Full text of G.19 Consumer Credit : October 9, 1985

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FEDERAL RESERVE statistical release
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G.19

For immediate release
October 9, 1985
CONSUMER INSTALLMENT CREDIT

Consumer installment
credit
outstanding
rose $6.3 billion in August,
seasonally adjusted, about unchanged from the $6.2 billion July increase. The annual
rate of growth in August was 15.0 percent, the same as in July but below the second
quarter pace of almost 19 percent.
Automobile credit advanced $2.5 billion, seasonally adjusted, in August after
rising $2.4 billion in July.
Revolving credit expanded by over $0.9 billion in August,
a bit more than in the preceding month. The $2.9 billion increase in "other" plus mobile
home credit in August was slightly below the $3.0 billion gain a month earlier.

Net Change in
Amount Outstanding

Annual Rate of Growth
(percent])

FLOWS OF CREDIT
Millions of dollars
(seasonally adjusted)

Aug.

July

June

Aug.

July

Total
Automobile
Revolving
Mobile home
Other

6,312
2,486
936
206
2,684

6,247
2,365
856
324
2,702

5,227
2,686
-73
196
2,418

15.0
15.4
10.5
9.7
18.0

15.0
14.8
9.6
15.4
18.4

1985

1985

1985
TERMS OF CREDIT
(not seasonally adjusted)
Interest rates 2/
Commercial banks 3/
48-mo. new-car loan
24-mo. personal loan
120-mo. mobile home loan
Credit card plan
Auto finance companies 4/
New-car loan
Used-car loan
Other terms at
auto finance companies 4/
Maturity (months)
New-car loan
Used-car loan
Loan-to-value ratio (%)
New-car loan
Used-car loan
Amount financed ($)
New-car loan
Used-car loan




Aug.

July

June
12.7
17.0
-0.8
9.4
16.7
1984

June

May

Aug.

12.72
15.84
14.72
18.62

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

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

13.16
16.09
15.03
18.74

14.08
16.75
15.72
18.81

10.87
17.57

12.46
17.49

12.06
17.77

11.87
17.84

15.01
17.99

51.1
41.6

51.7
41.5

51.3
41.3

50.9
41.4

49.2
39.8

91
95

91
95

91
94

91
94

33
93

10,422
6,139

10,355
6,146

9,965
6,116

9,775
6,117

9,409
5*753

CONSUMER INSTALLMENT CREDIT BY HOLDER AND TYPE
(Millions of dollars except as noted)

Installment credit
holder and type

Total

Net change during
Aug.
July
Aug.
1985
1985
1985
S.A.
S.A.
N.S.A.

Out-standing at end of
Aug.
Aug.
Aug.
198S
1985
1984
S.A.
N.S.A.
N.S.A.

Change from end of
Aug. 1984
amount
percent

6,312

6,247

9,149

512,076

5i2,983

430,795

82,188

19.1

1,764
2,371
1,065
-99
969
103
139

1,824
1,629
1,149
112
1,338
21
174

3,477
2,393
1,665
82
1,195
151
186

235,661 236,390
110,183 110,378
75,829
76,279
38,249
37,481
38,511
38,496
4,159
4,467
9,484
9,492

199,654
94,070
62,679
35,359
26,922
4,452
7,659

36,736
16,308
13,600
2,122
11,574
15
1,833

18.4
17.3
21.7
6.0
43.0
0.3
23.9

2,486
136
1,844
506

2,365
1,025
790
550

3,372
813
1,763
796

196,754
96,038
64,451
36,265

198,050
96,576
64,991
36,483

165,177
81,786
53,412
29,979

32,873
14,790
11,579
6,504

19.9
18.1
21.7
21.7

936
968
-135
103

856
733
102
21

2,045
1,856
38
151

108,329
70,256
33,914
4,159

107,584
69,949
33,168
4,467

88,202
52,313
31,437
4,452

19,382
17,636
1,731
15

22.0
33.7
5.5
0.3

206
3
-13
204
12

324
-22
74
261
11

288
57
17
196
18

25,794
9,460
9,162
6,370
802

25,833
9,550
9,163
6,313
807

24,947
9,711
9,992
4,581
663

886
-161
-829
1,732
144

3.6
-1.7
-8.3
37.8
21.7

2,684
657
540
547
36
765
139

2,702
88
765
588
10
1,077
174

3,444
751
613
851
44
999
186

181,199
59,907
36,570
38,762
4,335
32,141
9,484

181,516
60,315
36,224
38,989
4,313
32,183
9,492

152,469
55,844
30,666
32,037
3,922
22,341
7,659

29,047
4,471
5,558
6,952
391
9,842
1,833

19.1
8.0
18.1
21.7
9.2
44.1
23.9

By major holder
Commercial banks
Finance companies 1/
Credit unions
Retailers 5/
Savings and loans
Gasoline companies
Mutual savings banks
By major credit type
Automobile
Commercial banks
Finance companies
Credit unions
Revolving
Commercial banks
Retailers 5/
Gasoline companies
Mobile home
Commercial banks
Finance companies
Savings and loans
Credit unions
Other
Commercial banks
Finance companies 1/
Credit unions
Retailers 5/
Savings and loans
Mutual savings banks

1. Loans secured by real estate at finance companies —excluded from the above series— for
August 1985 are estimated at $28.4 billion, seasonally adjusted, and $29.2 billion not seasonally
adjusted.
2. Interest rates are annual percentage rates as specified by Regulation Z.
3. Commercial bank data are simple unweighted averages of each bank's "most common" rate charged
during the first calendar week of the month.
4. 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.
5. Includes auto dealers and excludes 30-day charge credit held by travel and entertainment
companies.
n.a.= Data not available.
S.A.= Seasonally adjusted.
N.S.A.= Not seasonally adjusted.
NOTE: The Board's series on amounts of credit 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.
The G.19 Statistical Release is issued about the middle of each month. The exact date and time
of each monthly release will be announced, when the information is available, on (202) 452-3206.