Full text of G.19 Consumer Credit : July 8, 1982

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FEDERAL RESERVE statistical release
FOR IMMEDIATE RELEASE
July 8, 1982

G.19 (421)

CONSUMER INSTALLMENT CREDIT - MAY 1982
Consumer installment credit outstanding increased by $1.40 billion in May*
after seasonal adjustment, compared with a $1.18 billion gain in April. It was the
largest increase since the $2.9 billion advance last September, The annual rate
of growth during May was 5 percent, following a 4-1/4 percent advance in April and a
1-3/4 percent rise during the first quarter.
Automobile credit outstanding increased by a seasonally adjusted $959 million
in May. It was the largest advance for that component since October 1981. Revolving
credit also grew more rapidly in May, posting a $537 million gain. However, the large
"other" category, covering such credit instruments as personal cash loans and sales
finance contracts, declined in May for the first drop in that category this year.
Extensions in May rose to $29.20 billion seasonally adjusted, from
$28.68 billioji in April. Liquidations also increased, totaling $27.80 billion in May,
up from $27.51 billion a month earlier.

(Millions of dollars)
Installment credit
Amount extended:
Automobile
Revolving (1)
Mobile Home
Other
Amount liquidated:
Net change in amount
outstanding:
Automobile
Revolving (1)
Mobile Home
Other
Amount outstanding,
end of month

May 1982 | Apr. 1982 I May 1982 I May 1981 1 Latest 12 months
|(Not seas adj.)
(Seasonally adj.)
1
(Not seas adj.)
29,197|
I
8,429|
12,5281
478|
7,7621
I
I
27,7981
I
I
1,3991
1
9591
5371
701
-1671
1
1
(2)
1

28,6841
1
7,8711
12,4161
544J
7,853|
27,5091
I
1
1,1751
1
233J
4991
511
3921
I
I
(2)
1

28,389|
I
8,5131
11,8111
4791
7,5861
I
I
27,413J
9761
I
1,0191
61
77J
-1261
1
1
329,3381

28,036|
333,358
I
93,767
7,7271
141,613
11,193J
5,680
5961
92,298
8,5201
I
I
319,709
26,0261
i
13,649
I
2,0101
1
w
5071
1041
<<*)
2331
1,1661
1
(2)
!
315,6791
credit
extended

NOTE: The Board*s series covers most short-and intermediate-term
to individuals through regular business channels, usually to finance the
purchase of consumer goods and services or to refinance debts incurred for
such purposes, and scheduled to be repaid (or with the option of repayment)
in two or more installments. Details may not add to totals due to rounding.
cards at retailers, gasoline companies and commercial banks, and
(D Credit
check credit at commercial banks.
Not applicable or not available.
(2)
A value for the unadjusted net change in outstandings appears also on the next
(3)
to last column on the next page, but may vary slightly, due to different
aggregation methods.
For values see the next to last column on the next page under the heading
W
"change from end of May 1981 amount n.s.a."




(3)

CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE

May

1982

(Millions of dollars)

E x t e n d e d

L i q u i d a t e d

Installment credit by
holder and type

Total

Hay
|
1982 |
s. a. |

Apr. |
1982 1
s.a. |

May
1981
s.a.

29,1971

28,684,

28,377|

28#389|j

12,7651
6,1351
2,9021
4,4491
841j
1,880|
225J

12,790
5,3431
3,010
4,618
823|
1,915
185

12,283|
4,937|
3,212|
4,486|
1,068|
2,2431
148|

8,4291

7,871

1
I May
| 1982 |
| n.s.a. 11

May
1982
s.a.

|
|
|

1
1
| May
J1
| 1982 | 1
| n.s.a. | I
1

Net 1 1 0 u t s t a n d i n g
chg |
Hay 1 1 End of Change from end
19821 1 Hay
of May 1981
amount
s.a.1 1 1982
percent
(1) I I n.s.a. , n.s.a.

Apr. j
1982
s.a.

May
1981
s.a.

