Full text of G.19 Consumer Credit : October 9, 1990

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FEDERAL RESERVE statistical release
For immediate release
October 9, 1990
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding rose $2.1 billion in
August, following a $4.7 billion increase in July. The slower growth
in August reflected a larger decline in auto loans outstanding and a smaller
expansion
of revolving credit than in July. Both mobile home and all
"other1* loans grew more rapidly in August.
Net change in
amount outstanding
(millions of dollars)
— —
1990—™Aug p
Jul r
Jun

Annual rate of growth
(percent)
„ „ 1990-^
Aug p
Jul r
Jun

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

2,087
-1,741
1,778
208
1,841

4,728
-377
3,776
63
1,267

116
-1,764
1,208
-83
753

3.4
-7.3
10.1
10.9
10.6

7.8
-1.6
21.7
3.3
7.4

0.2
-7.3
7.0
-4.3
4.4

May

1989Aug

11.82
15.41
14.09
18 14

12.13
15.45
14.13
18.07

1990Aug

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

11.89
15.46
14.09
18.18
12.62
15.98

Other terms at
auto finance companies
Maturity (months)
New car loan
54.8
Used car loan
46.2
Loan-to-value ratio (percent)
86
New car loan
Used car loan
96
Amount financed (dollars)
New car loan
11,939
Used car loan
8,415




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n.a
n ,a
n .a

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.
,
,

12.68
15.96

12. 58
16. 00

12.23
16.03

12.22
16.31

54.9
46.2

54.8
46.2

54.5
46.1

52.9
46.2

B6

96

87
95

87
96

90
96

12,125
8,401

12,108
8,296

12,064
8,169

11,949
7,874

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Aug p
1990

Jul r
1990

Jun
1990

May
1990

Apr
1990

Aug
1989

Jul
1989

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

731,416

729,329

724,601

724,485

720,835

703,518

700,000

285,050
213,916
23,003
209,446

286,791
212,138
22,795
207,605

287,168
208,362
22,733
206,338

288,931
207,153
22,815
205,585

288,936
203,965
22,702
205,232

289,961
189,185
22,734
201,638

289,882
186,284
23,240
200,594

._„.
Total

-not seasonally adjusted

—*

733,543

727,196

722,953

720,045

715,801

705,908

698,232

342,641
139,496
91,324
52,399
37,231
4,722
65,730

339,124
138,796
90,631
52,503
36,804
4,396
64,942

335,998
138,642
90,137
52,902
37,382
4,192
63,700

339,328
138,384
89,913
53,301
37,347
4,024
57,748

337,576
138,174
89,689
53,606
37,207
3,928
55,621

330,488
145,033
91,017
60,243
37,942
4,255
36,930

325,893
144,425
90,004
60,454
37,668
4,077
35,711

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

287,986
127,882
77,205
21,515

287,479
126,986
77,716
21,692

287,254
126,988
78,273
21,043

287,140
127,056
78,927
20,151

286,220
126,483
79,295
19,406

292,948
126,571
89,968
12,072

290,549
124,389
89,363
12,770

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

212,547
125,987
32,735
4,722
37,601

209,592
124,569
32,325
4,396
36,786

206,820
122,116
32,884
4,192
36,076

204,854
125,433
32,857
4,024
30,913

201,783
124,039
32,721
3,928
29,403

187,917
118,083
33,503
4,255
19,327

184,049
116,214
33,262
4,077
17,785

23,061
9,569
5,358

22,873
9,443
5,328

22,644
9,296
5,266

22,610
9,295
5,224

22?484
9,231
5,168

22,800
9,046
5,119

23,321
9,045
5,649

209,949
79,203
56,933
4,496

207,252
78,126
55,752
4,479

206,235
77,598
55,103
4,498

205,441
77,544
54,233
4,490

205,314
77,823
53,711
4,486

202,243
76f7BS
49,946
4,439

200,313
76,245
49,413
4,406

6,614

6,464

6,581

6,684

6,812

5,531

5,156

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

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 covers most short- and intertnediate-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. 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 working day of each month.
date and time may be obtained by calling (202) 452-3206.




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