I
!
W
Mobile Home
1,8i16|
9751
(>
*
41J
-78!
Other
1071
583|
(«)
472!
1081
81
401
811
-41
Amount outstanding,
450!
560!
-3501
-1931
end of month
I
I
(2)
!
I
I
I
!
i
NOTE: The Board's series covers most short- and intermediate-term credit extended
336,991!
12)
1
1
to individuals through regular business(2)
channels, usually to finance the
329,0531
purchase of consumer goods and services or to refinance debts incurred for
such purposes, and scheduled to be repaid (or with the option of repayment)
in two or more installments. Details may not add to totals due to rounding.
0) Credit cards at retailers, gasoline companies and commercial banks, and
check credit at commercial banks.
Hot applicable or not available.
(2)
(3)
A value for the unadjusted net change in outstandings appears also on the next
to last column on the next page, but may vary slightly, due to different
aggregation methods.
For values see ihm next to last column on the next page under the heading
(<*)
"change from end of November 1981 amount n«s.a. N
INSTALLMENT CREDIT




CONSUME* INSTALLMENT CBEDIT BY HOLDER AND TYPE -

NO?* 1982

(IN MILLIONS OF DOLLABS)

EI

I1

TENDED

,

INSTALLMENT CBEDIT fil
HOLDBU A N D TIPS

NO?.
1982
S.A.
31,610

Total
By major holder
Commercial banks
Finance companies
Credit unions
Setailers (2)
Savings a n d loans
Gasoline companies
Mutual savings hanks

14,616
6,231
3,438
4,383
884
1,867
191

By major credit type
Automohile

10,329

Commercial h a n k s
Indirect paper
Direct loans
Credit unions
Finance companies
Bevolving

4,796
3,016
1,780
1,786
3,747
12,489

OCT1982

S.A.

|
|

|

MO?.
1981
S.A.

*

128,0621
27,370
I
I
I
I
12,430
13,322|
5,287
4,427|
2,571
2,897|
4,279
4,431J

961|
1,835|
1891
I
J
I

7,9701
I
4#296|
2,785!
2,5111
1,5141
2,1601
I
12,3401
1
6,455{
4,0501
1*8351

668
1,963
172

8,073
3,979
2,516
1,463
1,342
2,752
11,379

NO?,
1982

1|
|
|
l|

M.S. A. III
3 0 , 9 0 5 | ||
II
II
II
II
13,689|||
5 , 9 4 3 | |I
3 , 1 8 2 | |1
5 , 2 3 7 | ||
895|| |
1,742H|
217|| 1
II
II
II
9 , 2 2 8 | ||
II
4 , 2 9 5 | J1
2 , 6 7 1 | ||
1 , 6 2 4 | ||
1 , 6 4 0 | |1
3 , 2 9 3 M|
li
1 3 , 0 1 8 | |1
II

L I Q 0 I D A T E D
NO?. | OCT.
1982 j 1982
S.A. | S.A.

|
|

NOVNC?.
1981 | 1982
S- A.
H.S.A.

NET
CflG
NO?.
1982
S.A.

2523 | 336,991

7,938|

1,583|
1.1
3,506| 3.9
740|
1.6
1291
.5
2,143| 18.6
-346| -7.7
183| 6.6

| END OF
| NO?.
| 1982
| M.S. A.

|
CHANGE FSOM END
| OF NO?. 1981
| AMOUNT| FEHM.S.A.J C2NT

29,087

28,386

26,770

13,712
5,098 |
3,020
4,461
690
1,906I
180

13,371
4,820|
2,929 |
4,519 |
633
1,950
164

11,997 |
4,325I
2,795|
4,405|
547 |
2,044 I
157 I

13,451
5,022
2,994
4,644
679
1,923
176

904
1133
418
-98
194
-39
11

8,513

8,048

7,509

8,253

1816 I 129,594 1

4,196
2,520|
1,676I
1,554 |
2,763

4,244
2,713
1,531 I
1,526I
2,278

3,759
2,145 |
3,614 |
1,419 |
2,331

4,095
2,475
1,620
1,550
2,608

12,382

12,232

11,358

28,889

(D

| O U T ST A N D I N G

12,435

600
496
104
232
984

| 148,270
| 93,462|
| 46,832|
| 27,6391
I 13,672 1
|
4,141|
I
2,975 |

I
|
I
1
I

107 |

3,209)

2.4

2.5

58,996
-129|
-.2
35,6861
2.6
905|
23,310 | -1,034| -4.2
22,395
354|
1.6
48,203 1 2,984|
6.6
61,500

2,577!

4.4

8.1
2,4951
I
6,436 > 6,209
6,323
202 I 33,371
5.386
6,503||
-56 ] 23,988
4,040
4,189
'5,073 I
428|
1.8
3,928 |
4,773| |
-39 I
|
1,906 |
1,923
-346|
-7.7
1,742||
4,141|
1,950
2,044
I
II
2.4
441|
Mohile h o m e
479
440
40 | 18,821
484
444 ,
404
480
476(
448|| I
1
I
I
-6.7
-689!
247
Commercial hanks
237
235
271
-19 I
|
256 |
9,578
244
194)]
174|
Finance companies
84
108
88|
3 |
66I
4,970|
531! 12.0
81 |
85
84| I
!
811
127
107 i
Savings and loans
53 I
82 I
3,775
592|
16.6
147
i
94 1
95
1551 j
207|
Credit unions
14 i
16
12 I
3 I
9
498
8!
1.6
13 I
'
13
15| I
I'M
II
I
1.4
7,761
8,308
560 | 127,076
Other
|
7,748I
1,711|
7,439
7*626 i 7,499 |
8,21111
7,2761
II
I
Commercial hanks
2,786
-94|
-.2
2,945
|
2,824 i
121 I 46,325
2,632
2,S47
2,608 |
2,697||
Finance companies
2,397|
2,329
2,400
|
2,254I
.0
146 | 40,289|
2,427
2,454
-9|
2,428 |
2,566||
2,1861
Credit unions
1,431
1,636
I
1,453 I 1,389
183 | 23,939|
1,220
1,364 I
378|
1.6
1,527||
Betailers
1,3691
399
455
1
441 |
-42 1
447
446|
477|
-299|
-7.6
3,651|
464|| I
Savings and loans
381|
584
596 I
737
141 I
541
526 |
465|
9,897| 1,5521 18.6
740|| I
Mutual savings hanks
7541
176
191
180 |
11 1
172
164|
157|
183|
6.6
2,975!
217| j
1891
(1) Net changes for a l l months equal extensions minus liguidations (repayments, chargeoffs, and other c r e d i t s ) .
(2)
Includes auto dealers and excludes 30-day charge credit held hy retailers and by travel and entertainment companies.




Commercial hanks
Betailers
Gasoline companies

NOTE:

6,638
3,984
1,867

5,584
3 , 832
1,963

s.a. and n.s.a. denote seasonally adjusted and not seasonally adjusted data, respectively.
DPtailu may not add to totals due to rounding.