Full text of G.19 Consumer Credit : March 5, 1993
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FEDERAL RESERVE statistical release ••mSk: This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452-3206 For immediate release March 5, 1993 G. 19 CONSUMER INSTALLMENT CREDIT January 1993 Consumer installment credit increased $0.9 billion in January, following a revised $3.2 billion rise in December. The January increase was the fifth straight monthly rise in installment credit. An almost $2 billion increase in revolving credit in January more than offset declines in auto and "other" credit. MONTHLY CHANGE IN CREDIT OUTSTANDING1 Seasonally adjusted Amount (mill ions of dollars) Type of credit 1992 Nov. Dec. r 3,205 1,076 Total 894 2,357 Automobile Revolving 166 638 Other2 16 210 Nov. 1.8 4.2 0.8 0.1 Annual rate (percent) 1992 Dec. r 5.3 11.0 3.1 1.2 TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3 Percent except as noted, not seasonally adjusted 1992 Institution, terms, and type of loan Jan. Feb. Nov. Jan. Feb. Commercial banks Interest rates 48-mo. new car loan 24-mo. personal loan 120-mo. mobile home loan Credit card plan Auto finance companies Interest rates New car Used car Maturity (months) New car Used car Loan-to-value ratio New car Used car Amount financed (dollars) New car Used car Notes appear on reverse. 1993 Jan. P 904 -543 1,975 -529 1993 Jan.P 1.5 -2.5 9.4 -2.9 1993 n.a. n.a. n.a. n.a. 8.60 13.55 12.36 17.38 n.a. n.a. n.a. n.a. 8.57 13.57 12.38 17.26 10.04 14.34 10.19 14.00 9.65 13.37 10.08 13.72 n.a. n.a. 53.5 48.4 53.8 48.0 54.1 47.8 53.9 49.2 n.a. n.a. 89 97 89 97 89 97 90 97 n.a. n.a. 13,135 1 9.89 14.39 12.93 18.09 13,340 8,912 14,043 9,475 13,975 9,472 n.a. n.a. 9,007 CONSUMER INSTALLMENT CREDIT OUTSTANDING (Millions of dollars) 1992 Type of credit and holder Jan. Feb. Mar. Apr. May June 1993 Aug. Sept. Oct. Nov. Dec. r Jan. P 720664 256944 248043 215677 722104 257384 250017 214703 722372 256846 250454 215071 723448 257740 250620 215088 726653 260097 251258 215298 727557 259554 253233 214769 July Seasonally adjusted Total Automobile Revolving Other2 728618 263134 244288 221196 728395 261659 245974 220762 727404 262125 245259 220020 723821 260376 245905 217541 722928 259834 246220 216874 722919 257339 247418 218162 721820 257743 247332 216744 Not seasonally adjusted Total Major holders Commercial banks Finance companies Credit unions Savings institutions Retailers Gasoline companies Pools of securitized assets4 Major types of credit5 Automobile Commercial banks Finance companies Pools of securitized assets4 Revolving Commercial banks Retailers Gasoline companies Pools of securitized assets4 Other Commercial banks Finance companies Retailers Pools of securitized assets4 733294 725882 721091 718676 718420 719845 718599 ' 721985 724198 722760 725178 741381 732408 335320 119206 91,894 39,448 41,567 4,377 101482 330464 120280 91,469 38,479 40,015 4,151 101024 327697 118353 91,164 37,142 39,454 3,988 103293 326205 118364 91,339 36,499 39,553 4,094 102622 324791 116138 91,605 36,224 37,824 4,193 107645 324171 116690 92,340 35,782 37,438 4,360 109064 323899 117002 91,778 35,552 37,219 4,506 108643 323866 117175 92,270 35,378 38,791 4,542 109963 324046 116650 92,698 35,069 38,778 4,499 112458 324697 116304 92,228 34,148 39,299 4,452 111632 324529 116414 91,838 34,171 39,539 4,365 114322 329603 117086 92,648 33,861 44,952 4,365 118866 327035 113676 92,859 33,902 42,585 4,366 117985 261871 110707 62,204 29,460 249320 133839 36,953 4,377 60,087 222103 90,774 57,002 4,614 11,935 259723 110077 61,957 28,480 245088 130848 35,438 4,151 60,633 221071 89,539 58,323 4,577 11,911 259530 110047 60,655 29,942 242267 128550 34,892 3,988 60,953 219294 89,100 57,698 4,562 12,398 258449 109056 61,717 28,679 242708 128506 258665 108610 59,399 31,406 243315 128013 33,245 4,193 63,801 216440 88,168 56,739 4,579 12,438 257442 106645 60,056 31,024 245092 127925 32,844 4,360 65,784 217311 89,601 56,634 4,594 12,256 258104 107722 60,400 30,454 244661 127476 32,617 4,506 65,791 215834 88,701 56,602 4,602 12,398 259128 107978 60,393 30,826 247051 126922 34,167 4,542 66,985 215806 88,966 56,782 4,624 12,152 260395 108355 59,806 31,971 248692 127234 34,148 4,499 68,252 215111 88,457 56,844 4,630 12,235 259055 108068 59,290 31,757 248526 127257 34,654 4,452 67,699 215179 89,372 57,014 4,645 12,176 258539 107675 58,286 32,672 251422 128164 34,857 4,365 69,415 215217 88,690 58,128 4,682 12,235 260227 108581 57,604 33,593 264801 132921 40,064 4,365 72,695 216353 88,101 59,482 4,888 12,578 258308 108417 54,973 34,164 258450 129541 37,719 4,366 71,872 215650 89,077 58,703 4,866 11,949 34,989 4,094 61,190 217519 88,643 56,647 4,564 12,753 1. 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. Comprises mobile home loans and all other installment loans not included in automobile or revolving credit, such as loans for education, boats, trailers, or vacations. These loans may be secured or unsecured. 3. Interest rates are annual percentage rates as specified by the Federal Reserve's Regulation Z. Interest rates at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar week of the middle month of each quarter. Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans of each type purchased during the month. 4. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators. 5. Includes estimates for holders that do not separately report consumer credit holding by type, r = revised, p = preliminary.
