Full text of G.18 Consumer Instalment Credit at Commercial Banks : July 6, 1970

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FEDERAL
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July 6, 1970

CONSUMER 'ra§TAbMSNT CREDIT AT COMMERCIAL BANKS
MAY 1970

'

All major types of consumer instalment credit outstanding at commercial
banks increased in May. The total at the month-end amounted to $40,515 million,
$270 million larger than on April 30 and $2,168 million above the amount outstanding at
the close of May last year.
Loan volume which usually declines from April to May was down - to
$109 million. The decrease occurred largely in automobile credit and in personal loans.
Although automobile loans continued well below the May 1969 volume, loans for other
consumer goods, including credit card transactions, showed substantial year-to-year
gains.
Consumer Instalment Credit at Commercial Banks
(Estimates, in millions of dollars)

Automobile paper, total
Purchased
Direct
Q£her consumer goods: Credit cards
Other
Home repair and modernization loans
Personal loans: Check-credit
Other
Total

Amounts outstanding
Chang
Month Year
ago
ago

May

20,235

+ 87

+

327

1,511

- 33

-183

12,600
7,635

+ 50
+ 37

+
+

59
268

932
579

- 4
- 29

-120
- 63

2", 494

+
+

953
308
16

8,877

+ 39
+ 60
+ 20
+ 9
+""55

+

408
369
136
136
. 781

+
+
-

20
14
10
12
68

+131
+ 30
- 23
- 1
- 49

40,515

+270

+2,168

3,341

-109

- 95

+
+
+
+
+
-

+
+
+
+

154
476
188
258
316
332

- 4
+ 1
- 3
- 12
- 8
- 32

- 10
+ 40
- 11
+ 9
+ 3
6

May 31,
1970

Type of credit

5,173

2,705

1,031

i

+

197

399

Volume extended
Change from:
Month
Year
1970
ago
agio

Federal Reserve District:

1,793

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco


1/Less than 0.5 million.


5,318
2,508
3,241

3,677

4,038
5,718
1,973

1:337
2,231
•

2,547
6,134

15
54
35
42
29
4

+ 52
' + 23
+ 13
. + 19
- 19
+ 11

+

80
449
129
315

282

+

259

+

129

+
+
+
+
+

124
66
68
113
154

457 +
165 +
107
. 202 +
167 519 --

10
10
1/
3
26
48

- 54
+ 14
- 8
- 3
- 64
- 5