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BOARD OF GOVERNORS OF .THE FEDERAL RESERVE SYSTEM C-.18 March 5, 1?Sk CONSUMER INSTABENT CREDIT AT COMMERCIAL BANKS JANUARY 195U ' Consumer instalment credit outstanding at commercial banks at the end of January amounted to 8,723 million dollars, 133 million less than a month ago but 1,058 million above a year ago. Most of the decline in January occurred in automobile.credit, although, all • types of credit were down slightly from the end of December. Extensions of credit during January were^less than in the preceding month for each type of credit. The over-all volume extended was 15 per cent jbelow a month ago and 23 per cent below January 1953. Consumer Instalment Credit at Commercial.Banks (Estimates. In millions of dollars) Volume extended Amounts outstanding Change from: Change from: Jan.. Jan. Year MoF\th J, Year Month 30 1 19$h ago ago | • ago . ago 195U Type of credit Automobile paper Purchased Direct Other consumer goods paper Repair and modernization loans Personal loans Total 2,079 1,83k 2,037 1,283 1,1:90 -56 - %L . *" 1 - 18 ~ 8 8,723 -133 + -Lo| 39 k ' 1U5 - 22 I + 18 2c S lU5 + 228- ^?221 - 27 | + 150 53 i - 2 3 ; + • loU . 192:1 - 26 | +1,058 122 Federal Reserve District: Boston New York Philadelphia # 1 589 #2. + + + 107 | 236 i lilt : - 12 - 9 - iU + 92 • 78 : + +• 5 - + lk 2 \| 1 j' Chicago St. Louis Minneapolis |! I,lh6 U31 312 — 22 : ~10 • - 7 356 UU3 1,581 i • 5 . - 8 - 39 ' -138 1 -22 6 I k^l .' 1,661 1 610 . 1 Cleveland Richmond Atlanta Kansas City Dallas San Francisco - 85 - 72 -35 - 21 -13 + + + .• + + hi kl 5 - 3 ;V - 33 % - 31 - 1U 1 U — ! U6 1" ~ ?'i - 1 1 51 i: - 13 ' - lU 8 ; - lU 53 i 103 ! , ' - 1 6 ; - 29 - 11 36 ! " l i - 5 i - 6 2h 26 15'. 78 35 39 119 50 ! 166 j 19 i# a ; 1 ~ 6 ! - n - 19 - 71 - M - 18
@FedFRASER