Nonrevolving Consumer Credit Owned by Finance Companies
NREVNFC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
710,323.14
Year-over-Year Change
-0.37%
Date Range
1/1/1943 - 6/1/2025
Summary
Nonrevolving consumer credit owned by finance companies tracks the total outstanding loans for personal purchases like automobiles, education, and personal equipment that are not credit cards. This metric provides insight into consumer borrowing behavior and financial health outside of revolving credit lines.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The trend represents non-revolving credit extended by specialized financial institutions to consumers for specific purchases with fixed repayment terms. Economists use this indicator to assess consumer spending capacity, financial confidence, and potential economic momentum.
Methodology
Data is collected through comprehensive surveys and reporting requirements from finance companies, aggregated and published by the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and financial analysts use this trend to understand consumer lending patterns, predict economic growth, and assess potential risks in consumer credit markets.
Key Facts
- Includes loans for automobiles, education, and personal equipment
- Excludes credit card and revolving credit lines
- Reflects consumer borrowing capacity and financial confidence
FAQs
Q: What types of loans are included in nonrevolving credit?
A: Nonrevolving credit includes auto loans, student loans, personal loans for specific purchases, and other fixed-term installment loans with predetermined repayment schedules.
Q: How does nonrevolving credit differ from revolving credit?
A: Nonrevolving credit has a fixed loan amount and set repayment term, while revolving credit like credit cards allows ongoing borrowing up to a credit limit with flexible repayment.
Q: Why do economists track this metric?
A: This metric helps economists understand consumer spending power, financial health, and potential economic growth by revealing borrowing trends and consumer confidence.
Q: How often is this data updated?
A: The Federal Reserve typically updates nonrevolving consumer credit data monthly, providing a current snapshot of lending trends.
Q: What are potential limitations of this data?
A: The metric may not capture all forms of consumer lending and can be influenced by seasonal variations and changes in lending standards.
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Related Trends
Total Consumer Credit Securitized by Nonfinancial Business
DTCNLHNNM
Revolving Consumer Credit Owned by Depository Institutions
REVOLNDI
Total Securitized Consumer Credit
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Revolving Consumer Credit Securitized by Nonfinancial Business
DTCNLRHNNM
Revolving Consumer Credit Owned by Nonfinancial Business, Flow
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Nonrevolving Consumer Credit Owned and Securitized by Nonfinancial Business
DTCTLNHNNM
Citation
U.S. Federal Reserve, Nonrevolving Consumer Credit Owned by Finance Companies [NREVNFC], retrieved from FRED.
Last Checked: 8/1/2025