Full text of G.18 Consumer Instalment Credit at Commercial Banks : July 2, 1953

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.BOARD OF GOVERNORS OF THE -FEDERAL RESERVE SYSTSl*
G.13
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.
.

,

"

J u l y 2, 1 9 #

CONSUi.ZR IITSTALSNT CREDIT AT COMZRCIAL BANKS
MY1953

Consumer i n s t a l m e n t c r e d i t held by commercial banks a t t h e end
of Hay i s estimated a t '8,IU*1 m i l l i o n d o l l a r s . This -was 2 per cent above a '
month ago and 37 per cent above a year ago. The monthly - gain, ivas s m a l l e r
than t h a t reported, f o r A p r i l f o r each type of c r e d i t except r e p a i r and
modernization loans,* Automobile c r e d i t continued t o show l a r g e r gains .
- than the "other components.
• An i n c r e a s e of 5 per cent i n ' volume of c r e d i t extended during
i:sy f o r r e p a i r and modernization. v;as 'more than o f f s e t by decreases i n the
other c a t e g o r i e s . The t o t a l amount of c r e d i t extended i n Hay was 6 per
-cent l e s s than i n A p r i l , but r;as 1j per- cent l a r g e r than i n May 1952.
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 )

i j pe OJ. c r s u i u •

Automobile paper
Purchased
JD-irect
Other?consumer goods paper
Repair and modernization loans
P e r s o n a l loans

Amounts outstanding
Chance from':
May
Year
Iionth
29,
. ago
ago
19#P
1,8$L
l,9lG)
2,011
1,175
1,161

Total

+
+• 65
+ 58 . +
+
+ 29
+ 23. +
+
+ 13

Volume extended
Change from:
Month Year
1953p
ago
ago

636
231
508 ' 266
68o . 255
2Wi
92
229 .201

- 8
- 7
-38
+ h
-13

-12
+ 1
. +18
+ h
- h

+188

+2 ,297 1,0LG

-62

+31

+ Hi
+ 39
+ 11

+ ' 109
+ L72
+
99

5k
208
57

- 3
+13
- 5

+11
+19
+ 2

68
66
69

- 7
- 9
+ 1

+ 6
- h
•+ 1

F e d e r a l Reserve D i s t r i c t :
Boston
Nevr York.
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis .
Minneapolis
Kansas C i t y
DallasSan F r a n c i s c o
p—Preliminary.




390
1,5L5
$02
539
561
558

. + 13 • +
+
+ 10
+
+ 8

137 .
13k
130

1,118
126
331

+ 29
+ 11
+ 9

+ 300
+ llli
+ ; 76

15L
55
35

-17
- h
- 1

+10
+ l
+ l

387

+ 6
+' 9
+ 29

+ 120
+ 152
+ U5ii

h?
61
172

- 2
-20
- 8

- 3
- 5
-32

1,609