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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM April 3 , 1951 ,.18.1 CONSUMER INSTALMENT CREDITS OF, COL15ERCIAL BANKS Ap55l At the ei>d of Febriiary consumer outstanding at commercial banks showed a decline f o r the foWtj^AtomsecutSve month, dropping 1 per cent from the January 31 l e v e l t o 5,53^&i^^9J?J!£ 0 ^kl ars • More than half of the decline stemmed from the decreas^fjm/ij^edit the purchase of ^4i\/ consumer nnsnmp.r goods proorl<s othAr otheir than automobiles • At the t h e - i n s t a l m e n t balances were 23 per cent larger than a year earlier^/Q^j^ "1/ - T Declines were reported in volume of credit extended during February for each type of credit* The o v e r f a l l decline from a month e a r l i e r was 12 per cent, and from a year e a r l i e r , 1 per cent, CONSUMER INSTALMENT CREDITS OF COMMERCIAL.BANKS, FEBRUARY 1951 (Estimates. In m i l l i o n s of d o l l a r s ) Amounts outstanding Feb. Jan. Feb. Type of c r e d i t e 0 .28, 1951P 31,, ••'28, 1951P - 1950 1,096 1,222 1,116 1,219 Volume extended Feb. Jan. ' Feb. 1950 1951P 1951P 888 93.3 • 935 13k.3 98.3 137.0 117.1 123.7 1,217 877 1,118' 1,268 . 941 113 .ii 890 • 783 40.6 1,117 ' . 947 153.1 147.1 46.4 176.8 117.9 49.5 133.7 5,530 5,610 4,494 535.0 605.6 541.9 262 1,015 327 271 1,030 332 215 810 316 21.8 96.5 32.0 29.8 117.8 36.2 24.1 89.3 35.6 Cleveland Richmond Atlanta 379 343 380 380 3 49 383 290 384 301 38.4 31.5 39.0 41.5 35.6 42.5 36.7 33.9 37.3 Chicago S t . Louis Minneapolis 669 256 691 262 545 67.2 23.6 18.4 75.4 29.8 20.2 65.3 25.1 18.8 27.2 34.5 929 101.9 28.3 37.2 111.3 27.1 33.0 115.7 * Automobile r e t a i l Purchased paper , Direct loans , Other r e t a i l Purchased and d i r e c t Repair and modernization loans Personal instalment cash loans ; ' Total Federal Reserve D i s t r i c t : * 0 ® Boston New York Philadelphia Kansas City Dallas San Francisco p—Preliminary _^v ; f f * jW | ; p « : T1 *i W S rv ~ 212 211 176 • 4 %, 230 ^ 3 0 301 303 > a,-156 • l . l p 185 232 '2v G.18.1 CONSUMER INSTALMENT CREDITS OF COMMERCIAL BANKS BY TYPE OF CREDIT (Estimates. Year or month Total In m i l l i o n s ' of d o l l a r s ) Automobile r e t a i l Purchased Direct Other r e t a i l Repair & Personal modern- i n s t a l purchased i s a t i o n : ment cash .and d i r e c t Outstanding a t end of p e r i o d : I9kl 191*2 '191*3 19kk 1945 1946 1947 1948 19 h9 1950 1,69k m 1*11 310 123 79 96 139 306 ' 288 11*3 68 75 •231* 151* 89 516 557 136 51* 55 5,61*5 .165 31*6 570 85U 1,11*3 £ 915 1,223., 1950 - JanuaryFebruary March April May .June July • . August ; September , October November December 1*,1*65 l*,l*9l* 4,595 1,688 1,862 5,081* 5,291 5,1*93 5,685 5,726 5,661 5,61*5 866 888 922 953 992 1,050 1,110 1,11*3 .1,177 1,180 ' 1,159 1,11*3 922 935 964. 992 1,035 1,096 1,158 1,217 1,251 1,254 1,234 1,223 1951 - January p February p 5,610 1,116 1,096 1,219 1,222 1.268 5,530 1,217 890 877 111 116 137 1*7 1*9 "• ' 742 •1,591 2,701 3,563 4,4l6 61* 100 275 523 751 922 .1,267 . 953 91*1 966 983 1,028 1,061* 1,112 1,178 1,258 1,282 1,261 1.267 1*51 289 226 12k 273 500 21*7 315 572 796 781 905 91*1* 1,107 779 783 771* 780 " 91*5 91*7 96 9 831* 851 1,01*0 81* 636 801* 872 891 905 907 905 870 980* 1,00. 1,060 1,083 1,108 1,105 1,100 1,107 1.117 1.118 Volume extended during month: 1950 January February March April. • May June July August September October November December 1951 - January p February p p—Pr eliminary, 554 . 51*2 61*6 607 721 117 11*2 517 562 l65 171* 157 152 123 91 91* 6C6 535 98 93 768 789 799 782 617 121* 151 11*1 161+ 181* 191 190 171* 132 118 139 129 163 151* 167 187 1*2 .52 71* 82 80 82 101 117 121* 11*1 75 71 55 48 137 134 11*7 1*7 211 166 111* • 1*1 11*3 131* 172 155 172 183 177 183 170 155 ll*6 162 1 153
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