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FEDERAL

RESERVE

statistical

release

>f*AiKfr:FOR IMMEDIATE RELEASE
JUNE 6, 1979

G.19 (421)

CONSUMER INSTALLMENT CREDIT - APRIL 1979
CONSUMER INSTALLMENT CREDIT OUTSTANDING EXPANDED BY $4.1 BILLION IN APRIL,
AFTER SEASONAL ADJUSTMENT, UP FROM THE $3.7 BILLION GAIN IN MARCH. THE APRIL ADVANCE,
EQUIVALENT TO A 17 PERCENT ANNUAL RATE OF GROWTH, WAS THE HIGHEST OF THE YEAR BUT
TRAILED THE $4.4 BILLION INCREASE RECORDED IN DECEMBER, WHICH REPRESENTED 20 PERCENT
ANNUAL GROWTH. BETWEEN DECEMBER 1977 AND DECEMBER 1978, INSTALLMENT CREDIT HAD
INCREASED 19 PERCENT.
DESPITE THE EXPANSION IN CREDIT OUTSTANDING, CREDIT NEWLY EXTENDED DECLINED
IN APRIL ON A SEASONALLY ADJUSTED BASIS TO $25.80 BILLION FROM $26.70 BILLION IN MARCH.
HOWEVER, LIQUIDATIONS OF EXISTING DEBT FELL BY A WIDER MARGIN—FROM $22.97 BILLION TO
$21,73 BILLION—WHICH RESULTED IN THE OVERALL ADVANCE |N AMOUNT OF DEBT OUTSTANDING.
THE INCREASED GROWTH IN OUTSTANDINGS DURING APRIL WAS MOST EVIDENT IN THE
LARGE "OTHER" CREDIT CATEGORY WHICH INCLUDES PERSONAL CASH LOANS AND A VARIETY OF
GOODS-RELATED CREDIT. THIS CATEGORY EXPANDED $1.7 BILLION IN APRIL COMPARED WITH
$1.4 BILLION IN MARCH. GROWTH ALSO ACCELERATED SOMEWHAT FOR REVOLVING CREDIT AND WAS
A LITTLE SLOWER FOR AUTO CREDIT AND MOBILE HOME CREDIT.
(IN MILLIONS OF DOLLARS!
INSTALLMENT CREDIT
AMOUNT EXTENDED:
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER

I APR. 1979 | MAR. 1979 | APR. 1979 ( APR. 1978 |LATEST 12 MONTHS
1 (SEASONALLY ADJ.)
(NOT SEAS • ADJ.)
K N O T SEAS.ADJ.)
1
«
_j-!
26,6981
!
25,8011
23,9A5|
308,902
25,8331
!
1
1
1
1
1
7,724|
7,797!
8,1061
7,421|
92,099
9,7141
8,3971
1
8,918!
7,8721
108,834
5171
5161
I
4961
5481
6,042
8,671|
1
8,6631
8,8131
8,144|
101,927
1
1
1
1
!
f

AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:
AUTOMOBILE
REVOLVING (1)
MOBILE «OMF
ftTHER
AMOUNT OUTSTANDINGt
END OF MONTH

|

1
i
1

21,7331
i
1

I
j
1
1
1
1

4,068|
1
1,387!
875|
841
1,722|

!
1

1
1

1

1

!

<2)

|

i

22,9671
f

i
3,7311
1

1,486!
742!
1081
1,395|
!
!
(2)
I

i

21,7411
i

!
I
4,092!
i

1,733!
542!
105|
1,7121

I
!
282,4391

?
19 ? 970|
!
!
4,0151

1
1,9901
392!
138!
1,495!

264,310
44,592
(4)
(4)
(4)
(4)

I
!
237,85*1

(2)

NOTE* THE BOAPDfS SERIES COVERS MOST SHORT- ANO 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 MOPE INSTALLMENTS. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
CI)
CREDIT CARDS AT RETAILERS, GASOLINE COMPANIES AND COMMERCIAL BANKS, ANO
CHECK CREDIT AT COMMERCIAL BANKS.
(2)
NOT APPLICABLE OR NOT AVAILABLE.
(3)
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.
(4)
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
"CHANGE FROM END OF APRIL 1978 AMOUNT N.S.A."




(3)

CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE -

APR.

1979

( I N MILLIONS OF 0OLLARS)

L I

E X T E N D E D

Q U I D A T E D

INSTALLMENT CREDIT BY
HOLDER ANtJ TYPE
i

I
1

'APR.
1979
S.A.

!
!
|

)

BY MAJOR HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREOIT JNIONS
RETAILERS 12)
SAVINGS AND LOANS
GASOLINE COMPANIES
MUTUAL SAVIMGS BANKS
BY MAJOR' CREDIT TYPE

25,801!

1
!
1

1
!
1

1
1
1
1
1
1

11,870!
5,271!
2,753!
3,742!
559!
1,505!
101!

1

26,6981

24,682!

!
!

S.A.

1

MAR.
1979
S.A.

»
1
!

!

22,967!

12,104!
5,328!
2,667! f
3,591!
576!
1,457!
110!

9,790!
3,8941
2,6141
3,436!
401!
1,432!
1661
1
I

10,9471
3,789|
2,722!
3,468)
410!
lf473!
158!

