Full text of G.19 Consumer Credit : June 7, 1976

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'0&29&*'

FEDERAL

RESERVE

statistical

release

••••••
FOR IMMEDIATE RELEASE
JUNE 7, 1976

G.19

CONSUMER INSTALMENT CREDIT - APRIL 1976
CONSUMER INSTALMENT CREDIT OUTSTANDING EXPANDED BY $1.44 BILLION IN APRIL*
AFTER SEASONAL ADJUSTMENT* SOMEWHAT LOWER THAN THE $1.51 BILLION LEVEL IN MARCH,
BUT STILL ABOVE THE $1.33 BILLION FIRST QUARTER AVERAGE. AUTOMOBILE CREDIT AGAIN LED
THE EXPANSION* GROWING BY $710 MILLION* THE LARGEST INCREASE SINCE MARCH, 1973.
INSTALMENT CREDIT EXTENSIONS AND LIQUIDATIONS IN APRIL BOTH DECLINED ABOUT
3 PER CENT FROM THE PRECEDING MONTH* ON A SEASONALLY ADJUSTED BASIS. ABOUT
$15.78 BILLION NEW CREDIT WAS EXTENDED AND $14.34 BILLION OF EXISTING DEBT WAS
LIQUIDATED, RESULTING IN THE $1.44 BILLION NET CHANGE.
BANK REVOLVING CREDIT EXPANDED BY $166 MILLION IN APRIL* SOMEWHAT BELOW
THE NEAR RECORD $236 MILLION INCREASE IN MARCH. HOME IMPROVEMENT LOANS EXPANDED
MODESTLY, BUT MOBILE HOME CREDIT CONTRACTED SHARPLY* WITH EXTENSIONS BARELY ABOVE THE
FEBRUARY 1975 LOW.
THE EXPANSION IN "ALL OTHER" CREDIT DURING APRIL WAS $600 MILLION* DOWN ONLY
SLIGHTLY FROM MARCH. "ALL OTHER" CREDIT CONSISTS OF RETAIL STORE CREDIT ANO
MERCHANDISE-SECURED OR PERSONAL CASH LOANS MADE BY FINANCIAL INSTITUTIONS.
CONSUMER INSTALMENT CREDIT -

APR. 1976

(IN MILLIONS OF DOLLARS)
INSTALMENT CREDIT, TOTAL

I
I
I
I
I
I APR. 1976 I MAR. 1976 I APR. 1976 I APR. 1975 I
I (SEASONALLY ADJ.)
I
(NOT SEAS.ADJ.)
I

AMOUNT EXTENDED!

I

I

I

I

15,7751

16,3181

16,361t

13,592)

I

I

I

I

4,4381
2601
4301
1,9071
4051
8,335|

4,5371
3111
4211
2,0461
3901
8,6131

4,7401
2721
4541
1,841!
4101
8,6441

3,7471
2851
3411
1,5071
3611
7,3511

I
I

I
I

I
I

I
I

14,339|

14,805|

14,7471

13*7651

I
I

I
I

I
I

I
I

1,5131
XXXXXXX II

1,6151

AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT LIQUIDATED*
NET CHANGE IN AMOUNT
OUTSTANDING
AMOUNT OUTSTANDING,
END OF MONTHS

1,4361
I

XXXXXXX

»I
I

178*450
50*066
3*390
4*728
21*063
4*422
94*781
169*345
9*105

-1741

I
I

I
I

I

12 MONTHS
ENDING
APR. 1976

158,392 (2)

153*1311

162,2361
HOLDER SHARES OF INSTALMENT CREDIT
(IN PER CENT)
HOLDER

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS (3)
OTHERS (4)

SHARE OF EXTENSIONS
I MONTH-END SHARE OF OUTSTANDINGS
(SEASONALLY ADJ.)
|
(NOT SEASONALLY ADJ.)
APR. 19761 MAR. 19761 APR. 1975| APR. 1976| MAR. 1976| APR. 1975

I

42.71
25.01
15.11
16.11
1.11

1

I

43.51
24.51
14.6|
15.91
l.5|

1

I

I

I

43.01
23.91
14.91
16.71
1.51

46.9f
24.01
16.31
10.51
2.3!

