Full text of G.19 Consumer Credit : June 8, 1982
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FEDERAL RESERVE statistical release
)
*«4LK&y
G.19
(421)
FOR IMMEDIATE RELEASE
June 8, 1982
CONSUMER INSTALLMENT CREDIT - APRIL 1982
Consumer installment credit outstanding expanded by $1.18 billion in April,
after seasonal adjustment, compared with a $990 million gain in March and a small rise
in February. The April increase was the largest since the $2.98 billion advance in
September 1981. The annual rate of growth during April was 4-1/4 percent, about
double the pace of the first quarter, but less than the 6-1/2 percent growth during the
full year 1981.
Automobile credit outstanding increased by a seasonally adjusted $233 million
in April, after contracting in each of the first three months. Revolving credit growth
also accelerated in April, to almost $500 million, the largest gain since last September.
Slower growth in the large "other" category partly offset the pick-up in auto and
revolving credit.
Extensions in April rose to $28.68 billion, seasonally adjusted, from
$27.46 billion in March. All categories shared in the advance, with auto credit
accounting for more than half of the overall gain. Liquidations also increased,
totaling $27.51 billion in April, up from $26.47 billion in March.
(Millions of dollars)
Installment credit
Apr. 1982 J Mar. 1982 | Apr. 1982 | Apr. 1981 iLatest 12 months
{Seasonally adj.)
|
(Not seas. adj.)
| (Not seas adj.)
1•IAmount extended:
28,684|
28,4491
333,005
27,462|
28,951|
I
I
I
{
Automobile
92,981
7,8711
8,2461
7 # 183|
7,9891
Revolving (1)
140,995
12,4161
11,6551
12,1431
11,273|
Mobile Home
5,797
5441
5371
596|
411|
Other
93,232
7,853|
8,011|
9,093|
7,725|
«
I
J
I
I
I
I
I
Amount liquidated:
27,509|
318,322
27,2171
26,353|
26,472|
I
1
I
I
Net change in amount
1
I
I
I
outstanding:
14,683 (3)
1.175!
2,598!
990|
1,2321
I
1
I
1
Automobile
(*»)
1,027!
2331
-28|
Revolving (1)
643|
<<*)
360J
307J
4991
Mobile Home
150|
(<*)
15|
1801
511
Other
38!
696|
1.0311
401!
3921
I
1
Amount outstanding,
I
1
I
I
end of month
I
(2)
1
(2)
I
313,6691
328,363|
(2)
|
NOTE: The Board*s series covers most short-and intermediate-term credit extended
to individuals through regular business channels, usually to finance the
purchase of consumer goods and services or to refinance debts incurred for
such purposes, and scheduled to be repaid (or with the option of repayment)
in two or more installments* Details may not add to totals due to rounding.
(D Credit cards at retailers, gasoline companies and commercial banks, and
check credit at commercial banks.
Nol applicable or not available.
(2)
A value for the unadjusted net change in outstandings appears also on the next
(3)
to last column on the next page, but may vary slightly, due to different
aggregation methods.
(<0 For values see the next to last column on the next page under the heading
"change from end of April 1981 amount n.s.a."
CONSOHEfi INSTALLMENT CBEDIT BT HOLDER AND TYPE -
Apr. 1982
(Millions of dollars)
E x t e n d e d
I
holder and type
Total
Apr.
1982
s.a.
Mar.
1982
s.a.
Apr.
1981
s.a.
28,684
27,462
29,271|
12,790
5,3431
3,010|
4,618]
8231
1,9151
12,519
5,002
2,631
4,536
| Apr.
|I
|
1982 |
| n.s.a. |
Net I O u t s t a n d i n g
chg 1
Apr.f
End of Change from end
I Apr.
11
I of Apr. 1981
| 1982 11 198211
Apr.
1982
I amount]
per| n.s.a. ji s.a. |
cent
n.s.a.
(1) 1 n.s.a.
L i g u i d a t e d
Installment credit by
Apr.
1982 I
s.a. i
Mar.
1982
s.a.
Apr.
1981
s.a.
