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F E D E R A L R E statistical S E R V E r e l e a s e June 3, 1971 CONSUMER INSTALMENT CREDIT A T COMMERCIAL BANKS APRIL 1971 Consumer instalment credit outstanding at'commercial banks increased $531 million in April, due in part to seasonal influences. All major types of indebtedness were larger than at the end of March and all except purchased automobile paper .shared in the $1,849 million expansion over the year-period. The volume of instalment loans made during April was $165 million above the March total and substantially larger than in April 1970. Personal instalment loans extended during April this year were only slightly higher than in March but they exceeded the volume in every month on record. Consumer Instalment Credit -at Commercial Banks (Estimates, in millions of dollars) Amounts outstanding Change from: Month Year 1971 ago ago Type of. credit Volume extended Change from: Month Year 1971 ago ago April 30, Automobile paper, total Purchased Direct Other consumer goods: Credit cards Other Home repair and modernization loans Personal loans: Check-credit Other • • Total Apr. 20,093 +279 - 55 1 , 7 8 7 + 52 +243 12,268 +121 -282 1,055 + 54 +119 7,825 +158 +227 732 - 2 +124 3,062 + 57 +607 537 + 49 +109 5,533 + 39 +420 403 2,702 + 10 + 17 136 + 12 + 10 1,174 9,530 + 15' +152 161 + 13 + 13 +131 +708 924 + 38 + 75 42,094 +531 +1,849 ' 3,948 + 1 + 48 +165 +498 Federal Reserve District: Boston New York ' Philadelphia Cleveland Richmond Atlanta 1,777 + 19 - 1 172 + 17 + 14 5,759 + 63 +495 538 + 20 + 63 2,580 1 .Chicago St. Louis Mi'nnpannl i c . ' + 31 3,376 + 42 3,946 + 59 ' 4,236 + 52 5,826 + 78 2,165 + 52 + 4 +177 303 + 11 + 33 +298 37 R + 3 + 53 +194 391 + 8 + 27 +160 541 + 59 + 94 +215 217 + + 62 +107 ' 218 14 • + 27
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