46.81
24.11
16.21
10.61
2.3f

1

!

I

NOTE* CONSUMER INSTALMENT CREOIT 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 DEBTS INCURRED FOR
SUCH PURPOSES. AND SCHEDULED TO BE REPAID IN TWO OR MORE INSTALMENTS.
MORTGAGE CREOIT IS EXCLUDED.
(1)
BANK CHECK CREDIT AND OTHER BANK REVOLVING CREDIT.
(2)
ANNUAL AVERAGE.
(3)
RETAIL STORES AND CATALOG ORDER.
(4)
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.



47.9
24.6
14.6
10.6
2.3

NET CHANGE IN INSTALMENT CREDIT
( S e a s o n a l l y Adjusted Quarterly T o t a l s )
Total
BILLIONS
OF $
<

Conun. Banks

fu

"^

h-

-H

—1
6
4

A

...
iiir^

*

2
0

'

r—

-2

t

a

11 ..Ii

i

i • HI

_i_

i i

i

i

1

1

1

1

_L_

*

_L_

-J

•—.

i •

i I.I. >i. ••.

• i

_J

,\

1 J

1973

1971

CONSUMER INSTALMENT CREDIT BY HOLDER AND TYPE -

APR. 1976

( I N MILLIONS OF DOLLARS)

E X T E N D E D
INSTALMENT C R E D I T , BY
HOLDER AND TYPE

I

APR.
1975
S.A.

MAR.
1976
S.A.

13,168

16,318

5,665
3,145
1,961
2,203
194

7,102
3,992
2,389
2,596
238

I

APR.
1976
S.A.

il
- . .,. ||.II

TOTAL

15,7751

1

6,729|
3,944|
2,3861
2,544|
1711

BY CREDIT TYPE
AUTOMOBILE, TOTAL

-.«.._.»..__..»•_.»..••.

COMMERCIAL BANKS
PURCHASED PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS
(3)

3,477

4,537

4,438 1

1,968
1,086
882 1
735
752
21

2,584
1,463
1,121
954
964
35

2,5601
1,427|
It134|
9461
8911
401

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
HOME IMPROVEMENT, TOTAL
COMMERCIAL BANKS

188
83

230
81

1821
791

320

421

4301

187

247

2491

1,554
347

2,046
390

1,9071
4051

7,198 1

8,613

8,335!

REVOLVING
BANK CREDIT CARD
BANK CHECK CREDIT
ALL OTHER, TOTAL
COMM. BANKS, TOTAL
PERSONAL LOANS
FINANCE C O S . , TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

(1)
(2)

(3)

1

I

1,420 I
lt0121
2,308 1
1,480 1
1,174 1
2,203 I
93 1

16,36111

II
II
II
II

BY HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
(2)
OTHERS
(3)

1,605
1,135
2,941 1
1,801
1,376
2,596
93 I

L I

. . » ..... I| t|>. APR.
| . .APR.
1976
11
1975
|
S.A.
| N.S.A. | |

1,4271
1,0361
2,8891
1,8071
1,4461
2,5441
29 I

7,144||
4,11711
2,48211
2,47311
14511
II
It
II
4,74011
II
2,807||
1,55611
1,25111
lt009||
89311
3111
II
II
II
18911
83||
II
45411
II
27211
If
II
II
1,841||
41011
II
8,644||

II
1,625||
1,160 I I
2 , 9 9 5 11
1,862||
lr541||
2,4731!

ion

|
I
J
1

Q U I D A T E D
MAR.
1976
S.A.

I
1
|

14,8051
1
1
1

I

1

1
1
2391
921
3761
2021
I
1
j
1,5121
3371
j

| APR.
|
1976
| N.S.A.

