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FEDERAL RESERVE statistical release
6.19

(421)

FOR IMMEDIATE RELEASE
JOLT 9 , 1980

CONSUMER INSTALLMENT CREDIT -

HAT 1 9 8 0

CONSUMER INSTALLMENT CREDIT OUTSTANDING CONTRACTED IN RAT BY A RECORD
$ 3 . 4 3 BILLION, AFTER SEASONAL ADJUSTMENT, EQUIVALENT TO A 13 PERCENT ANNUAL RATE OF
DECLINE. INSTALLMENT CREDIT OUTSTANDING RAD FALLEN BT $ 1 . 9 9 BILLION IN APRIL, DROPPING
FOR THE FIRST TIHE SINCE HAT, 1 9 7 5 .
EXTENSIONS OF INSTALLMENT CREDIT NSRB LONER IN ALL MAJOR CATEGORIES DURING
RAT.
IN TOTAL, EXTENSIONS NSRB $ 2 1 . 2 4 BILLION, SEASONALLY ADJUSTED, ABOUT 6 PERCENT
BELON THE REDUCED APRIL VOLUME- LIQUIDATIONS INCREASED SLIGHTLT, TO $ 2 4 . 6 7 BILLION
FROH $ 2 4 . 5 3 BILLION IN APRIL.

(IN BILLIONS OF DOLLARS)
INSTALLHENT CREDIT

! HAT ' 1980 | APR. 1980 | MAT 1980 | RAT 1979 |LATEST 12 HONTHS
| (NOT SEAS. ADJ.)
(NOT SEAS. AD J . )
1
(SEASONALLT ADJ.)
J

AMOUNT EXTENDED:

|
1
1
|
1
1

21,2391
1
5,192|
10,089|
324|
5,634|

22,5481

I
1

29,762|

5,725|
10,293!
436|
6,094|

22,147|
1
5,771|
10,068|
350|
5,958|

1
1

I
I

1
1

!

|

24,673|

1
i

1
I

1

-3,434|

24,5331
- I
I
-1,9851

AUTOHOBILE
REVOLVING (1)
HOBILE HOHE
OTHER

!
|
1
1

-1,3431
-488|
-33|
-1,570|

AMOUNT OUTSTANDING,
END OF MONTH

1
1
1

i
1
I

312,165

AUTOHOBILE
REVOLVING (1)
HOBILE HOHE
OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:

(2)

24,516|
1
J
-2,3691
i

-645|
-388|
36|
-988|
1
1
(2)
|

-696|
-392|
-26|
-1,255|
1

!

303,7591

•

9,217|
10,003|
721|
9,821!
!
25,022|
I
I
4,740!

85,505
124,739
6,156
95,765
295,717
16,448

i

2,025|
708|
255J
1,752!
1
1
287,315!

(4)
(4)
(4)
(4)
(2)

NOTE: THE BOARD'S SERIES COVERS MOST SHORT- AND INTERMEDIATE-TERM CREDIT EXTENDED
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
(D CREDIT CREDIT AT COMMERCIAL BANKS. COMPANIES AND COMMERCIAL BANKS, AND
CHECK
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 TC DIFFERENT
AGGREGATION METHODS.
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
(4)
"CHANGE FROM END OF MAY 1979 AMOUNT N.S.A."




(3)




CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE -

MAY

1980

( I N MILLIONS OF DOLLARS)

E X T E N D E D

L I

Q U I

D A T E D

INSTALLMENT CREDIT BY
|
|
I
I

HOLDER AND TYPE

TOTAL

|
1
1
1
1
1
1
1
I
1
1

BY MAJOR HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS (2)
SAVINGS AND LOANS
GASOLINE COMPANIES
MUTUAL SAVINGS BANKS

i

MAY
1980
S.A.

21,2391
1
1
1
1
8,8121
4,304|
1,615|
3,8801
536|
2,0111
811

1

AUTOMOBILE

APE.
1980
S.A.

1
|
|

22,5481

9,3381
4,841|
1,8651
3,8701
555|
1,978|
101|

5,7251

2,354|
1,353|
1,0011
8381
2,000|
1

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNIONS

10,293|

3241
1
166|
52|
1031
31

COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES

2,398|
1,4331
965|
962|
2,3651

10,0891
1
4,745|
*,333|
2,011|
I

REVOLVING

1
MAY
I
1980
I N.S.A.
I

27,901|
1
1
1
1
13,4001
5,186|
3,124|
3,721|
7231
1,6131
1341

436|

1
1
1
8,260(
1
4,680|
2,6841
1,996|
1,5661
2,0141
I

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
SAVINGS AND LOANS
MUTUAL SAVINGS BANKS
(1)
(2)

j
I
j
|

1
1,547J
2,2521
774|
5471
4331
81|

APR.
1980
S.A.

|
|
|

22,1471 |

24,6731

9,014|
4,701|
1,7741
4,014|
520|
2,0371
871

11,3071
4,199|
2,592|
3,9381
461|
2,053j
1231

5,771|

6,5351

1
1
1
6,370|

1
1
1
7,035|

11
1
1
1
1
6,467| -1343!

