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BCWRE OF GOVERNORS. OF THF" WVYRPL RFST-7>VF STSTFTf G.18 May 1, 1959 COWSUI'IR INSTALMENT CRFFIT I I COMMERCI • B£NKS MARCH 1959 Consumer instalment c r e d i t outstanding a t commercial banks increased f u r t h e r i n March, anc1. a t t h e end of the month amounted to '">13)028 m i l l i o n . This estimate was $llilj. million above a month ago and $695 m i l l i o n above a year ago. More than h a l f of the monthly expansion occurred i n automobile- c r e d i t . Repair and modernization and personal loans also increased; o t h e r consume r poods paper declined slightly. F ' . ' 1 ' Extensions of c r e d i t were up $199' million from February as a r e s u l t of s u b s t a n t i a l i n c r e a s e s i n a l l types of c r e d i t . Consumer I n s t a l m e n t Credit at Commercial Banks ( F 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 ) Type of c r e d i t Amounts outstanding Change from: Month Tear I ago Volume extended I Change1• from: Mar. j Month , Year ago 1959 1| " ago + 56 U3 - 2 • t it +59 + 38 + 23 . + 2h + 55 + 123 + 62 + 20 + 20 + 68 + 199 ^93 Mar. -31, 1959 Automobile paper Purchased Direct Other consumer goods paper Repair and modernization loans Personal loans. h,Oh9 2,282 2,3b0 1,598 2,759- Total + 13,028 ! tiMt , • Federal Reserve D i s t r i c t : Boston New York - Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco h + 20 + 10 663 2,22k 912 •! * + + + > + 75 >17 L 8-7 • 266 1 812h0 |! 78 ; 102 !I + 37ii |f U01 | ' t . 6 9 5 !! 1,U26 ; i 1 +19 +103 + 59- " + 8 + 19 890 9L3 * + 12 + 7k |1 + +111 1 1,081 ' + 12 + 10 > lib •- li2 22 , + 29 72 237 9h + 16 96 + 13 109. 123 ' + 9 + 18 + 23 + 18 + . 1,773 579 1:95 + 21 + 7 + 9 + 66 ji + 19 ] + 55 j: 192 61. 56 " 36' + 10. + 12 656 679 2,133 + 12 9 + 19 + 73 + 8 ! +" 89 • 79 86 218 + 13" "+- 17 + 16 + 18 T h + 52 . 1 h3 + lh + 9
@FedFRASER