Full text of G.20 Finance Companies : January 1974

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F E D E R A L

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. G.20

January 1974FINANCE COMPANIES - November 197:

Consumer instalment credit outstanding increased $5^2 million during
November.
This seasonal rise was reflected in all the m a j o r Areas of consumer
credit, with personal loans evidencing the greatest growth.
Extensions of consumer instalment credit were $43 m i l l i o n less than
last month.
The increase of $162 m i l l i o n in personal loans WE.S offset by
declines in all other credit categories. Repayment^ w e r e als'cj less than in
October, due to decreases in all the m a j o r credit categories.
Outstanding business credit increased $424 m i l l i o n in November, bringing
the total to over $28.3 billion. ( W h o l e s a l e automotive paper accounted for the
bulk of this seasonal growth.
'
Both business credit extensions and repayments w e r e significantly
less than last m o n t h .
Except for.a small increase in repayments of retail
automotive paper, all the credit categories contributed to these greater
than seasonal declines.
' Outstanding Consumer Credit Held by Finance Companies
(In millions of dollars)

Type of credit

Nov. 30,
T971

Consumer instalment credit
Retail automotive (passenger
cars)
M o b i l e homes
Other retail consumer
Home improvement loans
Personal loans

'
goods
1/
/>

Increase or clecrease (-] during:
Year ended
Nijvember

November
1973

Nov. 30. 1973

36.887

522

1972
457

11,949

90

112

1,923

3,310
4,371
886
16.371

41
55
39
297

37
46
40
222

411
895
434
1-797

5,460

Consumer Credit Extended and Repaid at Finance Companies
(In millions of dollars)
Extended by finance cos
Type of credit
Consumer instalment credit
Retail automotive (passenger
cars)
M o b i l e homes
Other retail consumer goods
Home improvement loans If
Personal loans

;

Nov.
1973
3.722

Oct.
1973
3.765

Nov.
1972
3.581

758
133

904
146
1,052
89
1.574

.

1,010
85
1,736-


1/ Formerly
Home repair and modernization.


765
129
933
44
1.710

Repaid

to finance cos.

Nov.

Oct.

1973

1973 .
3,393

3.200
668
92
955
46
1.439

766

112
1,001
51
1.463

Nov.
1972
3.124
653
92
887
4 .
1.488

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G.20

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. Outstanding Business Credit Held by Finance Companies
(In millions of dollars)

Type of credit

Business credit
Retail automotive (commercial
vehicles
Wholesale automotive
Jletail^paper on business, in. Hits trial and farm equipment
Loanson commercial accounts
receivable
Factored commercial accounts
receivable
All other business credit

Nov. 30',
1973

j

Increase or decrease ( - ) during:
November
November
Year ended
1973
1972
Nov. 30 t 197

28,383

424

423

3,143

4,226
6,190

-27
.351

25
209

-226
1,214

7,970

-7

97

590

2,045

50

-1

343

1,567
6,385

-12
69

-13
106

249
973

.

B-usiness Credit Extended and Repaid at Finance Companies
(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.
Nov.
Oct.
Nov.
1973
1973
1972

Repaid
Nov.
1973

to finance cos .
Oct.
Nov.
1973
1972

9,013

8,196

8,589

10,449

7,773

396
3,314

393
3,232

, 391
3,588

371
3,105

366
3,583

10,948
397 ^
3,892

763

1,550

683

770

1,753

2,401

•

1,215

1,703

2,371

1,216

1,316
1,232

1,352
1,356

1,397
1,191

1,328
1,163

1,409
1,287

1,410
1.085

1,403.

586

Bank:loans to finance companies increased $877 million during the month,
Both directly place paper and dealer
after a sizable decline in the preceding month.
placed paper were responsible for the rise of $121 million in total commercial paper.




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Change im Extensions and Repayments
(Injmillions of dollars)

Type of credit
Consumer instalment credit
Retail automotive (passenger
cars)
Mobile homes
Other retail consumer goods
Home improvement loans 1/
Personal loans

Change in extensions from:
!
Year ago
Month ago
141
243

162

;

"

i n :

15
*

-98
-20
-46
-5
-24

42
-49

-1.860

816

-7
4
77
41
26

-146
. -13
-42
-4

-1.935
Business credit
Retail automotive (commercial
vehicles)
-31
-309
Wholesale automotive
Retail paper on business, in• dustrial and farm'equipment.
-787
Loans on commercial accounts
-648
receivable
Factored commercial accounts
-36
receivable -124
All other business credit
V
Formerly Home repair and modernization *

Change in repayments from
Year ago
Month ago
-193
Z6

-

68

2
-356

-3D
269

22
127

80

-633

184

538

-668

487

-81
41
less than 0.5 mi

-81
-124

-82
78

Number of Motor Vehicles Financed at Retail b y Finance Companies
(In thousands)

Nov. 30, '
1973

Type of vehicle

Change from:
Year
Month
ago
ago
Z33

• 315

Total financed at retail

-26
-17
-2

133
99
83

New passenger
Used passenger
New and used commercial

-9
-16 .
-8

Selected Liabilities of Finance Companies
(In millions of dollars)

Type of liability

Bank loans (excl. commercial
paper)
Commercial paper
Directly placed

DigitizedDealer
for FRASER
placed
.—_
*
less than 0.5 million
.


Nov. 30,
1973

6>194
20.089
1

i 8 ;t 4 4

Increase or decrease
( - ) during:
October
November
November
1972
1973
1973

877
121
49

-849
983
481
502

-45
85