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FEDERAL

• i m m ?

statistical

RESERVE

release

-•fXALRt^-

p.temher 6, 1966.

G. 18
!

CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS
,

JULY 1966

Consumer instalment credit at commercial banks at the end of July
^amounted to__S31-.-398 million, representing an increase of $385 million during
the month. All types of credit were larger than on June 30 but automobile and
other consumer goods paper accounted for the major portipn of the expansion.
The volume of credit extended was down in July as is customary at
this time of the year. Loans made for nonautomotive consumer goods, however,
showed considerable strength and were above the volume of the preceding month.
Loans of this type also showed a substantial increase over the year-period
while direct automobile loans fell off somewhat.
Consumer Instalment Credit at Commercial Banks
(Estimates, in millions of dollars)

Type of credit

Automobile paper, total
Purchased
Direct
Other consumer goods
Home repair and modernization
Personal loans
TOTAL

Volume extended
Change from:
Year
Month
ago
ago

Amounts outstanding
Change from:
Year
Month
ago
ago

July
1966

July 31,
. 1966

+177

+2,166

1,413

-157

-18

11,219
6,157

+144
+ 33

+1,458
+
708

921
492

- 87
- 70

+13
-31

4,713

+132

+

796

470

+ 27

2,555
6,754

+ 26
+ 50

+
+

58
673

141
693

7
- 58

- 3
+15

+385 '

+3,693

2,717

-195

+69

1,404
4,274
1,868

+ 12
+ 36
+ 30

+
+
+

116
281
142

121
358
155

- 10
- 37 1
- 8

+ 2
-13
+ 2

2,427
" 2,420
2,752

+ 40
+ 22
+ 35

+
+
+

422
196
418

215
197
290

- 22
- 19
+
1

+17
- 7
+22

4,899
1,450
969

+ 71
+ 15
+ 16

+
+
+

.646
128
147

418
120
87

- 16
7
- 6

- -11
+ 9
- 2

1,595
1,925
5,415

+ 16
+ 25
' + 67

+
+
+

182
264
751

142
164
450

- 18
- 15
- 38

+ 3
+ 6
441

17,376

31,398

1

+75

Federal Reserve District:
Boston
New York
Philadelphia
(Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
' Dallas
Digitized San FRASER
for Francisco



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:

/M,