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FEDERAL
statistical

^

RESERVE

release

February 6, 1967.

G.18
*

CONSUMER-INSTALMENT CREDIT, A T COMMERCIAL BANKS
DECEMBER 1966

• Consumer instalment credit outstanding at commercial banks- increased
$177 million in December to,$32,155 at the year-end. About three-quarters of the
expansion was in other consumer goods credit with most of the remainder in personal
loans. For the year 1966, however, automobile paper accounted for approximately
• one-half of the $2,982 million increase.
The December volume of credit extended showed little change
from the preceding month and was somewhat smaller than in the closing month of 1965.
The reduction in automobile loan volume in December reflected in part the contraction in the new car market.
Consumer Instalment Credit at Commercial Banks
(Estimates, in millions. of dollars)

Type of credit

Automobile-paper; total
Purchased
Direct
Other consumer goods
Home repair and modernization
-Personal loans
TOTAL.

Volume extended
Change from:
Month | Year
1966.
1 ago
2RO
I
-112
1,227

Amounts outstanding
j Change from:
Year
Month
ago
A RO

D e c . 31,
1966
17,535

11,370 '
6,165

! . -91 >

1/

+1,504

8
8

+1,060
+ 444

769
458'

+

- 79 -

33

,

-35
-56

5,101

+134

+

835

505

+ 91

+66

2,567
6,952

- 16
+ 59

+
+

24
619

.93
698

i -• 9
I + 58

-17
-14

32,155

+177

+2,982

2,523

j + 28

-56

Federal Reserve District:

!

i :
5 ;
5

- 4
-45
+ 1

- - 12 !
6 |
+ 19

+ 6
-22
+31

+
+

1
+ .5

+
+
+

91
152
123

108
303
141

2,559
2,456
-2,871

+ 17
1
+ 36

+
"+
+

395
146
388

186
184
288

Chicago
St. Louis
Minneapolis

4,976
1,488
1,004

+ 23
+
9
+
6

+
+
+

425
112
124

382
106
78

+ 20
- 12
+
2

-10
- 4
- 2

Kansas City
Dallas
San Francisco

1,640
1.987
5\614

+ 11
+ 10
+ 62

+
+
+

163
209
654

142
160
445

+ 4
1
+
+ 11

- 5
- 2

Bos ton
•
New Y o r k
Philadelphia
Cleveland
Richmond
Atlanta

1/ Less than 0,5
 million.


1,413
4,234
1,913

V

"

y