Consumer Credit – G.19

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Consumer Credit – G.19

Current Release PDF Data Download

July 2020

In July, consumer credit increased at a seasonally adjusted annual rate of 3-1/2 percent. Revolving credit decreased at an annual rate of 1/2 percent, while nonrevolving credit increased at an annual rate of 4-3/4 percent.

Consumer Credit Outstanding 1

Seasonally adjusted. Billions of dollars except as noted.Make Full Screen

20192020
20152016201720182019Q2Q3Q4Q1rQ2rMayrJunrJulp
Total percent change (annual rate)27.16.85.34.84.64.44.94.11.0-6.6-4.23.33.6
Revolving5.76.96.03.63.84.64.33.4-7.6-30.8-27.9-2.2-0.4
Nonrevolving 37.66.85.15.24.94.35.04.34.01.83.55.14.8
Total flow (annual rate)2,4235.0230.1192.3181.5182.4177.2198.4169.941.2-275.9-174.9136.7147.0
Revolving50.761.757.736.839.649.046.337.1-83.4-332.4-284.4-21.5-3.5
Nonrevolving 3184.3168.4134.5144.7142.8128.2152.1132.8124.656.5109.6158.2150.5
Total outstanding3,390.63,620.83,813.03,998.14,180.64,088.54,138.14,180.64,195.64,126.64,115.24,126.64,138.9
Revolving898.7960.31,018.11,054.61,094.21,073.41,084.91,094.21,078.1995.0996.8995.0994.7
Nonrevolving 32,492.02,660.42,795.02,943.63,086.43,015.13,053.23,086.43,117.53,131.63,118.53,131.63,144.2
Terms of CreditNot seasonally adjusted. Percent except as noted.
Commercial bank interest rates 5
New car loans
48-month4.194.304.615.035.395.355.275.455.295.135.13n.a.n.a.
60-month4.204.144.335.025.315.365.275.375.155.145.14n.a.n.a.
Credit card plans
All accounts12.0912.3512.8914.2215.0515.1315.1014.8715.0914.5214.52n.a.n.a.
Accounts assessed interest13.6613.5614.4416.0416.9817.1416.9716.8816.6115.7815.78n.a.n.a.
Personal loans
24-month9.759.6910.1310.3210.3210.6310.0710.219.639.509.50n.a.n.a.
Finance companies (new car loans)6
Interest rates5.15.15.46.16.46.76.46.16.14.8n.a.4.8n.a.
Maturity (months)65666766676666676871n.a.71n.a.
Amount financed (dollars)27,47228,60129,28830,17331,31131,17131,51431,69232,72436,675n.a.36,675n.a.
Consumer Credit Outstanding (Levels) 1

Not seasonally adjusted. Billions of dollars.Make Full Screen

20192020
20152016201720182019Q2Q3Q4Q1Q2rMayrJunrJulp
Total3,390.63,620.83,813.03,998.14,180.64,040.94,117.34,180.64,139.94,079.14,071.14,079.14,091.3
Major holders
Depository institutions1,454.61,562.61,633.21,687.41,774.01,688.41,719.41,774.01,712.61,646.91,642.71,646.91,650.6
Finance companies561.3548.4541.3534.4537.6533.3536.0537.6528.4534.3533.3534.3538.9
Credit unions342.3380.3418.4469.2482.4472.8483.6482.4483.3478.1476.0478.1480.4
Federal government 7949.71,049.31,145.61,236.31,319.21,278.31,311.01,319.21,350.61,355.41,354.61,355.41,357.2
Nonprofit and educational institutions 844.941.335.131.327.729.328.427.726.525.725.825.725.6
Nonfinancial business37.838.939.439.639.638.738.939.638.538.738.738.738.7
Major types of credit, by holder
Revolving898.7960.31,018.11,054.61,094.21,032.21,045.11,094.21,022.8953.8954.4953.8952.6
Depository institutions801.8859.5912.0946.8983.1924.2936.7983.1919.1853.9854.6853.9853.1
Finance companies25.725.526.623.721.923.823.421.919.118.318.618.318.3
Credit unions49.453.158.462.667.863.764.467.864.361.160.861.160.7
Federal government 7
Nonprofit and educational institutions 8
Nonfinancial business21.722.221.121.421.420.620.621.420.320.620.520.620.6
Nonrevolving2,492.02,660.42,795.02,943.63,086.43,008.73,072.33,086.43,117.13,125.23,116.63,125.23,138.7
Depository institutions652.8703.0721.2740.5790.8764.2782.7790.8793.5793.0788.1793.0797.5
Finance companies535.6522.8514.7510.7515.8509.6512.6515.8509.3516.1514.7516.1520.6
Credit unions292.9327.2360.0406.6414.7409.1419.2414.7419.0417.0415.3417.0419.7
Federal government 7949.71,049.31,145.61,236.31,319.21,278.31,311.01,319.21,350.61,355.41,354.61,355.41,357.2
Nonprofit and educational institutions 844.941.335.131.327.729.328.427.726.525.725.825.725.6
Nonfinancial business16.116.718.318.218.218.118.318.218.218.118.218.118.1
Memo
Student Loans 91,320.21,408.01,492.51,575.61,648.71,612.81,645.91,648.71,674.51,676.7n.a.1,676.7n.a.
Motor Vehicle Loans 10993.21,065.11,104.61,142.71,187.01,161.91,180.51,187.01,187.11,198.3n.a.1,198.3n.a.
Consumer Credit Outstanding (Flows) 1

