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July

1974

CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS /
MAY 1974
. Consumer instalment credit outstanding at commercial banks,passed the
$70 billion level during May, up $777 million from April 30. Automobile credit and
non-automotive consumer goods paper accounted for most of the gain.
Instalment loans made to consumers in May were $6,536 million on ap unadjusted basis, $138 million above the April volume . Credit card usage dominated /the
moderate increase.
Consumer Instalment Credit at Commercial Banks
(Estimates, in millions of dollars)
Amounts outstanding
Volume extended
Changi2 from:
Change from:
Type of credit
May 31,
May
Month
Year
Year
Month
1974
1974
ago
ago
ago
Automobile paper, total

31,137

202

l , 741
"

2,519

22

-278

19,037
12,100

.141
61

1,321
420

1,535
984

11
11

-165
-113

6,887
7,491
6,323
4,135
2,199
12,549

126
92
115
107
19
- 116

1,527
1,170
785
500
331
960

1,406
.312
572
289
301
1,137

70,721

777

7,014

6,536

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta

2,736
7,953
4,212
- 5,401
2,201
8,166

43
57
49
' 76
- 88
102

273
698
511
673
648
. 896

275
727
355
466
651
727

Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

9,474
3,701
2,061
4,070
4,359
11,387

1,164
294
159
262
268
1,168

863
330
179
394
444
1,125

Purchased
Other consumer goods: Credit cards
Mobile homes
All other
Home improvement loans
Personal loans: Check-credit .
All other
Total

105
26
- 9
40
- 4
- 42

325
-.31
19 ,
65
36
44

138

.

180' -

Federal Reserve District:

Less than 0.5 million dollars .




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