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Release Date: June 11, 1996
Release dates | Historical data
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Consumer installment credit data have been revised to
incorporate results of the annual benchmark and updated seasonal
adjustment factors. In addition, the measure of consumer credit has
been broadened to include noninstallment consumer credit, which
currently amounts to about $65 billion, or 6 percent of the total of
installment plus noninstallment credit; this change has had little
impact on long-term growth trends. Consumer credit will continue to
be reported as three separate components: automobile credit, revolving
credit, and `other' credit. All noninstallment credit will be
included in the `other' category.
This release includes revised data from the beginning
of 1990. A diskette containing complete historical data for all
series shown in this release is available from the Federal Reserve
Board's Publications Section , Mail Stop 127, Board of Governors of
the Federal Reserve System, Washington, DC, 20551, (202) 452-3245.
G.19 CONSUMER CREDIT For immediate release
1 April 1996 June 11, 1996
Consumer credit outstanding grew at a 6.9 percent seasonally adjusted annual rate in April. The consumer installment credit data have been
revised to reflect annual benchmarking and recalculation of seasonal factors. In addition, the measure of consumer credit has been
broadened to include noninstallment consumer credit; this change has had little impact on long-term growth trends.
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
1995 1996
_______________________________________________________________________ _______________________________
Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r Jan. r Feb. r Mar. r Apr. p
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
--------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 13.2 16.3 14.7 12.2 14.3 16.8 8.9 12.9 9.7 11.3 11.6 10.0 6.9
Automobile 6.4 12.6 8.8 15.4 8.3 6.4 10.8 10.8 13.2 4.8 8.0 5.1 10.8
Revolving 14.2 26.4 22.5 10.8 24.6 29.1 15.2 8.4 19.2 14.9 19.3 15.3 20.2
Other 3 19.2 8.6 11.7 10.4 8.3 12.9 -0.6 20.5 -5.4 13.5 5.8 8.6 -13.6
Amount: billions of dollars
Total 1,010.7 1,024.4 1,037.0 1,047.5 1,059.9 1,074.7 1,082.7 1,094.4 1,103.2 1,113.5 1,124.3 1,133.6 1,140.2
Automobile 326.8 330.2 332.6 336.9 339.2 341.0 344.1 347.2 351.1 352.5 354.8 356.3 359.5
Revolving 363.8 371.8 378.8 382.2 390.1 399.5 404.6 407.4 413.9 419.0 425.8 431.2 438.5
Other 3 320.1 322.4 325.6 328.4 330.6 334.2 334.0 339.7 338.2 342.0 343.7 346.1 342.2
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TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
--------------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. 9.78 n.a. n.a. 9.44 n.a. n.a. 9.36 n.a. n.a. 9.12 n.a. n.a.
24-mo. personal n.a. 14.03 n.a. n.a. 13.84 n.a. n.a. 13.80 n.a. n.a. 13.63 n.a. n.a.
Credit card plan
All accounts n.a. 16.15 n.a. n.a. 15.98 n.a. n.a. 15.81 n.a. n.a. 15.82 n.a. n.a.
Accounts assessed interest n.a. 16.23 n.a. n.a. 15.94 n.a. n.a. 15.71 n.a. n.a. 15.41 n.a. n.a.
New car loans at auto finance companies
Interest rates 11.74 11.43 11.08 11.01 10.85 10.75 10.89 10.84 10.52 9.74 9.86 9.77 9.64
Maturity (months) 54.6 54.4 53.9 54.1 53.5 53.4 54.6 54.5 53.6 51.8 52.3 51.8 51.5
Loan-to-value ratio 92 92 92 92 92 92 92 92 92 92 91 91 91
Amount financed (dollars) 16,029 16,155 16,083 16,086 16,056 16,402 16,430 16,583 17,034 16,698 16,627 16,520 16,605
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This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------
1995 1996
_______________________________________________________________________ _______________________________
Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r Jan. r Feb. r Mar. r Apr. p
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
