FRB: January 2008 Statistical Supplement--Terms of Consumer Credit

Statistical Supplement | January 2008

Statistical Supplement to the Federal Reserve Bulletin, January 2008

1.56 Terms of Consumer Credit¹
Percent per year except as noted
Item		2004	2005	2006	2007
Item		2004	2005	2006	Mar	Apr	May	June	July	Aug	Sept
Interest Rates
	Commercial banks²
1	48-month new car	6.60	7.08	7.72	n.a.	n.a.	7.92	n.a.	n.a.	7.82	n.a.
2	24-month personal	11.89	12.05	12.41	n.a.	n.a.	12.57	n.a.	n.a.	12.51^r	n.a.

	Credit card plan
3	All accounts	12.72	12.51	13.21	n.a.	n.a.	13.46	n.a.	n.a.	13.58	n.a.
4	Accounts assessed interest	13.22	14.55	14.73	n.a.	n.a.	14.47	n.a.	n.a.	15.24	n.a.

	Auto finance companies
5	New car	4.36	5.46	4.96	3.89	5.04	4.88	4.66	4.74	4.10	4.48
6	Used car	8.96	9.03	9.67	9.29	9.20	9.35	9.22	9.00	9.08	9.24

Other Terms³
	Maturity (months)
7	New car	60.5	60.0	62.3	58.3	57.8	61.1	58.7	58.6	62.6	62.9
8	Used car	56.8	57.6	57.5	59.3	59.4	59.4	59.3	59.4	59.5	59.6

	Loan-to-value ratio
9	New car	89	88	91	91	92	94	92	92	95	96
10	Used car	100	98	99	100	102	103	103	103	102	102

	Amount financed (dollars)
11	New car	24,888	24,133	25,958	26,998	27,013	27,163	26,929	27,090	28,759	28,908
12	Used car	15,136	16,228	16,671	17,044	16,979	16,938	17,131	17,230	17,109	17,117

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 2008 | Tips for printing wide tables | Symbols and Abbreviations

Accessibility | Contact us
Last update: February 11, 2008