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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