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July 6, 1971 CONSUMER INSTALMENT CREDIT AT COMMERCIAL.BANKS MAY 1971 Consumer instalment credit outstanding at commercial banks amounted to $42,482 million at the end of May, an increase of $388 million from April 30. All major types of outstanding credit expanded during the month with automobile paper accounting for more than half of the total increase. Instalment loans made to consumers in May were $277 million below the April volume. Only repair and modernization and nonautomotive consumer goods loans increased during the month but all types were larger than in May 1970. Consumer Instalment Credit at- Commercial Banks (Estimates, in millions of dollars) Amounts outstanding Chang*s from: Month Year ago ago May 31, 1971 Type of credit Volume extended Change from: Year Month ago ago May 1971 20,303 Other consumer goods: Credit cards Other Home repair and modernization loans Personal loans: Check-credit Other ' Total + 68 1 , 6 # -131 +145 + 93 +117 -239 +307 966 690 - 89 - 42 + 34 +111 ..3,083 5,593 2,729 1,178 .9,596 + + + + + +589 +420 + 24 +147 +719 489 . - 48 + 7 410 150 + 14 140 - -21 826 - 98 42,482 Purchased Direct +210 12,361 7,942 Automobile paper, total +388 21 60 27 4 66 +1,967 3,671 -277. + + + .+ + 81 41 14 _4 45 +330 Federal Reserve District: Boston New York Philadelphia Cleveland Richmond Atlanta 1, 790 5,793 2,607 3,408 3,992 4,273 . 13 34 27 32 46 37 '+ 75 5,901 2,198 , 1+ 3 3 , 1,395 V 20 2,287 t'21 2,521 4 32 + 18 6,317 Chicago .St. Louis Minneapolis Kansas City Dallas San Francisco + + + + + + • - 3 +475 + 99 +167 +315 +235 158 490 208 272 351 365 - 14 48 10 31 26 26 + + + . + + + ' 4 14 20 14 35 33 +183 +225 ' + 58 + 56. - 26 +183 517 189 11-7 210 200 594 - 24 - 28 + + + + + + 60 24 10 8 33 75 1/ 7 4 - 59 -
