View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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