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FEDERAL

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statistical

RESERVE

release

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CONSUMER INSTALMENT
TALMENT CREDIT AT COMMRClXu B A N K S ^ ^ ^ ^
FEBRUARY 1969

Consumer instalment credit outstanding at commercial banks increased
$51 million in February to $37,056 million at the month-end. Indebtedness on other
consumer goods and-personal loans was up slightly from a month earlier while home
repair loans' outstanding showed a small seasonal contraction. However, the amount
owed to banks by consumers was $4,217 million larger than at the close of the month
last year .
Credit extended during February was down $180 million with most major
"types falling somewhat below the January volume but all except purchased automobile
paper .contributed to the $111 million expansion qver the year-period.
. Consumer Instalment Credit at Commercial Banks
(Estimates, in millions of dollars)

Type of credit

Automobile paper, total
Purchased
. Direct
Other consumer goods
Home repair .and modernization loans
Personal loans"''
TOTAL

- Amounts outstanding
iChange from:
Feb. 28,
I Month Year
.1969 ,
ago
ago
19,270

+ 2

*r 39

- 10

827
518

- 19
- 20

- 13
+ 3

482
96
805

- 79
+ 2
- 64

+ 71
+ 7
+ 43

+1,998 1,345

12,153
- 7 '+1,226
7,117 ~ + 9 + 772
6,168
2,676
8,942

Volume extended
Change from:
Year
Month
ago
ago

Feb.
1969

+33 + 995
-16 + 113
+32 " +1,111

3.7,056

+51

+4,217 2 , 7 2 8

-180

+111

Boston
New York
Philadelphia

1,664
4,698
2,318

-13
+ 1
+13

+
+
+

110
332
162

- 24
- 41
8

- 11
+ 10
+ 4

Cleveland
Richmond
Atlanta

2,809
3,242
3,706

+ 4
+ 6

+
+
. 1/ +

324
190
435
237
473 . 272

- 1
- 21
- 28

+ 10
+ 4
- 21

Chicago
St. Louis
Minneapolis

5,417
1,791
1,214

+24
- 8
+ 2

+
+
+

647
177
185

401
120
92

- 22
- 9
- 2

+ 41
- 14
+ 5

Kansas City
Dallas
San Francisco

2,061
2,352
5,784

+12
-10
+20

+
+
+

.244
248
631

164
179
469

- 4
- 30
+ 10

+ 10
+ 6 . '
+ 67

Federal. Reserve District:

1


.1/Less than 0.5 million.


161
400
292