Full text of G.19 Consumer Credit : September 8, 1978

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•ijS£2t&

FEDERAL

RESERVE

statistical

release
FOR IMMEDIATE RELEASE
SEPTEMBER o , 1 9 7 t

CbNSUMtk INSTALMENT CRtDIT

-

JULY 1 9 7 *

CUNSUMEk INSTALMENT CRcDIT OUTSTANDING EXPANDED I N JULY BY $ 3 . 3 0 b l L L l O N ,
AFTtR SEASONAL ADJUSTMENT, COMPARED WITH $ 3 . 7 9 b l L L I O N THE PREVIOUS MONTH.
THE ANNUAL
KATE OF tKUWTH I N JULY MAS 17 PtR CENT COMPARED WITH 20 PER CENT I N JUNE AND THE SECOND
DUARTtR.
I N UuLLAR TERMS. THE JULY GAIN WAS THE SMALLEST SINCE FE6RUAKY BUT STILL HIGH
bY HISTORICAL STANDARDS.
INSTALMENT CRfcUJT NEWLY EXTENDED DECLINED $346 M1LLIUN I N JULY TU
$ 2 2 . 3 3 B I L L I O N , SEASONALLY ADJUSTED, WHILt LIQUIDATION OF EXISTING OEbl EDGED UP TO A
NEW HIGH OF $ 1 9 . 0 3 B I L L I O N , RESULTING I N THE SMALLER $ 3 . 3 0 B I L L I O N CHANGE I N
OUTSTANDINGS.
NET EXPANSION SLOWED MARKfcDLY DURING JULY I N THE LARGE M ALL OTHER* CATEGORY—
WHICH INCLUDES PERSONAL CASH LOANS AT FINANCIAL INSTITUTIONS AND CREDIT GRANTED bY RfcTAlL
FIRMS—WHILE AUTO CREDIT GREW bY ABOUT THE SAME AMOUNT AS I N JUNE.
U N MILLIONS OF DOLLARS)
INSTALMENT CREDIT, TOTAL

JULY 1978 | JUNE l y 7 b
(SEASONALLY A D J . )

AMOUNT EXTENOEDs
AUTOMOBILE
MOBILE HOME
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING < U
ALL OTHER

MOUNT

L100IDATED

NET CHANGE I N AMOUNT
OUTSTANDING*
AUTOMOBILE
MOBILE HONE
HOME IMPROVEMENT
BANK CREDIT CARD
OTHER REVOLVING ( I I
ALL OTHER
AMOUNT OUTSTANDING,
END OF MONTH

22,3321
«
7,1561

517!
7361
3,466|
5991

9,B5B|
I
I
19,0311

I
I

I
I

22,6801

I
7,2411
4601

6011
3,482!
694|

10,0021
I
I
16,8881

1
I

3,3011
I
1.5201
1041

3,7921
I
It543|

1561
3981
271
1,0961
I
I
(2)
|

2091
362|
901
lt573|
I
•
(2)
I

15|

JULY 197b I JULY 1977 |LATEST 12 MONTHS
(NUT SEAS.AOJ.)
KNOT SEAS.ADJ.)
22,4*4|

I

7,529|
5581
808|
3,300)
5651
9,644!
I
(

16,6321
I
I
3,792|

18,801!
!
6,2851
464!
740!

2,453!
493!
6,346!

I
I
15,6311

!
!

I

2,969!

1,9061
129|
22B1
3601
46!

lt472!
86|
230|
I92|
65!
925!

1,1211
I
2 3 7 , 1 9 7 !I

246,723
80,317
5,606
8,820
36,963
6,763

110,254
211,473
37,250

I

(4)
(4)
(4)
(4)
(4)
(41

!

1 9 9 , 9 6 6 1!

