Full text of G.19 Consumer Credit : March 9, 1992
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..-j&S&i- 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 "other™ 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. The exact
