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Release Date: August 7, 1997
Release dates | Historical data
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Consumer credit data have been revised to incorporate the updating of seasonal factors and the benchmarking of the finance
company components to the June 1996 Survey of Finance Companies.
In addition to the usual benchmark revisions, the revolving credit category has been expanded to include the revolving
credit held by finance companies, and the "other" category has been reduced by the same amount. Previously, revolving credit
was not reported by finance companies separately but was carried as part of "other" consumer credit. Thus, this change does
not affect total consumer credit.
This release includes revised data from the beginning of 1990. A diskette containing complete historical data for all
series shown in this release is available from the Federal Reserve Board's Publications Section, Mail Stop 127, Board of
Governors of the Federal Reserve System, Washington, DC, 20551, (202) 452 - 3245.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 June 1997 August 7, 1997
The amount of consumer credit outstanding in June was unchanged from that in May. Revolving credit grew a bit more rapidly than in
May, while the level of motor vehicle credit was unchanged and that of "other" credit declined in June. Data in this release have
been revised from January 1990 to date.
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
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1996 1997
_______________________________________________________ _______________________________________________
June r July r Aug. r Sept. r Oct. r Nov. r Dec. r Jan. r Feb. r Mar. r Apr. r May r June p
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 7.2 12.7 7.3 2.4 5.8 4.3 0.2 11.3 7.7 2.7 8.9 2.5 0.0
Automobile 14.4 13.1 1.5 2.2 4.9 -0.1 5.6 1.0 0.5 -1.1 11.7 0.4 -0.2
Revolving 5.8 15.1 7.3 5.6 13.5 13.3 5.5 17.7 12.6 -2.7 6.8 4.1 5.8
Other 3 0.2 8.1 14.6 -2.6 -5.4 -4.9 -15.4 14.2 8.9 16.7 8.8 2.5 -9.5
Amount: billions of dollars
Total 1,152.4 1,164.5 1,171.6 1,173.9 1,179.6 1,183.8 1,184.0 1,195.2 1,202.9 1,205.6 1,214.5 1,217.0 1,217.0
Automobile 381.6 385.7 386.2 386.9 388.5 388.5 390.3 390.6 390.8 390.4 394.3 394.4 394.3
Revolving 473.6 479.6 482.5 484.8 490.3 495.7 498.0 505.3 510.6 509.5 512.4 514.1 516.6
Other 3 297.2 299.2 302.8 302.2 300.8 299.6 295.7 299.2 301.4 305.6 307.9 308.5 306.1
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TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
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Commercial banks
Interest rates
48-mo. new car n.a. n.a. 9.11 n.a. n.a. 9.03 n.a. n.a. 8.92 n.a. n.a. 9.20 n.a.
24-mo. personal n.a. n.a. 13.37 n.a. n.a. 13.62 n.a. n.a. 13.46 n.a. n.a. 13.81 n.a.
Credit card plan
All accounts n.a. n.a. 15.65 n.a. n.a. 15.62 n.a. n.a. 15.88 n.a. n.a. 15.75 n.a.
Accounts assessed interest n.a. n.a. 15.64 n.a. n.a. 15.52 n.a. n.a. 15.13 n.a. n.a. 15.72 n.a.
New car loans at auto finance companies
Interest rates 9.53 9.81 10.49 10.52 10.40 10.31 8.60 7.17 7.44 8.08 8.56 7.80 7.64
Maturity (months) 50.4 50.5 51.4 51.9 52.5 52.3 52.3 55.1 54.6 53.5 52.8 53.2 53.3
Loan-to-value ratio 91 91 92 91 89 90 90 92 92 90 91 93 93
Amount financed (dollars) 16,854 16,926 16,927 17,182 17,435 17,719 17,670 17,090 16,837 17,198 17,620 18,060 18,171
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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
---------------------------------------------------------------------------------------------------------------------------------------
1996 1997
_______________________________________________________ _______________________________________________
June r July r Aug. r Sept. r Oct. r Nov. r Dec. r Jan. r Feb. r Mar. r Apr. r May r June p
---------------------------------------------------------------------------------------------------------------------------------------
Total 1,146.9 1,157.6 1,171.6 1,177.3 1,180.2 1,190.3 1,214.9 1,204.8 1,197.2 1,194.0 1,202.6 1,206.9 1,211.4
Major holders
Commercial banks 505.7 510.2 516.7 517.1 521.3 523.0 529.4 525.7 518.6 511.6 516.6 518.0 515.8
Finance companies 153.9 155.8 154.7 154.6 151.4 151.0 152.4 153.5 153.3 153.0 151.9 154.2 156.5
Credit unions 136.1 137.9 140.0 140.9 143.0 143.3 144.1 144.4 143.8 144.4 146.3 147.6 148.7
Savings institutions 42.1 43.0 44.0 44.9 44.9 44.8 44.7 45.1 45.5 45.9 46.2 46.6 47.0
