FRB: January 2004 Statistical Supplement--Terms of Consumer Credit

Statistical Supplement | January 2004

Statistical Supplement to the Federal Reserve Bulletin, January 2004

1.56 Terms of Consumer Credit¹
Item		2000	2001	2002	2003
Percent per year except as noted
Item		2000	2001	2002	Mar	Apr	May	June	July	Aug	Sept
Interest Rates
	Commercial banks²
1	48-month new car	9.34	8.50	7.62	n.a.	n.a.	7.05	n.a.	n.a.	6.75^r	n.a.
2	24-month personal	13.90	13.22	12.54	n.a.	n.a.	12.19	n.a.	n.a.	11.95^r	n.a.

	Credit card plan
3	All accounts	15.71	14.89	13.42	n.a.	n.a.	12.90	n.a.	n.a.	12.49	n.a.
4	Accounts assessed interest	14.91	14.44	13.09	n.a.	n.a.	12.82	n.a.	n.a.	13.11	n.a.

	Auto finance companies
5	New car	6.61	5.65	4.29	3.83	2.51	2.40	2.93	3.28	3.56	3.81
6	Used car	13.55	12.18	10.74	10.16	9.91	9.82	9.81	9.77	9.57	9.36

Other Terms³
	Maturity (months)
7	New car	54.9	55.1	56.8	59.5	60.1	60.7	62.4	62.7	63.0	63.2
8	Used car	57.0	57.5	57.5	57.8	57.7	57.7	57.8	57.8	57.9	57.8

	Loan-to-value ratio
9	New car	92	91	94	96	97	97	97	95	93	94
10	Used car	99	100	100	99	99	99	100	100	100	101

	Amount financed (dollars)
11	New car	20,923	22,822	24,747	25,152	27,540	27,920	26,945	26,129	25,407	25,663
12	Used car	14,058	14,416	14,532	14,253	14,475	14,568	14,567	14,632	14,623	14,708

1. The Board's series on amounts of credit covers most short- and intermediate-term credit extended to individuals. Data in this table also appear in the Board's G.19 (421) monthly statistical release. Return to table

2. Data are available for only the second month of each quarter. Return to table

3. At auto finance companies. Return to table

Statistical Supplement | January 2004 | Tips for printing wide tables | Symbols and Abbreviations

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Last update: May 25, 2005