Full text of G.19 Consumer Credit : October 7, 1991

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FEDERAL RESERVE statistical release
For immediate release
October 7, 1991
G.19

CONSUMER INSTALLMENT CREDIT

Consumer installment credit outstanding fell $1.3 billion in
August, following a $0.6 billion decline in July. The latest drop in
outstanding installment borrowing again was led by auto loans; mobile home
and "other" loans also were down in the month. Revolving credit expanded
more rapidly in August.
Net change in
amount outstanding
(millions of dollars)
1991
Aug p
Jul r
Jun

Annual rate of growth
(percent)
1991
Aug p
Jul r
Jun

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

-1,291
-1,972
1,177
-93
-403

-629
-931
462
-291
131

-1,698
-1,998
435
111
-246

-2.1
-8.6
6.2
-5.7
-2.3

-1.0
-4.1
2.4
-17.6
0.8

__ 1990 __
Aug

1991

Aug

Jul

Jun

-2.8
-8.7
2.3
6.7
-1.4

May

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

11.06
15.24
13.73
18.24
12.40
15.63

Other terms at
auto finance companies
Maturity (months)
New car loan
55.4
Used car loan
47.2
Loan-to-value ratio (percent)
New car loan
88
Used car loan
97
Amount financed (dollars)
New car loan
12,518
8,902
Used car loan




n.a.

11 .28
15.16
13.80
18.22

11.89
15.46
14.09
18.18

12.55
15.66

12.77
15.74

12.95
15.85

12.62
15.98

55.5
47.4

55.5
47.3

55.4
47.3

54.8
46.2

88
96

88
97

87
96

86
96

12,572
8,989

12,343
8,916

12,204
8,873

11,939
8,415

n
n
n
n

.a
.a
.a
.a

.
.
.
.

n .a .

n.a.
n .a .

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Aug p
1991

Jul r
1991

Jun
1991

May
1991

Apr
1991

Aug
1990

Jul
1990

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

728,671

729,962

730,591

732,289

733,621

733,844

732,750

271,594
229,375
19,522
208,179

273,565
228,199
19,615
208,582

274,496
227,737
19,907
208,451

276,494
227,301
19,796
208,697

279,746
225,994
20,098
207,782

286,818
217,024
21,191
208,811

288,136
215,119
21,211
208,284

rot seasonally adjusted
731,091

727,754

728,023

727,717

727,907

736,480

730,660

335,782
135,509
92,020
38,156
37,296
4,857
87,471

334,273
134,120
92,017
39,012
36,392
4,712
87,228

333,442
133,903
91,924
39,827
36,702
4,591
87,634

334,746
134,045
91,549
40,764
36,782
4,507
85,324

336,425
133,462
91,413
41,707
37,817
4,357
82,726

340,525
139,496
93,071
51,822
39,557
4,722
67,287

336,658
138,796
92,260
53,541
39,165
4,396
65,844

=»ts 3/

273,875
120,648
71,571
25,071

274,222
121,319
70,444
25,609

275,018
121,605
70,304
26,039

275,582
121,631
69,689
27,085

277,508
122,710
70,500
26,875

289,371
127,647
77,205
21,988

288,741
126,475
77,716
22,099

Revolving
Commercial banks
Retailers
Gasoline companies
Pools of securitized assets 3/

229,146
125,712
32,962
4,857
54,017

226,145
124,645
32,076
4,712
53,094

225,596
124,106
32,381
4,591
52,897

224,301
126,047
32,458
4,507
49,667

222,627
126,009
33,513
4,357
47,116

216,633
126,683
35,101
4,722
38,194

213,140
125,248
34,731
4,396
36,785

19,495
9,532
5,700

19,639
9,552
5,669

19>875
9,652
5,652

19,721
9,386
5,595

20,052
9,565
5,574

21,185
9,338
5,358

21,245
9,005
5,328

208,575
79,890
58,238
4,334

207,748
78,757
58,007
4,316

207,534
78,079
57,947
4,321

208,113
77,682
58,761
4,324

207,720
78,141
57,388
4,304

209,291
76,857
56,933
4,456

207,534
75,930
55,752
4,434

8,383

8,525

8,698

8,572

8,735

7,105

6,960

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

Mobile homes
Commercial banks
Finance companies
Other
Commercial banks
Finance companies
Retailers
Pools of securitized assets
(incl. mobile homes) 3/

1. The Board's series on amounts of credit cover 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 mid-month of each quarter. 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. Outstanding balances of pools upon which securities have been issued} these balances
are no longer carried on the balance sheets of the loan originator.
4. Type-of-credit totals include estimates for certain holders for which only consumer
credit totals are available.
r = revised.

p = preliminary.

The G.19 Statistical Release is issued around the fifth business day of each month.
date and time may be obtained by calling (202) 452-3206.




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