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F E D E R s t a t A L R E i s t i c a J S E R V E r e l e a s e -j | ^pr^l/3,1970 CONSUMER INSTALMENT CREDIT A T COMMERCIAL BANKS 'FEBRUARY 1970 Consumer instalment credit outstanding at.commercial banks decreased S154 million in February to $39,990 at the month end. The decline was mainly in automobile credit although small reductions occurred in most other major types of indebtedness . All shared in the $2,934 increase over the year-period. The volume of automobile loans was larger- than -in. January but continued below year-ago levels. Loans for other consumer goods, which u s u a l l y contract at this time of the year, were only slightly smaller than in January.. The growth' in credxt card activity, held this sector well above the February 1969 volume and offset year-toyear declines in most other types of credit. - Consumer Instalment Credit, at Commercial. Banks (Estimates, in millions of dollars) 1 Type of credit .Feb . 28, • • 970 i "Itotpadbile pape r, total Purchased 'Direct Other consumer goods: Credit cards Other Home repair and modernization loans Personal loans: Check-credit Other 20,118 1 ; 1 12 ,585 .7 ,533 ,384 5 ,090 ,691 1 ,006 8 ,701 outs Landing Volume, extended Change from: Change trom* < Feb . Year Month Y ear ! 1970 ago ago j a%o. 848 j 1,264 + 41 - 81 43z! 416 i 789 475 + 25 + 16 - 38 I - 43 '-1-1,0631 • 351 ' -.20 ,+ 265 2431 ' ' 23 15 i 84 237, 122 649 i4" 5 2 8 / + 4 - 27 + 6 - 16 - 24 +161 - 2.7 - 12 + 9. - 43 - 16 + 7 9 - 13 + 6 + 3 - 5 - 26 + + + + + 19 45 10 5 24 11 345 | - 31 125 i 8 + 3 80 165 - 13 165 - 14 + 91 458 + + - 5 6 " 5 12 1 14 11 : -lis j -i Boston New York Philadelphia Cleveland Richmond Atlanta . -5,211 : - 8 - 2 : ,454 j - 1 8 i 3 .140 : - ' 6 ! ' 3. ,600.: - 5 ,986 j + 14 j 3. Chicago St. Louis Minneapolis Kansas- City Dallas San'Francisco ,677 ^ ,929 : - 1. ,323 : • 2; ,199 j 2 ,583 j i = 6 ,115 i i = ! + • +2,934 ! 2,735 Federal- Reserve Dis trict: . + J ; - 36' ,990 Total ' - - 62 - 14 + 6 - 38 109: 513 j 136 j i + ! + 331 j i + 358| 280: r i + ; + .138 j j + 109: 1 + 138, i + 231 j ,+ 331 j , 129 377 152 195 261 283 | , .
