Full text of G.19 Consumer Credit : March 12, 1982

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RESERVE statistical release
•.f^ftr^
FOB IHflSOIAlE BELE1SE
March 12, 1982

G.19 (421)

CONSOHEB INSTALLMENT CBBDIT - JANOABY 1982

Consumer installment credit outstanding grev by $443 million in January, after
seasonal adjustment, following a decline in December of $33 million (revised) • The
annual rate of increase in January vas 1-1/2 percent, compared with a gain of 6-1/2
percent for all of 1981 and about 1/2 percent in 1980.
Small seasonally adjusted declines in outstandings Here recorded during January
in the automobile, mobile home, and revolving credit categories, but a rebound in the
large "other" category carried the total to a net gain. "Other" credit includes personal
cash loans, home improvement credit, and sales finance contracts for nonautomotlve
durable consumer goods.
Extensions in January increased to $26.89 billion, seasonally adjusted, from
$26.66 billion in December. Liquidations declined to $26.45 billion from $26.69 billion.
Both extensions and liquidations for December vere revised downward.
For both 1980 and 1981, the commercial bank, retailer, and gasoline company
components have been revised to new benchmarks. On balance, the rate of growth in total
consumer installment credit after revision was little changed from originally published
figures.
(Millions of dollars)
Jan. 1982 | Dec. 1981 J Jan. 1982 J Jan. 1981 |Latest 12 months
(Hot seas.adj.)
| (Hot seas adj.)
(Seasonally adj.)
|
-I,
26,656J
22,5741
26,8881
Amount extended:
23,223J
335,692
I
I
I
I
Automobile
5,8961
7,352|
7,4741
5,772|
94,528
Bevolving (1)
10,3201
11,5921
11,0701
10,747|
139,708
flobile Home
313|
5081
434|
2941
6,047
Other
6,045|
7,204!
7,9101
6,410|
95,409
I
I
I
i
1
J
I
I
Amount liquidated:
26,445|
25,8141
26,689|
25,9361
316,325
I
I
J
1
Net change in amount
1
1
I
1
19,367 <3)
outstanding:
-2,713|1
443|
-3,2401
-33J
(tt)
I
Automobile
1
J
-1,0611
(4)
Bevolving (1)
-7961
-1211
68|
-906|
<<*)
-120|
-196|
Mobile Home
59|
-1,6161
(1)
-736|
-261
Other
143|
-88|
786J
1
-303|
-630|
Amount outstanding,
I
i
I
1
12)
1
1
end of month
310,760!
I
(2)
I
(2)
I
330,135!
NOTE: rhe B o a r d 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.
Credit cards at retailers, gasoline companies and commercial banks, and
(D check
credit at commercial banks.
Not 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.
For values see the next to last column on the next page under the heading
(4)
''change from end of January 1981 amount n.s.a."
Installment credit




CONSUflER INSTALLMENT CREDIT BY HOLDER AND TYPE

Jan. 1982

(Millions of dollars)

E x t e n d e d

I* i q u i d a t e d

I

Installment credit by
holder and type

Total

I
I
I

Jan. |
1982 |
s.a. j

Dec.
1981
s.a.

!

26,8881

1

11,775|
4,433|
3,326|
4,385|
716|
2,000|
253|

26,656 I
1
1
1
1
13,264
4,089
2,517 I
4,142 1
588 1
1,931 1
125 1
1
1

By aajor holder
Connercial banks
Finance companies
Credit unions
Betailers (2)
Savings and loans
Gasoline companies
Mutual savings banks

1
1
1
|

By najor credit type
7,474|

Autonobile

!
|

7,352
1

3,696|
2,293|
1,4031
1,702|
2,076|

Connercial banks
Indirect paper
Direct loans
Credit unions
Finance companies

11,070|

Bevolving
Connercial banks
Betailers
Gasoline conpanies
Bo bile hone
Connercial banks
Finance conpanies
Savings and loans
Credit unions

5,135|
3,9351
2,O00J

3,978
2,489
1,489
1,345 1
2,029
11,592
5,961
3,700|
1,931

Jan. I Jan. |
1981 I 1982 1
s.a. j n.s.a. I
27,4661
1
1
1
J
10,8041
5,904|
2,994|
4,673|
715|
2,1301
246|
1
1
1
7,343|
1
2,704|
1,291|
1.<»13|
1,592|
3,047|
I
11.5351

,

434|

508

j
I
|
|

188|
99|
122|
25|

308
106|
86]
8

5,237!
4,168|
2,130!
1
392(
1
180J
81!
119|
12!

|

7,910|

7,204|

8,196|

Jan.
1982
s.a.

