Full text of G.19 Consumer Credit : June 7, 1990

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FEDERAL RESERVE statistical release

For immediate release
June 7, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding rose $584 million in April,
following a $2,409 million gain in March. Automobile credit declined in
April, reflecting in part slower sales of new cars; mobile home loans also
contracted slightly in April. Revolving credit expanded more rapidly in April
than in March. A portion of the March decline in "other" credit was reversed
in April.
Net change in
amount outstanding
(millions of dollars)
1990
Apr p
Mar r
Feb r

Annual rate of growth
(percent)
1990
Apr p
Mar r
Feb r

CHANGE IN CREDIT, BY TYPE 1/
(seasonally adjusted)
Total
Automobile
Revolving
Mobile home
Other

584
-2,503
2,359
-8
735

1.0
-10.3
14.0
-0.4
4.3

40
-1,275
781
29
505

2,409
1,816
1,698
76
-1,181

4.0
7.5
10.2
4.1
-6.9

Feb

1989May

1990May
TERMS OF CREDIT 2/
(not seasonally adjusted)
Interest rates
Commercial banks
48-mo. new car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies
New car loan
Used car loan
Other terms at
auto finance companies
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




Apr

Mar

0.1
-5.3
4.7
1.6
3.0

11 .82
15 .41
14 .09
18 .14

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

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

11.80
15.27
13.91
18.12

12.44
15.65
14.35
18.11

n,.a.
n .a.

12.21
16.02

12.31
15.97

12.67
15.91

11.80
16.45

n .a.
n .a.

54.2
46.5

54.3
46.4

54.7
46.4

52.7
46.6

n .a.
n .a.

87
96

88
95

88
96

91
97

12,089
8,105

12,216
8,132

12,053
8,065

11,973
7,908

n .a.
n . a.

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Apr p
1990

Mar r
1990

Feb r
1990

Jan r
1990

Dec
1989

Apr
1989

War
1989

-seasonally adjustedTotal
Automobile
Revolving
Mobile home
Other

720,862

720,278

717,869

717,829

716,624

691,432

688,105

288,942
203,984
22,702
205,234

291,445
201,625
22,710
204,499

289,629
199,927
22,633
205,680

290,904
199,146
22,604
205,175

290,770
197,110
22,343
206,401

290,013
181,098
23,407
196,914

289,891
179,239
23,403
195,572

-not seasonally adjustedTotal

715,827

712,970

717,062

721,026

727,561

686,250

680,725

337,760
138,174
89,760
53,606
37,207
3,928
55,392

334,508
137,857
89,723
54,095
37,677
3,792
55,318

339,418
139,115
90,127
54,771
37,904
3,803
51,924

342,266
140,740
90,452
55,425
39,959
4,013
48,171

343,865
140,832
90,875
57,228
42,638
3,935
48,188

320,593
140,650
88,787
61,462
38,090
3,597
33,071

316,413
139,100
88,129
61,348
38,323
3,470
33,942

286,226
126,453
79,295
19,406

287,044
126,676
79,523
19,595

288,036
127,149
80,227
18,931

288,984
127,075
81,918
17,827

290,421
126,613
82,721
18,191

287,055
122,304
86,962
14,124

285,398
121,413
86,028
14,763

201,801
124,282
32,721
3,928
29,174

199,306
121,614
33,169
3,792
28,937

200,147
124,821
33,378
3,803
26,204

203,288
128,384
35,359
4,013
23,450

208,188
130,956
37,967
3,935
22,977

179,124
114,262
33,697
3,597
14,169

177,124
112,088
33,899
3,470
14,324

22,484
9,231
5,168

22,428
9,144
5,178

22,726
9,162
5,410

22,717
9,109
5,411

22,283
9,155
4,716

23,196
8,909
5,638

23,120
8,865
5,668

205,316
77,794
53,711
4,486

204,192
77,074
53,156
4,508

206,153
78,286
53,478
4,526

206,037
77,698
53,411
4,600

206,669
77,141
53,395
4,671

196,875
75,118
48,050
4,393

195,083
74,047
47,404
4,424

6,812

6,786

6,789

6,894

7,020

4,778

4,855

Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
G a s o l i n e companies
Pools of s e c u r i t i z e d a s s e t s
Major c r e d i t

type

3/

4/

Automobile
Commercial banks
Finance companies

Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets 3/
Mobile homes
Commercial banks
Finance companies
Other
Commercial banks
Finance companies
Retailers
Pools of securitized assets
(incl. mobile homes) 3/

1. 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, excluding loans secured by real estate.
2. Interest rates are annual percentage rates as specified by Regulation Z. Commercial
bank data are simple unweighted averages of each banks "most common" rate charged during
the first calendar week of the month. 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.
3. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator.
4. Type-of-credit totals include estimates for certain holders for which only consumer
credit totals are available.
revised.

preliminary.

The G.19 Statistical Release is issued around the fifth working day of each month.
date and time may be obtained by calling (202) 452-3206.




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