Full text of G.19 Consumer Credit : June 6, 1977

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;O?GOVA-.

FEDERAL

RESERVE

statistical

release

'.f*uS&^
G.19

FOR IMMEDIATE RELEASE
JUNE 6 , 1 9 7 7

CONSUMER INSTALMENT CREDIT -

APRIL

1977

CONSUMER INSTALMENT CREDIT OUTSTANDING INCREASED I N APRIL BY $ 2 . 6 6 B I L L I O N ,
SEASONALLY ADJUSTED, SOMEWHAT LESS THAN THE RECORD $ 2 . 7 2 B I L L I O N ADVANCE I N MARCH.
CREDIT NEWLY EXTENDED, AT $ 1 8 . 0 8 B I L L I O N SEASONALLY ADJUSTED, WAS ALSO SOMEWHAT BELOW
THE PREVIOUS MONTH'S RECORD LEVEL.
LIQUIDATIONS OF EXISTING DEBT EASED SLIGHTLY TO
$15.42 BILLION.
AUTO CREDIT CONTINUED TO EXPAND STRONGLY — BY A NEAR-RECORD AMOUNT OF
$ 1 . 1 7 B I L L I O N AFTER SEASONAL ADJUSTMENT.
EXTENSIONS AND LIQUIDATIONS BOTH DECLINED
FROM MARCH LEVELS.
THE NET EXPANSION IN THE LARGE "ALL OTHER* CATEGORY, WHICH
EMBRACES MOST PERSONAL CASH LOANS AND A WIDE VARIETY OF NONAUTOMOTIVE GOODS CREDIT,
EDGED UP TO A NEW HIGH OF $ 1 . 0 8 B I L L I O N .
AMONG OTHER CREDIT TYPES, BANK-CARD CREDIT SCORED ANOTHER LARGE ADVANCE I N
A P R I L , $ 2 4 6 MILLION SEASONALLY ADJUSTED, WITH BOTH EXTENSIONS AND LIQUIDATIONS
RISING.
HOME IMPROVEMENT CREDIT GREW MORE STRONGLY THAN I N MARCH, AND MOBILE HOME
CREDIT OUTSTANDING AT COMMERCIAL BANKS AND FINANCE COMPANIES TOGETHER MANAGED A SMALL
SEASONALLY ADJUS1ED GAIN FOR THE SECOND STRAIGHT MONTH AFTER NEARLY TWO YEARS OF
CONTRACTION ON BALANCE.
( I N MILLIONS OF DOLLARS)

INSTALMENT CREDIT, TOTAL
AMOUNT EXTENDED:
AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT LIQUIDATED

1 APR. 1977 | MAR. 1977 I APR. 1977 1 APR. 1976 I LATEST 12 MONTHS
1 (SEASONALLY ADJ.)
|
(NOT SEAS.ADJ.)
KNOT SEAS.AOJ.)
|

18,0771

1
!
11
1
1

5,4741
3181
4681
2,5091
4521
8,8361

1
1

15,4181

5,6301
3241
5011
2,284|
4341
8,8611

1
1
15,5361

1
1

1
1
1

2,7171

1,174!
21
1061
246|
491
1,0831

1
1
(2)

|

1
1
15,4651
1

i

1

2,5701

1,201»
19(
971
2931
381
1,069|

1,3*31
4|
1081
1731
151
9291
1
1

1

1
AMOUNT OUTSTANDING,
END OF MONTH

5,6541
3111
478|
2,434|
4561
8,9201

1
2,6601
1

AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER

f

1
1

1

18,0351

1

1
I

i

NET CHANGE IN AMOUNT
OUTSTANDING:

18,2531

(2)

1
1
1

1

1
182,2651

15,4531

1
4,874|
2591
440|
1,9171
3961
7,5671

194,839
58,251
3,182
5,219
26,534
5,066
96,588

1
1
13,8511

174,904

1
1
1,6021

19,935 (3)

9221
-591
60S
1221

71
550|

1
1
162,3341

(4)
(4)
(4)
(4)
14)
(4)
(2)

NOTE: CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT- AND INTERMEDIATE-TERM CREDIT
EXTENDED THROUGH REGULAR BUSINESS CHANNELS TO FINANCE THE PURCHASE OF GOODS
AND SERVICES FOR PERSONAL CONSUMPTION, OR TO REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID I N TWO OR MORE INSTALMENTS.
MORTGAGE CREDIT GENERALLY I S EXCLUDED.
DETAILS MAY NOT ADD TO TOTALS DUE TO
ROUNDING.

(1)
(2)
(3)

(4)

BANK CHECK CREDIT AND OTHER BANK REVOLVING CREDIT.
NOT APPLICABLE.
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
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
•CHANGE FROM END OF APRIL 1976 AMOUNT N.S.A.-




CONSUMER INSTALMENT CREDIT BY HOLDER AND TYPfc -

APR.

1977

( I N MILLIONS OF DOLLARS)

L I Q U I D A T E D

I

b X T E N D t D
INSTALMENT CRfcblT, BY
!
1

HOLDER AND TYPE

APR.
1977
S.A.

1
1
1

1
TOTAL

1

18,077

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
(2)
OTHERS
13)

1
1
1

1

1

1

5,654|

5**74

COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS
(3)

1
1

I

HOME IMPROVEMENT* TOTAL

i
1

!

I1
11
|!

APR.
1977
S.A.

MAR.
1977
5.A.

(
»
)

15*418

15,536!

