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BOARD OF COVKRmiiS OF THE FEDr:R_AL\ RESERVE SYSTEM
G.18

"

December U, 1956

' ' COWSUl'IER INSTAU.^^ CREDIT AT'COi-CIERClAL BANKS
OCTOBER 1956
Consumer i n s t a l m e n t c r e d i t o u t s t a n d i n g a t commercial
banks i n c r e a s e d $53 m i l l i o n i n October t o an e s t i m a t e d £11,606
inillicm a t t h e month-end. The monthly r i s e r e f l e c t e d i n c r e a s e s
i n a l l types of c r e d i t except automobile p a p e r , which d e c l i n e d
s l i g h t l y f o r the second c o n s e c u t i v e month. T o t a l balances cont i n u e d about 12 per c e n t above the year-ago l e v e l .
The volume of c r e d i t extended during October amounted
to •31_,2)-th m i l l i o n , 16 per cent above a month e a r l i e r ' a n d 9 per
cent above a year e a r l i e r .
Consumer I n s t a l m e n t C r e d i t a t Commercial Banks
( E s t i m a t e s . In m i l l i o n s of d o l l a r s )
Amounts outstanding
Cnans:e fi
tear
" O c t . 31, l b nth
ago
ago
1956-

T'VT)^
t
l> Utr Ji f* pfpHi
^icalU
(

Automobile paper
Purchased
Direct
Other consumer goods_paper
Repair and modernization l o a n s
Personal l o a n s

3,58L
2,180
2,332

Total
F e d e r a l Reserve D i s t r i c t ;

Cleveland
Richmond
Atlanta

1 , U 2 1

+16

+

2,096

+

+

2

W2
137
313
96
186

11,666

+ 58

1 +l,19h

623
2,01h
650

+
5
+ l
+
5

169
+ • 111

• 791
767
82$

Chicago
S t , Louis •
Minneapolis




+
+

Volume extended
~ Change from:
Mo nth
Year
ago
' 3RD
+ 33
' >15
+ 90

320
19U

330
. Ill
289

+

12

+ 2^

1,210! j

--17U

-33
-12

+98
+

2

+ 13
. + 98

!

Boston'
!:ew York
•r-niladelpliia

• Kansas C i t y
" Dallas
. ban Francisco

- 7
-19
+ 61

Oct.
1956

1,719
518
388

"

508"
618
1,9#

o*.
+

83

+

2
2

58

+ 65
- l
- h

+

- 3

>

- 3

- 7

95
U7

8b •
82
91

313
2Ui
h8
25
20 ~ - . l i l
18
71

I81i

'•+ 11
26
"12

• 70
201
81

55

67
180

+

9
6
6

+ 79
+
, 1
•

\

+
+
+

h

8
k
8

+

9

+ lii
I
h
+

+ 10
0
-

8

+ 8U

- 7
- 2
- 1
+ 8
-13