G.19                                                        CONSUMER CREDIT                        For release at 3 p.m. (Eastern Time)
1                                                              June 2007                                                 August 7, 2007

Consumer credit increased at an annual rate of 5-1/2 percent in the second quarter of 2007.  In June, consumer credit increased at an
annual rate of 6-1/2 percent.

CONSUMER CREDIT OUTSTANDING 1
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
                                                                                 2006                            2007
                                                                        _______________________ _______________________________________

                                 2002    2003    2004    2005    2006     Q2      Q3      Q4     Q1 r    Q2 p    Apr r   May r   Jun p
---------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate 2
  Total                            6.0     5.2     5.5     4.2     4.5     6.1     5.4     4.1     4.7     5.6     2.3     7.9     6.5
   Revolving                       4.5     3.0     3.9     3.2     6.3     9.5     7.1     8.4     4.0     7.4     1.5    12.2     8.4
   Nonrevolving 3                  6.9     6.6     6.4     4.8     3.5     4.1     4.4     1.7     5.1     4.5     2.8     5.3     5.3

Amount: billions of dollars
  Total                         1984.1  2087.8  2201.9  2295.0  2398.0  2342.2  2373.6  2398.0  2426.2  2459.9  2430.8  2446.8  2459.9
   Revolving                     749.0   771.1   801.3   826.6   878.7   845.5   860.5   878.7   887.4   903.9   888.6   897.6   903.9
   Nonrevolving 3               1235.1  1316.7  1400.6  1468.4  1519.4  1496.7  1513.1  1519.4  1538.7  1556.0  1542.3  1549.2  1556.0
---------------------------------------------------------------------------------------------------------------------------------------

TERMS OF CREDIT AT COMMERCIAL BANKS AND FINANCE COMPANIES 4
Percent except as noted: not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
Institution, terms, and type of loan
---------------------------------------------------------------------------------------------------------------------------------------
Commercial banks
     Interest rates
   48-mo. new car                 7.62    6.93    6.60    7.08    7.72    7.60    7.95    7.92    7.74    7.92     n.a.   7.92     n.a.
   24-mo. personal               12.54   11.95   11.89   12.05   12.41   12.58   12.40   12.49   12.32   12.57     n.a.  12.57     n.a.
        Credit card plan
    All accounts                 13.40   12.30   12.71   12.51   13.21   13.16   13.06   13.31   13.41   13.46     n.a.  13.46     n.a.
    Accounts assessed interest   13.11   12.73   13.21   14.54   14.73   14.77   14.67   15.09   14.64   14.47     n.a.  14.47     n.a.

New car loans at auto finance companies
  Interest rates                  4.29    3.40    4.36    5.46    4.96    5.62    3.24    5.62    4.78    4.86    5.04    4.88    4.66
  Maturity (months)               56.8    61.4    60.5    60.0    62.3    61.0    64.2    62.0    59.9    59.2    57.8    61.1    58.7
  Loan-to-value ratio               94      95      89      88      91      90      93      93      91      93      92      94      92
  Amount financed (dollars)     24,747  26,295  24,888  24,133  25,958  25,300  27,111  26,495  26,615  27,035  27,013  27,163  26,929

---------------------------------------------------------------------------------------------------------------------------------------
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 - 3206.
Footnotes appear on reverse.



1
CONSUMER CREDIT OUTSTANDING
(Billions of dollars)
Not seasonally adjusted

---------------------------------------------------------------------------------------------------------------------------------------------
                                                                                       2006                            2007
                                                                              _______________________ _______________________________________

                                       2002    2003    2004    2005    2006     Q2      Q3      Q4     Q1 r    Q2 p    Apr r   May r   Jun p
---------------------------------------------------------------------------------------------------------------------------------------------

Total                                 2012.2  2116.1  2231.7  2326.0  2430.8  2325.3  2380.1  2430.8  2412.5  2442.3  2418.6  2432.2  2442.3

Major holders
Total                                 2012.2  2116.1  2231.7  2326.0  2430.8  2325.3  2380.1  2430.8  2412.5  2442.3  2418.6  2432.2  2442.3
Commercial banks                       602.6   669.4   704.3   707.0   741.2   694.7   710.5   741.2   723.3   739.2   729.6   736.7   739.2
Finance companies                      307.5   393.0   492.3   516.5   534.4   505.0   526.2   534.4   532.4   541.3   535.7   538.8   541.3
Credit unions                          195.7   205.9   215.4   228.6   234.5   230.4   234.5   234.5   232.7   235.5   234.0   235.3   235.5
Federal government and Sallie Mae      129.6   114.7    98.4   102.1   103.2   102.6   105.4   103.2   105.5   104.8   105.2   104.8   104.8
Savings institutions                    68.7    77.9    91.3   109.1    95.5   101.9   106.2    95.5    94.6    95.2    94.8    95.0    95.2
Nonfinancial business                   74.8    58.5    57.9    58.1    56.2    52.1    51.3    56.2    52.3    52.9    52.4    52.8    52.9
Pools of securitized assets 5          633.3   596.8   572.1   604.6   665.8   638.5   646.0   665.8   671.8   673.4   666.9   668.9   673.4

Major types of credit
Revolving                              769.2   791.9   823.7   849.8   903.4   840.9   859.1   903.4   877.3   899.0   883.4   892.2   899.0
   Commercial banks                    246.4   285.0   314.6   311.2   327.3   291.0   298.9   327.3   299.2   312.9   305.3   309.2   312.9
   Finance companies                    44.4    45.3    50.4    66.3    79.9    69.5    72.2    79.9    72.9    74.5    73.6    74.5    74.5
   Credit unions                        22.2    22.4    23.2    24.7    27.4    24.7    25.2    27.4    26.8    28.1    27.2    27.7    28.1
   Federal government and Sallie Mae     n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
   Savings institutions                 16.3    23.8    27.9    40.8    42.5    41.4    43.2    42.5    41.6    42.1    41.8    42.0    42.1
   Nonfinancial business                37.1    14.5    11.7    10.8     7.2     7.6     6.7     7.2     6.4     6.5     6.5     6.5     6.5
   Pools of securitized assets 5       402.8   400.9   395.8   396.0   419.1   406.7   412.9   419.1   430.4   434.9   429.0   432.3   434.9

Nonrevolving                          1243.0  1324.2  1408.0  1476.2  1527.4  1484.4  1521.0  1527.4  1535.2  1543.3  1535.2  1540.0  1543.3
   Commercial banks                    356.2   384.4   389.6   395.8   413.9   403.7   411.6   413.9   424.1   426.4   424.3   427.5   426.4
   Finance companies                   263.1   347.8   442.0   450.2   454.5   435.5   454.0   454.5   459.4   466.8   462.1   464.4   466.8
   Credit unions                       173.5   183.5   192.1   203.9   207.1   205.7   209.2   207.1   205.9   207.4   206.9   207.6   207.4
   Federal government and Sallie Mae   129.6   114.7    98.4   102.1   103.2   102.6   105.4   103.2   105.5   104.8   105.2   104.8   104.8
   Savings institutions                 52.4    54.0    63.4    68.3    53.1    60.5    63.0    53.1    53.0    53.1    53.0    53.0    53.1
   Nonfinancial business                37.7    44.0    46.2    47.2    49.0    44.5    44.6    49.0    45.9    46.4    45.9    46.2    46.4
   Pools of securitized assets 5       230.5   195.9   176.3   208.6   246.7   231.8   233.1   246.7   241.3   238.5   237.9   236.5   238.5

1. Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
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 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.
4. 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). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers
and are volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets
of the loan originators.
r=revised.  p=preliminary.