Consumer credit increased at an annual rate of 8-1/2 percent in January. Revolving credit decreased at an annual rate of 4-1/2 percent, while nonrevolving credit increased at an annual rate of 14-3/4 percent.
Consumer Credit Outstanding 1 Seasonally adjusted
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Year | Quarter | Month | |||||||||||
2010 | 2011 | 2012 | |||||||||||
2007 | 2008 | 2009 | 2010 | 2011 r | Q4 | Q1 | Q2 r | Q3 r | Q4 r | Nov r | Dec r | Jan p | |
Total percent change (annual rate)2 | 5.8 | 1.6 | -4.4 | -1.7 | 3.6 | 2.5 | 2.2 | 3.6 | 1.4 | 6.9 | 9.8 | 7.9 | 8.6 |
Revolving | 8.1 | 1.7 | -9.6 | -7.5 | 0.4 | -2.6 | -3.7 | 1.5 | -2.0 | 6.0 | 9.9 | 5.5 | -4.4 |
Nonrevolving 3 | 4.4 | 1.5 | -1.2 | 1.5 | 5.1 | 5.0 | 5.1 | 4.6 | 3.0 | 7.4 | 9.7 | 9.0 | 14.7 |
Total amount (billions of dollars) | 2522.5 | 2561.8 | 2450.1 | 2408.3 | 2494.5 | 2408.3 | 2421.5 | 2443.3 | 2451.9 | 2494.5 | 2478.2 | 2494.5 | 2512.3 |
Revolving | 941.9 | 957.5 | 865.5 | 800.2 | 803.8 | 800.2 | 792.8 | 795.9 | 792.0 | 803.8 | 800.1 | 803.8 | 800.9 |
Nonrevolving 3 | 1580.7 | 1604.3 | 1584.6 | 1608.1 | 1690.7 | 1608.1 | 1628.6 | 1647.4 | 1659.9 | 1690.7 | 1678.1 | 1690.7 | 1711.4 |
Terms of Credit 4
Not seasonally adjusted. Percent except as noted. |
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Commercial banks | |||||||||||||
Interest rates | |||||||||||||
48-mo. new car | 7.77 | 7.02 | 6.72 | 6.21 | 5.75 | 5.87 | 5.86 | 5.79 | 5.90 | 5.45 | 5.45 | n.a. | n.a. |
24-mo. personal | 12.38 | 11.37 | 11.10 | 10.87 | 10.92 | 10.94 | 11.01 | 11.36 | 10.80 | 10.52 | 10.52 | n.a. | n.a. |
Credit card plans | |||||||||||||
All accounts | 13.30 | 12.08 | 13.40 | 13.78 | 12.74 | 13.44 | 13.43 | 12.89 | 12.28 | 12.36 | 12.36 | n.a. | n.a. |
Accounts assessed interest | 14.68 | 13.57 | 14.31 | 14.26 | 13.09 | 13.67 | 13.44 | 13.06 | 13.08 | 12.78 | 12.78 | n.a. | n.a. |
Finance companies 5 | |||||||||||||
Interest rates | 4.87 | 5.52 | 3.82 | 4.26 | 4.73 | 4.57 | 4.73 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Maturity (months) | 62.0 | 63.4 | 62.0 | 63.0 | 62.3 | 62.5 | 62.3 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Loan-to-value ratio | 95 | 91 | 90 | 86 | 80 | 82 | 80 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Amount financed (dollars) | 28,287 | 26,178 | 28,272 | 27,959 | 26,673 | 27,423 | 26,673 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Consumer Credit Outstanding (Billions of dollars) Not seasonally adjusted |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Quarter | Month | |||||||||||
2010 | 2011 | 2012 | |||||||||||
2007 | 2008 | 2009 | 2010 | 2011 r | Q4 | Q1 | Q2 r | Q3 r | Q4 r | Nov r | Dec r | Jan p | |
Total | 2555.3 | 2594.1 | 2478.9 | 2434.7 | 2521.0 | 2434.7 | 2401.9 | 2424.3 | 2466.7 | 2521.0 | 2490.8 | 2521.0 | 2535.6 |
Major holders | |||||||||||||