APR.
1977
N.S.A.

APR.
1976
S.A.

18*035! I

15,465! 1 2660| |

13,576

182,265

19,9321

12.3

*
7,375
2*883 1
2.377 (
2*531
252

7,253!
3.186!
2.261!
2,579!
2571

6,414 I
2,587 1
1,994 !
2,367
214

7 , 2 4 4 1 1 12951 I
2*934! !
559| 1
2,488 11
5571 !
19l|!
2,531! 1
268 1 !
56| 1

87,461
40,3611
31,912 I
18,2051
4.306

6,500
3,6161
5,509
1*7571
550

10.8
9.6
20.9
10.7
14.6

5,630! }

4*300

4,453j

3,851

4,2881 !

1174! (

63.183

8*611!

15.8

2,677
1*475!
1*202
975
891
40

3,447! !
1,836! t
1.6111 1
1*1121 !
1*0321 !
391 1

2*557
1*378
1*178|
828
869 1

2,321 1
1,313

r,oo8

V

2.591J
1,432!
1.1591
9571
857!
49|

2,534| 1
1*374! 1
1*160) I
8491 !
856| 1
49| 1

686 3 !
357! !
329| I
2821 !
2031 1
2| !

37.145
20.468
16.678 1
13.347
12.1521
539 !

4*983
1*995
2*988
1.4441
2.1011
63

15.5
10.8
21.8
12.1
20.9
18.2

-339
-174

-4.0
-5.2

6,989
2*913
2,386 i
2,544
171

8,8091
3,4061
2*952!
2*6681
200|

4,583

!
1
»
I
1

!
1
!

1
1
!

260 1
58

254!
571

186
61

264{ !
60| 1

243
73

238!
53!

237
72

24l| !
80! »

171 !
-15|1

8.100
3,177

488

478 J

413

501| I

382

382(

374

394J !

1061!

8.923 1

835

10.3

2591

321! 1

236

2331

232

239| 1

66|(

5.425

448

9.0

2*264
403 1

2.141!
419!

1,846
359

2*112! 1
419| 1

246| I
49| I

10.877
3.045 !

1.535
270

16.4
9.7

7*753

7,8501

6,836

7 , 9 3 2 1 1 10831 I

84.959

9.195

12.1

1*674
1.229 1
1.976
1.524
1.467
2.531
105

1,632!
1.1791
2,171!
1,646!
1.363!
2,579(
105!

1,418
1*0121
1*756 1
1*429
1.218 1
2.367 1
77

1,7001 !
1.2411 !
1.99911
1,5141 1
1.5901 1
2,531! I
1121 1

22,888 1
16,003!
23.709 1
19.235 1
18*799 1
18.205 !
1.3581

301

1

15,003

3,3501
1*818|
1*5321
1*1511
1*1241
301

1
COMMERCIAL BANKS

APR.
1977
N.S.A.

NtT | ! 0 U T S T A N 0 1 N G
CHG |
A P R . I | END OF | CHANGE FROM END
OF APR. 1 9 7 6
19771 1
APR.
S.A.I !
1977
I AMOUNT |
PER
N.S.A. 1
CENT
CD I I N.S.A.

3,243 1
1
1,735
1,507 1
1,110 1
1,072 1
49

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES

1
I
1
1
8,7151
3,5591
2,978!
2,8171
1851

i
!

APR.
1976
S.A.

1

8*670 I
3**42 1
2*933 1
2*722 \
310 1

BY CREDIT TYPE
AUTOMOBILE* TOTAL

|
1
I

18,2531

1
1
!
1

bY HOLDER

MAR.
1977
S.A.

!1
I
!(
I 1
)1
1

i

751 !
740
39

2
3081

1

REVOLVING

1
2,434|
4561

2*509
452

BANK CREDIT CARO
BANK CHECK CREDIT
ALL OTHER. TOTAL

1

1

8*836 1

8,9201

1,985
394

2»284| |
434| !

7,382

8*8611 I

1
COMM. BANKS* TOTAL
PERSONAL LOANS
FINANCE C O S . * TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

(1)
C2>
(3)




!

!

1*905
1*389
2*268
1,775
1,8031
2*722 1
139|

1.9131
1.3791
2*3461
1.814|
1.7921
2*817!
521

1*489
1*081
1.8741
1,545
1.4461
2,544
291

2*058f
1*476|
2.2281
1*7011
1*865!
2*6681
42!

1
1
1
1
1
!
!

2311!
1601 !
291!I
2511 1
33611
191|)
34| !

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGEOfFS* AND OTHER C R E D I T S ) *
EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILERS* O I L AND GAS COMPANIES* AND TRAVEL AND ENTERTAINMENT COMPANIES
AMOUNTING TO $ 2 3 0 3 MILLION AT THE END OF APRIL.
THIS REPRESENTS A DECREASE OF $ 2 4 M I L L I O N FROM THE END OF
MARCH ON A SEASONALLY ADJUSTED BASIS AND AN INCREASE OF $45 MILLION ON AN UNADJUSTED B A S I S .
MUTUAL SAVINGS BANKS* SAVINGS AND LOAN ASSOCIATIONS* AND AUTO DEALERS.
NOTE:

S.A.

AND N . S . A .

DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA*

RESPECTIVELY.

1.604 1
1.260 !
2.359 1
1.707 1
3.242 1
1.757 !
233 1

7.5
8*5
11.0
9.7
20.8
10.7
20.7