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OfCOw/. 3 > F E 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 e October 5, 1971 'Y-18] . CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS AUGUST 1971 >- Outstanding instalment credit at commercial banks at the end of August exceeded the amount owed a month earlier by $603 million w-ith more than one-third of the increase in automobile credit. Automobile credit accounted for a much smaller park of the year-to-year growth "due in part to the decreased holdings of purchased automobile pap.er throughout 1971. The volume of new logn^ made in August this year totaled $4,062 million, $ 145 million more than in July, although some contraction usually occurs at this time of the year-. All^ major types of credit extensions except direct automobile loans showed increase's over the preceding month and all were in larger volume than in August 1970. * Consumer Instalment Credit at Commercial Banks (Estimates, in millions of dollars) Amounts outstanding Change from: Month . Year ago ago Type of credit Aug, 31, 1971 Automobile paper, total Purchased Direct . Other consumer good's: Credit cards Other Home repair .and modernization loans Personal loans": Check-credit Other Total " V Volume extended Change from: Month Year ago ago Aug. 1971 21,071 +237 ' +342 1,775 + 21 " +326 12,753 8,318 +139 ' + 98 -228 +570 1,075 700 + 38 - 17 +169 +157 3,199 5,875 2,83"8 '1,248 9,881 + 47 + 96 ' + 35 + 24 • +164 +507 +384 + 68 +169 +708 570 431 167 172 947 + + + + + +108 + 52 ' + 34 + 38 +119 +2,178 4,062 +145 +677 44,112 +603 32 18 2 22 ' 50 Federal Reserve„District: Boston . N§w York Philadelphia Cleveland Richmond Atlanta Chicago • = St. Louis Minneapolis Kansas City Dallas ,San Francisco 1,834 5,974 2,704 3,513 4,174 4,447 + + + + + + 14 70 31 33 67 77 + 11 +248 +115 +119 +3"86 +261 167 544 223 282 385 433 + 8 + 23 + 5 - 7 - 10 f 28 + + + + + + ^6,093 2,298 1,454 2,412 2,636 6,573 + + + + + '+ 84 36 22 40 36 93 +151 +256 + 80 +1^7 + 99 +305 528 210 124 244 222 700 + + + + + 87 + 48 + 31 + 55 + 23 +150 9 11 15 11 16 86 23 56 34 23 81' 66 •
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