Full text of G.19 Consumer Credit : January 11, 1996

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FEDERAL RESERVE statistical release
G.19

CONSUMER INSTALLMENT CREDIT

For release at 3 p.m. (Eastern Time)

November 1995

January 11,1996

Consumer installment credit outstanding expanded at a 10.4 percent seasonally adjusted annual rate in November, after increasing at a 13.7 percent rate in October. Revolving credit slowed to a 9.2 percent
rate, while the auto and 'other' credit components each grew at about an 11 percent pace.

CONSUMER INSTALLMENT CREDIT OUTSTANDING1
Seasonally adjusted
1994
Nov.
Percent change at annual rate 2
Total
Automobile
Revolving
Other3
Amount: billions of dollars
Total
Automobile
Revolving
Other3

1995
Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

Oct/

Nov.P

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

13.7
12.4
16.0
12.1

10.4
11.2
9.2
10.9

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

1,005.2
344.7
387.2
273.3

1,013.8
347.9
390.1
275.8

TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES4
Percent except as noted: not seascmally 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

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.

9.36
13.80

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.

15.81
15.71

New Car Loans at Auto finance companies
Interest rates
10.53
Maturity (months)
54.6
Loan-to-value ratio
93
Amount financed (dollars)
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

10.84
54.5
92
16,583

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
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Total

898.9

925.0

922.9

917.6

926.5

938.0

950.6

964.3

972.0

990.4

996.5 1,005.4 1,017.8

Major holders
Commercial banks
Finance companies
Credit unions
Savings institutions
Nonfinancial business5
Pools of securitized assets6

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
182.1

453.7
147.1
131.0
38.5
53.1
194.4

Major types of credit?
Automobile
Commercial banks
Finance companies
Pools of securitized assets6

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

347.5
150.8
70.8
36.5

349.8
149.9
68.2
42.1

Revolving
Commercial banks
Nonfinancial business5
Pools of securitized assets6

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

392.7
189.4
47.8
133.0

Other
Commercial banks
Finance companies
Nonfinancial business5
Pools of securitized assets6

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

273.3
114.0
77.9
5.2
19.0

275.3
114.4
78.9
5.3
19.4

Oct/

Nov.P

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.