Commercial banks | 804.1 | 878.6 | 855.3 | 1098.7 | 1100.6 | 1098.7 | 1058.9 | 1072.3 | 1073.8 | 1100.6 | 1082.4 | 1100.6 | 1089.0 |
Finance companies | 584.1 | 575.8 | 487.8 | 518.6 | 506.3 | 518.6 | 509.8 | 501.8 | 504.3 | 506.3 | 502.5 | 506.3 | 505.0 |
Credit unions | 235.7 | 236.2 | 237.2 | 226.5 | 223.0 | 226.5 | 218.1 | 220.9 | 223.9 | 223.0 | 225.1 | 223.0 | 225.4 |
Federal government 6 | 98.4 | 111.0 | 186.0 | 316.4 | 425.1 | 316.4 | 355.2 | 370.1 | 406.1 | 425.1 | 416.3 | 425.1 | 453.0 |
Savings institutions | 90.8 | 86.3 | 77.5 | 86.8 | 92.0 | 86.8 | 84.7 | 87.4 | 89.3 | 92.0 | 91.1 | 92.0 | 92.1 |
Nonfinancial business | 58.6 | 59.8 | 57.2 | 56.0 | 57.0 | 56.0 | 52.8 | 53.1 | 53.1 | 57.0 | 54.1 | 57.0 | 55.4 |
Pools of securitized assets 7,8 | 683.7 | 646.4 | 577.9 | 131.7 | 116.9 | 131.7 | 122.4 | 118.7 | 116.1 | 116.9 | 119.3 | 116.9 | 115.8 |
Major types of credit | |||||||||||||
Revolving | 973.2 | 989.1 | 894.0 | 826.7 | 830.4 | 826.7 | 779.6 | 787.3 | 793.4 | 830.4 | 809.8 | 830.4 | 812.1 |
Commercial banks | 353.4 | 390.6 | 362.4 | 615.1 | 608.1 | 615.1 | 577.0 | 581.9 | 583.9 | 608.1 | 592.3 | 608.1 | 592.1 |
Finance companies | 86.0 | 74.4 | 46.4 | 71.9 | 78.1 | 71.9 | 69.0 | 70.0 | 72.2 | 78.1 | 75.6 | 78.1 | 76.8 |
Credit unions | 31.1 | 33.4 | 35.4 | 36.3 | 37.9 | 36.3 | 35.0 | 35.8 | 36.3 | 37.9 | 37.1 | 37.9 | 37.3 |
Federal government 6 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Savings institutions | 44.8 | 39.6 | 38.1 | 49.6 | 55.8 | 49.6 | 47.9 | 50.8 | 52.4 | 55.8 | 54.7 | 55.8 | 55.8 |
Nonfinancial business | 7.9 | 8.7 | 8.8 | 8.8 | 8.8 | 8.8 | 8.1 | 8.2 | 8.4 | 8.8 | 8.5 | 8.8 | 8.6 |
Pools of securitized assets 7,8 | 450.0 | 442.4 | 402.8 | 44.9 | 41.6 | 44.9 | 42.5 | 40.7 | 40.2 | 41.6 | 41.6 | 41.6 | 41.6 |
Nonrevolving | 1582.1 | 1605.1 | 1584.9 | 1608.0 | 1690.6 | 1608.0 | 1622.3 | 1636.9 | 1673.3 | 1690.6 | 1681.0 | 1690.6 | 1723.5 |
Commercial banks | 450.7 | 488.1 | 492.9 | 483.6 | 492.5 | 483.6 | 481.9 | 490.5 | 489.9 | 492.5 | 490.1 | 492.5 | 496.9 |
Finance companies | 498.0 | 501.3 | 441.3 | 446.7 | 428.2 | 446.7 | 440.8 | 431.8 | 432.1 | 428.2 | 426.8 | 428.2 | 428.2 |
Credit unions | 204.6 | 202.8 | 201.7 | 190.1 | 185.1 | 190.1 | 183.1 | 185.1 | 187.6 | 185.1 | 188.1 | 185.1 | 188.2 |
Federal government 6 | 98.4 | 111.0 | 186.0 | 316.4 | 425.1 | 316.4 | 355.2 | 370.1 | 406.1 | 425.1 | 416.3 | 425.1 | 453.0 |
Savings institutions | 46.0 | 46.8 | 39.5 | 37.2 | 36.2 | 37.2 | 36.9 | 36.7 | 36.9 | 36.2 | 36.4 | 36.2 | 36.4 |
Nonfinancial business | 50.7 | 51.1 | 48.4 | 47.2 | 48.2 | 47.2 | 44.6 | 44.8 | 44.7 | 48.2 | 45.5 | 48.2 | 46.8 |
Pools of securitized assets 7,8 | 233.6 | 204.0 | 175.1 | 86.8 | 75.3 | 86.8 | 79.9 | 78.0 | 75.9 | 75.3 | 77.7 | 75.3 | 74.1 |
*This release is generally issued on the fifth business day of each month. See the Statistical Release Schedule for more information.