Consumer installment credit data have been revised to

incorporate results of the annual benchmark and updated seasonal
adjustment factors. In addition, the measure of consumer credit has
been broadened to include noninstallment consumer credit, which
currently amounts to about $65 billion, or 6 percent of the total of
installment plus noninstallment credit; this change has had little
impact on long-term growth trends. Consumer credit will continue to
be reported as three separate components: automobile credit, revolving
credit, and `other' credit. All noninstallment credit will be
included in the `other' category.
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
For immediate release
1
June 11, 1996

CONSUMER CREDIT
April 1996

Consumer credit outstanding grew at a 6.9 percent seasonally adjusted annual
rate in April. The consumer installment credit data have been
revised to reflect annual benchmarking and recalculation of seasonal factors.
In addition, the measure of consumer credit has been
broadened to include noninstallment consumer credit; this change has had little
impact on long-term growth trends.
CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------1995
1996
___________________________________________
____________________________ _______________________________
Apr. r
May r June r July r Aug. r
Feb. r Mar. r Apr. p
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ------------------------------------------------------------------------------------------------------------------------------------------------Percent change at annual rate 2
Total
13.2
16.3
14.7
12.2
14.3
16.8
8.9
12.9
9.7
11.3
11.6
10.0
6.9
Automobile
6.4
12.6
8.8
15.4
8.3
6.4
10.8
10.8
13.2
4.8
8.0
5.1
10.8
Revolving
14.2
26.4
22.5
10.8
24.6
29.1
15.2
8.4
19.2
14.9
19.3
15.3
20.2
Other 3
19.2
8.6
11.7
10.4
8.3
Sept. r

Oct. r

Nov. r

Dec. r

Jan. r

12.9

-0.6

20.5

-5.4

13.5

5.8

8.6

-13.6

Amount: billions of dollars
Total
1,010.7 1,024.4 1,037.0 1,047.5 1,059.9
1,074.7 1,082.7 1,094.4 1,103.2 1,113.5 1,124.3 1,133.6 1,140.2
Automobile
326.8
330.2
332.6
336.9
339.2
341.0
344.1
347.2
351.1
352.5
354.8
356.3
359.5
Revolving
363.8
371.8
378.8
382.2
390.1
399.5
404.6
407.4
413.9
419.0
425.8
431.2
438.5
Other 3
320.1
322.4
325.6
328.4
330.6
334.2
334.0
339.7
338.2
342.0
343.7
346.1
342.2
------------------------------------------------------------------------------------------------------------------------------------------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.
9.78
n.a.
n.a.
9.44
n.a.
n.a.
9.36
n.a.
n.a.
9.12
n.a.
n.a.
24-mo. personal
n.a.
14.03
n.a.
n.a.
13.84
n.a.
n.a.
13.80
n.a.
n.a.
13.63
n.a.
n.a.
Credit card plan
All accounts
n.a.
16.15
n.a.
n.a.
15.98
n.a.
n.a.
15.81
n.a.
n.a.
15.82
n.a.
n.a.
Accounts assessed interest
n.a.
16.23
n.a.
n.a.
15.94
n.a.
n.a.
15.71
n.a.
n.a.
15.41
n.a.
n.a.
New car loans at auto finance companies
Interest rates
11.74
11.43
11.08
11.01
10.85
10.75
10.89
10.84
10.52
9.74
9.86
9.77
9.64
Maturity (months)
54.6
54.4
53.9
54.1
53.5
53.4
54.6
54.5
53.6
51.8
52.3
51.8
51.5
Loan-to-value ratio
92
92
92
92
92
92
92
92
92
92
91
91
91
Amount financed (dollars)
16,029 16,155 16,083 16,086 16,056
16,402 16,430 16,583 17,034 16,698 16,627 16,520 16,605
------------------------------------------------------------------------------------------------------------------------------------------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
____________________________________________
___________________________ _______________________________
Apr. r
May r June r July r Aug. r
Jan. r Feb. r Mar. r Apr. p
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ---------------------------------------------------------------------------------------------------------------------------------------------Sept. r

Oct. r

Nov. r

Dec. r

Total
1,000.6 1,014.8 1,029.7 1,038.3 1,057.8
1,077.5 1,084.1 1,101.4 1,131.7 1,123.8 1,121.3 1,123.3 1,129.4
Major holders
Commercial banks
492.4
491.8
496.0
507.4
Finance companies
146.2
148.7
147.1
152.6
Credit unions
129.2
130.3
130.9
131.9
Savings institutions
39.7
40.1
40.5
40.1
Nonfinancial business
78.3
78.8
77.9
85.1
Pools of securitized assets
192.4
194.5
208.9
214.6

