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r e l e a s e

April 1978

G. 20
Finance Companies - February 1978
Outstanding Consumer Credit Held by Finance Companies
(In millions of dollars)

Type of credit

February 28,
1978

Seasonally adjusted
increase or decrease (-) during:
1978
1977
February
January
December

Consumer instalment credit
Retail automotive (passenger
cars)

44,107

498

461

409

14,374

126

247

201

Mobile homes
Other retail consumer goods
Home improvement loans
Personal loans

3,098
5,206
146
21,283

—8
125
2
253

36
15
-1
163

-9
31
3
183

Consumer Credit Extended and Repaid at Finance Companies
(Seasonally adjusted, in millions of dollars)
j.

Type of credit

Extended by finance cos.
1977
1978
December January February

Repaid to finance cos.
1978
1977
January
February
December

Consumer instalment credit
Retail automotive (passenger
cars)

3,743

3,575

3,753

3,245

3,114

3,344

1,143

1,088

1,080

1,017

841

879

Mobile homes
Other retail consumer goods
Home improvement loans
Personal loans

60
555
10
1,975

101
530
5
1,851

62
614
8
1,989

68
430
8
1,722

65
515
6
1,688

71
583
5
1,806

NOTE:

Components may not add to totals due to rounding.




-2-

G. 20

Outstanding Business Credit Held by Finance Companies
(In millions of dollars)
Seasonally adjusted
increase or decrease (-) during;
1978
1977
Feb. 28,
Type of credit
February
January
December
1978
Business credit
Retail automotive (commercial
vehicles
Wholesale automotive
Retail paper on business, industrial and farm equipment
Loans on commercial accounts
receivable
Factored commercial accounts
receivable
All other business credit

56,564

906

777

461

12,123
12,620

332
294

161
285

161
86

14,588

96

311

72

3,899

53

-35

75

2,206

-43
174

-7

-2

11,128

69

62

Business Credit Extended and Repaid at Financc Companies
(Seasonally adjusted, in millions of dollars)

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Business credit
Retail automotive (commercial
vehicles)
Wholesale automotive
Retail paper on business, industrial and farm equipment
Loans on commercial accounts
receivable
Factored commercial accounts
receivable
All other business credit




Repaid to finane:e C O S .
Extended by finance cos.
1<)78
1977
1977 1
1978
Feb.
Jan.
Dec.
Jan. 1 Feb.
Dec.
13,007
11,930
12,707 | 13,468 | 12,480
13,386
877
5,350

1,156
5,731

1,023
5,141

824
1,038 |
5,436 | 5,437

862
4,856

1,003

1,004

1,258

907

693

1,186

2,334 , 2,411 ! 2,508

2,281

2,446

2,433

1,694
1,534

1,642
1,389

1,598
1,475

1,696
1,465

1,599
1,563

1,591
1,537

J

|

n-

-3-

G. 20

Change in Extensions and Repayments
(Seasonally adjusted, in millions of dollars)
Type of credit

452

230

392

66

38

39

-39
84
3
138

9
141

-22

234

6
68
-1
118

761

1,696

1,077

1,677

15
295

130
504

15
494

221
580

254

556

493

534

97

134

-13

-15

103
-3

135
237

98

186

Consumer instalment credit
Retail automotive (passenger
car)

178

Mobile homes
Other retail consumer goods
Home improvement loans
Personal loans
Business credit
Retail automotive (commercial
vehicles)
Wholesale automotive
Retail paper on business, industrial and farm equipment
Loans on commercial accounts
receivable
Factored commercial accounts
receivable
All other business credit

Change in repayments from
Year ago
Month ago

Change in extensions from
Year ago
Month ago

—8

2

144
2

229

171

-10

Number of Motor Vehicles Financed at Retail by Finance Companies
(In thousands)
Type of vehicle

Month
ago

Feb. 28,
1978

Total financed at retail
i

New passenger
Used passenger
New and used commercial

Change from:
Year
ago

306

18

-10

88
90
128

1
7
10

-6
4
-8

Selected Liabilities of Finance Companies
(In millions of dollars)

Type of liability
Bank loans (excl. commercial
paper)
Commercial paper
Directly placed
Dealer placed




Feb. 28,
1978
5,714
30,569
26,658
3,911

Seasonally adjusted increase or decrease
(-) during:
February
January
December
1978
1978
1977
-154
1,678
1,238
440

344
1,274
930
344

—68
-224
-365
141