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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
December 2, 19$k

G.16
CONSUMER IKSTAUIENT CREDIT AT COLCJERCIAL BANKS
OCTOBER 1951

.Consumer instalment credit held by commercial banks
continued to decline -Slightly in October and-at tha end of the
month amounted to 8,637 million dollars. The monthly decrease
resulted from declines in each type of credit except personal
loans. The total amount' outstanding v;as U per cent less than on
the corresponding.date last year. '
The volume of credit extended during October amounted
to- 887 million dollars, about 1 per cent less than a month ago
and ? per cent less than a year earlier.
Consumer Instalment Credit at Commercial Banks
(Estimates. In millions of"co±_ai~s

Type of credit

".mourts ov. ' v3nc:>g
Oct. j Che;:ce fro;.:
j Month
Year
ago
l^L": • ' ago
1.

Automobile paper
Purchased •
Direct .
Other consumer goods paper
Repair and modernization loans
Personal loans

2,237 I
1,663
1,822
1,296
1,61:9

-17
-23
-13
- 3
+ 5

;

6,637

zS

W:9
1^90
607

+ 1
. -10
- 3

12M1-

- 6
—260
-238
- 7
+II44

Vcjv
Oct.
1951-

13

c:"j :nded
h:
from:
Year
Lonih
ago
ago
8
3
9
6
h

-29
-36
-27
-18
+21

837 -

-12

^89

U8
1#
53

+ 3
+ 5
- 1

- 2
-32
-1)4

60
67
73

- 1
- 0
+ 3

- 9
- 2
'. 0

13H
h2
31

-11
0 .
- 1

- 2
- 2
- 2

1:5
US
130-

- 2 •
- u
- 3 -

+ 2
- h
-22

212
158
' 208
85
22L

+
-

Feeeral Reserve District:
Boston
.
Nev: York
. Philadelphia
Cleveland
Richmond.
Atlanta

• +19
- 9a
. + 1

583 - 2
0 .
#7
62p . +h

Chicago
St. Louis
Minneapolis

1,176 . + 3
1:26
- h
- 1
321

Kansas City
Da U s e
San Francisco

3971:36
1,1:30

- 27:
+ 1
+ 15
'- - 10
- 15
+ l

+ 1 •
-31

t/18
- W
| -21,1

The• nevf series on amounts out8tanking is shown in the ITovemc^r Federal Reserve
1212, A table giving revised figuris for volume
'

pages II9O-II9I and
DigitizedBulletin,
for FRASER
extended is. enclosed.


— it. —
R £5—196la
(Revised Nov. 195k)
CONSUMER IMSTAIiEMT CREDIT EXTENDED BY COMMERCIAL BANKS
(In millions of dollars)
Other
Total
' Automobile, paper
Repair and
consumer
Personal
Year or month instalment
modernizaloans
credit
Total Purchased Direct
tion loans
1/^'1-Jan.
Feb.
liar.
Apr .
i:ay
June
July
Aug.
' Sept,
Oct.
Nov.
Dec.
Total
191)2-Jan.
Feb.
Mar.
Apr.
MayJune
July
Aug.
Sept.
Oct.
Nov.
Dec.
Total
1953-Jan,
Feb.
Mar •
Apr.
Hay
June
• July
Aug.
Sept.
Oct.
Nov.
Dec.

216
237
28k
287
3 2k
319
306
373
339
3k2
311
298

101
96
113
123
lii6
lk8
H5
171
159
159
ik5
136

8,3#

3,666

1,612

763
.726

1,0#

326
328
358
385
510
531
178
389
. kl9
162
kl7
165

lk3
lk8
158
178
255
270
237
189
211
233
212
2k0

11,123

5,068

,k7k

630
66k
65k
. 715
695
67k
777
722
"792
'73k
7k5

8#

86k
1,013
1,073

1,021
90%
9k5

1,038
915

:5i8
'L92
k93
kk7
k26
' k35
375
370

230
218
269
271
262
253
259
239
236
2hl
208
.206

5,5ik

,#2

985
913

1,16$
1,128

1,069
1,082
1,065
972
9kk
976

868

932
12,099

UU7
k38
' 5k5

528




1U5
lki
171
16k
178
171
161
#2
180
183/
166
162
2,02k

176
IkO
151
155
165
lk6
lk6
16k
160
196
186
203
1,9881

. 183. ' -190
180
169
200 , _178..
' 20T
207
207
255
261
226
2kl
227
200
215
238
221
229 . 25k
228
205
281
225
2,59k

'

,2,597

217
256
220
215 ,
2?6
290
257
293
256
251
239 . 257
2k6
23k
208 '
22k
190
217
19k
235
167
210
16k - " 255
2,622

2,9k9

k3
37
k8
52
60
60
58
. 66
63
. 78
68
66

165
lk2
181
160
166
170
16k
17k
160
1#
169
. 178

699

2,005.

5k
52
59
75
88
97
98'
98
102
112,
. 90
83

193
177
210
#3
208
219
218
203
203
210
180
226

.

1,008
7k
67
88
'91
9k
106 .
10k.
99
98,
103
89
79
1,092

2,k50
208 ^
193
2k2
216
206
227
222
202
203
203
19k
228
2,5kk

Division of Research and Statistics
Board of Governors of the
•Federal Reserve System

~ 5
R&S-196la
(Revised Nov. 19 5U)
C O N S m E R INSTAD.SHT CREDIT EXTENDED B Y CQAIERCIAL BANKS
(In millions of dollars).

Year or month

.195U-Jan..
Feb.
- Mar.
Apr.
June
' July . •
Aug.
- Sept.
• Oct.
;. Nov.
Dec.

Total
instalment
credit

Total

832
781
968
938
927
1,035 .
9k5
929
899

321
331
. h2h
hl7
112
k66
ai6
Los
381

Apr.
July
Aug.
Sept.
. Oct.
Nov.
Dec.

!

.1%
183
225
231
235
271
23k :
227
.220

135
1L8
199
186
.177
195
182
178
161

58
67
80
81
95
87
87
88
91

2li2
183
201
20k
2Ck
225
201
198
199
"

'

211
#3
263
233
216
257
2U.
238
228

?

|

Total
1955-Jan.
Feb.

Other
Repair and Personal
consumer
modernizagoods
loans
Purchased Direct
tion loans
, paper

Automobile paper "'

!

i
I

-

i

Total




Division of Research and. Statistics
. Board of Governors of the
Federal Reserve System