Nonfinancial business 72.0 69.9 71.0 68.5 68.0 69.8 77.7 73.6 70.6 70.0 69.3 67.7 68.0
Pools of securitized assets 5 237.2 240.8 245.3 251.2 251.7 258.4 266.5 262.5 265.4 269.2 272.2 272.8 275.4
Major types of credit 6
Automobile 380.7 385.6 388.4 390.4 392.7 392.1 393.2 389.5 387.5 386.7 389.8 391.3 393.4
Commercial banks 152.9 153.9 154.5 153.1 154.8 154.8 154.0 153.0 151.8 150.5 150.9 151.2 149.0
Finance companies 86.3 88.0 87.2 88.7 88.0 87.6 86.7 86.8 87.1 85.8 83.2 85.1 87.0
Pools of securitized assets 5 46.8 47.8 48.8 49.5 49.2 49.3 52.4 49.5 48.2 49.3 53.5 51.5 52.7
Revolving 470.3 474.7 480.7 483.3 487.5 497.8 522.9 513.4 508.6 502.9 504.9 509.2 513.4
Commercial banks 204.0 207.3 209.8 211.2 215.0 217.9 228.6 223.2 215.8 207.3 209.0 212.8 215.3
Finance companies 29.8 30.0 29.2 29.4 29.6 29.9 32.5 32.3 32.2 33.2 34.3 34.4 34.1
Nonfinancial business 42.6 40.5 41.3 38.8 38.1 39.3 44.9 41.9 39.8 39.4 39.0 37.1 37.3
Pools of securitized assets 5 169.2 171.6 174.6 178.0 178.6 184.0 188.7 187.9 192.3 194.5 193.8 195.8 196.9
Other 295.8 297.3 302.6 303.5 299.9 300.4 298.8 301.9 301.1 304.4 307.9 306.4 304.6
Commercial banks 148.7 149.1 152.5 152.8 151.4 150.2 146.8 149.6 151.0 153.9 156.7 154.0 151.4
Finance companies 37.8 37.9 38.3 36.5 33.8 33.6 33.2 34.4 34.0 34.0 34.3 34.7 35.3
Nonfinancial business 29.4 29.4 29.7 29.7 29.8 30.5 32.8 31.7 30.8 30.5 30.4 30.7 30.8
Pools of securitized assets 5 21.2 21.4 21.8 23.7 23.9 25.1 25.4 25.1 24.9 25.3 24.9 25.5 25.8
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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.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 1996 August 7, 1997
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
1995 1996
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 7.6 9.0 12.7 11.1 9.3 6.0 7.2 12.7 7.3 2.4 5.8 4.3 0.2
Automobile 9.1 7.0 10.2 12.1 9.5 9.9 14.4 13.1 1.5 2.2 4.9 -0.1 5.6
Revolving 13.8 14.5 21.4 15.3 16.1 10.7 5.8 15.1 7.3 5.6 13.5 13.3 5.5
Other 3 -3.1 3.1 2.8 3.2 -1.6 -6.1 0.2 8.1 14.6 -2.6 -5.4 -4.9 -15.4
Amount: billions of dollars
Total 1,100.7 1,109.0 1,120.7 1,131.0 1,139.8 1,145.5 1,152.4 1,164.5 1,171.6 1,173.9 1,179.6 1,183.8 1,184.0
Automobile 362.1 364.2 367.3 371.0 374.0 377.0 381.6 385.7 386.2 386.9 388.5 388.5 390.3
Revolving 441.9 447.2 455.2 461.0 467.2 471.4 473.6 479.6 482.5 484.8 490.3 495.7 498.0
Other 3 296.8 297.5 298.2 299.0 298.6 297.1 297.2 299.2 302.8 302.2 300.8 299.6 295.7
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TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 9.12 n.a. n.a. 8.93 n.a. n.a. 9.11 n.a. n.a. 9.03 n.a.
24-mo. personal n.a. n.a. 13.63 n.a. n.a. 13.52 n.a. n.a. 13.37 n.a. n.a. 13.62 n.a.
Credit card plan
All accounts n.a. n.a. 15.82 n.a. n.a. 15.44 n.a. n.a. 15.65 n.a. n.a. 15.62 n.a.
Accounts assessed interest n.a. n.a. 15.41 n.a. n.a. 15.41 n.a. n.a. 15.64 n.a. n.a. 15.52 n.a.
New car loans at auto finance companies
Interest rates 10.52 9.74 9.86 9.77 9.64 9.37 9.53 9.81 10.49 10.52 10.40 10.31 8.60
Maturity (months) 53.6 51.8 52.3 51.8 51.5 50.8 50.4 50.5 51.4 51.9 52.5 52.3 52.3
Loan-to-value ratio 92 92 91 91 91 91 91 91 92 91 89 90 90
Amount financed (dollars) 17,034 16,698 16,627 16,520 16,605 16,686 16,854 16,926 16,927 17,182 17,435 17,719 17,670
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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
---------------------------------------------------------------------------------------------------------------------------------------
1995 1996
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Total 1,128.6 1,117.9 1,115.8 1,120.5 1,129.0 1,135.9 1,146.9 1,157.6 1,171.6 1,177.3 1,180.2 1,190.3 1,214.9
Major holders
Commercial banks 507.8 499.4 497.2 497.7 503.9 502.3 505.7 510.2 516.7 517.1 521.3 523.0 529.4
Finance companies 152.1 152.1 153.9 152.5 154.3 156.1 153.9 155.8 154.7 154.6 151.4 151.0 152.4
Credit unions 131.9 131.5 131.2 131.5 132.8 134.6 136.1 137.9 140.0 140.9 143.0 143.3 144.1
Savings institutions 40.1 40.2 40.4 40.7 41.1 41.6 42.1 43.0 44.0 44.9 44.9 44.8 44.7
Nonfinancial business 85.1 80.7 78.1 76.7 73.7 74.1 72.0 69.9 71.0 68.5 68.0 69.8 77.7
Pools of securitized assets 5 211.6 213.9 215.0 221.4 223.0 227.2 237.2 240.8 245.3 251.2 251.7 258.4 266.5
Major types of credit 6
Automobile 364.7 363.1 364.3 367.6 369.9 374.1 380.7 385.6 388.4 390.4 392.7 392.1 393.2
Commercial banks 149.1 148.2 147.7 148.5 150.1 150.5 152.9 153.9 154.5 153.1 154.8 154.8 154.0
Finance companies 81.1 82.0 84.1 84.3 86.5 87.4 86.3 88.0 87.2 88.7 88.0 87.6 86.7
