Full text of G.19 Consumer Credit : May 10, 1993
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release May 10,1993 Consumer Installment Credit G.19 The consumer installment credit data published with this release have been revised for the period January 1989 to date. These revisions incorporate benchmarks for most holders of credit as well as newly calculated seasonal factors for all types of credit. Revised historical data are attached. •^feS; FEDERAL RESERVE statistical release 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 ••°m&m-- For immediate release May 10, 1993 G. 19 CONSUMER INSTALLMENT CREDIT March 1993 Consumer installment credit grew $3.4 billion in March, following a $4.6 billion rise in February. The March increase was the eighth straight monthly rise in installment credit. Auto, revolving, and "other" credit all advanced in March. MONTHLY CHANGE IN CREDIT OUTSTANDING1 Seasonally adjusted Amount Type of credit (millions of dollars) 1992 Jan. Feb. 4,569 Total 3,103 Automobile 2,482 -1,164 Revolving 2,136 2,943 Other2 2,132 -856 Jan. 5.0 -5.4 10.1 11.3 Annual rate (percent) 1993 Feb. 7.4 11.5 13.8 -4.5 TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3 Percent except as noted, not seasonally adjusted 1992 Feb. Mar. Nov. Institution, terms, and type of loan Feb. Mar. 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. Mar. P 3,440 310 1,951 1,179 Mar.P 5.5 1.4 9.0 6.2 1993 9.89 14.39 12.93 18.09 n.a. n.a. n.a. n.a. 10.61 14.88 13.37 18.19 8.57 13.57 12.38 17.26 n.a. n.a. n.a. n.a. 10.19 14.00 10.92 14.19 10.79 15.06 10.32 13.90 9.95 13.21 53.8 48.0 54.3 48.0 54.1 47.0 54.3 49.0 54.6 49.0 89 97 89 97 88 96 91 98 90 98 13,340 8,912 13,137 10,042 13,245 9,029 13,849 9,457 14,013 9,641 CONSUMER INSTALLMENT CREDIT OUTSTANDING1 (Millions of dollars) 1993 1992 Type of credit and holder Mar. Apr. May June July Sept. Aug. Oct. Nov. Dec. Jan. Feb. Mar. P 734195 258208 251806 224181 736023 258860 252086 225077 741093 259627 254299 227167 744196 258463 256435 229299 748765 260945 259378 228443 752205 261255 261329 229621 Seasonally adjusted Total Automobile Revolving Other2 734434 262087 246324 226023 731736 260746 246987 224002 730612 259844 247205 223562 730866 257989 248795 224081 730496 258259 248980 223257 731023 258827 249384 222812 733023 259433 250456 223135 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 727624 726204 725317 727478 726917 731954 734884 734766 737651 756944 749153 746914 745187 328529 118387 91,164 42,998 35,370 3,988 107188 328184 118395 91,340 42,292 35,539 4,094 106360 327072 116168 91,605 42,202 35,731 4,193 108347 326502 116661 91,995 41,768 35,415 4,360 110776 326849 117024 92,248 41,813 34,646 4,506 109831 327170 117230 93,360 41,932 35,943 4,542 111777 327437 116669 94,644 41,317 35,925 4,499 114393 326472 116359 95,517 42,031 36,441 4,452 113494 325149 116558 96,092 42,746 36,678 4,365 116063 331869 117127 97,641 43,461 42,079 4,365 120402 330355 116009 98,261 43,428 40,057 4,366 116677 330060 112686 98,785 • 43,516 38,462 4,148 119257 330198 111854 99,856 43,255 38,111 4,080 117833 259659 111561 60,655 30,762 243076 128419 30,336 3,988 64,341 224889 88,549 57,732 5,034 12,085 259092 110924 61,717 29,554 243544 128389 30,493 4,094 64,365 223568 88,871 56,678 5,046 12,441 258700 110802 59,399 31,209 244236 127838 30,660 4,193 65,010 222381 88,432 56,769 5,071 12,128 257973 109212 60,056 31,029 246596 127700 30,319 4,360 67,403 222909 89,590 56,606 5,096 12,344 258457 110490 60,400 29,966 246332 127574 29,532 4,506 67,773 222128 88,785 56,624 5,114 12,092 260564 111048 60,393 31,132 248386 127063 30,797 4,542 68,805 223005 89,059 56,838 5,146 11,840 262042 111646 59,806 32,283 249421 126971 30,763 4,499 69,901 223422 88,820 56,864 5,162 12,209 260201 110447 59,290 