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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 : Type of c r e d i t O c t . 31, Year Month | 1974 ago Automobile paper, Banks Volume e x t e n d e d Chang* Oct. Year Month 1974 ago ago 1 j 31,441 56 2,015 - 33 -620 -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 Purchased • Direct -262. 19,246 j 12,195 total - 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 . . ,
