Consumer credit increased at an annual rate of 3 percent in April. Revolving credit decreased at an annual rate of 4-3/4 percent, while nonrevolving credit increased at an annual rate of 7 percent.
Consumer Credit Outstanding 1 Seasonally adjusted. Billions of dollars except as noted.
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Year | Quarter | Month | |||||||||||
2011 | 2012 | ||||||||||||
2007r | 2008r | 2009r | 2010r | 2011r | Q1r | Q2r | Q3r | Q4r | Q1r | Febr | Marr | Aprp | |
Total percent change (annual rate)2 | 5.9 | 0.8 | -4.5 | -1.3 | 4.0 | 3.5 | 3.4 | 2.3 | 6.7 | 5.8 | 4.0 | 5.9 | 3.1 |
Revolving | 8.5 | 0.0 | -8.8 | -7.4 | 0.9 | 0.0 | 0.9 | 0.0 | 3.2 | 0.0 | 0.0 | 5.1 | -4.8 |
Nonrevolving 3 | 4.3 | 1.2 | -1.8 | 2.5 | 5.7 | 5.5 | 4.7 | 3.7 | 8.6 | 8.6 | 6.1 | 6.2 | 7.1 |
Total flow (annual rate)2,4 | 141.4 | 20.1 | -115.8 | -30.6 | 96.6 | 83.6 | 81.5 | 56.5 | 164.8 | 144.6 | 101.8 | 148.4 | 78.2 |
Revolving | 78.7 | 2.2 | -88.4 | -68.1 | 7.5 | 0.0 | 7.3 | -3.2 | 27.2 | 3.5 | 0.0 | 44.3 | -41.3 |
Nonrevolving 3 | 62.7 | 17.9 | -27.4 | 37.6 | 89.1 | 84.9 | 74.2 | 59.7 | 137.7 | 141.1 | 101.7 | 104.1 | 119.5 |
Total outstanding | 2,528.5 | 2,548.6 | 2,438.5 | 2,411.6 | 2,508.2 | 2,432.5 | 2,452.9 | 2,467.0 | 2,508.2 | 2,544.4 | 2,532.0 | 2,544.4 | 2,550.9 |
Revolving | 1,008.1 | 1,010.3 | 921.9 | 857.4 | 864.9 | 857.0 | 858.9 | 858.1 | 864.9 | 865.7 | 862.0 | 865.7 | 862.3 |
Nonrevolving 3 | 1,520.4 | 1,538.3 | 1,516.7 | 1,554.2 | 1,643.3 | 1,575.5 | 1,594.0 | 1,608.9 | 1,643.3 | 1,678.6 | 1,669.9 | 1,678.6 | 1,688.6 |
Terms of Credit 5
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 | 5.73 | 5.85 | 5.79 | 5.89 | 5.40 | 5.07 | 5.07 | n.a. | n.a. |
24-mo. personal | 12.38 | 11.37 | 11.10 | 10.87 | 10.88 | 10.98 | 11.37 | 10.80 | 10.36 | 10.88 | 10.88 | n.a. | n.a. |
Credit card plans | |||||||||||||
All accounts | 13.30 | 12.08 | 13.40 | 13.78 | 12.74 | 13.44 | 12.89 | 12.28 | 12.36 | 12.34 | 12.34 | n.a. | n.a. |
Accounts assessed interest | 14.68 | 13.57 | 14.31 | 14.26 | 13.09 | 13.44 | 13.06 | 13.08 | 12.78 | 13.04 | 13.04 | n.a. | n.a. |
Finance companies (new car loans)6 | |||||||||||||
Interest rates | 4.87 | 5.52 | 3.82 | 4.26 | 4.73 | 4.73 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Maturity (months) | 62.0 | 63.4 | 62.0 | 63.0 | 62.3 | 62.3 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Loan-to-value ratio | 95 | 91 | 90 | 86 | 80 | 80 | n.a. | 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 | 26,673 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Consumer Credit Outstanding (Levels) 1 (Billions of dollars) Not seasonally adjusted |
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Year | Quarter | Month | |||||||||||
2011 | 2012 | ||||||||||||
