Full text of G.19 Consumer Credit : October 7, 1992
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.-iliM^i FEDERAL RESERVE statistical release This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452—3206 "At Rf& G. 19 : • ' For immediate release October 7, 1992 CONSUMER INSTALLMENT CREDIT August 1992 Consumer installment credit outstanding declined $1 billion in August, following a $1.1 billion decrease in July. Auto credit was virtually unchanged in August from July, while other loans outstanding fell sharply. Revolving credit, which had dipped slightly in July, rose in August. MONTHLY CHANGE IN CREDIT OUTSTANDING1 Seasonally adjusted Amount Type of credit (millions of dollars) 1992 Jul. r Jun. Total -10 -1,099 404 Automobile -2,495 -86 Revolving 1,197 Other2 -1,418 1,288 Jun. -0.0 -11.5 5.8 7.1 Annual rate (percent) 1992 Jul. 1 -1.8 1.9 -0.4 -7.8 Aug.P -1.6 -0.2 2.8 -8.3 TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES3 Percent except as noted, not seasonally adjusted 1991 May Aug. May Institution, terms, and type of loan 1992 Jul. Aug. Commercial banks Interest rates 48-mo. new car loan 24-mo. personal loan 120-mo. mobile home loan Credit card plan Auto finance companies Interest rates New car Used car Maturity (months) New car Used car Loan-to-value ratio New car Used car Amount financed (dollars) New car Used car Notes appear on reverse. Aug. P -959 -37 576 -1,498 11.28 15.16 13.80 18.22 11.06 15.24 13.73 18.24 9.52 14.28 12.82 17.97 n.a. n.a. n.a. n.a. 9.15 13.94 12.57 17.66 12.95 15.85 12.40 15.63 10.67 14.01 9.94 13.67 8.88 13.49 55.4 47.3 55.4 47.2 54.7 47.9 54.4 48.0 53.6 47.9 87 96 88 97 89 97 89 97 90 97 12,204 8,873 12,518 8,902 13,373 9,247 13,570 9,293 13,745 9,238 CONSUMER INSTALLMENT CREDIT OUTSTANDING (Millions of dollars) 1991 Type of credit and holder Aug Sep. Oct. 1992 Nov. Dec. Apr. May Jun. Jul.r Alig. P 727404 262125 245259 220020 723821 260376 245905 217541 722928 259834 246220 216874 722919 257339 247418 218162 721820 257743 247332 216744 720861 257706 247909 215246 Seasonally adjusted 4 Total Automobile Revolving Other2 Mar. Feb. Jan. 727311 266620 236294 224396 727449 264621 238987 223842 729225 264420 241436 223369 727960 262383 242573 223004 727799 263003 242785 222012 728618 263134 244288 221196 728395 261659 245974 220762 Not seasonally adjusted Total Major holders Commercial banks Finance companies Credit unions Savings institutions Retailers Gasoline companies Pools of securitized assets4 Major types of credit5 Automobile Commercial banks Finance companies Pools of securitized assets4 Revolving Commercial banks Retailers Gasoline companies Pools of securitized assets4 Other Commercial banks Finance companies Retailers Pools of securitized assets4 728818 729810 729782 729758 742058 733294 725882 721091 718676 718420 719845 718599 722189 333655 128629 92,329 42,014 38,091 4,857 89,243 333417 125299 92,605 41,138 38,070 4,753 94,528 334835 124299 92,128 41,691 38,147 4,529 94,153 333272 123228 91,849 41,337 39,460 4,388 96,224 339565 121901 92,254 40,315 44,030 4,362 99,631 335320 119208 91,894 39,448 41,567 4,377 101482 330464 120281 91,469 38,479 40,015 4,151 101024 327697 118352 91,164 37,142 39,454 3,988 103293 326205 118364 91,339 36,499 39,553 4,094 102622 324791 116139 91,605 36,224 37,824 4,193 107645 324171 116690 92,340 35,782 37,438 4,360 109064 323899 116968 91,778 35,552 37,219 4,506 108643 323866 117491 91,500 35,029 38,791 4,542 110970 268940 115641 267823 114345 66,931 26,987 237720 129331 33,548 4,753 56,438 224267 89,741 58,368 4,522 11,103 266747 113950 66,222 26,948 239577 131171 33,641 4,529 56,290 223458 89,714 58,077 4,506 10,915 263249 112968 64,840 25,864 243349 130509 34,928 4,388 59,459 223160 89,795 58,388 4,532 10,901 263108 111912 63,413 28,057 255895 137968 39,352 4,362 60,139 223055 89,685 58,488 4,678 11,435 261871 110707 62,206 29,460 249320 133839 36,953 4,377 60,087 222103 90,774 57,002 4,614 11,935 259723 110077 259530 110047 60,655 29,942 242267 128550 34,892 3,988 60,953 219294 89,100 57,697 4,562 12,398 258449 109056 61,717 28,679 242708 128506 34,989 4,094 61,190 217519 88,643 56,647 4,564 12,753 258665 108610 59,399 31,406 243315 128013 33,245 4,193 63,801 216440 88,168 56,740 4,579 12,438 257442 106645 60,056 31,024 245092 127925 32,844 4,360 65,784 217311 89,601 56,634 4,594 12,256 258104 107722 60,400 30,454 244661 127476 32,617 4,506 65,791 215834 88,701 56,602 4,602 12,398 259897 107978 60,670 31,833 246917 126922 34,167 4,542 66,985 215375 88,966 56,821 4624 12,152 68,789 25,071 235302 129277 33,550 4,857 54,017 224576 88,737 59,840 4,541 10,155 61,959 28,480 245088 130848 35,438 4,151 60,633 221071 89,539 58,322 4,577 11,911 1. 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. Comprises mobile home loans and all other installment loans not included in automobile or revolving credit, such as loans for education, boats, trailers, or vacations. These loans may be secured or unsecured. 3. Interest rates are annual percentage rates as specified by the Federal Reserve's Regulation Z. Interest rates at commercial banks are simple unweighted averages of each bank's most common rate charged during the first qriendaF week of the middle month of each quarter. Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans of each type purchased during»tne month. 4. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators. 5. Includes estimates for holders that do not separately report consumer credit holding by type, r = revised, p = preliminary.
