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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEII G.18 June 3 0 / 1 9 5 5 CONS m m INSTALMENT CREDIT AT COMIiERCIAL BANKS 1%%' 1955 Consumer instalment ' c r e d i t held by commercial banks, a t the end of May i s estimated a t 9,228 m i l l i o n d o l l a r s , 208 million above the l e v e l of a month e a r l i e r . All types of c r e d i t increased during the month, but automobile c r e d i t continued t o account f o r most of the expansion« At the end of the month t o t a l balances were n e a r l y 6 p e r • c e n t , or about 500 m i l l i o n , above a year e a r l i e r . Extensions of cred:x t during May were 3 per cent l a r g e r than i n the preceding month, r e f l e c t i n g i n c r e a s e s i n a l l types of c r e d i t except pi Brsonal l o a n s . Consumer instalment Credit a t Commercial Banks (Estimates. In m i l l i o n s of d o l l a r s ) .Automobile paper Purchased Direct Other consumer goods paper . Repair and modernization loans Personal loans Total Volume extendedChange from: Year . Month ago ago Amounts outstanding Change from: May Year Month 31, ago ago " 1935 Type of c r e d i t ' 2,1166 . 1,880 1,865 1,211 1,806 + 95 + 62 + 23 + 6 +:22 +271 +1U5 - 60, '-82 +225 9,228 +208 +U99 Wi .1,655 6# > + 12 . + 31 till + 36. + 9 + 3.5 May . 1955 335 260 2L5 . 92 .265 +22 + 6 +13 + 8 -17 +100 + 83 + hi - 3 + U9 1,197 +32 +270 65 209 70 + 2 + 7 0 + 17 + 31 + 13 81 Sh 89 + 6 - 2 + h + 18 + 19 + 18 181 5U U3 +1U 0 + 1 . + 18 + 11 + 9 " 63 70 185 • - 3 - 2 + 5 + 16 + lh + 56 Federal Reserve D i s t r i c t : Boston New York Philadelphia * Cleveland • Richmond Atlanta '• 599 617 652 + 20 + 15 + 1U ' + 6 1 , + 7 + hi ' Chicago S t . Louis Minneapolis. 1,308 U57 336 ' + U3 + 9 + .7 +1L6 + 39 + 17 Kansas City Dalles San Francisco L57 L78 1,519 + 9 > 12 + 35 + 77 + 21 ' •- 9 '
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