Not seasonally adjusted. Billions of dollars, annual rate.Make Full Screen

20192020
20152016201720182019Q2Q3Q4Q1Q2rMayrJunrJulp
Total235.0230.1192.3181.5182.4209.7305.6252.9-181.4-243.3-65.996.3147.1
Major holders
Depository institutions97.7107.970.650.686.6156.8124.0218.3-264.3-262.8-154.749.845.0
Finance companies-2.4-13.0-7.1-6.93.215.810.76.4-36.823.663.112.754.7
Credit unions39.538.038.150.813.25.043.1-4.73.3-20.7-5.124.727.0
Federal government 7103.499.696.390.783.035.1130.633.0125.419.229.59.921.5
Nonprofit and educational institutions 8-2.7-3.6-6.2-3.9-3.6-3.8-3.6-3.1-4.5-3.4-0.8-0.9-1.1
Nonfinancial business-0.51.20.50.20.00.90.82.9-4.60.92.20.1-0.1
Major types of credit, by holder
Revolving50.761.757.736.839.6105.551.5196.5-304.4-275.8-160.3-7.2-14.4
Depository institutions51.857.752.535.136.388.450.2185.7-275.0-260.7-149.1-8.3-9.3
Finance companies-5.4-0.21.1-2.9-1.97.3-1.5-6.1-11.0-3.4-3.4-3.50.3
Credit unions2.63.65.34.25.28.72.713.5-13.8-12.9-10.24.2-5.3
Federal government 7
Nonprofit and educational institutions 8
Nonfinancial business1.60.5-1.10.30.01.10.23.4-4.71.12.40.40.0
Nonrevolving184.3168.4134.5144.7142.8104.2254.156.4123.032.594.4103.6161.4
Depository institutions45.950.218.215.450.368.373.832.610.7-2.1-5.658.154.4
Finance companies2.9-12.8-8.1-4.15.18.512.312.5-25.826.966.516.254.5
Credit unions36.934.332.846.68.1-3.740.4-18.217.1-7.85.120.532.3
Federal government 7103.499.696.390.783.035.1130.633.0125.419.229.59.921.5
Nonprofit and educational institutions 8-2.7-3.6-6.2-3.9-3.6-3.8-3.6-3.1-4.5-3.4-0.8-0.9-1.1
Nonfinancial business-2.10.71.6-0.20.0-0.20.7-0.50.1-0.2-0.2-0.3-0.1
Memo
Student Loans 984.587.784.583.173.223.9132.311.2103.28.8n.a.8.8n.a.
Motor Vehicle Loans 1079.271.939.534.244.348.574.325.80.544.6n.a.44.6n.a.

*This release is generally issued on the fifth business day of each month. See the Statistical Release Schedule for more information.

Footnotes

  1. Covers most credit extended to individuals, excluding loans secured by real estate. Includes receivables carried on the balance sheet of the institution as well as outstanding balances of pools upon which securities have been issued; under the current accounting rule, most of those balances remain on the balance sheets of the loan originator.
  2. The series for consumer credit outstanding and its components may contain breaks that result from discontinuities in source data. Percent changes are adjusted to exclude the effect of such breaks. In addition, percent changes are at a simple annual rate and are calculated from unrounded data.
  3. Includes motor vehicle loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations. These loans may be secured or unsecured.
  4. Flow data represent changes in the level of credit due to economic and financial activity, and exclude breaks in the data series due to changes in methodology, source data, and other technical aspects of the estimation that could affect the level of credit.
  5. 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).
  6. Covers most of the captive and non-captive finance companies. The series of finance company new car loan terms included in previous releases are discontinued. They remain available from the Data Download Program.
  7. Includes student loans originated by the Department of Education under the Federal Direct Loan Program and the Perkins Loan Program, as well as Federal Family Education Program loans that the government purchased under the Ensuring Continued Access to Student Loans Act.
  8. Includes student loans originated under the Federal Family Education Loan Program and held by educational institutions and nonprofit organizations.
  9. Includes student loans originated under the Federal Family Education Loan Program and the Direct Loan Program; Perkins loans; and private student loans without government guarantees. This memo item includes loan balances that are not included in the nonrevolving credit balances. For additional information, see public documentation. Data for this memo item are released for each quarter-end month.
  10. Includes motor vehicle loans owned and securitized by depository institutions, finance companies, credit unions, and nonfinancial business. Includes loans for passenger cars and other vehicles such as minivans, vans, sport-utility vehicles, pickup trucks, and similar light trucks for personal use. Loans for boats, motorcycles and recreational vehicles are not included. Data for this memo item are released for each quarter-end month.
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