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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

, ' o n t'
M
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)

-

-100

36

-

15

::

- 59
3
79 " 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