Full text of G.19 Consumer Credit : June 7, 1991

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FEDERAL RESERVE statistical release
'f^nss?

For immediate release
June 7, 1991
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding grew $1,698 million in April,
following a $320 million decline in March. Prior to the April increase,
outstanding credit had declined in each of the four previous months. In
April, revolving credit expanded at a less rapid pace than in February
and March; mobile home and "other" loans increased for the first time in
several months. Automobile credit outstanding fell only slightly in April,
after declining appreciably over the prior months of the year.
Net change in
amount outstanding
(millions of dollars)
1991
Apr p
Mar r
Feb

Annual rate of growth
(percent)
1991
Apr p
Mar r
Feb

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

1,698
,-171
1,264
49
556

-320
-1,937
3,261
-78
-1,566

-201
-1,120
1,968
-258
-791

2.8
-0.7
6.7
2.9
3.2

„

1991

May

Apr

-0.5
-8.2
17.7
-4.6
-9.0

Mar

-0.3
-4.7
10.8
-15.1
-4.5

-1990May

Feb

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




11 .28
15 .16
13 .80
18 .22

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

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

11.60
15.42
13.88
18.28

11.82
15.41
14.09
18.14

n .a .
n .a.

13.14
15.82

13.14
15.82

13.16
15.90

12.23
16.03

n .a.
n .a.

55.4
47.3

55.2
47.2

55.2
47.1

54.5
46.1

87
97

87
97

88
96

87
96

11,993
8,751

12,121
8,763

12,081
8,605

12,064
8,169

n .a .
n,.a.
n..a.
n..a.

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

Apr p
1991

Mar r
1991

Feb
1991

Jan
1991

Dec
1990

Apr
1990

Mar
1990

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

734,140

732,442

732,762

732,962

735,102

727,798

726,67

280,518
226,082
20,171
207,369

280,689
224,817
20,123
206,813

282,626
221,556
20,200
208,379

283,746
219,588
20,459
209,170

284,585
220,110
20,919
209,487

290,000
207,673
22,359
207,766

290,75
205,78
22,67
207,46

748,300

722,166

719,65

—not seasonally adjusted-728,419

Total

725,462

729,264

736,399
s

Major holder
336,214
134,723
90,355
42,327
38,317
4,357
82,126

335,754
131,552
90,772
42,491
38,497
4,296
82,100

339,282
133,021
91,131
43,875
38,864
4,404
78,687

341,426
134,965
91,991
44,939
40,945
4,766
77,367

347,466
137,450
92,911
45,616
43,552
4,822
76,483

336,026
138,174
91,580
56,956
39,579
3,928
55,923

333,04.
137,85
91,47
57,61
39,98
3,79
55,89

Automobile
tommercia 1 banks
Finance companies
Pools of securitized assets 3/

278,274
122,736
,•71,7*1

277,798
123,411
69,233
27,775

279,913
124,745
70,287
26,872

282,214
126,235
72,015
25,123

284,813
126,259
74,397
24,537

287,564
126,154
79,295
19,484

287,64
125,81
79,52
19,68

Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets 3/

222,713
126,059
34,013
4,357
46,616

221,400
124,619
34,179
4,296
46,722

220,714
125,673
34,509
4,404
44,451

223,606
125,814
36, 510
4, 766
44,773

232,370
132,433
39,029
4,822
44,335

204,641
124,262
35,157
3,928
29,333

202,67
122,32
35,54
3,79
29,12

20,125
9,565
5,574

20,030
9,632
5,328

20,362
9,730
5,330

20,614
9,748
5,367

20,666
9,763
5,252

22,299
9,115
5,168

207,307
77,854
57,388
4,304

206,234
78,092
56,991
4,318

208,275
79,134
57,404
4,355

209,965
79,629
57,583
4,435

210,451
79,011
57,801
4,523

207,662
76,495
53,711
4,422

206,78
75,86
53,15
4,43

8,735

7,603

7,364

7,471

7,611

7,106

7,08

Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized assets 3/
Major credit type 4/

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

22,55
9,04
5,17.

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 bank's "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.
r = 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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