473.9
499.8
139.6
151.7
122.8
130.8
38.2
40.0
80.0
76.7
161.5
224.3

476.3
504.7
141.7
153.3
125.7
131.9
38.5
40.0
80.5
73.8
168.1
225.8

480.5

490.4

142.2

145.5

126.8

128.7

38.9

39.3

80.7
5
216.8

470.1
500.1
137.8
154.4
121.4
130.8
37.8
40.0
79.1
78.1
155.5
217.9

80.0

78.6

170.5

174.8

Major types of credit 6
Automobile
344.1
348.1
351.0
354.3
352.0
Commercial banks
146.9
150.1
148.0
149.1
148.2
Finance companies
68.9
70.8
68.2
70.6
71.4
Pools of securitized assets 5
39.1
37.2
44.7
44.6
42.6

323.0
352.6
141.4
147.7
62.4
73.3
35.0
41.8

327.9
352.6
141.7
148.5
63.7
72.1
36.7
42.9

331.4
355.1
143.0
150.5
65.2
73.8
37.1
40.6

335.7

340.5

145.5

147.2

65.9

68.3

37.4

36.9

Revolving
399.3
404.0
410.5
435.7
426.0
Commercial banks
195.0
195.9
197.1
210.3
200.1
Nonfinancial business
49.6
50.0
48.5
53.5
50.5
Pools of securitized assets 5
132.8
135.7
141.9
147.9
151.6

358.3
424.7
182.1
198.9
50.9
48.6
104.8
153.4

366.8
425.8
185.9
196.8
51.7
47.4
108.4
157.7

374.6
431.7
187.3
201.9
52.1
44.5
114.1
161.2

376.9

387.5

187.4

195.4

51.7

49.8

116.5

120.3

502.4
152.6
131.3
40.0

Other
320.5
321.2
324.8
326.3
329.2
334.8
332.1
339.8
341.8
345.8
344.1
344.9
342.6
Commercial banks
146.6
146.3
146.0
147.7
147.7
150.5
145.7
150.9
148.0
154.1
153.6
154.5
152.3
Finance companies
75.4
75.9
76.6
76.3
77.3
77.3
77.9
78.9
82.0
81.2
81.1
79.6
79.5
Nonfinancial business
28.1
28.3
28.4
28.4
28.7
28.7
28.8
29.4
31.5
30.2
29.5
29.3
29.2
Pools of securitized assets 5
15.7
16.4
16.9
16.6
17.5
20.4
21.5
22.3
22.1
22.6
22.7
23.7
24.1
------------------------------------------------------------------------------

----------------------------------------------------------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
For immediate release
1
June 11, 1996

CONSUMER CREDIT
December 1995

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------1994
1995
_______
__________________________________________________________________________________
_____________
Dec. r Jan. r Feb. r Mar. r Apr. r
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ------May r

June r

July r

Aug. r Sept. r

------------------------------------------------------------------------------------------------------------------------------------------Percent change at annual rate 2
Total
14.1
14.5
7.5
18.8
13.2
16.3
14.7
12.2
14.3
16.8
8.9
12.9
9.7
Automobile
8.2
11.1
8.3
10.0
6.4
12.6
8.8
15.4
8.3
6.4
10.8
10.8
13.2
Revolving
10.2
24.2
21.2
24.7
14.2
26.4
22.5
10.8
24.6
29.1
15.2
8.4
19.2
Other 3
24.6
7.3
-8.4
21.1
19.2
8.6
11.7
10.4
8.3
12.9
-0.6
20.5
-5.4
Amount: billions of dollars
Total
966.5
978.1
984.3
999.7 1,010.7
1,024.4 1,037.0 1,047.5 1,059.9 1,074.7 1,082.7 1,094.4 1,103.2
Automobile
317.2
320.1
322.3
325.0
326.8
330.2
332.6
336.9
339.2
341.0
344.1
347.2
351.1
Revolving
339.3
346.2
352.3
359.5
363.8
371.8
378.8
382.2
390.1
399.5
404.6
407.4
413.9
Other 3
309.9
311.8
309.7
315.1
320.1
322.4
325.6
328.4
330.6
334.2
334.0
339.7
338.2
------------------------------------------------------------------------------------------------------------------------------------------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
------------------------------------------------------------------------------------------------------------------------------------------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
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ---------------------------------------------------------------------------------------------------------------------------------------------May r

