Consumer Credit Outstanding and Finance Rates, 1980 to 2000

(dollar figures are in billions of dollars)

Type of Credit1980198519901994199519961997199819992000
Finance Rates (%)
Commercial Banks:
New automobiles (48 mos.)314.32%12.91%11.78%8.12%9.57%9.05%9.02%8.72%8.44%9.34%
Other consumer goods (24 mos.)15.4815.9415.4613.1913.9413.5413.913.7413.3913.90
Credit-card plans17.3118.6918.1716.0415.9015.6315.7715.7115.2115.71
Finance Companies:
New automobiles14.8211.9812.549.7911.199.837.126.306.666.61
Used automobiles19.1017.5815.9913.4914.4813.5313.2712.6412.6013.55
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; .

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