Full text of G.19 Consumer Credit : January 8, 1993

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

^OfCOv,

FEDERAL RESERVE statistical release
This release is issued around the fifth business day of each month. The exact date aad-Unir, may be otoinffl hy.ialling (202) 452—3206

u

^ ^ \ K%-.
o*r-

^f^m^

For immediate release
January 8, 1993

G. 19

CONSUMER INSTALLMENT CREDIT
November 1992
Consumer installment credit outstanding increased $1.2 billion in November, following a $0.6 billion rise in
October. Auto credit grew at the fastest rate since October 1989. "Other" credit outstanding posted a moderate gain in
November while revolving credit was only marginally above the October level.
MONTHLY CHANGE IN CREDIT OUTSTANDING1
Seasonally adjusted
Amount
(millions of dollars)
Type of credit
1992
Sep.
Oct. r
564
1,440
Total
440
Automobile
-283
1,974
Revolving
468
-974
Other2
379

Nov. P
1,221
708
100
413

Sep.
2.4
2.1
9.5
-5.4

TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3
Percent except as noted, not seasonally adjusted
1991
Institution, terms, and type of loan
Nov.
Sep.
Oct.
Commercial banks
Interest rates
48-mo. new car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies
Interest rates
New car
Used car
Maturity (months)
New car
Used car
Loan-to-value ratio
New car
Used car
Amount financed (dollars)
New car
Used car
Notes appear on reverse.




Annual rate
(percent)
1992
Oct. r
0.9
-1.3
2.2
2.1

Nov.P
2.0
3.3
0.5
2.3

1992
Oct.

Nov.

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

10.61
14.88
13.37
18.19

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

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

8.60
13.55
12.36
17.38

12.23
15.46

10.79
15.06

8.65
13.44

9.51
13.37

9.65
13.37

55.4
47.0

54.1
47.0

53.3
47.7

54.1
47.9

54.1
47.8

88
97

88
96

90
97

89
97

89
97

12,684
9,077

13,245
9,029

13,889
8,402

13,885
9,373

14,043
9,475

CONSUMER INSTALLMENT CREDIT OUTSTANDING
(Millions of dollars)
1992

1991

Type of credit and holder

Nov

Dec

Jan

Feb

Mar

Apr

Jun

Jul

Aug

Sep

Oct r

NovP

722919
257339
247418
218162

721820
257743
247332
216744

720664
256944
248043
215677

722104
257384
250017
214703

722668
257101
250485
215082

723890
257809
250585
215496

May
Seasonally adjusted

Total
Automobile
Revolving
Other2

727960
262383
242573
223004

727799
263003
242785
222012

728618
263134
244288
221196

728395
261659
245974
220762

727404
262125
245259
220020

723821
260376
245905
217541

722928
259834
246220
216874

Not seasonally adjusted

Total
Major holders
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized assets4
Major types of credit5
Automobile
Commercial banks
Finance companies
Pools of securitized assets4
Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets4
Other
Commercial banks
Finance companies
Retailers
Pools of securitized assets4

729758

742058

733294

725882

721091

718676

718420

719845

718599

721985

724198

723058

725620

333272
123228
91,849
41,337
39,460
4,388
96,224

339565
121901
92,254
40,315
44,030
4,362
99,631

335320
119206
91,894
39,448
41,567
4,377
101482

330464
120280
91,469
38,479
40,015
4,151
101024

327697
118353
91,164
37,142
39,454
3,988
103293

326205
118364
91,339
36,499
39,553
4,094
102622

324791
116138
91,605
36,224
37,824
4,193
107645

324171
116690
92,340
35,782
37,438
4,360
109064

323899
117002
91,778
35,552
37,219
4,506
108643

323866
117175
92,270
35,378
38,791
4,542
109963

324046
116650
92,698
35,069
38,778
4,499
112458

324697
116304
92,686
34,164
39,299
4,452
111456

324833
116414
92,858
33,914
40,739
4,365
112497

263249
112968
64,840
25,864
243349
130509
34,928
4,388
59,459
223160
89,795
58,388
4,532
10,901

263108
111912
63,413
28,057
255895
137968
39,352
4,362
60,139
223055
89,685
58,488
4,678
11,435

261871
110707
62,204
29,460
249320
133839
36,953
4,377
60,087
222103
90,774
57,002
4,614
11,935

259723
110077
61,957
28,480
245088
130848
35,438
4,151
60,633
221071
89,539
58,323
4,577
11,911

259530
110047
60,655
29,942
242267
128550
34,892
3,988
60,953
219294
89,100
57,698
4,562
12,398

258449
109056
61,717
28,679
242708
128506
34,989
4,094
61,190
217519
88,643
56,647
4,564
12,753

258665
108610
59,399
31,406
243315
128013
33,245
4,193
63,801
216440
88,168

257442
106645
60,056
31,024
245092
127925
32,844
4,360
65,784
217311
89,601
56,634
4,594
12,256

258104
107722
60,400
30,454
244661
127476
32,617
4,506
65,791
215834
88,701
56,602
4,602
12,398

259128
107978
60,393
30,826
247051
126922
34,167
4,542
66,985
215806
88,966

260395
108355
59,806
31,971
248692
127234
34,148
4,499
68,252
215111
88,457
56,844
4,630
12,235

259312
108068
59,290
31,757
248556
127257
34,654
4,452
67,699
215190
89,372
57,014
4,645
12,000

258608
107697
58,286
32,222
251387
128140
36,057
4,365
68,215
215625
88,996
58,128
4,682
12,060

56,739
4,579
12,438

56,782
4,624
12,152

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. 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.
3. Interest rates are annual percentage rates as specified by the Federal Reserve's Regulation Z. Interest rates 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. 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.
4. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators.
5. Includes
estimates for holders that do not separately report consumer credit holding by type,

r = revised, p = preliminary.