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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 1961 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 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