Federal Reserve Statistical Release, G.19, Consumer Credit; title with eagle logo links to Statistical Release home page


Release Date: January 07, 2000

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G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 November 1999 January 7, 2000
 

Outstanding consumer credit accelerated to a 13-3/4 percent annual rate of increase in November from a 4-1/2 percent pace in October.
Growth in both revolving and nonrevolving credit picked up smartly in November.
 

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
            1998 1999
  1994 1995 1996 1997 1998 Q3 Q4 Q1 Q2 Q3 Sep Oct Nov p
Percent change at annual rate 2   
  Total                           14.5     14.1      7.9      4.4      5.4      6.2      5.3      9.9      4.5      5.6      3.0      4.6     13.7 
   Revolving                      18.0     21.2     12.7      6.4      5.5      4.9      6.3      4.6      8.1      4.1      0.0     -0.5      9.1 
   Nonrevolving 3                 12.5      9.7      4.6      2.9      5.3      7.2      4.6     14.0      1.9      6.6      5.2      8.4     17.1 
                           
Amount: billions of dollars       
  Total                          960.7   1096.0   1182.4   1234.1   1300.5   1283.3   1300.5   1332.8   1347.8   1366.6   1366.6   1371.8   1387.4 
   Revolving                     365.6    443.2    499.5    531.3    560.7    551.9    560.7    567.1    578.5    584.5    584.5    584.3    588.7 
   Nonrevolving 3                595.1    652.8    682.9    702.8    739.8    731.4    739.8    765.7    769.3    782.1    782.1    787.5    798.7 
              
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4                                                             
Percent except as noted: not seasonally adjusted                                                                        
Institution, terms, and type of loan                                                                                    
Commercial banks                                                                                                        
     Interest rates                                                                                                     
   48-mo. new car                 8.12     9.57     9.05     9.02     8.72     8.71     8.62     8.34     8.30     8.44      n.a.     n.a.    8.66 
   24-mo. personal             
        Credit card plan       
 13.19    13.94    13.54    13.90    13.74    13.45    13.75    13.41    13.26    13.38      n.a.     n.a.   13.52 
    All accounts                 15.69    15.90    15.63    15.77    15.71    15.83    15.69    15.41    15.21    15.08      n.a.     n.a.   15.13 
    Accounts assessed interest   15.77    15.64    15.50    15.57    15.59    15.85    15.54    14.73    14.94    14.79      n.a.     n.a.   14.77 
                
New car loans at auto finance companies                                                                                 
  Interest Rates                  9.79    11.19     9.84     7.12     6.30     6.05     6.52     6.32     6.56     6.48     6.47     7.07     7.44 
  Maturity (months)               54.0     54.1     51.6     54.1     52.1     52.6     52.7     52.8     52.5     51.9     52.1     53.2     53.9 
  Loan-to-Value Ratio               92       92       91       92       92       93       92       92       92       92       92       92       91 
  Amount financed (dollars)     15,375   16,210   16,987   18,077   19,083   19,060   19,507   19,424   19,565   20,013   20,154   20,335   20,517 
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
            1998 1999
  1994 1995 1996 1997 1998 Q3 Q4 Q1 Q2 Q3 Sep Oct Nov p
Total                               983.9   1122.8   1211.6   1264.1   1331.7   1286.6   1331.7   1319.3   1340.4   1370.1   1370.1   1376.9   1394.1 
                                                           
Major holders                                              
Total                               983.9   1122.8   1211.6   1264.1   1331.7   1286.6   1331.7   1319.3   1340.4   1370.1   1370.1   1376.9   1394.1 
Commercial banks                    458.8    502.0    526.8    512.6    508.9    497.9    508.9    494.0    477.8    472.5    472.5    473.5    482.4 
Finance companies                   134.4    152.1    152.4    160.0    168.5    159.1    168.5    167.8    173.6    173.0    173.0    174.1    175.3 
Credit unions                       119.6    131.9    144.1    152.4    155.4    154.3    155.4    155.8    158.2    164.1    164.1    165.9    167.7 
Savings institutions                 38.5     40.1     44.7     47.2     51.6     50.3     51.6     53.6     57.2     60.1     60.1     61.0     62.0 
Nonfinancial business                86.6     85.1     77.7     78.9     74.9     65.5     74.9     67.1     68.0     67.5     67.5     68.0     70.3 
Pools of securitized assets 5       146.1    211.6    265.8    313.1    372.4    359.4    372.4    380.9    405.6    433.0    433.0    434.5    436.4 
              
Major types of credit 6                        
Revolving                           383.2    464.1    522.9    555.9    586.5    549.0    586.5    561.4    572.5    581.4    581.4    583.1    591.1 
   Commercial banks                 182.0    210.3    228.6    219.8    210.3    197.6    210.3    190.0    178.0    168.9    168.9    167.5    172.3 
   Finance companies                 25.9     28.5     32.5     38.6     32.3     28.4     32.3     31.2     32.4     30.7     30.7     31.5     30.5 
   Credit unions                     13.2     15.5     17.8     19.6     19.9     18.8     19.9     18.7     18.9     19.5     19.5     19.5     19.7 
   Savings institutions               9.2      8.4     10.3     11.4     12.5     11.1     12.5     12.4     12.8     13.5     13.5     13.7     13.9 
   Nonfinancial business             56.8     53.5     44.9     45.0     39.2     33.7     39.2     33.8     34.6     34.2     34.2     34.5     36.0 
   Pools of securitized assets 5     96.1    147.9    188.7    221.5    272.3    259.3    272.3    275.3    295.8    314.6    314.6    316.5    318.5 
              
Nonrevolving                        600.7    658.7    688.7    708.2    745.2    737.6    745.2    757.9    768.0    788.7    788.7    793.9    803.0 
   Commercial banks                 276.8    291.7    298.2    292.7    298.6    300.3    298.6    304.0    299.7    303.6    303.6    306.0    310.0 
   Finance companies                108.5    123.7    119.9    121.4    136.2    130.8    136.2    136.6    141.2    142.2    142.2    142.6    144.8 
   Credit unions                    106.4    116.5    126.3    132.8    135.5    135.6    135.5    137.0    139.3    144.6    144.6    146.5    148.0 
   Savings institutions              29.3     31.7     34.4     35.7     39.2     39.2     39.2     41.3     44.4     46.6     46.6     47.3     48.1 
   Nonfinancial business             29.8     31.5     32.8     34.0     35.7     31.8     35.7     33.4     33.4     33.3     33.3     33.4     34.3 
   Pools of securitized assets 5     49.9     63.7     77.1     91.6    100.1    100.0    100.1    105.6    109.9    118.4    118.4    118.0    117.9 
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: November 08, 2001