WASHINGTON, D.C. — While the Federal Reserve didn't begin a new year with a monthly look at trends associated with new-vehicle loans generated by finance companies, officials did present November data about contracts from commercial banks.

The Fed discovered the average interest rate on a 48-month, new-vehicle loan from a commercial bank came in at 5.45 percent. On average for the third quarter, the rate settled at 5.90 percent.

The last time officials shared information about auto loans by commercial banks was back in August. That's when APR was 5.94 percent.

However, data about interest rates, maturity, loan-to-value ratio and amount financed on deals from finance companies hasn't been available since April of last year. Officials explained the statistical foundation for the series deteriorated, and they were still in the improvement process.

The Fed wrapped up its latest update by noting consumer credit increased at an annual rate of 10 percent in November.

Officials added revolving credit increased at an annual rate of 8.5 percent, and non-revolving credit increased at an annual rate of 10.75 percent.