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F E D E R A L R E S E R V E statistical release . G.18 2-0-i. April 5 , 1971 j • - - - ! CONSUMER INSTALMENT CREDIT A T COMMERCIAL BANKS : FEBRUARY 1971 Consumers owed $41,446 million on instalment credit at commercial.banks at the end of February, $ 165 million less than a_month earlier but $1,456 million more than at 'the end. of February 1970. Loans" made during February were $103 million larger than in January reflecting a con'raseasonal expansion in automobile loans partially offset by a seasonal reduction in credit card volume. All major types of consumer instalment loan except purchased automobile paper exceeded the volume extended in February last year. Consumer Instalment Credit at Commercial Banks (Estimates, in millions of dollars) • . Amounts outstanding j Change from: Feb. 28, I Month Year 1971 ago ago Type of credit Automobile paper, total Purchased Direct Other consumer good's: Credit cards Other Home repair and modernization loans Personal loans: Check-credit Other . 19,726 - 57 -392 1,326 +162 + 62 12,165 7,561 -88 + 31 -420 + 28 771 555 + 93 + 69 - 18 + 80 + - 53 25 23 8 15 +670 +391 + 13 +159 +615 408 330 92 128 704 + + - 80 29 13 1 20 + 57 + 65 + 8 + 6 + 55 -165 +1,456 2,988 +103 +253 16 29 17 29 8 12 7 +491 + 85 +189 +245 +175 123 393 155 196 300 306 1 - 8 + 3 - 2 + 22 + 12 - 6 + 16 + 3 + 1 + 39 + 23 - 55 + 15 - 6 6 - 8 - 10 '+ 80 +162 + 21 +- 39 -137 +113 383 167 82 179 175 529 + 3 + 21 + 3 - 5 1 + 56 f + + + + + 3,054 5,481 2,704 1,165 9,316 41,446 . Total, Volume extended Change from: Year Month ago ago Feb . 1971 ' Federal Reserve District: Boston New York • Philadelphia Cleveland 'Richmond Atlanta - . Chicago • St. Louis Minneapolis Kansas City Dallas San Francisco 1,766 5,702 2,539 3,329 3,845 4,1-61 • 5,757 2,091 1,344 2,233 2,446 6,228 + - 33 42 2 14 10 71 "