-----------------------------------------------------------------------------------------------------------------------------------------
Total 1,000.6 1,014.8 1,029.7 1,038.3 1,057.8 1,077.5 1,084.1 1,101.4 1,131.7 1,123.8 1,121.3 1,123.3 1,129.4
Major holders
Commercial banks 470.1 473.9 476.3 480.5 490.4 492.4 491.8 496.0 507.4 502.4 500.1 499.8 504.7
Finance companies 137.8 139.6 141.7 142.2 145.5 146.2 148.7 147.1 152.6 152.6 154.4 151.7 153.3
Credit unions 121.4 122.8 125.7 126.8 128.7 129.2 130.3 130.9 131.9 131.3 130.8 130.8 131.9
Savings institutions 37.8 38.2 38.5 38.9 39.3 39.7 40.1 40.5 40.1 40.0 40.0 40.0 40.0
Nonfinancial business 79.1 80.0 80.5 80.0 78.6 78.3 78.8 77.9 85.1 80.7 78.1 76.7 73.8
Pools of securitized assets 5 155.5 161.5 168.1 170.5 174.8 192.4 194.5 208.9 214.6 216.8 217.9 224.3 225.8
Major types of credit 6
Automobile 323.0 327.9 331.4 335.7 340.5 344.1 348.1 351.0 354.3 352.0 352.6 352.6 355.1
Commercial banks 141.4 141.7 143.0 145.5 147.2 146.9 150.1 148.0 149.1 148.2 147.7 148.5 150.5
Finance companies 62.4 63.7 65.2 65.9 68.3 68.9 70.8 68.2 70.6 71.4 73.3 72.1 73.8
Pools of securitized assets 5 35.0 36.7 37.1 37.4 36.9 39.1 37.2 44.7 44.6 42.6 41.8 42.9 40.6
Revolving 358.3 366.8 374.6 376.9 387.5 399.3 404.0 410.5 435.7 426.0 424.7 425.8 431.7
Commercial banks 182.1 185.9 187.3 187.4 195.4 195.0 195.9 197.1 210.3 200.1 198.9 196.8 201.9
Nonfinancial business 50.9 51.7 52.1 51.7 49.8 49.6 50.0 48.5 53.5 50.5 48.6 47.4 44.5
Pools of securitized assets 5 104.8 108.4 114.1 116.5 120.3 132.8 135.7 141.9 147.9 151.6 153.4 157.7 161.2
Other 320.5 321.2 324.8 326.3 329.2 334.8 332.1 339.8 341.8 345.8 344.1 344.9 342.6
Commercial banks 146.6 146.3 146.0 147.7 147.7 150.5 145.7 150.9 148.0 154.1 153.6 154.5 152.3
Finance companies 75.4 75.9 76.6 76.3 77.3 77.3 77.9 78.9 82.0 81.2 81.1 79.6 79.5
Nonfinancial business 28.1 28.3 28.4 28.4 28.7 28.7 28.8 29.4 31.5 30.2 29.5 29.3 29.2
Pools of securitized assets 5 15.7 16.4 16.9 16.6 17.5 20.4 21.5 22.3 22.1 22.6 22.7 23.7 24.1
-----------------------------------------------------------------------------------------------------------------------------------------
1. Covers most short- and intermediate- term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education,
boats, trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges
at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which
no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and
are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
G.19 CONSUMER CREDIT For immediate release
1 December 1995 June 11, 1996
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
1994 1995
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
--------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 14.1 14.5 7.5 18.8 13.2 16.3 14.7 12.2 14.3 16.8 8.9 12.9 9.7
Automobile 8.2 11.1 8.3 10.0 6.4 12.6 8.8 15.4 8.3 6.4 10.8 10.8 13.2
Revolving 10.2 24.2 21.2 24.7 14.2 26.4 22.5 10.8 24.6 29.1 15.2 8.4 19.2
Other 3 24.6 7.3 -8.4 21.1 19.2 8.6 11.7 10.4 8.3 12.9 -0.6 20.5 -5.4
Amount: billions of dollars
Total 966.5 978.1 984.3 999.7 1,010.7 1,024.4 1,037.0 1,047.5 1,059.9 1,074.7 1,082.7 1,094.4 1,103.2
Automobile 317.2 320.1 322.3 325.0 326.8 330.2 332.6 336.9 339.2 341.0 344.1 347.2 351.1
Revolving 339.3 346.2 352.3 359.5 363.8 371.8 378.8 382.2 390.1 399.5 404.6 407.4 413.9
Other 3 309.9 311.8 309.7 315.1 320.1 322.4 325.6 328.4 330.6 334.2 334.0 339.7 338.2
--------------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
--------------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 9.70 n.a. n.a. 9.78 n.a. n.a. 9.44 n.a. n.a. 9.36 n.a.
24-mo. personal n.a. n.a. 14.10 n.a. n.a. 14.03 n.a. n.a. 13.84 n.a. n.a. 13.80 n.a.
Credit card plan
All accounts n.a. n.a. 16.14 n.a. n.a. 16.15 n.a. n.a. 15.98 n.a. n.a. 15.81 n.a.
Accounts assessed interest n.a. n.a. 15.27 n.a. n.a. 16.23 n.a. n.a. 15.94 n.a. n.a. 15.71 n.a.
