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

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FEDERAL RESERVE statistical release

For immediate release
March 7, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding rose $3.5 billion in
January, following a $4.3 billion increase in December. Automobile credit
expanded in January after posting virtually no change in December.
Revolving
credit growth, which has been volatile, slowed sharply in January.
"Other1'
loans outstanding advanced more in January than in December, while mobile home
credit continued to contract.
Net change in
amount outstanding
(millions of dollars)
— 1990—
1989
Jan p
Dec r
Nov

Annual rate of growth
(percent)
1990
1989 —
Jan p
Dec r
Nov

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

3,543
1,864

4,347

4,598

7.3

-89

453

243
-18

3,935

2,861
-380
1,664

-0.4
23.7
-0.5

1,453

-9
510

17.5
-19.9
10.0

3.0

-1989Nov

1990
Feb

7.8
1.9

Dec

Jan

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




11.80
15.27
13.91
18.12

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

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

11.94
15.42
13.97
18.07

11.76
15.22
14.00
17.83

n.a.
n .a.

12.64
15.77

13.27
16.10

13.27
16.09

13.07
15.90

n.a.
n.a.

54.7
45.5

55.1
45.5

55.1
45.6

55.7
47.4

n.a.
n.a.

89
95

89
96

89
96

92
98

n.a.
n.a.

12,381
8,040

12,301
8,096

12,279
8,063

11,819
8,022

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Jan p
1990
S.A.

Total

720,051

Dec r
1989
S.A.

Nov
1989
S.A.

Oct
1989
S.A.

716,508 712,160 707,562

Sep
1989
S.A.

Jan
1989
S.A.

704,371 682,020

Jan p
1990
N.S.A.

Jan
1989
N.S.A

723,137 684,674

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

337,009 334,541 332,675 330,746 327,327 316,797 338,710 318,287
141,481 140,484 141,396 141,273 144,188 141,795 141,013 141,194
90,367 89,717 89,677 89,856 89,892
87,093
90,250 86,980
57,229 57,285 58,264 58,890 59,883
62,867 57,160
62,792
42,724 42,744 42,554 42,319 42,221
40,986
44,623
42,804
3,811
3,835
3,828
3,804
3,886
3,655
3,952
3,790
47,429

47,902

43,766

40,675

36,974

28,827

47,429

28,827

Automobile
Commercial banks
Finance companies
Credit unions
Savings institutions
Pools of sec. assets 4/

290,975
128,662
83,836
43,094
17,193
18,189

289,111
127,028
83,572
42,784
17,210
18,517

289,200
128,654
84,707
42,720
17,504
15,615

288,747
128,238
84,814
42,761
17,692
15,243

287,754
126,759
88,317
42,733
17,990
11,955

286,382
122,160
87,968
41,707
19,506
15,042

n.a.
128,212
82,831
n.a.
n.a.
18,189

n.a.
121,732
86,913
n.a.
n.a.
15,042

Revolving 6/
Commercial banks
Savings institutions
Retailers
Gasoline companies
Credit unions
Pools of sec. assets 4/

203,418
122,624
10,688
37,810
3,811
5,435
23,050

203,175
122,364
10,698
37,804
3,835
5,396
23,077

199,240
119,254
10,881
37,639
3,828
5,351
22,286

196,379
118,801
10,998
37,435
3,804
5,319
20,021

195,302
117,868
11,183
37,355
3,886
5,279
19,731

176,716
111,133
10,479
36,176
3,655
4,785
10,489

n.a.
125,273
39,621
3,952
n.a.
23,050

n.a.
113,533
n.a.
37,909
3,790
n.a.
10,489

22,541
8,978
4,877
8,685

22,558
9,019
4,846
8,694

22,567
8,941
4,783
8,843

22,947
8,724
5,272
8,951

22,991
8,788
5,087
9,116

26,036
8,974
7,376
9,687

n.a.
8,949
4,848
n.a.

n.a.
8,945
7,331
n.a.

203,117
76,744
52,768
41,838
20,663
4,915

201,664
76,131
52,066
41,537
20,683
4,940

201,154
75,826
51,906
41,606
21,036
4,914

199,490
74,983
51,187
41,776
21,249
4,884

198,324
73,912
50,784
41,880
21,593
4,866

192,886
74,532
46,451
40,601
23,196
4,809

n.a.
76,276
53,334
n.a.
n.a.
5,002

n.a.
74,077
46,950
n.a.
n.a.
4,895

6,190

6,308

5,865

5,411

5,288

3,296

6,190

3,296

Major credit type 5/

Mobile homes
Commercial banks
Finance companies
Savings institutions

Other
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Pools of sec. assets
(incl. mobile homes) 4/

n.a.

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*1 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. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
4. Outstanding balances of pools upon which securities have been issued} these balances
are no longer carried on the balance sheets of the loan originator.
5. Not seasonally adjusted data are unavailable by type of credit for certain holders. In these
cases, the seasonally adjusted total for the holder group has been allocated among the
components using the latest available benchmark information.
6. Excludes 30-day charge credit held by travel and entertainment companies.
n.a.= Data not available. S.A.= Seasonally adjusted,
r = revised.
p = preliminary.

N.S.A.= Not seasonally adjusted.

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