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G.18 -

March 6, 1962
CONSUMER INSTALMENT [CREDIT- AT COMMERCIAL BANKS
JANUARY,1962

Commercial banks held $16,759 million' in consumer instalment credit
at the end of January 1962, $84 million less than at the end of the previous
month. The decline was accounted ,for mainly by other consumer goods paper
and repair and modernization loans, with other major types of credit showing
little change. As was the case during most of last, year, the reduction in
other consumer goods paper reflected partly repayments on a large amount of
retail paper that was purchased in January I96I. "
The volume of credit extended during January was slightly larger
than in the previous • month,. and considerably larger than a year earlier.
Consumer Instalment Credit at Commercial- Banks
(Estimates. In millions of dollars)
Amounts outstanding
Chan;?e. from:
Month
Year
ago
ago

Type of credit

Jan. 51,
1962

Automobile paper
Purchased
Direct
Other consumer goods paper
Repair and modernization loans
Personal loans
Total

5,292
2,671
2,631
2,147
3,818

-15
+ 9
-53
-33
+ 8

-+ • 37
+ • 66
-1,111
24
+ 25.2

16,759

%84

-

Volume extended
Change from:
Month
Year
1962
ago
416
260
227
83
455"

780, . 1,441

+29 ,
+19
-32.
-12
+ 6

+62
+35
-43
- 4
+41

±10

±91

Federal Reserve District:
Boston
New York
Philadelphia

885 "
2,763
1,147

- 9
-24
- 9

-

27
25
84

74
220
90

+ 2
-19
+ 5

Cleveland
Richmond
Atlanta

1,155
1,262
1,330 "

- 8
+ 3
- 9

+
-

26
47
46

96
119
124

+4
- 3

l!
+21
- 2

Chicago
St. Louis
Minneapolis

2,440
7#
521

-12
- 7
- 2

-

275
54 '
.45

210
56
•45

+13 '
. - 3
+ 3

+30
- 7
+ 3

805
884
2,804

- - 8
+ 1
.11

-

23
55
167

75
85
247

• Kansas City
Dallas
'
San Francisco
1/ Less than SO..5 million.



i

+ 2
+ 1
+ 5

•

+ 4
- 3
+12

- 1
+34