Pools of securitized assets 5 44.6 42.6 41.8 43.5 41.2 42.6 46.8 47.8 48.8 49.5 49.2 49.3 52.4
Revolving 464.1 454.7 453.5 455.1 460.5 466.6 470.3 474.7 480.7 483.3 487.5 497.8 522.9
Commercial banks 210.3 200.1 198.9 196.8 201.1 203.4 204.0 207.3 209.8 211.2 215.0 217.9 228.6
Finance companies 28.5 28.7 28.9 29.1 29.3 29.5 29.8 30.0 29.2 29.4 29.6 29.9 32.5
Nonfinancial business 53.5 50.5 48.6 47.4 44.5 44.7 42.6 40.5 41.3 38.8 38.1 39.3 44.9
Pools of securitized assets 5 147.9 151.6 153.4 157.9 161.4 164.5 169.2 171.6 174.6 178.0 178.6 184.0 188.7
Other 299.8 300.1 298.0 297.8 298.6 295.2 295.8 297.3 302.6 303.5 299.9 300.4 298.8
Commercial banks 148.4 151.2 150.6 152.4 152.7 148.4 148.7 149.1 152.5 152.8 151.4 150.2 146.8
Finance companies 42.6 41.4 40.9 39.1 38.6 39.1 37.8 37.9 38.3 36.5 33.8 33.6 33.2
Nonfinancial business 31.5 30.2 29.5 29.3 29.2 29.5 29.4 29.4 29.7 29.7 29.8 30.5 32.8
Pools of securitized assets 5 19.1 19.6 19.8 20.0 20.4 20.1 21.2 21.4 21.8 23.7 23.9 25.1 25.4
---------------------------------------------------------------------------------------------------------------------------------------
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.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 1995 August 7, 1997
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
1994 1995
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 13.6 15.3 8.4 17.8 13.5 14.8 13.6 11.0 13.8 19.2 9.3 15.1 7.6
Automobile 8.0 10.7 9.8 10.0 6.8 11.0 7.3 14.1 9.5 8.3 11.9 16.8 9.1
Revolving 5.5 24.4 22.9 23.4 12.8 22.5 20.7 11.0 24.3 33.3 16.5 7.1 13.8
Other 3 31.5 8.9 -12.8 19.5 22.5 8.7 11.2 7.0 3.9 12.1 -4.5 25.0 -3.1
Amount: billions of dollars
Total 964.6 976.9 983.7 998.3 1,009.5 1,022.0 1,033.6 1,043.0 1,055.0 1,071.9 1,080.2 1,093.7 1,100.7
Automobile 326.4 329.3 331.9 334.7 336.6 339.7 341.8 345.8 348.5 350.9 354.4 359.4 362.1
Revolving 364.6 372.0 379.1 386.5 390.6 398.0 404.9 408.6 416.8 428.4 434.3 436.9 441.9
Other 3 273.6 275.6 272.7 277.1 282.3 284.3 287.0 288.7 289.6 292.5 291.5 297.5 296.8
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TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 9.70 n.a. n.a. 9.78 n.a. n.a. 9.44 n.a. n.a. 9.36 n.a.
24-mo. personal n.a. n.a. 14.10 n.a. n.a. 14.03 n.a. n.a. 13.84 n.a. n.a. 13.80 n.a.
Credit card plan
All accounts n.a. n.a. 16.14 n.a. n.a. 16.15 n.a. n.a. 15.98 n.a. n.a. 15.81 n.a.
Accounts assessed interest n.a. n.a. 15.27 n.a. n.a. 16.23 n.a. n.a. 15.94 n.a. n.a. 15.71 n.a.
New car loans at auto finance companies
Interest rates 10.72 11.35 11.89 11.95 11.74 11.43 11.08 11.01 10.85 10.75 10.89 10.84 10.52
Maturity (months) 53.9 53.9 54.1 54.5 54.6 54.4 53.9 54.1 53.5 53.4 54.6 54.5 53.6
Loan-to-value ratio 92 92 92 92 92 92 92 92 92 92 92 92 92
Amount financed (dollars) 16,187 16,068 15,774 15,826 16,029 16,155 16,083 16,086 16,056 16,402 16,430 16,583 17,034
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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
---------------------------------------------------------------------------------------------------------------------------------------
1994 1995
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Total 988.1 984.6 979.6 989.5 1,000.4 1,013.6 1,028.5 1,036.6 1,054.9 1,074.9 1,080.7 1,099.7 1,128.6
Major holders
Commercial banks 462.9 460.9 459.3 463.0 470.1 473.9 476.3 480.5 490.4 492.4 491.8 496.0 507.8
Finance companies 134.4 137.1 134.3 135.4 137.4 139.2 141.3 141.7 145.1 145.7 148.2 148.3 152.1
Credit unions 119.6 119.6 119.7 120.6 121.4 122.8 125.7 126.8 128.7 129.2 130.3 130.9 131.9
Savings institutions 38.5 38.2 37.8 37.5 37.8 38.2 38.5 38.9 39.3 39.7 40.1 40.5 40.1
Nonfinancial business 86.6 82.8 80.2 79.7 79.1 80.0 80.5 80.0 78.6 78.3 78.8 77.9 85.1
Pools of securitized assets 5 146.1 146.1 148.2 153.3 154.6 159.6 166.2 168.7 173.0 189.6 191.6 206.0 211.6
Major types of credit 6
Automobile 328.6 328.2 329.4 331.9 333.2 337.2 341.0 345.4 350.3 354.1 358.2 362.6 364.7
Commercial banks 141.9 141.5 141.6 141.6 141.4 141.7 143.0 145.5 147.2 146.9 150.1 148.0 149.1
Finance companies 70.2 71.0 69.9 70.3 71.6 73.0 74.7 75.5 78.1 78.8 80.9 79.7 81.1
Pools of securitized assets 5 36.7 35.0 36.1 37.0 36.0 36.7 37.1 37.4 37.0 39.2 37.3 44.7 44.6
Revolving 383.2 378.4 377.8 381.6 385.1 393.8 401.8 404.3 415.1 427.1 432.0 438.7 464.1
Commercial banks 182.0 178.7 179.0 180.9 182.1 185.9 187.3 187.4 195.4 195.0 195.9 197.1 210.3
Finance companies 25.9 26.1 26.3 26.5 26.7 27.0 27.2 27.4 27.6 27.8 28.0 28.2 28.5
