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it 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 .