Full text of G.20 Finance Companies : February 1978
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. # # , F E D E R A L '.iwtHIII#?' R E S E R V E statistical release G.20 February 1978 Finance Companies-December 1977 Outstanding Consumer Credit Held by Finance Companies (In millions of dollars) Type of credit December 31, 1977. Seasonally adjus ted increase or decrease (-) during: 1977 December October November Consumer instalment credit Retail automotive (passenger cars) 44,015 487 542 498 14,263 52 242 126 Mobile homes Other retail consumer goods Home improvement loans Personal loans 3,109 5,196 145 21,302 -11 96 -2 352 4 58 3 235 —8 125 2 253 Consumer Credit Extended and Repaid at Finance Companies (Seasonally adjusted, in millions of dollars) L Type of credit Extended by finance cos. 1977 October November December Repaid to finance cos. 1977 October November December Consumer instalment credit Retail automotive (passenger cars) 3,653 3,602 3,743 3,166 3,059 3,245 989 1,097 1,143 937 855 1,017 Mobile homes Other retail consumer goods Home improvement loans Personal loans 61 552 7 2,044 54 527 10 1,914 60 555 10 1,975 72 456 9 1,692 50 470 6 1,678 68 430 8 1,722 NOTE: Detail may not add to totals due to rounding. G.20 Outstanding Business Credit Held by Finance Companies (In millions of dollars) ' Seasonally adjusted increase or decrease 1-) during: Type of credit December 31, 1977 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 1977 December.— November October 55,053 1,522 499 906 11,985 11,966 152 741 146 -96 332 294 14,441 415 357 96 -128 16 53 248 94 15 61 3,901 • 2,253 10,507 1 | -43 174 Business Credit Extended and Repaid at Finanec Companies (Seasonally adjusted, in millions of dollars) Type of credit 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 Extended by finance cos. 1977 Orl-nhp.r November December Repaid to finance cos. 1977 October November Decepbei: 12,461 12,655 13,386 10,939 12,156 12,480 942 5,488 961 5,104 1,156 5,731 790 4,747 815 5,200 824 5,437 1,096 1,176 1,003 681 819 907 2,032 2,428 .2,334 2,160 2,412 2,281 1,506 1,397 1,466 1,520 1,599 1,563 1,258 1,303 S 1,451 1,459 1,642 1,389 -3- G.20 Change in Extensions and Repayments (Seasonally adjusted, in millions of dollars) Type of credit Consumer instalment credit Retail automotive (passenger car) 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 extensions from: Year ago Month ago Change in repayments from Year ago Month ago 141 496 186 407 46 144 162 170 6 28 61 8 86 5 253 18 -40 2 44 -1 107 3 128 731 2,112 324 1,750 195 627 332 1,069 9 237 197 912 -173 296 88 383 -94 -47 -131 -2 133 43 166 296 191 -70 217 43 * * Less than 0.5 million Number of Motor Vehicles Financed at Retail by Finance Companies (In thousands) Type of vehicle December 31, 1977 Total financed at retail i New passenger Used passenger New and used commercial Month ago 360 26 108 90 162 -9 Change from: Year ago -4 7 -5 * 35 * Less than 0.5 thousand Selected Liabilities of Finance Companies (In millions of dollars) Type of liability Bank loans (excl. commercial paper) Commercial paper Directly placed Dealer placed December 31, 1977 5,887 29,646 26,321 3,325 Seasonally adjusted increase or decrease (-) during: October 333 1,282 1,413 -131 November December -138 516 225 291 -154 1,678 1,238 440 S G.20 ~4™ * Outstanding Assets and Liabilities of Domestic Finance Companies (Millions of dollars) Dec. 31 1977 Assets Gross accounts receivable Consumer credit Business credit Less: Reserves for unearned income and losses Net accounts receivable Seasonally adjusted increase or decrease (-) during: 1976 1977 0IV 01 Oil OIII OIV 99,245 44,015 55,228 2,075 855 1,220 3,767 1,561 2,206 3,856 1,032 2,824 4,055 1,224 2,831 4,454 1,527 2,927 12,745 86,500 294 1,784 352 • 3,415 368 3,488 548 3,507 1,000 3,454 2,414 157 80 846 14,311 -77 114 -75 —68 25 156 15 -19 -47 51 -175 -7 133 157 695 12 -150 -145 618 681 103 13 23 -879 280 104,309 2,549 3,378 4,457 2,814 4,479 Bank loans (excl. Com'1 paper) Commercial paper Directly placed Dealer placed Short-term debt, nec. 5,887 29,646 26,321 3,325 6,218 124 1,151 765 386 55 438 1,482 1,294 188 -960 -824 2,660 2,491 169 1,092 -1 -1,491 —1,606 115 13 41 3,476 2,876 600 677 Long-term debt, nec. All other liabilities 35,970 11,503 1,006 -255 1,848 829 778 5 164 3,554 913 -1,016 Capital, surplus, and undivided profits 15,085 163 571 317 125 707 104,309 2,549 3,378 4,457 2,814 4,479 Cash and non-interestbearing deposits Time deposits (incl. cd.'s) U.S. Government securities Other marketable securities All other assets Total assets Liabilities Total liabilities and capital