Nonfinancial business 56.8 53.8 52.0 51.6 50.9 51.7 52.1 51.7 49.8 49.6 50.0 48.5 53.5
Pools of securitized assets 5 96.1 97.5 98.3 102.3 104.8 108.4 114.1 116.5 120.3 132.8 135.7 141.9 147.9
Other 276.3 278.0 272.5 276.0 282.2 282.5 285.8 287.0 289.5 293.7 290.5 298.3 299.8
Commercial banks 139.0 140.8 138.7 140.5 146.6 146.3 146.0 147.7 147.7 150.5 145.7 150.9 148.4
Finance companies 38.4 39.9 38.1 38.6 39.0 39.2 39.5 38.8 39.4 39.1 39.2 40.3 42.6
Nonfinancial business 29.8 28.9 28.2 28.1 28.1 28.3 28.4 28.4 28.7 28.7 28.8 29.4 31.5
Pools of securitized assets 5 13.2 13.5 13.8 14.0 13.8 14.5 15.0 14.8 15.7 17.6 18.6 19.4 19.1
---------------------------------------------------------------------------------------------------------------------------------------
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.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 1994 August 7, 1997
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
1993 1994
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 13.3 8.8 10.2 14.4 14.2 14.6 14.4 9.5 17.6 16.0 16.4 12.9 13.6
Automobile 8.0 10.5 6.7 16.7 17.5 17.2 16.6 3.5 17.0 20.0 7.0 14.0 8.0
Revolving 8.8 13.6 13.5 16.7 19.6 12.2 18.4 19.9 26.5 9.2 12.7 32.4 5.5
Other 3 25.4 0.8 10.1 9.0 3.3 14.7 6.6 3.3 6.8 20.4 32.8 -14.0 31.5
Amount: billions of dollars
Total 842.9 849.1 856.3 866.6 876.8 887.5 898.2 905.3 918.6 930.9 943.6 953.8 964.6
Automobile 287.1 289.7 291.3 295.3 299.6 303.9 308.1 309.0 313.4 318.6 320.5 324.2 326.4
Revolving 309.1 312.6 316.1 320.5 325.7 329.0 334.0 339.6 347.1 349.7 353.4 363.0 364.6
Other 3 246.7 246.9 249.0 250.8 251.5 254.6 256.0 256.7 258.2 262.6 269.7 266.6 273.6
---------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 7.54 n.a. n.a. 7.76 n.a. n.a. 8.41 n.a. n.a. 8.75 n.a.
24-mo. personal n.a. n.a. 12.89 n.a. n.a. 12.96 n.a. n.a. 13.33 n.a. n.a. 13.59 n.a.
Credit card plan
All accounts n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 15.69 n.a.
Accounts assessed interest n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 15.77 n.a.
New car loans at auto finance companies
Interest rates 8.80 7.55 8.93 9.13 9.71 9.92 9.96 10.17 10.32 10.13 10.39 10.53 10.72
Maturity (months) 54.0 52.9 54.4 54.0 53.8 53.5 53.3 53.9 54.2 54.3 54.9 54.6 53.9
Loan-to-value ratio 90 91 91 92 92 93 94 93 93 93 92 93 92
Amount financed (dollars) 15,097 15,330 14,904 14,821 15,067 15,194 15,180 15,319 15,283 15,419 15,827 15,971 16,187
---------------------------------------------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------------------------------
1993 1994
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Total 863.0 855.8 853.0 859.3 869.3 880.3 893.5 899.7 918.6 933.6 944.3 958.8 988.1
Major holders
Commercial banks 399.7 398.6 398.4 401.1 408.4 411.7 417.4 423.9 432.7 438.2 443.0 449.0 462.9
Finance companies 116.1 117.2 117.7 119.8 122.5 121.8 124.0 122.8 124.8 130.0 131.2 132.5 134.4
Credit unions 101.6 100.2 100.3 101.6 102.7 105.7 108.2 109.7 112.9 114.3 116.0 117.5 119.6
Savings institutions 37.9 37.6 37.4 37.1 37.5 37.8 38.1 38.1 38.0 38.4 38.1 38.3 38.5
Nonfinancial business 77.2 74.1 71.8 71.7 72.2 73.0 73.3 73.9 75.0 74.7 75.0 78.1 86.6
Pools of securitized assets 5 130.5 128.1 127.5 128.0 126.0 130.2 132.6 131.3 135.2 137.9 141.0 143.3 146.1
Major types of credit 6
Automobile 288.9 288.8 289.3 293.2 296.9 301.9 307.3 308.4 314.9 321.5 323.8 326.9 328.6
Commercial banks 122.0 122.4 122.2 124.2 126.9 129.4 132.0 134.4 137.5 138.8 140.3 141.6 141.9
Finance companies 62.7 64.3 65.2 66.1 67.9 66.8 67.4 65.9 66.5 68.6 69.0 69.8 70.2
Pools of securitized assets 5 40.2 38.0 37.4 37.3 35.4 36.7 36.7 35.7 35.8 37.4 36.6 36.5 36.7
Revolving 325.0 318.1 315.0 316.4 321.0 325.4 331.2 335.9 345.6 348.6 351.5 364.5 383.2
Commercial banks 149.9 146.2 144.9 146.5 150.2 151.0 154.2 158.2 162.9 166.3 164.8 172.3 182.0
Finance companies 23.3 23.5 23.7 23.9 24.2 24.4 24.6 24.8 25.0 25.2 25.5 25.7 25.9
Nonfinancial business 50.1 47.9 46.3 46.1 46.6 47.2 47.4 47.9 48.6 48.2 48.3 50.6 56.8
Pools of securitized assets 5 79.8 79.3 79.5 79.7 79.8 82.2 84.3 84.2 88.1 87.8 91.5 94.1 96.1
Other 249.1 248.9 248.8 249.7 251.3 253.0 255.0 255.3 258.1 263.5 268.9 267.3 276.3
Commercial banks 127.8 130.0 131.3 130.4 131.3 131.4 131.3 131.2 132.4 133.1 137.8 135.1 139.0
Finance companies 30.1 29.4 28.8 29.7 30.4 30.6 32.0 32.2 33.3 36.2 36.7 37.0 38.4
Nonfinancial business 27.1 26.2 25.6 25.6 25.6 25.8 25.9 26.0 26.4 26.5 26.7 27.5 29.8
Pools of securitized assets 5 10.5 10.8 10.6 11.1 10.7 11.3 11.6 11.4 11.2 12.7 12.9 12.7 13.2
