View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL

RESER
J u l y 5 , 1972

-G. 1 8

CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
M Y 1972
A
Consumer i n s t a l m e n t c r e d i t o u t s t a n d i n g a t commercial banks a t t h e end of
May e x c e e d e d t h e amount owed a month e a r l i e r by a r e c o r d . $ 8 8 4 m i l l i o n w i t h more t h a n
o n e - h a l f of t h e i n c r e a s e i n a u t o m o b i l e c r e d i t . P e r s o n a l l o a n s and m o b i l e home l o a n s
a c c o u n t e d f o r most of t h e r e m a i n d e r .
A new peak of $ 4 . 7 0 b i l l i o n i n new l o a n s e x t e n d e d d u r i n g May exceeded t h e
A p r i l f i g u r e by n e a r l y o n e - h a l f b i l l i o n . A l l t y p e s of c r e d i t showed i n c r e a s e s w i t h
a u t o m o b i l e c r e d i t r e f l e c t i n g n e a r l y o n e - h a I f t h e g a i n and t o t a l o t h e r consumer goods
more t h a n o n e - f o u r t h .
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 )
Amounts o u t s t a n d i n g
Volume e x t e n d e d
Chang'e f r o m :
Change f r o m :
Maf 31,
Type of c r e d i t
Month Year
Month
Year
1972
1972
ago
ago
ago
ago
Automobile paper,

total

22,911

+234

+489

+ 1 , 2 8 6 1,262
+1,322
883

+133
+101

+296

+ 43
+139
+ 22
+ 52
+ 29
+122

+

434
658
295
N.A .
N.A.
182
+ 196
201
+ 248
204
+ 966 1 , 0 1 6

+
t
+
+
+
+

+169
N.A.
N.A.
+ 51
+ 64
+190

48,032

+884

+5,550 4,701

+486

1,895
6,224
.2,943.
3,726
4,690
5,036

Total

+ 2 , 6 0 8 2,145

+278
+199

3,517
4,842
1,849
2,925
1,426
10,562

Other consumer g o o d s : C r e d i t c a r d s
Mobile homes
Other
Home r e p a i r and m o d e r n i z a t i o n l o a n s
Personal loans: Check-credit
Other

+477

13,647
9,264

Purchased.
Direct

+ 24
+ 89
+ 67
+ 63
+ 98
+104

+
+
+
+
+
+

+
+
+
+
+
+

6,516
2,584
1,561
2,653
2,884
7,320

+112
+: 33
> 31
+ 66
+ 50
+147

72
58
25
33
35
29

+-1,030

Federal Reserve D i s t r i c t :
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta

t-

Chicago
S t . Louis '
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o
N.A.

Not a v a i l a b l e .




x

.

105
431
336
318
698
763

'+ 615
+ 386
+ 166
+ 366
+ 363
+1,0031

193
592
272
333
471
502

16
50
32
30
54
69

+ 60
627
+ 5
222
'142 . + 24
+ 42
286
256. + 23 .
+ 81
:805

+ 33
+102
+ 64
+ 61
+120
+137
+110
+ 33
+ 25
+ 76
+ 56
+211