(2)

NOTE* CONSUMER INSTALMENT CREDIT CONSISTS OF SHORT- AND INTERMEOIATE-TERM CREDIT
EXTENOEO THROUGH REGULAR BUSINESS CHANNELS TO FINANCE THE PURCHASE OF GOODS
ANO SERVICES FOR PERSONAL CONSUMPTION, UR TO REFINANCE DEBTS INCURRED FOR

(1)
U>
(3)

(4)

SUCH PURPOSES, ANC SCHEDULED TO BE REPAID IN TWO OR MORE INSTALMENTS.
MORTGAGE CREOIT GENERALLY IS EXCLUDED. DETAILS MAY NOT AOO TO TOTALS DUE TO
ROUNOING.
BANK CHECK CREDIT AND C1HLR BANK REVOLVING CRtOlT.
NOT APPLICABLE.
A VALUE FOR THE UNADJUSTED NET CHANGE IN OUTSTANDINGS APPEARS ALSO ON THE NEX~
TO LAST COLUMN a: THE NEXT PAGE, BUT MAY VARY SLIGHTLY, DUE TO DIFFERENT
AGGREGATION METHODSr
FOR VALUES SEf THC NEXT TO LAST COLUMN ON THE NEXT PAGE UNDER THE HEADING
•CHANGE




FROM E N D or J U L Y

1977 A M O U N T

N.S.A."

(3)

CONSUMER INSTALMENT CREOIT 6V HULDfcR ANO T Y P t

*

JULY

1978

U N M I L L I O N S OF DOLLARS I

I

E X T E N D E D
INSTALMENT C R E D I T *
HCLutH ANO T Y P t

TOTAL

6Y

|
|
|

6Y CREulT TYPt
AUTOM06ILE* TOTAL
COMMERCIAL OANKS
INDIRECT PAPER
DIRECT LOANS
FINANCE COMPANIES
C R E D I T UNIONS
OTHERS
<3)

MOolLt HOME* TOTAL
COMMERCIAL 6ANKS
FINANCE COMPANIES
HUME IMPROVEMENTt TOTAL
COMMERCIAL 6ANK$
REVOLVING
6ANK C R E D I T CARD
BAN* CHECK C R E D I T
TOTAL

RETAILERS
OTHERS

(1)
(2>
(3)

I
|
|

JULY
1977
S.A.

I

I

I

I

2**680!

18*632!

22*424!

I
t

«

I
I
I

11*3291
4.113!
3»433|
3*18i>|
620|

9*1431
3*335!
2*663!
2*951|
540!

I
I
I
I

I
I

I

7tl56|

7*241!

5*967!

I

I

ll»31S|
4*0761
3*1281
3,300*

3111
I
I
I
4*267!
2*3291

1.9381
l»20tt»
1*624!
571
I
517!
I
3341

an

I
73b!
I
3901

I
I
I
3*466|
599!

I
9*858!

COMM. BANKS*- TOTAL
PERSONAL LOANS
FINANCE C O S . * TOTAL
PERSONAL LOANS
CRE01T UNIONS

JUNE
1978
S.A.

22,332,

HGLUtR
COMMERCIAL BANKS
FINANCE COMPANIES
CKfcUlT UNIONS
RETAILORS
(2)
OTHERS
13)




JULY
1978
S.A.

I
»
I
I

ALL OTHER*

|
JULY
|
1978
| N.S.A.

1
I
I
!

6V

I
2t259|
lt574j
2*773!

2,2111
1*335!
3*300!
191!

4*178!
2*305!

I*b73»
1.2761
1»721|
64!

I

460!
I
2711
69!
I
8011
I
3901
I

»
!

I
I
3*5541

3*1651
*67|

7*529r

I

455!

267!

357!
911
I
8061

I

55|
I
671!
330!

I
I
I

8*476!
I
1*9281

1*501!

5331
I
I
I

556!

I

10*0021
I
2*314!
1*614!
2»231|

2.9591

4*574!
2*509!
2*065!
1»286|
l*60o!
631

2*5661
4991

2*7551

4*2131
3*117!

1*903!
1*6511
9631
1*402!
48!

