View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

1
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.18

v-

September 1^ 1959'

CONSUMER INSTALMENT CREDIT AT COI/MERCIAL BANKS
JULY 1959
Consumer i n s t a l m e n t c r e d i t a t commercial "banks cont i n u e d to expand i n J u l y , and a t the month-end amounted to an
e s t i m a t e d $14^158 m i l l i o n , $276 m i l l i o n above a month ago and
$ 1 , 5 5 2 m i l l i o n above a year ago. More than h a l f o f the monthly
expansion occurred i n automobile c r e d i t .
The volume o f c r e d i t extended during J u l y decreased
$8 m i l l i o n , r e f l e c t i n g a d e c l i n e i n automobile c r e d i t , but was
$292 m i l l i o n above a y e a r ago.
Consumer I n s t a l m e n t Credit a t Commercial Banks
( E s t i m a t e s . In m i l l i o n s o f d o l l a r s )
Amounts o u t s t a n d i n g
! Change from:
! Month Year
ago
f ago

Type o f c r e d i t

Volume extended
JChange from:
Month [Year
ago
ago :

July
1959

July 31,
1959

Automobile paper
Purchased
Direct
Other consumer goods paper
Repair and modernization l o a n s
Personal loans

j

,
+109

4 , 4 8 2

+
+

515
255

497
267

- 1 4

+

+

173

282

+

+

18

+

162

134

+

24

2 % 8 3

40

2^473

42

1 . 7 1 3

+

33

3)007

Total

+
+
+

52

+

: 447

. 432

+276

1 4 , 1 5 8

+1,552

1 , 6 1 2

8

+

+
+
+

43

84

209

255

+
+
+

93
125
162
234

714
2 , 3 7 8




•

+

8'
35

974

1

+. 1 4

962

j

+

22

+

20

022

1,173

Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San Francisco

49

+ 65
+292

j:

Boston
New York
Philadelphia
'

+136

8

+ 1
+ 2

F e d e r a l Reserve D i s t r i c t :

Cleveland
Richmond
Atlanta

- 5

1.961
'625

+ 27
+

43

+

+

1 1

+

I
95 1

68

559
-

+

15

+

+

18

+
+
+

lli
38
278

109

_233

726 2.333

+
+

6
57

11
28

9
2

+

18

+

4

+

2 1

+

2 1

+

1

+ 27

+ 7

+ 55
+ 15

118
139

+
+

-

' 104

..

-

1

66

,

93

, 731

+ 1

-

2

+

16

87

- 7
- 2

+

14

70

87
260

+

2

+ 6
+ 60