Consumer credit data have been revised to incorporate the updating of seasonal factors and the benchmarking of the finance
company components to the June 1996 Survey of Finance Companies.
 

     In addition to the usual benchmark revisions, the revolving credit category has been expanded to include the revolving 
credit held by finance companies, and the "other" category has been reduced by the same amount.  Previously, revolving credit 
was not reported by finance companies separately but was carried as part of "other" consumer credit.  Thus, this change does 
not affect total consumer credit.
 

     This release includes revised data from the beginning of 1990.  A diskette containing complete historical data for all 
series shown in this release is available from the Federal Reserve Board's Publications Section, Mail Stop 127, Board of 
Governors of the Federal Reserve System, Washington, DC, 20551, (202) 452 - 3245.
 

 

 

 

 

 

G.19                                                        CONSUMER CREDIT                        For release at 3 p.m. (Eastern Time)
1                                                              June 1997                                                 August 7, 1997
 

The amount of consumer credit outstanding in June was unchanged from that in May.  Revolving credit grew a bit more rapidly than in 
May, while the level of motor vehicle credit was unchanged and that of "other" credit declined in June.  Data in this release have 
been revised from January 1990 to date.
 

 

 

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted

Footnotes appear on reverse.
 

 

 

1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted
 

 

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 mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education, boats,
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.