G.19                                                          CONSUMER CREDIT                            For release at 3 p.m.(Eastern Time)
  1                                                               August 1996                                                  October 7, 1996

  Total consumer credit outstanding grew at a 3.5 percent seasonally adjusted annual rate in August, the slowest pace since May 1993.
  Growth of revolving credit moderated appreciably, while that of "other" credit increased.  Auto credit outstanding was unchanged.

  CONSUMER CREDIT OUTSTANDING 1
  Seasonally adjusted
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                                                        1995                                                1996
                                       _______________________________________ _______________________________________________________________

                                          Aug.   Sept.    Oct.    Nov.    Dec.    Jan.    Feb.    Mar.  Apr. r   May r  June r  July r  Aug. p
                                       ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
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  Percent change at annual rate 2
       Total                              14.3    16.8     8.9    12.9     9.8    10.9    12.2    11.8     7.9     6.2     7.0     7.6     3.5
         Automobile                        8.3     6.4    10.8    10.8    12.5     5.7     8.9     8.8     7.8     2.6    17.2     6.7     0.5
         Revolving                        24.6    29.1    15.2     8.4    19.2    14.7    19.2    15.8    17.8    14.8     3.6    15.2     7.5
         Other 3                           8.3    12.9    -0.6    20.5    -4.2    11.7     7.2     9.8    -4.2    -0.9     0.6    -1.3     1.3

  Amount: billions of dollars
       Total                           1,059.9 1,074.7 1,082.7 1,094.4 1,103.3 1,113.4 1,124.7 1,135.7 1,143.3 1,149.2 1,155.9 1,163.2 1,166.5 
         Automobile                      339.2   341.0   344.1   347.2   350.8   352.5   355.1   357.8   360.1   360.9   366.1   368.1   368.3
         Revolving                       390.1   399.5   404.6   407.4   413.9   419.0   425.7   431.2   437.6   443.1   444.4   450.0   452.8
         Other 3                         330.6   334.2   334.0   339.7   338.6   341.9   343.9   346.7   345.5   345.3   345.4   345.1   345.5
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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                   9.44    n.a.    n.a.    9.36    n.a.    n.a.    9.12    n.a.    n.a.    8.93    n.a.    n.a.    9.11
         24-mo. personal                 13.84    n.a.    n.a.   13.80    n.a.    n.a.   13.63    n.a.    n.a.   13.52    n.a.    n.a.   13.37
         Credit card plan
           All accounts                  15.98    n.a.    n.a.   15.81    n.a.    n.a.   15.82    n.a.    n.a.   15.44    n.a.    n.a.   15.65
           Accounts assessed interest    15.94    n.a.    n.a.   15.71    n.a.    n.a.   15.41    n.a.    n.a.   15.41    n.a.    n.a.   15.64

  New car loans at auto finance companies
       Interest rates                    10.85   10.75   10.89   10.84   10.52    9.74    9.86    9.77    9.64    9.37    9.53    9.81   10.49
       Maturity (months)                  53.5    53.4    54.6    54.5    53.6    51.8    52.3    51.8    51.5    50.8    50.4    50.5    51.4
       Loan-to-value ratio                  92      92      92      92      92      92      91      91      91      91      91      91      92
       Amount financed (dollars)        16,056  16,402  16,430  16,583  17,034  16,698  16,627  16,520  16,605  16,686  16,854  16,926  16,927
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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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                                                       1995                                                1996
                                      _______________________________________ _______________________________________________________________

                                         Aug.   Sept.    Oct.    Nov.    Dec.    Jan.    Feb.    Mar.  Apr. r   May r  June r  July r  Aug. p
                                      ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
    -----------------------------------------------------------------------------------------------------------------------------------------

    Total                             1,057.2 1,078.2 1,084.1 1,101.4 1,131.9 1,123.7 1,121.8 1,125.4 1,132.5 1,139.4 1,148.7 1,153.5 1,163.4

    Major holders
    Commercial banks                    490.4   492.4   491.8   496.0   507.8   502.2   500.3   500.9   506.6   505.2   507.7   511.2   516.8
    Finance companies                   145.5   146.2   148.7   147.1   152.6   152.6   154.4   151.7   153.3   155.9   155.9   156.4   155.5
    Credit unions                       128.7   129.2   130.3   130.9   131.9   131.3   130.8   130.8   131.8   133.4   134.6   136.7   138.6
    Savings institutions                 39.3    39.7    40.1    40.5    40.1    40.2    40.4    40.8    41.0    41.0    40.3    40.3    40.0
    Nonfinancial business                78.6    78.3    78.8    77.9    85.1    80.7    78.1    76.7    73.8    74.7    72.1    71.2    72.2
    Pools of securitized assets 5       174.8   192.4   194.5   208.9   214.4   216.6   217.7   224.4   226.0   229.3   238.2   237.6   240.2

    Major types of credit 6
    Automobile                          340.5   344.1   348.1   351.0   354.1   352.0   352.9   354.1   355.6   358.2   364.6   367.0   369.7
       Commercial banks                 147.2   146.9   150.1   148.0   149.1   148.2   147.7   148.5   150.1   150.5   152.9   154.6   156.3
       Finance companies                 68.3    68.9    70.8    68.2    70.6    71.4    73.3    72.1    73.8    74.3    74.3    75.1    74.4
       Pools of securitized assets 5     36.9    39.1    37.2    44.7    44.4    42.4    41.6    42.8    40.5    41.0    44.5    42.8    43.3

    Revolving                           387.5   399.3   404.0   410.5   435.7   426.0   424.5   425.9   430.9   437.2   439.5   443.7   449.9
       Commercial banks                 195.4   195.0   195.9   197.1   210.3   200.1   198.9   196.8   201.1   203.4   204.0   207.9   211.0
       Nonfinancial business             49.8    49.6    50.0    48.5    53.5    50.5    48.6    47.4    44.5    45.2    42.6    41.7    42.5
       Pools of securitized assets 5    120.3   132.8   135.7   141.9   147.9   151.6   153.4   157.9   161.4   164.5   168.8   169.7   171.8

    Other                               329.2   334.8   332.1   339.8   342.2   345.7   344.4   345.5   345.9   344.1   344.6   342.9   343.8
       Commercial banks                 147.7   150.5   145.7   150.9   148.4   153.9   153.7   155.6   155.4   151.3   150.7   148.7   149.5
       Finance companies                 77.3    77.3    77.9    78.9    82.0    81.2    81.1    79.6    79.5    81.6    81.6    81.3    81.0
       Nonfinancial business             28.7    28.7    28.8    29.4    31.5    30.2    29.5    29.3    29.2    29.5    29.5    29.5    29.7
       Pools of securitized assets 5     17.5    20.4    21.5    22.3    22.1    22.6    22.7    23.7    24.1    23.8    24.8    25.1    25.0
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    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 mobile home loans and all other loans not included in automobile or revolving credit, such as loans for 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). 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.