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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 0.18 May 3, 19$k COIjStLER niS'iAUsjElIT CKlDIT AT COMMERCIAL BANKS • MARCH I9$b , Con sinner instalment credit outstanding at commercial banks continued to decline in March, and at the end of the j month amounted to 8,1*52 million dollars. This was 1 per cent below the preceding month-end, but 5 per cent, above a year earlier. Host of the 82 million monthly decrease resulted from declines in automobile and other consumer goods paper. Repair ... and modernization loans were .down ll* million and personal loans increased 22 million. Substantial increases in extensions of credit were reported in March for each type of credit. The over-all. expansion was 2l* per cent from February, but the level of extensions con- . tinued about 20 per cent below a year 'ago. Consumer Instalment Credit at Commercial Banks (Estimates. In millions of dollars) Type of credit Automobile paper Purchased Direct Other consumer goods paper Repair and modernization loans personal loans Volume extended Amounts outstanding Change. from: Mar. Change from: Mar. ' Month -Year Month | Year 195U 31, ago ago ago , ago 1951*1,99b 1,799 1,8871,2# 1,519 -30 -10 -50 -Hi +22 +180 + 38 - 22 +109 + 88 178 210 " 185 76 251 8,1*52 -82 +393 1,601* -JOO +1 -10 - 2 563 573 51*9 Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total 35 52 18 13 57 - 91 - 66 -105 - 12 + 9 900 +175 - 2 65 + 83 + 95 + 82 55 176 66 + 15 + 38 + 20 + 1 - 5U - 5 - 2 - 6 - 6 + 1*5 + 1*0 + 10 62 65 59- + 11; + 11 + 10 - 18 12 -J7 1,107 109 306 - 8 - 5 - l + 79 +-• 5 + 29 . 123 + 20 + + 6 - 3h 353 1*19 1,525 0 -li ' -32 + 6 - 27 - 5a + 10 + 6 + 20 6 - 23 - 75 + + + + + Federal Reserve District: Boston New York Philadelphia Cleveland Richmond Atlanta - h2 31 16 • hi 131* • | --- 19 3 "
@FedFRASER