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F E D E R A L R E S E R V E statistical release February 5, 1971 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS DRCRM1ER IPTH. Consumer i n ; 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 i n c r e a s e d S155 m i l l i o n i n December t o 5 4 1 , 8 9 5 m i l l i o n and was S i , 5 9 0 , m i l l i o n l a r g e r t h a n a t t h e close of.1969. ' I n s t a l m e n t l o a n v o l u m e , w h i c h u s u a l l y expands" a t t h i s t i m e of t h e y e a r , was $505 m i l l i o n l a r g e r i n D e c e m b e r t h a n i n t h e p r e c e d i n g m o n t h . - A b o u t h a l f o f t h e i n c r e a s e was i n c r e d i t c a r d e x t e n s i o n s w i t h m o s t of t h e r e m a i n d e r i n other, consumer g o o d s and p e r s o n a l . l o a n s . A m o d e r a t e y e a r - t o - y e a r g a i n i n t o ' t a V v o l u m e o f i n s t a l m e n t l o a n s was a t t r i b u t a b l e t o g r e a t e r a c t i v i t y i n t h e c r e d i t c a r d and o t h e r consumer g o o d s s e c t o r s w h i c h more t h a n o f f s e t t h e c o n t r a c t i o n in a u t o m o b i l e l o a n s . Consumer I n s t a l m e n t C r e d i t a t C o m m e r c i a l B a n k s ( 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 credit / Automobile paper, : total Total j Volume e x t e n d e d 1 Change from: Year j Month 1970 ago j ago : 20,020 ' -262 ! -384 1,173 ; - 10 -177 : Purchased Direct ' O t h e r consumer goods": C r e d i t c a r d s Other Home r e p a i r a n d m o d e r n i z a t i o n Personal loans: Check-credit - • • Other Amounts o u t s t a n d i n g !- Change 31, !. Month j Year 1970 ! ago | ago , Dec. 12,433 i" - 1 9 5 ! -351 703 ! - 15 -110 * 1 + 5 7,587 . - 6 7 5,528 33 1 1,153 I ; , 9,329 ; + 6 7 i ' 41,895 - 1 9 + 35 i ; +155 + +116 +130 i " 12 162 ' + 36 811 +5761 i 98 +171 +134 . | +119 3,390 1,804 ! +' + 5,783 2 : 77 + 19' +587! . •1.Less than 0.5 m i l l i o n . + - 5 +234 i : ^ + 14 9 5,870 i + 2 , 5 7 8 . i 3. : : 3,843 4,194 St. L o u i s Minneapolis Kansas C i t y - Dallas San F r a n c i s c o - 3,398 : ' 2,078 ' ! 1,360 , 2,249 ,- 2,458" , 6,280 , : : 3 4 j + 12 1 -10 -r 6 - 18 + 55 ; 80; - 1/ + 6 + 1 +505 ! : 67 +256 Federal Reserve D i s t r i c t : - Boston "New York Philadelphia' "Cleveland . Richmond - ! 431 9, :+1,590 470 • - 715 +395 1 , + 8 8 ' 2.760 i - +823' +246 3,105 88 1 153 I + 2ai 513 ; +101 i + - 2 + 48 170 ' 9 j - io" 232 314 4 ; + 5 +230 334 j • + 17 , + 41 i + 41 - +236; ! - - + 77 ' +1251 + 23 ' + 33: 472 | +114 | + i + -130; + 76 j 169 92 187 .'175 579 30 4 :. + 23 ; ; + 21 5 | + 84 | 9 " 14 + 20 : - 9 : + 29 - 42 + 48
