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

Release Date: December 7, 2006
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G.19                                                        CONSUMER CREDIT                        For release at 3 p.m. (Eastern Time)
1                                                            October 2006                                              December 7, 2006

Consumer credit decreased at an annual rate of 1/2 percent in October, following an upward-revised increase of 5-3/4 percent in the
third quarter.  In October, an increase in revolving credit was offset by a decrease in nonrevolving credit.

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
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                                                                             2005                            2006
                                                                        _______________ _______________________________________________

                                 2001    2002    2003    2004    2005     Q3      Q4      Q1      Q2     Q3 r    Aug r   Sep r   Oct p
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Percent change at annual rate 2
  Total                            8.7     6.0     5.2     5.5     4.1     4.5     2.2     2.2     6.8     5.8     6.9     2.0    -0.6
   Revolving                       4.9     4.5     2.9     4.0     3.0     3.6     4.1    -0.4    10.1     7.3     8.9     4.9     4.1
   Nonrevolving 3                 11.2     7.0     6.6     6.4     4.7     5.0     1.2     3.6     4.9     4.9     5.8     0.4    -3.3

Amount: billions of dollars
  Total                         1871.9  1985.0  2088.7  2204.1  2294.3  2281.8  2294.3  2306.7  2345.7  2379.6  2375.7  2379.6  2378.4
   Revolving                     716.4   748.9   770.5   801.0   825.2   816.9   825.2   824.2   845.1   860.5   857.0   860.5   863.4
   Nonrevolving 3               1155.5  1236.1  1318.3  1403.2  1469.2  1464.9  1469.2  1482.5  1500.6  1519.1  1518.6  1519.1  1515.0
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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                 8.50    7.62    6.93    6.60    7.08    7.08    7.43    7.39    7.60    7.95    7.95     n.a.    n.a.
   24-mo. personal               13.22   12.54   11.95   11.89   12.05   12.22   11.95   12.18   12.58   12.40   12.40     n.a.    n.a.
        Credit card plan
    All accounts                 14.87   13.40   12.30   12.71   12.51   12.48   12.58   13.30   13.16   13.06   13.06     n.a.    n.a.
    Accounts assessed interest   14.46   13.11   12.73   13.21   14.54   14.75   14.49   14.38   14.77   14.67   14.67     n.a.    n.a.

New car loans at auto finance companies
  Interest rates                  5.65    4.29    3.40    4.36    5.46    5.80    5.97    5.34    5.62    3.24    3.69    3.97    5.42
  Maturity (months)               55.1    56.8    61.4    60.5    60.0    60.2    61.1    61.8    61.0    64.2    62.9    63.3    61.9
  Loan-to-value ratio               91      94      95      89      88      88      89      90      90      93      91      92      94
  Amount financed (dollars)     22,822  24,747  26,295  24,888  24,133  24,575  24,363  24,926  25,300  27,111  26,468  26,813  27,239

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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    2002    2003    2004    2005     Q3      Q4      Q1      Q2     Q3 r    Aug r   Sep r   Oct p
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Total                                 1899.6  2013.0  2117.0  2233.9  2325.3  2288.1  2325.3  2293.9  2328.8  2386.2  2373.2  2386.2  2386.5

Major holders
Total                                 1899.6  2013.0  2117.0  2233.9  2325.3  2288.1  2325.3  2293.9  2328.8  2386.2  2373.2  2386.2  2386.5
Commercial banks                       568.4   602.6   669.4   704.3   707.0   708.2   707.0   697.5   694.7   710.6   715.2   710.6   709.9
Finance companies                      280.0   307.5   393.0   492.3   516.5   508.4   516.5   499.6   506.8   527.8   524.8   527.8   524.1
Credit unions                          189.6   195.7   205.9   215.4   228.6   229.5   228.6   227.3   230.4   234.6   234.0   234.6   234.7
Federal government and Sallie Mae      119.5   129.6   114.7    98.4   102.1   103.9   102.1   104.5   102.6   105.4   102.4   105.4   104.5
Savings institutions                    71.1    68.7    77.9    91.3   109.1    99.4   109.1    98.1   101.9   106.2   104.8   106.2   107.2
Nonfinancial business                   73.1    74.8    58.5    58.5    58.6    56.9    58.6    54.9    52.6    51.8    52.2    51.8    51.7
Pools of securitized assets 5          598.0   634.1   597.7   573.8   603.3   581.7   603.3   612.1   639.7   649.8   639.9   649.8   654.3

Major types of credit
Revolving                              736.0   769.1   791.3   823.4   848.3   815.5   848.3   814.9   840.5   859.1   856.2   859.1   860.4
   Commercial banks                    234.9   246.4   285.0   314.6   311.2   300.6   311.2   281.1   291.0   298.7   301.0   298.7   296.4
   Finance companies                    34.8    44.4    45.3    50.4    66.3    57.7    66.3    63.7    69.5    72.2    71.6    72.2    72.2
   Credit unions                        22.3    22.2    22.4    23.2    24.7    23.2    24.7    23.3    24.7    25.9    25.6    25.9    26.8
   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    29.9    40.8    39.7    41.4    43.2    42.6    43.2    43.7
   Nonfinancial business                34.9    37.1    14.5    11.7    10.8    13.1    10.8    10.3     7.6     6.7     6.7     6.7     6.7
   Pools of securitized assets 5       391.2   402.7   400.2   395.5   394.5   391.1   394.5   396.7   406.3   412.4   408.6   412.4   414.5

Nonrevolving                          1163.6  1243.9  1325.8  1410.6  1476.9  1472.6  1476.9  1479.0  1488.3  1527.1  1517.0  1527.1  1526.1
   Commercial banks                    333.5   356.2   384.4   389.6   395.8   407.7   395.8   416.4   403.7   411.9   414.1   411.9   413.5
   Finance companies                   245.1   263.1   347.8   442.0   450.2   450.7   450.2   435.8   437.3   455.6   453.2   455.6   451.8
   Credit unions                       167.3   173.5   183.5   192.1   203.9   206.3   203.9   204.0   205.7   208.7   208.4   208.7   207.9
   Federal government and Sallie Mae   119.5   129.6   114.7    98.4   102.1   103.9   102.1   104.5   102.6   105.4   102.4   105.4   104.5
   Savings institutions                 53.2    52.4    54.0    63.4    68.3    69.5    68.3    58.4    60.5    63.0    62.2    63.0    63.5
   Nonfinancial business                38.2    37.7    44.0    46.8    47.8    43.8    47.8    44.6    45.0    45.1    45.5    45.1    45.0
   Pools of securitized assets 5       206.8   231.4   197.5   178.3   208.8   190.6   208.8   215.4   233.4   237.4   231.3   237.4   239.9

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). 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.
r=revised.  p=preliminary.
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