Current Release PDF Data Download

Release Date*: April 7, 2020

Notes about the Data

Starting with the April 2020 G.19 Consumer Credit statistical release, scheduled to be published on June 5, 2020, the release will no longer report the levels and flows of on-book loan balances and off-book securitized loan balances as separate line items. Instead, the release will report aggregate balances of total owned and managed receivables--the sum of on-book and off-book loan balances--for each sector. For more information, please see the announcement posted on March 6, 2020.

February 2020

In February, consumer credit increased at a seasonally adjusted annual rate of 6-1/2 percent. Revolving credit increased at a 4-1/2 percent annual rate, while nonrevolving credit increased at a 7 percent annual rate.
 
Consumer Credit Outstanding 1
Seasonally adjusted. Billions of dollars except as noted.
  2018 2019 2020
2015r 2016r 2017r 2018r 2019r Q4r Q1r Q2r Q3r Q4r Decr Janr Febp
Total percent change (annual rate)2 7.1 6.8 5.1 4.8 4.5 5.1 4.6 4.3 4.8 4.0 6.0 3.5 6.4
Revolving 5.5 6.8 5.6 3.1 3.8 4.1 2.5 4.6 4.3 3.4 12.6 -2.7 4.6
Nonrevolving 3 7.6 6.9 4.9 5.3 4.8 5.5 5.3 4.2 5.0 4.2 3.7 5.6 7.0
Total flow (annual rate)2,4 233.7 233.1 185.6 182.0 180.4 202.4 182.7 174.8 197.0 167.2 252.0 144.7 268.0
Revolving 48.7 61.3 54.4 32.0 39.7 42.8 26.3 49.0 46.2 37.3 136.9 -29.4 50.4
Nonrevolving 3 185.0 171.8 131.2 150.0 140.7 159.6 156.4 125.8 150.8 129.9 115.0 174.2 217.6
Total outstanding 3,410.3 3,643.4 3,829.0 4,010.7 4,191.1 4,010.7 4,056.4 4,100.1 4,149.3 4,191.1 4,191.1 4,203.2 4,225.5
Revolving 907.2 968.5 1,022.9 1,054.6 1,094.3 1,054.6 1,061.2 1,073.5 1,085.0 1,094.3 1,094.3 1,091.9 1,096.1
Nonrevolving 3 2,503.1 2,674.9 2,806.1 2,956.1 3,096.8 2,956.1 2,995.1 3,026.6 3,064.3 3,096.8 3,096.8 3,111.3 3,129.4
 
Terms of Credit
Not seasonally adjusted. Percent except as noted.
Commercial bank interest rates 5
New car loans
48-month 4.19 4.30 4.61 5.03 5.39 5.29 5.50 5.35 5.27 5.45 n.a. n.a. 5.29
60-month 4.20 4.14 4.33 5.02 5.31 5.36 5.24 5.36 5.27 5.37 n.a. n.a. 5.15
Credit card plans
All accounts 12.09 12.35 12.89 14.22 15.05 14.73 15.09 15.13 15.10 14.87 n.a. n.a. 15.09
Accounts assessed interest 13.66 13.56 14.44 16.04 16.98 16.86 16.91 17.14 16.97 16.88 n.a. n.a. 16.61
Personal loans
24-month 9.75 9.69 10.13 10.32 10.32 10.65 10.36 10.63 10.07 10.21 n.a. n.a. 9.63
 
Finance companies (new car loans)6
Interest rates 5.1 5.1 5.4 6.1 6.4 6.7 6.5 6.7 6.4 6.1 6.1 n.a. n.a.
Maturity (months) 65 66 67 66 67 66 66 66 66 67 67 n.a. n.a.
Amount financed (dollars) 27,472 28,601 29,288 30,173 31,311 30,494 30,865 31,171 31,514 31,692 31,692 n.a. n.a.
 
Consumer Credit Outstanding (Levels) 1
Not seasonally adjusted. Billions of dollars.
  2018 2019 2020
2015r 2016r 2017r 2018r 2019r Q4r Q1r Q2r Q3r Q4r Decr Janr Febp
Total 3,410.3 3,643.4 3,829.0 4,010.7 4,191.1 4,010.7 4,000.7 4,052.5 4,128.6 4,191.1 4,191.1 4,197.3 4,188.3
 