June r

July r

Aug. r Sept. r

Total
988.8
985.4
980.4
989.3 1,000.6
1,014.8 1,029.7 1,038.3 1,057.8 1,077.5 1,084.1 1,101.4 1,131.7
Major holders
Commercial banks
473.9
476.3
480.5
490.4
Finance companies
139.6
141.7
142.2
145.5
Credit unions
122.8
125.7
126.8
128.7
Savings institutions
38.2
38.5
38.9
39.3
Nonfinancial business
80.0
80.5
80.0
78.6
Pools of securitized assets
161.5
168.1
170.5
174.8

460.9
496.0
137.5
147.1
119.6
130.9
38.2
40.5
82.8
77.9
148.1
208.9

459.3
507.4
134.8
152.6
119.7
131.9
37.8
40.1
80.2
85.1
150.1
214.6

463.0

470.1

135.8

137.8

120.6

121.4

37.5

37.8

79.7

79.1

78.3
5
192.4

462.9
491.8
134.8
148.7
119.6
130.3
38.5
40.1
86.6
78.8
147.8
194.5

154.3

155.5

Major types of credit 6
Automobile
327.9
331.4
335.7
340.5
344.1
Commercial banks
141.7
143.0
145.5
147.2
146.9
Finance companies
63.7
65.2
65.9
68.3
68.9
Pools of securitized assets 5
36.7
37.1
37.4
36.9
39.1

319.7
348.1
141.9
150.1
61.6
70.8
36.4
37.2

319.4
351.0
141.5
148.0
62.3
68.2
34.9
44.7

320.4
354.3
141.6
149.1
61.1
70.6
36.0
44.6

322.0

323.0

141.6

141.4

61.3

62.4

36.0

35.0

Revolving
366.8
374.6
376.9
387.5
399.3
Commercial banks
185.9
187.3
187.4
195.4
195.0
Nonfinancial business
51.7
52.1
51.7
49.8
49.6
Pools of securitized assets 5
108.4
114.1
116.5
120.3
132.8

357.3
404.0
182.0
195.9
56.8
50.0
96.1
135.7

352.3
410.5
178.7
197.1
53.8
48.5
97.5
141.9

351.5
435.7
179.0
210.3
52.0
53.5
98.3
147.9

355.0

358.3

180.9

182.1

51.6

50.9

102.3

104.8

492.4
146.2
129.2
39.7

Other
313.2
315.2
310.1
313.9
320.5
321.2
324.8
326.3
329.2
334.8
332.1
339.8
341.8
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
148.0
Finance companies
73.2
75.1
73.7
74.5
75.4
75.9
76.6
76.3
77.3
77.3
77.9
78.9
82.0
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
15.3
15.6
15.8
16.0
15.7
16.4
16.9
16.6
17.5
20.4
21.5
22.3
22.1
---------------------------------------------------------------------------------------------------------------------------------------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
For immediate release
1
June 11, 1996

CONSUMER CREDIT
December 1994

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
--------------------------------------------------------------------------------

-----------------------------------------------------------1993
1994
_______
__________________________________________________________________________________
_____________
Dec. r Jan. r Feb. r Mar. r Apr. r
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ------------------------------------------------------------------------------------------------------------------------------------------------Percent change at annual rate 2
Total
14.2
7.2
9.1
16.5
13.7
15.2
14.4
11.2
18.1
14.1
16.6
13.2
14.1
Automobile
8.4
10.2
4.4
19.6
17.4
15.8
17.2
5.5
15.8
18.4
6.8
12.3
8.2
Revolving
14.2
10.8
11.5
17.3
21.1
15.2
17.9
20.5
27.7
4.1
10.7
35.8
10.2
Other 3
20.1
0.5
11.3
12.5
2.3
14.6
7.9
7.0
10.2
20.6
33.3
-10.1
24.6
May r

