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Statistical Supplement | October 2007

Statistical Supplement to the Federal Reserve Bulletin, October 2007
1.56  Terms of Consumer Credit1
Percent per year except as noted
Item 2004 2005 2006 2006 2007
Dec Jan Feb Mar Apr May June
Interest Rates  
  Commercial banks2  
1 48-month new car 6.60 7.08 7.72 n.a. n.a. 7.74 n.a. n.a. 7.92 n.a.
2 24-month personal 11.89 12.05 12.41 n.a. n.a. 12.32 n.a. n.a. 12.57 n.a.
 
  Credit card plan  
3 All accounts 12.72r 12.51 13.21 n.a. n.a. 13.41 n.a. n.a. 13.46 n.a.
4 Accounts assessed interest 13.22r 14.55r 14.73 n.a. n.a. 14.64 n.a. n.a. 14.47 n.a.
 
  Auto finance companies  
5 New car 4.36 5.46 4.96 5.92 6.45 4.00 3.89 5.04 4.88 4.66
6 Used car 8.96 9.03 9.67 10.05 9.45 9.32 9.29 9.20 9.35 9.22
 
Other Terms3  
  Maturity (months)  
7 New car 60.5 60.0 62.3 62.0 62.0 59.5 58.3 57.8 61.1 58.7
8 Used car 56.8 57.6 57.5 57.3 58.6 59.2 59.3 59.4 59.4 59.3
 
  Loan-to-value ratio  
9 New car 89 88 91 91 90 91 91 92 94 92
10 Used car 100 98 99 101 100 100 100 102 103 103
 
  Amount financed (dollars)  
11 New car 24,888 24,133 25,958 25,937 25,983 26,866 26,998 27,013 27,163 26,929
12 Used car 15,136 16,228 16,671 16,712 16,916 16,962 17,044 16,979 16,938 17,131

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

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Last update: November 1, 2007