Full text of G.20 Finance Companies : June 5, 1972

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F

E

D

E

R

A

L

R

s t a t i s t i c a l

ESERVE
r e l e a s e

/U-.20

June 5, 1972
FINANCE COMPANIES
APRIL 1972

Consumer instalment credit outstanding at finane companies rose for the
third consecutive month bringing the total holdings to over $ 32.5 billion. All of the
major categories contributed to the $309 million increase with passenger cars and
personal loans outstanding showing large increases of $134 mi llion and $152 million
respectively.
Credit extended to consumers by finance companie
in April declined
$97 million''from the amount extended in the previous month. This was the result of
reduced extensions in three of the major categories of credit
Repair and modernization
loan extensions^, on the other hand, showed little change fron the previous month's
amount.
Total business credit outstanding continued to
ise as a result of increased outstandings in each of the major categories. The tc tal business credit extended for April was $520 million below last month's level, Extensions were lower in
all of the major categories with the largest decline, $271 mi llion, in wholesale automotive paper.
The number of motor vehicles financed by finance companies fell 26,000 units
with declines shown in all types of vehicles financed. .
Outstanding Credit Held by Finance Cc mpanies
(In millions of dollars)

Type of credit

Consumer instalment credit
Retail automotive

(passenger cars)

Other consumer goodse
Home repair and modernization
Personal loans
Business credit 1/
Retail automotive (commercial
vehicles)
Wholesale automotive
Other business credit

April -30,
1972

Increase or decrease during
Apr.
Year ending
Apr
A p r . 30, 1972
19721
1971

32,530

30S

10,474
6,574
112
15,370

2C
15

21,857

209

3,182
5,890
12,785

41
10/
6L

43

134

693
83
5
14

294 14
1,160

Not available at
present due to^
revisions, in
reporting , .

^/Excludes some credit extended to business, such as that ext ended by factoring
subsidiaries.




Credit Extended by Finance Companies
(In millions of dollars)
Apr. 30,
1972

Type of credit

Year ago

2,793

Other consumer "goods
Home repair and modernization
Personal loans
Business credit 1/

12

2
- 12

N.A.
N.A.

570
7
1,394

New
Used

121

- 14

6C(7
215

Retail—automotive (passenger cars)

. -_97

822

Consumer instalment credit

- .

Change from:
Month ago

" 15
2
- 70

- 7

5,935

-520

214

Retail automotive (commercial vehicles)

- 44

Wholesale automotive paper

2,957

Other business credit

2,764

.

-271

116

Not available.
at present
due to
revisions
in reporting

-205

J./Excludes some credit extended to business, such as that extended by factoring
subs id iaries .
N.A. Not available.
- Less than 0.5 million dollars.
Number of Motor Vehicles Financed by Finance Companies
(In thousands)

April 1972

Type.of vehicle

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

324

„




j
,

163
111
50