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B A D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM OR G.18 July 5>, 1956 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS MY 19# A Consumer instalment c r e d i t held by commercial . banks at the end of May i s estimated at $10,87U* million, $157 million more than at the end of April, All types of c r e d i t contributed to the monthly expansion, but automobile c r e d i t accounted f o r more than half of the in/stease. The t o t a l amount of instalment c r e d i t outstanding wajs about 20 per cent above a year e a r l i e r . Extensions of c r e d i t declined s l i g h t l y i n May, but continued above the year-ago l e v e l . Consumer Instalment Credit a t Commercial Banks (Estimates. In millions of dollars) Type of c r e d i t Automobile paper Purchased Direct Other consumer goods paper Repair and modernization loans Personal loans Total Amounts outstanding Change from: Month Year ago ago May 31, 19# 3,1# 2,228 2,213 1,273 2,003 • > + • + 53 28 38 21 17 • • • • • Volume exts nded Changs from: Year Month .1956 ago ago 691 - '331 3U8. 237 3l*8 277 62 105 197 #9 • 9 - 5 - 29 + 10 - 10 - 1 * - 23 > 32 • 13 'zJS. t-52 • 3h 10,87U •*•157 •1,61*6 1,21*9 58U 1,916 7U5 -• lit • 28 • 15 + 103 • 261 • 106 73 219 85 * 2 * 6 - 2 • 8 • 10 + 15 82 88 95 + 5 • 7 •... 7 > + * 1 1 * 6 - 1*2 * 6 - 2 • : • 7 1 0 + 3 U l Federal Reserve D i s t r i c t ; Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis Kansas City Dallas San Francisco 702 7U7 7it2 + 12 • • 9 • > + 12 • 1,61*9 501 370 + 28 9 • 5 i t 1,822 3 • 10 > 12 103, 100 90 > 310+ • 11 ** • 3k h3 • 1*6 : 5 1 60 7it 18U - 1. 9 2 -
