G.19                                                        CONSUMER CREDIT                                                   July 2006
                                                 For release at 3 p.m. (Eastern Time)                                 September 8, 2006

Consumer credit increased at an annual rate of 2-3/4 percent in July.  Data for finance companies have been revised from June 2000
forward.  This revision boosted the annual growth rate of total consumer credit about 1-1/4 percentage points from 2001 to 2005. 1

CONSUMER CREDIT OUTSTANDING 2, 3
Seasonally adjusted

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

1. The finance company revision is a result of benchmarking to the 2005 quinquennial finance company survey. For more information on
this survey, visit www.federalreserve.gov/releases/G19/.
2. Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
3. Seasonally adjusted series have been revised from January 1996 forward as a result of new seasonal factors.
4. The series for consumer credit outstanding and its components may contain breaks that result from discontinuities in source data.
Percent changes are adjusted to exclude the effect of such breaks. In addition percent changes are at a simple annual rate and are
calculated from unrounded data.
5. Includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats,
trailers, or vacations. These loans may be secured or unsecured.
6. 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.
7. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets
of the loan originators.
8. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised.  p=preliminary.

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