Full text of G.19 Consumer Credit : October 6, 1976

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FEDERAL

RESERVE

statistical

release
FOR IMMEDIATE RELEASE
OCTOBER 6 t 1976

G.19

CONSUMER INSTALMENT CREDIT - AUGUST 1976
CONSUMER INSTALMENT CREDIT OUTSTANDING EXPANDED IN AUGUST BY $1.40 BILLION,
AFTER SEASONAL ADJUSTMENT, UP SOMEWHAT FROM THE $1.30 BILLION GROWTH IN JULY. THE
AUGUST EXPANSION WAS BELOW THE $1.49 BILLION NET CHANGE IN DECEMBER 1975, WHICH
WAS THE LARGEST MONTHLY INCREASE RECORDED DURING THE CURRENT ECONOMIC RECOVERY
PERIOD. THE BIGGEST ADVANCE ON RECORD IS $2.09 BILLION IN FEBRUARY 1973.
SEASONALLY ADJUSTED AUTOMOBILE CREDIT OUTSANDING EXPANDED $621 MILLION
IN AUGUST, UP MODERATELY FROM THE JULY NET GAIN. MOBILE HOME CREDIT OUTSTANDING
CONTINUED TO CONTRACT AND BANK REVOLVING CREDIT SHOWED SMALLER GROWTH IN AUGUST,
WHILE "ALL OTHER1* CREDIT EXPANDED MORE THAN IN THE PRECEDING MONTH*
EXTENSIONS OF INSTALMENT CREDIT, SEASONALLY ADJUSTED, REBOUNDED IN
AUGUST TO A NEW HIGH $15.69 BILLION, PACED BY A NEW HIGH OF $4.71 BILLION IN
AUTO CREDIT EXTENDED. LIQUIDATIONS INCREASED IN AUGUST, ALSO TO A NEW HIGH,
SLIGHTLY ABOVE THE PREVIOUS HIGH IN JUNE.
CONSUMER INSTALMENT CREDIT -

AUG. 1976

(IN MILLIONS OF DOLLARS)
INSTALMENT CREDIT, TOTAL

AMOUNT EXTENDED:
AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT LIQUIDATED
NET CHANGE IN AMOUNT
OUTSTANDING:

I
AUG. 1976 | JULY 1976
(SEASONALLY A D J . )

I
15,685)

I

4,7121
2411
4001
2,1831

4131
7,737|
I
I
14,2821
I
I
I t 4031

AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT OUTSTANDING,
END OF MONTH
NOTE

(1)
it)
(3)
(4)
(5)

(6)

I
15,2401
I
4,477|
2821
3811

2,1521
4011
7,5461

I
I
13,9371

I
I

I

14,3941

I

I
4,3131
3071
4121
lt741|
343»

5,0831
284|
466|
2,2701
4321

8,130|
I
I
14,1781
I
I
2,4861

I

6211

I

1,0061

556|
-371
191

-151
110|

39|
86|
-6|

714|
I
I

1711
271
5671

I
I

I

16,6641

It3031

-511

(2)

I
I
I
LATEST
| AUG. 1 9 7 6 I AUG. 1975 I
12 MONTHS
|
(NOT SEAS.ADJ.)
KNOT SEAS.ADJ.)

I

199|
34|

ltl52|
I
I
171,1601

7,2781

I
I

12t715|
I
I

180,365
54,500
3,324
4,825
23,856
4,636
89,225
165,407
14,959

It6791

I
588|

-5|
961
2041
39|
757|

I
I

(6)
(6)
16)
(6)
(6)
(6)

(2)

(2)
|
156,2001
CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT- AND INTERMEDIATE-TERM CREDIT
EXTENDEO THROUGH REGULAR BUSINESS CHANNELS TO FINANCE THE PURCHASE OF GOODS
AND SERVICES FOR PERSONAL CONSUMPTION, OR TO REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID I N TWO OR MORE INSTALMENTS.
MORTGAGE CREDIT IS EXCLUDED.
BANK ChECK CREDIT AND OTHER BANK REVOLVING CREDIT.
NOT APPLICABLE.
RETAIL STORES AND CATALOG ORDER.
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS* AND AUTO DEALERS.
A VALUE FOR THE UNADJUSTED NET CHANGE I N OUTSTANDINGS APPEARS ALSO ON THE NEXT
T
° L A S T C ° t U M N m T H E N E X T P A 6 E » B U T M A Y V A * * SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODS.
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
"CHANGE FkOM END OF AUGUST 1975 AMOUNT N . S . A . *




(5)

CONSUMER INSTALMENT CREDIT BY HOLDER AND TYPE -

AUG. 1*76

(IN MILLIONS OF DOLLARS)

E X T E N D E D

1
11
AUG. | 1
1976 | 1
.S.A. | 1
1

L I Q U I D A T E D

INSTALMENT CREDIT, BY
HOLDER AND TYPE

14,048

TOTAL
BY HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS (2)
OTHERS (3)
BY CREDIT TYPE
AUTOMOBILE, TOTAL
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS (3)

