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Consumer Credit Outstanding and Finance Rates, 1980 to 2000

(dollar figures are in billions of dollars)

Type of Credit	1980	1985	1990	1994	1995	1996	1997	1998	1999	2000
Total¹	$349.40	$593.20	$789.30	$960.70	$1,096.00	$1,182.40	$1,234.50	$1,301.00	$1,393.70	$1,531.50
Revolving	55.10	124.70	238.60	365.60	443.20	499.40	531.20	560.50	595.60	663.80
Nonrevolving²	294.30	468.50	550.70	595.10	652.80	683.10	703.30	740.50	798.00	867.60
Finance Rates (%)
Commercial Banks:
New automobiles (48 mos.)³	14.32%	12.91%	11.78%	8.12%	9.57%	9.05%	9.02%	8.72%	8.44%	9.34%
Other consumer goods (24 mos.)	15.48	15.94	15.46	13.19	13.94	13.54	13.9	13.74	13.39	13.90
Credit-card plans	17.31	18.69	18.17	16.04	15.90	15.63	15.77	15.71	15.21	15.71
Finance Companies:
New automobiles	14.82	11.98	12.54	9.79	11.19	9.83	7.12	6.30	6.66	6.61
Used automobiles	19.10	17.58	15.99	13.49	14.48	13.53	13.27	12.64	12.60	13.55

NOTE: Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate. Estimated amounts of seasonally adjusted credit outstanding as of end of year; finance rates, annual averages.

1. Billions of dollars, 349.40 represents $349,400,000,000.

2. Comprises automobile 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.

3. For 1980, maturities were 36 months for new car loans.

Source: Board of Governors of the Federal Reserve System, Federal Reserve Bulletin, monthly; Statistical Abstract of the U.S., 2001; www.census.gov/prod/2002pubs/01statab/banking.pdf .

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