Major holders
Depository institutions 1,428.3 1,532.1 1,611.8 1,682.0 1,771.0 1,682.0 1,644.6 1,684.4 1,716.0 1,771.0 1,771.0 1,749.9 1,732.7
Finance companies 561.3 548.7 541.0 534.0 537.0 534.0 529.0 532.9 535.5 537.0 537.0 537.1 535.6
Credit unions 342.3 380.3 418.4 469.2 482.4 469.2 471.6 472.8 483.6 482.4 482.4 482.5 484.9
Federal government 7 949.7 1,049.3 1,145.6 1,236.3 1,318.8 1,236.3 1,269.6 1,278.3 1,311.0 1,318.8 1,318.8 1,346.7 1,354.7
Nonprofit and educational institutions 8 44.9 41.3 35.1 31.4 27.8 31.4 30.4 29.3 28.5 27.8 27.8 27.5 27.3
Nonfinancial business 37.8 38.9 39.4 39.6 39.6 39.6 38.5 38.7 38.9 39.6 39.6 39.2 38.7
Pools of securitized assets 9,10 46.0 52.8 37.6 18.3 14.4 18.3 17.1 16.1 15.1 14.4 14.4 14.4 14.3
 
Major types of credit, by holder
Revolving 907.2 968.5 1,022.9 1,054.6 1,094.3 1,054.6 1,005.9 1,032.3 1,045.2 1,094.3 1,094.3 1,066.6 1,049.0
Depository institutions 786.8 845.2 903.5 946.8 983.3 946.8 902.1 924.2 936.8 983.3 983.3 958.0 941.5
Finance companies 25.7 25.5 26.6 23.7 21.9 23.7 22.0 23.8 23.4 21.9 21.9 21.8 21.8
Credit unions 49.4 53.1 58.4 62.6 67.8 62.6 61.5 63.7 64.4 67.8 67.8 65.9 65.2
Federal government 7 ... ... ... ... ... ... ... ... ... ... ... ... ...
Nonprofit and educational institutions 8 ... ... ... ... ... ... ... ... ... ... ... ... ...
Nonfinancial business 21.7 22.2 21.1 21.4 21.4 21.4 20.3 20.6 20.6 21.4 21.4 20.9 20.5
Pools of securitized assets 9,10 23.5 22.5 13.4 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Nonrevolving 2,503.1 2,674.9 2,806.1 2,956.1 3,096.8 2,956.1 2,994.7 3,020.2 3,083.4 3,096.8 3,096.8 3,130.7 3,139.3
Depository institutions 641.4 686.9 708.4 735.1 787.8 735.1 742.5 760.2 779.2 787.8 787.8 791.9 791.2
Finance companies 535.6 523.1 514.4 510.3 515.2 510.3 507.0 509.1 512.1 515.2 515.2 515.2 513.9
Credit unions 292.9 327.2 360.0 406.6 414.7 406.6 410.0 409.1 419.2 414.7 414.7 416.6 419.7
Federal government 7 949.7 1,049.3 1,145.6 1,236.3 1,318.8 1,236.3 1,269.6 1,278.3 1,311.0 1,318.8 1,318.8 1,346.7 1,354.7
Nonprofit and educational institutions 8 44.9 41.3 35.1 31.4 27.8 31.4 30.4 29.3 28.5 27.8 27.8 27.5 27.3
Nonfinancial business 16.1 16.7 18.3 18.2 18.2 18.2 18.2 18.1 18.3 18.2 18.2 18.3 18.3
Pools of securitized assets 9,10 22.5 30.2 24.2 18.2 14.4 18.2 17.1 16.1 15.1 14.4 14.4 14.4 14.3
 
Memo
Student Loans 11 1,320.2 1,408.0 1,490.0 1,568.9 1,642.0 1,568.9 1,599.7 1,605.8 1,636.5 1,642.0 1,642.0 n.a. n.a.
Motor Vehicle Loans 12 1,000.0 1,075.6 1,112.7 1,152.6 1,195.9 1,152.6 1,159.4 1,171.3 1,189.6 1,195.9 1,195.9 n.a. n.a.
Consumer Credit Outstanding (Flows) 1
Not seasonally adjusted. Billions of dollars, annual rate.
  2018 2019 2020
  2015r 2016r 2017r 2018r 2019r Q4r Q1r Q2r Q3r Q4r Decr Janr Febp
Total 233.7 233.1 185.6 182.0 180.4 282.6 -40.0 207.4 304.2 250.2 422.3 73.7 -107.7
 
Major holders
Depository institutions 100.2 103.8 79.8 62.5 89.1 204.5 -149.5 159.3 126.2 220.3 382.0 -253.9 -205.9
Finance companies -2.4 -12.7 -7.7 -7.0 3.1 6.8 -20.1 15.6 10.6 6.1 3.9 0.4 -17.1
Credit unions 39.5 38.0 38.1 50.8 13.2 28.9 9.5 5.0 43.1 -4.7 5.7 0.7 28.9
Federal government 7 103.4 99.6 96.3 90.7 82.5 47.6 133.2 35.1 130.6 31.1 30.9 335.3 95.9
Nonprofit and educational institutions 8 -2.7 -3.6 -6.2 -3.8 -3.6 -3.3 -3.9 -4.5 -3.3 -2.5 -2.5 -3.7 -3.1
Nonfinancial business -0.5 1.2 0.5 0.2 0.0 2.9 -4.4 0.9 0.8 2.7 4.7 -4.5 -5.9
Pools of securitized assets 9,10 -3.8 6.8 -15.2 -11.5 -3.9 -4.8 -4.8 -4.0 -3.8 -2.8 -2.3 -0.5 -0.5
 
