Full text of G.20 Finance Companies : June 1973

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FEDERAL

R ESERVE

s t a t i s t i c a l

#

r e Ie <

FINANCE COMPANIES - A P R I L 1973

April.

Consumer credit outstanding at finance companies rc se $328 million during
A l l major types of credit contributed to this greater than seasonal rise,

Consumer credit extended by finance companies in Ap ril, on the other hand,
was $22 million less than the amount extended in M a r c h .
Both passenger care and
personal loan extensions were smaller than those reported a in
onth ago. April
extensions for these types of credit, however, remained very high.
C
Total business credit outstanding increased only $5 0 million in April as a
result of large drops in both loans on commercial accounts receivable and factored
accounts receivable. April extensions of business credit were $620 million less than
in the previous month; all major types of credit with the exception of retail credit
on business, industrial and farm equipment.contributed to th:.s smaller volume. By
comparison, April 1972 extensions tiere $1,061 million smaller than in the previous
m o n t h of that year and $2,216 million less than in the current April.

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

Type of credit
Consumer instalment credit
Retail automotive (passenger
cars)
Mobile homes
Other retail consumer goods
Home repair and modernization
Personal loans

Increase oi decrease (-] during:
Year ended
April 1973
April 1972
April 30, 1973
328
239
4.123

April 30,
1973
33.078
10,617
2,991
3,831
611
15,028

.
.

.

198
48
35.
30
17

49
27
13 V
15
135

1,244
377
755
335
1.412

Consumer Credit Extended and Repaid at Finance Companies
(In millions of dollars)

Type of credit
Consumer instalment credit
Retail automotive (passenger
cars)
Mobile homes
Other retail consumer goods
Home repair and modernization
Personal loans
Revised.




Extended by finance cos
March
April
April
1973
1973
-1972

Repaid to finance cos.
April
March :
April
1973
1973
1972

3.576

3,071

3,248

3.279

2.832

743
117
777
31
. 1.403

651
98
986
25
! 1.488
•

734
96
970
24
1.455

694
90
764
16
1.268

849
146
1,021
55
1.505

3.598*
.

886
130
'1,014*
43
1.525*

:

'

G.20

. <*y

-2-

.

-

Outstanding Business Credit Held by Finance Companies
(In millions of dollars)
Increase or decrease ('-) during:

Type of credit

Business credit
.
Retail automotive (commercial
vehicles
Wholesale automotive
Retail paper on business, in• dustrial and farm equipment
Loans on commercial accounts
rece ivab le
Factored commercial a c c o u n t s '
receivable .
All other business credit

April 30,
1973
j
j
j
j
j
j
j
_
j
j
j
i

27 ,226
4.
,499
6.
,202

A p r i l 1972

i A p r i l 1973

j • a
;

•

,

7,,390

;

i3i

1.,496

'

-291

1.,421
6.
.218

1

96.
|

41
5

1

!

j A p r i l 30,
2,753

125
107

!

1,022

' |

-83

" " 22
"15

-96
240 '

i

403
178

j

-197
54

j
i

126
• 1.107

Business Credit Extended and Repaid at Finance Companies
(In millions- of dollars)

Type of credit

April
1973

9,607

6,771

8,957

9,518

6,675

435
I 3,542

433
2,846

380
3,397

372
3,384

308
2,739

839

528

735

1,142

506

1,542

1,024

1,523

i;506

1,039

| 1,839
1 1,410

854
1,086

1,829
1,093

1,797
1,317

1,051
1,032

Business credit
8^987
Retail automotive (commercial
vehicles)
421
Wholesale automotive
3,402
Retail paper on business, inj
dustrial and farm equipment
866
Loans tin' commercial accounts
1,232
receivable .
Factored commercial accounts
1,733
receivable
1,333
All other business credit




Repaid to finance cos.
March
I April
;
1972
1973

Extended by finance cos.
March•
April
April
1973
1972
1973

Change in Extensions and Repayments
(In millions of dollars)
Change in extensions fr'pm:
'Year. ago|
ago
Month .

Type of credit
Consumer instalment credit
Retail automotive (passenger
cars)
Mobile homes
Other retail consumer goods
Home repair and modernization
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 repayments from:
. Year ago
Month ago

505

-31

416

106
29
244
24
• 102

-83
2
16
1
33

-43
8
222
9
220

-22* .
-37
16
7*
12
-20*

-561

2.282

-14
-140

-12
556

8
13

72
658

27

338

-407

229

-620
•

2,216

-310

208

17

484

-106 '
. -77

879
247

32
-224

778
61

.

Revised.
Number of Motor Vehicles Financed at Retai 1 by Finance Companies
(In thousands)

/

Change
Month
ago

April
1973

Type of vehicle

=1

153
.129
96

New passenger
Used passenger
New and used commercial

1

11

-5
-1.
-1

378

Total financed at retail

Year
a
8°

16
-1
2

•

Selected Liabilities of Finance Companies
(In millions of dollars)
Increase or decrease
1(-) during
Type of liability

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




April
1973

April 1973

March 1973

5,657
18,639
17,604

-367
-63
-21

755
336
588
-252

i .ms

_T&?

April 1972

505
972