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FEDERAL statistical R/'ES E'R V E release December 5, 1967 G.18 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS tf- /J, OCTOBER 1967 Consuinar .instalment cradit outstanding at commercial banks was- ii^> $86 million in October to $33,723 million at the month-end. The amount owed on both personal loans and "other" consumer goods increased during the month but the -diverse movements in purchased and direct automobile paper resulted in a slight decline in automobile indebtedness. • . The volume of loans made in October was $133 million larger than in September, with automobile loans accounting for virtually all of the expansion. Purchased auto paper showed particular strength but it was.still below the October 1966 volume. Year-to-year gains in other major types of credit brought the total volume of extensions to $249 million more than in the corresponding month last year. < • Consumer Instalment Credit at Commercial Banks (Estimates, in millions of dollars) , j Type of credit Automobile - paper, total Purchased - Direct. , Amounts outstanding Change from: Year Month ago Oct. 31, 1967 - 17,978 11,463 . 6,515 . • Other -consumer goods Home re pair--and modernization loans 1 •Personal loans TOTAL 9 . - 34 + 25. Volume extended Change from: Year Month ago ago Oct. 1967 + 493 1,406 +156 + 42 + + 110 383 861 545 + 90 + 66 - 20 + 62 5,656 + 37 + 746 472 - 22 + 67 2,539 7,550 1 + 57 + 54 660 116 775 + 1/ +140 33,723 + 86 +1,845 2,769 1,4^1 4,320 2,003 T - + + + 2,759 2,543 3,236 + 6 . + 7 + 47 4,930 1,596 1,091 + 3 2 +133 ' +249 Federal Reserve District: Boston New York Philadelphia Cleveland Richmond Atlanta - Chicago St. Louis Minneapolis Kansas City Dallas DigitizedSan forFrancisco FRASER .• . http://fraser.stlouisfed.org/ 1/- Less than 0.5 million. Federal Reserve Bank of St. Louis 1,066 2,108 5,740 . 66 73 97 1,24 343 152 + 6 + 31 + 2 + 14 + 45 + 14 +- 240 + 85 + 437 207 211 323 + 14 + 16 1/ + 14 + 21 + 4C 9 2 4 + + + 46 127 94 383 119 . 95 + + 6 2 y 7 + 1 + 12 + 14 21 11 - 6 + + + 241 138 201 168 181 463 + 10 + 12 + 31 1 9 1 + 28 + 12 + 26 . . •