June r

July r

Aug. r Sept. r

Amount: billions of dollars
Total
844.1
849.2
855.6
867.3
877.3
888.4
899.1
907.4
921.1
931.9
944.8
955.2
966.5
Automobile
279.8
282.2
283.2
287.8
292.0
295.8
300.0
301.4
305.4
310.1
311.8
315.0
317.2
Revolving
287.0
289.6
292.4
296.6
301.8
305.6
310.2
315.5
322.8
323.8
326.7
336.5
339.3
Other 3
277.3
277.4
280.0
283.0
283.5
286.9
288.8
290.5
293.0
298.0
306.3
303.7
309.9
------------------------------------------------------------------------------------------------------------------------------------------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.
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
9.92
9.96
10.17
10.32
10.13
10.39
10.53
10.72
Maturity (months)
54.0
52.9
54.4

9.13

9.71

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
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ---------------------------------------------------------------------------------------------------------------------------------------------May r

June r

July r

Total
880.7
893.3

899.3

Aug. r Sept. r

863.9
944.5

856.6
959.6

853.7
988.8

859.9

869.8

398.6
449.0
117.5
132.9
100.2
117.5
37.6
38.3
74.1
78.1
128.7
145.1

398.4
462.9
118.0
134.8
100.3
119.6
37.4
38.5
71.8
86.6
128.0
147.8

401.1

408.4

120.1

122.8

101.6

102.7

37.1

37.5

74.7
5
138.9

399.7
443.0
116.5
131.6
101.6
116.0
37.9
38.1
77.2
75.0
131.1
142.0

71.7

72.2

128.5

126.6

Major types of credit 6
Automobile
293.9
299.2
300.2
306.5
313.0
Commercial banks
129.4
132.0
134.4
137.5
138.8
Finance companies
59.4
59.8
58.1
58.6
60.5
Pools of securitized assets 5

281.5
315.2
122.0
140.3
56.1
60.8
39.6

281.3
318.2
122.4
141.6
57.5
61.4
37.4

281.7
319.7
122.2
141.9
58.3
61.6
36.8

285.5

289.1

124.2

126.9

59.0

60.7

36.7

34.8

918.2

Major holders
Commercial banks
411.7
417.4
423.9
432.7
Finance companies
122.2
124.3
123.2
125.2
Credit unions
105.7
108.2
109.7
112.9
Savings institutions
37.8
38.1
38.1
38.0
Nonfinancial business
73.0
73.3
73.9
75.0
Pools of securitized assets
130.8
132.6
131.4
135.3

933.9

438.2
130.3
114.3
38.4

36.2

36.2

35.2

35.4

37.0

Revolving
301.5
306.7
311.1
320.6
323.4
Commercial banks
151.0
154.2
158.2
162.9
166.3
Nonfinancial business
47.2
47.4
47.9
48.6
48.2
Pools of securitized assets 5
82.7
84.3
84.2
88.1
87.8

36.2

36.2

36.4

302.2
326.1
149.9
164.8
50.1
48.3
80.2
91.5

295.1
338.9
146.2
172.3
47.9
50.6
79.8
94.1

291.8
357.3
144.9
182.0
46.3
56.8
80.0
96.1

292.9

297.4

146.5

150.2

46.1

46.6

80.2

80.3

Other
280.2
280.3
280.5
281.8
283.8
285.8
288.1
288.8
292.0
298.5
304.4
303.9
313.2
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
60.4
60.0
59.8
61.1
62.1
62.8
64.5
65.1
66.6
69.8
70.8
71.5
73.2
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
11.3
11.5
11.3
11.7
11.4
11.9
12.1
12.0
11.8
14.1
14.3
14.8
15.3
---------------------------------------------------------------------------------------------------------------------------------------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
For immediate release
1
June 12, 1996

CONSUMER CREDIT
December 1993

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------1992
1993
_______
__________________________________________________________________________________
_____________
Dec. r Jan. r Feb. r Mar. r Apr. r
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ------------------------------------------------------------------------------------------------------------------------------------------------Percent change at annual rate 2
Total
3.1
7.3
5.4
0.7
9.1
-0.3
5.7
9.6
6.8
7.9
11.8
9.5
14.2
Automobile
9.2
1.6
11.3
4.3
5.6
7.5
10.0
10.2
9.0
7.6
20.5
6.0
8.4
Revolving
13.2
11.6
10.9
5.8
8.9
5.7
4.8
18.9
7.7
11.3
9.4
20.3
14.2
Other 3
-12.0
8.6
-5.3
-7.6
12.5
-13.6
2.4
-0.3
3.7
4.8
5.5
2.0
20.1
May r

