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FEDERAL

RESERVE

statistical

release
FOR IMMEDIATE RELEASE
SEPTEMBER 8, 1976

G.19

CONSUMER INSTALMENT CREDIT - JULY 1976

CONSUMER INSTALMENT CREDIT INCREASED IN JULY BY SI.3 BILLION, AFTER
SEASONAL ADJUSTMENT, ALMOST EQUALLING THE $1.33 BILLION EXPANSION IN JUNE.
GROWTH IN AUTOMOBILE AND BANK-CARD CREDIT EXCEEDED THE JUNE FIGURES BUT WERE
OFFSET BY SMALLER GAINS IN HOME IMPROVEMENT AND CREDIT FOR "ALL OTHER" PURPOSES.
EXTENSIONS OF INSTALMENT CREDIT TOTALED S15.2 BILLION IN JULY, DOWN
SLIGHTLY FROM THE $15.6 BILLION ADVANCE OF JUNE. LIQUIDATIONS MERE ALSO DOWN
DURING THE MONTH TO $13.9 BILLION. EXTENSIONS OF CREDIT UNDER BANK-CARD PLANS
RfcACHED A NcW HIGH DURING JULY AT MORE THAN $2.1 BILLION. A SMALL INCREASE IN
THE VOLUME OF MOBILE HOME CREDIT WAS ALSO RECORDED.
CONSUMER INSTALMENT CREDIT -

JULY 1976

(IN MILLIONS OF DOLLARSI

INSTALMENT CREDIT, TOTAL

1
LATEST
1
1
1
JULY 1976 1 JUNE 1976 | JULY 1976 I JULY 1975 | 12 MONTHS
K N O T SEAS. AD J.)
(NOT SEAS.ADJ.)
|
I (SEASONALLY ADJ.)

AMOUNT EXTENDED:

I
1

1

AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALL OTHER
AMOUNT

LIQUIDATED

NET CHANGE IN AMOUNT
OUTSTANDING:
AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING (1)
ALIL OTHER
AMOUNT OUTSTANDING,
END OF MONTH

i

1
i
1
1
1

i
15,2401

j

4,4771
2821
381!
2,1521
4011
7,5461

1
1

1
I

|

1
4,6001
2721
4101
2,0881
4351
7,7861

1
1

13,9371

14,2611

i
I

1
I

I
!
1
{
|
|
|
|

i
15,5921

1
1,3031
i
5561
-371
191
1711
271
5671
1
1

1
(2)

|

1
1,3301

1
5261
-421
791
98|
14|
655|
1
1
(2)
I

1
16,1941

1
4,949|
3161
4511
2,145|
405 1
7,9281

1
1
14,1841

1
1
2,0101

1
9911
-161
851
1941
301
726|

1
1
168,6741

1
15,2071

1
4,6051
3271
4451
li741|
3531
7,7351

178,096
53,730
3,346
4,771
23,327
4,547
88,374

1
1
13,3321

1
1
1,8751

1
7391
-14|
1081
1031
371
9021

1
1
154,5201

163,944
14,151 15)
(6)
16)
€6)
(6)
(6)
(6)
(2)

NOTE: CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT- AND INTERMEDIATE-TERN CREDIT
EXTENDED THROUGH REGULAR BUSINESS CHANNELS TO FINANCE THE PURCHASE OF GOODS
AND SERVICES FOR PERSONAL CONSUMPTION, OR TO REFINANCE DEBTS INCURRED FOR
SUCH PURPOSES, AND SCHEDULED TO BE REPAID IN TWO OR MORE INSTALMENTS.
MORTGAGE CREDIT IS EXCLUDED.
(1)
BANK CHECK CREDIT AND OTHER BANK REVOLVING CREDIT.
(2)
NOT APPLICABLE.
(3)
RETAIL STORES AND CATALOG ORDER*
(4)
MUTUAL SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND AUTO DEALERS.
(5)
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEXT
TO LAST COLUMN ON THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODS.
(6)
FOR VALUES SEE THE NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
•CHANGE FRO*. END OF JUNE 1975 AMOUNT N.S.A."




