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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

Month
ago

360

i

New passenger
Used passenger
New and used commercial

26

108
90
162

Total financed at retail

Change from:
Year
ago

-9

-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