New car loans at auto finance companies
Interest rates 10.72 11.35 11.89 11.95 11.74 11.43 11.08 11.01 10.85 10.75 10.89 10.84 10.52
Maturity (months) 53.9 53.9 54.1 54.5 54.6 54.4 53.9 54.1 53.5 53.4 54.6 54.5 53.6
Loan-to-value ratio 92 92 92 92 92 92 92 92 92 92 92 92 92
Amount financed (dollars) 16,187 16,068 15,774 15,826 16,029 16,155 16,083 16,086 16,056 16,402 16,430 16,583 17,034
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This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------
1994 1995
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
-----------------------------------------------------------------------------------------------------------------------------------------
Total 988.8 985.4 980.4 989.3 1,000.6 1,014.8 1,029.7 1,038.3 1,057.8 1,077.5 1,084.1 1,101.4 1,131.7
Major holders
Commercial banks 462.9 460.9 459.3 463.0 470.1 473.9 476.3 480.5 490.4 492.4 491.8 496.0 507.4
Finance companies 134.8 137.5 134.8 135.8 137.8 139.6 141.7 142.2 145.5 146.2 148.7 147.1 152.6
Credit unions 119.6 119.6 119.7 120.6 121.4 122.8 125.7 126.8 128.7 129.2 130.3 130.9 131.9
Savings institutions 38.5 38.2 37.8 37.5 37.8 38.2 38.5 38.9 39.3 39.7 40.1 40.5 40.1
Nonfinancial business 86.6 82.8 80.2 79.7 79.1 80.0 80.5 80.0 78.6 78.3 78.8 77.9 85.1
Pools of securitized assets 5 147.8 148.1 150.1 154.3 155.5 161.5 168.1 170.5 174.8 192.4 194.5 208.9 214.6
Major types of credit 6
Automobile 319.7 319.4 320.4 322.0 323.0 327.9 331.4 335.7 340.5 344.1 348.1 351.0 354.3
Commercial banks 141.9 141.5 141.6 141.6 141.4 141.7 143.0 145.5 147.2 146.9 150.1 148.0 149.1
Finance companies 61.6 62.3 61.1 61.3 62.4 63.7 65.2 65.9 68.3 68.9 70.8 68.2 70.6
Pools of securitized assets 5 36.4 34.9 36.0 36.0 35.0 36.7 37.1 37.4 36.9 39.1 37.2 44.7 44.6
Revolving 357.3 352.3 351.5 355.0 358.3 366.8 374.6 376.9 387.5 399.3 404.0 410.5 435.7
Commercial banks 182.0 178.7 179.0 180.9 182.1 185.9 187.3 187.4 195.4 195.0 195.9 197.1 210.3
Nonfinancial business 56.8 53.8 52.0 51.6 50.9 51.7 52.1 51.7 49.8 49.6 50.0 48.5 53.5
Pools of securitized assets 5 96.1 97.5 98.3 102.3 104.8 108.4 114.1 116.5 120.3 132.8 135.7 141.9 147.9
Other 313.2 315.2 310.1 313.9 320.5 321.2 324.8 326.3 329.2 334.8 332.1 339.8 341.8
Commercial banks 139.0 140.8 138.7 140.5 146.6 146.3 146.0 147.7 147.7 150.5 145.7 150.9 148.0
Finance companies 73.2 75.1 73.7 74.5 75.4 75.9 76.6 76.3 77.3 77.3 77.9 78.9 82.0
Nonfinancial business 29.8 28.9 28.2 28.1 28.1 28.3 28.4 28.4 28.7 28.7 28.8 29.4 31.5
Pools of securitized assets 5 15.3 15.6 15.8 16.0 15.7 16.4 16.9 16.6 17.5 20.4 21.5 22.3 22.1
-----------------------------------------------------------------------------------------------------------------------------------------
1. Covers most short- and intermediate- term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education,
boats, trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges
at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which
no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and
are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
G.19 CONSUMER CREDIT For immediate release
1 December 1994 June 11, 1996
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
1993 1994
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
--------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 14.2 7.2 9.1 16.5 13.7 15.2 14.4 11.2 18.1 14.1 16.6 13.2 14.1
Automobile 8.4 10.2 4.4 19.6 17.4 15.8 17.2 5.5 15.8 18.4 6.8 12.3 8.2
Revolving 14.2 10.8 11.5 17.3 21.1 15.2 17.9 20.5 27.7 4.1 10.7 35.8 10.2
Other 3 20.1 0.5 11.3 12.5 2.3 14.6 7.9 7.0 10.2 20.6 33.3 -10.1 24.6
Amount: billions of dollars
Total 844.1 849.2 855.6 867.3 877.3 888.4 899.1 907.4 921.1 931.9 944.8 955.2 966.5
Automobile 279.8 282.2 283.2 287.8 292.0 295.8 300.0 301.4 305.4 310.1 311.8 315.0 317.2
Revolving 287.0 289.6 292.4 296.6 301.8 305.6 310.2 315.5 322.8 323.8 326.7 336.5 339.3
Other 3 277.3 277.4 280.0 283.0 283.5 286.9 288.8 290.5 293.0 298.0 306.3 303.7 309.9
--------------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
--------------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 7.54 n.a. n.a. 7.76 n.a. n.a. 8.41 n.a. n.a. 8.75 n.a.
24-mo. personal n.a. n.a. 12.89 n.a. n.a. 12.96 n.a. n.a. 13.33 n.a. n.a. 13.59 n.a.
Credit card plan
All accounts n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 15.69 n.a.
Accounts assessed interest n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 15.77 n.a.
