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Release Date: October 7, 2011
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G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 August 2011 October 7, 2011
Consumer credit decreased at an annual rate of 4-1/2 percent in August 2011. Revolving credit decreased at an annual rate of 3-1/2
percent, and nonrevolving credit decreased at an annual rate of 5-1/4 percent.
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
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2010 2011
_______________________ _______________________________________
2006 2007 2008 2009 2010 Q2 Q3 Q4 Q1 Q2 r Jun r Jul r Aug p
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Percent change at annual rate 2
Total 4.1 5.8 1.6 -4.4 -1.7 -3.3 -2.1 2.5 2.2 3.5 5.6 5.9 -4.6
Revolving 5.0 8.1 1.7 -9.6 -7.5 -7.7 -10.1 -2.6 -3.7 1.5 3.9 -5.4 -3.4
Nonrevolving 3 3.6 4.4 1.5 -1.2 1.5 -0.9 2.1 5.0 5.1 4.4 6.4 11.3 -5.2
Amount: billions of dollars
Total 2384.9 2522.5 2561.8 2450.1 2408.3 2406.4 2393.6 2408.3 2421.5 2442.5 2442.5 2454.4 2444.9
Revolving 871.0 941.9 957.5 865.5 800.2 826.3 805.4 800.2 792.8 795.9 795.9 792.3 790.1
Nonrevolving 3 1513.9 1580.7 1604.3 1584.6 1608.1 1580.1 1588.2 1608.1 1628.6 1646.6 1646.6 1662.1 1654.8
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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 7.72 7.77 7.02 6.72 6.21 6.26 6.24 5.87 5.86 5.81 n.a. n.a. 5.94
24-mo. personal 12.41 12.38 11.37 11.10 10.87 11.00 10.71 10.94 11.01 11.47 n.a. n.a. 10.82
Credit card plan
All accounts 13.21 13.30 12.08 13.40 13.78 13.84 13.59 13.44 13.43 12.92 n.a. n.a. 12.28
Accounts assessed interest 14.73 14.68 13.57 14.31 14.26 14.48 14.22 13.67 13.44 13.11 n.a. n.a. 13.08
New car loans at auto finance companies 5
Interest rates 4.99 4.87 5.52 3.82 4.26 4.09 4.08 4.57 4.73 n.a. n.a. n.a. n.a.
Maturity (months) 63.0 62.0 63.4 62.0 63.0 62.9 63.8 62.5 62.3 n.a. n.a. n.a. n.a.
Loan-to-value ratio 94 95 91 90 86 87 87 82 80 n.a. n.a. n.a. n.a.
Amount financed (dollars) 26,620 28,287 26,178 28,272 27,959 27,888 28,081 27,423 26,673 n.a. n.a. n.a. n.a.
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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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2010 2011
_______________________ _______________________________________
2006 2007 2008 2009 2010 Q2 Q3 Q4 Q1 Q2 r Jun r Jul r Aug p
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Total 2416.0 2555.3 2594.1 2478.9 2434.7 2387.5 2407.8 2434.7 2401.9 2423.5 2423.5 2441.4 2454.3
Major holders
Total 2416.0 2555.3 2594.1 2478.9 2434.7 2387.5 2407.8 2434.7 2401.9 2423.5 2423.5 2441.4 2454.3
Commercial banks 741.2 804.1 878.6 855.3 1098.7 1133.7 1115.2 1098.7 1058.9 1072.3 1072.3 1073.6 1078.3
Finance companies 534.4 584.1 575.8 487.8 518.6 527.2 516.3 518.6 509.8 501.8 501.8 503.7 505.6
Credit unions 234.5 235.7 236.2 237.2 226.5 225.8 224.9 226.5 218.1 220.9 220.9 222.6 225.0
Federal government 6 91.7 98.4 111.0 186.0 316.4 222.6 280.3 316.4 355.2 370.1 370.1 385.7 391.8
Savings institutions 95.5 90.8 86.3 77.5 86.8 80.6 82.1 86.8 84.7 87.4 87.4 87.6 87.7
Nonfinancial business 57.6 58.6 59.8 57.2 56.0 52.8 52.4 56.0 52.8 53.1 53.1 53.0 53.3
Pools of securitized assets 7,8 661.1 683.7 646.4 577.9 131.7 144.8 136.6 131.7 122.4 117.9 117.9 115.2 112.6
Major types of credit
Revolving 900.2 973.2 989.1 894.0 826.7 817.4 806.9 826.7 779.6 787.4 787.4 788.8 792.6
Commercial banks 327.3 353.4 390.6 362.4 615.1 616.7 603.7 615.1 577.0 581.9 581.9 582.2 585.8
Finance companies 79.9 86.0 74.4 46.4 71.9 65.9 67.2 71.9 69.0 70.0 70.0 71.0 71.4
Credit unions 27.4 31.1 33.4 35.4 36.3 34.9 35.3 36.3 35.0 35.8 35.8 36.0 36.3
Federal government 6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Savings institutions 42.5 44.8 39.6 38.1 49.6 43.1 45.3 49.6 47.9 50.8 50.8 50.6 50.4
Nonfinancial business 8.7 7.9 8.7 8.8 8.8 8.2 8.4 8.8 8.1 8.2 8.2 8.3 8.4
Pools of securitized assets 7,8 414.4 450.0 442.4 402.8 44.9 48.7 47.0 44.9 42.5 40.7 40.7 40.7 40.3
Nonrevolving 1515.8 1582.1 1605.1 1584.9 1608.0 1570.0 1601.0 1608.0 1622.3 1636.1 1636.1 1652.6 1661.7
Commercial banks 413.9 450.7 488.1 492.9 483.6 517.0 511.5 483.6 481.9 490.5 490.5 491.3 492.5
Finance companies 454.5 498.0 501.3 441.3 446.7 461.3 449.1 446.7 440.8 431.8 431.8 432.7 434.1
Credit unions 207.1 204.6 202.8 201.7 190.1 190.9 189.6 190.1 183.1 185.1 185.1 186.6 188.7
Federal government 6 91.7 98.4 111.0 186.0 316.4 222.6 280.3 316.4 355.2 370.1 370.1 385.7 391.8
Savings institutions 53.1 46.0 46.8 39.5 37.2 37.5 36.9 37.2 36.9 36.7 36.7 37.0 37.3
Nonfinancial business 48.9 50.7 51.1 48.4 47.2 44.6 44.1 47.2 44.6 44.8 44.8 44.7 44.9
Pools of securitized assets 7,8 246.7 233.6 204.0 175.1 86.8 96.1 89.6 86.8 79.9 77.2 77.2 74.5 72.3
1. Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
2. 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.
3. 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.
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).
5. The statistical foundation for these series has deteriorated in the past few months. Therefore, publication of these series is
temporarily being suspended. The statistical foundation is in the process of being improved, and publication will resume as soon as possible.
6. Data for the Student Loan Marketing Association (Sallie Mae) are included in the Federal government sector until the completion
of Sallie Mae's privatization in 2004:Q4 and in the Finance company sector thereafter.
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. The shift of consumer credit from pools of securitized assets to other categories is largely due to financial institutions'
implementation of the FAS 166/167 accounting rules.
r=revised. p=preliminary.Release dates | Historical data |
Data Download Program (DDP) | Announcements
Current release Other formats:
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