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

Statistical Supplement | April 2008

Statistical Supplement to the Federal Reserve Bulletin, April 2008

1.56 Terms of Consumer Credit¹
Percent per year except as noted
Item		2005	2006	2007	2007
Item		2005	2006	2007	June	July	Aug	Sept	Oct	Nov	Dec
Interest Rates
	Commercial banks²
1	48-month new car	7.08	7.72	7.77	n.a.	n.a.	7.82	n.a.	n.a.	7.59	n.a.
2	24-month personal	12.05	12.41	12.39	n.a.	n.a.	12.51	n.a.	n.a.	12.16	n.a.

	Credit card plan
3	All accounts	12.51	13.21	13.38	n.a.	n.a.	13.58	n.a.	n.a.	13.08	n.a.
4	Accounts assessed interest	14.55	14.73	14.67	n.a.	n.a.	15.24	n.a.	n.a.	14.34^r	n.a.

	Auto finance companies
5	New car	6.02^r	4.99^r	4.87	5.19^r	5.06^r	4.65^r	4.83^r	4.60^r	4.72^r	4.33
6	Used car	8.81^r	9.61^r	9.24	8.95^r	8.81^r	8.83^r	8.95^r	9.46^r	9.74^r	9.73

Other Terms³
	Maturity (months)
7	New car	60.0	63.0^r	62.0	61.4^r	60.5^r	62.6^r	63.3^r	63.6^r	62.7^r	62.5
8	Used car	58.6^r	59.4^r	60.7	61.7^r	61.5^r	60.5^r	60.5^r	60.3^r	60.4^r	60.5

	Loan-to-value ratio
9	New car	88	94	95	95	95	95	96	95	95	95
10	Used car	98	99	100	103	102^r	101^r	100^r	99	98	97

	Amount financed (dollars)
11	New car	24,133	26,620	28,287	27,524	27,583	28,639	28,826	30,133	29,327	29,076
12	Used car	16,228	16,671	17,095	17,131	17,230	17,109	17,117	17,162	17,184	17,371

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: June 2, 2008