Full text of G.19 Consumer Credit : October 5, 1979

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

'#228Ui-.

FEDERAL

RESERVE

statistical

release
FOR IMMEDIATE RELEASE
OCTOBER 5, 1979

G.19 (421)

CONSUMER INSTALLMENT CREDIT - AUGUST 1979
CONSUMER INSTALLMENT CREDLT OUTSTANDING EXPANDED BY $2.45 BILLION IN AUGUST,
VIRTUALLY THE SAME AS IN JULY. THE ANNUAL RATE OF GROWTH, SEASONALLY ADJUSTED, WAS
CLOSE TO 10 PERCENT FOR THE THIRD MONTH IN A ROW, FOLLOWING AVERAGE GROWTH OF 15 PERCENT
DURING THE FIRST HALF OF 1979 AND 19 PERCENT DURING ALL OF 1978.
EXTENSIONS AND LIQUIDATIONS BOTH ROSE IN AUGUST BY ABOUT $735 MILLION, AFTER
SEASONAL ADJUSTMENT. EXTENSIONS TOTALLED $27.58 BILLION, THE LARGEST AMOUNT SINCE THE
RECORD $27.90 BILLION IN MAY, WHILE LIQUIDATIONS REACHED A NEW HIGH OF $25.14 BILLION.
THE NET EXPANSION OF AUTOMOBILE CREDIT, WHILE WELL BELOW THE PACE OF A FEW
MONTHS AGO, WAS LITTLE CHANGED FROM JULY. GROWTH OF REVOLVING CREDIT BOUNCED BACK UP
AFTER A WEAK JULY AND EXPANSION OF THE LARGE "OTHER" CATEGORY SLOWED. MOBILE HOME
LENDING WAS SOMEWHAT STRONGER IN AUGUST.
(IN MILLIONS OF DOLLARS)
INSTALLMENT CREDIT

I AUG. 1979 t JULY 1979 | AUG. 1979 I AUG • 1978 |LATEST 12 MONTHS
I (SEASONALLY ADJ.i
I
(NOT SEAS.AOJ .)
1 (NOT SEAS.ADJ.)

AMOUNT EXTENDED:

1

27,5831

i

AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:
AUTOMOBILE
REVOLVING (1)
MOBILE HOME
OTHER
AMOUNT OUTSTANDING,
END OF MONTH

1
1
1
1

1
1
I

i

7,6671
10,3711
6551
8,8901

26,8481
1
7,4471
9,6561
519|
9,0261

1
1

25,1371

1
1

(
i
I'
|

1
1
2,446|
j

24,4051

1
1
1
1

5941
7871
1821
8831

616|
4291
721
1,3261

1
1
1

1
1

(2)

|

J1
2,4431
i

1
1
<2J

|

28,3131

317,430

8,788]
9,4881
6221
9,4151

92,250
114,966
6,356
103,858

25,7471>

22,5961

277,224

4,7611

5,7171

40,206

i#399|
1,3761
2531
1,7331

2,3981
1,0761
136|
2,107|

(4)
(4)
(4)
(4)

299,8131

259.6141

(2)

30,5001

1
8,7751
11,0731
7581
9,9021

1
1
1
1

1
1

NOTE: THE BOARD'S SERIES COVERS MOST SHORT- ANO INTERMEOIATE-TERM CREOIT EXTENOED
TO INDIVIDUALS THROUGH REGULAR BUSINESS CHANNELS, USUALLY TO FINANCE THE
PURCHASE OF CONSUMER GOODS ANO 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.
111
CREOIT CARDS AT RETAILERS, GASOLINE COMPANIES AND COMMCRCIAL BANKS, ANO
CHECK CREDIT AT COMMERCIAL BANKS.
(2)
NOT APPLICABLE OR NOT AVAILABLE.
(3)
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODS.
141
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
"CHANGE FROM END OF AUGUST 1978 AMOUNT N.S.A."




(3)

CONSUMER

INSTALLMENT CREDIT BY HOLDER AND TYPE -

AUG. 1979

(IN MILLIONS CF DOLLARS)

1

E X f E N D E D
INSTALLMENT

CREDIT

HOLDER AND

BY

TYPE

I
1

1
TOTAL

BY MAJOR

HOLDER

BY MAJOR CREDIT

TYPE

1
i
I

1

1
1

27,5831
1

1
1

1
1

i

C O M M E R C I A L BANKS
FINANCE C O M P A N I E S
CREDIT UNIONS
R E T A I L E R S (2)
SAVINGS AND LOANS
GASOLINE COMPANIES
MUTUAL SAVINGS BANKS

AUG.
1979
S.A.

i

1
i
1
1
1
1

12,7001
5,1331
3,3611
3,9211
728j
1,6401
1001

1
1

1
1

1

7,6671

AUTOMOBILE

1
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT UNIONS
FINANCE C O M P A N I E S

1
1
1

MOBILE

1

HOME

1

1
I

OTHER

•

AUG. 1
1
1979 1 1
I
1 N.S.A. 1

1
26,8481

25,6691

1

1
25,1371

I
12,2551
4,3481
3,3791
3,7251
4351
1,3171
2101

14,1931
5,6621
3,9201
3,9891
8291
1,8021
1131

1

1
1
|
7,4471

1
1
1

30,5081 1

1
1
1
|
12,2921
5,3531
3,2821
3,6871
5921
1,5251
1171

AUG.
1979
S.A.

