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F E D E R A L . " R E S E R V E s t a t is t i ( a C n 1V--1.L ,,*_x iv,v ,Ct G.lS . June 5, 1962 CONSUMER li.'STA.UiENT CREDIT AT COiAZRCIAL BANKS APRIL 1962 Commercial hanks held ()17,0h2 m i l l i o n i n consumer i n s t a l m e n t c r e d i t a t 'the end. of A o r i l 19o2, ,,263 m i l l i o n more than a t the end of the previous month. The i n c r e a s e was accounted f o r p r i n c i o a l l y by automobile paoer' and c e r s o n a l l o a n s . The d e c l i n e of $77^ m i l l i o n i n o t h e r consumer goods paper from a year ago i s l a r g e l y due to repayments on the l a r g e purchase of paper i n January 1961 Extensions of c r e d i t i n c r e a s e d vl51i mil-lion i n A p r i l and were 312 m i l l i o n above the volume a year, e a r l i e r . Extensions of a l l t; pes of c r e d i t rose during the month. Consumer I n s t a l m e n t Credit a t Commercial Banks ( E s t i m a t e s . In m i l l i o n s of d o l l a r s ) ' Type of c r e d i t Amounts o u t s t a n d i n g Volume extended Change from: Chanqe from: Month Year A p r i l Month Year aco ago 1962 a#o , afro A p r i l 30, 1962 Automobile'naner, t o t a l Purchased Direct 8.L65 5,172 2,993 +183 +108 + 75 +L85 +302 +183 862 536 326 + 69 + 36 + 33 +230 +116 + 81 Other consumer -oocs naper Repair and modernisation loans Personal loans 2,535 2,106 3,936 - Ill + 6 + 88 -77i| - 35 +29k 2kl 119 525 + 17 + 22 + I46 + 16 + .1 + 6I4. +263 - 30 l,7ii7 +151 +312 + 16 - 2 " + ao + 10 + 1 3 - 32 9h 2C5 106 ' . .Total F e d e r a l Reserve D i s t r i c t s Boston New York • Philadelphia 17,012 896 2,793 1,1L6 ' 9 + lli + 29 i + 3 3 +• 11 + 17 + Cleveland Richmond Atlanta 1,171 1,3^5 1,350 +15 + 26 +11 + 5 + 87 +19 116 " 137 136 + 7 + 9 - 5 + 17 + 27 + 19 Chicago' S t . Louis Minneapolis 2,1#L 778 513 + 50 +15 + 2 -69 - 18 - 37 256 77 18 + 28. + 6 + 6h + 15 + h Kansas City Dallas San Francisco 816 909. 2,871 +11 + Ik + 50 - 7 6 + 20 89 100 303 + 5 1/ +"18 + lli + 19 + 69. 1 / Less than ,0.5 m i l l i o n . + 7 -