28,4491
27*509
26,472
26,5491
27,217|i
12,834|
5,885|i
2,699|
4,23811
775|
1,84211
176|
12,694
4,799|
2,878
4,437I
12,353
4,329
2,753
4,365
151
12,379|
5,2181
3,181|
5,0024
985|
2,272J
234|
162
150
12,333|
3,965|
2,9091
4,471|
564|
2,131|
176|
12,6721
4,802|
2,881| 1
4,231|
62011
1,844|
167|
7,871|
7,183
7,459|
8,246|
7,638
7,211
6,811|
7,6031
3,499
2,079|
1,420|
1,542|
2,830
3,393
1,875|
1,518
1,420
2,370
3,692|
2,081|
1,611|
1,589|
2,1781
3,633|
2 # 135||
1,498|
1,374|
3,239|
3,658
2,0771
1,581 |
1,488
2,492
3,641
2,0051
1,6361
1,475
2,095
3,933|
2,208|
1#725|
1,447J
1,431|
3,685| -159J
2,103|
2|
1,5821 -161| I
1,461| 1
54| I
2,457| I 338|
11,836 |
11,443|
5,939
3,9121
1,985 I
5,337|
3,975|
2,131|
11751
328,363
14,694
<*.7
By aajor holder
Coaaercial banks
Finance companies
Credit unions
Retailers (2)
Savings and loans
Gasoline companies
Mutual savings banks
By major credit
[
i
185
618
1,9211
537
1,9851
146,616 I
90,674 I
45,450 I
26,537 |
12,081 |
4,227 |
-61
2,778 I
23| 1
2,936
9,641
1,060
274
1,289
-423
T83
Commercial banks
Indirect paper
Direct loans
Credit unions
Finance companies
Revolving
12,416
Commercial banks
Retailers
Gasoline companies
I
Mobile home
6,309
4,192 |
1/915
2.4
1.0
11.9
-9.1
-2.9
|
|
|
1
Other
Commercial banks
Finance companies
Credit unions
Retailers
Savings and loans
Mutual savings banks
I
|
I
I
I
12,143
12,3831
11,6551
11,917
2331
126,201
7,125
6.0
-2.3
58,458 I -1,391
34,920 |
632
1.8
23,538 I -2,023 I -7.9
|
507
|
2.4
21,733
46,010 I 8,010 I 21.1
499| i
58,641 I
2,925 I
5.2
5,888| !
3,773| I
1,844| 1
285J I
2201 |
-61 |
31,638 I
22,776|
4,227 |
2,758 I
590|
-423 |
9.5
2.7
-9.1
514 I
18,402 \
1,060 I
6.1
9,974 |
4,6081
3,336 1
484 1
-88 I
780 I
356 |
11 |
-.9
20.4
11.9
2.4
11,5051
5,994|
3,819| I
1,8421 I
6,024 I
3,372 |
1,921
593|
537|
493
396 1
410 J
499|
126 I
9I
293|
100|
184|
16|
243|
138| 1
143| I
13| 1
301
69 |
108 I
15 I
238 [
681
79 1
11 1
270|
42|
85{
131
306| I
781 I
100 r 1
151 1
7,853
7,725 I
8,836|
8,011|
7,461 I
7,029 !
7,885|
7,610| 1
392| I 125,119 |
3,584 I
2.9
2,729
2,391
1,450
426 |
672
185 |
2,735 |
2,512 |
1,202 1
463|
662 |
151|
2,802|
2,940]
1.5761
483|
801|
234|
2,964| 1
2,508| I
1,3121 I
419| I
632| I
176| I
2,711 |
2,238 |
1,375 I
465 |
510 |
162 |
2,535
2,166|
1,267 1
4531
458|
1501
2,793|
2,492|
1,449|
496|
479|
176|
2,793J 1
2,267J 1
1,4051 1
458) 1
520| 1
167| 1
18| |
153| |
75| 1
-391 |
162| |
23| |
46,546 I
40,056J
23,233 |
3,761|
8,745|
2,778|
1*657 |
851 I
542I
-316|
933|
-83 |
3.7
2.2
2.4
-7.8
11.9
-2.9
544
Commercial banks
Finance companies
Savings and loans
Credit unions
253
122
151 |
18
6,235
4,0731
1,835
5,592|
4,519|
2,272J
411 1
156 1
120 i
-481 |
53| |
431 1
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.
NOTE:
2.0
11.9
type
Automobile
(1)
(2)
788
1,835|
96|
544JI
13211
181|
205|
s.a. and n.s.a. denote seasonally adjusted and not seasonally adjusted data, respectively.
Details may not add to totals due to rounding.
@FedFRASER