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FEDERAL RESERVE statistical release
*.f^Hesf.
For immediate release
November 7, 1991
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding declined $1.5 billion in
September, following a $0.9 billion decline in August; this latest drop marked
the fifth consecutive monthly decrease. Automobile credit again showed the
largest decline; mobile home and "other" loans also fell sharply.
Revolving
credit outstanding posted its largest dollar gain since March.
Net change in
amount outstanding
(millions of dollars)
1991
Sep p
Aug r
Jul

Annual rate of growth
(percent)
1991
Sep p
Aug r
Jul

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

-1,545
-2,251
2,407
-526
-1,175

-854
-1,659
1,255
-120
-329

-629
-931
462
-291
131

-2.5
-9.9
12.6
-32.4
-6.8

-1.4
-7.3
6.6
-7.4
-1.9

__199o—.
Sep

1991

Sep

Aug

Jul

-1.0
-4.1
2.4
-17.6
0.8

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
n
n
n

.a
.a
.a
.a

.
.
.
.

12.38
15.60

Other terms at
auto finance companies
Maturity (months)
New car loan
55.4
Used car loan
47.2
Loan-to-value ratio (percent)
New car loan
87
Used car loan
96
Amount financed (dollars)
12,46 0
New car loan
8,996
Used car loan




11.06
15.24
13.73
18.24

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

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

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

12.40
15.63

12.55
15.66

12.77
15.74

12.34
16.03

55.4
47. Z

55.5
47.4

55.5
47.3

54.3
46.1

88
97

88
96

88
97

85
95

12,518
8,902

12,572
8,989

12,343
8,916

11,837
8,403

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Sep p
1991

Aug r
1991

Jul
1991

Jun
1991

May
1991

Sep
1990

Aug
1990

seasonally adjusted
727,563

Automobile
Revolving
Mobile home
Other

729,108

729,962

730,591

732,289

735,547

733,844

269,655
231,860
18,970
207,078

Total

271,906
229,453
19,495
208,253

273,565
228,199
19,615
208,582

274,496
227,737
19,907
208,451

276,494
227,301
19,796
208,697

285,627
219,090
21,073
209,758

286,818
217,024
21,191
208,811

--not seasonally adjusted—
730,587

731,531

727,754

728,023

727,717

7 38,946

736,480

335,019
132,471
92,867
36,839
37,281
4,753
91,357

335,662
135,509
92,843
37,893
37,296
4,857
87,471

334,273
134,120
92,017
39,012
36,392
4,712
87,228

333,442
133,903
91,924
39,827
36,702
4,591
87,634

334,746
134,045
91,549
40,764
36,782
4,507
85,324

342,698
140,890
92,996
50,683
38,963
4,723
67,993

340,525
139,496
93,071
51,822
39,557
4,722
67,287

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

272,783
119,898
69,853
26,341

274,190
120,577
71,571
25,071

274,222
121,319
70,444
25,6 09

275,018
121,605
70,304
26,039

275,582
121,631
69,689
27,085

289,169
128,268
78,116
21,390

289,371
127,647
77,205
21,988

Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets 3/

231,072
125,374
32,964
4,753
56,438

229,224
125,787
32,962
4,857
54,017

226,145
124,645
32,076
4,712
53,094

225,596
124,106
32,381
4,591
52,897

224,301
126,047
32,458
4,507
49,667

218,279
127,415
34,528
4,723
39,606

216,633
126,683
35,101
4,722
38,194

19,074
9,714
5,300

19,468
9,534
5,700

19,639
9,552
5,669

19,875
9,652
5,652

19,721
9,386
5,595

21,195
9,263
5,423

21,185
9,338
5,358

207,658
80,033
57,318
4,317

208,649
79,764
58,238
4,334

207,748
78,757
58,007
4,316

207,534
78,079
57,947
4,321

208,113
77,682
58,761
4,324

210,303
77,752
57,351
4,435

209,291
76,857
56,933
4,456

8,578

8,383

8,525

8,698

8,572

6,997

7,105

Total
Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized assets 3/
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 Boardfs 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 bankfs "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.




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