Full text of G.19 Consumer Credit : September 10, 1990
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 Automobile Revolving Mobile home Other 729,066 724,601 724,485 720,835 720,445 700,000 697,262 286,634 212,128 22,766 207,539 287,168 208,362 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. The exact