June r

July r

Aug. r Sept. r

Amount: billions of dollars
Total
784.9
789.6
793.2
793.7
799.7
799.5
803.3
809.7
814.3
819.7
827.7
834.3
844.1
Automobile
257.1
257.4
259.9
260.8
262.0
263.6
265.8
268.1
270.1
271.8
276.5
277.8
279.8
Revolving
257.8
260.3
262.7
264.0
265.9
267.2
268.2
272.5
274.2
276.8
279.0
283.7
287.0
Other 3
269.9
271.8
270.7
268.9
271.7
268.7
269.2
269.1
270.0
271.0
272.3
272.7
277.3
------------------------------------------------------------------------------------------------------------------------------------------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.

n.a.
n.a.
13.45
n.a.
Credit card plan
All accounts
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.

13.22
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
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Maturity (months)
53.6
53.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Amount financed (dollars)
14,315 13,975
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
------------------------------------------------------------------------------------------------------------------------------------------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
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ---------------------------------------------------------------------------------------------------------------------------------------------May r

June r

July r

Total
793.2
798.8

803.6

Aug. r Sept. r

812.9

Major holders
Commercial banks
369.2
370.9
375.4
379.3
Finance companies
108.5
110.6
112.2
111.0
Credit unions
94.3
95.4
96.1
98.1
Savings institutions
37.2
37.4
37.3
37.3
Nonfinancial business
64.4
64.6
65.1
66.1
Pools of securitized assets
119.6
120.0
117.5
121.1

821.8

383.6
111.0
98.9
37.2
66.6
5
124.5

802.4
828.2

796.5
838.6

792.0
863.9

787.7

793.9

365.5
385.8
118.3
111.6
89.4
99.3
37.4
37.4
70.3
67.5
121.5
126.5

365.3
391.7
117.1
113.7
90.9
100.1
37.1
37.6
66.9
69.9
119.2
125.6

363.2
399.7
113.6
116.5
91.8
101.6
37.0
37.9
64.2
77.2
122.1
131.1

362.7

366.3

112.6

113.2

91.4

93.5

36.8

37.0

63.4

63.8

120.8

120.2

Major types of credit 6
Automobile
262.0
265.1
267.1
271.2
274.3
Commercial banks
112.4
114.5
116.3
118.1
120.5
Finance companies
53.6
55.3
56.4
54.9
54.0
Pools of securitized assets 5
37.2
35.7
34.3
36.9
38.0

258.2
279.3
109.6
121.9
57.3
54.3
33.9
40.2

256.6
280.1
109.5
121.8
56.9
55.5
32.7
39.2

258.7
281.5
110.8
122.0
53.7
56.1
36.5
39.6

259.1

260.0

111.0

110.8

53.2

53.6

36.6

36.9

Revolving
263.6
265.2
268.9
272.4
276.1
Commercial banks
131.9
131.1
135.5
136.9
138.3
Nonfinancial business
40.3
40.5
41.0
41.8
42.3
Pools of securitized assets 5
71.1
72.8
71.8
73.1
75.1

271.6
278.1
133.0
138.8
44.5
43.1
74.9
75.3

265.5
285.5
130.1
143.6
42.0
44.9
74.1
75.7

262.2
302.2
128.5
149.9
40.0
50.1
74.2
80.2

260.7

262.2

128.8

130.4

39.4

39.8

73.0

72.0

Other
272.6
274.4
271.0
267.9
271.8
267.5
268.5
267.6
269.3
271.4
270.7
272.9
280.2
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
61.0
60.2
59.9
59.5
59.5
54.9
55.3
55.7
56.1
57.0
57.4
58.2
60.4
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
12.7
12.4
11.5
11.2
11.4
11.3
11.5
11.4
11.1
11.5
11.0
10.7
11.3
---------------------------------------------------------------------------------------------------------------------------------------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
For immediate release
1
June 11, 1996

CONSUMER CREDIT
December 1992

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------1991
1992
_______
__________________________________________________________________________________
_____________
Dec. r Jan. r Feb. r Mar. r Apr. r
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ------------------------------------------------------------------------------------------------------------------------------------------------Percent change at annual rate 2
Total
-0.2
0.7
0.1
0.5
-3.9
-0.6
-0.8
2.1
2.6
-0.7
0.8
1.8
3.1
Automobile
-0.3
10.5
-10.5
0.0
-1.9
-4.0
-9.1
3.4
1.3
-0.3
-7.2
-1.4
9.2
Revolving
5.4
5.7
4.3
0.7
4.4
3.4
9.5
-0.3
5.1
3.1
8.9
-0.3
13.2
Other 3
-5.1
-12.9
6.4
0.8
-13.2
-1.1
-2.5
3.1
1.6
-4.6
0.7
6.9
-12.0
May r

