Full text of G.19 Consumer Credit : May 12, 1986

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FEDERAL RESERVE statistical release
For immediate release
May 12, 1986

G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding increased by a seasonally adjusted $3.7 billion
in March, following a $5.0 billion gain in February. The annual rate of growth in March was
8.1 percent, down from 11.1 percent the month before. In the first quarter, outstanding
credit rose at a 12.2 percent annual pace after increasing 18 percent in 1985.
Growth in automobile credit slowed sharply again in March to $1.1 billion from
$2.7 billion. Revolving credit expansion was a little faster than in February while the
increase in all other (mobile home plus "other") borrowing was not much changed.

Net change in
amount outstanding
(millions of dollars)

Annual rate of growth
(percent)
1986

1986
FLOWS OF CREDIT
(seasonally adjusted)

Mar.*

Feb,

Total
Automobile
Revolving
Mobile home
Other

3,713
1,088
1,467
232
926

5,008
2,682
1,042
112
1,173

Jan.

7,655
4,179
1,386
-90
2,181

1986

Mar.*

Feb.

Jan.

8.1
6.1
14.6
10.9
5.9

11.1
15.3
10.4
5.3
7.5

17.2
24.3
14.1
-4.3
14.2

1985

1985

TERMS OF CREDIT
(not seasonally adjusted)
Interest rates 1/
Commercial banks 2/
48-mo. new-car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies 3/
New-car loan
Used-car loan

Mar.

Feb.

Jan.

Dec.

Mar.

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

12.29
15.52
14.57
18.48

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

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

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

10.51
16.63

9.70
16.74

9.99
16.60

12.52
17.22

12.65
17.78

51.3
42.5

51.2
42.8

52.1
41.4

52.2
41.3

92
95

92
95

92
95

91
93

10,074
6,194

10,064
6,165

9,925
6,255

9,232
5,976

Other terms at
auto finance companies
Maturity (months)
51.0
New-car loan
42.4
Used-car loan
Loan-to-value ratio (percent)
90
New-car loan
95
Used-car loan
Amount financed (dollars)
10,306
New-car loan
6,207
Used-car loan




CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 4/
Millions of dollars except as noted
Net change during month
Mar.p
1986

F eb•r
1986

D .A •

D • A*

Outstanding at end of month

Mar.p
1986
N.S.A.

Mar.p
1986
S.A.

Mar.p
1986
N.S.A.

Mar.
1985
N.S.A,

Change from end of
Mar. 1985
Amount

Percent

3,713

5,008

2,118

551,474

545,613

470,061

75,552

16.1

715
1,421

1,415
2,284

-181
1,266

582
787
347

621
758
80

620
947
-300
-234

218,606
99,133
68,012
43,314
37,176
3,820

11.3
26.6
12.0
32.9

-149

243,348
125,511
76,200
57,560
39,258
3,736

24,742
26,378
8,188
14,246
2,082

-139

245,386
127,422
77,012
57,835
39,844
3,975

-84

-2.2

Automobile
Commercial banks
Finance companies
Credit unions
Savings institutions

1,088
-452
1,107

2,682

253
190

214,431
93,376
79,416
31,344
10,295

n.a.
92,358
77,902
n.a.
n.a.

n.a.
86,657
56,717
n.a.
n.a.

n.a.
5,701
21,185
n.a.
n.a.

n.a.

237
197

n.a.
-268
1,297
n.a.
n.a.

Revolving 7/
Commercial banks
Savings institutions
Retailers
Gasoline companies

1,467
1,100

1,042

n.a.

-93

161
345

962
156
73

n.a.
63,758
n.a.
33,046
3,820

n.a.
20.2
n.a.

-149

n.a.
76,652
n.a.
34,617
3,736

n.a.
12,894
n.a.
1,571

-139

122,190
77,053
5,974
35,188
3,975

-84

-2.2

Mobile home
Commercial banks
Finance companies
Savings institutions

232
-29
166
94

112
18
36
57

n.a.
9,343
9,177
n.a.

n.a.
9,487
8,981
n.a.

n.a.
-144

n.a.
-1.5

196

2.2

n.a.

25,714
9,447
9,327
6,940

n.a.

n.a.

Other
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers

926
96
148
345
334
2

1,173

n.a.

96
348
368
354
7

237

189,139
65,511
38,678
45,668
34,626
4,656

108,068
64,995
38,432
n.a.
n.a.
4,641

96,269
58,704
33,435
n.a.
n.a.
4,130

11,799
6,291
4,997
n.a.
n.a.

12.3
10.7
14.9
n.a.
n.a.
12.4

Total
Major holder
Commercial banks
Finance companies 5/
Credit unions
Savings institutions
Retailers
Gasoline companies

5.6

Major credit type 6/

339
1,899

n.a.
-271
-234
n.a.

-57
76

-107
n.a.
n.a.

-29

511

6.6
37.4
n.a.
n.a.

4.8

1. Interest rates are annual percentage rates as specified by Regulation Z.
2. Commercial bank data are simple unweighted averages of each bank's "most commmon" rate
charged during the first calendar week of the month.
3. 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.
4. 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.
5. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
6. 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.
7. Excludes 30-day charge credit held by travel and entertainment companies.
n.a.- Data not available.
S.A.* Seasonally adjusted,
r s revised.
p « preliminary.

N.S.A." Not seasonally adjusted.

The G.19 Statistical Release is issued around the middle of each month.
may be obtained by calling (202) 452-3206.




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