New car loans at auto finance companies
Interest rates 8.80 7.55 8.93 9.13 9.71 9.92 9.96 10.17 10.32 10.13 10.39 10.53 10.72
Maturity (months) 54.0 52.9 54.4 54.0 53.8 53.5 53.3 53.9 54.2 54.3 54.9 54.6 53.9
Loan-to-value ratio 90 91 91 92 92 93 94 93 93 93 92 93 92
Amount financed (dollars) 15,097 15,330 14,904 14,821 15,067 15,194 15,180 15,319 15,283 15,419 15,827 15,971 16,187
--------------------------------------------------------------------------------------------------------------------------------------------
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------
1993 1994
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
-----------------------------------------------------------------------------------------------------------------------------------------
Total 863.9 856.6 853.7 859.9 869.8 880.7 893.3 899.3 918.2 933.9 944.5 959.6 988.8
Major holders
Commercial banks 399.7 398.6 398.4 401.1 408.4 411.7 417.4 423.9 432.7 438.2 443.0 449.0 462.9
Finance companies 116.5 117.5 118.0 120.1 122.8 122.2 124.3 123.2 125.2 130.3 131.6 132.9 134.8
Credit unions 101.6 100.2 100.3 101.6 102.7 105.7 108.2 109.7 112.9 114.3 116.0 117.5 119.6
Savings institutions 37.9 37.6 37.4 37.1 37.5 37.8 38.1 38.1 38.0 38.4 38.1 38.3 38.5
Nonfinancial business 77.2 74.1 71.8 71.7 72.2 73.0 73.3 73.9 75.0 74.7 75.0 78.1 86.6
Pools of securitized assets 5 131.1 128.7 128.0 128.5 126.6 130.8 132.6 131.4 135.3 138.9 142.0 145.1 147.8
Major types of credit 6
Automobile 281.5 281.3 281.7 285.5 289.1 293.9 299.2 300.2 306.5 313.0 315.2 318.2 319.7
Commercial banks 122.0 122.4 122.2 124.2 126.9 129.4 132.0 134.4 137.5 138.8 140.3 141.6 141.9
Finance companies 56.1 57.5 58.3 59.0 60.7 59.4 59.8 58.1 58.6 60.5 60.8 61.4 61.6
Pools of securitized assets 5 39.6 37.4 36.8 36.7 34.8 36.2 36.2 35.2 35.4 37.0 36.2 36.2 36.4
Revolving 302.2 295.1 291.8 292.9 297.4 301.5 306.7 311.1 320.6 323.4 326.1 338.9 357.3
Commercial banks 149.9 146.2 144.9 146.5 150.2 151.0 154.2 158.2 162.9 166.3 164.8 172.3 182.0
Nonfinancial business 50.1 47.9 46.3 46.1 46.6 47.2 47.4 47.9 48.6 48.2 48.3 50.6 56.8
Pools of securitized assets 5 80.2 79.8 80.0 80.2 80.3 82.7 84.3 84.2 88.1 87.8 91.5 94.1 96.1
Other 280.2 280.3 280.5 281.8 283.8 285.8 288.1 288.8 292.0 298.5 304.4 303.9 313.2
Commercial banks 127.8 130.0 131.3 130.4 131.3 131.4 131.3 131.2 132.4 133.1 137.8 135.1 139.0
Finance companies 60.4 60.0 59.8 61.1 62.1 62.8 64.5 65.1 66.6 69.8 70.8 71.5 73.2
Nonfinancial business 27.1 26.2 25.6 25.6 25.6 25.8 25.9 26.0 26.4 26.5 26.7 27.5 29.8
Pools of securitized assets 5 11.3 11.5 11.3 11.7 11.4 11.9 12.1 12.0 11.8 14.1 14.3 14.8 15.3
-----------------------------------------------------------------------------------------------------------------------------------------
1. Covers most short- and intermediate- term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education,
boats, trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges
at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which
no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and
are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
G.19 CONSUMER CREDIT For immediate release
1 December 1993 June 12, 1996
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
1992 1993
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
--------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 3.1 7.3 5.4 0.7 9.1 -0.3 5.7 9.6 6.8 7.9 11.8 9.5 14.2
Automobile 9.2 1.6 11.3 4.3 5.6 7.5 10.0 10.2 9.0 7.6 20.5 6.0 8.4
Revolving 13.2 11.6 10.9 5.8 8.9 5.7 4.8 18.9 7.7 11.3 9.4 20.3 14.2
Other 3 -12.0 8.6 -5.3 -7.6 12.5 -13.6 2.4 -0.3 3.7 4.8 5.5 2.0 20.1
Amount: billions of dollars
Total 784.9 789.6 793.2 793.7 799.7 799.5 803.3 809.7 814.3 819.7 827.7 834.3 844.1
Automobile 257.1 257.4 259.9 260.8 262.0 263.6 265.8 268.1 270.1 271.8 276.5 277.8 279.8
Revolving 257.8 260.3 262.7 264.0 265.9 267.2 268.2 272.5 274.2 276.8 279.0 283.7 287.0
Other 3 269.9 271.8 270.7 268.9 271.7 268.7 269.2 269.1 270.0 271.0 272.3 272.7 277.3
--------------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
--------------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 8.57 n.a. n.a. 8.17 n.a. n.a. 7.98 n.a. n.a. 7.63 n.a.
