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s BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.18.1 m/!y CONSUMER INSTALMENT CREDITS OF C OIJl'iERlg^ BAN A # APRIL 1951 ,07-61™-— Consumer instalment c r e d i t outstanding a t commercial isanks on April 30 showed a s l i g h t decline f o r the s i x t h consecutive month, and a t the month-end i s estimated a t 5*489 m i l l i o n d o l l a r s . These balances continued s u b s t a n t i a l l y above the ysar-ago l e v e l . During t h e month the amount outstanding on loans made d i r e c t l y t o consumers f o r the purchase of durable goods increased s l i g h t l y i n c o n t r a s t t o a s l i g h t decrease in the amount of such paper purchased from r e t a i l e r s . The volume of c r e d i t extended i n April was down 2 per cent from March, but showed a y e a r - t o - y e a r gain of 3 per c e n t . CONSUMER INSTALMENT CREDITS OF COMMERCIAL BANKS, APRIL 1951 (Estimates. I n m i l l i o n s of d o l l a r s ) Type of c r e d i t # # W Automobile r e t a i l Purchased paper Direct loans Other r e t a i l Purchased and d i r e c t Repair and modernization loans Personal instalment cash loans Volume extend led Amounts outstanding | Apr. Apr., Ear. Apr. Mar. Apr. 30, 31, 30, 195lp 1950 1951P 1950 195'lp 195 l p 1,072 1,2242 1,079 1,232 953 992 117.2 152.9 108.7 160.1 129.9 141.1 1,152 875 1,148 1,190 874 1,111 983 780 980 123.7 56. 4 172.6 123.3 51.6 194.7 129.4 52.4 154.4 5,489 5,516 4,688 622.7 638.4 607.2 261 1,011 326 262 1,017 327 224 836 315 29.7 114.0 35.8 30.2 116.7 37.5 26.5 104.2 40.1 Cleveland Richmond Atlanta 375 340 379 380 341 380 302 300 314 42.8 38.3 43.2 46.6 39.7 45*8 40.7 38.8 41.9 Chicago S t . Louis Minneapolis 661 258 212 664 256 209 563 217 186 81.5 30.4 23.6 81.1 31.3 20.9 74.7 27.6 23.3 197 .. 229 , . 230 ' :,303 • 248 ^ A " • 1,132 1,117 .• ;:,986 29.0 41.3 113.1 28.8 40.5 119.3 28.9 36.0 124.5 Total Federal Reserve D i s t r i c t : # • * Boston New York Philadelphia Kansas City Dallas San Francisco p—Preliminary. 0.18.1 — 2 — CONSUMER INSTALMENT CREDITS OF COMMERCIAL BANKS BY TYPE OF CREDIT (Estimates. Year and month Total In millions of dollars) Automobile r e t a i l Purchased iDirect Other r e t a i l Repair & Personal modern- i n s t a l purchased i z a t i o n ment cast and direct Outstanding at end of period: 1941 1942 192*3 1944 1945 1916 1917 1948 1,69k • 19h9 1950 ' 845 516 557 742 1,591 2,701 3,563 4,4l6 5,615 J* W 288 143 68 75 100 275 523 751 922 1,267 234 154 89 84 124 273 500 636 781 905 451 289 226 24? 315 572 796 8?0 944 1,107 964 992 1,035 1,096 1,158 1,217 : 1,251 ; 1,254 1,234 • 1,223 966 983 1,028 1,064 1,112 1,178 1,258 1,282 1,261 1,267 774 780 804 834 851 872 891 905 907 905 969 # 980 1,003 1,040 1,117 1,118 1,141 1,14 c 411 136 54 55 64 165 346 570 854 1,143 310 123 79 96 139 306 536 736 915 1,223 922 953 . • 1950 - March April May June July August September October November December 4,595 4,688 4,862 5,084 5,291 5,493 5,685 5,726 5,66l 5,645 1,050 1,110 . 1,143 1,177 1,180 1,159 1,143 1951 - January February March p April p 5,610 5,530 5,516 5,489 1,116 1,096 1,079 1,072 1,219 1,222 1,232 1,242 1,268 1,217 1,190 1,152 890 877 874 875 646 607 721 768 789 799 782 647 517 562 142 130 148 165 174 157 152 123 91 94 151 141 164 184 191 190 174 132 101 117 139 129 163 154 167 187 211 166 124 141 42 52 74 82 80 82 75 71 55 48 172 155 172 183 177 183 170 # 155 146 162 606 536 638 623 98 93 109 117 137 132 160 153 147 117 123 124 47 41 51 56 177 153 # 992 1 # 1,108 # 1,105 1,100 1,107 e Volume extended during month: 1950 - March April Hay June July August September October November December J anuary February March p April p P—Pr elimi.na.ry. • • m #
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