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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

-