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p*?. F yML RE^ E U3?A?Y D E R A L R s t a t i s t i c a l E S E R V E r e l e a s i *' I • O c t o b e r 4 , 1972 * . . _ mNS.ULIEIUI^STALMENT CREDIT. AT COMMERCIAL'BANKS . AUGUST 1972 ' Consumer i n s t a l m e n t c r e d i t h e l d by commercial banks i n c r e a s e d $ 1 , 0 1 9 m i l l i o n i n . A u g u s t t o $ 5 0 , 8 9 8 m i l l i o n . Automobile c r e d i t l e d t h e 2 p e r c e n t i n c r e a s e , a c c o u n t i n g f o r n e a r l y o n e - h a l f t h e t o t a l g a i n . The y e a r - t o - y e a r i n c r e a s e of $6,786 m i l l i o n was t h e l a r g e s t g a i n i n any 12-month p e r i o d . The i n c r e a s e of $459 m i l l i o n in i n s t a l m e n t c r e d i t e x t e n d e d by banks i n August a l m o s t e x a c t l y r e v e r s e d t h e $458 m i l l i o n d e c l i n e . e x p e r i e n c e d l a s t month, w i t h g a i n s n o t e d f o r ever- g e o g r a p h i c a r e a . Consumer I n s t a l m e n t C r e d i t a t Commercial Banks Type of c r e d i t - Automobile p a p e r , total Amounts o u t s t a n d i n g Change Month Year ago ago Aug. 31, 1972 Volume e x t e n d e d Change Year Month ago ago August 1972 24,357 +430 +3,286 2; 120 + 55 +345 14,615 9,742 +300 • +130 +1,862 +1,424 1,292 828 + 27 + 28 +217 +128 3,725 5,321 1,887 • 3,080 1,512 11,016 + +177 + 22 4 61 + 35 +204 + 526 756 +1,256 C 419 + 77 176 + 242 208 + 264 189 +1,135 1 , 1 0 1 + 87 +135 + 26 + 30 + 6 +120 +186 +171 - 7 + 41 4 17 +154 50,898 +1,019 +6,786 4,969 +459 +907 Boston New York Philadelphia Cleveland Richmond Atlanta 1,991 6,486 3,118 3,924 4,967 5,373 + 34 +101 + 63 + 72 + 98 +106 + 157 + 512 + 414 + 411 + • 793 + 926 194 614 276 346 481 516 + + + + + + 6 76 23 32 36 24 + + + + + + Chicago S t . Louis . Minneapolis Kansas C i t y Dallas San F r a n c i s c o 6,802 2,768 1,662 2,864 3,051 7,892 +101 + 709 + 64 + 470 + 35 + 208 + 84 + 452 + 64 + 415 +197 1+1,319 612 + 330 + 142 + 315 + 283 . + 860 + 57 91 13 44 16 41 + 84 +120 + 18 + 71 + 61 +160 Purchased Direct O t h e r consumer goods: C r e d i t c a r d s . Mobile homes Ciher Home r e p a i r and m o d e r n i z a t i o n l o a n s Personal loans: Check-credit , Other Total sd Federal Reserve D i s t r i c t : 27 70 53 64 96 83