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f 7 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1 G.lB . 1 March 4 , i960 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS JANUARY I960 Consumer i n s t a l m e n t c r e d i t held "by commercial b,anks a t t h e end of January amounted to $15,066 m i l l i o n , $144 m i l l i o n more than a month e a r l i e r . 1 A l l types of c r e d i t except r e p a i r and mode r n i z a t i o n shared i n t h e monthly i n c r e a s e , "but most of t h e expansion o c c u r r e d i n o t h e r consumer goods p a p e r . The i n c r e a s e i n the l a t t e r r e f l e c t e d i n p a r t , l a r g e purchases of paper from r e t a i l outlets. Extensions of c r e d i t during January were $79 m i l l i o n s m a l l e r than i n December. I n c r e a s e s i n automobile c r e d i t e x t e n s i o n s were more than o f f s e t by d e c l i n e s -in t h e o t h e r c a t e g o r i e s . Consumer I n s t a l m e n t C r e d i t a t Commercial Banks (Estimates. I n millions o f . d o l l a r s ) . Volume extended Change from: Month Year. I960 ago ago Amounts o u t s t a n d i n g ' -. Change from: Month|j Year J a n . 30 | ago ago j I960 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 + + + + + 15 s 066 +144 +2 158 742 2 463 977 T o t a l it- - 5 '+ 11 +136 - 9 + 11 + 2 . + 23 + 1 380 224 285 . - 8 89 368 +12 1,146 z!2 +23 64 231 83 - 6 + 1 - 9 - - 1 +25 + 2 86 94 ' 130 - 2 - 6 - 2 +11 204 52 48 + 1 :2. + 1 - 4 - 5 68 82 204 - 5 - 7 -27 - 1 + 5 - 2 + 80 + 301 + . 114 4,793 2 522 2,689. 1,932^ 3,130 750 327 370 226 485 % + 5 - 2 +11 F e d e r a l Reserve D i s t r i c t : Boston New York Philadelphia 1 Oil 1,060 1,237 . Cleveland V Ri chmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San Francisco x + + + 3 + 127 6 + 157 6 + =170 + 51 + 2 209 648 7 - 3 + + 1 + 555, 390 66 95 + + + 115 85 458 768 814 . 2,582 - 2 + 6 + 50 : ' from l a r g e t r a n s f e r s of o t h e r consumer goods p a p e r . 'As a r e s u l t , the d i f f e r - ence between e x t e n s i o n s and repayments does n o t equal the change i n o u t s t a n d i n g credit. ^
