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FEDERAL

y w ;

statistical

RESERVE

release

m.

June 5, 1968
CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
APRIL 1968

Y r / ? ; T

Lc^

-

Commercial banks increased their holdings of consumer instalment credit
by $497 million in April to $34,908 million at the month-end. All types of indebtedness were larger than on March 31 with automobile paper and personal loans
accounting for about four-fifths of the total expansion. These two types of credit
also accounted for the major part of the growth over the past year.
The volume of loans made during April was $361 million larger than in
the preceding month. Automobile loans contributed about one-third of this increase,
with most of the ; gain in purchased paper. Direct lending for automobiles softened
somewhat with the April drop in new car sales. The increase in personal loans,
the largest in any month this year, was due partly to seasonal influences.
Consumer Instalment Credit at Commercial Banks
(Estimates, in millions of dollars)

Type of credit

.Automobile paper, total
Purchased
Direct
Other consumer goods
Home repair and modernization
Personal loans
TOTAL

Amounts outstanding
Change from:
Month, Year
ago
ago

Apr. 30,
1968

Volume extended:
Change from:
Month
Year
ago
ago

Apr.
1968

18,497

+259

+1,024

1,701

+126

+329

11,643
6,854

+154
+105

+
+

387
637

1,057
644

+ 99
+ 27

+215
+114

5,985

+ 88

+

693

579

+ 80

+142

2,457
7,969

+ 13
+137

+

21
913

131
912

+ 29 ~
+126

+ 21
+143

34,908

+497

+2,609

3,323

+361

+635

1,529
4,376
2,106

+ 28
+ 65
+ 33

+
+
+

120
196
188

155
420
194

+ 19
+ 56
+ 31

+ 30
+ 87
+ 42

2,850
2,643
3,464

+ 52
+ 44
+ 36

+
+
+

249
203
512

270
254
327

+ 42
+ 25
- 15

+ 48
+ 58
+ 34

^5,038
1,656
1,125

+ 69
30
+ 20

+
+
+

127
127
119

481
' 155
115

+ 59
+ 33
+ 25

+ 84
+ 32
+ 29

179
225
548

- 1
+ 26
+ 61.

+ 20
+ 61
+110

Federal Reserve District:
Boston
. New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
for FRASER
San Francisco

Digitized


1,985 * + 19
+ 33
2,254
+ 68
5,882

+ 277
+ . 253
+ ' 238