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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

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