Major types of credit, by holder
Revolving 48.7 61.3 54.4 32.0 39.7 199.6 -194.8 105.5 51.4 196.7 403.7 -333.2 -210.9
Depository institutions 55.3 58.3 58.3 35.8 36.4 185.7 -178.9 88.4 50.2 186.1 372.2 -303.5 -197.7
Finance companies -5.4 -0.2 1.1 -2.9 -1.9 0.9 -7.0 7.3 -1.5 -6.1 -6.1 -0.5 -0.3
Credit unions 2.6 3.6 5.3 4.2 5.2 9.5 -4.2 8.7 2.7 13.5 32.4 -22.9 -7.6
Federal government 7 ... ... ... ... ... ... ... ... ... ... ... ... ...
Nonprofit and educational institutions 8 ... ... ... ... ... ... ... ... ... ... ... ... ...
Nonfinancial business 1.6 0.5 -1.1 0.3 0.0 3.6 -4.5 1.1 0.1 3.3 5.2 -6.4 -5.2
Pools of securitized assets 9,10 -5.4 -1.0 -9.1 -5.4 -0.1 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0
Nonrevolving 185.0 171.8 131.2 150.0 140.7 83.1 154.8 101.9 252.8 53.5 18.6 406.9 103.1
Depository institutions 44.9 45.5 21.4 26.7 52.6 18.9 29.4 70.9 76.1 34.3 9.8 49.6 -8.2
Finance companies 2.9 -12.5 -8.8 -4.1 4.9 5.9 -13.1 8.4 12.2 12.2 10.0 0.8 -16.8
Credit unions 36.9 34.3 32.8 46.6 8.1 19.4 13.7 -3.7 40.4 -18.2 -26.7 23.6 36.4
Federal government 7 103.4 99.6 96.3 90.7 82.5 47.6 133.2 35.1 130.6 31.1 30.9 335.3 95.9
Nonprofit and educational institutions 8 -2.7 -3.6 -6.2 -3.8 -3.6 -3.3 -3.9 -4.5 -3.3 -2.5 -2.5 -3.7 -3.1
Nonfinancial business -2.1 0.7 1.6 -0.2 0.0 -0.7 0.1 -0.2 0.6 -0.5 -0.5 1.9 -0.7
Pools of securitized assets 9,10 1.6 7.7 -6.0 -6.0 -3.8 -4.8 -4.6 -4.0 -3.8 -2.8 -2.3 -0.5 -0.5
 
Memo
Student Loans 11 84.5 87.7 82.0 78.9 73.1 40.5 123.6 24.1 123.0 21.9 21.9 n.a. n.a.
Motor Vehicle Loans 12 80.5 75.6 37.1 39.9 43.3 33.5 27.3 47.5 73.2 25.3 25.3 n.a. n.a.

*This release is generally issued on the fifth business day of each month. See the Statistical Release Schedule for more information.

Footnotes

  1. Covers most 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 motor vehicle 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. Flow data represent changes in the level of credit due to economic and financial activity, and exclude breaks in the data series due to changes in methodology, source data, and other technical aspects of the estimation that could affect the level of credit.
  5. 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).
  6. Covers most of the captive and non-captive finance companies. The series of finance company new car loan terms included in previous releases are discontinued. They remain available from the Data Download Program.
  7. Includes student loans originated by the Department of Education under the Federal Direct Loan Program and the Perkins Loan Program, as well as Federal Family Education Program loans that the government purchased under the Ensuring Continued Access to Student Loans Act.
  8. Includes student loans originated under the Federal Family Education Loan Program and held by educational institutions and nonprofit organizations.
  9. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators.
  10. 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.
  11. Includes student loans originated under the Federal Family Education Loan Program and the Direct Loan Program; Perkins loans; and private student loans without government guarantees. This memo item includes loan balances that are not included in the nonrevolving credit balances. For additional information, see public documentation. Data for this memo item are released for each quarter-end month.
  12. Includes motor vehicle loans owned and securitized by depository institutions, finance companies, credit unions, and nonfinancial business. Includes loans for passenger cars and other vehicles such as minivans, vans, sport-utility vehicles, pickup trucks, and similar light trucks for personal use. Loans for boats, motorcycles and recreational vehicles are not included. Data for this memo item are released for each quarter-end month.

r=revised. p=preliminary. n.a.=not available. ...=not applicable.

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Last Update: April 07, 2020