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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 hh3 l,6ll 602 8 . - hi - 3 ho - % - 16 - 10 - 7 . + 69 + 62 + 3h h9 - h - 12' - o - 13 1,115. - 31 - 17 - 5 ' +110 + 26 + 38 103 37 25 0 + 1 + 1 - 10 - 2 - 3 - 13 + 15 - 2 + 22 36 35 11U - h 57.?- hlh 307 353 L30 1,557" - 2k ' + 1 - 5." 2h - 10 - 21 - 60
@FedFRASER