Full text of G.19 Consumer Credit : October 7, 1980

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FEDERAL RESERVE statistical release

G.19

(421)

FOR IMMEDIATE RELEASE
OCTOBER 7 , 1980

CONSUMER INSTALLMENT CREDIT - AUGUST 1980
CONSUMER INSTALLMENT CREDIT OUTSTANDING EDGED UP BY $15 MILLION IN AUGUST,
AFTER SEASONAL ADJUSTMENT, FOLLOWING DECLINES IN THE FOUR PREVIOUS MONTHS. AUTOMOBILE
AND REVOLVING CREDIT EXPERIENCED SMALL GAINS WHILE MOBILE HOME CREDIT AND THE LARGE
"OTHER" CATEGORY, WHICH INCLUDES PERSONAL CASH LOANS, SHOWED SMALL DECLINES.
EXTENSIONS OF INSTALLMENT CREDIT ROSE TO $ 2 5 . 6 0 BILLION FROM $ 2 4 . 5 0 BILLION
IN JULY AND THE LOW FOR THE YEAR OF $ 2 0 . 7 0 BILLION IN JUNE. EXTENSIONS WERE STILL WELL
BELOW THE RECORD HIGH OF $ 2 8 . 6 3 BILLION IN SEPTEMBER 1 9 7 9 .
LIQUIDATIONS INCREASED
MODERATELY IN AUGUST TO $ 2 5 . 5 9 BILLION FROM $ 2 5 . 1 1 BILLION IN JULY.
BOTH EXTENSIONS AND
LIQUIDATIONS WERE HIGHER IN EACH CREDIT CATEGORY EXCEPT MOBILE HOMES.

(IN MILLIONS CF DOLLARS)
INSTALLMENT CREDIT

| AUG. 1980 | AUG. 1979 (LATEST 12 MONTHS
|
(NOT SEAS.ADJ.)
|(NOT SEAS.ADJ.)
,.
,.
AMOUNT EXTENDED:
25,601|
26,6721
24,497|
30,508|
300,485
I
I
I
I
AUTOMOBILE
6,964]
7,302|
6,609|
8,775|
80,698
REVOLVING (1)
10,652J
10,9831
10,522|
11,073|
125,076
MOBILE HOME
387|
467|
421|
758|
5,656
OTHER
7,598|
7,920J
6,945|
9,902|
89,055
I
I
I
I
I
I
I
I
AMOUNT LIQUIDATED
297,031
25,1631
25,106|
25,5861
25,747|
I
I
I
I
NET CHANGE IN AMOUNT
1
I
I
I
OUTSTANDING:
3,454 (3)
1,5091
4,761|
-609|
15|
J
1
I
i
AUTOMOBILE
<*)
-93|
457|
1,399|
REVOLVING (1)
174|
(4)
1
4
|
7961
1
,
3
7
6
|
MOBILE HOME
1421
(4)
261
511
253|
OTHER
-8|
(*)
-556|
205|
1,733|
-293|
I
I
I
AMOUNT OUTSTANDING,
J
I
I
I
END OF MONTH
I
(2)
(2)
I
299,8131
3
0
3
,
2
6
3
1
(2)
1
1
NOTE: THE BOARD S SERIES COVERS MOST SHORT- AND INTERMEDIATE-TERM CREDIT EXTENDED
TO INDIVIDUALS THROUGH REGULAR BUSINESS CHANNELS, USUALLY TO FINANCE THE
PURCHASE OF CONSUMER GOODS AND 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.
(D CREDIT CARDS AT RETAILERS, GASOLINE COMPANIES AND COMMERCIAL BANKS, AND
CHECK CREDIT AT COMMERCIAL BANKS.
NOT APPLICABLE OR NOT AVAILABLE.
(2)
(3)
A VALUE FOB THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
TO LIST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODS.
(<0 FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
"CHANGE FROM END OF AUGUST 1979 AMOUNT N.S.A."




AUG. 1980 | JULY 1980
(SEASONALLY ADJ.)

CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE -

AUG. 1980

(IN MILLIONS OF DOLLARS)

E X T E N D ED

L I

1

Q U I D A T E D

INSTALLMENT CREDIT BY
HCIDER AND TYPE

AOG.
1980
S.A.

J
|
|

JULY
1980
S.A.

]
|
I

AOG.
AOG. |
1980
1979 ]
S.A. ] N.S.A.

| |
| I
1]

AOG.
1980
S.A.

]
]
]
I

I
TOTAL

25,601|

24,497 |

27,583]

10,8931
5,204|
2,354|
4,375J
605|
2,0781
92]

10,548
4,888
2,267
4,032
711
1,971
80

I
I
]
]
I
1
I

12,700]
5,133]
3,361]
3,921]
728|
1,640]
100|

BY MAJOR HOLDER
COMMERCIAL BANKS
FINANCE CCMFANIES
CREDIT ONIONS
RETAILERS (2)
SAVINGS AND LOANS
GASOLINE COMPANIES
MUTUAL SAVINGS BANKS

6,964]

COMMERCIAL BANKS
INDIRECT PAPER
DIRECT LOANS
CREDIT ONIONS
FINANCE COMPANIES

25,586|
1
1
1
1
11,326|
4,709]
2,657]
4,2631
529]
1,977]
125]
]

I
1
7,302] 1

I
1
6,790]

1

i

I
|
|
I
I

3,762]
2,082]
1,680]
1,376]
1,652]

i

BY MAJOR CREDIT TYPE
AUTOMOBILE

26,672] |
1
1
1
1
11,410] ]
5,239] 1
2,606| ]
4,349] 1
708| 1
2,267] 1
93] I
I

7,667]

6,609

3,499]
1,8951
1,604|
1,224]
2,241|

3,239
1,645
1,594
1,178
2,192

10,652]

10,522

i
1
1
1

4,085]
2,276]
1,809|
1,661|
1,921|

3,645|
1,970]
1,675|
1,346]
2,311]

i

JOLY
1980
S.A.