2007r | 2008r | 2009r | 2010r | 2011r | Q1r | Q2r | Q3r | Q4r | Q1r | Febr | Marr | Aprp | |
Total | 2,528.5 | 2,548.6 | 2,438.5 | 2,411.6 | 2,508.2 | 2,382.6 | 2,405.4 | 2,451.8 | 2,508.2 | 2,494.5 | 2,496.9 | 2,494.5 | 2,504.0 |
Major holders | |||||||||||||
Depository institutions | 894.6 | 964.7 | 906.0 | 1,185.2 | 1,192.3 | 1,143.3 | 1,159.5 | 1,162.8 | 1,192.3 | 1,154.3 | 1,160.9 | 1,154.3 | 1,154.3 |
Finance companies | 572.1 | 554.3 | 471.9 | 575.0 | 567.3 | 564.8 | 557.7 | 560.6 | 567.3 | 559.1 | 561.1 | 559.1 | 559.0 |
Credit unions | 236.6 | 236.2 | 237.1 | 226.5 | 223.0 | 218.1 | 220.9 | 223.9 | 223.0 | 223.0 | 223.8 | 223.0 | 226.0 |
Federal government 7 | 93.0 | 104.3 | 178.6 | 308.8 | 417.4 | 347.5 | 362.4 | 398.5 | 417.4 | 452.6 | 445.6 | 452.6 | 458.7 |
Nonfinancial business | 59.3 | 56.3 | 51.7 | 53.1 | 53.1 | 51.5 | 51.7 | 52.2 | 53.1 | 51.5 | 51.9 | 51.5 | 51.6 |
Pools of securitized assets 8,9 | 673.0 | 632.9 | 593.3 | 63.0 | 55.0 | 57.5 | 53.3 | 53.8 | 55.0 | 54.0 | 53.5 | 54.0 | 54.4 |
Major types of credit, by holder | |||||||||||||
Revolving | 1,008.1 | 1,010.3 | 921.9 | 857.4 | 864.9 | 810.7 | 819.2 | 826.2 | 864.9 | 819.4 | 826.6 | 819.4 | 819.7 |
Depository institutions | 398.2 | 430.1 | 373.9 | 664.7 | 663.9 | 624.9 | 632.6 | 636.3 | 663.9 | 628.0 | 631.0 | 628.0 | 628.1 |
Finance companies | 77.3 | 62.0 | 38.3 | 92.2 | 100.5 | 90.0 | 91.2 | 93.6 | 100.5 | 93.5 | 96.5 | 93.5 | 94.0 |
Credit unions | 31.1 | 33.4 | 35.4 | 36.3 | 37.9 | 35.0 | 35.8 | 36.3 | 37.9 | 36.4 | 36.7 | 36.4 | 36.6 |
Federal government 7 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Nonfinancial business | 36.1 | 34.7 | 32.3 | 32.8 | 32.8 | 31.2 | 31.4 | 31.7 | 32.8 | 31.2 | 31.5 | 31.2 | 31.3 |
Pools of securitized assets 8,9 | 465.5 | 450.0 | 441.9 | 31.4 | 29.8 | 29.6 | 28.1 | 28.4 | 29.8 | 30.2 | 30.9 | 30.2 | 29.8 |
Nonrevolving | 1,520.4 | 1,538.3 | 1,516.7 | 1,554.2 | 1,643.3 | 1,572.0 | 1,586.3 | 1,625.6 | 1,643.3 | 1,675.1 | 1,670.3 | 1,675.1 | 1,684.3 |
Depository institutions | 496.4 | 534.6 | 532.1 | 520.5 | 528.4 | 518.4 | 526.9 | 526.5 | 528.4 | 526.3 | 529.8 | 526.3 | 526.2 |
Finance companies | 494.8 | 492.2 | 433.6 | 482.9 | 466.9 | 474.8 | 466.4 | 467.0 | 466.9 | 465.6 | 464.6 | 465.6 | 465.1 |
Credit unions | 205.5 | 202.8 | 201.7 | 190.1 | 185.1 | 183.1 | 185.1 | 187.6 | 185.1 | 186.6 | 187.1 | 186.6 | 189.4 |
Federal government 7 | 93.0 | 104.3 | 178.6 | 308.8 | 417.4 | 347.5 | 362.4 | 398.5 | 417.4 | 452.6 | 445.6 | 452.6 | 458.7 |
Nonfinancial business | 23.2 | 21.6 | 19.4 | 20.3 | 20.3 | 20.3 | 20.2 | 20.5 | 20.3 | 20.3 | 20.4 | 20.3 | 20.3 |
Pools of securitized assets 8,9 | 207.5 | 182.9 | 151.4 | 31.7 | 25.2 | 27.9 | 25.2 | 25.5 | 25.2 | 23.9 | 22.7 | 23.9 | 24.6 |
Consumer Credit Outstanding (Flows) 1 (Billions of dollars; annual rate) Not seasonally adjusted |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Quarter | Month | |||||||||||
