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Release Date: May 5, 2000
Release dates | Historical data
Current release Other formats: Screen reader | ASCII | PDF (17KB)
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 March 2000 May 5, 2000
Consumer credit grew at a 7-3/4 percent annual rate in March, down from 9-3/4 percent in February. In March, revolving credit again
rose briskly while nonrevolving credit rose slowly.
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
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1999 2000
_______________________________ _______________________________
1995 1996 1997 1998 1999 Q1 Q2 Q3 Q4 Q1 p Jan Feb r Mar p
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Percent change at annual rate 2
Total 14.1 7.9 4.4 5.4 7.1 10.0 4.5 5.2 8.1 11.2 15.7 9.8 7.7
Revolving 21.2 12.7 6.4 5.5 6.3 4.6 8.1 4.1 7.8 15.2 18.5 11.2 15.3
Nonrevolving 3 9.7 4.6 2.9 5.3 7.8 14.0 1.9 6.1 8.3 8.1 13.6 8.7 2.0
Amount: billions of dollars
Total 1096.0 1182.4 1234.1 1300.5 1393.1 1332.8 1347.8 1365.4 1393.1 1431.9 1411.3 1422.8 1431.9
Revolving 443.2 499.5 531.3 560.7 595.8 567.1 578.5 584.4 595.8 618.4 605.0 610.6 618.4
Nonrevolving 3 652.8 682.9 702.8 739.8 797.3 765.7 769.3 781.0 797.3 813.5 806.3 812.2 813.5
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TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
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Institution, terms, and type of loan
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Commercial banks
Interest rates
48-mo. new car 9.57 9.05 9.02 8.72 8.44 8.34 8.30 8.44 8.66 8.88 n.a. 8.88 n.a.
24-mo. personal 13.94 13.54 13.90 13.74 13.39 13.41 13.26 13.38 13.52 13.76 n.a. 13.76 n.a.
Credit card plan
All accounts 15.90 15.63 15.77 15.71 15.21 15.41 15.21 15.08 15.13 15.47 n.a. 15.47 n.a.
Accounts assessed interest 15.64 15.50 15.57 15.59 14.81 14.73 14.94 14.79 14.77 14.32 n.a. 14.32 n.a.
New car loans at auto finance companies
Interest Rates 11.19 9.84 7.12 6.30 6.66 6.32 6.56 6.48 7.27 7.09 7.18 7.34 6.76
Maturity (months) 54.1 51.6 54.1 52.1 52.7 52.8 52.5 51.9 53.5 52.9 52.9 52.7 53.1
Loan-to-Value Ratio 92 91 92 92 92 92 92 92 91 92 91 92 93
Amount financed (dollars) 16,210 16,987 18,077 19,083 19,880 19,424 19,565 20,013 20,517 20,368 20,503 20,206 20,395
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This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.
1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
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1999 2000
_______________________________ _______________________________
1995 1996 1997 1998 1999 Q1 Q2 Q3 Q4 Q1 p Jan Feb r Mar p
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Total 1122.8 1211.6 1264.1 1331.7 1426.2 1319.3 1340.4 1368.9 1426.2 1417.3 1420.6 1416.2 1417.3
Major holders
Total 1122.8 1211.6 1264.1 1331.7 1426.2 1319.3 1340.4 1368.9 1426.2 1417.3 1420.6 1416.2 1417.3
Commercial banks 502.0 526.8 512.6 508.9 499.8 494.0 477.8 472.5 499.8 494.2 498.6 499.1 494.2
Finance companies 152.1 152.4 160.0 168.5 181.6 167.8 173.6 173.0 181.6 183.8 184.9 186.9 183.8
Credit unions 131.9 144.1 152.4 155.4 167.9 155.8 158.2 162.9 167.9 169.3 168.1 168.2 169.3
Savings institutions 40.1 44.7 47.2 51.6 61.5 53.6 57.2 60.1 61.5 63.0 62.0 62.5 63.0
Nonfinancial business 85.1 77.7 78.9 74.9 80.3 67.1 68.0 67.5 80.3 72.8 76.1 73.5 72.8
Pools of securitized assets 5 211.6 265.8 313.1 372.4 435.1 380.9 405.6 433.0 435.1 434.0 431.0 426.0 434.0
Major types of credit 6
Revolving 464.1 522.9 555.9 586.5 623.2 561.4 572.5 581.3 623.2 612.1 615.6 611.5 612.1
Commercial banks 210.3 228.6 219.8 210.3 189.4 190.0 178.0 168.9 189.4 184.8 185.5 186.4 184.8
Finance companies 28.5 32.5 38.6 32.3 33.8 31.2 32.4 30.7 33.8 31.5 34.4 32.9 31.5
Credit unions 15.5 17.8 19.6 19.9 20.6 18.7 18.9 19.4 20.6 19.8 20.2 19.9 19.8
Savings institutions 8.4 10.3 11.4 12.5 15.8 12.4 12.8 13.5 15.8 18.2 16.6 17.4 18.2
Nonfinancial business 53.5 44.9 45.0 39.2 42.8 33.8 34.6 34.2 42.8 37.3 39.7 37.8 37.3
Pools of securitized assets 5 147.9 188.7 221.5 272.3 320.8 275.3 295.8 314.6 320.8 320.6 319.3 317.0 320.6
Nonrevolving 658.7 688.7 708.2 745.2 802.9 757.9 768.0 787.7 802.9 805.1 805.0 804.8 805.1
Commercial banks 291.7 298.2 292.7 298.6 310.4 304.0 299.7 303.6 310.4 309.4 313.1 312.8 309.4
Finance companies 123.7 119.9 121.4 136.2 147.8 136.6 141.2 142.2 147.8 152.4 150.5 154.0 152.4
Credit unions 116.5 126.3 132.8 135.5 147.3 137.1 139.3 143.5 147.3 149.6 147.9 148.3 149.6
Savings institutions 31.7 34.4 35.7 39.2 45.7 41.3 44.4 46.6 45.7 44.8 45.4 45.1 44.8
Nonfinancial business 31.5 32.8 34.0 35.7 37.5 33.4 33.4 33.3 37.5 35.5 36.3 35.6 35.5
Pools of securitized assets 5 63.7 77.1 91.6 100.1 114.2 105.6 109.9 118.4 114.2 113.5 111.7 109.0 113.5
1. Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, trailers, or
vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges at
all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which no
finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and are
volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.
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Last update: May 5, 2000