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R E S E R V E 413

FEDERAL

elea se

s t a t i s t i c a l

G.20

:

January 7, 1971
FINANCE COMPANIES

" —

i

>

NOVEMBER 1970
Holdings of consumer instalment paper by finance: companies continued to
decline during November reducing the total holdings to $31 billion. Passenger car
and nonautomotive consumer goods paper outstanding declined $239 million and
$46 million respectively. Personal loans outstanding, on the other hand, increased
$57 million largely as a result of the $221 million advanci. in credit extended in
personal loans during November.
Total credit extended to consumers in November was $45 million less than
the amount extended in October. The largest decline, $180 million, occurred in
passenger car credit, reducing these extensions to $430 mi lion. . Extensions of nonautomotive consumer goods were down $85 million from those a month ago. The
$221 million increase in the amount of personal:loan extern:ions only partially offset
. the drop in the other two major categories .
Total business credit outstanding at finance coiimpanies and total extensions
The decline was present
of business credit both declined from October to November
in all three major categories.
• -'
,
Outstanding Credit Held by Finance Companies
(In millions of dollars)

Type of credit

Consumer instalment credit .
Retail automotive (passenger cars)
Other consumer goods
Home repair and modernization
Personal loans
Business credit 1/
Retail automotive (commercial
vehicles)
Wholesale automotive
Other business credit

November 30.
1970

Increase or decrease during:
Year ending •
NOA
Nov.',/
Nov. 30, 1970'
1969 19

31,081

-Z

10,226

-22

6,548

9
- 1
163

94
14,213

18,163

3,013
2,899
12,251

-309

- 1
-27
- 62

- 13
431

Not available at
present due to
revisions in
reporting

1/Excludes some credit extended to business, such as that e xtended by factoring
subsidiaries.
2/Less than 0.5 million, dollars.




Credit Extended by Finance Companies
(In millions of dollars)

Consumer

1970
2,342

instalment credit

Retail automotive

(passenger cars)

430

2#
165

New
UsedOther consumer goods'
Home repair and modernization
Personal, loans
^

Change from:

November

Type of credit

|
1

-

Mtinth ago .

Year ago

- 45

-176

-180

-257

-160
- 20

419

- 85

• 1

-

1,492

1

221

2,957

-655

138

- 52

wholesale automotive paper

1,05 7

-224

Other business credit

1,762

'Business credit 1/
Retail automotive

(commercial vehicles)

3/

3/
- 29
- 3
113
Not available
at present
revisions
in reporting

-379
i

. 1/Excludes some credit extended to business, such as that extended by factoring
subsidiaries.
2/Less than 0.5 million dollars.
_3/Not avai 1 abl-er'due to revisions in reporting.

Number.of Motor Vehicles Financed by Finance Companies
(In thousands)

Type of .vehicle

November 1970

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




78

89
29