32,065 249983 126992 31,254 4,452 69,285 224581 89,033 57,068 5,187 12,144 259148 109459 58,386 32,979 252877 127481 31,444 4,365 70,889 225626 88,209 58,172 5,234 12,195 259964 109743 57,605 33,878 267949 132582 36,629 4,365 74,243 229031 89,544 59,522 5,450 12,281 257744 109671 57,165 32,388 261217 129567 34,666 4,366 71,927 230192 91,117 58,844 5,391 12,362 259344 111005 54,036 36,031 258430 127877 33,110 4,148 72,024 229141 91,178 58,651 5,352 11,202 258896 111173 53,508 35,977 257879 128406 32,681 4,080 70,890 228412 90,619 58,346 5,430 10,966 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. . issued: tnese Daiances are no longer carried on the balance sheets of the loan briginators. OJINSUMfc^ llNS'lALLMlilNIT (JKfcDIT OUTSTANDING 1 (Millions of dollars) 1991 Type of credit and holder Dec. 1992 Jan. Feb. Mar. Apr. July Aug. Sept. Oct. Nov. Dec. 730496 258259 248980 223257 731023 258827 249384 222812 733023 259433 250456 223135 734195 258208 251806 224181 736023 258860 252086 225077 741093 259627 254299 227167 June May Seasonally adjusted Total Automobile Revolving Other2 733510 260898 243564 229048 735406 261553 245609 228243 734225 260666 246474 227085 734434 262087 246324 226023 731736 260746 246987 224002 730612 259844 247205 223562 730866 257989 248795 224081 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 749052 740143 732391 727624 726204 725317 727478 726917 731954 734884 734766 737651 756944 340713 121937 92,681 45,965 39,832 4,362 103562 336733 119241 91,895 45,136 37,311 4,377 105450 331876 120316 91,469 44,218 35,851 4,151 104510 328529 118387 91,164 42,998 35,370 3,988 107188 328184 118395 91,340 42,292 35,539 4,094 106360 327072 116168 91,605 42,202 35,731 4,193 108347 326502 116661 91,995 41,768 35,415 4,360 110776 326849 117024 92,248 41,813 34,646 4,506 109831 327170 117230 93,360 41,932 35,943 4,542 111777 327437 116669 94,644 41,317 35,925 4,499 114393 326472 116359 95,517 42,031 36,441 4,452 113494 325149 116558 96,092 42,746 36,678 4,365 116063 331869 117127 97,641 43,461 42,079 4,365 120402 261219 112666 63,415 28,915 256876 138005 34,712 4,362 63,595 230957 90,042 58,522 5,120 11,052 260767 111977 62,206 30,301 250234 133939 32,245 4,377 63,536 229142 90,817 57,035 5,066 11,613 258999 111448 61,959 29,100 245605 130738 30,812 4,151 63,818 227787 89,690 58,357 5,039 11,592 259659 111561 60,655 30,762 243076 128419 30,336 3,988 64,341 224889 88,549 57,732 5,034 12,085 259092 110924 61,717 29,554 243544 128389 30,493 4,094 64,365 223568 88,871 56,678 5,046 12,441 258700 110802 59,399 31,209 244236 127838 30,660 4,193 65,010 222381 88,432 56,769 5,071 12,128 257973 109212 60,056 31,029 246596 127700 30,319 4,360 67,403 222909 89,590 56,606 5,096 12,344 258457 110490 60,400 29,966 246332 127574 29,532 4,506 67,773 222128 88,785 56,624 5,114 12,092 260564 111048 60,393 31,132 248386 127063 30,797 4,542 68,805 223005 89,059 56,838 5,146 11,840 262042 111646 59,806 32,283 249421 126971 30,763 4,499 69,901 223422 88,820 56,864 5,162 12,209 260201 110447 59,290 32,065 249983 126992 31,254 4,452 69,285 224581 89,033 57,068 5,187 12,144 259148 109459 58,386 32,979 252877 127481 31,444 4,365 70,889 225626 88,209 58,172 5,234 12,195 259964 109743 57,605 33,878 267949 132582 36,629 4,365 74,243 229031 89,544 59,522 5,450 12,281 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. CONSUMER INSTALLMENT CREDIT OUTSTANDING1 (Millions of dollars) 1991 1990 Type of credit and holder Dec. Jan. Feb. Mar. Apr. May July Aug. Sept. Oct. Nov. Dec. 734723 268118 235442 231163 733442 266002 237265 230175 733322 263727 239679 229916 735573 263174 242483 229915 734202 261075 243358 229768 733510 260898 243564 229048 June Seasonally adjusted Total Automobile Revolving Other2 738765 284739 222552 231474 737520 