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

Release Date: September 8, 2006
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G.19                                                        CONSUMER CREDIT                        For release at 3 p.m. (Eastern Time)
1                                                              July 2006                                              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
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                                                                                 2005                            2006
                                                                        _______________________ _______________________________________

                                2001 r  2002 r  2003 r  2004 r  2005 r   Q2 r    Q3 r    Q4 r    Q1 r    Q2 r    May r   Jun r   Jul p
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Percent change at annual rate 4
  Total                            9.0     5.8     5.3     5.4     4.0     4.8     4.4     1.9     2.6     6.6     8.2     7.3     2.8
   Revolving                       5.9     2.7     2.9     4.2     2.8     3.8     3.3     4.0    -0.7    10.2    13.0    13.2     3.4
   Nonrevolving 5                 11.0     7.7     6.8     6.1     4.6     5.4     5.0     0.8     4.4     4.7     5.5     4.0     2.5

Amount: billions of dollars
  Total                         1876.9  1984.9  2090.2  2203.3  2291.3  2255.5  2280.2  2291.3  2306.0  2344.3  2330.2  2344.3  2349.9
   Revolving                     723.2   742.8   764.2   796.4   819.1   804.2   811.0   819.1   817.6   838.4   829.3   838.4   840.8
   Nonrevolving 5               1153.8  1242.1  1326.1  1406.9  1472.2  1451.2  1469.3  1472.2  1488.4  1505.9  1500.9  1505.9  1509.1
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TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 6
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                 8.50    7.62    6.93    6.60    7.08    6.93    7.08    7.43    7.39    7.53    7.53     n.a.    n.a.
   24-mo. personal               13.22   12.54   11.95   11.89   12.05   12.03   12.22   11.95   12.18   12.63   12.63     n.a.    n.a.
        Credit card plan
    All accounts                 14.87   13.40   12.30   12.71   12.51   12.76   12.48   12.58   13.30   13.14   13.14     n.a.    n.a.
    Accounts assessed interest   14.46   13.11   12.73   13.21   14.54   14.81   14.75   14.49   14.38   14.77   14.77     n.a.    n.a.

New car loans at auto finance companies
  Interest rates                  5.65    4.29    3.40    4.36    5.46    5.18    5.80    5.97    5.34    5.62    5.96    5.30    5.37
  Maturity (months)               55.1    56.8    61.4    60.5    60.0    59.5    60.2    61.1    61.8    61.0    61.0    61.2    61.1
  Loan-to-value ratio               91      94      95      89      88      88      88      89      90      90      91      89      88
  Amount financed (dollars)     22,822  24,747  26,295  24,888  24,133  23,477  24,575  24,363  24,926  25,300  24,788  26,126  26,059

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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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                                                                                       2005                            2006
                                                                              _______________________ _______________________________________

                                      2001 r  2002 r  2003 r  2004 r  2005 r   Q2 r    Q3 r    Q4 r    Q1 r    Q2 r    May r   Jun r   Jul p
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Total                                 1904.9  2012.9  2118.4  2233.0  2322.0  2239.2  2286.6  2322.0  2293.3  2327.4  2316.4  2327.4  2332.4

Major holders
Total                                 1904.9  2012.9  2118.4  2233.0  2322.0  2239.2  2286.6  2322.0  2293.3  2327.4  2316.4  2327.4  2332.4
Commercial banks                       568.4   602.6   669.4   704.3   707.0   684.0   708.2   707.0   697.6   694.8   713.2   694.8   697.6
Finance companies                      280.0   307.5   393.0   492.3   516.5   495.1   508.4   516.5   499.6   506.8   498.7   506.8   510.8
Credit unions                          189.6   195.7   205.9   215.4   228.6   221.3   229.5   228.6   228.8   235.1   233.0   235.1   236.5
Federal government and Sallie Mae      119.5   129.6   114.7    98.4   102.1    98.6   103.9   102.1   104.5   102.6   104.1   102.6   101.6
Savings institutions                    71.1    68.7    77.9    91.3   109.1    94.0    99.4   109.1   100.1   103.9   102.6   103.9   103.3
Nonfinancial business                   75.6    77.5    63.3    64.7    62.2    60.9    62.0    62.2    58.4    56.5    56.6    56.5    55.6
Pools of securitized assets 7          600.7   631.2   594.2   566.7   596.5   585.3   575.2   596.5   604.4   627.7   608.2   627.7   627.1

Major types of credit 8
Revolving                              742.9   762.9   784.8   818.7   842.1   799.9   809.6   842.1   808.3   833.9   824.3   833.9   835.4
   Commercial banks                    234.9   246.4   285.0   314.6   311.2   293.7   300.6   311.2   281.2   291.1   293.0   291.1   295.4
   Finance companies                    34.8    44.4    45.3    50.4    66.3    55.5    57.7    66.3    63.7    69.5    67.5    69.5    69.6
   Credit unions                        22.3    22.2    22.4    23.2    24.7    22.8    23.2    24.7    23.1    24.3    23.9    24.3    24.7
   Federal government and Sallie Mae     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                 17.9    16.3    23.8    27.9    40.8    28.2    29.9    40.8    39.7    41.4    40.8    41.4    40.6
   Nonfinancial business                37.4    39.8    19.4    17.9    14.4    17.3    18.2    14.4    13.7    11.5    11.5    11.5    10.5
   Pools of securitized assets 7       395.6   393.7   388.9   384.6   384.7   382.4   380.1   384.7   386.9   396.1   387.6   396.1   394.5

Nonrevolving                          1161.9  1250.0  1333.6  1414.4  1480.0  1439.3  1476.9  1480.0  1485.0  1493.6  1492.1  1493.6  1497.0
   Commercial banks                    333.5   356.2   384.4   389.6   395.8   390.2   407.7   395.8   416.3   403.7   420.2   403.7   402.2
   Finance companies                   245.1   263.1   347.8   442.0   450.2   439.6   450.7   450.2   435.8   437.3   431.2   437.3   441.1
   Credit unions                       167.3   173.5   183.5   192.1   203.9   198.5   206.3   203.9   205.7   210.8   209.1   210.8   211.8
   Federal government and Sallie Mae   119.5   129.6   114.7    98.4   102.1    98.6   103.9   102.1   104.5   102.6   104.1   102.6   101.6
   Savings institutions                 53.2    52.4    54.0    63.4    68.3    65.8    69.5    68.3    60.4    62.5    61.8    62.5    62.6
   Nonfinancial business                38.2    37.7    44.0    46.8    47.8    43.7    43.8    47.8    44.6    45.0    45.1    45.0    45.1
   Pools of securitized assets 7       205.1   237.5   205.4   182.1   211.8   203.0   195.0   211.8   217.6   231.6   220.6   231.6   232.6

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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