24-mo. personal n.a. n.a. 13.57 n.a. n.a. 13.63 n.a. n.a. 13.45 n.a. n.a. 13.22 n.a.
Credit card plan
All accounts n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Accounts assessed interest n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
New car loans at auto finance companies
Interest rates 9.65 10.08 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Maturity (months) 53.6 53.9 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Amount financed (dollars) 14,315 13,975 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
--------------------------------------------------------------------------------------------------------------------------------------------
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------
1992 1993
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
-----------------------------------------------------------------------------------------------------------------------------------------
Total 802.4 796.5 792.0 787.7 793.9 793.2 798.8 803.6 812.9 821.8 828.2 838.6 863.9
Major holders
Commercial banks 365.5 365.3 363.2 362.7 366.3 369.2 370.9 375.4 379.3 383.6 385.8 391.7 399.7
Finance companies 118.3 117.1 113.6 112.6 113.2 108.5 110.6 112.2 111.0 111.0 111.6 113.7 116.5
Credit unions 89.4 90.9 91.8 91.4 93.5 94.3 95.4 96.1 98.1 98.9 99.3 100.1 101.6
Savings institutions 37.4 37.1 37.0 36.8 37.0 37.2 37.4 37.3 37.3 37.2 37.4 37.6 37.9
Nonfinancial business 70.3 66.9 64.2 63.4 63.8 64.4 64.6 65.1 66.1 66.6 67.5 69.9 77.2
Pools of securitized assets 5 121.5 119.2 122.1 120.8 120.2 119.6 120.0 117.5 121.1 124.5 126.5 125.6 131.1
Major types of credit 6
Automobile 258.2 256.6 258.7 259.1 260.0 262.0 265.1 267.1 271.2 274.3 279.3 280.1 281.5
Commercial banks 109.6 109.5 110.8 111.0 110.8 112.4 114.5 116.3 118.1 120.5 121.9 121.8 122.0
Finance companies 57.3 56.9 53.7 53.2 53.6 53.6 55.3 56.4 54.9 54.0 54.3 55.5 56.1
Pools of securitized assets 5 33.9 32.7 36.5 36.6 36.9 37.2 35.7 34.3 36.9 38.0 40.2 39.2 39.6
Revolving 271.6 265.5 262.2 260.7 262.2 263.6 265.2 268.9 272.4 276.1 278.1 285.5 302.2
Commercial banks 133.0 130.1 128.5 128.8 130.4 131.9 131.1 135.5 136.9 138.3 138.8 143.6 149.9
Nonfinancial business 44.5 42.0 40.0 39.4 39.8 40.3 40.5 41.0 41.8 42.3 43.1 44.9 50.1
Pools of securitized assets 5 74.9 74.1 74.2 73.0 72.0 71.1 72.8 71.8 73.1 75.1 75.3 75.7 80.2
Other 272.6 274.4 271.0 267.9 271.8 267.5 268.5 267.6 269.3 271.4 270.7 272.9 280.2
Commercial banks 122.9 125.7 123.9 122.8 125.0 125.0 125.3 123.5 124.4 124.8 125.1 126.3 127.8
Finance companies 61.0 60.2 59.9 59.5 59.5 54.9 55.3 55.7 56.1 57.0 57.4 58.2 60.4
Nonfinancial business 25.8 24.9 24.2 23.9 23.9 24.1 24.0 24.1 24.3 24.3 24.4 25.1 27.1
Pools of securitized assets 5 12.7 12.4 11.5 11.2 11.4 11.3 11.5 11.4 11.1 11.5 11.0 10.7 11.3
-----------------------------------------------------------------------------------------------------------------------------------------
1. Covers most short- and intermediate- term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education,
boats, trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges
at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which
no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and
are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
G.19 CONSUMER CREDIT For immediate release
1 December 1992 June 11, 1996
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
1991 1992
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
--------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total -0.2 0.7 0.1 0.5 -3.9 -0.6 -0.8 2.1 2.6 -0.7 0.8 1.8 3.1
Automobile -0.3 10.5 -10.5 0.0 -1.9 -4.0 -9.1 3.4 1.3 -0.3 -7.2 -1.4 9.2
Revolving 5.4 5.7 4.3 0.7 4.4 3.4 9.5 -0.3 5.1 3.1 8.9 -0.3 13.2
Other 3 -5.1 -12.9 6.4 0.8 -13.2 -1.1 -2.5 3.1 1.6 -4.6 0.7 6.9 -12.0
Amount: billions of dollars
Total 781.1 781.6 781.7 782.0 779.5 779.1 778.5 779.9 781.6 781.1 781.6 782.8 784.9
Automobile 259.3 261.5 259.2 259.2 258.8 258.0 256.0 256.7 257.0 257.0 255.4 255.1 257.1
Revolving 245.8 247.0 247.9 248.0 248.9 249.6 251.6 251.5 252.6 253.2 255.1 255.0 257.8
Other 3 276.1 273.1 274.6 274.8 271.8 271.5 270.9 271.6 272.0 270.9 271.1 272.6 269.9
--------------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
--------------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 9.89 n.a. n.a. 9.52 n.a. n.a. 9.15 n.a. n.a. 8.60 n.a.
