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-BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEI.:
G.18

April 1, 19$l
CCISUIZR DISTAE3IIT CREDIT AT CC:.3TRCIAL BATIKS
FEBRUARY 19

Consumer instalment credit held by commercial banks declined
2 per cent during February to an estimated 8,f>3lt million dollars. The
declines in other consumer goods paper, v/hich reflected in part large
• repurchases by retail outlets, and in automobile paper accounted for
nearly all of the monthly drop. The outstanding amount of all types
of credit, hcv/ever, continued to-shov: increases from a year ago.
The volume of credit extended during February v:as tiovm ll;
million dollars from the preceding month and 188 million from a year .
age- The decrease from January reflected primarily a decline in other
consumer goods paper, while the decrease from a year ago occurred in
. ' nearly all items.
. . .

Consumer Instalment Credit at Commercial Banks
. (Estimates» In millions of dollars)

Type of credit

Automobile-paper
Purchased
DirectOther consumer goods paper
Repair and modernization loans
Personal loan-s
Total

Amounts outstanding
Feb.
Change from:
Year
27, . . LIbnth
ago
195L
—
2,321
-55
1,809' - - 2 5
1,937 - -100
- 16
1,26?
+ 7
1,L97
8,53^

Volume extended
i from:
Year

Feb. • Month
195a
a?o

+291
fill:
+102
+131
+ 99

113
158
167
63

19h

- 2
+13

-5h

-

h

-+10
- 1

+

-3h

-188

0
- 25
- 7

-189

+737

-

+ 95
+157
+1:3

138

he

- 7
-1);
• - 8

us
5a

+ 2
+ 3

' 725

- 75
- 62
- U3
1

•Federal Reserve District:
Boston

.-

- 'Philadelphia
Cleveland
Richmond
Atlanta •
Chicago
" S t . ioui s
I.'inne spoils
Kansas City
Dallas
San Francisco




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- 31
- 17
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