2011 | 2012 | ||||||||||||
2007r | 2008r | 2009r | 2010r | 2011r | Q1r | Q2r | Q3r | Q4r | Q1r | Febr | Marr | Aprp | |
Total | 141.4 | 20.1 | -115.8 | -30.6 | 96.6 | -115.8 | 91.2 | 185.6 | 225.5 | -54.8 | -243.3 | -28.7 | 114.5 |
Major holders | |||||||||||||
Depository institutions | 58.2 | 70.1 | -64.5 | -70.4 | 7.1 | -167.8 | 65.1 | 13.1 | 118.1 | -152.2 | -167.1 | -79.1 | 0.3 |
Finance companies | 40.2 | -17.9 | -82.4 | -27.0 | 83.2 | -41.0 | -28.5 | 11.9 | 26.8 | -33.1 | -35.3 | -24.6 | -0.5 |
Credit unions | 0.5 | -0.4 | 0.9 | -10.7 | -3.4 | -33.3 | 10.9 | 12.2 | -3.5 | 0.1 | -20.0 | -9.3 | 35.5 |
Federal government 7 | 6.0 | 11.3 | 74.3 | 130.2 | 108.7 | 155.0 | 59.7 | 144.2 | 75.7 | 140.6 | 3.7 | 83.2 | 73.4 |
Nonfinancial business | 2.2 | -3.0 | -4.6 | -2.3 | 0.0 | -6.4 | 0.8 | 2.2 | 3.5 | -6.5 | -8.3 | -5.1 | 1.1 |
Pools of securitized assets 8,9 | 34.1 | -40.1 | -39.6 | -50.4 | -8.0 | -22.3 | -16.7 | 2.0 | 4.8 | -3.8 | -16.2 | 6.2 | 4.7 |
Major types of credit, by holder | |||||||||||||
Revolving | 78.7 | 2.2 | -88.4 | -68.1 | 7.5 | -186.8 | 34.0 | 28.3 | 154.5 | -182.1 | -190.5 | -87.1 | 4.6 |
Depository institutions | 28.4 | 31.9 | -56.2 | -34.4 | -0.8 | -159.3 | 31.1 | 14.6 | 110.5 | -143.6 | -142.1 | -36.2 | 0.6 |
Finance companies | 3.9 | -15.3 | -23.8 | 0.5 | 8.3 | -8.8 | 5.0 | 9.5 | 27.4 | -27.8 | -25.8 | -35.7 | 5.4 |
Credit unions | 3.7 | 2.4 | 2.0 | 0.9 | 1.6 | -5.3 | 3.0 | 2.0 | 6.7 | -6.0 | -6.9 | -3.0 | 1.5 |
Federal government 7 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Nonfinancial business | 2.4 | -1.3 | -2.4 | -3.3 | -0.0 | -6.3 | 1.0 | 1.0 | 4.3 | -6.3 | -6.6 | -4.2 | 1.2 |
Pools of securitized assets 8,9 | 40.2 | -15.5 | -8.0 | -31.9 | -1.6 | -7.1 | -6.1 | 1.1 | 5.7 | 1.7 | -8.9 | -7.9 | -4.1 |
Nonrevolving | 62.7 | 17.9 | -27.4 | 37.6 | 89.1 | 70.9 | 57.2 | 157.2 | 71.0 | 127.2 | -52.8 | 58.4 | 109.9 |
Depository institutions | 29.8 | 38.1 | -8.3 | -36.0 | 7.9 | -8.5 | 34.0 | -1.6 | 7.7 | -8.6 | -25.0 | -42.9 | -0.2 |
Finance companies | 36.3 | -2.6 | -58.6 | -27.5 | -16.0 | -32.2 | -33.5 | 2.3 | -0.6 | -5.2 | -9.5 | 11.1 | -5.9 |
Credit unions | -3.2 | -2.7 | -1.1 | -11.6 | -5.0 | -28.0 | 7.9 | 10.2 | -10.2 | 6.0 | -13.1 | -6.3 | 34.0 |
Federal government 7 | 6.0 | 11.3 | 74.3 | 130.2 | 108.7 | 155.0 | 59.7 | 144.2 | 75.7 | 140.6 | 3.7 | 83.2 | 73.4 |
Nonfinancial business | -0.2 | -1.6 | -2.2 | 0.9 | 0.0 | -0.1 | -0.2 | 1.2 | -0.8 | -0.1 | -1.7 | -0.8 | -0.1 |
Pools of securitized assets 8,9 | -6.1 | -24.6 | -31.5 | -18.5 | -6.4 | -15.2 | -10.6 | 0.9 | -0.9 | -5.5 | -7.3 | 14.2 | 8.8 |
*This release is generally issued on the fifth business day of each month. See the Statistical Release Schedule for more information.