Full text of G.18 Consumer Instalment Credit at Commercial Banks : January 10, 1975

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CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
NOVEMBER 1974
Consumer i n s t a l m e n t c r e d i t e x t e n d e d a t commercial banks f e l l $802 m i l l i o n
i n November from O c t o b e r , r e p r e s e n t i n g t h e l a r g e s t d e c l i n e i n more t h a n a y e a r . A l l
g e o g r a p h i c a l a r e a s and a l l major c r e d i t t y p e s s h a r e d i n t h e lowered l o a n volume.
Commercial b a n k h o l d i n g s of i n s t a l m e n t c r e d i t r e f l e c t e d t h e e f f e c t of t h e
r e d u c e d e x t e n s i o n s , d r o p p i n g $476 m i l l i o n i n November t o $ 7 2 , 8 9 6 m i l l i o n . Token g a i n s
i n c r e d i t c a r d and home improvement o u t s t a n d i n g s were no match f o r t h e $429 m i l l i o n
drop in automobile p a p e r .
Consumer I n s t a l m e n t C r e d i t a t Commercial Banks
Amounts . o u t s t a n d i n g
.Change from:
Year
Month
ago --T ago

Type of c r e d i t

Nov. 30,
1974

Nov.
1974

Volume extended
Change
Year
Month

31,012

-429

-492

1,652

-363

-649

18,981
12,031

-265
-164

-217
-275

989
663

-230
-133

-401
-248

7,846
7,700
6,469
4,490
2,362
13,017

97
. - 9
- 61
10
- 14
- 70

1,675
1,431
492
185
434 - 326
511
179
277
297
838
857

-119
- 33
- 88
- 37
- 47
-115

157
-102
- 89
- 9
29
-107

72,896

-476

3,735

-802

-770

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta

2,836
8,386
4,310
5,612
7,174
8,251

- 24
- 11
- 36
- 36
-109
- 73

Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

9,809
3,835
2,198
4,188
4,410
11,887

Automobile paper, t o t a l
Purchased
Direct
O t h e r consumer goods: C r e d i t c a r d s
Mobile homes
All other
,
Home improvement l o a n s
Personal loans: Check-credit
All other
Total

4,927

F e d e r a l Reserve D i s t r i c t :

.




-

78
29
3
23
51
3

165
578
196
373
- ' 1316
614
168
188
160
100
878

212
602
225
328
414'
526
650
248
• 125
320
301
976

-

.

33
90
46
73
76
87

-116
- 35
- 41
- 53
- 56
- 96

4

- 23
-47
- 69
- 63
-140
-160
-

99
13
12
23
73
- 48