282610 222324 232586 736773 280456 225169 231148 738638 278606 228833 231199 738687 275836 230940 231911 738122 272524 233234 232364 735918 269879 234155 231884 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 752883 741745 734830 731871 733244 732935 732783 731374 734775 735414 736309 736085 749052 347087 133258 93,057 52,164 43,464 4,822 79,030 340728 131523 91,771 52,056 40,714 4,766 80,186 338409 129026 90,691 52,180 38,460 4,404 81,660 334709 127103 90,040 52,652 37,478 4,296 85,593 335206 127673 91,413 51,556 36,750 4,357 86,290 333352 127852 91,549 50,546 35,300 4,507 89,829 331873 127492 91,924 49,781 34,657 4,591 92,465 332541 127280 91,560 48,918 34,280 4,712 92,083 333655 128668 92,471 47,754 34,850 4,857 92,521 333417 125335 92,819 46,871 34,025 4,753 98,194 335342 124336 92,412 47,511 34,080 4,529 98,099 333729 123264 92,204 . 47,116 35,370 4,388 100015 340713 121937 92,681 45,965 39,832 4,362 103562 284903 124913 75,045 24,620 234801 133385 38,448 4,822 45,637 233178 88,789 58,213 5,016 8,773 281631 124440 72,419 25,213 226592 127083 35,779 4,766 46,070 233522 89,205 59,104 4,935 8,903 278518 122501 70,111 26,953 224433 127259 33,599 4,404 45,853 231879 88,649 58,915 4,861 8,854 275894 120719 68,690 27,838 225822 126523 32,639 4,296 48,545 230155 87,467 58,414 4,839 9,210 273960 119569 68,697 26,850 227761 128230 31,913 4,357 49,106 231524 87,407 58,976 4,837 10,334 271292 118041 67,525 27,302 230378 128585 30,430 4,507 52,437 231266 86,726 60,328 4,870 10,090 269913 117566 67,939 26,217 232117 126961 29,776 4,591 56,058 230753 87,346 59,553 4,881 10,190 268378 116832 67,783 26,023 232936 127818 29,391 4,712 56,070 230061 87,891 59,497 4,889 9,990 267968 115641 68,790 25,648 236328 129277 29,952 4,857 57,049 230479 88,737 59,877 4,898 9,824 266537 114345 66,933 27,458 238677 129331 29,126 4,753 60,023 230201 89,741 58,402 4,899 10,713 265311 114149 66,225 27,666 240744 131299 29,177 4,529 59,900 230254 89,894 58,111 4,903 10,533 261555 113499 64,842 26,578 244243 130455 30,421 4,388 62,916 230286 89,775 58,422 4,949 10,521 261219 112666 63,415 28,915 256876 138005 34,712 4,362 63,595 230957 90,042 58,522 5,120 11,052 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, = revised, p = preliminary. Digitized for rFRASER CONSUMER INSTALLMENT CREDIT OUTSTANDING1 (Millions of dollars) 1989 Type of credit and holder Dec. 1990 Jan. Feb. Mar. Apr. May July Aug. Sept. Oct. Nov Dec- 738402 290247 216524 231631 739450 288257 218675 232519 740877 287477 220105 233295 740984 286757 221435 232792 742066 285694 223903 232469 738765 284739 222552 231474 June Seasonally adjusted Total Automobile Revolving Other2 724353 292536 198544 233273 726003 292302 201383 232319 728493 292348 204642 231503 728767 291934 206419 230414 730087 291069 208324 230694 732899 291037 211456 230405 734120 290497 212845 230777 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 736317 730188 726751 722370 725020 728116 731407 735610 741345 743410 741855 743952 752883 342770 138858 93,115 63,301 44,154 3,935 50,185 341319 138729 92,592 61,845 41,817 4,013 49,873 338333 137067 91,953 61,321 40,089 3,803 54,184 333046 135773 91,470 61,320 39,941 3,792 57,028 336026 136053 91,581 60,959 39,513 3,928 56,961 337475 136227 91,730 59,723 39,650 4,024 59,287 334138 136449 91,799 59,021 39,709 4,192 66,098 336658 137435 92,290 58,501 39,093 4,396 67,237 340525 137700 93,133 57,153 39,481 4,722 68,632 342698 138920 93,089 55,553 38,889 4,723 69,539 341580 139409 93,298 54,328 38,127 4,749 70,363 342534 136488 93,078 53,703 38,999 4,753 74,397 347087 133258 93,057 52,164 43,464 4,822 79,030 292379 126288 84,126 18,627 209441 130811 39,583 3,935 24,898 234497 85,671 54,732 4,571 6,660 291280 126919 83,349 18,264 205558 128481 37,275 4,013 25,072 233350 