]
1
j

Dec.
1981
s.a.

I

| Net |I 0 u t s t a n- d i n g
1 chg |
Jan. 1 Jan. j j Jan.!1 End of Change fr on end
1981 1
1982 1 1 19821 1 Jan.
of Jan. 1981
s.a. l n.s.a. j 1 s.a.|1 1982
amount| pern. s. a. | cent
1 (D 1 1 n.s.a.

22,574(

26,4451

26,689 !

26,260!

25,814! 1

19,375!

6.2

10,473|
3,348!
2,4921 1
3,486!
573|
2,058!
144|

11,7651
5,0301
2,6371
4,3581
544!
1,961|
1501

12,104
4,503 1
2,886
4,480 1
531
2,029]
156 1

11,8241
4,7911
2,706|
4,264|
483|
2,0241
1681

3,085!
11,6111 1
10|I 148,162
4,241! 1 -597! |
88,925 11,794|
2,306|
2,539| 1 689| |
45,907
740|
4,8581 1
27||
28,179j
5041 1 172|I 11,668
1,645|
1,920| 1
391 1
4,541 1 - 1 2 7 |
141| 1 103| |
-68|
2,753

2.1
15.3
5.3
2.7
16.4
-2.7
-2.4

5,896|

7,595|

7,284

7,312!

6,8021 1 -121|I 125,525

9,747|

8.4

3,027|
1,840!
1,187! 1
1,302|j
1,567!

3,5931
2,0611
1,532!
1,357!
2,645!

3,742
2,076
1,666
1,545 I
1,997

3,863|
2,1181
1,745!
1,3861
2,063!

3,359| I 103|1
1,908| 1 232|I
1,051| 1 -129| |
1,324! 1 3451 1
2,119| 1 -569||

58,849 -1,275|
723|
35,029
23,820 -1,9981
1,1031
21,953|
9,9191
44,723

-2.1
2.1
-7.7
5.3
28.5

11,533

10,944|

11,936! | -196|1

61,433

3,8771

6.7

5,494
4,010
2,029

5,144!
3,7761
2,0241

5,624| 1 -2761 1
4,3921 1
41| |
1,9201 1
391 1

32,643
24,249
4,541

2,9381
1,066|
-127|

9.9
4.6
-2.7

4601

365

4511

401! J

-261 1

18,397

1,195|

6.9

262!
931
92|
13|

227
57
711
10

300|
661
73|
12|

2351 1
82| 1
73| 1
111 1

-741 |
6||
30| i
12||

10,206
4,481
3,222j
488

-23!
7401
454|
25|

-.2
19.8
16.4
5.3

10,320!
5,157|
3,105| 1
2,058!
313!
141!
69|
9211
111

11,2661
5,4111
3,894|
1,9611

443|I 330,135

!
Other

6,045J

7,124|

7,507

7,553|

6,6751 1

786!| 124,780

4,556|

3.8

2,148|
1,71211
1,179|
381||
481||
144!

2,499|
2,2921
1,2671
4641
452!
1501

2,641
2,449|
1,331|
470
460|
156

2,517|
2,6621
1,308|
4881
410|
1681

2,393| 1
2,040! i
1,204| 1
466| 1
4311 1
141| 1

257||
-34|1
3321 1
-14J |
142! !
1031 1

1,4451
1,135|
1,179|
-326|
1,191|
-68J

3.2
2.9
5.3
-7.7
16.4
-2.4

!
Connercial banks
Finance conpanies
Credit unions
Betailers
Savings and loans
Mutual savings banks
(1)
(2)




I
J
|
,
J
|

2,756|
2,258|
1,599|
450|
594|
253|

3,017
1,954|
1,164|
442|
502|
125|

2,683|
2,776!
1,390|
505!
596|
246|

46,464
39,7211
23,466|
3,930|
8,446
2,753J

Net changes for all nonths equal extensions ninus liquidations (repaynents, chargeoffs, and other credits).
Includes auto dealers and excludes 30-day charge credit held by retailers and by travel and entertainnent conpanies.
NOTE:

s.a. and n.s.a. denote seasonally adjusted and not seasonally adjusted data, respectively.
Details nay not add to totals due to rounding.