27,798|

27,509

26,8061

27,4131 | 1399|I 329,338

13,659

4.3

12,056H
6,2121
2,88811
4,4461
719J|
1,876|
1921

12,7781
5,009|
2,941|
4,381|
620|
1,9001
169|

12,694|
4,799|
2,878|
4,437
618|
1,921
162

12,0721
4,528|
2,821J
4,489|
549|
2,1761
171J

12,525| 1 -131 I 146,147, 2,306
4,9281 1 11261 1 91,958 10,164
2,86b| 1 -391 I 45,472]
417
4,447| 1
249
68| I 26,536
598J 1 2211 | 12,202| 1,054
1,885| 1 -20| 1
4,218
-487
1641 1
2,805,
-44
561 1

1.6
12.4
.9
.9
9.5
-10.4
-1.5

7,3841

8,5131

7,470|

7,638

7,4981

7,494| 1

3,622
2,0061
1,616
1,517
2,331

3,658
2,077
1,581
1,488 1
2,492

3,8181
2,101|
1,7171
1,448|
2,232|

3,598| 1 -305| I
1,993| 1 -52J I
1,605| J "2531 1
1,482| 1 -34| 1
2,4141 1 12981 1

58,099
34,791
23,308
21,744
47,377

By major holder
Commercial banks
Finance companies
Credit unions
retailers (2)
"Savings and loans
Gasoline companies
Mutual savings banks
By major credit type
Automobile
Commercial banks
Indirect paper
Direct loans
Credit unions
Finance companies

3,317|
1,954|
1,3631
1,483|
3,6291

3,499
2,079
1,420
1,542
2,830

3,691|
2,0721
1,619|
1,6081
2,0851

3,2391
1,864|
1,3751
1,4931
3,781|

12,528|

12,416 I

11,876|

11,8111

I
|
1

6,604|
4 # 044|
1,8801

6,309 i
4,192 |
1,915 I

5,5851
4,0481
2,2431

5,915|
4,020| I
1,8761

6,168
3,923
1,900

|

4781

544 I

620|

4791 I

408

493

!
1
1
I

201|
1141
1511
12|

253 1
122 1
151 |
18 1

261|
1121
2301
17|

2311
121| |
1151
12|

242
70
84
12

301
69
108
15 !

1

Revolving
Commercial banks
Retailers
Gasoline companies
Mobile home
Commercial banks
Finance companies
Savings and loans
Credit unions
Other
Commercial banks
Finance companies
Credit unions
Retailers
Savings and loans
Mutual savings banks
(1)
(2)

1

7,7621

7,853

8,4971

7,5861

1
1
1
|
|
1

2,643|
2,3921
1,4071
4051
690|
2251

2,729 1
2,391 1
1,450 1
426 |
672 |
185 1

2,746|
2,7401
1,5871
4381
838|
14 8|

2,6711
2,3101
1,3831
4261
604|
192|

11,991

I
|
1
I
I

11,917
6,024
3,972 1
1,921

9591 1 127,220

7,638,

-1,720
-2.9
502 |
1.5
-2,222 | -8.7
199 I
-9
9,159 | 24.0
2,827




5.1

11,520|

11,805| 1

5371 1

58,647

5,349|
3,995|
2,1761

5,9341 |
3,986| 1
1,8851 1

436|1
121| |
-201 1

9.5
2,748 |
31,619
22,810
566 I
2.5
4,218 I
-487 | -10.4

372|

4021 1

70 1I

2491
341
78|
111

2451 1
63| |
82| 1
12| 1

-411 I
441 I
671 |
01 I

18,479
9,960 |
4,666 I
3,369|
484

903 I

5.1

-1.5
-149
757 | 19.4
9.4
291 I
4I
-9

7,929

7,461

7,416|

7,712| 1 -167| | 124,992

2,291 I

1-9

2,746
2,608
1,412
458
536 I
169

2,711
2,238 I
1,375 1
465 |
510 1
162 1

2,656|
2,2621
1,362|
494|
471|
171J

2,748| 1 -1031 I
2,451| 1 -216| I
1,372| 1
-5| I
4611 1 -531 1
5161 1 1541 1
1641 J
56| I

1,427 1
2481
213 1
-317|
764 1
-44|

3.2
.6
-9
-7.6
9.5
-1.5

46,469 I
39,915 |
23,244 I
3,726 |
8,833 I
2,805 |

Net changes for all months egual extensions minus liguidations (repayments, chargeoffs, and other c r e d i t s ) .
Includes auto dealers and excludes 30-day charge credit held by retailers and by travel and entertainment companies.
NOTE:

6.4

s.a. and n.s.a. denote seasonally adjusted and not seasonally adjusted data, respectively.
Details may not add to totals due to rounding.