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FEDERAL
statistical

RESERVE

release
January 4, 1968

CONSUMER INSTALMENT CREDIT A T COMMERCIAL BANKS

dA(.d*Jf

NOVEMBER 1967
Balances owed on personal loans and other consumer goods paper increased
at commercial banks in November, but this was partially offset by declines in the
auto and home repair categories. At the end of the month, total consumer instalment credit outstanding at the commercial banks amounted to $33,819 million, or .
close to 45 per cent for the total of all holder groups.
New credit extensions during the month were generally lower than in
the previous month. A u t o extensions were down $97 million, largely because of
reduced activity in purchased paper. For all instalment loans combined, the
November volume was off $136 million from October but was up $ 1 3 8 million from
November 1966.
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

Amounts outstanding
Change from:
Year
Month

Nov. .30,
1967

Volume extended
Change from:
Year
Month
ago

Nov-.
1967

17,973

-

5

+

438

1,309

- 97

- 30

11,428
6,545

- 35
+ 30

+
+

50
388

797
512

- 64
- 33

- 51
+ 21

5,696

+ 40

+

729

471

-

1

+ 57

2,534
7,616

- 5
+ 66

+

49
723

111
742

- 5
- 33

+
9
+102

33,819

+ 96

+1,841

2,633

-136

+138

Federal Reserve District:
Boston •
New York
Philadelphia

1,480
4,323
2,011

+
+

1
3
8

+
+
+

67
88
103

"- 12
112
328
- 15
148 , - 4

+ -'5
+ 20
+ 12

Cleveland
Richmond
Atlanta

2,772
2,554
3,269

+ 13
+ 11
+ 33

+
+
+

230
97
434

191
200
295

- 16
- 11
- 28

7
+ 10
+ 26

4
6
3

+
+
+

23
123
96

357
120
95

- 26
+
1

- 5
+
2
+ 19

+ 20
+ 12
- 8

+
+
+

257.
143
180

160
187
440

8
+
6
- 23

• Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco


1/ Less than 0.5 million.


4,976 . +
1,602
+
1,094
1,886
2,120
5,732

/#2»

1/

+ -22
+ 28
+
6