Full text of G.18 Consumer Instalment Credit at Commercial Banks : December 3, 1962

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G, 18

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- ci-'--v---1- • •• - ^ D e c e m b e r 3, 1962

CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
'OCTOBER 1962

Consumer instalment credit held by commercial banks increased
$168 million in October, and at month-end amounted to $18,188 million.
All types of loans"increased during the month with automobile paper
accounting for three-fourths of the total expansion.
Extensions of credit, at'$1,766 million, were substantially
higher than,in September, and 15 per cent above the volume of a year
earlier.
Consumer Instalment Credit at Commercial Banks
(Estimates.

In millions of dollars)
1

Type of credit

Amuunu s outstanding
1 Change from:
Year
j Month
ago
ago

Oct. 31,
1962

Volume extended
i Change from:
Oct.
| Month
Year
1962
ago
ago

Automobile paper, total

9,184

!

+126

+1,051

887

+258

+173

Purchased
DirectOther consumer goods paper
Repair and modernization loans
Personal loans

5,982
3,202
2,599
2,198
4,207

j'
!
!
|
|

+ 82
+44
+.13
+11
+ 18

+
+
-

568
319
256
• 130
V
+ 430493

+153
+105
+ 20
+ 13
+ 25

+111
+ 62
+ 1
+ 1
+ 55

|

+168

+1,311

1^766

+316

+230

93
284
108

+ 18
+ 58
+ 17

+ 12
+ 30
+ 5

Total

!

18,188

Federal Reserve District:
Boston
New. York
Philadelphia
. Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
' „ Kansas City
Dallas
San Francisco
1/ Less than 0.5 million.




674
377
170

!
942
2,965
1,211

+ 6
j + 20
I + 11

1,249
1,417
1,416

+ • 8
| + 17
+ 15-

+
+
+

84... • 119
166
144
74
150.

+ 24
+ 31
+ 23

+ 18
+ 23
+ 25

2,712
851
518

; + 40
1 + 15
1. + 2

+
+

230
72
16

271
83
50

+ 61
+ 15
+ 13

+ 46
+ 19
+ 1

857
991
3,059

+ 4
. + 14
| + 16

+
+
+

41
103
270

85
102
277

+ 16
+ 14
+ 26

+ 10
+ 15
+ 26

. +
42
+
190
+
55