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.J

FEDERAL

y* «

RESERVE

s t o t is t i c a I

2.3S'

r el e a s e
January 5, 1972

-

.

EDSwU. ^ ^ o ^ O N S i y E R INSTALMENT CREDIT AT COMMERCIAL BANKS
o?
NOVEMBER 1971
Consumer instalment credit outstanding at commercial banks at the end of
November amounted to nearly $45.4 billion, an increase of $449 million from the
amount owed a month earlier. All major types of credit rose during November with more
than one-half of the total increase occurring in automobile paper.
The volume of instalment credit extended by banks rose moderately from
October to November and was substantially greater than a year earlier when extensions
of auto credit were reduced by work stoppages in the industry.
Consumer Instalment Credit at Commercial Banks
(Estimates, in millions of dollars)

Type of credit

Amounts outstanding
Change from:
Month Year
ago
ago

Nov. 30,
1971

Volume extended
Change
Year
Month
ago
ago

Nov.
1971

Purchased
Direct

21,695

+254

+1,413

1,794

+ 46

+611

13,015
8,680

Automobile paper, total

+ 83
+171

+ 387
+1,026

1,013
781

- 7
+ 53

+295
+316

+ 55
+ 8

Total

3,269 . + 30
6,143
+ 81
+ 86
4,348
1,795
- 5
2,875
+ 1
1,300 - + 14
io;ii4 . + 69

410
703
N.A.
N.A.
+
96
+ 182
+ 852

583
359
222
137
136
167
892

+ 8
- 9
+ 10
+ 69

+124
+ 44
N.A.
N.A.
+ 26
+ 41
+200

45,396 • +449

Other consumer goods: Credit cards
Other:
Mobile homes .
Other
Home repair and modernization loans
Personal loans: Check-credit
Other

+3,656

3,931

+179

+1,046

+
+

Federal Reserve District:
1,852
6,088
2,802
3,614
4,347
4,646

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
StLouis
Minneapolis
• Kansas City
Dallas
San Francisco
N.A.

Not available.

.

* Less than 0.5 million dollars.



+
+
+
+
+
+

3
37
30
31
58
85

+
+
+
+
+
+

50
382
221
211
518
443

156
519
225
279
394
458

6,253
2,390
1,488
2,475
2,714
6,727

+
+
+
+
+
+

44 +
39 ; +
7 +
23 +
24 +
68 +

417
324
118
232
238
502

491
203
133
224
217
• 652

+
+
+
+
+

5
35
13
2
29
55

+ 31
+107
+ 64
+ 64
+121
+165

- 7
+ 19
- 3
+ 14
- 3
+ 24

+133
+ 64
+ 17
+ 60
+ 63
+157