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
@FedFRASER