---------------------------------------------------------------------------------------------------------------------------------------
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.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 1993 August 7, 1997
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
1992 1993
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 2.6 9.0 7.1 -0.8 9.5 -1.0 5.3 8.7 6.6 9.3 12.1 10.1 13.3
Automobile 9.6 1.9 14.5 2.9 6.1 8.0 10.4 9.9 10.1 8.1 21.0 7.0 8.0
Revolving 8.7 15.3 12.5 6.1 9.1 3.5 4.4 18.6 7.3 14.2 11.8 18.4 8.8
Other 3 -11.8 9.5 -6.8 -12.9 13.7 -16.3 0.5 -4.6 1.6 4.7 2.3 3.2 25.4
Amount: billions of dollars
Total 782.8 788.7 793.4 792.8 799.1 798.4 801.9 807.7 812.1 818.5 826.7 833.7 842.9
Automobile 262.6 263.0 266.1 266.8 268.1 269.9 272.3 274.5 276.8 278.7 283.6 285.2 287.1
Revolving 277.5 281.0 284.0 285.4 287.6 288.4 289.5 294.0 295.7 299.2 302.2 306.8 309.1
Other 3 242.7 244.7 243.3 240.6 243.4 240.1 240.2 239.3 239.6 240.5 241.0 241.6 246.7
---------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 8.57 n.a. n.a. 8.17 n.a. n.a. 7.98 n.a. n.a. 7.63 n.a.
24-mo. personal n.a. n.a. 13.57 n.a. n.a. 13.63 n.a. n.a. 13.45 n.a. n.a. 13.22 n.a.
Credit card plan
All accounts 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.
Accounts assessed interest 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.
New car loans at auto finance companies
Interest rates 9.65 10.08 10.32 9.95 9.61 9.51 9.45 9.37 9.21 9.21 9.25 8.96 8.80
Maturity (months) 53.6 53.9 54.3 54.6 54.5 54.4 54.6 54.7 54.9 54.7 55.0 54.5 54.0
Loan-to-value ratio 90 90 91 90 90 91 91 91 91 91 90 91 90
Amount financed (dollars) 14,315 13,975 13,849 14,013 14,021 14,146 14,296 14,430 14,324 14,348 14,650 14,839 15,097
---------------------------------------------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------------------------------
1992 1993
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Total 801.0 795.1 790.6 786.4 792.7 791.9 797.6 802.7 812.2 820.9 827.2 837.7 863.0
Major holders
Commercial banks 365.5 365.3 363.2 362.7 366.3 369.2 370.9 375.4 379.3 383.6 385.8 391.7 399.7
Finance companies 118.1 116.8 113.4 112.4 112.9 108.3 110.3 111.9 110.7 110.7 111.3 113.4 116.1
Credit unions 89.4 90.9 91.8 91.4 93.5 94.3 95.4 96.1 98.1 98.9 99.3 100.1 101.6
Savings institutions 37.4 37.1 37.0 36.8 37.0 37.2 37.4 37.3 37.3 37.2 37.4 37.6 37.9
Nonfinancial business 70.3 66.9 64.2 63.4 63.8 64.4 64.6 65.1 66.1 66.6 67.5 69.9 77.2
Pools of securitized assets 5 120.3 118.1 121.0 119.8 119.2 118.7 119.1 116.9 120.7 123.8 125.9 125.0 130.5
Major types of credit 6
Automobile 263.8 262.3 264.5 265.1 266.1 268.3 271.4 273.8 278.1 281.2 286.4 287.3 288.9
Commercial banks 109.6 109.5 110.8 111.0 110.8 112.4 114.5 116.3 118.1 120.5 121.9 121.8 122.0
Finance companies 62.0 61.8 58.8 58.4 59.0 59.2 61.0 62.3 60.9 60.2 60.6 62.0 62.7
Pools of securitized assets 5 34.7 33.5 37.2 37.4 37.6 37.9 36.3 35.2 37.8 38.7 41.0 39.9 40.2
Revolving 292.0 286.2 283.1 281.8 283.5 285.1 286.9 290.8 294.6 298.3 300.5 308.1 325.0
Commercial banks 133.0 130.1 128.5 128.8 130.4 131.9 131.1 135.5 136.9 138.3 138.8 143.6 149.9
Finance companies 20.7 20.9 21.2 21.4 21.6 21.8 22.0 22.2 22.4 22.7 22.9 23.1 23.3
Nonfinancial business 44.5 42.0 40.0 39.4 39.8 40.3 40.5 41.0 41.8 42.3 43.1 44.9 50.1
Pools of securitized assets 5 74.6 73.8 73.9 72.7 71.7 70.8 72.5 71.5 72.8 74.6 74.8 75.2 79.8
Other 245.2 246.7 243.0 239.6 243.2 238.6 239.3 238.1 239.5 241.4 240.3 242.2 249.1
Commercial banks 122.9 125.7 123.9 122.8 125.0 125.0 125.3 123.5 124.4 124.8 125.1 126.3 127.8
Finance companies 35.3 34.1 33.4 32.7 32.3 27.3 27.3 27.4 27.4 27.9 27.9 28.3 30.1
Nonfinancial business 25.8 24.9 24.2 23.9 23.9 24.1 24.0 24.1 24.3 24.3 24.4 25.1 27.1
Pools of securitized assets 5 10.9 10.8 9.9 9.7 9.9 10.0 10.2 10.2 10.1 10.5 10.1 9.9 10.5
---------------------------------------------------------------------------------------------------------------------------------------
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.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 1992 August 7, 1997
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
1991 1992
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total -0.8 2.5 1.8 -0.5 -3.4 -1.5 -2.2 1.3 2.0 -0.1 0.6 2.5 2.6
Automobile 3.6 11.2 -8.2 0.2 -1.2 -4.0 -9.7 2.5 2.0 0.6 -7.5 1.4 9.6
Revolving 2.3 10.3 6.2 1.4 5.5 2.1 7.3 1.5 4.2 5.8 10.8 0.1 8.7
Other 3 -8.7 -14.7 7.7 -3.3 -15.4 -2.7 -4.7 -0.1 -0.6 -7.4 -2.1 6.3 -11.8
