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B O A R D O F G O V E R N O R S O F T H E FikDERAL RFSER'/E S Y S T E M G.lS • . Av>ril I96I COKS^iEE I N S T A L M E N T C R E D I T AT C0131ERCIAL B A N K S F E B R U A R Y 19 6l \ C o n s u m e r instalment credit noId by c o m m e r c i a l banks a m o u n t e d • t o £ 1 7 0 0 1 m i l l i o n at t h e end o f F e b r u a r y , $ 2 6 0 mi H i o n of the lower than decline was at the end of accounted for the previous . month. by c o l l e c t i o n s o n purchase of o t h e r c o n s u m e r g o o d s p a p e r in J a n u a r y . of l o a n s except personal loans showed Much the large All types substantial declines > in February. The- v o l u m e o f c r e d i t e x t e n d e d i n F e b r u a r y w a s l o w e r t h a n in J a n u a r y , w i t h d e c l i n e s d i s t r i b u t e d a m o n g a l l t y p e s o f c r e d i t . C o n s u m e r Instalment- C r e d i t — - (EstimatesIn Amounts outstanding Change from y £ f " Month Type of credit and m o d e r n i z a t i o n : 769 -137 - 60 17,001 -260 ' 267 I from: " _a£,o_ 308 ; 202 | 214 ; 17u --27 Personal loans Total 276 75 - 20 ! : $ 2,104 loans Change , 'M o n t 'h J^6l_ 5,121 C.ther ' c c n s u n e r g o o d s p a p e r extended i Feb. ^61. paper Purchased Direct Repair Volume Feb. 2b. . Automobile at Commercial Banks m i l l i o n s o f .dollars) - 36 - 15 -100 :: - 59 3 7 9 "i - 19 3c6 , i-l,5b8 ! l , l c 9 i -132 -230 Federal Reserve District: Boston : I:ew Y o r k Thiladelihia 699 2,706 : 1,166 Cleveland : 1,133 Richmond 1 1,206 - 15 ' ; - .8 Atlanta i 1,322 I - 23 t 136 40 Chicaro I 2,594 1 - 56 1 323 St. L o u i s Minneapolis ! 773 i .576 Kansas City :" : i - : 't t ^> 9 6 ; a ? 930 I 6 i - 13 i 2,877 i - 45 Dallas San Francisco : - "9 i - 39 120 i 243 i 152 ! 82 •f t > f • . 66; • 5 185 i - 33 . <=6 1 - 1 0 7 7 ' - 13 b 91 ; 110 ; 15 154 ! 95 I 42 1 j - 24 50 i •41 | - 9 3 l 5 i -.50 1 - 25 | - 20 j - 12 ! - 13 - 34 6 - 13 - 11 64 j 65 , - 8 0 91 160 i t 76 206 i i - 5 1 j - 4l