Full text of G.19 Consumer Credit : June 6, 1978
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FEDERAL RESERVE statistical release •?f*AL R E ^ - ' G.19 FOR IMMEDIATE RELEASE JUNE 6 V 1978 CONSUMER INSTALMENT CREDIT - APRIL 1978 CONSUMER INSTALMENT CREDIT EXPANDED BY $3.72 BILLION IN APRIL, SEASONALLY ADJUSTEDt COMPARED WITH THE RECORD $4.07 BILLION ADVANCE IN MARCH. THE APRIL ADVANCE WAS THE SECOND HlbHEST ON RECORD AND WAS FAR ABOVE THE $2.56 BILLION AVERAGE MONTHLY EXPANSION DURING 1977. BOTH NEW EXTENSIONS OF INSTALMENT CREDIT AND LIQUIDATIONS OF EXISTING INDEBTEDNESS ADVANCED SHARPLY TO NEW HIGHS. EXTENSIONS WERE $22.12 BILLION, AFTER SEASONAL ADJUSTMENT* WHILE LIQUIDATIONS REACHED $18.40 BILLION, RESULTING IN THE $3.72 BILLION NET CHANGE. AUTOMOBILE CREDIT, REFLECTING CONTINUING STRONG NEW-CAR SALES IN APRIL, ACCOUNTED FOR A LARGER THAN USUAL PROPORTION OF TOTAL EXTENSIONS. CREDIT EXTENSIONS ROSE MARGINALLY IN MOST OTHER CATEGORIES, AND THE NET GROWTH IN OUTSTANDINGS WAS LOWER IN APRIL FOR EACH NON-AUTO CREDIT CATEGORY. (IN MILLIONS OF DOLLARS) INSTALMENT CREDIT, TOTAL | APR. 1978 | MAR. 1978 | APR. 1978 I APR. 1977 |LATEST 12 MONTHS KNOT SEAS.ADJ.) | 1 (SEASONALLY ADJ.) (NOT SEAS. ADJ.) AMOUNT EXTENDED: 1 22,1171 1 1 1 1 1 1 1 7,2481 5081 7531 3,2551 6461 9,707| 1 1 1 1 1 18,3981 AUTOMOBILE MOBILE HOME HOME IMPROVEMENT BANK CREDIT CARD OTHER REVOLVING (1) ALL OTHER AMOUNT LIQUIDATED 1 1 NET CHANGE IN AMOUNT OUTSTANDING: AUTOMOBILE MOBILE HOME HOME IMPROVEMENT BANK CREDIT CARD OTHER REVOLVING (1) ALL OTHER 1 1 1 1 1 3,7191 1 1,7281 951 2121 3111 56| 1,317| 1 AMOUNT OUTSTANDING, END OF MONTH 1 1 21,595| 1 6,8221 5021 7701 3,231| 6081 9,662| 1 1 17,5271 1 4,06811 j 1,5221 1081 2171 4481 120| 1,653| 1 1 1 1 (2) 1| (2) | 21,3391 1 7,1751 5061 7611 2,8971 5891 9,4ll| 1 1 17,8031 1 1 3,5361 1 1,8221 951 2111 2041 14| 1,190| 1 1 222,7371 18,7331 1 6,3041 4931 6901 2,3611 446| 8,439| 236,112 75,842 5,400 8,409 34,556 6,317 105,589 1 1 15,7901 203,088 1 1 2,9431 1 1,448| 76| 1921 1951 201 1,013| 33,024 (3) (4) (4) (4) (4) (4) (4) 1 1 189,7201 (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 OE&TS-INCURRED EOR SUCH PURPOSES, AND SCHEDULED TO BE REPAID IN TWO OR MORE INSTALMENTS. MORTGAGE CREDIT GENERALLY IS EXCLUDED. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. (1) BANK CHECK CREDIT AND OTHER BANK REVOLVING CREDIT. (2) NOT APPLICABLE. (3) A VALUE FOR THE UNAOJUSTED 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. (4) FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING •CHANGE FROM ENO OF APRIL 1977 AttOUNT *.S.A.» CONSUMER INSTALMENT CREDIT BY HOLDER AND TYPE APR. 1978 (IN MILLIONS OF DOLLARS) L I Q U I D A T E D 1 E X 1 fc N D E D INSTALMENT CRfcDIY, BY I I 1 HOLDER AND TYPE TOTAL APR. 1978 S.A. | I | 1 1 1 I 22,1171 1 1 I 1 1 1 1 1 11,1201 4,226| 3,2671 2,955| 549| MAR • 1978 S.A. | I I APR. 1977 S.A. 1 APR. 1978 1 1 N.S.A. | |1 I APR. 1978 S.A. MAR. 1978 S.A. | I 1 APR. 1977 S.A. APR. 1978 N.S.A. |1 I |j |I I1 1 21,5951 18,7841 21,3391 ! 