Skip to Content
Release Date: February 7, 2007
Release dates | Historical data
Current release Other formats:
Screen reader |
ASCII | PDF (15KB)
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 2006 February 7, 2007
Consumer credit increased 4-1/2 percent in 2006. In the fourth quarter, consumer credit rose at an annual rate of 3-3/4 percent, down
from a 5-1/2 percent pace in the third quarter. In December, consumer credit increased at an annual rate of 3 percent.
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
2005 2006
_______ _______________________________________________________
2002 2003 2004 2005 2006 p Q4 Q1 Q2 Q3 Q4 p Oct r Nov r Dec p
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 6.0 5.2 5.5 4.2 4.6 2.2 2.4 6.4 5.5 3.7 1.2 6.9 3.0
Revolving 4.5 3.0 3.9 3.2 6.0 4.2 -0.4 9.8 7.1 7.0 6.4 13.8 0.8
Nonrevolving 3 6.9 6.6 6.4 4.8 3.8 1.2 3.9 4.5 4.6 1.8 -1.8 2.9 4.3
Amount: billions of dollars
Total 1984.1 2087.8 2202.4 2295.6 2400.6 2295.6 2309.2 2346.1 2378.6 2400.6 2380.9 2394.6 2400.6
Revolving 749.0 771.1 801.3 826.6 876.2 826.6 825.8 845.9 861.0 876.2 865.6 875.6 876.2
Nonrevolving 3 1235.1 1316.7 1401.2 1469.0 1524.4 1469.0 1483.4 1500.2 1517.6 1524.4 1515.3 1519.0 1524.4
---------------------------------------------------------------------------------------------------------------------------------------
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 7.62 6.93 6.60 7.08 7.72 7.43 7.39 7.60 7.95 7.92 n.a. 7.92 n.a.
24-mo. personal 12.54 11.95 11.89 12.05 12.41 11.95 12.18 12.58 12.40 12.49 n.a. 12.49 n.a.
Credit card plan
All accounts 13.40 12.30 12.71 12.51 13.21 12.58 13.30 13.16 13.06 13.31 n.a. 13.31 n.a.
Accounts assessed interest 13.11 12.73 13.21 14.54 14.73 14.49 14.38 14.77 14.67 15.09 n.a. 15.09 n.a.
New car loans at auto finance companies
Interest rates 4.29 3.40 4.36 5.46 4.96 5.97 5.34 5.62 3.24 5.62 5.42 5.52 5.92
Maturity (months) 56.8 61.4 60.5 60.0 62.3 61.1 61.8 61.0 64.2 62.0 61.9 62.0 62.0
Loan-to-value ratio 94 95 89 88 91 89 90 90 93 93 94 94 91
Amount financed (dollars) 24,747 26,295 24,888 24,133 25,958 24,363 24,926 25,300 27,111 26,495 27,239 26,307 25,937
---------------------------------------------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------------------------------------
2005 2006
_______ _______________________________________________________
2002 2003 2004 2005 2006 p Q4 Q1 Q2 Q3 Q4 p Oct r Nov r Dec p
---------------------------------------------------------------------------------------------------------------------------------------------
Total 2012.2 2116.1 2232.2 2326.6 2433.3 2326.6 2296.4 2329.3 2385.1 2433.3 2389.0 2403.7 2433.3
Major holders
Total 2012.2 2116.1 2232.2 2326.6 2433.3 2326.6 2296.4 2329.3 2385.1 2433.3 2389.0 2403.7 2433.3
Commercial banks 602.6 669.4 704.3 707.0 734.3 707.0 697.5 694.7 710.6 734.3 709.9 720.6 734.3
Finance companies 307.5 393.0 492.3 516.5 533.6 516.5 499.6 505.1 526.3 533.6 527.4 527.2 533.6
Credit unions 195.7 205.9 215.4 228.6 236.5 228.6 227.3 230.4 234.6 236.5 234.7 234.8 236.5
Federal government and Sallie Mae 129.6 114.7 98.4 102.1 103.0 102.1 104.5 102.6 105.4 103.0 104.5 103.4 103.0
Savings institutions 68.7 77.9 91.3 109.1 109.1 109.1 98.1 101.9 106.2 109.1 107.2 108.1 109.1
Nonfinancial business 74.8 58.5 58.5 58.6 56.6 58.6 54.9 52.6 51.9 56.6 51.7 53.0 56.6
Pools of securitized assets 5 633.3 596.8 572.1 604.6 660.2 604.6 614.6 641.8 650.1 660.2 653.5 656.6 660.2
Major types of credit
Revolving 769.2 791.9 823.7 849.8 900.8 849.8 816.4 841.4 859.6 900.8 862.6 878.1 900.8
Commercial banks 246.4 285.0 314.6 311.2 322.9 311.2 281.1 291.0 298.7 322.9 296.6 307.2 322.9
Finance companies 44.4 45.3 50.4 66.3 78.2 66.3 63.7 69.5 72.2 78.2 74.2 76.6 78.2
Credit unions 22.2 22.4 23.2 24.7 28.8 24.7 23.3 24.7 25.9 28.8 26.8 27.4 28.8
Federal government and Sallie Mae 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.
Savings institutions 16.3 23.8 27.9 40.8 44.6 40.8 39.7 41.4 43.2 44.6 43.7 44.1 44.6
Nonfinancial business 37.1 14.5 11.7 10.8 7.2 10.8 10.3 7.6 6.7 7.2 6.7 6.8 7.2
Pools of securitized assets 5 402.8 400.9 395.8 396.0 419.1 396.0 398.3 407.1 412.9 419.1 414.6 416.0 419.1
Nonrevolving 1243.0 1324.2 1408.6 1476.7 1532.5 1476.7 1480.0 1487.9 1525.5 1532.5 1526.4 1525.6 1532.5
Commercial banks 356.2 384.4 389.6 395.8 411.4 395.8 416.4 403.7 411.9 411.4 413.4 413.4 411.4
Finance companies 263.1 347.8 442.0 450.2 455.4 450.2 435.8 435.7 454.2 455.4 453.1 450.6 455.4
Credit unions 173.5 183.5 192.1 203.9 207.7 203.9 204.0 205.7 208.7 207.7 207.9 207.3 207.7
Federal government and Sallie Mae 129.6 114.7 98.4 102.1 103.0 102.1 104.5 102.6 105.4 103.0 104.5 103.4 103.0
Savings institutions 52.4 54.0 63.4 68.3 64.5 68.3 58.4 60.5 63.0 64.5 63.5 64.0 64.5
Nonfinancial business 37.7 44.0 46.8 47.8 49.4 47.8 44.6 45.0 45.1 49.4 45.0 46.2 49.4
Pools of securitized assets 5 230.5 195.9 176.3 208.6 241.1 208.6 216.3 234.6 237.2 241.1 239.0 240.7 241.1
1. Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
2. The series for consumer credit outstanding and its components may contain breaks that result from discontinuities in source data.
Percent changes are adjusted to exclude the effect of such breaks. In addition percent changes are at a simple annual rate and are
calculated from unrounded data.
3. Includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, 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.
r=revised. p=preliminary.Release dates | Historical data
Current release Other formats:
Screen reader |
ASCII | PDF (15KB)
Statistical releases