Full text of G.19 Consumer Credit : June 6, 1980

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R E S E R V E statistical release
••ssss^--'
G. 19 (421)

FOR IMMEDIATE RELEASE
JUNE 6, 1980

CONSUMER INSTALLMENT CREDIT - APRIL 1980

CONSUMER INSTALLMENT CREDIT OUTSTANDING DECLINED IN APRIL BY $1.99 BILLION,
SEASONALLY ADJUSTED, COMPARED WITH AN INCREASE OF $1.44 BILLION IN MARCH. THE CONTRACTION
IN CREDIT OUTSTANDING -- AT AN ANNUAL RATE OF ALMOST 8 PERCENT — WAS THE FIRST SINCE
MAY 1975. AUTOMOBILE CREDIT WAS DOWN $645 MILLION; REVOLVING CREDIT, $388 MILLION; AND
THE LARGE "OTHER" CATEGORY, $988 MILLION. MOBILE HOME CREDIT POSTED A SMALL ADVANCE.
EXTENSIONS OF INSTALLMENT CREDIT DURING APRIL DROPPED ALMOST 15 PERCENT FROM
THE MARCH LEVEL, TO $22.55 BILLION, A DECLINE OF $4.07 BILLION. LIQUIDATIONS OF
EXISTING DEBT DECLINED BY A MUCH SMALLER AMOUNT — $650 MILLION — AND TOTALED
$24.53 BILLION FOR THE MONTH. WITH LIQUIDATIONS EXCEEDING CREDIT EXTENDED, TOTAL
CREDIT OUTSTANDING FELL.

(IN MILLIONS OF DOLLARS)
IHSTALLMENT CREDIT

APR. 1980 | MAR. 1980 IAPR. 1980 | APR. 1979 JLATEST 12 MONTHS
(SEASONALLY ADJ.) R i
(NOT SEAS.ADJ.)
| (NOT SEAS.ADJ.)
I
"
|«
22,548|
26,620]
23,303|
27,016|
319,780
I
I
1
I
7,240|
5,725|
6,257j
8,405i
88,951
11,038|
10,293|
10,002|
9 , 140J
124,674
506|
436|
477|
532|
6,527
6,094|
7,836|
6,567|
8,939!
99,628
I
I
I
I
I
I
I
1
22,896|
296,223
2 5 , 183J
24,533|
24,792|

AMOUNT EXTENDED:
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT LIQUIDATED

I

i

NET CHANGE IN AMOUNT
OUTSTANDING:

I

I

J
I
I
I
23,557
4,1201
1,437|
-1,985|
-1,489|
1
I
AUTOMOBILE
J
I
<«)
395|
1,760|
REVOLVING (1)
-645|
6111
-267J
(1)
541J
MOBILE HOME
-388|
-445|
128|
W
105|
OTHER
36|
72|
1,714!
303|
-988|
-849|
I
I
AMOUNT OUTSTANDING,
I
I
I
END OF MONTH
I
(2)
I
(2)
I
282,575!
!
NOTE: THE BOARD'S SERIES COVERS HOST
(2) SHORTJ
3
0
6
,
1
3
1
|
AND I N T E R M E D I A T E - T E R H ^ C R E D I T ^ E X T E N D E D "

™ J S ? c I I ™ A L 0S T H R ° U G H REG0LAR BUSINESS
CHANNELS, USUALLY TO S ! S c 5 III
s S c f P U L S E S • J K ' S r S S l l f J I " ? SER?ICES ° f i T ° R E " » A * C E MBTS INCURRED FOR

d)
(2)
(3)
(4)
R=

S ^ c S i K 5 SSSSSs. 111%™ C0"""IES " D C0""EKI" M"s- " °
NOT APPLICABLE OR NOT AVAILABLE.
J c / S S m u n ^ m " 5 5 ; ? 3 L C HB0T
SZai

ScSSIfS 2nwl"
U

NEXT T

*'

IN

"*

S T C0LDM

OOtSSAIDIIGS
?ARI
SLIGML

REVISED.




* E A E S ALSO ON THE NEXT

^ ™* * ° DIFFERENT

N THE NEXT PAGE

E5iEi
°.S.A."
"CHANGE«n?5wn™
FROM END OF APRIL° 1"9 7 9 AMOUNT N

AP

™»ER ^ E HEADING
nisau±«i,

(3)

COMSUHER INSTALLHENT CREDIT BY BOLDER AND TYPE -

APR. 1980

(IN BILLIONS OF DOLLARS)

L I Q U I D

E X T E N D E D

A T E D

INSTALLHENT CREDIT BY
HCLDEB AND TYPE

TOTAL
BY MAJOR HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS (2)
SAVINGS AND LOANS
GASOLINE COMPANIES
MUTUAL SAVINGS BANKS
BY MAJOR CREDIT TYPE
AUTOMOBILE
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE COMPANIES
REVOLVING
COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES
MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNIONS
OTHER

APR.
1980
S.A.

|
|
|
I

22,548)
I
I
I
I
9,338|
4#841|

1,865|
3,870|
555|
1,978|
101}
I
I
I
5,7251
1

2,398J
1,<*33|

965!
9621
2,3651
I
10,2931
I
4,9291
3,3861
1,9781
I

436|
i
220|
84|
1281
4|
1

MAR.
1980
S.A.

