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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
0.18

August 2, 195U
CCilSTJMEE HISTALIENT CREDIT AT COIviiERCIAL BANKS
JUNE 1951

Consumer instalment credit outstanding at commercial
banks increased slightly in June and at the end of the month
amounted to 8,h01 million dollars. Increases in automobile
paper and personal loans more' than offset declines in the other
" " . items. Total balances continued below the year.-ago level.
The volume of credit extended during the month increased 12 per cent from May to June, reflecting gains in' all
types of credit except repair and modernization, loans.

Consumer Instalment Credit at Commercial Banks
(Estimates. 'In millions of dollars)
iype of credit

• Automobile pap er
Purchased
" Direct
...Other consumer goods paper
Repair and modernization.loans
Personal loans
Total

Amounts outstanding
Change from:
June
Month
Year
30,
ago
1951 . ago
1,979
1,792
1,821
1,257
1 , %

nded
Volume exte:
Change from:
June
Year
Month
195L
ago
ago

8 ? U01.

- 6k
-111
-208 .
+ Ii5
. + 67

215
209
206
82

+ 33
+ 21
+ 18
8
+ 39

- 38
- 30
- 51
- 2k
+ 16

. zilk

+10
+ 1
--18
- 2
+2h .

955

+103

-127

Federal Reserve District;

^

Boston
- Hew York
Philadelphia

-

: Cleveland
Richmond
Atlanta

L57
1,596
6l6
569
576
516

+ k
- 2
- +12

+ 55
- 22
+ 55

56
181
67

+ 8
+ 13
+ 9

+ 3
- 33
+ h

+ 5
+ 5
+ 2

+ k
+ 1
- 25

70
7.0
62

+ ~8
+ 9
+ 3

+ l
0
-11

Chicago
St. Louis
Minneapolis

'

1,098
L08.
309

- k
+ k
+ 2

- 33
- 28
+ 7

133
U8
3k

+ 11
+ 10
+ k

- 31
- 8
- 3

Kansas "City
Dallas
San Francisco

36U
399
1,163

+ 7
- 5
-15

„ - 6
-77
-205

50
k7
137

+ 7
+ 3
- + 18

0
- 8
- Ul