1
1
1
1
11,8341
4,5841
2,9701
3,5891
4751
1,524|
1611

JULY
1979
S.A.

1

24,405

AUG.
1978
S.A.
22,037

25,747)

7,7441

8,7751

11,630 1
4,168
2,940
3,507
472
1,523
165 1

10,470
3,612
2,766
3,383
328
1,318
160

12,0501
4,7631
3 , 06 11 |
3,5881 !
4941 1
1,6261

1651

|
1
|

6,831

6,140

7,0731
j
3,9131
2,0881
1,8251
1,4841
1,676|

3,864
2,1001
1,764
1,4281
1,539

3,703
2,047
1,656
1,345
1,092

4,0331
2,1431
1,8901
1,5231
1,8201
9,6971
j
4,9131

7,3761

9,0281

11,0731

9,5841

9,427

8,291

5,0781
3,2531
1,5251

4,3461
3,365|
1,3171

5,7681
3,5031
-1,8021

4,9151
3,1451
1,5241

4,775
3,129
1,523

3,938
2,9851
1,318

I
1
6551

5191

5311

7581

473 1

447

452

3101
751
127|
19|

4361
761 |
220|
261

3031
541
1001
161

280
60|
92
15

290
68
81
13

3621
671
2061
201
i
8,8901

|

J

2971
711
1331
181

i
9,0261

1
8,3661

9,9021

1

2,9731
3,1451
1,6801
4701
5221
1001

2,9811
3,3821
1,6531
434|
4591
1171

2,9391
2,8211
1,7281
3601
308|
2101

3,3931
3,3411
1,9601
486|
6091
113J 1

8,0071

2,7031j

15.5

17,690|
866 j J 147,312
5491 1
63,362 12,80*1
391] 1
48,631
5,1321
332 1 1 24,114
2,0211
2531 1
9,760
1,8131
116| 1
4,048
6941
-611 1
2 , 5 86
451

13.6
25.3
11.8
9.1
22:8
20.7
1.8

15,6641

16.0

5941 1 113,351

i

i
1
5,2801
3,4511
1,6401

|

40,1991

24*6 1 1 299,813

1
I
1
|

|
1
1

1

! CHG 1

AUG. | A U G . 11 END OF ICHANGE FROM END
1 1979 | ( 1979J 1 AUG. I OF AUG. 1978
AMOUNT| PER1 N.S.A. | 1 S.A.I 1 1979
II m i 1 N.S.A. N.S.A.I CENT

4,5961
2,555|
2,0411
1,9341
2,2451

i

COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT UNIONS

AUG.
1978
S.A.

1 1 NET j i 0 U T S T A N D I N G
~* i

4,6601
2,5621
2,0981
1,6321
1,452 1

10,3711

COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES

1
1
1

3

3,9361
2,1511
1.7851
1,6111
1,9001
1
9,8561

4,0851
2,2761
1,8091
1,6611
1,9211

1
REVOLVING

JULY
1979
S.A.

L I Q U I D A T E

1
1
1
1
1

65,389
36,887
28,502
23,255
24,707

6,9361
4,220|
2,7161
2,4541
6,2741

11.9
12.9
10.5
11.8

7871 1

49,270

7,64i|

18.4

3651 1
306| 1
1161 1

26,782
18,440
4,048

5,4681
1,4791
6941

25.7
8.7
20.7

5051

1821 1

16,972

1,1731

7.4

3251 1
571
1061
171

59 11
131 1
1061 1
41 1

373J
1301
6161
54)

3.9
4.2
ii.7

15,7211

15.0

|

3,1581
1,6261

1721
18S1
-161
1771
2451

j

7,700
2,711
2,569
1,497 1
378
380
165 1

7,154
2,489
2,452
1,406
398
247
160

|

1

9,912 1
3,231
3,312 1
517

NOTE:




1
|
i
|
|

2,854|
1,4701
4441
3751
1611

zz.a

1
8,1691

1

8831 1 120,220

2701 1
45,229 1 4,9131
2,7791
2911 1
3 5 , 4 2 4 1 6,400|
2,8861 1 2101 1
24,859 1 2,624|
1,5211
5,674 1
26 1 1
5421
4301 1 1471 1
6,448 1
1,1971
3881
-611 1
2,566
451
1651
(IT "NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS• LIQUIDATIONS (REPAYMENTS, CHARGEOFFS, AND OTHER CREDITS)
m
INCLUDES AUTO DEALERS AND EXCLUDES 30-0AY CHARGE CREDIT HELD BY RETAILERS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.
COMMERCIAL BANKS
FINANCE C O M P A N I E S
CREOIT UNIONS
RETAILERS
SAVINGS AND LOANS
MUTUAL SAVINGS BANKS

34.0

S. A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY
DE TAILS MAY NOT ADD T.O TOTALS DUE TO ROUNDING.

12.2
22.1
11.8
10.6
22.8
1.8