Full text of G.19 Consumer Credit : July 15, 1985
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FEDERAL RESERVE statistical release •f^TREV? For immediate r e l e a s e July 15, 1985 G.19 CONSUMER INSTALLMENT CREDIT Consumer installment credit outstanding rose by $9.0 b i l l i o n in May, seasonally adjusted, a b i t more than the $8.3 b i l l i o n April gain. The annual rate of growth in May was 22.4 percent, up from the 20.8 percent rate in April and the 21.8 percent f i r s t quarter pace. Automobile credit increased $3.8 b i l l i o n , on a s e a s o n a l l y adjusted b a s i s , i n May, up s l i g h t l y from the $3.5 b i l l i o n advance in April. Growth in revolving credit was $2.4 b i l l i o n in May, following a $2.1 b i l l i o n gain in April. The increase in the other two c r e d i t c a t e g o r i e s , combined, was s l i g h t l y larger in May than during the preceding month. Net Change i n Amount Outstanding Annual Rate of Growth (percent) 1985 1985 FLOWS OF CREDIT M i l l i o n s of d o l l a r s ( s e a s o n a l l y adjusted) May Apr. Mar. Total Automobile Revolving Mobile home Other 1/ 9,042 3,792 2,429 186 2,635 8,269 3,488 2,126 218 2,437 8,342 3,391 2,631 -11 2,331 May Apr. Mar. 22.4 24.5 28.0 9.0 18.5 20.8 23.0 25.0 10.6 17.4 21.4 22.8 31.8 -0.5 16.9 1984 1985 TERMS OF CREDIT (not seasonally adj usted) Interest rates 2 / Commercial banks 3 / 48-mo. new-car loan 24-mo. personal loan 120-mo. mobile home loan Credit card plan Auto finance companies 4/ New-car loan Used-car loan Other terms at auto finance companies Maturity (months) New-car loan Used-car loan Loan-to-value r a t i o (%) New-car loan Used-car loan Amount financed New-car loan Used-car loan May Apr. Mar. Feb. May 13.16 16.09 15.03 18.64 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 13.37 16.21 15.42 18.85 13.53 16.35 15.54 18.71 11.87 17.84 11.92 17.78 12.65 17.78 13.78 17.91 14.17 17.60 50.9 41.4 51.5 41.3 52.2 41.3 51.4 41.1 47.7 39.7 91 94 91 93 91 93 90 93 88 92 9,775 6,117 9,305 6,043 9,232 5,976 9,196 5,968 9,262 5,675 4/ ($) FEDERAL RESERVE statistical release ?riv i AUG For immediate release August 15, 1985 G.19 1 CONSUMER INSTALLMENT CREDIT .~i Consumer installment credit outstanding expanded by $6.8 billion in June, The annual rate of growth seasonally adjusted, down from the $9.0 billion May increase. in June was 16.5 percent, off from the 22.4 percent May pace. During the second quarter, outstanding installment credit expanded at a 20.2 percent annual rate, as compared with 21.8 percent in the first quarter and 20.0 percent for 1984 as a whole. L_ Automobile credit increased $3.8 billion, seasonally adjusted, in June, about the same as in May. The $2.7 billion June rise in "other" credit was slightly above the May gain. Revolving credit was virtually unchanged on a seasonally adjusted basis in June, and there was a small gain in mobile home loans outstanding. Net Change in Amount Outstanding FLOWS OF CREDIT Millions of dollars (seasonallly adjusted) Total Automobile Revolving Mobile home Other 1/ Annual Rate of Growth (percent) 1985 1985 June 6,786 3,832 69 199 2,686 May April June May 9,042 3,792 2,429 8,270 3,488 2,126 16, 5 24 . 3 0.8 9,5 18, 6 22, 4 24 .5 28 0 9, .0 18,,5 186 218 2,635 2,438 1985 TERMS OF CREDIT (not seasonally adjusted) Interest rates 2/ Commercial banks 3/ 48-mo. new-car loan 24-mo. personal loan 120-mo. mobile home loan Credit card plan Auto finance companies 4/ New-car loan Used-car loan Other terms at auto finance companies 4/ Maturity (months) New-car loan Used-car loan Loan-to-value ratio (%) New-car loan Used-car loan Amount financed ($) New-car loan Used-car loan June May April 20.8 23.0 25.0 10.6 17.4 1984 April March June n.a. n.a. n.a. n.a. 13.16 16.09 15.03 18.74 n.a. n.a. n.a. n.a. n • a. n .a. n • a. n • a. n.a. n.a. n.a. n.a. 12.06 17.77 11.87 17.84 11.92 17.78 12 .65 17 .78 14.33 17.64 51.3 41.3 50.9 41.4 51.5 41.3 52.2 41.3 48.2 39.8 91 94 91 94 91 93 91 93 88 92 9,965 6,116 9,775 6,117 9,305 6,043 9,232 5,976 9,311 5,774
