Full text of G.18 Consumer Instalment Credit at Commercial Banks : November 5, 1970

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FEDERAL

RESERVE

"CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
SEPTEMBER 1970
Consumer instalment credit outstanding at commercial banks increased
$117 million in September to $42,051 million at the month-end. /"The expansion in credit
card and personal loan indebtedness more than offset the reduction in automobile credit
Home repair loans were up slightly during the month but at the month-end were the only
major type of credit which did not exceed th6 amount outstanding a year earlier.
Total consumer instalment loans made in September were in about the same
volume as in August. All major types except automobile loans showed little change
during the month and were moderately above the.amount extended in the corresponding
month of 1969 .
Consumer Instalment Credit at Commercial Banks
(Estimates, in millions of dollars)
Amounts outstanding
Change from:
Month Year
ago
ago

Sept. 30,
1970

Type of credit
Automobile paper, total
Purchased
Direct
~0ther consumer goods: Credit cards
OtherHome repair and modernization loans
Personal loans: Check-credit
Other
Total

Volume extended
Change from:
Year
Month
ago
ago

Sept.
1970

20,^24

-105

+

217

1,393

- 56

- 74

12,890
7,734

- 91
- 14

+
+

26
191

869
524

- 37
- 19

- 24
- 50

'2,775
5,488
2,783
1,106
9,275

+ 83
- 3
+ 13
+ 27
+102

+
+
+
+

913
421
25
180
552

496 . + 34
367 - 12
133
1/
146 + 12
817 - 11 •

42,051

+117

+2,"258

3,352

1,828
5,744
2,600
3,417
3,812
4,225

+
+
+
+
+
+

5
18
11
23
24
39

+
61
+ " 665
+ 127
+ 329
+ -281
+ 334

150
481
194
249
309
353

5,926
2,061
1,377
.2,259
2,522
6,280

+
+
+

16 +
19 +
3 +
6 +
15 12 +

+142
+ 65 + 2
+ 7
+ 7

- 33

+149

+ 6
- 7
+ 5
- 10
+ 5;
- 14

- 3
+ 73
+ 6
+ 7
+ 22
+ 31

- 7
+ 1
+ 11
- 3
- 16
- 4

- 22
+ 14
-r 7
+ 10
-33
+ 51

Federal Reserve District:
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco


I/Less than 0.5. million.


>

1

120
143
47
20
.15
146

434
163
* 104
186
183
546.