24-mo. personal n.a. n.a. 14.39 n.a. n.a. 14.28 n.a. n.a. 13.94 n.a. n.a. 13.55 n.a.
Credit card plan
All accounts n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Accounts assessed interest n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
New car loans at auto finance companies
Interest rates 10.41 10.04 10.19 10.92 10.84 10.67 10.25 9.94 8.88 8.65 9.51 9.65 9.65
Maturity (months) 53.7 53.5 53.8 54.3 54.5 54.7 54.4 54.4 53.6 53.3 54.1 54.1 53.6
Amount financed (dollars) 13,476 13,135 13,340 13,137 13,208 13,373 13,369 13,570 13,745 13,889 13,885 14,043 14,315
--------------------------------------------------------------------------------------------------------------------------------------------
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------
1991 1992
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
-----------------------------------------------------------------------------------------------------------------------------------------
Total 797.4 788.1 780.4 776.4 774.4 773.1 774.3 774.6 780.8 783.0 781.5 786.1 802.4
Major holders
Commercial banks 372.4 369.1 364.2 361.3 361.3 359.8 359.1 360.1 360.8 360.4 359.3 360.2 365.5
Finance companies 121.7 119.1 121.0 119.1 118.8 116.7 117.2 117.6 118.2 117.7 117.3 117.7 118.3
Credit unions 90.3 89.6 89.3 89.5 88.7 88.8 88.3 89.2 90.1 90.7 90.9 91.9 89.4
Savings institutions 42.2 41.4 40.5 39.3 38.7 38.6 38.1 38.0 37.9 37.5 36.7 36.8 37.4
Nonfinancial business 67.3 63.5 60.9 59.9 60.3 60.7 60.7 60.7 61.7 61.7 63.2 64.0 70.3
Pools of securitized assets 5 103.5 105.5 104.6 107.3 106.6 108.7 110.9 109.1 112.1 115.0 114.1 115.6 121.5
Major types of credit 6
Automobile 259.9 260.7 258.1 257.7 257.2 256.5 255.3 255.9 258.2 259.4 257.8 256.6 258.2
Commercial banks 112.7 112.0 111.4 111.6 110.9 110.8 109.2 110.5 111.0 111.6 110.4 109.4 109.6
Finance companies 62.2 61.1 60.9 59.7 60.8 58.6 59.2 59.7 59.7 59.2 58.7 57.9 57.3
Pools of securitized assets 5 28.6 30.0 29.0 30.6 29.3 31.1 30.9 29.8 31.0 32.3 32.1 32.9 33.9
Revolving 258.9 252.1 247.4 245.0 245.5 246.3 248.7 248.4 251.0 252.4 254.0 256.5 271.6
Commercial banks 138.0 133.9 130.7 128.4 128.4 127.8 127.7 127.6 127.1 127.0 127.1 127.7 133.0
Nonfinancial business 41.7 38.9 37.1 36.4 36.9 37.3 37.5 37.6 38.4 38.6 39.9 40.2 44.5
Pools of securitized assets 5 63.4 63.4 63.8 64.5 64.5 65.1 67.3 66.8 68.9 70.0 69.4 70.1 74.9
Other 278.6 275.4 275.0 273.7 271.7 270.3 270.3 270.3 271.6 271.3 269.7 272.9 272.6
Commercial banks 121.8 123.2 122.1 121.4 122.0 121.1 122.2 122.1 122.7 121.8 121.8 123.1 122.9
Finance companies 59.5 58.0 60.1 59.4 58.0 58.1 57.9 58.0 58.5 58.5 58.6 59.8 61.0
Nonfinancial business 25.7 24.6 23.8 23.4 23.4 23.4 23.2 23.1 23.2 23.1 23.3 23.7 25.8
Pools of securitized assets 5 11.5 12.0 11.8 12.3 12.8 12.5 12.7 12.5 12.2 12.7 12.6 12.6 12.7
-----------------------------------------------------------------------------------------------------------------------------------------
1. Covers most short- and intermediate- term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education,
boats, trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges
at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which
no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and
are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
G.19 CONSUMER CREDIT For immediate release
1 December 1991 June 11, 1996
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
1990 1991
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
--------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total -6.4 -5.5 -1.4 0.7 0.2 0.3 -3.2 -2.7 -2.6 -2.3 -3.3 -3.1 -0.2
Automobile -6.5 -10.3 -11.1 -8.5 -11.6 -14.0 -9.3 -10.6 -8.2 -6.2 -2.8 -9.4 -0.3
Revolving -2.8 -2.4 17.9 23.4 8.9 10.3 5.5 6.5 10.0 13.3 11.5 5.4 5.4
Other 3 -9.2 -3.2 -6.9 -8.3 4.5 5.7 -4.6 -3.0 -7.8 -11.6 -16.3 -4.7 -5.1
Amount: billions of dollars
Total 796.4 792.8 791.9 792.3 792.4 792.6 790.5 788.7 787.0 785.5 783.3 781.3 781.1
Automobile 282.4 280.0 277.4 275.5 272.8 269.6 267.5 265.2 263.3 262.0 261.4 259.3 259.3
Revolving 223.3 222.9 226.2 230.6 232.3 234.3 235.4 236.7 238.7 241.3 243.6 244.7 245.8
Other 3 290.7 289.9 288.2 286.2 287.3 288.7 287.5 286.8 285.0 282.2 278.4 277.3 276.1
--------------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
--------------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 11.60 n.a. n.a. 11.28 n.a. n.a. 11.06 n.a. n.a. 10.61 n.a.
