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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTELf G.18 March k, 1955 CONSIDER INSTADEMT CREDIT AT COMMERCIAL BANKS JANUARY 1955 Consumer i n s t a l m e n t c r e d i t h e l d by c o r n i e r c i a l banks c o n t i n u e d t o i n c r e a s e and a t t h e end of J ^ i u a r y amounted t o 8 , 6 5 1 m i l l i o n d o l l a r s , 18 m i l l i o n above t h e end of December. A l l t y p e s of c r e d i t e x c e p t r e p a i r and m o d e r n i z a t i o n l o a n s were up from a month a g o . Compared w i t h a y e a r ago, however, t o t a l b a l a n c e s were down 3 p e r c e n t . . The volume of c r e d i t extended d u r i n g J a n u a r y was 8 per c e n t l e s s t h a n i n December b u t i n c r e a s e d lit p e r c e n t from a y e a r ago. < Consumer I n s t a l m e n t C r e d i t a t Commercial Banks ( E s t i m a t e s . I n 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 Change f r o m : Jan.' Year 31, . Month ago ago 1955 Automobile paper y Purchased -2,208" • ? +10 Direct 1,656?" 7 +11 Other consumer goods p a p e r l , 8 5 9 f ' , l +20 R e p a i r and m o d e r n i z a t i o n l o a n s ' l,2Ul~' •1 -3k Personal loans. 1,687^ 1 +11 Total Federal Reserve D i s t r i c t : Boston New York Philadelphia Cleveland Richmond Atlanta 8 , 6 5 l \ : +18 Volume extended Change f r o m : J a n . ' . Month Year 1955, ago ago,. + 17. -151 , -233 - 62 +166 ' 223 192 2# 52 2k5 " -15 0 -20 -23 -25 + + + 37 57 10 6 3k -263 9UU' >83 +112 + 10 -115 ' - 1 3 / 5o 161 58 - 2 -18 - 6 6o 68 79 - 6 -10 ' - 9 \ k52 ' .1,575 . 603 . 57U 6oU 632. + 2 0 - k .-5 + 2 ' + 3 - 23 + 12 . : + 32 + + + 3 1 U + 9 + lli + 17 Chicago S t . Louis Minneapolis 1,209 L30 317 +22 + 1 - 2 + 3k 0 + k. 1L9 U3 32 - 14- 7 - k + 36 + 2 + 5 Kansas C i t y Dallas San F r a n c i s c o hll U311,103 + h + 3 - 8 + 111 - 37 -208 51 5U 139 - k + 1 -lU + 13 + 6 + 2 •
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