Full text of G.19 Consumer Credit : November 7, 1980
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FEDERAL RESERVE statistical release
G. 19 (421)
FOR IMMEDIATE RELEASE
NOVEMBER 7, 1980
CONSUMER INSTALLMENT CREDIT - SEPTEMBER 1980
CONSUMER INSTALLMENT CREDIT EXPANDED BY $1.45 BILLION IN SEPTEMBER, SEASONALLY
ADJUSTED, EQUIVALENT TO A 5.8 PERCENT ANNUAL RATE OF GROWTH. ASIDE FROM THE NEGLIGIBLE
INCREASE IN AUGUST, THE SEPTEMBER ADVANCE WAS THE FIRST SINCE A $1.43 BILLION GAIN IN
MARCH. ALL CREDIT TYPES AND ALL CREDITOR GROUPS SHARED IN THE SEPTEMBER INCREASE. FOR
THE THIRD QUARTER AS A WHOLE, INSTALLMENT CREDIT EXPANDED AT A 1 PERCENT ANNUAL RATE, IN
CONTRAST TO THE 11-1/2 PERCENT RATE OF DECLINE IN THE SECOND QUARTER.
EXTENSIONS OF INSTALLMENT CREDIT INCREASED SHARPLY IN SEPTEMBER, TOTALLING
$27.31 BILLION, SEASONALLY ADJUSTED, UP FROM $25.60 BILLION IN AUGUST AND $20.70 BILLION
AT THE JUNE LOW. HOWEVER, THE SEPTEMBER VOLUME WAS BELOW THE PREVIOUS FEAK OF $28.63
BILLION IN SEPTEMBER 1979. LIQUIDATIONS ROSE MODERATELY TO A NEW HIGH OF $25.86
BILLION IN SEPTEMBER FROM $25.59 BILLION IN AUGUST.
(IN MILLIONS OF DOLLARS)
SEP. 1980 | AUG. .1980 | SEP. 1980 I SEP. 1979 ILATEST 12 MONTHS
(NOT SEAS.ADJ.)
I (NOT SEAS.ADJ.)
(SEASONALLY ADJ.)
I
INSTALLMENT CREDIT
AMCUNT EXTENDED:
AUTOMOBILE
REVOLVING (1)
MOBILE HCME
OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:
1-
27,3081
I
7,7131
10,8971
4851
8,2081
1
1
25,8581
25,6011
6,964|1
10,6521
3871
7,5981
1
1
25,5861
1
1,<*501
I
151
443]
3461
501
6111
1
1
1
174J
1421
-81
-293J
1
1
(2)
1
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT OUTSTANDING,
END OF MONTH
-I-
27,3021
26,9871
I
7,6481
10,4501
548J
8,3411
1
I
22,8981
7,6211
11,1201
504|
8,0571
1
1
25,8581
300,800
80,671
125,746
5,612
88,771
299,991
I
I
I
1,4441
4,0891
I
1,4141
1,1521
1331
1,3901
1
1
303,9021
1
2731
525J
68J
578J
1
1
304 ,7071
809
(3)
(<*)
<*>
(2)
INSTALLMENT CREDIT FLOWS, QUARTERLY AVERAGES
(SEASONALLY ADJUSTED ANNUAL RATES)
TOTAL
[NSTALLMENT
CREDIT
(MILLIONS OF DOLLARS)
1980III J 1980II
•I-
EXTENSIONS
LIQUIDATIONS
NET CHANGE
309,6241
306,2001
3,4241
1 19801
•I-
257,940|
293,4681
-35,528|
| 1979IV
1321,5921
301,1761
20,4161
J
AS PERCENT OF DISPOSABLE
J
PERSONAL INCOME
J 1979III J 1980III l 1980II J 19801
\ 1979IV
'I-
319,320|
295,5521
23,7681
-I-
332,2601
294,9201
37,3401
117.1|
16.91
.21
"J-
14.7J
16.7J
-2.01
•I-
18.5J
17.3|
1.2J
1 1979III
-I"
19.01
17.61
1.41
NOTE: THE BOARD'S SERIES COVERS MOST SHORT- AND INTERMEDIATE-TERM CBEDIT EXTENDED
TO INDIVIDUALS THROUGH REGULAR BUSINESS CHANNELS, USUALLY TO FINANCE THE
PURCHASE OF CONSUMER GOODS AND SERVICES OR TO REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID (OR WITH THE OPTION OF REPAYMENT)
IN TWO OR MORE INSTALLMENTS. DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.
CREDIT CARDS AT RETAILERS, GASOLINE COMPANIES AND COMMERCIAL EANKS, AND
(D
CHECK CREDIT AT COMMERCIAL BANKS.
NOT APPLICABLE OR NOT AVAILABLE.
(2)
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
(3)
10 LAST CCLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TC DIFFERENT
AGGREGATION METHODS.
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
(<M
"CHANGE FROM END OF SEPTEMBER 1979 AMOUNT N.3.A."
20.3
18.0
2.3
CONSUMER INSTALLMENT CREDIT BY HOLDER AMD TYPE -
SEE. 1980
(IN MILLIONS OF DOLLARS)
HOLDER AND TYPE
TOTAL
j
;L I Q U I D A T E D
I
E X T E N D ED
INSTALLMENT CREDIT BY j
SEP.
1980
S.A.
AUG.
1980
S.A.
SEP.
1979
S.A.
|
SEP.
1980
N.S.A.
||
||
)|
SEP.
1980
S.A.
|
|
AUG.