85,919 55,380 4,542 6,537 290198 126814 81,684 19,361 204207 125151 35,576 3,803 28,400 232346 86,368 55,383 4,513 6,423 288959 125814 81,006 19,998 203800 122322 35,401 3,792 30,394 229611 84,910 54,767 4,540 6,636 288883 126154 80,804 19,761 205628 124262 34,951 3,928 30,530 230509 85,610 55,249 4,562 6,670 289690 126752 80,462 20,487 208860 125619 35,042 4,024 32,251 229566 85,104 55,765 4,608 6,549 290608 126897 79,834 21,967 211002 122516 35,052 4,192 37,297 229797 84,725 56,615 4,657 6,834 290721 126475 80,173 22,303 214205 125248 34,414 4,396 38,096 230684 84,935 57,262 4,679 6,838 290703 127647 79,253 22,178 217696 126683 34,745 4,722 39,470 232947 86,195 58,447 4,736 6,984 290790 128268 79,978 21,560 219105 127415 34,135 4,723 40,819 233515 87,015 58,942 4,754 7,160 289192 127218 80,035 21,086 219763 127425 33,352 4,749 42,045 232900 86,937 59,374 4,775 7,232 286409 125647 76,524 23,600 224730 129752 34,152 4,753 43,661 232813 87,135 59,965 4,847 7,136 284903 124913 75,045 24,620 234801 133385 38,448 4,822 45,637 233178 88,789 58,213 5,016 8,773 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. CONSUMER INSTALLMENT CREDIT OUTSTANDING (Millions of dollars) 1988 Type of credit and holder Dec. 1989 Jan. Feb. Mar. Apr. July Aug. Sept. Oct. Nov. Dec. 707666 291561 186319 229785 711205 292002 189438 229765 713477 291364 190580 231533 718746 293296 192366 233083 722267 293781 195246 233240 724353 292536 1985M 233273 June May Seasonally adjusted Total Automobile Revolving Other2 662952 285463 174282 203207 687551 289224 175293 223034 690057 289498 176522 224037 693648 289205 179170 225273 697996 290495 180992 226510 702563 291720 182465 228378 705370 292078 184547 228745 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 673700 690556 687573 686912 692820 698017 702979 705582 713579 716269 719358 723709 736317 324792 144677 88,340 63,414 48,803 3,674 318934 139605 88,046 67,878 41,439 3,790 30,864 317887 138587 87,861 67,894 39,589 3,571 32,184 316413 137454 88,129 67,293 38,810 3,470 35,342 320593 138968 88,788 67,617 38,739 3,597 34,519 323055 140489 89,236 67,776 39,100 3,768 34,593 324967 142103 89,694 66,897 38,921 3,957 36,440 325893 142633 90,369 66,622 38,892 4,077 37,096 330488 143205 91,755 66,214 39,358 4,255 38,304 332502 144432 92,398 65,340 38,998 4,052 38,547 335220 141392 92,779 64,541 38,815 3,947 42,664 336537 140864 92,823 . 64,102 39,816 3,853 45,713 342770 138858 93,115 63.301 44,154 3,935 50,185 285421 123392 98,338 287793 121265 88,044 15,682 179067 114143 36,917 3,790 12,256 223696 83,526 51,561 4,522 2,926 286815 121554 86,842 16,177 176235 112734 35,157 3,571 13,194 224524 83,599 51,745 4,432 2,813 285746 121413 87,199 15,366 176795 112088 34,410 3,470 15,665 224371 82,912 50,255 4,400 4,311 287793 122304 88,159 14,715 178704 114262 34,378 3,597 15,554 226324 84,027 50,809 4,361 4,250 290161 123447 89,427 13,972 180154 115018 34,739 3,768 15,994 227702 84,590 51,062 4,361 4,627 292169 124596 90,561 13,261 182893 115580 34,556 3,957 18,526 227918 84,791 51,542 4,365 4,653 292229 124389 90,638 13,318 184278 116214 34,542 4,077 19,101 229074 85,290 51,995 4,350 4,677 294791 126571 91,269 12,606 188394 118083 34,983 4,255 20,630 230395 85,834 51,936 4,375 5,068 295110 126972 91,544 12,295 189494 119413 34,631 4,052 20,936 231666 86,117 52,888 4,367 5,316 295786 128215 88,008 15,545 190740 120410 34,468 3,947 21,539 232831 86,595 53,384 4,347 5,580 294673 128025 87,104 15,882 195827 122527 35,432 3,853 23,712 233209 85,985 53,760 4,384 6,119 292379 126288 84,126 18,627 209^41 130811 39,583 3,935 24.898 234497 85,671 54,732 4.571 6.660 184060 123020 43,833 3,674 204220 78,380 46,339 4,970 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, = revised, p = preliminary. Digitized forr FRASER