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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G»18 January 3 V 1958 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS DECEMBER 1957 Consumer i n s t a l m e n t c r e d i t held by. commercial banks d e c l i n e d s l i g h t l y irrDec ember, f o r the second consecutive month, and a t the e n d o i t p e month o u t s t a n d i n g balances amounted to $12,7lU m i l l i o n . A l l types ol'. c r c d i t d e c l i n e d , cxccpt loans to consumers f o r the pur-. ch-.se of - automobiles and l o a n s f o r p e r s o n a l e x p e n d i t u r e s . The t o t a l amount o u t s t a n d i n g , however, was about 9 per cent above a year ago. The volume of c r e d i t extended during December was 7 per cent l a r g e r than i n November, and 2 per cent 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 • Automobile paper " Purchased. Direct ' Other consumer goods paper Repair and modernization loans Personal loans ^mounts o u t s t a n d i n g ' Change fromt Year Dec. 31,. ! Month ago 1 ago ! 1957 1 ! '1 I I .Total li,o5L .1 -13 2,3# ! + 2 -13 2 , a # -10 1,527 + 31 2,353 12,71k * * * | 1 1 Doc, |1957 + 8 + 3h -52 - 2 + 37 330 • 1 1 2 2 1 + 11 218 + 9 86 - 8 313 + 55 U03 260 hi 58 2L5 1,228 1,007 • -3 Volume, e xtended j Change from: |Month ! Year ago ago. + 78 . ^25 Federal-Reserve D i s t r i c t : 683 2,179 926 Boston New York Philadelphia Cleveland Richmond Atlanta 899 857 962 . Chicago S t . LouisMinneapolis Kansas C i t y . Dallas San Francisco i 1I i i - h 1i - 9 + 2 —5 + 8 + 5- 1,865 567 ILL -17 - 2 : + h 589 708 2,035 1+ 5 1+ 6 : • h > + + + • + + • + h + 2 + 7 56 171 98 6h + 3 ' 191- • 1 82 + 6 69 69 78 77 - 2 97 +11 107 + lU 153 3U U5 179 + . 5 53 + 5 51 > 1 0 .-5 - 2 + 9 67 98 69 68 + 1 2 76 * 9 183 + U + 11 • 5 - 6 1 - 8 •11 - 3 . i
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