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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.18 January 5, 195U COMSUIER INSTAIMENT CREDIT. AT COMMERCIAL BANKS NOVEMBER -1953 / Consumer i n s t a l m e n t c r e d i t . h e l d by commercial banks a t t h e end of November d e c l i n e d s l i g h t l y as a r e s u l t of d e c r e a s e s i n a l l t y p e s of c r e d i t except r e p a i r and modernization l o a n s . The amount o u t s t a n d i n g a t the end of the month i s estimated a t 8,881 m i l l i o n d o l l a r s , 22 per cent above a year ago. Extensions of c r e d i t during November were l e s s than i n the preceding month f o r each type of c r e d i t . - The t o t a l of 81+9 m i l l i o n was 11 per cent below a month ago and 7 per c e n t below a year ago. 1 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 l o a n s Personal loans /mounts o u t s t a n d i n g Change from: Nov. Year 30, Month ago. ago 1953 Volume e x t e n d e d ^ Change from: Year Month ago Nov. 1953 + 578 + 322 + 368 + 173 + 13C 189 171 216 85 188 - 33 - 27 - 23 - 15 -" 9 -23 -3b -12 zKL +1,571 8k9 -107 -66 hh2 1,675 603 + 5 + 7 + 3 ' + 112 + 3b3 + 130 b'Q 161 57 598 596 581 - 2 0 - 6 + 127 + 10ii • , 4- 90 Chicago S t . Louis Minneapolis 1,172 hii3 319 0 - 2 - 2 + + + 231 70 6o 133 hi 28 Kansas City Dallas "San F r a n c i s c o 365 155 1,632 - 5 - 9 -16 + + + U6 ii5 213 38 35 130 Total 2,150 1,920 2,027 1,303 1,181 - 7 -19 8,881 - 5 - 5 + 8 Federal Reserve D i s t r i c t : . Boston New York Philadelphia Cleveland Richmond Atlanta 57 62 59 - b ' + 8 : - 2b' ; - 7 - 8 -15 8 8 7 + 3 0 - 3 - 5 - 5 - 11 +10 • - 3 + 1 - 2 - 10 - 15 - 2 • : -l6 -U2 - /
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