In July, total consumer credit decreased at a seasonally adjusted annual rate of 1-1/2 percent. Revolving credit decreased at an annual rate 6-3/4 percent, and nonrevolving credit increased at an annnual rate of 1 percent.

Consumer Credit Outstanding 1 Seasonally adjusted. Billions of dollars except as noted. Year Quarter Month 2011 2012 2007 2008 2009 2010r 2011r Q2r Q3r Q4r Q1r Q2r Mayr Junr Julp Total percent change (annual rate) 2 5.9 0.8 -4.5 -1.3 3.4 3.0 1.9 5.9 5.7 6.2 8.7 5.3 -1.5 Revolving 8.5 0.2 -8.8 -7.4 0.2 0.9 -1.2 1.8 0.6 1.3 13.8 -4.5 -6.8 Nonrevolving 3 4.3 1.2 -1.8 2.5 5.0 4.1 3.4 7.8 8.1 8.6 6.3 9.8 1.0 Total flow (annual rate) 2,4 141.3 20.1 -115.8 -30.5 86.4 77.9 48.2 151.9 148.8 166.4 232.0 141.9 -39.3 Revolving 78.7 2.2 -88.4 -68.1 1.3 7.2 -10.1 15.0 5.4 11.0 117.4 -39.0 -57.9 Nonrevolving 3 62.6 17.9 -27.4 37.6 85.1 70.7 58.3 136.9 143.4 155.4 114.6 180.9 18.6 Total outstanding 2,528.8 2,548.9 2,438.8 2,545.3 2,631.7 2,581.7 2,593.7 2,631.7 2,668.9 2,708.5 2,698.7 2,708.5 2,705.2 Revolving 1,008.1 1,010.3 921.9 850.2 851.4 850.2 847.7 851.4 852.8 855.5 858.8 855.5 850.7 Nonrevolving 3 1,520.6 1,538.6 1,517.0 1,695.1 1,780.3 1,731.5 1,746.0 1,780.3 1,816.1 1,852.9 1,839.9 1,852.9 1,854.5 Terms of Credit 5 Not seasonally adjusted. Percent except as noted. Commercial banks Interest rates 48-mo. new car 7.77 7.02 6.72 6.21 5.73 5.79 5.89 5.40 5.07 4.87 4.87 n.a. n.a. 24-mo. personal 12.38 11.37 11.10 10.87 10.88 11.37 10.80 10.36 10.88 10.94 10.94 n.a. n.a. Credit card plans All accounts 13.30 12.08 13.40 13.78 12.74 12.89 12.28 12.36 12.34 12.06 12.06 n.a. n.a. Accounts assessed interest 14.68 13.57 14.31 14.26 13.09 13.06 13.08 12.78 13.04 12.76 12.76 n.a. n.a. Finance companies (new car loans)6 Interest rates 4.87 5.52 3.82 4.26 4.73 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 62.0 63.4 62.0 63.0 62.3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 95 91 90 86 80 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 28,287 26,178 28,272 27,959 26,673 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

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Consumer Credit Outstanding (Levels) 1 (Billions of dollars)

Not seasonally adjusted Year Quarter Month 2011 2012 2007 2008 2009 2010r 2011r Q2r Q3r Q4r Q1r Q2r Mayr Junr Julp Total 2,528.8 2,548.9 2,438.8 2,545.3 2,631.7 2,534.2 2,578.6 2,631.7 2,619.0 2,661.1 2,651.5 2,661.1 2,664.4 Major holders Depository institutions 894.9 965.0 906.3 1,185.5 1,192.6 1,159.8 1,163.1 1,192.6 1,155.7 1,174.5 1,174.8 1,174.5 1,176.2 Finance companies 572.1 554.3 471.9 708.4 690.6 686.2 687.1 690.6 682.3 678.1 677.5 678.1 676.7 Credit unions 236.6 236.2 237.1 226.5 223.0 220.9 223.9 223.0 223.0 230.3 229.4 230.3 233.1 Federal government 7 93.0 104.3 178.6 308.8 417.4 362.4 398.5 417.4 452.6 470.7 464.9 470.7 471.8 Nonfinancial business 59.3 56.3 51.7 53.1 53.1 51.7 52.2 53.1 51.5 51.7 51.5 51.7 51.8 Pools of securitized assets 8,9 673.0 632.9 593.3 63.0 55.0 53.3 53.8 55.0 54.0 55.9 53.4 55.9 54.9 Major types of credit, by holder Revolving 1,008.1 1,010.3 921.9 850.2 851.4 810.5 815.9 851.4 806.4 815.8 815.5 815.8 815.4 Depository institutions 398.2 430.1 373.9 664.7 663.9 632.6 636.3 663.9 628.0 645.6 645.1 645.6 645.6 Finance companies 77.3 62.0 38.3 85.0 87.1 82.6 83.2 87.1 80.6 72.6 73.2 72.6 72.4 Credit unions 31.1 33.4 35.4 36.3 37.9 35.8 36.3 37.9 36.4 37.4 37.2 37.4 37.4 Federal government 7 ... ... ... ... ... ... ... ... ... ... ... ... ... Nonfinancial business 36.1 34.7 32.3 32.8 32.8 31.4 31.7 32.8 31.2 31.4 31.3 31.4 31.6 Pools of securitized assets 8,9 465.5 450.0 441.9 31.4 29.8 28.1 28.4 29.8 30.2 28.9 28.8 28.9 28.5 Nonrevolving 1,520.6 1,538.6 1,517.0 1,695.1 1,780.3 1,723.7 1,762.7 1,780.3 1,812.6 1,845.2 1,836.0 1,845.2 1,849.0 Depository institutions 496.7 534.8 532.3 520.8 528.7 527.1 526.8 528.7 527.6 528.9 529.7 528.9 530.6 Finance companies 494.8 492.2 433.6 623.5 603.5 603.7 603.9 603.5 601.7 605.5 604.3 605.5 604.3 Credit unions 205.5 202.8 201.7 190.1 185.1 185.1 187.6 185.1 186.6 193.0 192.2 193.0 195.7 Federal government 7 93.0 104.3 178.6 308.8 417.4 362.4 398.5 417.4 452.6 470.7 464.9 470.7 471.8 Nonfinancial business 23.2 21.6 19.4 20.3 20.3 20.2 20.5 20.3 20.3 20.2 20.3 20.2 20.3 Pools of securitized assets 8,9 207.5 182.9 151.4 31.7 25.2 25.2 25.4 25.2 23.8 27.0 24.6 27.0 26.4