18,398 17,5271 15,886 10,608| 3V914| 3,309| 3,1481 6l6| 9,182| 3,444| 2,861| 2,721| 5761 10,8611 4,0841 3,0841 2,780| 1 5301 9,119 3,445 2,568 2,826 440 8,5871 3,2521 2,4731 2,7811 4341 7,720 3,053 2,227 2,497 389 8,6891 3,3881 2,519| 2,7591 4481 7,248| 6,8221 6,1061 7,175| ! 5,520 5,3001 4,901 5,3531 i i 4,212| 2,3471 1,8651 lt314| 1,654| 68| 1 3,924| 2,173| lt751| ltl73| lt679| 46| 3,532| 1,888| 1,644| 1,073| lt431| 70| 4,2971 2,3921 1,9051 lt267| I lt562| 49| 3,223 1,744 1,479 939 1,311 47 3,042| 1,6091 1,433| 9351 1,273| 50| 2,786 1,506 1,279 939 1,134 43 3,1021 1»672| 1,430| 9231 1,278| 50| 5081 1 5021 479! 5061 413 394| 279| 851 1 2841 74| 2851 SB J 279| 87| 251 74 753| 7701 6681 7611 3521 3171 387| 3,2311 6081 2,576| 475| 9,6621 2,209| 1,537| 2,659| 2,1051 1,429| 3,1481 217| NET | 1 0 U T S T A N D I N G CHG | A P R . I I END OF CHANGE FROM END APR. OF APR. 1977 19781 1 S.A.I 1 1978 PER AMOUNT N .S.A.| CENT (1) I 1 N.S.A. 17,8031 1 3719) 1 222,737 33,017 17.4 109,336 45,182 38,750 19,941 9,528 16,959 5,6211 6,838 2,207 1,392 18.4 14.2 21.4 12.4 17.1 14,192 20.5 BY HOLDER COMMERCIAL BANKS FINANCE COMPANIES CREDIT UNIONS RETAILERS (2) OTHERS 4 3} BY CREDIT TYPE i AUTOMOBILE, TOTAL 1 1 1 1 1 COMMERCIAL BANKS INOIRECT PAPER DIRECT LOANS FINANCE COMPANIES CREDIT UNIONS OTHERS 13) 1 MOBILE HOME, TOTAL COMMERCIAL BANKS FINANCE COMPANIES HOME IMPROVEMENT* TOTAL 3821 i 1 1 1 REVOLVING BANK CREDIT CARD BANK CHECK CREDIT 3,255| 646| I ALL OTHER, TOTAL COMM. BANKS, TOTAL PERSONAL LOANS FINANCE C O S . , TOTAL PERSONAL LOANS CREDIT UNIONS RETAILERS OTHERS (1) (2) i3) 1 1 1 COMMERCIAL BANKS j j | | 1 20011 1 1 7811 I 1 699| 1 1 1291 1 1 109| 1 9,707| 1 2,346| 1,669| 2,814| 2,226| 1,4311 2,9551 1611 17261 1 / 83,490 1 1 1 1 1 1 9891 1 603| I 386| 1 375| 1 343| 1 21|1 48,731 27,0491 21,682 14,921 19,239 599 414 411| 1 95| 1 238| 72| 261 72 2471 1 77| 1 541 5531 480 271 2781 2,8971! 589| 2,944 590 8,4801 9,411| 1,9981 1,435| 2,307| 1*8331 1,2661 2,7211 1891 2,412| 1,6961 2,7181 2,1431 1,345| 2,7801 156|| 8,556 4,860 3,696{ 2,1641 3,398 74 21.3 21.9 20.5 17.0 21.5 14.1 15,156 ! 635 4.4 28| 1 HI1 8,876 3,095 228 -75 2.6 -2.4 5501 1 2121 1 13,375 2,060 18.2 245 2701 1 1111 1 972 17.3 2,783| 4881 2,298 415 2,6931 1 5751 1 3,130 762 27.9 24.6 8,390 8,0091 7,379 8 , 2 2 1 1 1 13171 1 92,515 12,238 15.2 1,840 1,336 2,4271 1,919 1,130 2,8261 167| 1,758| 1,274| 2,2401 lt796| 1,071| 2,7811 159| 1,716 1,230 2,036 1,613 984 2,497 146 1,8021 lt314| 2,3811 1,8591 1,1121 2,759| 167| 26,930 18,383 27,012 I 21,700 16,232 19,941 2,400 | 1 1 1 1 1 1 1 6,598 1 3111 1 ^ 1 4 , 3 4 5 56| 1 v 3,856 5061 1 333) 1 3871 1 307| 1 3011 1 129| 1 -6|1 NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS .LIQUIDATIONS (REPAYMENTS, CHARGED FF~S, AND. OTHER C R E D I T S ) . EXCLUOES 30-OAY CHARGE CREDIT HELD BY RETAILERS, O I L AND GAS COMPANIES, AND TRAVEL AND ENTERTAINMENT COMPANIES. MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, ANO AUTO OEALERS. NOTES S . A . AND N . S . A . DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, Of TAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING. RESPECTIVELY. 3,311 2,120 3,506 2,762 2,861 1 2,207 353 14.0 13.0 14.9 14.6 21.4 12.4 17.2