June r

July r

Aug. r Sept. r

Amount: billions of dollars
Total
781.1
781.6
781.7
782.0
779.5
779.1
778.5
779.9
781.6
781.1
781.6
782.8
784.9
Automobile
259.3
261.5
259.2
259.2
258.8
258.0
256.0
256.7
257.0
257.0
255.4
255.1
257.1
Revolving
245.8
247.0
247.9
248.0
248.9
249.6
251.6
251.5
252.6
253.2
255.1
255.0
257.8
Other 3
276.1
273.1
274.6
274.8
271.8
271.5
270.9
271.6
272.0
270.9
271.1
272.6
269.9
------------------------------------------------------------------------------------------------------------------------------------------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.
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
10.25
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
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
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ---------------------------------------------------------------------------------------------------------------------------------------------May r

June r

July r

Total
773.1
774.3

774.6

Major holders
Commercial banks
359.8
359.1
360.1
Finance companies

Aug. r Sept. r

780.8

783.0

360.8

360.4

797.4
781.5

788.1
786.1

780.4
802.4

776.4

774.4

372.4
359.3
121.7

369.1
360.2
119.1

364.2
365.5
121.0

361.3

361.3

119.1

118.8

116.7
117.2
117.6
118.2
Credit unions
88.8
88.3
89.2
90.1
Savings institutions
38.6
38.1
38.0
37.9
Nonfinancial business
60.7
60.7
60.7
61.7
Pools of securitized assets
108.7
110.9
109.1
112.1

117.7

61.7
5
115.0

117.3
90.3
90.9
42.2
36.7
67.3
63.2
103.5
114.1

117.7
89.6
91.9
41.4
36.8
63.5
64.0
105.5
115.6

118.3
89.3
89.4
40.5
37.4
60.9
70.3
104.6
121.5

Major types of credit 6
Automobile
256.5
255.3
255.9
258.2
259.4
Commercial banks
110.8
109.2
110.5
111.0
111.6
Finance companies
58.6
59.2
59.7
59.7
59.2
Pools of securitized assets 5
31.1
30.9
29.8
31.0
32.3

259.9
257.8
112.7
110.4
62.2
58.7
28.6
32.1

260.7
256.6
112.0
109.4
61.1
57.9
30.0
32.9

Revolving
246.3
248.7
248.4
251.0
252.4
Commercial banks
127.8
127.7
127.6
127.1
127.0
Nonfinancial business
37.3
37.5
37.6
38.4
38.6
Pools of securitized assets 5
65.1
67.3
66.8
68.9
70.0

258.9
254.0
138.0
127.1
41.7
39.9
63.4
69.4

252.1
256.5
133.9
127.7
38.9
40.2
63.4
70.1

90.7
37.5

89.5

88.7

39.3

38.7

59.9

60.3

107.3

106.6

258.1
258.2
111.4
109.6
60.9
57.3
29.0
33.9

257.7

257.2

111.6

110.9

59.7

60.8

30.6

29.3

247.4
271.6
130.7
133.0
37.1
44.5
63.8
74.9

245.0

245.5

128.4

128.4

36.4

36.9

64.5

64.5

Other
278.6
275.4
275.0
273.7
271.7
270.3
270.3
270.3
271.6
271.3
269.7
272.9
272.6
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
59.5
58.0
60.1
59.4
58.0
58.1
57.9
58.0
58.5
58.5
58.6
59.8
61.0
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
11.5
12.0
11.8
12.3
12.8
12.5
12.7
12.5
12.2
12.7
12.6
12.6
12.7
---------------------------------------------------------------------------------------------------------------------------------------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
For immediate release
1
June 11, 1996

