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FEDERAL RESERVE statistical March 5, 1968 ;y4" CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS January 1968 Consumer instalment credit held by commercial banks showed little change in January, amounting to $34,017 million at, the month-end. The amounts pwed on both purchased automobile paper and home repair loans were reduced during the month but all other major types of indebtedness increased and were substantially larger than on January 31 last year. A $126 million increase in the volume of new credit extended for automobiles more than offset the moderate declines in other major types of instalment credit. The January volume was larger than in the corresponding 1967 month for all components but automobile paper and personal loans accounted for nearly all of the year-to-year gain. Consumer Instalment Credit at Commercial Banks (Estimates, in millions of dollars) 17,964 Purchased Direct Other consumer goods. Home repair and modernization I Automobile paper, total 3 8 Type of credit Amounts Jan. 31, 1968 Change from: Year Month aeo - 5 +549 Volume extended J Change from: Year Month 19&6 aeo aeo 1,363 +126 +216 + 84 .+ 42 +120 + 96 11,364 6,600 -36 +31 + 97 ; +452 829 534 5,850 +42 +674 497 - 45 + 14. 80 770 - 12 - 9 + 1 +131 2,710 + 60 +362 Personal loans 2,482 7,721 -41 +29 - 50 +811 ' TOTAL 34,017 +25 +1,9 84 Boston Hew York Philadelphia 1,487 4,292 2,037 - 4 + 1 - 1 + 86 + 73 +132 121 -324 150 + + - 4 5 5 + 19" + 8 + 18 Cleveland Richmond Atlanta 2,763 2,559 3,327 - 5 - 5 +25 +211 • +119 +459 193 200 293 + + - 7 6 3 + 19 + 32 + 42 Chicago St. Louis Minneapolis 4,953 1,613 1,094 -33 - 6 - 3 + 22 +118 + 99 ' 369 122 88 - 3 6 1 + 51 + 9 + 18 . +26,7 +211 +187 165 208 477 + 12 + 22 + 20 + 25 + 68 + 53 Federal Reserve District: Kansas City Dallas for FRASER San Francisco Digitized 1,915 2,184 5.793 +12 +39— _ + 5. +
