Full text of G.20 Finance Companies : April 3, 1972

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v Q* GOV,•

FEDERAL

RESERVE

ta ti s ti ca I el
rease

A p r i l 3, 1972
F I N A N C E COMPANIES
FEBRUARY 1972
Holdings of consumer instalment credit outstandinjg at finance companies rose
Three major categories
slightly in February bringing the total to nearly $32 billion
of credit contributed to this growth with retail passenger cai and personal loan out- „
standings showing the largest increases--$.10 million and $-15 million, respectively.
Credit extended to consumers by finance companies in February .was "
Extensions <%gfcredit
$107 million larger than the amount extended a^ month earlier
through direct loans and p u r c h a s e ^ p a p e r increased in each of the three major'cate- .
gories of credit, with passenger car and personal loan extens ions at $678 million and
$1,177 million, respectively.
Total business credit outstanding increased $457 million bringing the tota
holdings to over $21.2 billion. A l l major categories present ed larger outstandings,
Total business credit extended .during February was $252 milli on over- that extended I n
January. Other business credit showed lower extensions but this was offset by growth
in retail commercial vehicle paper and wholesale automotive paper.
The number of motor vehicles financed by finance
-units with increases in all types of vehicles financed.

companies rose 21,000

Outstanding Credit Held by Finance Co npanies
(In millions of dollars)

F e b r u a r y 29,
1972

Type of credit

Inert jase or decrease during:
*' Year ending
Feb.
Feb.
Feb. 29, 1972
1972
1971
-280

1,468

10

- 82

535

7
- 1
15

-112

15
14
904

31,979

31

Retail automotive (passenger cars)

10,207

Other consumer goods
Home repair and modernization
Personal loans .

6,508
107
15,157
21,287

457

3,101
5,490
12,696

3
416
38

Consumer instalment credit

Business credit 1/
Retail automotive

(commercial
vehicles)

Wholesale automotive
Other business credit
1/Excludes some credit extended
subsidiaries.

* Less than 0.5 million dollars.


to business^

- 86

Not available at
present due to
revisions in
reporting

such as that ext inded by factoring

Credit Extended by Finance Companies
(In millions of dollars)

2,354

Consumer instalment credit
Retail automotive (passenger cars)
New
".Used
- Other consumer goods
Home repair and modernization
Personal loans
Business credit I!

Change f rom:

Feb. 29,
1972

Type of credit

-

-

Retail automotive -(commercial vehicles)

Month ago

Year ago

107

233

678

58

57

488
190

47
11

N.A .
N.A.

*

124

1
|
j

496

^

1,177

- 1
50

i
i

5.580

252

197

41

Wholesale automotive paper

2,854

297

Other business credit

2,529

-

52
Not available
at present
revis ions
in reporting

- 86

"-_1/Excludes- some credit extended to business, such as that extended by factoring
subsidiaries.
N.A. Not available..
.
. * Less than 0.5 million dollars.
Number of Motor Vehicles Financed by Finance Companies
(In thousands)

Type of vehicle

Total financed at retail
New passenger
'
Used passenger
New and used commercial




February 1972

272
122
98
52.