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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
-