I

13,4081
1
1
1
j
5,9761
3,2631
1,7631
2,2041
2031
1

3,7461
1
2,24l|
1,2901
9511
7911
6771
371
1

APR.
1976
S.A.

14,339|

|

6,5301
3,6901
1,8751
2,4881
2221
j

6,1681
3,5971
1,9941
2*3671
214|

I
1
I1
I1
|1
1

14,7471 1
1
1
1
I
6,2351 1
3,779! 1
2,104! I
2,4001 I
2291 1

|

1

2121
i

||

I!
II

3,728 1

3,7981 I

7101!

2,209!
1,2611
948 1
7401
7401
39|

2,242|
1,284!
9581
7641
750|
421

2311
68|
4121
222!

1
j
1,8221
3781

1.7731
373!

7,1071

7,9981
j

7,7351

1,4461
1,0291
2*3251
1,*73|
1,0561
2,2041
76|

1,5301
1,0931
2.824J
1.724|
1,0691
2,4881
86|

1,360|
969|
2,713!
1,6501
1,2181
2,3671
77|

t

1436H 1 6 2 , 2 3 6
II
II
II
II
56111 7 6 , 0 1 3 1
39,0031
3471 I
3 9 2 1 1 26,<*03
177||
17,0601
-43||
3 , 7 571

I
I

|

3,8831
1
2,345|
1,3611
9831
7241
7721
421
j
1
1
244|
831
j
3981

NET ( I O U T S T A N 0 I N G
CHG I I
A P R . I I END OF ! CHANGE FROM END
OF APR. 1 9 7 5
1 9 7 6 1 1 APR.
AMOUNT I
S.A.!!
PER
1976
CENT
N.S.A.)
(1) I I N . S . A .

1

II

1 3511!
1 1661!
1 18611
I 20611
1 151(1
t
H I
I
II
1
II
1
tf
2331 1 - 4 9 1 1
94| I
-9||
j
} j
4211 I
1811
i
j|

2231 1
1
I
1
1,7241 I
404| I
1
8,0731 I
j
1,409|
1,002!
2,8621
1,7371
1,3171
2,4001
851

2711
11
tl
11
134||
3211
11
600 11
j)

1
67» I
I
6711
1 17611
1 15711
1 22811
1 17711
1 -4811

S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.




5.6

2,6631
1,257!
3,988 I
8311
366)

3.5
3.2
15.1
4.9
9.7

55,0591

4,2101

7.6

30,6821
17,742
12,940
13,869
10,0511
457

1,1011
47 |
l,054|
1,5201
1,5231
661

3.6
.3
8.1
11.0
15.2
14.4

8,188
3,409|

-5071
-104|

-6.2
-3.1

8,300

192 1

2.3

4,816

270|

5.6

8,959 1
2,882

1,0121
1011

11.3
3.5

75,440 1

4,2021

5.6

20,487
14,192
21,211
17,047
15,557
17,060 1
1,125

6871
6311
194|
396|
2,344|
8311
1461

3.4
4.4
.9
2.3
15.1
4.9
13.0

NET CHANGES FOR ALL MONTHS EQUAL.EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARQEQF.ES* AND OTHER CREDITS).
EXCLUDES 30-DAY CHARGE CREDIT HELO BY RETAILERS, OIL AND GAS COMPANIES, AND TRAVEL AND ENTERTAINMENT CGMPANIES
AMOUNTING TO $2097 MILLION AT THE END OF APRIL. THIS REPRESENTS A DECREASE OF $ 8 MILLION FROM THE END OF
MARCH ON A SEASONALLY ADJUSTED BASIS AND A INCREASE OF $14 MILLION ON AN UNADJUSTED BASIS.
MUTUAL SAVINGS BANKS, SAVINGS ANO LOAN ASSOCIATIONS, AND AUTO DEALERS.
NOTE:

9,105!