G.19
CONSUMER CREDIT
For release at 3 p.m. (Eastern Time)
November 2009
January 8, 2010
Consumer credit decreased at an annual rate of 8-1/2 percent in November. Revolving credit decreased at an annual rate of 18-1/2 percent, and nonrevolving credit decreased at an annual rate of 3 percent.
CONSUMER CREDIT OUTSTANDING1
Seasonally adjusted
2008
2009
2004
2005
2006
2007
2008
Q3
Q4
Q1
Q2
Q3
r
Sep
r
Oct
r
Nov
p
Percent change at annual rate2
Total
5.6
4.5
4.1
5.6
1.6
0.6
-3.0
-3.5
-4.8
-3.3
-4.3
-2.0
-8.5
Revolving
4.1
3.8
5.0
7.8
1.9
3.3
-7.3
-9.6
-9.7
-7.3
-10.5
-9.9
-18.5
Nonrevolving3
6.4
4.9
3.6
4.4
1.4
-1.0
-0.4
0.2
-1.9
-1.0
-0.7
2.4
-2.9
Amount: billions of dollars
Total
2,191.5 2,291.0 2,384.8 2,519.5 2,559.1 2,578.3 2,559.1 2,537.0 2,506.8 2,486.3 2,486.3 2,482.1 2,464.6
Revolving
799.2
829.8
871.3
939.6
957.3
975.2
957.3
934.3
911.7
895.0
895.0
887.7
874.0
Nonrevolving3
1,392.3 1,461.2 1,513.5 1,579.9 1,601.8 1,603.2 1,601.8 1,602.7 1,595.1 1,591.2 1,591.2 1,594.4 1,590.6
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
6.60
7.07
7.72
7.77
7.02
6.92
7.06
6.92
6.79
6.61
n.a.
n.a.
6.55
24-mo. personal
11.89
12.06
12.41
12.38
11.37
11.48
11.44
11.05
11.25
10.89
n.a.
n.a.
11.20
Credit card plan
All accounts
12.72
12.51
13.21
13.30
12.08
11.94
12.03
12.97
13.32
13.71
n.a.
n.a.
13.59
Accounts assessed interest
13.22
14.55
14.73
14.68
13.57
13.64
13.36
13.54
14.43
14.90
n.a.
n.a.
14.37
New car loans at auto finance companies
Interest Rates
4.92
6.02
4.99
4.87
5.52
4.87
7.09
4.71
3.45
3.66
3.50
3.42
3.73
Maturity (months)
60.7
60.0
63.0
62.0
63.4
65.4
62.3
59.3
62.1
62.7
63.6
64.4
63.4
Loan-to-Value Ratio
89
88
94
95
91
89
86
87
92
90
91
93
91