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BOARD OF GOVERNORS OF.THE fEDHUL RESERVE SYSTEM 0,18 . " February 1, 1957 CONSUIZR INSTALIiK'jT CREDIT AT,C013IERCIAI, BINKS ' DECEMBER 1 9 # ' Consumer instalment credit outstanding at commercial banks increased slightly in December, and at the end of the year amounted to $11,662 million. -The monthly increase of £i±8 million resulted principally from increases in other consumer goods paper and personal loans. Automobile paper was up slightly and repair and modernization loans were slightly below the month-ago level. Total balances were 10 per cent above a year earlier. The volume of credit extended increased 3U5 million from ivovember to December, reflecting increases in all types of credit except repair and modernization loans. Consumer Instalment Credit at Commercial Banks (Estimates. In millions of dollars) . Tyos o c i v d i t Auto mo bi le paper Purchased Direct Other consumer goods paper Repair and modernisation loans Personal - loans Total /counts -outstanding Change from: Dec. 31, t Year ago 1956 ago Volume extended Change; from; Dec. Ho nth Year ago ago 1956 + 1 + 'h + 21 - 1 + 20 + + 11,682 +L8 *1,081 1,193 623 2,02k 867 0 5 + 13 802 76b 822 • 8 - 2 * 3 3,579 2,181 2,388 1,129 2,105 336 •119 . 3L6 91 189 307 ' > 5 • -25 + 207 - 5 5 +lh +ia 29k -ill 82 -12 + 23 303 + 35 +_U5 + 22 0 59' 196 "•+ 9 + U 83 0 1 -12 : 5 Federal Reserve District: r ' Boston "tfcw York Philadelphia • Cleveland Richmond Chicago. St, Louis Minneapolis Kansas City Dalles ^_^San Hrancisco + 78 155 102 + ! + 3 1+ 7 0 . j- 5 + 12 -10 + 101 3U 39 81 80 96 1,778 527 362 + 0 + 9 . + f - 3 299 36 18 193 56 38 -11 • 7 0 / 37 + 3 - 2 .505 625 1,963 + 1 • 6 + 8 10 " 69 lUo 73 186 Sh + 3 + 6+ 12 ' - It t 8 - 5 * . + +