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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G-.iS •. February 2, 1959 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS DECEMBER 1958 Consumer i n s t a l m e n t c r e d i t held "by commercial banks i n c r e a s e d f u r t h e r i n December t o an estimated $12,730 m i l l i o n a t the month-end. A l l types of c r e d i t were l a r g e r than a month e a r l i e r , except r e p a i r and modernization*loans. T o t a l b a l a n c e s - a t the year-end d e c l i n e d f r a c t i o n a l l y from the year-ego l e v e l . C r e d i t extended during December was 17. per c e n t above* November and 10 p e r c e n t above a year e a r l i e r . Consumer I n s t a l m e n t C r e d i t a t Commercial.Banks ( 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 ) Type of c r e d i t Amounts o u t s t a n d i n g Chanrto from: Month Year 3R0 eco Dec. 31j 1958 Automobile paper ;• Purchased 3,938 Direct i ' 2,191 Other consumer goods paper 2,324 Repair and modernization loans 1,613 2,664 P e r s o n a l loans + + + + 21 -192 22 - 3 4 28 -143 1 + 33 43 +313 • 12.730 I +113 • - Total -'23 Volume extended Change from: Month Year ago a%o Dec. 1958 45 50 31 7 78 + 16 + 38 + 12 0 + 55- : 362 240 266 94 395 + + + + 1,357' +197 +121 69 215 • 94 + 12 + 23 + 23 + 5 + 27 + 19 Boston New York -Philadelphia i . 1 % ! + 1 - 15 2,181 i + 3 + 21 + 1 3 + 11 - 898' Cleveland Richmond Atlanta 869 914 . 1,045 + 6 + 10 + 14 - 49 + 34 + 58 89 106 125 + 17 + 18 + 11 + 9 +• 5 + 14 1,739 5^6 482 + 18 + 5 + 5 -124 - 7 + 42 184 58 53 + 26 + 9 + 7 + + + 632 669 2,070 .+ 6 '+ 6 + 26 + 50 - 21 - 23 F e d e r a l Reserve D i s t r i c t : Chicago St., Louis Minneapolis ^ . Kansas.City Dallas San F r a n c i s c o + 8 70 +. 16 77 . 217 • + 27 6 4 3 + 4 + 5 + 20
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