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FEDERAL RESERVE statistical release
4lRfc'

For immediate release
March 9, 1992
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding edged down $183 million in
January, following a $728 million decline in December. Mobile home and
"otherâ„¢ credit both fell in January. Automobile loans rose for the first
time since December 1990. Revolving credit, typically volatile at the turn of
the year, increased in January, following a slight dip in December.
Net change in
amount outstanding
(millions of dollars)
-1992Jan p

Annual rate of growth
(percent)

1991-

-1992Jan p

Nov

Dec r

1991
Dec r

Nov

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

-183
332
299
-453
-362

-728
-214
-162
57
-409

-170
-1,890
1,005
116
599

-0.3
1.5
1.5
-28.4
-2.1

-1992Feb

Jan

Dec

-0
-8,
5.
7
3.
-1991Nov

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 c a r l o a n
Loan-to-value r a t i o
New c a r l o a n

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

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

10.61
14.88
13.37
18.19

11.60
15.42
13.88
18.28

10.04
14.34

10.41
14.90

10.79
15.06

13.16
15.90

n.a.
n.a.

53.5
48.4

53.7
46.9

54.1
47.0

55.2
47.1

n.a.
n.a.

89
97

88
93

88
96

88
96

n.a.
n.a.

13,135
9,007

13,476
9,105

13,245
9,029

12,081
8,605

n.a.
n.a.

(percent)

Used car loan
Amount financed (dollars)
New car loan
Used car loan




9.89
14.39
12.93
18.09

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

Jan p
1992

Dec r
1991

Nov
1991

Oct
1991

Sep
1991

Jan
1991

Dec
1990

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

729,237

729,420

730,147

730,317

729,152

732,962

735,102

266,241
234,803
18,663
207,529

267,909
234,504
19,116
207,891

268,123
234,666
19,059
208,300

270,013
233,661
18,943
207,700

270,219
232,070
18,892
207,971

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

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

748,300

not seasonally adjusted
Total

733,019

743,548

732,256

730,722

732,184

736,399

335,608

340,930

334,904

335,258

335,509

341,426

347,466

.26,677 129,566
92,035
92,779
35,227 36,014
40,580 43,130
4,377
4,362

130,679
92,373
36,987
38,651
4,388

131,778
92,746
37,424
37,359
4,529

132,471
93,305
37,036
37,281
4,753

134,965
91,991
44,939
40,945
4,766

137,450
92,911
45,616
43,552
4,822

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

98,515

96,767

94,274

91,628

91,829

77,367

76,483

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

266,873
116,661
65,151
29,431

268,284
117,494
66,549
27,997

268,927
118,502
67,907
26,237

272,092
119,276
69,364
26,803

273,354
119,730
69,853
26,808

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

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

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

239,006
126,753
36,169
4,377
60,038

247,519
132,625
38,652
4,362
60,139

235,675
125,734
34,319
4,388
59,459

231,862
126,234
33,055
4,529
56,290

231,281
125,524
32,964
4,753
56,438

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

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

18,822
9,644
5,509

18,877
9,552
5,520

19,021
9,656
5,401

19,026
9,600
5,358

18,996
9,614
5,300

20,614
9,748
5,367

20,666
9,763
5,252

208,318
82,550
56,017
4,411

208,868
81,259
57,497
4,478

208,633
81,012
57,371
4,332

207,742
80,148
57,056
4,304

208,553
80,641
57,318
4,317

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

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

9,046

8,631

8,578

8,535

8,583

7,471

7,611

Major credit type 4/

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

1. The Board's series on amounts of credit cover 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 mid-month of each quarter. 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.

p = preliminary.

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




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