Full text of G.19 Consumer Credit : June 6, 1986

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FEDERAL RESERVE statistical release
G.19

For immediate release
June 6, 1986

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding increased by a seasonally adjusted
$4.2 billion in April, following a downward-revised $3.1 billion rise in March. The
annual rate of growth in April was 9.0 percent, up from the 6.8 percent gain in March
but below the 11.8 percent first quarter pace. Growth in automobile credit slowed in
April to $0.7 billion from $1.0 billion. The expansion in revolving credit was slightly
less than in March, while there was some strengthening in "other" borrowings.

Net change in
amount outstanding
(millions of dollars)

Annual rate of growth
(percent)

1986

1986

FLOWS OF CREDIT

( s e a s o n a l Lly adju s t e d )

Apr.P

Mar.r

Total
Automot > i l e
Revolving
Mobile home
Other

4,155
667
1,314
-63
2,237

3,087
1,019
1,407
11
651

Feb.r

5,099
2,682
1,042
203
1,173

Apr P

Mar.r

9 .0
3. .7
12, .9
- 2 , .9
14, .2

6.8
5.7
14.0
0.5
4.1

Interest rates 1/
Commercial banks 2/
48-mo. new-car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies 3/
New-car loan
Used-car loan
Other terms at
auto finance companies 3/
Maturity (months)
New-car loan
Used-car loan
Loan-to-value ratio (percent)
New-car loan
Used-car loan
Amount financed (dollars)
New-car loan
Used-car loan




r

11, .3
15 .3
10, .4
9,.6
7, .5

1985

1986
TERMS OF CREDIT
(not seasonally adjusted)

Feb

May

Apr.

Mar.

Feb.

May

11.45
14.89
13.97
18.32

n.a.
n.a.
n.a.
n.a.

n.a.
n.a.
n.a.
n.a.

12.29
15.52
14.57
18.48

13.16
16.09
15.03
18.74

n.a.
n.a.

10.55
16.67

10.51
16.63

9.70
16.74

11.87
17.84

n.a.
n.a.

50.6
42.5

51.0
42.4

51.3
42.5

50.9
41.4

n.a.
n.a.

89
96

90
95

92
95

91
94

n.a.
n.a.

10,402
6,281

10,306
6,207

10,074
6,194

9,775
6,117

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 4/
Millions of dollars except as noted
Net change during month

Total

Outstanding at end of month
Change from end of
Apr. 1985

Apr.p
1986
N.S.A.

Apr.p
1986
S.A.

Apr.p
1986
N.S.A.

Apr.
1985
N.S.A.

3,087

5,156

555,094

550,238

478,319

71,919

15.0

2,563

411

3,090

732
626
451
-18

1,421

983
761
650

-139

246,226
126,494
76,902
57,950
39,093
3,573

222,316
101,324
68,930
44,622
37,293
3,834

23,910
25,170
7,972
13,328
1,800
-261

10.8
24.8
11.6
29.9

-198

247,735
128,154
77,578
58,024
39,826
3,777

667

1,019
-451
1,107

1,029
n.a.
n.a.

215,028
92,956
80,111
31,574
10,386

n.a.
92,335
78,931
n.a.
n.a.

n.a.
87,890
58,484
n.a.
n.a.

n.a.
4,445
20,447
n.a.
n.a.

123,445
78,424
6,075
35,170
3,777

n.a.
77,906
n.a.
34,467
3,573

n.a.
65,338
n.a.
33,118
3,834

n.a.
12,568
n.a.
1,349
-261

n.a.
19.2
n.a.

25,521
9,272
9,286
6,963

n.a.
9,175
9,140
n.a.

n.a.
9,502
8,992
n.a.

n.a.
-327

n.a.
-3.4

148

1.6

n.a.

n.a.

191,100
67,083
38,757
46,004
34,600
4,656

n.a.
66,810
38,423
n.a.
n.a.
4,626

n.a.
59,586
33,848
n.a.
n.a.
4,175

n.a.
7,224
4,575
n.a.
n.a.

n.a.
12.1
13.5
n.a.
n.a.
10.8

Apr.p
1986

Mar.r
1986

& •A •

D .A«

4,155

Amount

Percent

Major holder
Commercial banks
Finance companies 5/
Credit unions
Savings institutions
Retailers
Gasoline companies

522
526
347

-165
-163

4.8
-6.8

Major credit type 6/
Automobile
Commercial banks
Finance companies
Credit unions
Savings institutions

-421

695
255
138

213
151

n.a.

-24

Revolving 7/
Commercial banks
Savings institutions
Retailers
Gasoline companies

1,314
1,403

1,407
1,068

128
-18

134
345

-198

-139

n.a.
1,286
n.a.
-150
-163

Mobile home
Commercial banks
Finance companies
Savings institutions

-63
-76
-41
54

11

n.a.

-219

-70
-37

Other
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers

2,237
1,656

79
371
131
0

166
63
651
13
148
310
178
2

n.a.
n.a.
1,898

-9
n.a.
n.a.

-15

451

n.a.

5.1
35.0
n.a.
n.a.

4.1
-6.8

1. Interest rates are annual percentage rates as specified by Regulation Z.
2. Commercial bank data are simple unweighted averages of each bank's "most commmon" rate
charged during the first calendar week of the month.
3. Finance company data from the subsidiaries of the three major U.S. automobile manufacturers
are volume-weighted averages covering all loans of each type purchased during the month.
4. The Board's series on amounts of credit covers most short- and intermediate-term credit
extended to individuals that is scheduled to be repaid (or has the option of repayment) in two or
more installments; the series exclude credit backed by real estate, to the extent possible.
5. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
6. Not seasonally adjusted data are unavailable by type of credit for certain holders. In these
cases, the seasonally adjusted total for the holder group has been allocated among the components
using the latest available benchmark information.
7. Excludes 30-day charge credit held by travel and entertainment companies.
n.a.55 Data not available.
S.A.S Seasonally adjusted.
r = revised.
p « preliminary.

N.S.A.* Not seasonally adjusted.

The G.19 Statistical Release is issued around the middle of each month.
may be obtained by calling (202) 452-3206.



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