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BOARD OF GOVERNORS OF.THE FEDERAL -RESERVE SYSTEM G.18 ' March 6, 1958 CONSWIER INSTALMENT CRTDIT AT COMMERCIAL BANKS JANUARY1958 Consumer i n s t a l m e n t c r e d i t . h e l d bv commercial banks d e c l i n e d i n January, and a t the month-end amounted to $12,611 m i l l i o n . A l l • types of c r e d i t d e c l i n e d except p e r s o n a l l o a n s . The decrease i n o t h e r consumer-goods paper 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 balances continued above a year ago. S Extensions of c r e d i t during January amounted to ^ 1 , 1 m i l l i o n , which was somewhat smaller t h a n both a month ago and a year ago." . • . 12,611 + 363 +238 + 65 + 56 + 251 5= Chenge Jan. • Month ago 1958 1 Til Total a,016 ! 2,330 2,378 1,508 2,379 ' ll Automobile paper Purchased Direct Other consumer goods paper Repair and modernization loans Personal loans. Amounts o u t s t a n d i n g ! from: Month Year Jan. 31, ago ,. . ago . 1958 1 Type of c r e d i t I 1 Consumer I n s t alment C r e d i t a t /Commercial Banks ( E s t i m a t e s . I n m i l l i o n s of d o l l a r s ) Year ago "7 -25 ' - h -26 - + 1 -103 : ' 308 221 2h3 76 326 -22 0 - 5 -10 -17 .1,171 38. " 5. 57 19 16 =lk -30 + 2k F e d e r a l Reserve D i s t r i c t : • Boston Hew York Philadelphia Cleveland Richmond Atlanta 892. 858 961 1 - 679 ' 2,172 921 , . . 7 5 + 5h +166 + 91 - 7 57 193 + ' 2 80 , - 2 + 3 + - 7 1 1 + 63 > 72 + 73 76 . - 1 88 -9 . 100 - 7 - 8 + 6 - L ~"h Chicago S t . Louis ' Minneapolis 1,798 565 / LL2 ' - 67 - 2 - 2 + 162 + + 33 Kansas C i t y Dallas S=:n Francisco 591 706 2,026 + - + 2 2 9 h3 66 + 88 + 62 161 52 kh -18 - 1 • - 7 ' 68 " 0 72 - h , 183 0 - 5 - h . -1.7 + 5 + 2 + 7 - h -11;
