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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G. 13* - . ' April 3, .1957 CONSUMER IHST/LLlILivr CREDIT AT COXMEAClAL BANKS B3ERUARY1957 Consumer i n s us line nt c r e d i t held by commercial banks amounted to $11,61:1 m i l l i o n a t t h e end of February, $25 m i l l i o n more than a t the end of the preceding month. I n c r e a s e s i n automobile. c r e d i t and personal loans more than o f f s e t declines i n the other items. The t o t a l amount outstanding continued about 9 per cent above the year-ago l e v e l . Extensions of c r e d i t i n February were 8 per cent smaller t h a n i n January, r e f l e c t i n g declines' i n each type of c r e d i t , but . were 2 per cent l a r g e r than i n February l a s t .year. . Consumer instalment Credit a t Commercial Banks (Estimates. I n m i l l i o n s of d o l l a r s ) Amounts o u t s t a .ndingr . Chang e from: Year Feb. 23, Month ago ago . 1,57 Type of c r e d i t Automobile paper Purchased Direct Other consumer poods paper Repair and modernization loans Personal loans.. 3,611 2,216 2,290 1,39? 2,125 Total + 27 + 13 rr 16 " ' -in . +10 11,6W_ + 317 + 127 + 250 + 9k + 185 Feb. 1957 Volume extended Change frpm: Month Year ago aeo , + 7 + 9 - .1 - 3 + 10 32u 227 211 69 27L - 3 - 9 -58 - h -25 +973- 1,105 -99 til 56 176 75 - 6 -2h - 5' - 2 - 5 + k 76. 7U 92 - 5 - 5 - h + 3 + 2 Q Federal Reserve D i s t r i c t : Boston New York • Philadelphia 621 2,023 673. Cleveland iRichmond Atlanta 799 758 83 k Chicago'. S t . Louis . Minneapolis Kansas City Dallas San Francisco 1 — ^ 0 0 + h . + 69 + 1U8 . + 105 = 2 + 101 - 3 - + 32 + 8. + 52 1^708 529 380 + 7 + 3 • - 3 513 638 1,966 + h • 3 + h + 2.13 162 + uu • 51 + 17 ' 35 + -2k h - 5 +17 + 7 - b + ..16 + 71 + 103 - 2 - 5 -13 + 3 + 8 -16 57 75 176 •
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