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FEDERAL RESERVE s t a t i s t i c a l G. 18 r e l e a s e ... x ' x ^ O c t o b e r 6, 1970 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS AUGUST 1970 Consumer instalment credit outstanding at commercial banks amounted to $41,934 million on August 31, an increase of $231 million from the July 31 total. Automobile * credit. declined in August but all other types of credit showed increases. The volume of new instalment loans made- to consumers decreased considerably from July to August and was only moderately above the August 1969 volume. More than •two-thirds of the reduction in extensions during August occurred in automobile paper. * Consumer Instalment Credit at Commercial. Banks (Estimates, in millions of dollars) Type 6f credit . Automobile paper, total Other consumer goods: Credit cards Other Home repair•and modernization loans Personal, loans: Check-credit Other Total Amounts outstanding . Volume extended Chang e from: Change Aug. Month Year Year Month 1970 ago ago ago ago Aug. 31, 1970 - 20,729 - 32 + 357 1,449 -227 - 5 12,981 7,748 •Purchased Direct " ' ' - 21 - 11 + + 122 235 906 543 -150 - 77 - 2 3 2,692 5,491 2,770 1,079 9,173 + 58 + 47 + 15 + 16 +127 + 933 + 432 - . 17 + 178 + 519 " 41,934 +231 +2,402 3 , 3 8 5 - 5 462 379 . - 51 133 - 12 134 - 7 - 10 828 +150 + 29 1/ + 4 + 45 -312 +223 + ' 1/ + 68 + 8 + 14 + 7 + 65 Federal Reserve District: BostonNew York' Philadelphia Cleveland 'Richmond -• Atlanta Chicago St. Louis Minneapolis Kansas City Dallas • San Francisco l/'Less than 0.5 million. 1,823 5,726 2,589 3,394 3,788 4,186 + + + + + + 5,942 2,042 1,374 2,265 2,537 6,268 + 18 + 20 + 5 - 2 - 8 + 7 2 + 37 + 29 + 28 + 31 + 64 + + + + + + + 63 685 134 341 275 331 144 488 • 189 259 304 367 177 142 56 31 19 148 441 162 93 189 199 550 18 97 4 22 32 9 -P3 - 15 - 15 - 27 + 15 - 23 + + + 12 14 12 14 17 74
