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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
