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

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

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding increased $4.24 billion in
in November, following a $3.19 billion rise in October. Revolving credit
increased more rapidly in November than in October as did all "other"
borrowing. Auto loans outstanding grew more slowly in November and mobile
home credit continued to decline.
Net change in
amount outstanding
(millions of dollars)
1989
Nov P
Oct r
Sep

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

Sep

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

4,236

3,191

519

993

2,813
-424
1,329

1,076

7,

1,371
-779

-44

904
53

1,166

1,192

2.
17,
-22.
8.

5.4
4.1
6.6
-2.3
7.1

Aug

1988Nov

1989-

Nov

Oct

Sep

2,
-3,
5.
2.
7.

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

11.94
15.42
13.97
18.07

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

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

12.13
15.45
14.13
18.07

11.22
15.06
13.61
17.77

13.27
16.09

13.04
16.17

12.42
16.22

12.22
16.31

13.20
15.75

54.4
45.8

53.1
46.2

52.9
46.2

56.2
46.2

88
96

88
96

90
96

94
98

11,965
7,904

11,841
7,856

11,949
7,874

11,975
7,991

Other terms at
auto finance companies
Maturity (months)
New car loan
55.1
Used car loan
45.6
Loan-to-value ratio (percent)
New car loan
89
Used car loan
96
Amount financed (dollars)
New car loan
12,279
Used car loan
8,063




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

Oct r
1989
S.A.

711,799

707,562

704,371

703,001

700,344

332,300
141,440
90,035
57,967
42,554
3,772

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

43,731

40,675

36,974

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

289,266
128,635
84,707
42,891
17,415
15,619

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

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

199,191
119,335
10,826
37,639
3,772
5,372
22,247

Total

Sep
1989
S.A.

Aug
1989
S.A.

Jul
1989
S.A.

Nov
1988
S.A.

Nov p
1989
N.S.A.

Nov
1988
N.S.A.

654,413

716,544

659,193

323,621
145,488
89,852
60,092
41,798
3,936

316,683
143,488
85,740
61,922
42,910
3,671

333,305
143,804
91,178
58,141
42,680
3,705

317,589
146,039
86,823
62,091
43,042
3,609

37,270

35,557

n.a.

43,731

n.a.

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

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

288,526
124,881
90,213
42,624
17,972
12,835

279,926
122,392
96,657
41,316
19,561
n.a.

129,175
86,674
n.a.
n.a.
15,619

122,897
98,884
n.a.
n.a.
n.a.

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

191,028
115,967
11,176
36,963
3,936
5,192
17,795

173,030
116,593
9,923
38,170
3,671
4,673
n.a.

n.a.
119,860
n.a.
37,790
3,705
n.a.
22,247

n.a.
117,057
n.a.
38,326
3,609

22,523
8,942
4,783
8,797

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

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

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

23,630
8,830
5,624
9,176

26,005
9,224
7,197
9,584

n.a.
8,987
4,813
n.a.

n.a.
9,270
7,242
n.a.

200,818
75,389
51,950
41,772
20,929
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

197,161
73,944
49,650
42,036
21,769
4,835

175,452
68,474
39,633
39,752
22,854
4,739

n.a.
75,283
52,317
n.a.
n.a.
4,890

n.a.
68,365
39,913
n.a.
n.a.
4,716

5,865

5,411

5,288

5,296

4,927

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

5,865

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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