Amount: billions of dollars
Total 779.3 780.9 782.1 781.7 779.5 778.5 777.1 777.9 779.2 779.1 779.5 781.1 782.8
Automobile 263.3 265.7 263.9 263.9 263.7 262.8 260.7 261.2 261.7 261.8 260.2 260.5 262.6
Revolving 263.2 265.4 266.8 267.1 268.3 268.8 270.4 270.8 271.7 273.0 275.5 275.5 277.5
Other 3 252.9 249.8 251.4 250.7 247.5 246.9 246.0 245.9 245.8 244.3 243.9 245.1 242.7
---------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 9.89 n.a. n.a. 9.52 n.a. n.a. 9.15 n.a. n.a. 8.60 n.a.
24-mo. personal n.a. n.a. 14.39 n.a. n.a. 14.28 n.a. n.a. 13.94 n.a. n.a. 13.55 n.a.
Credit card plan
All accounts 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.
Accounts assessed interest 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.
New car loans at auto finance companies
Interest rates 10.41 10.04 10.19 10.92 10.84 10.67 10.24 9.94 8.88 8.65 9.51 9.65 9.65
Maturity (months) 53.7 53.5 53.8 54.3 54.5 54.7 54.4 54.4 53.6 53.3 54.1 54.1 53.6
Loan-to-value ratio 88 89 89 89 89 89 89 89 90 90 89 89 90
Amount financed (dollars) 13,476 13,135 13,340 13,137 13,208 13,373 13,369 13,570 13,745 13,889 13,885 14,043 14,315
---------------------------------------------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------------------------------
1991 1992
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Total 796.7 787.4 779.7 775.6 773.6 772.3 772.8 773.0 779.1 781.3 779.8 784.6 801.0
Major holders
Commercial banks 372.4 369.1 364.2 361.3 361.3 359.8 359.1 360.1 360.8 360.4 359.3 360.2 365.5
Finance companies 121.6 118.9 120.8 118.9 118.7 116.5 117.0 117.4 118.0 117.5 117.1 117.5 118.1
Credit unions 90.3 89.6 89.3 89.5 88.7 88.8 88.3 89.2 90.1 90.7 90.9 91.9 89.4
Savings institutions 42.2 41.4 40.5 39.3 38.7 38.6 38.1 38.0 37.9 37.5 36.7 36.8 37.4
Nonfinancial business 67.3 63.5 60.9 59.9 60.3 60.7 60.7 60.7 61.7 61.7 63.2 64.0 70.3
Pools of securitized assets 5 103.0 104.9 104.0 106.7 106.0 108.0 109.5 107.7 110.7 113.5 112.7 114.3 120.3
Major types of credit 6
Automobile 264.2 265.1 262.6 262.3 261.8 261.3 259.8 260.5 262.8 264.1 262.7 262.1 263.8
Commercial banks 112.7 112.0 111.4 111.6 110.9 110.8 109.2 110.5 111.0 111.6 110.4 109.4 109.6
Finance companies 65.1 64.1 64.1 63.0 64.3 62.2 63.0 63.6 63.8 63.4 63.1 62.5 62.0
Pools of securitized assets 5 30.1 31.5 30.3 31.9 30.5 32.2 31.6 30.4 31.6 32.8 32.5 33.7 34.7
Revolving 277.1 270.4 266.0 263.7 264.5 265.5 267.8 267.7 270.6 272.2 274.0 276.8 292.0
Commercial banks 138.0 133.9 130.7 128.4 128.4 127.8 127.7 127.6 127.1 127.0 127.1 127.7 133.0
Finance companies 18.1 18.4 18.6 18.8 19.0 19.2 19.4 19.6 19.9 20.1 20.3 20.5 20.7
Nonfinancial business 41.7 38.9 37.1 36.4 36.9 37.3 37.5 37.6 38.4 38.6 39.9 40.2 44.5
Pools of securitized assets 5 63.4 63.4 63.8 64.5 64.5 65.1 67.0 66.5 68.6 69.7 69.1 69.8 74.6
Other 255.4 251.9 251.1 249.6 247.2 245.5 245.1 244.8 245.7 245.1 243.2 245.7 245.2
Commercial banks 121.8 123.2 122.1 121.4 122.0 121.1 122.2 122.1 122.7 121.8 121.8 123.1 122.9
Finance companies 38.3 36.5 38.2 37.1 35.4 35.1 34.5 34.2 34.3 34.0 33.6 34.5 35.3
Nonfinancial business 25.7 24.6 23.8 23.4 23.4 23.4 23.2 23.1 23.2 23.1 23.3 23.7 25.8
Pools of securitized assets 5 9.4 10.0 9.8 10.4 11.0 10.7 11.0 10.7 10.5 11.0 11.0 10.8 10.9
---------------------------------------------------------------------------------------------------------------------------------------
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.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 1991 August 7, 1997
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
1990 1991
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total -8.6 -3.8 0.3 0.2 -0.6 0.1 -3.3 -2.4 -3.3 -2.9 -2.8 -2.9 -0.8
Automobile -7.7 -8.5 -9.9 -7.2 -10.3 -13.3 -7.6 -8.6 -8.0 -5.5 -3.0 -8.6 3.6
Revolving -4.7 3.0 19.1 22.1 10.1 9.5 5.8 7.4 8.7 13.7 13.0 5.7 2.3
Other 3 -12.8 -4.9 -5.6 -12.0 -0.5 5.1 -7.5 -5.3 -9.8 -16.4 -18.5 -5.9 -8.7
Amount: billions of dollars
Total 793.9 791.4 791.6 791.7 791.3 791.4 789.2 787.6 785.5 783.6 781.8 779.9 779.3
Automobile 283.1 281.1 278.8 277.1 274.7 271.7 270.0 268.0 266.2 265.0 264.4 262.5 263.3
Revolving 238.2 238.7 242.5 247.0 249.1 251.1 252.3 253.8 255.7 258.6 261.4 262.7 263.2
Other 3 272.7 271.6 270.3 267.6 267.5 268.6 267.0 265.8 263.6 260.0 256.0 254.7 252.9
---------------------------------------------------------------------------------------------------------------------------------------
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 11.60 n.a. n.a. 11.28 n.a. n.a. 11.06 n.a. n.a. 10.61 n.a.
