View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

..a&SSfc

FEDERAL RESERVE statistical release
*«USSY:

For immediate release
November 8, 1990
G.19

CONSUMER INSTALLMENT CREDIT

Consumer credit outstanding increased $3.0 billion in September,
as it had in August. Revolving credit growth, although less than in August,
remained strong. Auto loans outstanding were about unchanged in September.
All "other" borrowings increased at about half the August pace and mobile home
loans declined.
Net change in
amount outstanding
(millions of dollars)
1990--Sep p
Aug r
Jul

Annual rate of growth
(percent)
1990
Sep p
Aug r
Jul

CHANGE IN CREDIT, BY TYPE 1/
(seasonally adjusted)
otal
Automobi1e
Revolving
Mobile home
Other

3,001

163
1,905
-219
1,152

3,056
-1,508
2,354

4,728
-377
3,776

180

63

2,030

5.0
-6.3
13.3
9.5
117

4,9
0.7
10.7
-11 .4
6.6

1,267

7.8
-1.6
21.7
3.3
7.4

1990
bep

Aug

1989Sep

Jun

Jul

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.

11.89
15.46
14.09
18.18

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

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

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

12.34
16.03

12.62
15.98

12.68
15.96

12.58
16.00

12.42
16.22

54.8
46.2

54.9
46.2

54.8
46.2

53.1
46.2

86
96

86
96

87
95

88
96

11,939
8,415

12,125
8,401

12,108
8,296

11,841
7,856

Other terms at
auto finance companies
Maturity (months)
54.3
New car loan
46.1
Used car loan
Loan-to-value ratio (percent)
85
New car loan
95
Used car loan
Amount financed (dollars)
11,837
New car loan
8,403
Used car loan




CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Sep p
1990

Aug r
1990

.
Total

Jul
1990

Jun
1990

May
1990

Sep
1989

Aug
1989

-seasonally adjusted

735,386

729,329

724,601

724,485

705,703

703,518

285,446
216,397
22,757
210,787

Automobile
Revolving
Mobile home
Other

732,385
285,283
214,492
22,976
209,635

286,791
212,138
22,795
207,605

287,168
208,362
22,733
206,338

288,931
207,153
22,815
205,585

288,839
190,378
22,661
203,825

289,961
189,185
22,734
201,638

not seasonally adjusted
Total

737,430

734,511

727,196

722,953

720,045

708,370

705,908

344,699
.40,890
91,852
51,930
36,659
4,723
66,677

342,987
139,496
91,306
52,399
37,231
4,722
66,370

339,124
138,796
90,631
52,503
36,804
4,396
64,942

335,998
138,642
90,137
52,902
37,382
4,192
63,700

339,328
138,384
89,913
53,301
37,347
4,024
57,748

332,502
146,296
91,285
59,556
37,400
4,052
37,279

330,488
145,033
91,017
60,243
37,942
4,255
36,930

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

289,442
128,956
78,116
20,971

288,221
128,079
77,205
21,562

287,479
126,986
77,716
21,692

287,254
126,988
78,273
21,043

287,140
127,056
78,927
20,151

293,114
126,972
90,217
11,785

292,948
126,571
89,968
12,072

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

214,449
126,901
32,212
4,723
39,196

213,119
125,967
32,735
4,722
38,194

209,592
124,569
32,325
4,396
36,786

206,820
122,116
32,884
4,192
36,076

204,854
125,433
32,857
4,024
30,913

188,684
119,413
32,961
4,052
19,731

187,917
118,083
33,503
4,255
19,327

22,900
9,392
5,423

23,033
9,541
5,358

22,873
9,443
5,328

22,644
9,296
5,266

22,610
9,295
5,224

22,808
9,121
5,106

22,800
9,046
5,119

210,639
79,450
57,351
4,447

210,138
79,400
56,933
4,496

207,252
78,126
55,752
4,479

206,235
77,598
55,103
4,498

205,441
77,544
54,233
4,490

203,764
76,996
50,973
4,439

202,243
76,788
49,946
4,439

6,510

6,614

6,464

6,581

6,684

5,763

5,531

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 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. 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 working day of each month.
date and time may be obtained by calling (202) 452-3206.




The exact