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G.19CONSUMER CREDITFor release at
3 p.m.
(Eastern Time)
March 2009May 7, 2009
Consumer credit decreased at an annual rate of 2 percent in the first quarter. Revolving credit decreased at an annual rate of 6-1/2 percent, and nonrevolving credit increased at an annual rate of 1 percent.In March, consumer credit decreased at an annual rate of 5-1/4 percent.
CONSUMER CREDIT OUTSTANDING1Seasonally adjusted2008200920042005200620072008Q1Q2Q3Q4Q1pJanrFebrMarpPercent change at annual rate2Total5.5 4.3 4.5 5.5 1.8 4.8 3.9 1.3 -3.0 -1.9 3.3 -3.8 -5.2Revolving3.8 3.1 6.1 7.4 2.3 7.6 3.5 4.6 -6.2 -6.5 -0.7 -12.1 -6.8Nonrevolving36.4 4.9 3.6 4.4 1.4 3.1 4.2 -0.6 -1.1 0.9 5.7 1.2 -4.2Amount: billions of dollarsTotal2,191.6 2,285.2 2,387.7 2,519.0 2,563.3 2,549.0 2,574.1 2,582.8 2,563.3 2,551.1 2,570.3 2,562.2 2,551.1Revolving799.8 824.5 874.6 939.5 961.6 957.3 965.8 976.8 961.6 945.9 961.0 951.3 945.9Nonrevolving31,391.8 1,460.7 1,513.1 1,579.5 1,601.7 1,591.7 1,608.3 1,606.0 1,601.7 1,605.2 1,609.3 1,610.9 1,605.2TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES4Percent except as noted: not seasonally adjustedInstitution, terms, and type of loanCommercial banksInterest rates48-mo. new car6.60 7.08 7.72 7.77 7.02 7.27 6.84 6.92 7.06 6.92 n.a.6.92 n.a.24-mo. personal11.89 12.05 12.41 12.39 11.37 11.43 11.14 11.48 11.44 11.02 n.a.11.02 n.a.Credit card planAll accounts12.72 12.51 13.21 13.38 12.07 12.46 11.87 11.94 12.03 13.08 n.a.13.08 n.a.Accounts assessed interest13.22 14.55 14.73 14.67 13.57 13.77 13.51 13.64 13.36 13.54 n.a.13.54 n.a.New car loans at auto finance companiesInterest Rates4.92 6.02 4.99 4.87 5.52 4.85 5.28 4.87 7.09 4.71 8.23 3.17 2.74Maturity (months)60.7 60.0 63.0 62.0 63.4 62.6 63.5 65.4 62.3 59.9 59.3 59.0 61.2Loan-to-Value Ratio89 88 94 95 91 94 93 89 86 87 86 86 89Amount financed (dollars)24,888 24,133 26,620 28,287 26,178 28,174 25,493 26,643 24,400 25,730 22,922 26,268 27,999
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.
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