24-mo. personal n.a. n.a. 15.42 n.a. n.a. 15.16 n.a. n.a. 15.24 n.a. n.a. 14.88 n.a.
Credit card plan
All accounts 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.
Accounts assessed interest 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.
New car loans at auto finance companies
Interest rates 12.86 12.99 13.16 13.14 13.14 12.95 12.77 12.55 12.40 12.38 12.23 10.79 10.41
Maturity (months) 54.7 54.9 55.2 55.2 55.4 55.4 55.5 55.5 55.4 55.4 55.4 54.1 53.7
Loan-to-value ratio 85 88 88 87 87 87 88 88 88 87 88 88 88
Amount financed (dollars) 12,140 12,229 12,081 12,121 11,993 12,204 12,343 12,572 12,518 12,460 12,684 13,245 13,476
---------------------------------------------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------------------------------
1990 1991
_______ _______________________________________________________________________________________________
Dec. r Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Total 810.2 797.7 789.4 785.7 785.7 785.2 784.9 782.9 785.5 785.8 782.0 783.0 796.7
Major holders
Commercial banks 387.0 380.9 378.3 374.1 375.4 374.1 372.6 372.6 372.6 370.4 368.1 367.0 372.4
Finance companies 133.4 131.2 128.8 126.9 127.5 127.8 127.5 127.3 128.9 124.4 123.3 122.4 121.6
Credit unions 91.6 90.3 89.2 88.5 88.5 88.4 88.5 88.1 88.9 89.2 88.8 88.5 90.3
Savings institutions 49.6 49.4 49.4 49.7 48.5 47.4 46.5 45.6 44.4 43.4 43.9 43.4 42.2
Nonfinancial business 71.9 67.8 64.5 63.3 62.7 61.7 61.2 60.8 62.0 60.9 60.9 62.7 67.3
Pools of securitized assets 5 76.7 78.0 79.3 83.3 83.0 85.8 88.6 88.4 88.8 97.4 97.1 99.1 103.0
Major types of credit 6
Automobile 283.9 280.6 277.5 275.4 272.9 270.2 269.1 267.4 267.4 267.4 266.8 263.8 264.2
Commercial banks 124.9 124.4 122.5 120.7 119.6 118.0 117.6 116.8 115.6 114.3 114.1 113.5 112.7
Finance companies 75.8 73.2 71.0 69.7 69.9 68.9 69.6 69.7 70.9 68.0 67.4 66.3 65.1
Pools of securitized assets 5 24.2 24.8 26.3 27.2 26.2 26.4 25.3 25.2 24.8 28.8 28.9 27.8 30.1
Revolving 250.9 243.4 241.8 243.9 245.6 247.9 249.7 250.9 254.6 257.8 260.0 263.9 277.1
Commercial banks 133.4 127.1 127.3 126.5 128.2 128.6 127.0 127.8 129.3 129.3 131.3 130.5 138.0
Finance companies 15.6 15.8 16.0 16.2 16.4 16.6 16.9 17.1 17.3 17.5 17.7 17.9 18.1
Nonfinancial business 44.9 42.2 39.7 38.8 38.3 37.2 36.8 36.7 37.6 36.7 36.7 38.0 41.7
Pools of securitized assets 5 44.6 45.2 45.0 47.7 48.1 50.9 54.6 54.8 55.6 59.1 58.9 61.9 63.4
Other 275.4 273.7 270.1 266.4 267.1 267.2 266.1 264.6 263.5 260.7 255.3 255.3 255.4
Commercial banks 128.7 129.4 128.5 126.8 127.6 127.5 128.1 128.0 127.6 126.7 122.6 123.1 121.8
Finance companies 42.0 42.3 41.8 41.0 41.1 42.2 41.0 40.6 40.7 39.0 38.2 38.2 38.3
Nonfinancial business 27.0 25.7 24.8 24.5 24.4 24.5 24.3 24.2 24.4 24.2 24.2 24.7 25.7
Pools of securitized assets 5 7.9 8.0 8.0 8.3 8.7 8.5 8.7 8.5 8.4 9.5 9.3 9.3 9.4
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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.
