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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM July 1, 1958 G.18 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS MAY 1958 Consumer instalment credit held by commercial banks continued to increase in May, and at the month-end amounted to,$12,442 million, $21 million above a month ago." All types of credit shared in the monthly increase except purchased automobile paper and other consumer goods paper. The decline in the latter reflected, in part, large repurchases of paper by retail outlets. Total balances were also above a year earlier. . Extensions of credit during May were down $58 million from the volume of a month earlier, and continued below a year earlier. Consumer Instalment Credit at Commercial Banks (Estimates. Iri millions of dollars) Type of credit volume extended Change from Month I Year i Amounts outstanding CnajQse May 31, j Month : 1958 j ago Automobile paper Purchased Direct Other consumer goods paper Repair and modernization loans Personal loans +299 I 1,228| -56 12.442 Federal Reserve District: Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 060 I .+ -5 2,162 1 + 6 903 j + b • + 41 + 61 •+ 32 j 849 i - ~ 1 - 13. + ^3 + 3 856 + 4o +1496$. •l, 745 550 459 . 609 697 1,967 -26 . - 25 + 2i 0 +8 ! + 40 j -1 +lfr + 54 i + 38; -•5+ X - 7| 1 -134
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