Full text of G.20 Finance Companies : March 1987
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.•is M FEDERAL RESERVE statistical release LIBRARY G.20 (422) 1987 M A R 1 6 W FINANCE COMPANIES The data on finance company receivables have been revised for the period June 1980 through December 1986 to reflect newly available historical information and to incorporate new seasonal factors. The seasonal factors were computed using an X-ll ARIMA process. To obtain historical data (diskettes, microfiche, or printed version), please contact the National Technical "Information Service of the Department of Commerce, 5285 Port Royal Road, Springfield, VA 22161, (703) 487-4650. The order numbers and prices for the products are: Note: Product Order Number Price Diskettes (2) Paper copy Microfiche PB 87-156964 PB 87-156972 PB 87-156972 $175.00 13.95 6.50 The diskettes are in the Lotus 1-2-3, version 2, worksheet format. _ _ FEDERAL RESERVE statistical release jUi, March 1987 Finance Companies - January 1987 G.20(422) RECEIVABLES OUTSTANDING AT FINANCE COMPANIES 1/ Millions of dollars Not seasonally adjusted Type of Credit ; Retail financing of installment sales Automotive Passenger cars Commercial vehicles 2/ Mobile homes 3/ Other consumer goods 4/ Equipment Wholesale financing Auto Equ ipment All other Leasing Auto Equipment Personal cash loans to individuals Other short-term business credit 5/ Other intermediate-term business credit Loans secured by real estate 6/ MEMO: Consumer credit and real estate loans 7/ Business credit 8/ January 31, 1987 Seasonally adjusted increase or decrease: 1986 November p m e m b e r 1987 January 91,411 26,267 9,057 12,891 22,740 -1,598 206 -57 -104 -96 1,088 -570 -63 -905 -100 —669 184 46 -200 -424 22,395 5,229 8,347 308 62 84 -1,717 170 37 -301 -27 993 19,670 39,276 21,573 16,059 13,654 34,119 134 -316 35 185 354 689 1,553 1,634 65 -203 753 406 -368 834 -29 -22 -615 870 169,051 173,637 -1,036 921 59? 1,558 18 255 1. Includes finance company subsidiaries of bank holding companies but not of retailers and banks. Data are shown before deductions for unearned income and losses. Components may not add to totals due to rounding. 2. Passenger car fleets and commercial land vehicles for which licenses are required. 3. Complete dwelling units built on a chassis and capable of being towed over the highway by truck but not by car. 4. General merchandise, apparel, furniture, household appliances, recreational vehicles, motorcycles, auto repair, and home modernization. 5. Loans on commercial accounts receivable and factored commercial accounts receivable. 6. Mainly junior mortgages. 7. Consumer credit includes personal cash loans to individuals and retail financing of passenger cars, mobile homes, and other consumer goods. 8. Retail financing of commercial vehicles and equipment, wholesale financing, lease financing, and other short- and intermediate-term business credit. Note: Finance company receivables data have been revised to include the latest available benchmark information as well as new seasonal adjustment factors. To obtain historical data (diskette, hard copy or microfiche), please contact the National Technical Information Service of the Department of Commerce, 5285 Port Royal Road, Springfield, Va., 22161, (703) 487-4650. -2- CREDIT EXTENDED AND LIQUIDATED AND CHANGE IN EXTENSIONS AND LIQUIDATIONS AT FINANCE COMPANIES 1/ Seasonally adjusted, j Q mil H o n s of dollars Extended Type of receivable Nov, im Peg i 1997 Jan* Change in liquidated Nov, 199* Pec i Change in extensions from a month 1997 _ago_ Van, from a year from a month from a year _a&2_ JUSL -agflL 1 I 1 1 -833| -2,382| 1 1 1 1 1 4,654| liquidations 1 1 1 1 924| 1 Retail financing of 1 installment sales 1 Automotive 1 528 Passenger cars 2,578| 4,818| 3,9851 4,1771 3,730| | Commercial 861| 801| -482| 997| 791| 1,431| -60| -55 vehicles 2/ -8141 6171 -102| 252| 213| 232| 259| 290| 315| Mobile homes 3/ -211 -7 71 1 1 Other consumer I -36 1,194| 1,428| 1,166| 1,298| 2,333| 1,366| -262| -169| -967| goods 4/ 3| 1,227 -321| 1,500| 1,407| 1,0861 1,596| 1,506| 1,510| Equipment -3991 | 1 Wholesale financing 9,813| 9,3471 8,551| 9,5051 11,064| 8,852| Auto -7961 -2,1681 -2,2121 -2,047 -13| —96 811| 600| 639| 628| 701| 641| -1401 Equipment -2111 -363 -634| 323| 431| All other 2,9031 2,989| 3,312| 2,8191 2,952| 2,318| | Lease financing 825 -631| 358| 1,290| 343| 1,633| 833| Auto 9671 1,8961 1,2651 -269 833| 1,8171 1,008| 1,149| 183| -809| Equipment 174| 121 -91 1 Personal cash loans 1 -321| 232 -415| 40| to individuals 1,9771 2,0431 1,628| 1,942| 1,978| 1,6571 | 1 1 Other short-term 13 338| -1,286| 8,462| 8,945| 7,841| 8,2771 9,148| 7,862| -1,104| business credit 5/ Other intermediate1 1 term business 1 I 1 1 * 659| 1,400| 2,4281 1,7191 1,046| 1,675| 2,334| -709| -587I credit Loans secured by 1 323 704| -537| -74| 1,9631 1,999| 1,9251 1,274| 1,5931 1,056| real estate 6/ MEMO: Consumer 1 I I i credit and 1 1 1 1 real estate 1 i 1 1 7,9451 10,5411 8,963| 8,981| 9,9491 8,946| -1,5771 -1,8281 -1,004| 1,040 loans 7/ | Business 1 -764 credit 8/ 27,5761 30,5011 26,1831 26,6551 28,9431 25,9281 -4,3181 -2,6381 -3,0151 1 1 * - less than +/- 0.5 million. See footnotes on page 1. SELECTED LIABILITIES OF FINANCE COMPANIES Millions of dollars Type of liability Bank loans (short- and long-term) Commercial paper (directly placed and dealer placed) Seasonally adjusted increase Not seasonally adjusted January 31, 1987 November 28,879 1,162 303 -760 118,488 930 2,154 751 - or decrease (-?; 1*86 December 1987 January