Full text of G.18 Consumer Instalment Credit at Commercial Banks : March 5, 1971

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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
2.,727
1.,157
9;,331

+ 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




1,,782
5,,731
2 ,556
j
3 j,358
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