]
]
]
i

10,371]

10,983]

10,510]

]
]
|
I

25,106 I
!
1
1
1
11,520 |
4,470 I
2,648 ]
3,892 I
515 I
1,935 »
126 I
I
I
1
6,702 1
1

25,137|
]
1
i
1
11,834]
4,584]
2,970]
3,589]
475]
1,524]
161]
!
1
1
7,073|
•

3,652
2,010
1,642
1,353
1,697

3,913]
2,088]
1,825|
1,484]
1,676|
1

1
|
I
I
I

i

REVOLVING

AOG.
1979
S.A.

10,508

9,584]

MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES
SAVINGS AND LOANS
CREDIT ONIONS

4,785|
3,789|
2,078|

4,974
3,577 I
1,971

5,280|
3,451|
1,640|

4,908]
3,808] I
2,267]

4,815]
3,718|
1,977]
]
395]
l
254|
41]
88]
12]

387|

421

655|

467|

202|
59]
117]
9]

195
49
169
8

362]
67|
206|
20]

228]
65]
162||
12]

7,598]

6,945!

8,890|

7,920]|

7,891]

2,407|
2,904]
1,121]
586|
488|
92]

2,140i
2,647|
1,081]
455|
542]
80 |

2,973]
3,145]
1,680]
470]
522|
100|

2,629]!
2,863]|
1,248]J
541] |
546] |
931]

2,495]
3,016|
1,269|
545]
441]
125]

5,105
3,468 I
1,935

23 8
55
91|
11

•

OTHER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT ONIONS
RETAILERS
SAVINGS AND LOANS
MUTUAL SAVINGS BANKS
(1)
(2)

1

4,915|
3,145|
1.5241
1

395

7,501
2,525:
2,718]
1,284
424]
424]
126]

473|
I
303]
54]
100]
16]
1
8,007]
1
2,703]
2,854]
1,470]
444|
375]
161]

NET ] ] 0 0 T S T A N D I N G
CHG |
A O G . 1 | END OF 1CHANGE FROM END
1 9 8 0 ] ( AOG.
] OF AUG . 1 9 7 9
S . A . ] | 1980
] AMOUNT]
PERCENT
I I (1) J | N . S . A . | N . S . A . ]

25,163] I
«
I
1
1
11,109] 1
<*,715| 1
2,649] ]
3,991] 1
522] I
2,053] I
124] I
I
I
I
6,845]

151 |

- 4 3 3 |]
495]I
- 3 0 3 ]!
112] I
761|
101] I
-33] I

174]

3 , 7 4 1 11
-2631
2,044]
-187]
1,6971 I - 7 6 1
1,367|| -152IJ
1,737]
589|
I
10,187]

•

COMMERCIAL BANKS
RETAILERS
GASOLINE COMPANIES

AOG.
1980
N.S.A.

1]
|
] ]
| \
] |

142]

303,263I

140,790 I
74,433I
43,3471
26,0651
11,3901
5,1021
2,136 |

114,061

3,450]

-4.4
-6,522J
11,071|
17.5
-5,284| -10.9
8. 1
1,9511
1,6301
16.7
1,054|
26.0
-450| -17.4

710J




.6

60,370
-7.7
-5,019]
34,630 I -2,257J
-6.1
25,740 I - 2 , 7 6 2 !
-9.7
20,728 I -2,527] - 1 0 . 9
33.4
32,963
8,256]
52,126

2,856|

5.8

27,114
19,910
5,102

332]
1,470!
1,054]

1.2
8.0
26.0

17,860

888|

5.2

9,968!
3,5661
3,8651
461!

56]
335]
5531
-56!

.6
10.4
16.7
-10.9

119,216!

-1,0041

-.8

•

4,6351
-30]
3,4991
711
101|
2,0531|
]
416| |
-8]
1I
260| |
-52]!
45]]
18]]
29] |
99] ]
12J ]
-311
1 1
7,7151] -293|i
l |
2,473]i
-88| ]
2,933]] -1121!
1,270]] -148]]
41|]
492] |
47)!
423| |
124] ]
-33U

43,338]
37,904|
22,158]
6,1551
7,525!
2,136]

-4.2
-1,891]
2,4801
7.0
-2,701] -10.9
8.5
481 l
1,077|
16.7
-450] -17.4

NET CHANGES FOR ALL MONTHS EQOAL EXTENSIONS MINOS LIQOIDATIONS (REPAYMENTS, CHARGECFFS, AND OTHER CREDITS).
INCLODES AOTO DEALERS AND EXCLODES 30-DAY CHARGE CREDIT HELD BY RETAILERS AND BY TRAVEL AND ENTERTAINMENT COMPANIES.
NOTE:

1.2

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