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FEDERAL

RESERVE

s t o t i s t i c o l

22.L,

r e Ie a s e

'•f*A
September 3, 1971
—

C

O

N

S

U

M

E

R

INSTALMENT CREDIT AT COMMERCIAL BANKS

*

JULY 1971
Consumer instalment' credit outstanding at commercial banks was $498 million
larger at the end of July than a month earlier. All types of credit shared in the*
July expansion and all except purchased automobile paper exceeded the amount owed on
July 31, 1970.
Loan volume was off somewhat in July but remained well above the year ago
level. The year-to-year growth in direct automobile loans of banks has more than offset the contraction in automobile paper purchased from dealers and other lenders.
Consumer Instalment'Credit at Commercial Banks
(Estimates, in millions of dollars)

Type of credit

Amounts outstanding
Volume extended
Chang e from:
Change from:
• July "
Month Year
Month
Yearr
1971
ago
ago
ago
ago

July 31,
1971

Automobile paper, total
Purchased
Direct
Other consumer goods: Credit cards
Other
Home repair and modernization loans
Personal loans: Check-credit
Other
Total

20,834
:

+252

+ 73 1,754

-116

+ 78

12,614
8,220

+130
+122

-388 1,037
+461
717

- 73
- 43

- 19
+ 97

3,152
5,779
2,803
1,224
9,717

+
+
+
+
+

538
413
165
150
897

- 25
-111
- 6
- 20
- 12

+ 71
- 17
+ 20
+ 9
' + 59

. +498 +1,806 3,917

-290

43,509

30
80
38
17
81

+518
. +3.35
+ 48
+161
+671

Federal Reserve District:
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta

1,820
5,904
2,673
3,480
4,107
4,370

Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

6,009
2,262
1,432
2,372
2,600
6,480




+220
•

•+
+
+
+
+
+

12
57
39
28
39
60

+ 81
+ 31
+ 8
42
+ 46
+ 55

- 1
+215
+113
+114
+350
+248

159
521
218
289
395
405

+

99
40
12
14
13
25

• +
+
+
+

3
64
25
8
59
47

+ 85
+240
+ 63
+105
+ 55
+219

537
199
109
233
238
614

+
-

5
14
20
23
9
84

+
+
+
+
+
+

13
22
1
17
54
41