Full text of G.19 Consumer Credit : October 6, 1977

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FEDERAL

RESERVE

statistical

release

'%A[9^>''
FOR IMMEDIATE RELEASE
OCTOBER 6, 1977

G.19

AUGUST 1977

CONSUMER INSTALMENT CREDIT

CONSUMER INSTALMENT CREDIT OUTSTANDING INCREASED BY $2.51 BILLION DURING
AUGUST, UP FROM THE $2.32 BILLION ADVANCE DURING JULY, BUT BELOW THE RECORD
$2.85 BILLION INCREASE OF LAST MARCH. ALL FIGURES ARE ADJUSTED FOR SEASONAL
VARIATION.
THE AMOUNT OF CREDIT EXTENDED INCREASED BY $563 MILLION DURING AUGUST TO
A RECORD $18.98 BILLION, WHILE LIQUIDATION OF EXISTING DEBT ROSE BY A SMALLER AMOUNT,
BUT ALSO TO A NEW HIGH—$16.V? BILLION.
EXTENSIONS AND LIQUIDATIONS OF AUTOMOBILE CREDIT ROSE BY ABOUT EQUAL AMOUNTS,
RESULTING IN A NET EXPANSION LITTLE CHANGED FROM JULY. USE OF BANK CREDIT CARDS
INCREASED IN AUGUST—THE $2.67 BILLION EXTENDED WAS A RECORD AND, WITH LIQUIDATIONS
LITTLE CHANGED FROM JULY, THE NET CHANGE IN BANK-CARD CREDIT OUTSTANDING ALSO
REACHED A NEW HIGH OF $295 MILLION.
GROWTH WAS SOMEWHAT STRONGER DURING AUGUST IN HOME IMPROVEMENT CREDIT
OUTSTANDING AND IN THE LARGE "ALL OTHERN CATEGORY, WHILE THE ADVANCE IN MOBILE
HOME CREDIT EQUALLED THE JULY FIGURE.
(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:

AUG. 1977 | JULY 1977 I AUG. 1977 I AUG. 1976 I LATEST 12 MONTHS
(SEASONALLY ADJ.)
I
(NOT SEAS.ADJ.)
KNOT SEAS.ADJ.)
18,9791

IB,4161

21,0621

17,2511

I

I

I

I

6,064|
4651
7231
2,6671
5001
B,559|

5,877|
4401
6611
2,525|
489|
6,424|

6,9301
5241
6431
2,6661
544|
9,335|

I
I

I
I

I
I

16,4711

16,0981

16,8431

14,5601

I
I

I
I

I
I

I
I

2,5081

2,319|
»
1,0051
451
1561
164|
34|
914|

4,219|
»
It649|
86|
2931
4501
108|
lt633|

2,6901

I

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

9901
441
1751
2951
551
9491

I
I
(21

I
I

I
<2)

|

I
«
203,1921

5,6801
4211
6331
2,3151
446|
7,757|
«

I

I
1,1691
451
1981
2431
611
974 |

I
I

212,949
66,862
4,950
7,552
28,659
5,518
97,207
186,374
26,574 (3)
(4)
(4)
(4)
(4)
(4)
(4)
(2)

176,6434

NOTE: CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT- ANO INTERMED1ATfc-TERM CREDIT
EXTENDED 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 IN TWO OR MORE INSTALMENTS.
MORTGAGE CREDIT GENERALLY IS EXCLUDED. DETAILS MAY NOT ADD TO TOTALS DUE TO
ROUNDING.
(I)
BANK CHECK CREDIT AND OTHER BANK REVOLVING CREDIT.
(2)
NOT APPLICABLE.
(3)
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEAR* ALSO ON THE NEXT
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODS.
(4)
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
•CHANGE FROM END OF AUGUST 1976 AMOUNT N.S.A.*



CONSUMER

INSTALMENT CREDIT BY HOLDER AND TYPE

AUG. 1977

(IN MILLIONS OF DOLLARS)

E X T E N D E O

1

L 1 0 U I D A T E D

INSTALMENT CREDIT, BY
1
1
1

AUG. 1
1977 |
S.A. |

1

•

1

I&,979|

1
1
1
I

1
1
1i

HOLDER AND TYPE

TOTAL

BY HOLDER

1

COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
(2)
(3)
OTHERS

1

I
|
|

1
16,416|

1
1
1
i

AUG.
1976
S.A.

I
AUG. I 1
I
1977 | I
I N.S.A. | 1

AUG. |
1977 |
S.A. j

JULY
1977
S.A.

AUG.
1976
S.A.

