The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 0.16 • S e p t e m b e r 30* 1958 CONSUMER IyST.iDTEKT CR1IIT AT COK-SRCI/.L E;WKS AUGUST 1958 Consumer i n s t a l m e n t c r e d i t h e l d b y c o m m e r c i a l b a n k s i n c r e a s e d 3ii9 m i l l i o n i n A u g u s t t o an . e s t i m a t e d £ 1 2 , 6 3 0 . m i l l i o n a t t h e m o n t h - e n d . • The m o n t h l y e x p a n s i o n r e f l e c t e d i n c r e a s e s i n a l l t y p e s o f c r e d i t e x c e p t l o a n s made d i r e c t l y t o c o n s u m e r s f o r t h e p u r c h a s e o f a u t o m o b i l e s . T o t a l b a l a n c e s were up s l i g h t l y f r o m a y e a r e a r l i e r . The volume o f c r e d i t e x t e n d e d d u r i n g August v.T"s 8 7 8 m i l l i o n s m a l l e r t h a n a month e a r l i e r , as a r e s u l t o f d e c l i n e s i n n e a r l y a l l types of c r e d i t . Consumer I n s t a l m e n t C r e d i t a t C o m m e r c i a l Banks • (Estimates. I n millions of d o l l a r s ) - -Tyee-o.f. c r e d i t AU-T.Cmo b i l e . Volume E x t c n d e d Chanre ; f r o m : X>nth Y e a r ago Amounts o u t s t a n d i n g . ChanRE f r o m : August 3 0 , Month l e a r ago 1958 August 1958 PRP e r . .. Purchased •Direct O ^ n e r - c o n s u m e r goods p a p e r R e p a i r and m o d e r n i z a t i o n l o a n s Personal loans 'Total + 13 - 7 + 3 +18 + 22 3,918 ^ 2,332 2,276' 1,512 ' 2,592 12,630 - -108 +- 2 -158 + 9 + 278 'tkZ 359 208 235 105 • 317 1,23k -1)2 -lb -20 -25- + 1 -20 -25 . -11 - 8 •30 . -78 -86 - 7 - 5 -17 + b F e d e r a l -Reserve - D i s t r i c t : Poston •!ev; York .Philadelphia Cleveland Richmond' Atlanta 7I; : 991 1,738 556 Kansas C i t y 'Dallas San F r a n c i s c o 630 702 2,:C6 UTS' ' 66 203 91 3 33 + 10 + 8 + + 3 + 7 + 6 - b5 * b2 + 39 0• 5 + 7 -10b - 10 + 39 - + 5 - 5 + 5 + hi V 851; 831 Chicago S t . Lo u i s . Hi.nr.eacolis 0 2,1"K . 92b + 2 - 27 -27 * 2 - - 6 + I En 95 . 105 - 163 -17 0 + 1 Sh 52 5 70 - 6 -lb 187 0 68 - -11 + 1 - b -38 0 2 • ~ f -lb + 1