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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEI: 0.18 - June 2, 1955 G O N S u I # INSTAIIZNT CREDIT AT CCMKERCIAL BANKS AERIL1955 • Consumer i n s t a l m e n t c r e d i t o u t s t a n d i n g a t commercial Banks amounted t o 9,020 m i l l i o n d o l l a r s a t t h e end of A p r i l , 176 m i l l i o n more than a month e a r l i e r . Automobile c r e d i t accounted f o r n e a r l y t h r e e - f o u r t h s of the monthly expansion, while p e r s o n a l loans accounted f o r most of t h e remaining i n c r e a s e . The t o t a l amount o u t s t a n d i n g was about' 300 m i l l i o n above the year-ago l e v e l . The volume of c r e d i t extended i n A p r i l ' was down rs l i g h t l y from the high l e v e l of t h e preceding month, but was 2h per cent above A p r i l 195k. Consumer I n s t a l m e n t C r e d i t a t Commercial Banks ( E s t i m a t e s . 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 kv ;,r-obile paper Purchased ; Direct Other consumer goods paper H - - a i r and modernization loans Personal loans Total Amounts outst; ending Change from? Apr. month Year -'0, ago ago 19# Arr. 19# Volume extended Chan.i'i0 from: Year Month ago + 3 -21 - 2 + 9 - 3 2,371 1,818 I,8k2 1,205' 1,781 + 62 + 67 h + h + ii7 - +191 + 73 - 97 - 76 +207 313 251 232 ' 8U 282 9,020 +176 +298 1,165 L69 1,621 625 + 12 + 29 '+ 9 + 28 - 15 + 19 63 202 70 + 9 + 13 + 2 + • 7 75 86 05 1,262 Ua8 329 + 23^ + 7 + •" 7 +109 +•32 + 12 170 5U U2 - 1 bhd U66 i , m + 15 '+ 11 + 33 + 73 + 8 — 69 66 72 1% - 2 0 + 3 + 82 + 68 + 28 0 + h9 +227 er.nl Reserve D i s t r i c t : Boston . Hevr York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis - Minneapolis S8k 633 615. 1- Kansas C i t y • Dallas • San F r a n c i s c o + + 5 - U - 9 1 + 12 1 +29 9 ,' > + i ! ; 2 0 - 3 0 ' I + 13 ' + 20 + 16 + 36 + 10 + 7 + 19 + 18 + uu
@FedFRASER