24-mo. personal n.a. n.a. 15.42 n.a. n.a. 15.16 n.a. n.a. 15.24 n.a. n.a. 14.88 n.a.
Credit card plan
All accounts n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Accounts assessed interest n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
New car loans at auto finance companies
Interest rates 12.86 12.99 13.16 13.14 13.14 12.95 12.77 12.55 12.40 12.38 12.23 10.79 10.41
Maturity (months) 54.7 54.9 55.2 55.2 55.4 55.4 55.5 55.5 55.4 55.4 55.4 54.1 53.7
Amount financed (dollars) 12,140 12,229 12,081 12,121 11,993 12,204 12,343 12,572 12,518 12,460 12,684 13,245 13,476
--------------------------------------------------------------------------------------------------------------------------------------------
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------
1990 1991
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
-----------------------------------------------------------------------------------------------------------------------------------------
Total 811.1 798.6 790.4 786.6 787.4 786.9 786.6 784.2 786.8 787.0 783.2 784.1 797.4
Major holders
Commercial banks 387.0 380.9 378.3 374.1 375.4 374.1 372.6 372.6 372.6 370.4 368.1 367.0 372.4
Finance companies 133.4 131.3 128.9 126.9 127.5 127.8 127.6 127.4 129.0 124.5 123.4 122.5 121.7
Credit unions 91.6 90.3 89.2 88.5 88.5 88.4 88.5 88.1 88.9 89.2 88.8 88.5 90.3
Savings institutions 49.6 49.4 49.4 49.7 48.5 47.4 46.5 45.6 44.4 43.4 43.9 43.4 42.2
Nonfinancial business 71.9 67.8 64.5 63.3 62.7 61.7 61.2 60.8 62.0 60.9 60.9 62.7 67.3
Pools of securitized assets 5 77.6 78.9 80.1 84.2 84.7 87.5 90.2 89.6 90.0 98.5 98.2 100.0 103.5
Major types of credit 6
Automobile 282.6 279.2 276.0 273.7 271.1 268.2 267.0 264.7 264.7 264.4 263.7 260.5 259.9
Commercial banks 124.9 124.4 122.5 120.7 119.6 118.0 117.6 116.8 115.6 114.3 114.1 113.5 112.7
Finance companies 74.9 72.1 69.7 68.3 68.3 67.2 67.7 67.6 68.7 65.6 64.9 63.6 62.2
Pools of securitized assets 5 23.9 24.5 26.0 26.9 26.0 26.1 25.1 24.6 24.3 28.2 28.3 27.2 28.6
Revolving 235.3 227.6 225.8 227.7 229.2 231.2 232.8 233.9 237.3 240.3 242.3 246.0 258.9
Commercial banks 133.4 127.1 127.3 126.5 128.2 128.6 127.0 127.8 129.3 129.3 131.3 130.5 138.0
Nonfinancial business 44.9 42.2 39.7 38.8 38.3 37.2 36.8 36.7 37.6 36.7 36.7 38.0 41.7
Pools of securitized assets 5 44.6 45.2 45.0 47.7 48.1 50.9 54.6 54.8 55.6 59.1 58.9 61.9 63.4
Other 293.1 291.9 288.6 285.3 287.1 287.5 286.8 285.6 284.8 282.4 277.3 277.6 278.6
Commercial banks 128.7 129.4 128.5 126.8 127.6 127.5 128.1 128.0 127.6 126.7 122.6 123.1 121.8
Finance companies 58.5 59.2 59.2 58.7 59.2 60.6 59.9 59.8 60.3 58.9 58.6 58.9 59.5
Nonfinancial business 27.0 25.7 24.8 24.5 24.4 24.5 24.3 24.2 24.4 24.2 24.2 24.7 25.7
Pools of securitized assets 5 9.1 9.2 9.2 9.5 10.6 10.4 10.5 10.3 10.1 11.1 11.0 10.9 11.5
-----------------------------------------------------------------------------------------------------------------------------------------
1. Covers most short- and intermediate- term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education,
boats, trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges
at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which
no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and
are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
G.19 CONSUMER CREDIT For immediate release
1 December 1990 June 11, 1996
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
1989 1990
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
--------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 6.9 3.8 2.4 1.4 0.9 2.6 6.6 3.3 2.2 1.4 3.8 -0.1 -6.4
Automobile -2.7 -1.1 -0.6 -2.6 -1.5 0.7 -1.1 -0.6 -8.0 -3.9 -5.0 -5.8 -6.5
Revolving 23.4 11.2 15.6 5.4 11.6 19.2 12.4 21.2 14.6 11.5 6.7 15.3 -2.8
Other 3 5.4 3.7 -3.6 2.7 -4.2 -7.3 10.2 -5.6 3.2 -0.8 10.3 -6.2 -9.2
Amount: billions of dollars
Total 781.9 784.4 786.0 787.0 787.5 789.2 793.6 795.8 797.3 798.2 800.8 800.7 796.4
Automobile 291.0 290.8 290.6 290.0 289.6 289.8 289.5 289.4 287.4 286.5 285.3 284.0 282.4
Revolving 198.6 200.4 203.0 203.9 205.9 209.2 211.4 215.1 217.7 219.8 221.0 223.8 223.3
Other 3 292.3 293.3 292.4 293.0 292.0 290.2 292.7 291.3 292.1 291.9 294.4 292.9 290.7
--------------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
--------------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 11.80 n.a. n.a. 11.82 n.a. n.a. 11.89 n.a. n.a. 11.62 n.a.
