G.19CONSUMER CREDITFor release at
3 p.m.
(Eastern Time)
September 2009November 6, 2009
Consumer credit decreased at an annual rate of 6 percent in the third quarter of 2009. Revolving credit decreased at an annual rate of 10 percent, and nonrevolving credit decreased at an annual rate of3-3/4 percent. In September, consumer credit decreased at an annual rate of 7-1/4 percent.
CONSUMER CREDIT OUTSTANDING1Seasonally adjusted2008200920042005200620072008Q3Q4Q1Q2Q3pJulrAugrSeppPercent change at annual rate2Total5.6 4.5 4.1 5.6 1.6 0.6 -3.0 -3.7 -6.6 -6.1 -6.3 -4.8 -7.2Revolving4.1 3.8 5.0 7.8 1.9 3.3 -7.3 -9.6 -9.7 -10.0 -3.6 -13.3 -13.3Nonrevolving36.4 4.9 3.6 4.4 1.4 -1.0 -0.4 -0.2 -4.8 -3.8 -7.9 0.1 -3.7Amount: billions of dollarsTotal2,191.5 2,291.0 2,384.8 2,519.5 2,559.1 2,578.3 2,559.1 2,535.3 2,493.7 2,455.8 2,480.5 2,470.6 2,455.8Revolving799.2 829.8 871.3 939.6 957.3 975.2 957.3 934.3 911.7 889.0 909.0 898.9 889.0Nonrevolving31,392.3 1,461.2 1,513.5 1,579.9 1,601.8 1,603.2 1,601.8 1,601.0 1,582.0 1,566.8 1,571.5 1,571.7 1,566.8TERMS 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 7.07 7.72 7.77 7.02 6.92 7.06 6.92 6.79 6.61 n.a.6.61 n.a.24-mo. personal11.89 12.06 12.41 12.38 11.37 11.48 11.44 11.05 11.25 10.89 n.a.10.89 n.a.Credit card planAll accounts12.72 12.51 13.21 13.30 12.08 11.94 12.03 12.97 13.32 13.71 n.a.13.71 n.a.Accounts assessed interest13.22 14.55 14.73 14.68 13.57 13.64 13.36 13.54 14.43 14.90 n.a.14.90 n.a.New car loans at auto finance companiesInterest Rates4.92 6.02 4.99 4.87 5.52 4.87 7.09 4.71 3.45 3.66 3.43 4.06 3.50Maturity (months)60.7 60.0 63.0 62.0 63.4 65.4 62.3 59.3 62.1 62.7 62.7 61.8 63.6Loan-to-Value Ratio89 88 94 95 91 89 86 87 92 90 92 86 91Amount financed (dollars)24,888 24,133 26,620 28,287 26,178 26,643 24,400 25,518 28,577 27,884 28,866 24,405 30,380
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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