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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 5,292 2,671 2,631 2,147 3,818 -+ • 37 + • 66 -1,111 24 + 25.2 16,759 Total -15 + 9 -53 -33 + 8 %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
