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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




+

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102

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0 . j- 5
+ 12
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39

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527
362

+
0
+ 9 . +
f
- 3

299
36
18

193
56
38

-11
• 7
0

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+ 3
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.505
625
1,963

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