CONSUMER CREDIT
December 1991

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------1990
1991
_______
__________________________________________________________________________________
_____________
Dec. r Jan. r Feb. r Mar. r Apr. r
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ------------------------------------------------------------------------------------------------------------------------------------------------Percent change at annual rate 2
Total
-6.4
-5.5
-1.4
0.7
0.2
0.3
-3.2
-2.7
-2.6
-2.3
-3.3
-3.1
-0.2
Automobile
-6.5
-10.3
-11.1
-8.5
-11.6
-14.0
-9.3
-10.6
-8.2
-6.2
-2.8
-9.4
-0.3
Revolving
-2.8
-2.4
17.9
23.4
8.9
10.3
5.5
6.5
10.0
13.3
11.5
5.4
5.4
Other 3
-9.2
-3.2
-6.9
-8.3
4.5
5.7
-4.6
-3.0
-7.8
-11.6
-16.3
-4.7
-5.1
May r

June r

July r

Aug. r Sept. r

Amount: billions of dollars
Total
792.6
790.5
788.7
787.0
Automobile
269.6
267.5
265.2
263.3
Revolving

785.5
262.0

796.4
783.3
282.4
261.4
223.3

792.8
781.3
280.0
259.3
222.9

791.9
781.1
277.4
259.3
226.2

792.3

792.4

275.5

272.8

230.6

232.3

234.3

235.4
236.7
238.7
241.3
243.6
244.7
245.8
Other 3
290.7
289.9
288.2
286.2
287.3
288.7
287.5
286.8
285.0
282.2
278.4
277.3
276.1
------------------------------------------------------------------------------------------------------------------------------------------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
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
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- -----------------------------------------------------------------------------------May r

June r

July r

Aug. r Sept. r

----------------------------------------------------------Total
786.9
786.6

811.1
783.2

798.6
784.1

790.4
797.4

786.6

787.4

387.0
368.1
133.4
123.4
91.6
88.8
49.6
43.9
71.9
60.9
77.6
98.2

380.9
367.0
131.3
122.5
90.3
88.5
49.4
43.4
67.8
62.7
78.9
100.0

378.3
372.4
128.9
121.7
89.2
90.3
49.4
42.2
64.5
67.3
80.1
103.5

374.1

375.4

126.9

127.5

88.5

88.5

49.7

48.5

63.3

62.7

84.2

84.7

Major types of credit 6
Automobile
268.2
267.0
264.7
264.7
264.4
Commercial banks
118.0
117.6
116.8
115.6
114.3
Finance companies
67.2
67.7
67.6
68.7
65.6
Pools of securitized assets 5
26.1
25.1
24.6
24.3
28.2

282.6
263.7
124.9
114.1
74.9
64.9
23.9
28.3

279.2
260.5
124.4
113.5
72.1
63.6
24.5
27.2

276.0
259.9
122.5
112.7
69.7
62.2
26.0
28.6

273.7

271.1

120.7

119.6

68.3

68.3

26.9

26.0

Revolving
231.2
232.8
233.9
237.3
240.3
Commercial banks
128.6
127.0
127.8
129.3
129.3
Nonfinancial business
37.2
36.8
36.7
37.6
36.7
Pools of securitized assets 5
50.9
54.6
54.8
55.6
59.1

235.3
242.3
133.4
131.3
44.9
36.7
44.6
58.9

227.6
246.0
127.1
130.5
42.2
38.0
45.2
61.9

225.8
258.9
127.3
138.0
39.7
41.7
45.0
63.4

227.7

229.2

126.5

128.2

38.8

38.3

47.7

48.1

784.2

786.8

Major holders
Commercial banks
374.1
372.6
372.6
372.6
Finance companies
127.8
127.6
127.4
129.0
Credit unions
88.4
88.5
88.1
88.9
Savings institutions
47.4
46.5
45.6
44.4
Nonfinancial business
61.7
61.2
60.8
62.0
Pools of securitized assets
87.5
90.2
89.6
90.0

787.0

370.4
124.5
89.2
43.4
60.9
5
98.5

Other
293.1
291.9
288.6
285.3
287.1
287.5
286.8
285.6
284.8
282.4
277.3
277.6
278.6
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
58.5
59.2
59.2
58.7
59.2
60.6
59.9
59.8
60.3
58.9
58.6
58.9
59.5
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
9.1
9.2
9.2
9.5
10.6
10.4
10.5
10.3
10.1
11.1
11.0
10.9
11.5
---------------------------------------------------------------------------------------------------------------------------------------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
For immediate release
1
June 11, 1996

