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FEDERAL RESERVE statistical release
For immediate release
September 10, 1990

G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding rose $4.47 billion in July,
after remaining virtually unchanged in June. Over the first seven months of
1990, monthly installment credit growth has averaged $1.78 billion — down
from the $4.42 billion average of the previous two years. The July increase
was concentrated in revolving and "other" credit outstanding.
Automobile
loans contracted while outstanding mobile home borrowings were about
unchanged in July.
Net change in
amount outstanding
(millions of dollars)
1990
Jul p
Jun r
May

Annual rate of growth
(percent)
1990

Jul p

Jun r

May

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

4,465
-534
3,766

116

3,650

-1,764
1,208

-5
3,188

-83
753

113
353

33
1,201

7.4
-2.2
21.7
1.7
7.0

0.2
-7.3
7.0
-4.3
4.4

6.1
-0.0
18.8
6.0
2.1

1990-

Aug

Jul

Jun

May

1989Aug

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
Other terms at
auto finance companies
Maturity (months)
New car loan
Used car loan
Loan-to-value ratio (percent)
New car loan
Used car loan
Amount financed (dollars)
New car loan
Used car loan




11.89
15.46
14.09
18.18

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

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

11.82
15.41
14.09
18.14

12.13
15.45
14.13
18.07

n.a.
n .a .

12.68
15.96

12.58
16.00

12.23
16.03

12.22
16.31

n.a .
n.a.

54.9
46.2

54.8
46.2

54.5
46.1

52.9
46.2

n.a.
n.a.

86
96

87
95

87
96

90
96

n.a.
n.a.

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
Jul p
1990

Jun r
1990

May
1990

Apr
1990

Mar
1990

Jul
1989

Jun
1989

^seasonally adjusted
Total

729,066

724,485

720,835

720,445

700,000

697,262

286,634
212,128
22,766
207,539

Automobile
Revolving
Mobile home
Other

724,601
287,168
208,362
22,733
206,338

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

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

290,932
202,263
22,708
204,543

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

290,583
184,239
23,309
199,130

not seasonally adjusted
726,933

722,953

720,045

715,801

713,138

698,232

695,602

339,657
138,796
90,288
52,503
36,804
4,396
64,489

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

334,645
137,857
89,556
54,095
37,302
3,792
55,891

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

324,967
143,858
89,694
60,208
37,899
3,957
35,019

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

287,322
127,509
77,716
21,239

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

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

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

286,539
126,289
79,523
19,563

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

290,554
124,596
89,312
12,699

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

209,582
124,602
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

199,937
122,024
32,794
3,792
29,542

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

182,839
115,580
33,486
3,957
17,172

22,843
9,443
5,328

22,644
9,296
5,266

22,610
9,295
5,224

22,484
9,231
5,168

22,426
9,142
5,178

23,321
9,045
5,649

23,218
9,004
5,659

207,186
78,103
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

204,236
77,190
53,156
4,508

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

198,991
75,787
48,887
4,413

6,464

6,581

6,684

6,812

6,786

5,156

5,148

Total
Major holder
Commercial banks
Finance companies
Credit unions
Savings institutions
Retailers
Gasoline companies
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 Boardfs series on amounts of credit 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. 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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