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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

Apr.

20,093

+243

1,055

+ 54

+119

+158

+227

732

-

2

+124

+

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

• Total

+ 52

-282

3,062

•

- 55 1 , 7 8 7

+121

7,825

Other consumer goods: Credit cards
Other
Home repair and modernization loans
Personal loans: Check-credit
Other

+279

12,268

Purchased
Direct

+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

+

4

+177

303

+

11

+

33

+298

37 R

+

3

+

53

391

+

8

+

27

541

+ 59

+

94

+

+ 62

+107

218

3,376

59

+

52

+194

5,826
.

+

' 4,236

'

+ 42

3,946

+

78

+160

2,165

+

52

+215

217

'

14

•

+

27