24-mo. personal n.a. n.a. 15.27 n.a. n.a. 15.41 n.a. n.a. 15.46 n.a. n.a. 15.69 n.a.
Credit card plan
All accounts n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Accounts assessed interest n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
New car loans at auto finance companies
Interest rates 13.27 12.64 12.67 12.31 12.21 12.23 12.58 12.68 12.62 12.34 12.57 12.74 12.86
Maturity (months) 55.1 54.7 54.7 54.3 54.2 54.5 54.8 54.9 54.8 54.3 54.6 54.6 54.7
Amount financed (dollars) 12,301 12,381 12,053 12,216 12,089 12,064 12,108 12,125 11,939 11,837 11,917 11,986 12,140
--------------------------------------------------------------------------------------------------------------------------------------------
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------
1989 1990
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
-----------------------------------------------------------------------------------------------------------------------------------------
Total 795.0 789.5 783.9 780.7 782.5 784.0 790.2 792.1 798.0 800.1 800.9 803.3 811.1
Major holders
Commercial banks 385.1 385.1 380.8 377.1 379.5 379.5 378.8 379.2 382.7 384.4 385.6 385.6 387.0
Finance companies 138.9 138.7 137.0 135.8 136.1 136.2 136.4 137.4 137.7 138.8 139.2 136.4 133.4
Credit unions 91.7 91.1 90.5 90.0 90.1 90.3 90.4 90.8 91.7 91.6 91.8 91.6 91.6
Savings institutions 62.5 61.0 60.4 60.4 59.7 58.1 57.1 56.4 54.8 53.1 51.8 51.7 49.6
Nonfinancial business 69.6 66.5 63.8 63.5 63.3 63.6 63.9 63.6 64.8 64.3 63.7 65.3 71.9
Pools of securitized assets 5 47.3 47.1 51.3 53.9 54.0 56.3 63.6 64.8 66.3 67.8 68.7 72.8 77.6
Major types of credit 6
Automobile 290.9 289.8 288.6 287.5 287.4 288.3 289.2 289.3 289.3 289.4 287.8 285.2 282.6
Commercial banks 126.3 126.9 126.8 125.8 126.2 126.8 126.9 126.5 127.6 128.3 127.2 125.6 124.9
Finance companies 84.1 83.3 81.6 81.0 80.8 80.5 79.8 80.1 79.2 79.9 79.9 76.4 74.9
Pools of securitized assets 5 17.6 17.3 18.3 19.0 18.8 19.5 21.0 21.4 21.3 20.7 20.3 22.8 23.9
Revolving 209.3 204.7 202.7 201.3 203.2 206.5 209.3 212.6 216.5 218.7 219.6 224.9 235.3
Commercial banks 130.8 128.5 125.2 122.3 124.3 125.6 122.5 125.2 126.7 127.4 127.4 129.8 133.4
Nonfinancial business 43.5 41.3 39.4 39.2 38.9 39.1 39.5 39.2 40.2 39.8 39.2 40.2 44.9
Pools of securitized assets 5 22.6 22.9 26.2 28.0 28.2 29.8 35.4 36.2 37.7 39.6 40.9 42.5 44.6
Other 294.8 295.0 292.6 291.9 291.9 289.3 291.7 290.2 292.1 291.9 293.5 293.3 293.1
Commercial banks 128.0 129.7 128.9 129.0 129.0 127.2 129.3 127.4 128.4 128.8 131.0 130.2 128.7
Finance companies 54.7 55.4 55.4 54.8 55.2 55.8 56.6 57.3 58.5 58.9 59.3 60.0 58.5
Nonfinancial business 26.1 25.2 24.4 24.3 24.4 24.5 24.4 24.4 24.6 24.5 24.5 25.1 27.0
Pools of securitized assets 5 7.1 6.9 6.8 7.0 7.0 6.9 7.2 7.2 7.3 7.5 7.6 7.5 9.1
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1. Covers most short- and intermediate- term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education,
boats, trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges
at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which
no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and
are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
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Last update: June 11, 1996