Full text of G.19 Consumer Credit : July 9, 1980
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.••qtcow: 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.