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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G,18

September "g, 1956
CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
JULY 1956

Consumer i n s t a l m e n t c r e d i t h e l d by commercial banks
amounted to $11,177 m i l l i o n d o l l a r s a t the end of J u l y , $81
m i l l i o n more t h a n a month e a r l i e r . The monthly expansion 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 of c r e d i t , with automobile
c r e d i t accounting f o r about o n e - h a l f of t h e r i s e . T o t a l . b a l ances a t t h e end of t h e month were 16 p e r c e n t l a r g e r t h a n
i n J u l y 1955.
The volume of c r e d i t extended i n J u l y was somewhat
l e s s t h a n i n June, as i s u s u a l a t t h i s time of y e a r , b u t e x ceeded t h e year-ago l e v e l .
:
Consumer I n s t a l m e n t C r e d i t a t Commercial Banks
(Estimates.; I n m i l l i o n s of d o l l a r s )

Type of c r e d i t
Automobile paper
Purchased
Direct
Other taonsumer goods paper
Repaid and .modernisation l o a n s
Personal loans
Total

Volume extended
Change from:
Month Year
aeo
ago

Amounts o u t s t a n d i n g
• Change from:
J u l y 31,
Year Month"
19#
ago

Jul
1956

J

+ 36
• U
+13
•12
•16

3,2U6
2,2U6
2,3UO
1,305
2,OltO

+

•
•

590
251
1*19
7h
187

%

-16

: < 216
281
99
29U_

-12
- 8'
-72
0
- 3

+ 36 .
•11

-2k

11,177

•81

•:1,521

1,205

-95

1SL

6lU
1,969
761

+ 10
+10

*

100
2k3
105

70
212
75

-11
- 7
- 2

+ 8
•17
•12

F e d e r a l Reserve D i s t r i c t :
Boston
New York
Philadelphia
- Cleveland
Richmond
Atlanta

732
761
759

''

+

8

•10
> 5
+
6

h

98
75
89

29
101
262

56
76
183

- 3

• 1

*

- 1

•

Kansas C i t y
Dallas
San Francisco

5&3
608
.1,850

k
•10
•

- 2
- 5
- 2
- 7
, -12
-11

26

352

>

,82
'83
81

-38/
- 3
- 3

•

1,7#
516
379

v
"

#3
53
Li

•lit

Chicago
S t , Louis
Minneapolis




*

•

hi

r
u

+19
0 .

h

- 5
• 8
•12

.