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Consumer Credit Outstanding (Flows) 1 (Billions of dollars; annual rate)

Not seasonally adjusted Year Quarter Month 2011 2012 2007 2008 2009 2010r 2011r Q2r Q3r Q4r Q1r Q2r Mayr Junr Julp Total 141.3 20.1 -115.8 -30.5 86.4 87.6 177.2 212.6 -50.7 176.1 227.6 139.2 40.4 Major holders Depository institutions 58.1 70.1 -64.5 -70.3 7.1 64.7 13.1 118.1 -147.6 83.2 227.7 19.9 20.4 Finance companies 40.2 -17.9 -82.4 -27.0 -17.8 -31.6 3.6 13.8 -33.1 -17.0 -80.8 7.3 -16.9 Credit unions 0.5 -0.4 0.9 -10.7 -3.4 10.9 12.2 -3.5 0.1 29.1 19.7 11.4 33.8 Federal government 7 6.0 11.3 74.3 130.2 108.7 59.7 144.2 75.7 140.6 72.4 74.3 69.7 12.9 Nonfinancial business 2.2 -3.0 -4.6 -2.3 0.0 0.8 2.2 3.5 -6.5 0.8 -0.4 1.6 2.1 Pools of securitized assets 8,9 34.1 -40.1 -39.6 -50.4 -8.0 -16.8 2.0 5.0 -4.2 7.6 -13.0 29.4 -11.9 Major types of credit, by holder Revolving 78.7 2.2 -88.4 -68.1 1.3 33.9 21.4 142.3 -180.1 37.7 108.5 4.1 -5.2 Depository institutions 28.4 31.9 -56.2 -34.4 -0.8 31.1 14.6 110.5 -143.6 70.2 201.7 5.8 -0.2 Finance companies 3.9 -15.3 -23.8 0.5 2.1 5.0 2.6 15.3 -25.9 -32.2 -87.8 -7.3 -1.9 Credit unions 3.7 2.4 2.0 0.9 1.6 3.0 2.0 6.7 -6.0 3.7 7.5 2.1 0.5 Federal government 7 ... ... ... ... ... ... ... ... ... ... ... ... ... Nonfinancial business 2.4 -1.3 -2.4 -3.3 0.0 1.0 1.0 4.3 -6.3 1.0 -0.1 1.9 1.7 Pools of securitized assets 8,9 40.2 -15.5 -8.0 -31.9 -1.6 -6.1 1.1 5.7 1.6 -5.1 -12.8 1.6 -5.3 Nonrevolving 62.6 17.9 -27.4 37.6 85.1 53.7 155.8 70.3 129.5 138.4 119.1 135.1 45.6 Depository institutions 29.7 38.2 -8.3 -36.0 7.8 33.6 -1.6 7.6 -4.1 12.9 26.0 14.1 20.6 Finance companies 36.3 -2.6 -58.6 -27.5 -19.9 -36.5 1.0 -1.4 -7.2 15.2 7.1 14.6 -15.0 Credit unions -3.2 -2.7 -1.1 -11.6 -5.0 7.9 10.2 -10.2 6.0 25.4 12.1 9.3 33.3 Federal government 7 6.0 11.3 74.3 130.2 108.7 59.7 144.2 75.7 140.6 72.4 74.3 69.7 12.9 Nonfinancial business -0.2 -1.6 -2.2 0.9 0.0 -0.2 1.2 -0.8 -0.1 -0.2 -0.3 -0.4 0.4 Pools of securitized assets 8,9 -6.1 -24.6 -31.5 -18.5 -6.4 -10.7 0.9 -0.7 -5.8 12.7 -0.2 27.7 -6.7

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