APR.
1979
S.A.

26,620

27,009

23,3031

11,315
5,700
2,501
4,358
665
1,987
94

13,111
5,239
2,753
3,742

559
1,505
100

APR.
1990
N.S.A.

|
l|
|

(1)
(2)
R=

1
1,7911

2,3921
8991
4841
427|
1011

T A N D I

END OF
APR.
1980
N.S.A.

CHANGE FROM Et
OF APR. 197$
AMOUNT
PERN.S.A.
CENT

25,183»

22,904|

24,7921 I-1985J

306,131

23,556

9,703|
5,2211
1,8811
3,8651
618|
1,9171
981

11,575
3,857
2,608
3,935J
4 72
1,964
122

11,2981
4,526|
2,7161
4,1151
461)
1,9391
1281

10,994!
3,861|
2,614!
3,436!
4011
1,432!
166|

11,613]
4,097J
2,671|
3,960]
486|
1,835!
130!

145,405
71,545
45,731
25,7461
10,8871
4,503
2,314

5,562
13,211
-591
2,649{
2,054
1,120
-449

1-22371
!
984|
f -743!
1
-651
1
83|
{
14)
J
-211

7,240

7,999

6,257!

6,370

6,8451

6,6121

6,5248 1 - 6 4 5 !

3,394
1,978
1,416
1,306
2,540

4,707
2,635
2,072
1,415
1,877

2,6911
1,624(1
1,067!
9621 I
2,604]

3,733
2,131|
1,602|
1,335
1,302

3,8061
2,0641
1,742|
1,3881
1,651J

3,9671
2,1531
1,814|
1,3511
1,294)

3,760!
2,1201
1,6401
1,3401
1,4241

11,038

9,722

10,427!

8,6041

10,447! I

5,200
3,851
1,987

4,923
3,294
1,505

4,318|
3 , 054J
1,432!

5,102! I
3,5101 |
1,8351 !

10,0021
4,750|
3,335| I
1,917!

10,681
5,189
3,528 |
1,964

4,805!
3,6831
1,939!

1-13351
] -698]
] -637]
1 -373!
1 1063]

506

510

4771

400

3781

428|

4051 I

263
90
143
10

304
59

239|
97J I
137J
4(

250
43 1
95
12

2461
33J
861
13|

283!
53!
78|
14|

252|
49)
921
12}

7,836

8,778

6,567!

7,082

7,533!

7,060!

7,4161 |

2,458
3,070
1,185
507
522
94

3,177
3,303
1,325
44 8
425
100

2,023!
2,5201
915|
5301
481|
98J

2,403
2,512
1,261
407
377
122

2,4411
2,8421
1,3151
4321
375!
128(

2,426]
2,514|
1,249|
382}
323|
1661

2,499]
2,6241
1,319|
450!
394|
1301

134
13

O U T S

24,533

.6,0941
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
SAVINGS AND LOANS
MUTUAL SAVINGS BANKS

I NET 1
I CHG 1
1 ] APR.!
1 1 1980|
| I S.A.I
I (1) !

MAR.
1980
S.A.
R

1
|
1
1

APR.
1979
S.A.

APR.
1
1980
J
( N.S.A.

APR.
1980
S.A.

«
1
1
1

115,014

7,828

8.:

4.1
22. i
-1.:
11.!
23.1
33.
-16..

7.'

62,978
36,325
26,653
21,868
30,168

112 I
1,003
-891 |
-282 I
7,998

.:
2.8
-3.2
-1.3
36.1

-388!

52,217

6,436

14.1

-260!
-1421
14)

27,889
19,825|
4,503

3,122 i
2,194 I
1,120 i

12. i
12.S
33.1

17,668

1,470 I

9.1

416 I
364 I
697 |
-7I

4.4
11.5
23.3
-1.4

36|
-30! I
411 1
33] I
-8J I
-988(

I -6121
« -1201
II - 3 6 2 1
J
77)1
1
50|
1
-21)

9,965
3,523|
3,694
486 I
121,232
44,573
37,854
23,3771
5,9211
7,193
2,3141

7,822

REVISED.
NOTE: S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.
DETAILS MAY HOT ADD TO TOTALS DUE TO ROUNDING.

6.9

4.5
1,912
14.7
4,849
-302
-1.3
4551
8.3
1,3571
23.3
-449 J - 1 6 . 3

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGEOFFS, AND OTHER CREDITS).
INCLUDES AUTO DEALERS AND EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILERS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.




N G