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FEDERAL statistical G.18 RESERVE release J A p r i l 5 , 1967. : I I CONSUMER INSTALMElJ^CREDIT AT"COMMERCIAL BANKS FEBRUARY 1967 Consumer i n s t a l m e n t c r e d i t o u t s t a n d i n g a t commercial banks amounted t o $31,967 m i l l i o n a t t h e end of F e b r u a r y , r e p r e s e n t i n g a d e c l i n e of $66 m i l l i o n durj.n^ the month. Automobile paper d e c r e a s e d f u r t h e r w i t h a g r e a t e r r e d u c t i o n in t h e amount owed on purchased paper than on d i r e c t l o a n s . On t h e o t h e r hand, i n d e b t e d n e s s on nonautomotive consumer goods c o n t i n u e d t o i n c r e a s e . A l l t y p e s of c r e d i t c o n t r i b u t e d t o the expansion of $2,655 m i l l i o n f o r t h e y e a r ending February 2 8 . The F e b r u a r y c o n t r a c t i o n i n volume of l o a n s e x t e n d e d - - $ 1 1 7 m i l l i o n - - w a s p a r t i a l l y s e a s o n a l in c h a r a c t e r . Only consumer goods c r e d i t and, t o a l e s s e x t e n t , personal- l o a n s made were in l a r g e r volume than i n F e b r u a r y l a s t y e a r . Consumer I n s t a l m e n t C r e d i t a t Commercial Banks ( E s t i m a t e s , i n m i l l i o n s of d o l l a r s ) Type of c r e d i t Automobile p a p e r , t o t a l Purchased Direct Other consumer goods Home r e p a i r and m o d e r n i z a t i o n Amounts o u t s t a n d i n g Change from: Month Year ago Feb. 28, 1967 +1 ,189 Volume extended Change from: Year Month ago ago Feb. 1967 17,335 -80 1,133 - 14 -77 11,214 6,121 -53 + -27. + 853 336 707 426 - 2 - 12 -41 -36 5,218 442 + 907 400 - 83 +61 .2,502 6,912 - -30 + 2 + + 18 541 79 619 1/ - 20 - 4 ' + 8 31,967 -66 +2 ,655 2,231 -117 -12 Boston New.York Philadelphia 1,390 4,182 1,894 -11 -37 -11 + + + 75 134 119 94 253 112 - 8 - 63 - 20 1/ -13 + 3 Cleveland Richmond Atlanta 2,544 2,423 2„881 - 8 -17 +13 + + + 356 117 343 167 153 263 - .7 - 15 + 12 + 5 -14 +12 Chicago S t . Louis Minneapolis 4,896 1,496 994 -35 t 1 - 1 + + + 325 127 105 302 : - 16 103 - 10 69 - 1 Kansas C i t y Dallas San F r a n c i s c o 1,662 1,981 5,624 +14 + 8 +18 + 179 + 188 + . 587 -42 +10 1/ +10 +10 + 7 Personal loans TOTAL F e d e r a l Reserve D i s t r i c t - : JL/Less than. 0 . 5 m i l l i o n . 141 151 423 + 1 + 11 - 1