G.19 CONSUMER CREDIT For release at 3 p.m. (Eastern Time)
1 December 1990 August 7, 1997
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
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1989 1990
_______ _______________________________________________________________________________________________
Dec. Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
Total 4.8 4.4 3.2 0.7 1.4 3.0 5.1 5.6 1.8 0.2 4.0 -0.2 -8.6
Automobile -6.3 0.2 -1.7 -2.0 -0.2 2.4 2.9 -0.3 -7.7 -3.5 -6.6 -5.4 -7.7
Revolving 19.8 15.5 17.0 5.4 13.0 18.8 13.5 20.0 12.9 11.6 8.3 15.2 -4.7
Other 3 5.2 0.3 -2.2 -0.2 -6.0 -8.9 0.6 0.0 2.5 -5.4 11.5 -8.0 -12.8
Amount: billions of dollars
Total 780.4 783.3 785.4 785.8 786.7 788.7 792.0 795.7 796.9 797.1 799.8 799.7 793.9
Automobile 290.2 290.3 289.8 289.4 289.3 289.9 290.6 290.5 288.6 287.8 286.2 284.9 283.1
Revolving 210.9 213.7 216.7 217.7 220.0 223.5 226.0 229.7 232.2 234.5 236.1 239.1 238.2
Other 3 279.3 279.4 278.9 278.8 277.4 275.4 275.5 275.5 276.1 274.8 277.5 275.6 272.7
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TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
Interest rates
48-mo. new car n.a. n.a. 11.80 n.a. n.a. 11.82 n.a. n.a. 11.89 n.a. n.a. 11.62 n.a.
24-mo. personal n.a. n.a. 15.27 n.a. n.a. 15.41 n.a. n.a. 15.46 n.a. n.a. 15.69 n.a.
Credit card plan
All accounts 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.
Accounts assessed interest 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.
New car loans at auto finance companies
Interest rates 13.27 12.64 12.67 12.31 12.21 12.23 12.58 12.68 12.62 12.34 12.57 12.74 12.86
Maturity (months) 55.1 54.7 54.7 54.3 54.2 54.5 54.8 54.9 54.8 54.3 54.6 54.6 54.7
Loan-to-value ratio 89 89 88 88 87 87 87 86 86 85 85 85 85
Amount financed (dollars) 12,301 12,381 12,053 12,216 12,089 12,064 12,108 12,125 11,939 11,837 11,917 11,986 12,140
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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
---------------------------------------------------------------------------------------------------------------------------------------
1989 1990
_______ _______________________________________________________________________________________________
Dec. Jan. r Feb. r Mar. r Apr. r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. r
---------------------------------------------------------------------------------------------------------------------------------------
Total 795.0 789.2 783.3 779.9 781.4 782.7 787.9 791.5 797.3 799.4 800.3 802.7 810.2
Major holders
Commercial banks 385.1 385.1 380.8 377.1 379.5 379.5 378.8 379.2 382.7 384.4 385.6 385.6 387.0
Finance companies 138.9 138.5 136.5 134.9 134.9 134.8 134.8 137.4 137.6 138.8 139.2 136.3 133.4
Credit unions 91.7 91.1 90.5 90.0 90.1 90.3 90.4 90.8 91.7 91.6 91.8 91.6 91.6
Savings institutions 62.5 61.0 60.4 60.4 59.7 58.1 57.1 56.4 54.8 53.1 51.8 51.7 49.6
Nonfinancial business 69.6 66.5 63.8 63.5 63.3 63.6 63.9 63.6 64.8 64.3 63.7 65.3 71.9
Pools of securitized assets 5 47.3 47.1 51.3 53.9 54.0 56.3 63.0 64.1 65.7 67.2 68.1 72.1 76.7
Major types of credit 6
Automobile 290.9 289.8 288.6 287.5 287.4 288.3 289.6 289.9 290.0 290.3 288.8 286.3 283.9
Commercial banks 126.3 126.9 126.8 125.8 126.2 126.8 126.9 126.5 127.6 128.3 127.2 125.6 124.9
Finance companies 84.1 83.3 81.6 81.0 80.8 80.5 79.8 80.3 79.5 80.4 80.5 77.2 75.8
Pools of securitized assets 5 17.6 17.3 18.3 19.0 18.8 19.5 21.5 21.8 21.7 21.1 20.6 23.1 24.2
Revolving 222.3 217.9 216.1 214.9 217.0 220.5 223.5 227.1 231.2 233.7 234.7 240.2 250.9
Commercial banks 130.8 128.5 125.2 122.3 124.3 125.6 122.5 125.2 126.7 127.4 127.4 129.8 133.4
Finance companies 13.0 13.2 13.4 13.6 13.8 14.1 14.3 14.5 14.7 14.9 15.1 15.3 15.6
Nonfinancial business 43.5 41.3 39.4 39.2 38.9 39.1 39.5 39.2 40.2 39.8 39.2 40.2 44.9
Pools of securitized assets 5 22.6 22.9 26.2 28.0 28.2 29.8 35.4 36.2 37.7 39.6 40.9 42.5 44.6
Other 281.9 281.5 278.6 277.5 276.9 273.9 274.7 274.5 276.1 275.5 276.7 276.1 275.4
Commercial banks 128.0 129.7 128.9 129.0 129.0 127.2 129.3 127.4 128.4 128.8 131.0 130.2 128.7
Finance companies 41.8 41.9 41.4 40.3 40.3 40.3 40.7 42.6 43.4 43.5 43.5 43.8 42.0
Nonfinancial business 26.1 25.2 24.4 24.3 24.4 24.5 24.4 24.4 24.6 24.5 24.5 25.1 27.0
Pools of securitized assets 5 7.1 6.9 6.8 7.0 7.0 6.9 6.1 6.1 6.3 6.5 6.6 6.5 7.9
---------------------------------------------------------------------------------------------------------------------------------------
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.
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Last update: August 7, 1997