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P.C.S'

FEDERAL

RESERVE

' G .18

December 9 ,
.

.1974

CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
OCTOBER 1974

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 c o m m e r c i a l b a n k s was $ 7 3 , 3 7 2 m i l l i o n
a t t h e end of O c t o b e r .
The $ 8 3 m i l l i o n d e c r e a s e d u r i n g t h e month o c c u r r e d a s m o d e r a t e
g a i n s i n n o n a u t o m o t i v e c r e d i t - fa i l e d to o f f s e t a $262 m i l l i o n d r o p i n a u t o m o b i l e p a p e r
held.
'
.
I n s t a l m e n t l o a n s e x t e n d e d t o c o n s u m e r s i n O c t o b e r w e r e $27 m i l l i o n a b o v e t h e
S e p t e m b e r l e v e l , w i t h i n c r e a s e s and d e c r e a s e s a b o u t e v e n l y d i s t r i b u t e d g e o g r a p h i c a l l y
a n d by t y p e of - c r e d i t .
'
Consumer I n s t a l m e n t C r e d i t a t Commercial
( E s t i m a t e s , i n m i l l i o n s of d o l l a r s )
Ampunts o u t s t a n d i n g
Change f r o m :
O c t . 31,
Type of c r e d i t
Year
Month |
1974
ago
Automobile paper,

total

Purchased
• Direct

Banks
Volume e x t e n d e d
Chang*
Oct.
Year
Month
1974
ago
ago

1
j 31,441

-262.

56

2,015

- 33

-620

19,246
j 12,195

-143
-119

123
- 67

1,219
796

43
- 76

-392
-228

7,749
7,709
6,530
4,480
2,376
13,087

111
3
3
35
28
• 1

1,758
603
518
530
316
964

1,550
218
414
216
344
972

83
- 12
24
- 15
- 15
- 35

326
-130
- 41
1/
70
- 45

73,372

- 83

4,745

5,729

2,860
8,397
4,346
5,648
7,283
8,324

7
36
32
2
63
45

Other consumer goods:

Credit cards
M o b i l e homes
••
All other
Home, i m p r o v e m e n t l o a n s
- Personal-loans: Check-credit
All other
Total

.

'

27

-440

7-cderal Reserve D i s t r i c t :
- Boston
New Y o r k
. Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas •
San F r a n c i s c o
li

. .

~

L e s s t h a n 0 ."5 m i l l i o n .




j

'
:
:
j

9,887
3,864
2,201
4,211 |
4,461 ,
11,890- j

-

13
8
17
6
- 27

208
636.
253
457 1
163
482 j

.

-

15

|
i

794
210
183
189
164 '
1,006

245
692
271
401 .
490
613
766
283
166
373
357
1,072

4
21
15
2
1/
9

- 11
7
- 76
- 30
-136
- 94

13
2
19
21 '
-48
I
9

- 80
-.19
16
14
- 39
8

.

.
,