Full text of G.19 Consumer Credit : November 7, 1989

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FEDERAL RESERVE statistical release
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For immediate release
November 7, 1989
G.19

CONSUMER INSTALLMENT CREDIT

Outstanding consumer installment credit increased $606 million in
September, following a $2.66 billion gain in August. Revolving credit
advanced at a slower rate than in August; "other" borrowings also rose
after little change the previous month. Automobile credit and mobile
home loans both declined in September.
Net change in
amount outstanding
(millions of dollars)
1989
Sep p
Aug r
Jul

Annual rate of growth
(percent)
1989
Sep p
Aug r
Jul

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

606
842
756
-91
785

2,657
3,370
-692

-56

-29

-0.9
-6.9
8.9
-2.8
-1.1

4.6
0.0
21.2
-35.1
-0.2

-505
-1,667
1,406

7

-189

1989-

Sep

Aug

Jul

1988Sep

Jun

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

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

12.13
15.45
14.13
18.07

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

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

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

12.42
16.22

12.22
16.31

11.94
16.37

11.96
16.45

12.93
15.46

52.9
46.2

52.9
46.4

53.0
46.5

56.3
46.5

90
96

91
97

91
97

94
98

11,949
7,874

12,108
7,988

12,065
7,921

11,530
7,903

Other terms at
auto finance companies
Maturity (months)
New car loan
53.1
Used car loan
45.8
Loan-to-value ratio (percent)
New car loan
88
Used car loan
96
Amount financed (dollars)
New car loan
11,841
Used car loan
7,856




CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
May
1989
S.A.

Sep
1988
S.A.

Sep p
1989
N.S.A.

Sep
1988
N.S.A.

700,849

698,132

646,556

708,847

651,759

323,621
145,488
89,852
60,092
41,798
3,936

324,438
146,055
90,073
59,920
41,649
4,017

323,363
145,523
89,890
61,311
41,323
3,897

310,132
143,019
84,900
62,502
42,349
3,655

329,615
147,207
91,128
58,700
41,171
4,052

312,195
146,258
85,908
62,291
41,296
3,811

37,270

35,557

34,696

32,826

n.a.

36,974

n.a.

287,691
126,921
88,317
42,803
17,695
11,955

288,533
126,597
89,439
42,747
17,603
12,147

288,526
124,881
90,213
42,624
17,972
12,835

290,192
125,592
91,184
42,684
18,032
12,700

290,741
125,118
90,976
42,687
18,566
13,395

279,243
120,525
97,257
41,250
20,211
n.a.

n.a.
128,292
91,214
n.a.
n.a.
11,955

n.a.
121,811
100,392
n.a.
n.a.
n.a.

195,153
117,894
11,000
37,355
3,886
5,288
19,731

194,398
117,012
11,206
37,134
3,976
5,244
19,827

191,028
115,967
11,176
36,963
3,936
5,192
17,795

189,622
115,561
10,951
36,814
4,017
5,162
17,117

186,502
115,407
11,008
36,504
3,897
5,109
14,578

168,273
112,691
9,614
37,682
3,655
4,632
n.a.

n.a.
117,635
n.a.
36,331
4,052
n.a.
19,731

n.a.
112,460
n.a.
36,655
3,811
n.a.
n.a.

22,846
8,793
5,087
8,966

22,938
8,808
5,100
9,030

23,630
8,830
5,624
9,176

23,685
8,847
5,674
9,163

23,952
8,878
5,684
9,390

26,185
9,119
7,334
9,732

n.a.
8,901
5,106
n.a.

n.a.
9,232
7,363
n.a.

197,916
73,791
50,784
41,949
21,239
4,866

197,132
73,718
49,847
42,025
21,390
4,855

197,161
73,944
49,650
42,036
21,769
4,835

197,349
74,438
49,197
42,228
21,773
4,834

196,936
73,960
48,863
42,094
22,347
4,819

172,855
67,798
38,428
39,018
22,945
4,667

n.a.
74,787
50,887
n.a.
n.a.
4,840

n.a.
68,692
38,503
n.a.
n.a.
4,641

5,288

5,296

4,927

4,879

4,853

n.a.

5,288

n.a.

Jul
1989
S.A.

Sep p
1989
S.A.

Aug r
1989
S.A.

703,607

703,001

700,344

327,399
144,188
90,039
58,900
42,221
3,886

326,135
144,386
90,016
59,229
41,989
3,976

36,974

Automobile
Commercial banks
Finance companies
Credit unions
Savings institutions
Pools of sec. assets 4/
Revolving 6/
Commercial banks
Savings institutions
Retailers
Gasoline companies
Credit unions
Pools of sec. assets 4/

Total

Jun
1989
S.A.

Major holder
Commercial banks
Finance companies 3/
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized
assets 4/
Major credit type 5/

Mobile homes
Commercial banks
Finance companies
Savings institutions
Other
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Pools of sec. assets
(incl. mobile homes) 4/

1. 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, 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 month. 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. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
4. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator.
5. 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.
6. Excludes 30-day charge credit held by travel and entertainment companies.
n.a.= Data not available.
S.A.= Seasonally adjusted.
r = revised.
p = preliminary.

N.S.A.= Not seasonally adjusted.

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




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