G.19
CONSUMER CREDIT
For release at 3 p.m. (Eastern Time)
December 2009
February 5, 2010
Consumer credit decreased at an annual rate of 4-3/4 percent in the fourth quarter of 2009. Revolving credit decreased at an annual rate of 13 percent, and nonrevolving credit was unchanged on net. In December,
consumer credit decreased at an annual rate of 3/4 percent.
CONSUMER CREDIT OUTSTANDING1
Seasonally adjusted
2008
2009
2005
2006
2007
2008
2009
p
Q4
Q1
Q2
Q3
r
Q4
p
Oct
r
Nov
r
Dec
p
Percent change at annual rate2
Total
4.5
4.1
5.6
1.6
-4.0
-3.0
-3.5
-4.8
-3.3
-4.7
-2.7
-10.6
-0.8
Revolving
3.8
5.0
7.8
1.9
-9.5
-7.3
-9.6
-9.7
-7.3
-13.0
-9.1
-18.6
-11.7
Nonrevolving3
4.9
3.6
4.4
1.4
-0.7
-0.4
0.2
-1.9
-1.0
0.0
0.8
-6.1
5.2
Amount: billions of dollars
Total
2,291.0 2,384.8 2,519.5 2,559.1 2,456.8 2,559.1 2,537.0 2,506.8 2,486.1 2,456.8 2,480.4 2,458.6 2,456.8
Revolving
829.8
871.3
939.6
957.3
866.0
957.3
934.3
911.7
895.0
866.0
888.3
874.5
866.0
Nonrevolving3
1,461.2 1,513.5 1,579.9 1,601.8 1,590.9 1,601.8 1,602.7 1,595.1 1,591.0 1,590.9 1,592.1 1,584.1 1,590.9
TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES4
Percent except as noted: not seasonally adjusted
Institution, terms, and type of loan
Commercial banks
Interest rates
48-mo. new car
7.07
7.72
7.77
7.02
6.72
7.06
6.92
6.79
6.61
6.55
n.a.
6.55
n.a.
24-mo. personal
12.06
12.41
12.38
11.37
11.10
11.44
11.05
11.25
10.89
11.20
n.a.
11.20
n.a.
Credit card plan
All accounts
12.51
13.21
13.30
12.08
13.40
12.03
12.97
13.32
13.71
13.59
n.a.
13.59
n.a.
Accounts assessed interest
14.55
14.73
14.68
13.57
14.31
13.36
13.54
14.43
14.90
14.37
n.a.
14.37
n.a.
New car loans at auto finance companies
Interest Rates
6.02
4.99
4.87
5.52
3.82
7.09
4.71
3.45
3.66
3.47
3.42
3.73
3.26
Maturity (months)
60.0
63.0
62.0
63.4
62.0
62.3
59.3
62.1
62.7
63.9
64.4
63.4
64.0