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- FEDERAL
statistical

RESERVE

release

M a y ] , 1962

—-G. 18 -

COHSUmER IN8T&U.',3MT CI^DiT AT COiii.ERCIAL BAnKS
March'1962

C_e^-

c.»

Consumer i n s t a l m e n t c r e d i t o u t s t a n d i n g a t commercial banks
i n c r - ^ r i d - ' . ^ ] M i l l i o n i n March, and a t the end of the month amounted
to :• 16, /79 m i l l i o n * I n c r e a s e s i n automobile paper and p e r s o n a l l o a n s
r.ioro t.nan o f f s e t d e c r e a s e s i n . o t h e r major types of c r e d i t . A l a r g e
p a r t of the d e c l i n e i n o t h e r consumer goods paper was due t o r e p a y ments on the l a r g e purchase of p a p e r - m a d e ; i n J a n u a r y 1961.
E x t e n s i o n s of c r e d i t d u r i n g March were up :^23^ m i l l i o n from
a r.onth e a r l i e r and &128 m i l l i o n from a y e a r e a r l i e r . Automobile
c r e d i t accounted f o r a b o u t two t h i r d s of the march i n c r e a s e i n
extensions.
. „
Consumer Ins t a l m e n t C r e d i t , a t Commercial Banks
( E 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 )
Volume extended
Amounts o u t s tr.ndinq;
Charr>e f r o m :
Change
1
March- 31, " l i o n t h "Year, I-i: re " i,o nth YcT- r
ago
a~o
ago
1962
1962

Type of c r e d i t
Automobile paper
Purchased
Dircct .
Other consumer ?oods paper
Repair and m o d e r n i z a t i o n l o a n s
Personal loans

2,361
2,918
2,%9
2,100
3,.819
16,779

Total

+55
+37
-1,5
-19
+25

+190
+116
-900 •
- 3h
+259 "

+53 • -369

500
293
22k
97
k?9

?99
+ 51
— 6
+ 19
+ 71

+ 91
+ 30
~ 9
-11
+ 26

1,593

+23U

+128

F e d e r a l Reserve D i s t r i c t :
Boston '
New york
Philadelphia
Cleveland
Richmond
Atlanta'
Chicago
S t . Louis .
Minneapolis'
Kansas C i t y
Dallas
San F r a
FRASER n c i s c o

Digitized for


v

'880
2,753
1,133

'+1
+ 2
- 8

-16
+ 1
-59

85
256
95

+ 21
: + 3r
+ 16
-

1,156
1,279 .
1,339

+ 2
+15+ 7

- 13
+ 70
- 3

109
128
Ihl

+ 18
+ 20
+ 11

+ 6
+- 11
+ 16

• 2,ai
.763
511

+11
+ 1
- h

-167
- ItO
- -Ui

228
70
h2

+ bh
+ 11
+' k

+ 37
+ .6
-,H

805
#5
2,82k

+ -li
+12
+10

-21
- 27
-50

8k + 15
100 + 20
255' + 17

+ k
+ 10
+ 1:7

1
3
1