1

1
16,1171

21,0621 1

NET | I 0 U T S T A N D 1 N G
CHG | j
—
AUG.! I END OF I CHANGE FROM END
19771 I AUG. 1 OF AUG . 1976
1>.A.| 1
1977 1 AMOUNT!
PER
(1) II N.S.A. I N.S.A.| CENT
26,5791

15.0

98,894
41,9871
35,077
16,475
6,760

13,0101
4,5101
5,5591
2,0801
1,4191

15.1
12.0
18.8
12.7
19.3

9901 »

75,512

11,516

16.0

1
1
1
1
1
1

6611 I
322||
3361 1
6 5 ||
2371 1
27||

*3,746
23,994
19,752 |
13,763
17,412
570

16,4711

16,098

14,589

10,2791
3,606|
3,330|
2,9731
674|

7,697|
3,138|
2,333|
2,6701
4331

7,923
2,611
2,295
2,665
404

7,107
2,770
2,025
2,331
357

6,1811 1 13051 |
3,2171 1 3211 1
2,3741 1 4 7 2 | |
2,635| 1 1701 I
4351 1 2401 I

6,930|

5,074|

4,871

4,451

5,2811 I

3,015|
1,629|
1,386|
9251
lt220|
44|

3,9851
2,132 1
1,854!
1,199|
1,6651
60|

2,8621
1,5521
1,310|
9701
1,197|
45|

2,943
1,601
1,342
666
1,194
46

2,528
1,417|
1,111
651
1,033
39

3,0101
1»631|
1,379|
1,0131
1,2111
47|

16,8431 I 25081 I 203,192

1
1
1
•

1
1
1
1
1
1
i

9,2011
3,459|
2,806|
2,840|
6731
l
i

1
8,9261
3,3351
2,663|
2,951|
540|
1
1

1

1

1

1

6,064|

5,677|

5,204|

|
3,5231

j
3,464|

j

lt874|
lf649|
1,0361
lt434|
721
|
4651

1,8561
1,6061
9631
1,402|
481

j

4401

j

3801
1

524|

4211

395

379

4381 1

4 4 |I

14,710 1

2531
551

2531
55!

2321
551

294|
6311

2611
731

245
68

236
72

273| 1
75| 1

- 8 |I
- 1 6 |1

8,691 1
3,114 I

5601

643| I

546|

504

443

5501 1

175| I

12,257 1

1,751 I

16.7

2621

4011 I

2671

252

222

2751 1

541 I

6,087 I

722 1

13.5

BY CREDIT TYPE
AUTOMOBILE, TOTAL
COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS
(3)
MOBILE HOME, TOTAL
COMMERCIAL BANKS
FINANCE COMPANIES

JULY
1977
S.A.

11
I
AUG. I 1
1977 | 1
N.S.A. | 1

1
1

i

I

7,894|
2,9381
2,3911
2,4301
465|
I

1

1
1

j

7,145
3,332
3,613
1*519
2,760
92
149 I

19.5
16.1
23.9
12.4
18.8
19.2
1.0

-.8
-72 I
-209 I -6.3

i

HOME IMPROVEMENT, TOTAL!

7231

1
COMMERCIAL

BANKS

REVOLVING

1
1

3211
1
1

|
BANK CREDIT CARD
BANK CHECK CREDIT
ALL OTHER, TOTAL
COMM. BANKS, TOTAL
PERSONAL LOANS
FINANCE C C S . , TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

(1)
(2)

(3)




661|

1
3201
i

I

1
|

1
j

1
I

2,6671
5001

2,5251
469|

2,209|
419|

2,8661|
544| |

2,3721
44 5|

2,361
455

2,092
401

2,436| 1
436| 1

295| I
55| I

12,085 |
3,369 |

2,0571
573 1

20,5
20.5

1

8V559|

8,424|

7,3451

9,335||

7,6111

7,510

6,823

7,702| I

9 4 9 |I

65,260 I 10,534 1

14.1

|
t
I
1
1
1
1

i.937|
1,3671
2,3611
1,8701
1,2071
2,8401
214|

248|1
137| I
2731 I
186| I
2001 I
170| 1
59 f1

2,587 I
1*722 (
3,19o »
2,273 !
2,329 I
2,080 1
342 1

11.6
11.2
14.7
12.7
18.8
12.7
18.2

j

j

|

1,8761
1,314|
2,3091
1,8361
1,113|
2,9511
1751

j

1

1,756|
1,200|
1,954|
lt597|
1,0421
2,4301
1631

2,168||
1,556| |
2,537||
2,0241|
lt436||
2,973||
2211 |

1,689|
1,2301
2,089|
1,684|
1,008|
2,©70|
155|

1,666
1,197
2,049
1,6091
964
2,665
146

1,624
1,144
1,840
1,4901
891
2,331
1371

1,752| I
1,270| 1
2,124| 1
1,714| 1
1,036| 1
2,635| 1
156| 1

24,916 1
17,037 1
24,951 1
20,118 1
14,697 I
18,475 I
2,221 I

NET CHANGES FOR ALL MONTHS EOUAL EXTENSIONS MINUS LlCulUATlONS (REPAYMENTS, CHARGEOFFS, ANO OTHER CREDITS*.
EXCLUDES 30-DAY CHARGE CREDIT HELD BY RETAILERS, OIL AND GAS COMPANIES, AND TRAVEL AND ENTERTAINMENT COMPANIES
AMOUNTING TO $2419 MILLION AT THE END OF AUGUST. THIS REPRESENTS A DECKEASt OF $36 MILLION FROM THE END OF
JULY ON A SEASONALLY ADJUSTED BASIS AND AN INCREASE OF $22 MILLION ON AN UNADJUSTED BAblS.
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.
NOTE:

S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA, RESPECTIVELY.
DETAILS MAY NOT ADD TO TOTALS DUE TO ROUNDING.