[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b73._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-73.--Consumer credit outstanding, 1955-95
[Amount outstanding (end of month); billions of dollars, seasonally adjusted]
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Installment credit \1\
Year and month                       Total consumer ---------------------------------------------------------------- Noninstallment
credit           Total        Automobile     Revolving \2\     Other \3\      credit \4\
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December:
1955..................................................            41.9            29.8            13.5  ..............            16.3            12.1
1956..................................................            45.5            32.7            14.5  ..............            18.2            12.8
1957..................................................            48.1            34.9            15.5  ..............            19.4            13.2
1958..................................................            48.4            34.7            14.3  ..............            20.5            13.6
1959..................................................            55.9            40.4            16.6  ..............            23.8            15.5

1960..................................................            60.0            44.3            18.1  ..............            26.2            15.7
1961..................................................            62.3            45.4            17.7  ..............            27.8            16.9
1962..................................................            68.2            50.4            20.0  ..............            30.4            17.9
1963..................................................            76.6            57.1            22.9  ..............            34.2            19.6
1964..................................................            86.0            64.7            25.9  ..............            38.8            21.3
1965..................................................            95.9            72.8            29.4  ..............            43.4            23.1
1966..................................................           101.8            78.2            31.0  ..............            47.1            23.7
1967..................................................           106.7            81.8            31.1  ..............            50.6            24.9
1968..................................................           117.2            90.1            34.4             2.0            53.7            27.1
1969..................................................           126.9            99.4            36.9             3.6            58.9            27.5

1970..................................................           131.6           103.9            36.3             4.9            62.7            27.7
1971..................................................           147.1           116.4            40.5             8.3            67.7            30.6
1972..................................................           166.0           131.3            47.8             9.4            74.0            34.8
1973..................................................           190.6           152.9            53.7            11.3            87.9            37.7
1974..................................................           199.4           162.2            54.2            13.2            94.7            37.2
1975..................................................           205.0           167.0            57.0            14.5            95.5            37.9
1976..................................................           228.2           187.8            66.8            16.6           104.4            40.4
1977..................................................           263.8           221.5            80.9            36.7           103.8            42.3
1978..................................................           308.3           262.0            98.7            45.2           118.0            46.3
1979..................................................           347.5           296.5           112.5            53.4           130.7            51.0

1980..................................................           350.3           298.2           112.0            55.1           131.1            52.1
1981..................................................           366.9           311.3           119.0            61.1           131.2            55.6
1982..................................................           383.1           325.8           125.9            66.5           133.4            57.3
1983..................................................           431.2           369.0           143.6            79.1           146.3            62.2
1984..................................................           511.3           442.6           173.6           100.3           168.8            68.7
1985..................................................           591.3           517.7           210.2           121.8           185.7            73.6
1986..................................................           648.0           572.0           247.8           135.8           188.4            76.0
1987..................................................           680.0           608.7           266.3           153.1           189.3            71.4
1988 \5\..............................................           729.1           662.6           285.4           174.3           202.9            66.6
1989..................................................           782.1           717.2           291.5           199.2           226.5            64.9

1990..................................................           797.3           734.9           283.1           223.5           228.3            62.4
1991..................................................           781.0           728.4           259.6           245.3           223.5            52.6
1992..................................................           786.4           730.8           257.4           258.1           215.3            55.6
1993..................................................           843.3           790.4           280.6           286.6           223.2            53.0
1994..................................................           961.1           902.9           317.2           334.5           251.1            58.3
1995 p................................................         1,087.8         1,022.9           353.1           394.8           275.1            64.9

1994: Jan...............................................           848.9           795.9           282.7           288.5           224.7            53.0
Feb...............................................           854.7           800.3           283.2           291.4           225.7            54.4
Mar...............................................           865.4           811.1           287.1           295.8           228.2            54.3
Apr...............................................           876.0           821.2           290.8           300.4           230.0            54.8
May...............................................           886.4           832.2           294.9           304.5           232.8            54.3
June..............................................           896.5           842.3           298.9           308.3           235.1            54.2

July..............................................           904.1           849.9           300.6           312.7           236.6            54.2
Aug...............................................           917.1           863.5           304.3           319.7           239.5            53.6
Sept..............................................           928.2           873.6           308.7           322.0           242.9            54.6
Oct...............................................           941.7           882.2           311.2           324.7           246.4            59.5
Nov...............................................           952.3           895.6           315.2           332.4           248.0            56.7
Dec...............................................           961.1           902.9           317.2           334.5           251.1            58.3

1995: Jan...............................................           973.1           914.4           319.3           340.2           254.9            58.7
Feb...............................................           979.0           918.9           321.0           345.1           252.8            60.1
Mar...............................................           994.6           933.0           323.3           351.5           258.2            61.6
Apr...............................................         1,007.3           946.3           326.2           358.7           261.4            61.0
May...............................................         1,020.3           959.1           328.0           366.1           265.0            61.2
June..............................................         1,032.3           970.6           330.7           372.3           267.5            61.7

July..............................................         1,042.8           979.4           337.1           375.3           267.0            63.4
Aug...............................................         1,052.9           989.7           339.8           379.7           270.3            63.2
Sept..............................................         1,059.6           993.8           341.2           382.1           270.6            65.8
Oct...............................................         1,068.7         1,005.2           344.7           387.2           273.3            63.5
Nov...............................................         1,077.9         1,015.0           349.1           390.1           275.8            62.9
Dec p.............................................         1,087.8         1,022.9           353.1           394.8           275.1            64.9
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\1\ Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels, usually to finance the
purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to be repaid (or with the option of repayment)
in two or more installments. Credit secured by real estate is excluded.
\2\ Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Excludes 30-day charge credit
held by travel and entertainment companies. Prior to 1968, included in ``other,'' except gasoline companies included in noninstallment credit prior to
1971. Beginning 1977, includes open-end credit at retailers, previously included in ``other.'' Also beginning 1977, some retail credit was
reclassified from commercial into consumer credit.
\3\ Includes mobile home loans and all other installment loans not included in automobile or revolving credit, such as loans for education, boats,
trailers, or vacations. These loans may be secured or unsecured.
\4\ Noninstallment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and service credit. Because
of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Board on a regular basis. Data are
shown here as a general indication of trends.
\5\ Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.

Source: Board of Governors of the Federal Reserve System.