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'of Govi

FEDERAL RESERVE statistical release
G.19

For immediate release
January 9, 1987

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding increased $4.0 billion in November,
down from the $7.2 billion gain in October. The annual rate of growth slowed in
November to 8.2 percent from the 14.8 percent pace in October. Revolving credit
outstanding rose more rapidly in November while automobile and "other" lending slowed;
there was little change in the rate of advance of mobile home borrowing.

Net change in
amount outstanding
(millions of dollars)

Annual rate of growth
(percent)

1986

1986

FLOWS OF CREDIT
(seasonally adjusted)

Nov.1

Oct.

Sept,

Nov.P

Oct? Sept.

Total
Automobile
Revolving
M o b i l e home
Other

4,018
844
1,588
35
1,551

7,208
4,268
502
37
2,401

7,724
7,466
97
-257
419

8.2
4.2
15.1
1.7
9.3

14.8
21.7
4.8
1.8
14.6

1986
TERMS OF CREDIT
(not seasonally adjusted)
I n t e r e s t r a t e s 1/
Commercial b a n k s 2 /
48-mo. new-car loan
24-mo. p e r s o n a l loan
1 2 0 - m o . m o b i l e home l o a n
Credit card plan
Auto f i n a n c e companies 3 /
New-car l o a n
Used-car loan
Other terms at
auto f i n a n c e companies 3 /
M a t u r i t y (months)
New-car l o a n
Used-car loan
Loan-to-value r a t i o (percent)
New-car l o a n
Used-car loan
Amount financed (dollars)
New-car loan
Used-car loan



16.1
39.2
0.9
-12.2
2.6

1985

Nov.

Oct.

Sept.

Aug.

Nov.

10.58
14.19
13.49
18.09

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

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

11.00
14.70
13.95
18.15

12.39
15.61
14.66
18.57

11.83
15.20

6.12
15.17

5.40
15.23

9.29
15.56

11.71
17.28

53.4
42.6

45.3
42.2

44.5
42.5

50.4
42.9

52.0
41.5

93
97

92
97

92
98

90
97

92
95

11,160
6,946

11,340
6,746

11,162
6,763

10,756
6,569

10,205
6,167

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 4 /
M i l l i o n s of d o l l a r s except as noted
Net change during month
Nov.p
1986

Oct.r
1986

o .A.

Outstanding at end of month

S .A.

Nov.p
1986
S.A.

4,018

7,208

3,464

"595,560

2,891
-644
1,287
454
75
-44

2,476
2,302
1,126
1,082
196
26

1,973
-808
1165
187
1,071
-124

258,696
146,218
83,787
62,867
40,716
3,277

258,078
147,887
84,400
63,005
40,930
3,248

238,220
119,632
74,679
54,445
39,267
4,145

19,858
28,255
9,721
8,560
1,663
-897

8.3
23.6
13.0
15.7
4.2
-21.6

Automobile
Commercial banks
Finance companies
Credit unions
Savings i n s t i t u t i o n s

844
914
-679
524
86

4,268
1,517
2,097
458
195

n.a.
380
-1,020
n.a.
n.a.

241,392
98,273
98,016
34,101
11,002

n.a.
98,409
99,346
n.a.
n.a.

n.a.
92,345
72,954
n.a.
n.a.

n.a.
6,064
26,392
n.a.
n.a.

n.a
6.6
36.2
n.a.
n.a.

Revolving 7/
Commercial banks
Savings i n s t i t u t i o n s
Retailers
Gasoline companies

1,588
1,436
139
56
-44

502
113
190
174
26

n.a.
1,528
n.a.
1,018
-124

128,102
81,709
7,198
35,918
3,277

n.a.
81,126
n.a.
36,146
3,248

n.a.
72,563
n.a.
34,725
4,145

n.a.
8,563
n.a.
1,421
-897

n.a.
11.8
n.a.
4.1
21.6

35
19
-13
28

37
5
-70
102

n.a.
-5
-71
n.a.

25,029
9,095
8,598
7,337

n.a.
9,139
8,711
n.a.

n.a.
9,633
9,141
n.a.

n.a.
-494
-430
n.a.

n.a.
-5.1
-4.7
n.a.

1,551
521
48
763
201
18

2,401
841
275
668
595
22

n.a.
70
283
n.a.
n.a.
53

201,036
69,618
39,604
49,686
37,331
4,798

n.a.
69,404
39,830
n.a.
n.a.
4,784

n.a.
63,679
37,537
n.a.
n.a.
4,542

n.a.
5,725
2,293
n.a.
n.a.
242

n.a.
9.0
6.1
n.a.
n.a.
5.3

Total

Nov.p
1986

Nov.
1985

N.S . A .

N.S . A .

597,548

530,388

Change from end of
Nov. 1985

Nov.p
1986
N.S «A.

Amount

Percent

67,160

12.7

Major holder
Commercial banks
Finance companies 5 /
Credit unions
Saving8 i n s t i t u t i o n s
Retailers
Gasoline companies
Major c r e d i t type 6/

Mobile home
Commercial banks
Finance companies
Savings i n s t i t u t i o n s
Other
Commercial banks
Finance companies
Credit unions
Savings i n s t i t u t i o n s
Retailers

1. Interest rates are annual percentage rates as specified by Regulation Z.
2. Commercial bank data are simple unweighted averages of each batik's "most commmon" rate
charged during the first calendar week of the month.
3. 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.
4. 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.
5. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
6. 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.
7. Excludes 30-day charge* credit held by travel and entertainment companies.
n.a.~ Data not available.
S.A.
r = revised.
p - preliminary.

Seasonally adjusted*

I.S.A.* Not seasonally adjusted.

The G.19 Statistical Release is issued about the fifth working day of each month.
date and time may be obtained by calling (202) 452-3206.




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