COMMERCIAL BANKS
FINANCE COMPANIES
HOME IMPROVEMENT, TOTAL
COMMERCIAL BANKS
REVOLVING
BANK CREDIT CARD
BANK CHECK CREDIT
TOTAL

COMM. BANKS, TOTAL
PERSONAL LOANS
FINANCE C O S . , TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

111
<2>
(3)

2,3131
2,548|
3721
I
I
I
4,7121
I
2,7621
1,4801
1,282!
9371
928|
84|

6,648
2,707
2,056
2,479
158

4,477
2,680

1,417
1,263
891
879
27

4,143
2,461
1,338
1,122
811
840
31

186|

54|
I
400|
I
2421
I
I
I
2,1831
4131
I
7,737|
I
1,7021
1*1971
1,9701
1,607|
1,338|
^,548|

1801

14,282 1

13,9371

II
II
II
II

I

I
I
I
I

7,9941 I
3,1261|
2,6481 I
2,566H
328||

II
II
II

5,0831|

II

2,9591|
1,6001|
1,359||

1,005||
1,0601|
59||

II
II
II

I
I
I

MOBILE HOME

ALL OTHER,

7,487|
2,965|

16,6641|

223
59

207
61

223M
61||

381

371

466||

240

227

2,152
401

1,743
341

7,546

7,181

1,661
1,174
1,907
1,535
1,403
2,533
43

1,668
1,168
1,832
1,502
1,169
2,479
32

II

I

i
i
6,970|
2,7961
1,9271
2,3651
224|

I
I

2,417|
2201
I
I
I

4,0901

3,922 1

I
2,3851

1,3211
1,0641
874|
7921
39|

I
I
I

2,3541

1,3571
9961
7841
7451
391

I
I
I

2511

361|

3621

I

II

I
2161

2,270||
43211

I

2221
701

289| |

II
II
II

6,7391
2,5971
1,9641

681

I

I
218|

13,2111
I

I
I
6,2901
2,6511
1,764|
2,2981
207|

I
»
I
3,8841

I

2,3991
1,3951

1,0041
691|
7551
39|

I
I
I

2421
751

I

3281

I

I
I
I

I
I
I

2021

2,0971
419|

1,9811
374|

1,6331
3271

I
I
I

II

I

I

8,1301|

7,0231

6,979|

6,7211

1,8221 I
1,305||

1,6311
1,1511

1,5601

1,4861
1,0491
It8791
1,549|
9811
2,298)
77|

II

2,056||
1,697||
1,53011
2,5681|

15411

I

1,8441
l,50l|
1,0981
2,3651
85|

I

1,104|
1,737|
l,392|

1,1831
2,417|
821

I
I

NET M O U T S T A N D I N G
CHG ||
AUG.|f END OF CHAixGfc hKON £Nb
1976|| AUG.
OF AUG. 1*7:>
S.A.I | 1 9 7 6
AHOUNT
HtR
N
.S.A.
<1) | |N . S . A .
CENT

14,1781 i 1403|I 1 7 1 , l o O




9.o }

6,9631
2,7541
1,9261
2,317|
2181

5181 | 82,961
1691 1 38,398
386 M 26,956
1831 | 16,911
3,934
1481 I

6,440
2,443
4,913
739
425

6.4
6.8
20.4
4.6
12.1

4,0771

6211 I

58,665

7,204

14.0

2,4221
1,3471
1,0751
8301
7851
4011

377| |
159| I
2181 I
621 1
1361 |
461 |

34,414
19,404
15,010
12,748
11,024
479

3,498
1,127
2,371
1,766
1,875
65

11.3
6.2
16.6
16.1
20.5
15.7

228| !
71| I

-35 I I
-16| I

8,379
3,323

-397
-128

-4.5
-3.7

3561 i

39| |

8,562

678

8.o

21811

251 1

5,263

365

7.5

86| |

9,924
2,870

1,377
199

16.1
7.5

6,9781 | 714| | 7 9 , 4 3 8

6,027

8.2

22,112
15,308
22,192
18,275
17,060
183 1 i 16,911
1,163
961 )

1,398
1,174
625
927
2,890
739
175

6.7
6.3
3.9
5.3
20.4
4.6
17.7

2,070||
398| I

1,627||
1,14511
1,847||
1,50111
1,10511
2,31711
82||

~6| j

711
46|
126!
106|
2401

I
I
I
I
1

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGEOFFS, AND OTHER CREDITS).
EXCLUDES 30-OAY CHARGE CREDIT HELD BY RETAILERS, OIL AND GAS COMPANIES, AND TRAVEL AND ENTERTAINHENT COKPANIES
AMOUNTING TO $2265 MILLION AT THE END OF AUGUST. THIS REPRESENTS A DECREASE OF $2 MILLION FROM THE END OF
JULY ON A SEASONALLY ADJUSTED BASIS AND AN INCREASE OF $29 MILLION ON AN UNADJUSTED BASIS.
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.
NOTE:

14,960

S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.