1

12,102!
4,158!
3,257!
3,337!
421!
1,311!
961

1

7,434|

8,106! 1

6,3371

1

COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES

!

6,311!

5,622!

6,373! !

3,487!
1,899!
1,588!
1,274!
861!

3,6741
2,033!
1,641!
1,359|
1,340!

3,692!
2,047!
1,645!
1,351!
1,294!

3,807!
2,159!
1,648!
1,342!
1,162!

9,714!

8,523!

8,3971

8,043!

8,972!

!

!

4,197|
3,0151
1,311!

516!

529!

!

COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNIONS

1

299!
50!
134!
13!

1

8,6631

OTHER

j

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
SAVINGS *ND LOANS
MUTUAL SAVINGS BANKS

3,804!
3,136|
1,457!

i

496!

MOBILE HOME

3,020!
3,344!
l,3?5!
4481
425!
101!

296|
61!
139!
20!

336!
72!
103!
18!

8,671!

8,196!

2,668!
3,27e>!
1,643!
4141
444!
226!

3,0581
2,759!
1,643!
322!
318!
96!

18.8
25.3
18.1
7.1
14.8
12.4
?4.1

i

!
!

4,7711 1
2,743!
2,028!
1,369J
1,966!

5,024!
3,197!
1,493!

! 2080! 1 139,816 2 2 , 1 6 2 !
1 1377! 1
58,225 11,762!
!
139! 1
46,322
7,086!
!
306! !
23,097
1,527|
!
158! !
8,833 1
1,139!
!
731 1
3,383
3721
1
-65! !
2,763 1
536!

1

4,511!
2,502!
2,009!
1,596!
1,3271

4,119!
3,294!
1,505!

18.7

9,7331
3,988!
2,646!
3,4231
4141
lt366l
171!

4,424!
2,449!
1,975!
1,5871
1,786!

i

1
I

282,439 1 44,584}

2 1 , 7 4 1 ! 1 4068! !

9,655!
3,279!
2,587!
S,279l
3061
1,328!
142!

4,432!
2,524!
1,908!
1,415!
1,877!

1

CHANGE FROM END
1 OF
APR. 1978
PERAMOUNT!
CENT
1 N.S.A.)

!
»
1

7,797!

8,918!

20,576!

T A N D I N G

I

!
1
1
12,412!
5,123!
3,250!
3,611!
583!
1,493!
226!

APR.
1978
S.A.

NET I ! 0 U T S
CHG 1
APR.! ! END OF
1979! !
APR.
S.A.! !
1979
1 (1) 1 ! N . S . A .

!

!

1

!
!

APR.
1979

21,733!

25,833!

i

REVOLVING




APR.
1
!
1979
!1
!
! N.S.A. 1

7,7241

COMMERCIAL BANKS
INDIRECT-TAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE COMPANIES

(1)
<?)

APR.
1978
S.A.

1

AUTOMOBILE

*

!
|
1

!

1

TOTAL

MAR.
1979
S.A.

1
!
APR. 1 !
!
!
1979
!!
! N.S.A. 1 !

517! I
317!
54! 1
133!
13!
8,813!
3,212!
3,308!
1,28511
455H
443!

U0»1

!

!

1387! !

107,159 1 19,412!

22.1

!
1
!
!
!

740! 1
477! !
263! 1
64! !
5 83! !

62,839
10,220!
35,302
5,9851
27,537 1 4,235!
22,150
3,342!
22,170 I
5,850!

19.4
20.4
18.2
17.8
35.8

7,840!

7,8551 !

875! 1

45,782

7,356!

19.1

»

t

3,5571
3,054!
1,4321

4,436!
3,063!
1,473!

3 , 6 10!
2,902!
1,328!

3,478! !
3,011! !
1,366! 1

562! !
240! !
73! 1

24,768 1
17,631
3,383 !

5,713!
1,271!
372!

30.0
7.8
12.4

1
412!

408!

417!

412! 1

84! !

16,197 !

910!

6.0

261!
701
74!
12!

27*1
43!
78!
13|

1
!
1
!

22! 1
7! !
56! !
- l !!

9,548 !
3,159
2,997 !
493

363!
102!
371!
74!

4.0
3.3
14.1
17.7

6,697!

7,101! !

1722! !

113,301

16,906!

17.5

2,297!
2,348!
1,301!
377!
232!
142!

2,3031 !
2,605! 1
1,274! !
412! !
336! !
171 r !

756! 1
787! !
76! !
661 1
102! 1
-65!!

42,661
32,896
23,679
5,466
5,836
2,763

5,866!
5,810!
3,670!
256!
768!
5361

15.9
21.5
18.3
4.9
15.2
24.1

!
24 3 !!
77
78!
141
1
6,9411

j

2,2641
2,557|
1,249!
382|
323!
166!

!
!

2651
50!
80!
13!
1
7,276!
i

2,439!
2,577!
1,367!
405!
330!
15 8!

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS L I Q U I D /tTIONS (REPAYMENTS, CHARGEOFFS, AND OTHER C R E D I T S ) .
INCLUDES AUTO DEALERrS AND EXCLUDES 3 0 - OAY CHARGE CREOIT HELD BY RETAILERS AND BY TRAVEL AMD E NTERTAINMENT 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.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102