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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G-.18

i

March 2, 1956
CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
JANUARY 1956

Consumer instalment credit outstanding at commercial
"banks declined fractionally in January to an estimated $10,315
million at the month-end. The January'decrease reflected a
slight drop in repair and modernization loans and in consumer
goods paper other than automobile. Automobile paper wa's practically unchanged, while personal loans increased 1 per cent.
Total balances continued well above the year-ago level.
Extensions of credit during January were somewhat
smaller than in December, as is usual at this time of year, but
were 14 per cent larger than a year earlier.
Consumer Instalment Credit at-Commercial Banks
(Estimates. In millions of dollars)

. Type of credit

Automobile paper
Purchased
Direct
Other consumer goods paper
Repair and modernization loans
Personal loans
Total

AmouAts outstanding
Jan.
Change from:
Year
Month
31,,
ago .
ago.
1956

2,977
2,107
2,064
1,256
1,911
10,315

•+

1

- 35
- 23
+ 17

+
+
+
+
+

ZJ2

+1.66)'

' 8
+

769
451
205
15
224

Volume -extended
Change,from:
Year
Month
1956
ago
ago

277
217
242

68
276
1,080

;,1

- 36
- 18
-

4

z-31

+
+
+
+
.+

54
25
10
16
31

+136

Federal Reserve District:
Boston
New York
Philadelphia
Cleveland
Richmond
' Atlanta

•

Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco




+
548
1,846 '

699

-

661
724
727

• -

^'485
351
487

552
1,755

3
0

+
+

96
271

1 ' + . 96

-

2

9

+
+

87
120

+

4

+

95

- 37
- 2
- 4

+

27I

+

34

0
4

1
2

+
+

>

1

76

+

121

+

342 ,

62
185
64
62
78
92

+ 1
- 25

+ 12
- +24.
+ 6

- 10

+ 2
+ 10

2

-

6
5

154 . - 12
46
- 5
36
- 3

a

-

3
0

180 J -

5

+ 13
+
+
+

5
3
4

+

2

+' 14
+ 41