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BOARD OF GOVERNORS Chaiiman Eccles OP THE FEDERAL RESERVE SYSTEM Office Correspondence TA Board Members (Individually) Date D e c e m b e r 9 > 1 9 4 6 SnhjeH:* c°nsumer Instalment Lending Ronald Ransom The American Bankers Association recently issued a 30O*page book, entitled, "Consumer Instalment Lending Directory11, published in 1946# It lists 9,214 banks engaged in some form of consumer instalment lending. At my request, our Division of Bank Operations has made a compilation from this Directory, dividing the banks into types. I find this compilation so interesting that I attach a copy for your information. Attachment TOTAL 1TOMBER OP COMMERCIAL BANKS JUNE 3 0 , 1 * 6 AND NU16ER ACTIVELY ENGAGED IN CONSUMER INSTALLMENT LENDING, BY CLASS OF BANKS AND BY STATES (Sourcet F e d e r a l R e s e r v e r e c o r d s and Consumer I n s t a l l m e n t Lending D i r e c t o r y , All National banks State member banks commercial banks State consumer creditl/ Alabama Aritona Arkansas California Colorado 219 11 219 206 114 Connecticut Delaware Diit. of Columbia Florida Georgia 121* * 92 U o 21 20 15 90 156 177 310 16 * 859 Idaho Illinois Indiana Iowa Kansas 1*92 10U • 7 12U U*5 108 • 1*0 515 300 386 Total consumer credit]/ 13 1 13 132 u* 13 7* 1 13 * 50 13 10 60 19 * hk 5 7 35 37 13 1 * 8 8 11 12 35 22 16 365 126 97 171* 15 239 93 71 128 10 126 115 67 10 * 9 78 79 19 * 32 93 33 33 61* 121 hk 22 28 31* 85 21 10 9 21*9 5 7 5 16 29 11 18 110 17 87 32 77 181 2h 81 39 68 Iu5 16 51* 30 151 26 112 21 186 131* 1*37 390 •11*7 151* 83 51 90 Michigan Minnesota Mississippi Missouri Montana 1*31 326 675 203 1*70 110 105 352 83 Nebraska Nevada New Hampshire New Jersey New Mexico Uio 21*3 126 89 8 6* 1 351 12 * 7 5 51 5 U 217 22 159 16 New York North Carolina North Dakota Ohio Oklahoma 678 229 151 676 381 395 16 * 12 * 239 198 Oregon Pennsylvania Rhode Island South Carolina South Dakota 71 51 ! 1,025 ! 23 ; iu6 | 168 61*5 293 11*9 1*95 595 Tennessee Texas Utah Vermont Virginia 81*5 59 72 315 1*78 119 107 1*55 227 12 50 111* 15 * h& 208 6 6 7 3 101 237 19 35U 237 1*32 235 51 3 73 53 30 2U 10 2 19 * 103 15 193 123 239 158 93 5* 1 10 Uh 2h 5 5 102 72 1*9 382 38 33 33 18 1 1 78 210 116 1 7 15 1 — 65 2 268 29 37 163 126 18U 9 •• 185 19 U*l 1 * — 137 12 86 1*9 103 237 155 23 662 9 23 35 20 13* *1 6 13 29 10 110 2 70 U32 12 39 131 Total •102 102 •396 U2 39 76 97 27 8,770 5,012 2 1 * U& 13 h 35 11 18 * 85 66 I n consumer credit!/ 3 1 6 2 2 6 20 6 26 1 ^m 8 13 — 9 1 1* 1 16 5 5 53 12 1 1 I65 27 86 27 1 9 3 1 * 1 .. 8 1 — 17 31 12 15 1 11 — 20 H*,029 United States J ^ 5 U*7 289 85 215 123 179 558 56 Washington West Virginia Wisconsin Wyoming Per oent of class total 51 257 29 consumer creditl/ 13 2 16 21 15 Kentucky Louisiana Maine Maryland Massachusetts •127 Total * 19i*6) Non-insured commercial banks In consumer credit]/ 39 3 36 76 59 1*01 a* Total 66 1 * 50 91 77 6U9 6lh 170 166 Tnsured zlonroember commercial banks In In In Total American Bankers A s s o c i a t i o n , 5 30 5* 1 -6 8 — 23 6 ... 1 1 1 * 6 1 * 85 13 5 6 15 9 23 13o 2 33 63 5 1 19 9 23 — 5 2 1 — 6 11 * 2 22 1 — — LV9 7 55 231* 5 66 2 3 25 22 95 108 U8 266 11 25 97 12 113 22 1 66 8 70 18 1 5* 1 205 259 25 31 116 91 137 35 53 76 21 16 32 71 11 11 22 <3 5* 1 381 16 3 5 9 5* 1 26 262 12 9 — 2 1 1 * — 3,500 1,875 1.355 6,Ui6 3.62U <i96 291 3 16 22 57 i 6*.5 69.8 72.3 56.2 1 / The Consumer Installment Lending Directory l i s t s or counts 375 branches as banks; i t a l s o includes 79 mutual savings banks and 16 i n s t i t u t i o n s t h a t are not banks of d e p o s i t . For c o n s i s t e n c y with s t a t i s t i c s of a l l commercial banks in operation, these branches, mutual savings banks, and non-deposit i n s t i t u t i o n s have been excluded from t h i s t a b l e . • The summary figures shown in the Directory for these S t a t e s do not agree with the l i s t of consumer c r e d i t banks in the Directory* For the country as a whole, the summary i s 26 l e s s than the number of banks l i s t e d . BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, DIVISION OF BANK OPERATIONS, NOVEMBER 26, 19W.