3*4621
694!

i

11*602!

I

1*350!
2*309!
1*636!

1*1131
2*951!
175|

I

I

!

4511
»
I
li
3*3001
d85|

!
9*o44!

I

2.335!
1.584!
2.6171
2*2361
1.3361
2*9$9T
1971

L I Q U I D A T E D
JULY
1977
S.A.

JUNE
1976
S.A*

JULY
197a
S.A*

19*0311

I
I
I
I

lo*666|

!

9*369i
3*560!
2*5971
2.9031
459!

I

I

!
I
3*330!
1*776!
1*554!
837!
1*418!
511

I

*m
255!
671

!

560!

I

209!

!
I
!

3*068!
5721
I
6*762!

»

1*886!
1.3541
2.563!
1**73 T
1*202!
2*936!

175|

18,632

END OP
JULY
1978
N.S.A.

3301!

237.197

37,229

18.6

7*993
2*611
2*295
2.665
404

9,237
3*393
2*703
2*637
462

6051
369|
364!
48!

117*110
47*967
41*602
*0*432
9*686

19,319
6,569
7,680
2,295
1,366

19.6
15*9
22.5
12.7
16.0

1520!

90*671

16,370

22.0

52*938
29*496
23*442
16*327
20*754
652

9,730
5.762
3.968
2.730
3.816
94

22.5
24.3
20.4
20.1
22.5
16.9

15*438

725

4.9

9.061
3.123

300
-3

3.4
-.1

14*260

2.235

16.6

7*129

1.107

18.4

15*288
4*043

3.534
748

30.1
22.7

97*497

13.617

16.2

28*651
19*301
28*336
22*906
17,511
20,432
2,567

3,699
2,379
3,798
3,098
3,214
2,295
410

15.8
14.1
15.5
15.6
22.5
12.7
19.0

1915)

!
3,23*1
l»751t
1*461!

1*0791
1*3301
69!

I

4.696

2*970
1,616

1*354
666
1.194
46

5*623

3*346
1*783
1*565
822

1*401
52

397

429

248
66

263
71

506

580

445!

I

272!
76!

!

592!

I

254

286

295!

!
!

I
3*1201
604!

»
8*4291
I
1*846!

1.3111
2.3971
1.^30!

1*116!
2.903!
165!

CHANGE PROM ENO
OP
JULY 1 9 7 7
PER
AMOUNT
CENT
N.S.A.

I
\
»

!
5*6961

O U T S T A N D I N G

I
I
I
I

I
I
I

9*400!
3*473!
2*759|
2,936|
463!

5*636|

16*166

NET |
CHG |
JULY!
197b |
S.A.I
U )
I

2.382
459

2*940
537

7,525

8*523

1*680
1*207
2*049
1*609
964
2*665
146

1*861
1*331
2*493
1*877
1*162
2*837
170

I
9371
5531
364|

3711
206|
6!

I

104!
I
79|

14»
I
156!

!

ion

I
I
I
3961
271

!

10961
I
3731
2201
2101
238|
133!
364!
16!

NET CHANGES FOR ALL MONTHS EOUAL EXTENSIONS MINUS L I Q U I D A T I O N S iREPAYMENTS, CHARG&OFFS* AND OTHER C R E D I T S ) .
EXCLUCcS 3 0 - 0 A Y CHARGE CREOIT HELD 8Y R E T A I L O R S * O I L ANO GAS COMPANIES* AND TRAVEL ANO E N T t R T A l N M t N T C O M P A N I E S .
MUTUAL SAVINGS BANKS. SAVINGS ANO LOAN A S S O C I A T I O N S . ANO AUTO O E A L E R S .
NOTfcl

S . A . ANO N . S . A . DENOTE SEASONALLY AOJOSTED ANO NOT SEASONALLY
D E T A I L S MAY NOT ADO TO TOTALS 0 0 E TO ROUNDING.

ADJUSTED DATA*

RESPECTIVELY.