CONSUMER INSTALMENT CREDIT BY HOLDER ANO TYPE -

JULY 1976

C1N MILLIONS OF DOLLARS)

E X T E N D E D
1
1
1

TOTAL

JULY
1976
S.A.

1

HOLDER AND TYPE

13,2401
1
1
1
1
7,3581
2 , 8 6 11
2,3291
2,533 1
159 1
1
1
1
4,477 1
1
2,6801
1*417 1
1»263 1
891
879
27
1
1

BY HOLDER
COMMERCIAL BANKS
FINANCE COMPANIES
CREDIT UNIONS
RETAILERS
(2)
OTHERS
13)

1
1
1
!
1

BY CREDIT TYPE
— . „ • • • • • - •

AUTOMOBILE, TOTAL
1
1
1
1
I
1

COMMERCIAL BANKS
I N D I R E C T PAPER
DIRECT LOANS
FINANCE COMPANIES
CREDIT UNIONS
OTHERS
(3)
MOBILE HOME
COMMERCIAL BANKS
FINANCE COMPANIES

i

1
1
1
1

223 1
59 1

JUNE
1976
S.A.

1
1
1
1

15,5921
1
1
1
1
7t289|
2,9861
2,456|
2,6501
2111
1
1
1
4,600|
1
2,6601
I t 386|
lt274|
9351
9681
36|
1
1
1
204|
6B|

1
HOME IMPROVEMENT,

1

381 1

TOTAL

4101

1
COMMERCIAL BANKS

240

2351

1
1

REVOLVING
BANK CREDIT CARD
BANK CHECK CREDIT

I

2,152
4011

I

7*5461

1
2,0881
435|

1
ALL OTHERt TOTAL
CQMH. BANKS* TOTAL
PERSONAL LOANS
FINANCE C O S . , TOTAL
PERSONAL LOANS
CREDIT UNIONS
RETAILERS
OTHERS

I
j
1
|
|
1
|

1.661
1*174|
1,9071
1*535|
i»403|
2.5331
43|

7,7861
1
1,6661
I t 2211
1,9811
1*641|
1*4401
2»650f
50|

L I

11
.

INSTALMENT C R E D I T , BY

JULY
I
|
1976
| N.S.A.
1

JULY
1975
S.A.

Q U I

| 1
|1
|1
11

JULY
1976
S.A.

I
|
|
1

JUNE
1976
S.A.

1
1
|

| JULY
I
1976
I N.S.A.

JULY
1975
S.A.

1

14,0891
I
1
1
1
6,4411
3,075|
2,0981
2,2081
2671

16,19*1 1

13*9371

11
11
11
11

1
1
1
1

1
1
1
1
1

6.7391
2,5971
1*964|
2»417|
2201

1

11
11
11

1
1
1

4,9491 1
11
2,9861 1
1,605| 1
1*3811 1
1*0321 1
8951
361 \
11
1
11
249||
671

3*922|

4,074|

1

1

I

1
1
4,1041
1
2,394|
lt320|
1,074|
825 1
8471
381

1
•
1
2231
611

1
372»

1
2261

1
1
|

1,6841
336 f

i

7«309|

\
1*5781
1* 1031
2*180f
1*879)
1*2101
2*2081
1321

7,8*71
3,1631
2,5991
2,3881
1971

1

4511

1
28611

1
II
1
2*145||
40511

II
7*928 1
IJ
1*7761!
1*23811
2*05911
1*66111
1*65611
2*38811
49||

2*35*1
1*357|
996|
784|
745|
39|

1
1
1

2511
681

1
3621

1
218)

