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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.18
March 5, 1957
CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
JANUARY 1957
Consumer instalment c r e d i t outstanding at commercial
banks declined s l i g h t l y i n January to an estimated -#11,616 mill i o n a t the month-end. The d e c l i n e i n o t h e r consumer goods;
paper, which accounted f o r most of the decrease, r e f l e c t e d i n
p a r t l a r g e repurchases of paper by r e t a i l o u t l e t s T o t a l b a l ances continued above the year-ago l e v e l , ,
New extensions of c r e d i t were up &11 m i l l i o n i n
January, with i n c r e a s e s i n automobile c r e d i t more than o f f s e t t i n g d e c l i n e s i n other c a t e g o r i e s .
Consumer Instalment Credit a t Commercial Banks
(Estimates. I n m i l l i o n s of d o l l a r s )
Automobile-paper
Purchased
Direct
Other consumer goods paper
Repair and modernization loans
Personal loans
Total
{
3,58L
2,198
2,306
1,U13
2,H5
.
'- + 5
+17
. -82
; -16
;| + 1 0
11,616 = -66
+ 332
+126
+ 257
+ 99
+m
Volume extended
Cr.ange
Month
Year
ago
ago
327 + 20
236 + 29
269 -25
73 - 9
299 - k
+ 20
+ 23
+ 29
+ 1
+ 21
+11
+ 9U
+ 998 1,20k
i •
I
Amounts outstanding
Change from;
Jan. 31, Month • Year Jan.
ago
ago 1957
1957
|I
Type of c r e d i t
Federal Reserve D i s t r i c t
62 + 3
200 + h
80 - r •
621
2,023
869
- 2
- 1
+ 2
+ 73
+153
+10U
801
761
826
- 1
. - 3
+ h
+109
+ 33
+ *40
81
79
96
Chicago
S t . Louis Minneapolis
1,701 : -77
525 : - 2
383 i + 1
+ 212
-+ 37
+ 23
186
Kansas City
Dallas
San Francisco
#9
635
1,962
h
+ lU
+ 75
+125
.59 + 5
80- + 7
19U + 8
Boston
New York
Philadelphia
• Cleveland.
Richmond
Atlanta
+
+ 10
- 1
1
. - 1
' +13
+11
0
- 1
0
+ 15
. 0
-2
- 7
- 9
Uo •+ 2
+39
.+ 1
hi
•
+ 6
+11
- 2
n-
@FedFRASER