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BOARD OF GOVERNORS OF THE FEDERAL RESERVE rSYSTEM'
G.21

July 5, 1961

CONSUMER LOANS FADE UNDER EFFECTIVE STATE SMALL LOAN LAWS* _
amount outstanding and volume of loans made
May 1961

"

(Estimates, in millions of dollars)
May
Item

Amount of loans outstanding,
end of month
. .
Change from:
Month ago
Year ago
Volume of loans made during
month
Change from:
Month ago
Year ago

1961

I960

1959

. 3,585

3,135

-2,797

+ 10
+ 338

+

1
+ .250

.

•

34
26

332

371

597
+
+

—

43
-K 39

+
+

*Data cover all consumer loans made under effective State
small loan laws, as defined, by the National Consumer Finance
Association. Includes such loans made by consumer finance companies, sales finance companies, and other lending institutions.




6
79

9
28