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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.18 - May 2, 195? ' CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS' MARCH 1957 > : Consumer instalment credit held by.commercial banks increased $70 million in March to an estimated $11,711 million at the month-end. The monthly expansion reflected increases in automobile credit and personal loans. Other consumer goods, paper and repair and modernization loans continued to decline. Total balances were.about 9 per cent aboV'e a year ago. Extensions of credit in March.exceeded the February volume by ^103 million, reflecting increases of 9 per cent and 1 per cent from a month ago and a year ago, respectively. Consumer Instalment Credit at Commercial Banks • (Estimates. In millions of dollars) extended Volume i Amounts outstanding Change Chan#e„from_:__. Year Mar, Month Mar. 30, Month. Year • ago ago ago ago 1957 1957 Type of credit + 17 + 6 -11 - 6 + 1 + 12 + 302 + 125 + 22U + 89 + 175 11,711 + 70 il automobile paper Purchased 3,6k9 Direct 2,258 Other consumer goods paper 2,275 Repair and modernization loans . 1,392Personal loans 2,137 Boston New York Philadelphia ' 625 2,03k 875 + U +11 + 2 + 68 67 + ii +115 . 191 + 15 + 93 83 + 8 + ii + 1 + 2 Cleveland Richmond Atlanta '809 7#' 8U0 + 10 + 1' + 6 '+ 98 + 23 + 53 .86 + 10 83 + 9 ^ 9& + h 0 - 9 -h 1,726 5# 385 ' +18 + 2 *5 + 221 + 37 + 16 # 0 + 28 5U + - 3 U6 + 11 + 29 0 + li 517' 650 1)961 + .k +12 - 5 + 16 + 73 + 72 60 + 80 + 172 - . Total + 38 + 42 -15 . 356 2# 219 80 295 + + .+ + + 32 31 8 11 21 1,206 m — 7 . Federal Reserve District: Chicago • St. Louis Minneapolis . Kansas City Dallas San Francisco J 3 5 k - 3 + 1 . -18
@FedFRASER