Full text of G.19 Consumer Credit : November 8, 1982

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FEDERAL RESERVE statistical release
'••f^mf:-'

G.19

(421)

FOR IMMEDIATE RELEASE
November 8, 1982

CONSOHEB INSTALLMENT CREDIT - SEPTEMBEB 1982

Consumer installsent credit outstanding in September grew by $1.09 billion,
after seasonal adjustment, compared with a $66 million increase in August. The annual
rate of groarth vas 4 percent in September and 2 percent for the third guarter, following
a 4-3/4 percent advance in the second guarter.
Automobile credit accounted for most of the faster overall growth in September.
Auto credit outstanding increased $505 million on a seasonally adjusted basis, reversing
a $402 million decline in August. Revolving credit and the large "other" category
expanded somewhat faster in September, while mobile home credit grew more slowly than
in August.
(Millions of dollars)
Installment credit

I Sep. 1982 I Aug. 1982 ] Sep. 1982 I Sep. 1981 J latest 12 months
1
(Seasonally adj.)
1
| (Not seas adj.)
(Not seas.adj.)

Amount extended:

|

28,2681

i

Automobile
devolving (1)
Nomile Home
Other
Amount liquidated:
Net change in amount
outstanding:
Automobile
devolving (1)
Mobile Home
Other
Amount outstanding,
end of month

i

1
|
|
1
1
J
|
1

7,5461
12,4641
4521
7,8061
1
1
27,1761
1

1

1

1
1
|
1
1
t
1
J
1

1,092|
1
5051
210|
101
367J
J
!
(2)
1

27,5791
1
7,112!
12,4971
581J
7,389|
1
J
27,5131
1

28,988|

30,1581

I
7,9214
12,4941
4781
8,0951

1
1
26,848|
I
1
2,140|
1
804|
457|
37|
8421
1
1
335,9481

1
661

i
-4021
143J
1411
184|
1
1
(2)
1

9,164!
12,568)
5561
7,870|

!
1
26,1331
1
1
4,0251
1
2,222|
1,038|
1641
6011

331,863
91,052
145,099
5,536
90,176
324,104
7,759

(3)

(4)
(4)

(<*)
(4)

!

1
328,1871

(2)

INSTALLMENT CBEDIT FLOHS, QUARTERLY AVEBAGES
(Seasonally adjusted annual rates)
Total
installment
credit
Extensions
Liquidations
Net change




(Millions of dollars)
1982III J 1982II 1 19821
•I'I-

333,444!
326,5321
6,912|

350,472!
334,7801
15,6921

,

| 19811?

! 1981III !

-I13 2 6 , 0 0 0 | 323,4481
319,9681 317,T72|
6,276!
6,032(

•»-

344,076|
316,260!
27,816|

As percent of disposable
personal income
1982III J 1982II
| 1381III
1 19821
1 1981IV
111,,
16.7
15.4J
16.31
15.4|
15- 11
15.4
15.11
15.61
15.1!
14.8|
1.4
.3!
.7!
.3!

.3!

NOTE: The Board s series covers most short-and intermediate-term credit 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.
(D Credit cards at retailers, gasoline companies and commercial banks, and
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)
to last column on the nejtt page, but may vary slightly, due to different
aggregation methods.
values see the next to last column on the next page under the heading
<") For
"change from end of September 1981 amount n.s.a."




COMSOMEB IMSTAL1MEHI CBBDIT BX HOXOEB AND TTPE

Sep. 1982

(Billions of dollars)

E x t e n d e d

L i g u i d a t e d

Installment credit by
holder and type

total

I
|
j

Sep.
1982
s.a-

|
|
|

Aug.
1982
s.a*

|
|
4

Sep.
1981
a. a .

|

28,2681

27,579|

29,406 I

28,988

|
i
1
1
1
I
1

12,750|
4,894|
3,092|
4,684|
786|
1,876|
186|

12,499|
4,685J
2,904|
4.396|
863|
2,0211
211|

12,384 I
7,158 |
2,558 I
4,568 1
5731
2,035
130

13,196
4,862
3,471
4,364
826
2,067
202

1

7,546|

7,112|

9,000

7,921

1
1
1
1
1

3,702|
2,077|
1,625|
1.579|
2,265|

3,454|
1,957|
1,497|
1,499|
2.1591

3,218
1,932|
1,286
1,33 7 1
4,445

3,822
2,199
1,623
1.791
2,308

I

12,464|

12,497|

12,263

12,494

|
|
1

6,336|
4,252J
1,876|

6,512|
3,964|
2,0211

6,124
4,104
2,035

6,485
3,942
2,067

1

452|

581|

532

478

By major holder
Coaaercial banks
Finance companies
Credit unions
Betailers (2)
Savings and loans
Gasoline conpanies
Butual savings banks
By major credit type
Automobile
Coanercial banks
Indirect paper
Direct loans
Credit undone
Finance conpanies
Bevolving
Coanercial banks
Betailers
Gasoline conpanies

