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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM a.18 .. March 4 , 1959 • CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS JANUARY 1959 Consumer i n s t e l m e n t c r e d i t h e l d by commercial "banks a t the end of January amounted t o $12,856 m i l l i o n , $126 m i l l i o n more than a t t h e end of December. I n c r e a s e s were r e p o r t e d i n a l l c a t e g o r i e s except r e p a i r and modernization l o a n s . The expansion i n o t h e r consumer goods paper r e f l e c t e d , i n p a r t , s e v e r a l l a r g e "bulk purchases of paper from r e t a i l o u t l e t s . The volume of c r e d i t extended during January d e c l i n e d t o an e s t i m a t e d $1,333 m i l l i o n , 2 p e r c e n t below the December volume, b u t l 4 p e r c e n t above a year e a r l i e r . " 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 Automobile paper Purchased Direct Other consumer goods paper Repair and modernization l o a n s Personal loans Amounts o u t s t a n d i n g Cbadge from: J a n . 31, Month Year ago . ago 1959 24 25 48 8 37 -127 - 4 - 38 + 44 +334 366 230 282 88 367 + 4 -10 +16 - 6 -28 + + + + .+ 12.856 +126 +209 1,333 -24 +162 Boston New York Philadelphia 660 2,197 9Q5 - 5 + 16 + 7 - 16 + 44 + 23 65 211 86 - 4 - 4 8 + 9 + 20 + 10 Cleveland Richmond Atlanta 881 926 1,058 + 12 •+ 12 + 13 - 29 + 4.5 + 72 93 ' 99 119 + 4 - 7 - 6 + 15 + 9 + 17 . 1,775 $69 485 + 36 + 3 + 3 - 21 2 + 47 200 55 56 +16 - 3 + 3 + 40 + 2 + 13 . 637 670 2,093 + 5 + 1 + 23 + 54 67 - 3 - 18 , 71- - 6 + 10 - 211 :- - 6, Total 3,962 2,216 2,372 1,605 2,701 + + + + Volume extended Change from: J a n . Month j Year ago ago 1959 : F e d e r a l Reserve D i s t r i c t : Chicago " S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o , 55 20 36 942 - + • 1; +' 2 + 24
@FedFRASER