1
I
1
I f 9811
3741

1

14.2611

1
1
1
1
6*8791
2*7561
1*974|
2*4361
2161

1
I
1
2*432)
1*354|
1*0771
8191
7831
401

»
1
I
2471
681

1
3301

1
2061

1
1

I
1*990|
4211

1

6.9791

7*1321

I

)

1*5601
I f 104|
1*7371
1*392|
1*1831
2*4171
821

12,8031

1*5851
1*1351
1*8661
1*5461
1,1581
2*4361
871

1
1
1
1
6*0351
2.5651
1*7821
2*222|
198)

1
1
1
3*719)

1
2*2431
1*2691
974)
7121
725)
381

1
1
•
2471
67)

1
321)

1
1971

1
1
)
1*591)
3191

1

6*539)

1
1*439|
1*005)
1*779|
1*422)
1*025)
2*2221
73)

NET I 1 0 U T S 1 A N O I N ft
r
CNG I
| | J U L V I I END OF | CHANGE 1
KROM ENO
JULY
| OF
11 1 9 7 6 1 I
JULY 1 9 7 5
|| S.A.I 1
1976
| AMOUNT 1 PER
H <1> I I N . S . A . | N . S . A . 1 CENT

II

D A 1 E D

i

14*184||

13031 I

II
II
II
II
6*767||
2*627||
2*207|)
2*36111
22211

11
11
11
11
619)
264)
365)
116)
-611

166,67*1 14*154 1

1
1
1
1
1

81*9301
38*026|
28*2341
16*6601
3*824)

II
II
II

11
11
11

3*95811

5561 1

57*659|

II

2*379|)
1*366||
1*013||
79211
747||
40||

11

1

327) 1
60||
26711
108) 1
135) 1
-13) 1

33*8771
19*1511
14*7261
12*5731
10*749)
460)

II
II
II

II1
1
1

)
1
1

255||
77)|

-281
-9)

II

II

3661)

19)1

M

II !

22311

2211

II
II

II
II

1*951||
37511

17111
2711

II

II
II

II

7*2031)

567)1

II

II

1*58$II
1*124||
It751||
It393||
1*423)1
2*361||
83||

101II
7011
17011
14311
22011
11611
-3911

8*3841
3*333|

S.A. AND N.S.A. DENOTE SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED DATA* RESPECTIVELY.

1
1
1
1
I

8.1
6.4
20.1
4.4
8.0

6*786 1

13.3

3*1*3 1 10.2
905 1
5.0
2*239
17.9
16.8
1*806
1,80*
20*2
33
7.7

-393
-123

-4.5
-3.6

1
8*452)

6651

8.5

360!

7.5

1*3811
2041

16.6
7.8

5*6331

7.8

1*474|
1*2161
6121
7341
2*760|
6971
701

7.2
8.7
2.9
4.2
20.1
4.4
6.9

1
5*1921

1
1
1
9*725|
2*8351

1
78*266)

1
21*917)
15*148)
21*9831
18*079)
16*635)
16*6601
1*091)

NET CHANGES FOR ALL MONTHS EQUAL EXTENSIONS MINUS LIQUIDATIONS (REPAYMENTS, CHARGEOFFS, ANO OTHER CREDITS),
EXCLUDES 30-0AY CHARGE CREDIT HELD BY RETAILERS* OIL AND GAS COMPANIES, ANO TRAVEL ANO ENTERTAINMENT COMPANIES
AMOUNTING TO $2236 MILLION AT THE END OF JULY. THIS REPRESENTS A DECREASE OF 86 MILLION FROM THE ENO OF
JUNE ON A SEASONALLY AOJUSTED BASIS AND AN INCREASE OF 895 MILLION ON AN UNADJUSTED BASIS.
; : ? MUTUAL SAVINGS BANKS, SAVINGS ANO LOAN ASSOCIATIONS, AND AUTO DEALERS.
,*




6,170
2*276
4*727
697
26*

1
1
1

U>
12)

NOTE:

9.2

1
1
1
1


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102