Full text of G.19 Consumer Credit : October 6, 1989

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FEDERAL RESERVE statistical release
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For immediate release
October 6, 1989
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding increased $3.5 billion in August,
following little change in July. Revolving credit expanded at a rapid pace
in August and both auto and "other" borrowing advanced after decreasing in
in July. Mobile home loans continued to decline in August.
Net change in
amount outstanding
(millions of dollars)
1989
Aug p
Jul r
Jun

Annual rate of growth
(percent)
1989
Aug p
Jul r
Jun

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

3,476

400
3,574
-656

-505
-1,667
1,406

158

-56

2,717
-549
3,120
-267

-189

413

6.
1.
22.
-33.
1.

4.7
-2.3
20.1
-13.4
2.5

1989-

Aug

May

1988Aug

.a .
.a.
.a .
.a.

12.44
15.65
14.35
18.11

10.93
14.81
13.62
17.79

11.94
16.37

11.96
16.45

11.80
16.45

12.64
15.16

52.9
46.4

53.0
46.5

52.7
46.6

56.5
46.8

91
97

91
97

91
97

94
98

12,108
7,988

12,065
7,921

11,973
7,908

11,593
7,918

Jul

Jun

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

12.13
15.45
14.13
18.07
12.22
16.31

Other terms at
auto finance companies
Maturity (months)
New car loan
52.9
Used car loan
46.2
Loan-to-value ratio (percent)
New car loan
90
Used car loan
96
Amount financed (dollars)
New car loan
11,949
Used car loan
7,874




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

n
n
n
n

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Aug p
1989
S.A.

Jul r
1989
S.A.

Jun
1989
S.A.

703,820

700,344

700,849

698,132

693,911

326,811
144,386
90,061
59,731
41,989
3,976

323,621
145,488
89,852
60,092
41,798
3,936

324,438
146,055
90,073
59,920
41,649
4,017

323,363
145,523
89,890
61,311
41,323
3,897

36,867

35,557

34,696

Automobile
Commercial banks
Finance companies
Credit unions
Savings institutions
Pools of sec. assets 4/

288,925
126,819
89,439
42,768
17,752
12,147

288,526
124,881
90,213
42,624
17,972
12,835

Revolving 6/
Commercial banks
Savings institutions
Retailers
Gasoline companies
Credit unions
Pools of sec. assets 4/

194,602
117,522
11,301
37,134
3,976
5,246
19,424

Total

May
1989
S.A.

Apr
1989
S.A.

Aug
1988
S.A.

Aug p
1989
N.S.A.

Aug
1988
N.S.A

644,666

706,918

647,753

320,458
144,378
89,330
61,919
41,301
3,787

307,355
143,992
84,647
62,843
42,121
3,709

327,669
145,990
90,772
60,185
41,180
4,255

308,114
145,769
85,295
63,303
41,304
3,968

32,826

32,737

n.a.

36,867

n.a.

290,192
125,592
91,184
42,684
18,032
12,700

290,741
125,118
90,976
42,687
18,566
13,395

289,654
123,878
90,268
42,510
18,866
14,132

279,585
119,383
98,705
41,296
20,201
n.a.

n.a.
127,618
90,998
n.a.
n.a.
12,147

n.a.
120,138
100,439
n.a.
n.a.
n.a.

191,028
115,967
11,176
36,963
3,936
5,192
17,795

189,622
115,561
10,951
36,814
4,017
5,162
17,117

186,502
115,407
11,008
36,504
3,897
5,109
14,578

184,500
114,130
10,918
36,497
3,787
5,035
14,134

167,125
111,516
9,809
37,471
3,709
4,621
n.a.

n.a.
116,464
n.a.
36,343
4,255
n.a.
19,424

n.a.
110,499
n.a.
36,672
3,968
n.a.
n.a.

22,974
8,767
5,100
9,107

23,630
8,830
5,624
9,176

23,685
8,847
5,674
9,163

23,952
8,878
5,684
9,390

23,993
8,836
5,659
9,498

26,277
9,140
7,369
9,768

n.a.
8,830
5,119
n.a.

n.a.
9,206
7,397
n.a.

197,319
73,703
49,847
42,046
21,571
4,855

197,161
73,944
49,650
42,036
21,769
4,835

197,349
74,438
49,197
42,228
21,773
4,834

196,936
73,960
48,863
42,094
22,347
4,819

195,763
73,614
48,451
41,785
22,638
4,804

171,679
67,316
37,918
38,730
23,065
4,650

n.a.
74,757
49,873
n.a.
n.a.
4,837

n.a.
68,271
37,933
n.a.
n.a.
4,632

5,296

4,927

4,879

4,853

4,471

n.a.

5,296

n.a.

Major holder
Commercial banks
Finance companies 3/
Credit unions
Savings institutions
Retailers
Gasoline companies
Pools of securitized
assets 4/
Major credit type 5/

Mobile homes
Commercial banks
Finance companies
Savings institutions
Other
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Pools of sec. assets
(incl. mobile homes) 4/

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. More detail for finance companies is available in the G.20 Statistical Release, Finance
Companies.
4. Outstanding balances of pools upon which securities have been issuedj these balances
are no longer carried on the balance sheets of the loan originator.
5. Not seasonally adjusted data are unavailable by type of credit for certain holders. In these
cases, the seasonally adjusted total for the holder group has been allocated among the
components using the latest available benchmark information.
6. Excludes 30-day charge credit held by travel and entertainment companies.
n.a.= Data not available.
S.A.= Seasonally adjusted.
r = revised.
p = preliminary.

N.S.A.= Not seasonally adjusted,

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.




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