1980
S.A.
I
I
I
SEP.
1979
S. A.
27,308
25,601
28,634
27,302| i
25,858
25,586 !
24,1881
I
SEP. 1 I SEP.1 [ END OF
|
1980
| | 1980| I
SEP.
| N.S.A. | | S.A.I |
1980
! 1 (1) I | N . S . A .
11,905
5,359
2,733
4,422
726
2,033
130
10,893 I
5,204
2,354 I
4,375
605
2,078 I
92
13,172
5,489 1
3,363 1
4,082 1
678 1
1,734 I
116
12,040| I
5,020| I
2,9671 1
4,1811 |
701J |
2,246| |
* 147| 1
11,737
4,731 |
2,721 1
3,9981
544 |
2,003 1
124
11,326 1
4,709 1
2,657I
4,263 I
529 1
1,977 1
125
11,6511
3,716!
2,952|
3,6391
471|
1,607|
152|
7,718
6,964
8,430 f
7,6211 I
7,275
6,790
6,607|
3,928
2,124 I
1,804 I
1,444 |
2,346
3,499
1,895 I
1,604 I
1,224 I
2,241 I
4,544 i
2,569 1
1#975 1
1,655 I
2,231 I
3,863| I
2,116| I
1#747J I
1,558| 1
2,200| 1
3,905
2,112 I
1,793 |
1/447 I
1,923
3,762
2,082 1
1,680 1
1,376 I
1,652
3,782|
2,027|
1#755|
1/437|
1/3881
10,699 1
11,120| |
5,1961 1
3,678| I
2,246| J
BY MAJOR HCIDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS (2)
SAVINGS AND LCANS
GASOLINE COMPANIES
MUTUAL SAVINGS BANKS
[
BY MAJOR CREDIT TYPE
AUTOMOBILE
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE COMPANIES
|
10,897
REVOLVING
COMMERCIAL EANKS
RETAILERS
GASOLINE COMPANIES
1
MOBILE HCME
COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNIONS
OTHER
(2)
10,551
5,071
3,477 I
2,003
10,510
9,642|
4,815
3,718
1,977
4,852|
3,183|
1,607|
5,005
3,859 I
2,033
4,785
3,789 I
2,078
5,398
3,567 1
1,734
485
387
531
504| i
435
395
442|
230
84 I
158
13
202
59 I
117
9
294
69 1
148
20
239| |
89| 1
161J |
15| I
259
56
107
13
254,
41
88]
12
284)
52|
91J
151
8,057| I
7,597,
7,891,
7,4971
8,208
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
SAVINGS AND LCANS
MUTUAL SAVINGS BANKS
(1)
|
10,652
2,742
2,929
1,276 I
563
568
130 I
7,598
2,407
2,904 1
1,121
586
488
92
8,974
2,936,
3,189
1,688
515
530
116|
2,7421
2,7311
1,394|
503 |
540|
147|
I
I
I
i
1
1
2,502,
2,752|
1,261|
521 i
437|
124|
2,495j
3,016|
1/2691
545|
441|
125]
1 1 NET 1 | 0 U T S T A N D I N G
2,7331
2,2761
1,500|
4561
3801
1521
ICHANGE FROM END
1 OF SEP . 1979
| AMOUNT! PERI N.S.A.(
CENT
2 5 , 8 5 6 | | 14 501 | 3 0 4 , 7 0 7 1
I
1
1
J
11/7931 1 168| | 141,037 1
4 , 6 3 0 1 1 6281 |
74,8231
2,7521 1
12| |
43,5621
3,8741 |
424| I
26,372 1
5431 |
182| |
11,5481
2,143! 1
30| I
5,205 1
123| 1
2,160 I
6J I
1
1
1
7 , 3 4 8 | 1 4431 1 1 4 , 3 3 4 1
1
3,9461 1
60,287
23J
2,134! 1
34,612 1
12|
1/812! 1
25,675 1
111
1/**551
-31{
20,831 1
1/9471
423 |
33,216
1
10,5951
52,651
346 |
5,0581
3,394|
2,143|
I
436J
1
2621
54JI
107| |
1311
11
7,479M
I1
2,527|!
2,629){
1/284|1
4801 I
4361 1
1231 |
8051
-7,620| -5. 1
10,001|
15.4
-5,652| -11.5
1/9261
7.9
1/576J
15.8
961| 22.6
-387| -15.2
-4311
-.4
-8.4
-5,526|
-2,655| -7.1
-2,8711 -10. 1
-2,7031 -11.5
7,798!
30.7
2,229!
4.4
-66li
382 1|
301 i
27,252,
20,194|
5,205
-194 |
1,4621
961|
-.7
7.8
22.6
50 J |
17,928|
823|
4.8
-291|
2811
5111
9,945j
3,601|
3,9191
463 (
611||
119,794]
240| |
177| J
15|(
42||
131||
6)1
.1
51
343 1 1 0 . 5
535|
15.8
- 6 0 ! "11e5
-1,816|
S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.
DETAILS MAY NOT ADD TC TOTALS DUE TO RCUNDING.
-1.5
-4.2
43,553] - 1 , 9 0 5 !
38,006|
1 ,860 I
5.1
22,268| -2,889| -11.5
6,1781
464|
8.1
7,629|
1,041|
15.8
2,160|
-387! -15.2
NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGECFFS, AND OTHER CREDITS).
INCLUDES AUTO DEALERS AND EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILSRS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.
NOTE:
.3
@FedFRASER