Full text of G.19 Consumer Credit : January 8, 1991

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FEDERAL RESERVE statistical release

For immediate release
January 8, 1991
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding grew $1.72 billion in November,
following a $1.37 billion increase in October. Revolving credit continued
to expand in November, but at a slower pace than in October. "Other" loans
outstanding rose more rapidly in November than in October; loans on
mobile homes showed a small increase. Auto loans, as they have for much of
the past year, declined in November.
Net change in
amount outstanding
(millions of dollars)
1990
Nov p
Oct r
Sep

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

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

2,837

25

1,372
-859
1,577
-182

1,074

836

849

1,721
-413
1,034

2.8
1.7
5.7
1.3
6.1

-21
2,312
-303

2.2

4.6

-3.6
-9.6

-0.1
12.9
-15.8

4.8

4.9

8.7

Aug

1989Nov

1990

Nov

Oct

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

11.62
15.69
13.99
18.23

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

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

11.89
15.46
14.09
18.18

11.94
15.42
13.97
18.07

12.74
16.07

12.57
16.12

12.34
16.03

12.62
15.98

13.27
16.09

54.6
45.1

54.3
46.1

54.8
46.2

55.1
45.6

85
95

85
95

86
96

89
96

11,917
8,423

11,837
8,403

11,939
8,415

12,279
8,063

Other terms at
auto finance companies
Maturity (months)
New car loan
54.6
Used car loan
46.0
Loan-to-value ratio (percent)
New car loan
85
Used car loan
95
Amount financed (dollars)
11,986
New car loan
Used car loan
8,494




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

Oct r
1990

Sep
1990

Aug
1990

Jul

Nov

Oct

1990

1989

1989

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

738,316

736,595

735,222

732,385

729,329

713,903

710,133

283,989
219,416
22,516
212,395

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

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

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

286,791
212,138
22,795
207,605

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

290,210
191,734
22,621
205,568

,-iQ-fc seasonally adjusted
Total

739,303

737,252

737,260

734,511

727,196

715,145

711,295

345,132
139,195
91,108
50,310
37,470
4,701
71,387

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

344,941
140,890
91,311
51,358
36,682
4,723
67,355

342,987
139,496
91,306
52,399
37,231
4,722
66,370

339,124
138,796
90,631
52,503
36,804
4,396
64,942

337,285
142,802
90,965
58,236
37,906
3,853
44,098

335,657
143,293
91,291
58,720
37,045
3,947
41,342

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

285,381
126,561
75,224
23,175

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

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

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

287,479
126,986
77,716
21,692

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

293,664
128,213
86,655
15,024

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

219,372
128,770
32,993
4,701
41,800

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

209,592
124,569
32,325
4,396
36,786

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

189,913
120,484
32,618
3,947
20,371

22,644
9,349
5,364

22,720
9,363
5,400

22,815
9,396
5,423

23,033
9,541
5,358

22,873
9,443
5,328

22,319
9,144
4,682

22,849
9,130
5,205

211,906
80,452
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

207,252
78,126
55,752
4,479

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

204,869
77,830
51,433
4,427

6,412

6,506

6,510

6,614

6,464

6,536

5,947

Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
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 common11 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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