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2. . V, O GOVr * f 7 t u . cLtV, F E D ER A L R E S E R V E statistical G.18 ~ release . March 5, 1971 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS JANUARY 1971 The amount of consumer instalment I credit outstanding at commercial banks was down $284 million to $41,611 million at the month-end. A seasonal reduction in outstandings is usual between December and January. Compared with year earlier figures all types of indebtedness except automobile credit contributed to an increase of $1,467 million. The January volume of credit extg&ded was $505 million below the December total, also reflecting the customary post-holiday contraction in lending for other consumer goods purchases and in personal borrowing. Credit extended in January exceeded the year-ago volume for all types of credit except automobile purchased paper and check credit. ' Consumer Instalment Credit at Commercial Banks (Estimates, in millions of dollars) Type of credit Automobile paper, total Purchased Direct Other consumer goods: Credit cards Other Home repair and modernization loans Personal loans: Check-credit Other Total Amounts outstanding Change from: Month Year ago ago Jan. 31, 1971 Volume extended Change from: Year Month ago ago Jan. 1971 19 , 7 8 3 -237 -450. 1,164 9 - 59 12:,253 7 ,530 -180 - 57 -411 - 39 678 486 - 25 + 16 - 86 + 27 3 ,107 5 ,506 ,727 2. ,157 1. ,331 9; + 2 - 22 - 33 + -4 + 2 +745 +396 + 13 +159 +604 488 301 79 129 724 -227 -130 - 19 - 33 - 87 +141 + 9 + 1 - 9 + 51 41:,611 -284 +1,467 2 , 8 8 5 -505 +134 - Federal Reserve District: . Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco ,782 1, ,731 5, 2 ,556 j ,358 3j 33,837 , 4, 173 ' 5,812 2, 076 1,350 2, 244 2,454 6, 238 - 22 52 22 40 6 - 21 - 5 +512 + 84 +212 +232 +201 124 4.01 152 198 278 294 - 58 - 2 - 10 - 5 - 4 - 42 + 73 +140 + 25 + 31 -123 + 85 - 92 380 - 23 146 • 79 • - 13 3 184 + 1 176 -106 473 " 2 JT -112 - 18 - 34 - 36 - 40 — 14 + 11 + 6 +— 6 + 12 - 15 + 4 + 13 + 2 + 6 3 +106
