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BOARD OF GOVERNORS OF -THE FEDERAL RESERVE G.18.1 A # # t , 3 . 1951 e CONSUMER INSTADIENT CREDITS OF C O M I E I ^ S % ^ ",'We - o ^ e At. the end of June • uJHSfi?l!51'lxnsialrient. c r e d i t outstanding' a t commercial banks was down s l i g h t l y f o r .the e i g h t h consecutive month, and amounted t o 5, L*8l m i l l i o n .dollars« • As. i n t h e -preceding month the decline stemmed p r i n c i p a l l y from the drop i n r e t a i l instalment c r e d i t I'or t h e purchase of consumer goods other than.automobiles, p a r t l y o f f se y i n c r e a s e s i n most other types of c r e d i t . Compared with a year e a r l i e r t o t a l balances were up 8 per cent* Extensions of c r e d i t during•the month amounted t o 666 m i l l i o n 3 P e r cent l e s s than i n May and 13 per cent l e s s than i n June CONSUMER INSTALMENT CREDITS OF COMMERCIAL BANKS, JUNE 1951 (Estimates# In 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 r e t a i l Purchased paper Direct loans Other r e t a i l Purchased and d i r e c t Repair and modernization loans Personal instalment cash loans Amounts outstanding June May June 30, 31, 30, 195lp 1951P 1950 Volume extended June 195lp May 1951P June 1950 11*2.3 159,1* 11*0.1* 165.5 166.0 183.8 1,161* 1,123 882 1,153 115.0 831* 61*.3 1,01*0 181*.5 131.5 151*. 1 61*. 9 82.1 180.3 182.8 5,1*81 5,1*89 665.5 259 1,010 328 1,008 259 326 21*3 29.7 915 120.9 328 39.2 Cleveland Richmond Atlanta 361* 339 376 37k 339 377 336 325 31*3 1*1.7 1*1.9 l*l*.l* Chicago S t , Louis Minneapolis 66l 259. 662 260 216 6ll* 237 .203 85.5 29.7 27.1* Total 1,090 1,2l*6 l,2l*8 1,096 1,083 1,050 1,098 1,061*. 883 683.1 768.3 Federal Reserve D i s t r i c t : Boston New York Philadelphia Kansas City Dallas San Francisco - - Pre liminary, S 231* W 1,12k 2311 21! 31*. 2 •308' ' • 2 6 | 1*5.5 1,129 1,063 125.1* 30.8 36,1* 12 l*.l* 11*0.9 1*8.9 37.7 1*6.7 1*0.6 52.8 1*8.1* 1*6.5 53.8 92.1* 32,3 95.1* 36.0 28.5 27.8 3 °.0 1*1*.5 35.1 1*1.1* 127.1* 150.7 G.18.1 - 2 •». CONSmm INSTALMENT CREDITS OF COMMERCIAL BANKS BY TYPE OF CREDIT (Estimates• Year and month - Total In m i l l i o n s of d o l l a r s ) Automobile r e t a i l Other r e t a i l •Repair & Personal" moderni- • i n s t a l • purchased z a t i o n ment cash and d i r e c t Purchased D i r e c t Outstanding a t end of period: 1,6 9k 6k 165 3i16 570 85U l,lii3 288 1 k3 68 75 100 275 523 751 -952 1,267 23U 15U 89 Qk 12k 273 500 636 781 905 1,862 5)08U 5)291 5,lt93 5,685 5,756 5,661 5,615 • 992 i,o5o 1,110 I,lk3 1,177 1,180 1,159 l,li;3 1)035 1,096 1,158 1,217 1)251 1,251 1,2 3k 1,223 1,0-28 1,06k 1,112 1,178 1)258 1,282 1)261 1,267 80U 83U 851 872 891 905 907 905 5)6io 1,116 1,096 1,079 1,072 1,083 1,090. 1,219 1,222 1)232 1,21*2 1,218 1,2146 1,268 1)217 1)190 1,153 1,123 1,098 890 .877 87I4. 875 882 883 1.117 1.118 l,ll|l l,lU8 1-153 1,16k 721 768 78 9 7 99 ?82 61+7 517 562 lk8 165 .171 ;.157 152 123 91 1 9U i6k 18U 191 190 17U 132 101 1'17 163 151 167 187 211 166 12U Ikl 7k 82 80 82 75 71 55 k8 172 183 177 183 170 155 lit 6 162 606 536 638 625 683 666 98 93 109 118 iho lk2 137 132 160 153 166 160 lk7 117 123 125 132 115 kl kl 5156 65 6k 177 153 19$ 171 X l 81f 8U5 516 557 •7k2 l',591 2,701 3)563 li,itl6 k,6k5 1950 - May . June JulyAugust September October November December 1951 - January February March April May p June p U51 28 9 226 2b7 315 57 2 796 870 -9ltU 1,107 • • 310 123 79 96 139 306 536 736 • 915 1,223 19U1 19k2 19h3 19UU 19it5 19U6 19U7 19U8 19ii9 1950 5)53e 5; 516 5,181 111 136: • - 5U • 5 5 1)003 1,0&0 1,060 1,083^ 1 1C > W 1,105^ 1,100 1,107 Volume extended during month: L950 - May June July August September October November December 1951 January February March April May p June p p—Preliminary,
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