2,543|
1,4591
1,084|
9191
2,309|

3,6001
1,9791
1,621|
1,3201
1,6151

3,733|
2,1311
1,602|
1,335|
1,302|

4,047|
2,2951
1,752|
1,506|
1,482|

3,593!
1,993|
1,6001
1,313!
1,561|

10,068|

10,5771

4,561|
3,470|
2,0371

5,053|
3,4711
2,053|

1

1
|
1

MAY
1979
S.A.

|
|
|
I
124,533|
1
1
1
1
11,575|
3,857|
2,6081
3,935|
472|
1,9641
1221

1
1
|

HAY
1980
S.A.

«

124,595|
1
1
1
1
11,735|
4,293|
3,000|
3,438|
443|
1,5171
169|

i

i

i i

i

-12461 1
-626!
-620J
-482!
3851

9,290|
1
4,736!
3,037!
1,517|

1
4001
1
250|
431
951
12|

434(
1
2861
45|
88!
15|

6,094)

8,9341

5,95811

7,204|

7,0821

7,836|

1,7911
2 , 3 921
8991
484|
427|
101|

3,1551
3,114|
1,541|
4491
54 1J
1341

1,7171|
2,338||
852H
544||
42011
87|j

2,4341
2,5371
1,262|
467|
3811
123|

2,403J
2,512|
1,261|
407J
377|
122|

2,666|
2,7661
1,479!
401J
355!
169!

2 , 4 2 7 | | -8871
2,5361! -285U
1,2731! -488J1
801|
4591 1
3921!
521!
126! |
-42i»

220|
841
128|
4)

6681
1
411|
58|
182|
171

5,107|

4.7

61,9281 - 1 , 9 6 3 !
35,791|
-1261
26,137| -1,8371
21r474|
-920|
30,9161
7,9901

-3.1
-.4
-6.6
-4.1
34.9

51,823!

5,334 J

11.5

27,4561
19,786|
4,581|

2,402|
1,888 1
1,044|

9.6
10.5
29.5

17,6421

1,1991

7.2

114,318|

i

10,681|
1
5,189|
3,528|
1,964|

10,460!
-4881
I
1
-308M
4,994|
3,509!
-138H
1,95711
-421
11
1
3761
-33!
11
1
-54J
231| ]
48! 1
5!
86(1
23M
-71
111 1
i |
11
7 , 2 1 3 | -1570JI

4,9291
3,386»
1,9781

10,0391
1
5,1541
3,2721
1,613|
1

i

5,6341

OTHER

1 1
| I
1 I

i

1

1
1
5,1921
•

COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE COMPANIES

MAY
1979
S.A.

i

i

BY MAJOR CREDIT TYPE

|
I
|
I

I I NET I | 0 U T S T A N D I N G
l CHG |
MAY
| I NiY | | END OF ! CHANGE FROM END
1980
| I 1980| 1
«AY
1 OF MAY
1979
1980
J AMOUNT!
N.S.A. ! 1 S.A. | I
P3P| N.S.A. | N.S.A.|
CSNT
I 1 (D 1
11
1
2 4 , 5 1 6 1 I-3434J | 3 0 3 , 7 5 9 | 16,44"j
5.7
11
1
11
1
1
11
!
11
.8
1,0721
11,2451 | - 2 4 9 5 | | 143,1741
4,145! 1
72,1011 12,466|
105| 1
20.9
44,907| -1,925|
-4.1
2,5971 | - 9 7 7 ! 1
-581 1
2,3711
10.1
3,968!
25,792|
1,864|
20.6
10,9301
478| 1
75!
1,044|
4,581!
29.5
1,957|
-42!
2,2741
126(
-42|
-448| -16.*

3501 !

3571

1931!
5411
100||
31

2201
47|
801
10|

i

9,927!
3,5291
3,709|
477|

225|
352|
633|
-21|

2.3
11. 1
20.6
-4.2

119,976|

4,814|

4.2

43,8631
37,6561
22,9561
6,0061
7,2211
2,274|

408|
4,124!
-984|
483|
1,2311
- 4 4 8)

.9
12.3
-4. 1
8.7
20.6
-16.5

NET CHANGES FOP ALL MONTHS EQUAL EXTENSIONS MINOS LIQUIDATIONS (REPAYMENTS, CHARGECFFS, AND OTHER C R E D I T S ) .
INCLUDES AUTO DEALERS AND EXCLUDES 3 0 - D A Y CHARGE CREDIT HELD BY RETAILERS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.

NOTE:

S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.