Federal Reserve estimates of consumer installment credit have
been revised for commercial banks, retailers, and gasoline companies, for
varying parts of the period from 1980 to date. These changes reflect
adjustment of sample based estimates to recent benchmarks* and computation
of new seasonal factors for all holders, including finance companies,
savings and loan associations, and mutual savings banks for which benchmark
adjustments will be made at a later date.
The cumulative effect of the benchmark changes has been to raise the
estimate of total consumer installment credit outstanding on December 31, 1981,
by about $312 million, or 0.1 percent. The following table indicates the
revised data compared with previously published figures.
CONSUMER INSTALLMENT CREDIT OUTSTANDING
By holder and type, December 31, 1981
Amounts in millions of dollars

Revised

Previously
Published

All holders
Commercial banks
Finance companies
Credit unions
Retailers
Savings and loans
Gasoline companies
Mutual savings banks

333,375
149,300
89,818
45,954
29,551
11,598
4,403
2,751

333,063
146,792
89,818
45,954
30,717
11,598
5,433
2,751

All types
Auto
Revolving
Mobile homes
Other

333,375
126,431
63,049
18,486
125,409

333,063
125,754
65,354
18,487
123,468

Change
Amount
Percent

312

0.1
1.7

2,508
—
—
-1,166
—
-1,030
—

—
—
-3.8
—
-19.0
—

312
677

0.1
0.5

-2,305

-1

-3.5
—

1,941

1.6

Revised data for the period 1980 to date may be obtained from
Mrs. Nellie Middleton, MAC Finance Section, Division of Research and
Statistics, Board of Governors of the Federal Reserve System, Washington, D.C.
20551, phone (202) 452-2924.







Total
Extensions
S.A.

Total
Liquidations
S.A.

1980-JAN... |
-FEB... |
*flAfl • • •|
-APB... |
-HAY... |
-JON... |
-JOL...J I
-AUG... I
-SEP.*. |
-OC1...Ii
-NOV.-.jj
-DEC... I

27894. I
27566. I
25892. |
23202. |
22142. |
2233 7. |
24445. |I
26521. |I
26879. |I
26868. ||
25950. j
26915. i

25259. |
25196. |
25238. |
24957. |
24789. j|
24408. I
25007. I
25734. |
26027. |
26466. |
25333. |1
25566. |

1981-JAN... I
-FEB... |
*"J3A£i« • « (|
-APB...||
-MAY... I
-JON...,
-JUL... I
-AUG...|
-SEP...;I
-OCT...]|
-NOV...;|
-DEC...j

27466. ,
28682. j|
29370. ||
29271. ||
28377. |
29223. j
28290. |
28323. |
29406. j
26836. |
27370. |
26656. I

26260. I
26837. ||
26399. jI
26549. |
26806. j
27192. |I
26739. |I
25895. |I
26431. |
25834. I
26770. |I
26689. I

Total
Total
Net Change Outstanding
S.A.
.___i)^^^^^^__

2635.
2370.
654.
-1755.
-2647.
-2071.
-562.
787.
852.
402.
617.
1349.

|
|
|
]|
|
|
I
I
|
I
||

310920.
310033.
309004.
307632.
305599.
304207.
304055.
306369.
307549.
307556.
308296.
313472.

1206. I
1845. jI
2971. |I
2722. |I
1571. jI
2031. jI
1551. |I
2428. jI
2975. |I
1002. |
600. |I
-33. II

310760.
309385.
311071.
313669.
315679.
318792.
320656.
324161.
328187.
328652.
329053.
333375.