Full text of G.19 Consumer Credit : July 9, 1990

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For immediate release
July 9, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding grew $3.91 billion in May, following
a $390 million rise in April. The increase in May was concentrated in revolving
credit; mobile home and "other" loans outstanding also rose. Auto credit was
virtually unchanged from April.
Net change in
amount outstanding
(millions of dollars)
1990
May p
Apr r
Mar

Annual rate of growth
(percent)
1990
May p
Apr r
Mar

CHANGE IN CREDIT, BY TYPE 1/
(seasonally adjusted)
Total
Automobile
Revolving
Mobile home
Other

3,910
-87
3,138
325
533

390
-1,996
1,7 02
-6
689

2,576
1,303
2,336
74
-1,137

May

6.5
-0.4
18.5
17.2
3.1

0.6
-8.2
10.1
-0.3
4.0

1990Mar

Apr

4.3
5.4
14.0
3.9
-6.6

1989May

Feb

TERMS OF CREDIT 2/
(not seasonally adjusted)
Interest rates
Commercial banks
48-mo. new car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies
New car loan
Used car loan
Other terms at
auto finance companies
Maturity (months)
New car loan
Used car loan
Loan-to-value ratio (percent)
New car loan
Used car loan
Amount financed (dollars)
New car loan
Used car loan




11.82
15.41
14.09
18.14

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

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

11.80
15.27
13.91
18.12

12.44
15.65
14.35
18.11

12.23
16.03

12.21
16.02

12.31
15.97

12.67
15.91

11.80
16.45

54.5
46.1

54.2
46.5

54.3
46.4

54.7
46.4

52.7
46.6

87
96

87
96

88
95

88
96

91
97

12,064
8,169

12,089
8,105

12,216
8,132

12,053
8,065

11,973
7,908

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
May p
1990

Apr r
1990

Mar r
1990

Feb
1990

Jan
1990

May
1989

Apr
1989

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

724,745

720,835

720,445

717,869

717,829

695,627

691,432

288,849
207,104
23,027
205,765

288,936
203,965
22,702
205,232

290,932
202,263
22,708
204,543

289,629
199,927
22,633
205,680

290,904
199,146
22,604
205,175

290,954
182,847
23,505
198,320

290,013
181,098
23,407
196,914

—»

not seasonally adjusted

720,304

715,801

713,138

717,062

721,026

691,223

686,250

339,631
138,384
89,869
53,301
37,347
4,024
57,748

337,576
138,174
89,689
53,606
37,207
3,928
55,621

334,645
137,857
89,556
54,095
37,302
3,792
55,891

339,418
139,115
90,127
54,771
37,904
3,803
51,924

342,266
140,740
90,452
55,425
39,959
4,013
48,171

323,055
142,207
89,235
61,471
38,269
3,768
33,218

320,593
140,650
88,787
61,462
38,090
3,597
33,071

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

287,058
126,997
78,927
20,151

286,220
126,483
79,295
19,406

286,539
126,289
79,523
19,563

288,036
127,149
80,227
18,931

288,984
127,075
81,918
17,827

289,034
123,447
88,204
13,397

287,055
122,304
86,962
14,124

Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets 3/

204,805
125,386
32,857
4,024
30,913

201,783
124,039
32,721
3,928
29,403

199,937
122,024
32,794
3,792
29,542

200,147
124,821
33,378
3,803
26,204

203,288
128,384
35,359
4,013
23,450

180,744
115,018
33,868
3,768
14,623

179,124
114,262
33,697
3,597
14,169

22,820
9,505
5,224

22,484
9,231
5,168

22,426
9,142
5,178

22,726
9,162
5,410

22,717
9,109
5,411

23,303
8,974
5,638

23,196
8,909
5,638

205,621
77,743
54,233
4,490

205,314
77,823
53,711
4,486

204,236
77,190
53,156
4,508

206,153
78,286
53,478
4,526

206,037
77,698
53,411
4,600

198,142
75,616
48,365
4,401

196,875
75,118
48,050
4,393

6,684

6,812

6,786

6,789

6,894

5,198

4,778

Total
Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized assets 3/
Major credit type 4/

Mobile homes
Commercial banks
Finance companies
Other
Commercial banks
Finance companies
Retailers
Pools of securitized assets
(incl. mobile homes) 3/

1. 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, excluding loans secured by real estate.
2. Interest rates are annual percentage rates as specified by Regulation Z. Commercial
bank data are simple unweighted averages of each banks "most common" rate charged during
the first calendar week of the month. 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.
3. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator.
4. Type-of-credit totals include estimates for certain holders for which only consumer
credit totals are available.
r = revised.

p = preliminary.

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




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