CONSUMER CREDIT
December 1990

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------1989
1990
_______
__________________________________________________________________________________
_____________
Dec. r Jan. r Feb. r Mar. r Apr. r
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ------------------------------------------------------------------------------------------------------------------------------------------------Percent change at annual rate 2
Total
6.9
3.8
2.4
1.4
0.9
2.6
6.6
3.3
2.2
1.4
3.8
-0.1
-6.4
Automobile
-2.7
-1.1
-0.6
-2.6
-1.5
0.7
-1.1
-0.6
-8.0
-3.9
-5.0
-5.8
-6.5
Revolving
23.4
11.2
15.6
5.4
11.6
19.2
12.4
21.2
14.6
11.5
6.7
15.3
-2.8
May r

June r

July r

Aug. r Sept. r

-7.3

Other 3
10.2
-5.6

3.2

-0.8

5.4
10.3

3.7
-6.2

-3.6
-9.2

2.7

-4.2

Amount: billions of dollars
Total
781.9
784.4
786.0
787.0
787.5
789.2
793.6
795.8
797.3
798.2
800.8
800.7
796.4
Automobile
291.0
290.8
290.6
290.0
289.6
289.8
289.5
289.4
287.4
286.5
285.3
284.0
282.4
Revolving
198.6
200.4
203.0
203.9
205.9
209.2
211.4
215.1
217.7
219.8
221.0
223.8
223.3
Other 3
292.3
293.3
292.4
293.0
292.0
290.2
292.7
291.3
292.1
291.9
294.4
292.9
290.7
------------------------------------------------------------------------------------------------------------------------------------------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.
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
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
------------------------------------------------------------------------------------------------------------------------------------------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. r Jan. r Feb. r Mar. r Apr. r
Oct. r Nov. r Dec. r
------- ------- ------- ------- ------------- ------- ------- ------- ------- ------- ------- ---------------------------------------------------------------------------------------------------------------------------------------------May r

June r

July r

Total
784.0
790.2

792.1

Aug. r Sept. r

795.0
800.9

789.5
803.3

783.9
811.1

780.7

782.5

385.1
385.6
138.9
139.2
91.7
91.8
62.5
51.8
69.6
63.7
47.3
68.7

385.1
385.6
138.7
136.4
91.1
91.6
61.0
51.7
66.5
65.3
47.1
72.8

380.8
387.0
137.0
133.4
90.5
91.6
60.4
49.6
63.8
71.9
51.3
77.6

377.1

379.5

135.8

136.1

90.0

90.1

60.4

59.7

63.5

63.3

53.9

54.0

Major types of credit 6
Automobile
288.3
289.2
289.3
289.3
289.4
Commercial banks
126.8
126.9
126.5
127.6
128.3
Finance companies
80.5
79.8
80.1
79.2
79.9
Pools of securitized assets 5
19.5
21.0
21.4
21.3
20.7

290.9
287.8
126.3
127.2
84.1
79.9
17.6
20.3

289.8
285.2
126.9
125.6
83.3
76.4
17.3
22.8

288.6
282.6
126.8
124.9
81.6
74.9
18.3
23.9

287.5

287.4

125.8

126.2

81.0

80.8

19.0

18.8

Revolving
206.5
209.3
212.6
216.5
218.7
Commercial banks
125.6
122.5
125.2
126.7
127.4
Nonfinancial business
39.1
39.5
39.2
40.2
39.8
Pools of securitized assets 5
29.8
35.4
36.2
37.7
39.6

209.3
219.6
130.8
127.4
43.5
39.2
22.6
40.9

204.7
224.9
128.5
129.8
41.3
40.2
22.9
42.5

202.7
235.3
125.2
133.4
39.4
44.9
26.2
44.6

201.3

203.2

122.3

124.3

39.2

38.9

28.0

28.2

798.0

Major holders
Commercial banks
379.5
378.8
379.2
382.7
Finance companies
136.2
136.4
137.4
137.7
Credit unions
90.3
90.4
90.8
91.7
Savings institutions
58.1
57.1
56.4
54.8
Nonfinancial business
63.6
63.9
63.6
64.8
Pools of securitized assets
56.3
63.6
64.8
66.3

800.1

384.4
138.8
91.6
53.1
64.3
5
67.8

Other
294.8
295.0
292.6
291.9
291.9
289.3
291.7
290.2
292.1
291.9
293.5
293.3
293.1
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
54.7
55.4
55.4
54.8
55.2
55.8
56.6
57.3
58.5
58.9
59.3
60.0
58.5
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
7.2
7.2
7.3
7.5
7.6
7.5
9.1
------------------------------------------------------------------------------

----------------------------------------------------------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.