Full text of G.19 Consumer Credit : September 9, 1991

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FEDERAL RESERVE statistical release
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For immediate release
September 9, 1991
G.19

CONSUMER INSTALLMENT CREDIT
Consumer installment credit outstanding declined $0.8 billion in
July, following a $1.7 billion decrease in June. Revolving credit
increased at about the same slow pace as in June, while other categories
showed declines.
Net change in
amount outstanding
(millions of dollars)

...
Jul

Annual rate of growth
(percent)
1991
Jul p
Jun r
May

1991

P

Jun r

May

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

-838
-880
474
-259
-173

-1,6 98
-1,998
435
111
-246

-1,331
-3,252
1,307
-302
915

-1.4
-3.8
2.5
15.6
-1.0

-2.8
-8.7
2.3
6.7
-1.4

May

1990Aug

11.28
15.16
13.80
18.22

11.89
15.46
14.09
18.18

1991Aug

Jul

Jun

-2.2
-13.9
6.9
-18.0
5.3

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




11.06
15.24
13.73
18.24

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

.
.
.
.

12.55
15.66

12.77
15.74

12.95
15.85

12.62
15.98

n .a .
n .a .

55.5
47.4

55.5
47.3

55.4
47.3

54.8
46.2

n .a .
n .a .

88
96

88
97

87
96

86
96

n .a .
n .a .

12,572
8,989

12,343
8,916

12,204
8,873

11,939
8,415

CONSUMER INSTALLMENT CREDIT, BY HOLDER AND TYPE 1/
Millions of dollars
Jul p
1991

Jun r
1991

May
1991

Apr
1991

Mar
1991

Jun
1990

Jul
1990

seasonally adjusted
Total
Automobile
Revolving
Mobile home
Other

729,753

730,591

732,289

733,621

732,442

732,750

730,355

273,616
228,211
19,647
208,278

274,496
227,737
19,907
208,451

276,494
227,301
19,796
208,697

279,746
225,994
20,098
207,782

280,689
224,817
20,123
206,813

288,136
215,119
21,211
208,284

288,797
212,043
21,761
207,754

not seasonally adjusted
727,546

728,023

727,717

727,907

725,462

730,660

727,956

333,776
134,120
92,296
39,012
36,392
4,712
87,238

333,442
133,903
91,924
39,827
36,702
-4,591
87,634

334,746
134,045
91,549
40,764
36,782
4,507
85,324

336,425
133,462
91,413
41,707
37,817
4,357
82,726

335,754
131,552
90,772
42,491
38,497
4,296
82,100

336,658
138,796
92,260
53,541
39,165
4,396
65,844

334,138
138,642
91,800
54,517
39,767
4,192
64,900

Automobile
Commercial banks
Finance companies
Pools of securitized assets 3/

274,273
121,221
70,444
25,609

275,018
121,605
70,304
26,039

275,582
121,631
69,689
27,085

277,508
122,710
70,500
26,875

277,798
123,411
69,233
27,775

288,741
126,475
77,716
22,099

289,259
126,897
78,273
21,743

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

226,157
124,641
32,076
4,712
53,094

225,596
124,106
32,381
4,591
52,897

224,301
126,047
32,458
4,507
49,667

222,627
126,009
33,513
4,357
<*7,116

221,400
124,619
34,179
4,296
46,722

213,140
125,248
34,731
4,396
36,785

210,050
122,516
35,320
4,192
36,077

19,671
9,584
5,669

19,875
9,652
5,652

19,721
9,386
5,595

20,052
9,565
5,574

20,030
9,632
5,328

21,245
9,005
5,328

21,724
9,208
5,266

207,445
78,330
58,007
4,316

207,534
78,079
57,947
4,321

208,113
77,682
58,761
4,324

207,720
78,141
57,388
4,304

206,234
78,092
56,991
4,318

207,534
75,930
55,752
4,434

206,923
75,517
55,103
4,447

8,535

8,698

8,572

8,735

7,603

6,960

7,080

Total
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 cover 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 mid-month of each quarter. 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 business day of each month.
date and time may be obtained by calling (202) 452-3206.




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