12,269|
4,779|
2.746|
4,624|
605|
1,9911
162|
I
I
I
7.041|
I
3.267|
1.745|
1.522|
1.420|
2,354|
I
12.2541

I

Met | i O u t s t a n d i n g
chg 1 |
Change froa end
Sep.|j
1982H
of Sep. 1981
aaount 1 p e r s. a. J |
n.s.a. |
cent
( D 11

s.a*
27.513

26,431

26,848| I

1 0 9 2 H 335,948

7,761 I

2-4

12,751
4.827
2.725
4,505
595
1,956
154

11,957
4,476
2,692
4,557
502
2,097
150

4 8 1 | | 148,280
12,1911 |
4,7121 1
1 1 5 | | 93,357
2 , 7 7 9 | 1 3 4 6 | | 46,846
4,2861 1
6 0 | | 26,829
6 0 8 | 1 1 8 1 | | 13,051
2 , 1 1 2 | 1 -11511
4,669
1601 1
24||
2,916

1,220 1
4,659 1
55 1
235 I
1,815 I
-338 I
115 !

*8
5.3
«1
.9
16.2
-6.8
4.1

7,514

6,921

7,1171 I

5 0 5 | | 129,085

3,382

3,600
2,086
1,514
1,434
2,480

3,622
2.011
1.611
1,419
1,880

3.2821 1
1,7461 1
1,536| 1
1,4601 (
2,375| 1

435||
33211
103(1
15911
-89H

58,762
35,449
23,313
22,402
47,921

-689
833
-1.522
27
4,044

12,354

11,692

12,0371 1

210M

6,350
4,048
1,956

5,531
4,064
2,097

6,0721 1
243||
3,853| 1
82U
2 , 1 1 2 | 1 -11511

Sep.
1981

I
I

1
1
|1
|1
|1
1

Sep.
1982
• s. a.

I
Sep.
[
1982
I n.s.a.

2.7
|
|
1
I

-1.2
2.4
-6.1
«1
9.2

60,932

2.614 I

4.5

33,104
23,159
4,669

2,418
534
-338

6.093|
4,170|
375
654
4411 1
440
1 0 | | 18,778
1,991|
I
-518
194|
291
256
261
9,723
2591 I
-67H
Coanercial banks
192
1
1911
442J
6711
32
Finance conpanies
134
85
751 |
20||
193|
4,953
112
1
105|
I
69
Savings and loans
95
87
3,604
941 1
54(|
181|
154
502
1
140|
258(
13
Credit unions
498
12
20
12
131 1
3f|
13|
1
1
16|
851
861
Other
7
,
6
1
1
|
7,443
127,153
7
,
2
5
3
1
1
3
6
7
(
1
|
7,806|
7,389|
8,095
7,205
1,111
131
2,543
9
2,751|
2,697
I
2,545
2,5781 I - 1 3 0 | | 46,691
Coaaercial banks
2,339|
1
2,521|
2,564
-561
2,5791
2,442
2,2621 1
Finance companies
2,333|
2,262
1 8 4 | | 40,483
1
2,5241
7.439|
1,260
28|
1,209|
1,660
1,306| 1
Credit unions
1,392|
1,279
1 8 4 | | 23,946
1
1,497|
J
464|
Betailers
457
3,670!
-299|
422
493
4331 1 - 2 2 | |
I
432|
432|
2,6511
Savings and loans
9,447
1,3141
478J
508
433
5141 !
|
646|
682|
672
127||
2.3401
Mutual savings banks 1
2,916
115|
130j
154
150
186J
160| 1
2111
202
24M
1.313|
4541
(1) Net changes for all nonths egual extensions minus liquidations 519|
(repayments, chargeoffs, and other credits).
12) Includes auto dealers and excludes 30-day charge credit held by162|
retailers and by travel and entertainment companies.
Mobile hone

MOTE:

s.a. and n.s.a. denote seasonally adjusted and not seasonally adjusted data, respectively.
Details may not add to totals due to rounding.

7.9
2.4
-6.8
3.6
-5.1
15.7
16.2
.1
..9
.0
-.1
-1
-7.5
1*.2
4.1