Full text of G.20 Finance Companies : May 1978

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FEDERAL
RESERVE
statistical release

G. 20

May 1978
Finance Companies-March 1978

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

Type of credit

March 31,
1978

Seasonally adjusted
increase or decrease (-) during:
1978
Januarv
March
February

Consumer instalment credit
Retail automotive (passenger
cars)

44,486

461

409

662

14,577

247

201

238

Mobile homes
Other retail consumer goods
Home improvement loans
Personal loans

3,085
5,259
149
21,416

36
15
-1
163

-9
31
3
183

2
110
3
309

Consumer Credit Extended and Repaid At Finance Companies
(Seasonally adjusted, in millions of dollars)

Type of credit

Extended by finance cos.
1978
Januarv
Feburarv March

]
!

Repaid to finance cos.
1078

January

Feburarv

March

Consumer instalment credit
Retail automotive (passenger
cars)

3,575

3,753

3,914

3,114

3,344

3,252

1,088

1,080

1,173

841

879

935

Mobile homes
Other retail consumer goods
Home improvement loans
Personal loans

101
530
5
1,851

62
614
8
1,989

74
554
8
2,105

65
515
6
1,688

71
583
5
1,806

72
444
5
1,796

NOTE:

Components may not add to totals due to rounding.




G.20
Outstanding Business Credit Held by Finance Companies
(In millions of dollars)
I
Seasonally adjusted
increase or decrease l-) during:
March 31,
1978
Type of credit
March
February
1978
January
810
461
777
57,620
Business credit
Retail automotive (commercial
159
161
161
12,415
vehicles
273
86
285
12,956
Wholesale automotive
Retail paper on business, industrial and farm equipment
Loans on commercial accounts
receivable
Factored commercial accounts
receivable
All other business credit

14,177

311

72

-112

3,971

-35

75

73

2,300
11,801

-7
62

-2
69

1

i

1

34
383

Business Credit Extended and Repaid at Financc Companies
(Seasonally adjusted, 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. , Repaid to finance cos.
1978
1978
January
February Marrh
January jFebruary March
12,707

13,468

1,023
5,141

1,038
5,436

1,076 j
5,951 |

1,004

1,258

981

2,411

2,508

2,915

1,591
1,537

1,694
1,534

1,666
1,729

14,318 | 11,930 i

I
1

862
4,856

13,007

13,508

877
5,350];

917
5,678

693

1,186

1,093

2,446

2,433

2,842

1,598
1,475 j

1,696
1,465

1,632
1,346

G.20

-3Change in Extensions and Repayments
(Seasonally adjusted, in millions of dollars)
Type of credit

Change in extensions from: Change in repayments from:
Year ago
Month ago
Month ago
Year ago

Consumer instalment credit
Retail automotive (passenger
car)

161

386

-92

309

93

61

56

67

Mobile homes
'
Other retail consumer goods
Home improvement loans
Personal loans

12
—60
*
116

18
63
2
242

1
-139
*
-10

15
14
*
213

850

1,671

501

1,628

38
515

149
417

40
328

220
530

-277

236

-93

309

407

399

409

342

-28
195

63
407

—64
-119

27
200

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
* Less than +

0.5 million.

Number of Motor Vehicles Financed at Retail by Finance Companies
(In thousands)
Type of vehicle

March 31,
1978

Total financed at retail

Month
ago

Change from:
Year
ago

432

126

3

137
123
172

49
33
44

2
3
-2

i

New passenger
Used passenger
New and used commercial

Selected Liabilities of Finance Companies
(In millions of dollars)

Type of liability
Bank loans (excl. commercial
paper)
Comnercial paper
Directly placed
Dealer placed




March 31,
1978
5,841
29,944
26,418
3,526

Seasonally adj us ted increase or decrease
(-) during:
January
February
March
1978
1978
1978
344
1,274
930
344

—68
-224
-365
141

206
-847
-344
-503

G.20

—4—
Outstanding Assets and Liabilities of Domestic Finance Companies
(Millions of dollars)

iarch 31
1978
Assets
102,106
Gross accounts receivable
Consumer credit
44,486
Business credit
57,620
Less: Reserves for unearned income and losses
12,814
Net accounts receivable
89,292

Seasonally adiusted increase or decrease (-) during:
1978
1977
IV
Q
IQ
IIIQ
H
Q
10
3,767
1,561
2,206

3,859
1,035
2,824

4,055
1,224
2,831

4,454
1,527
2,927

3,580
1,532
2,048

352
3,415

368
3,491

548
3,507

1,000
3,454

273
3,307

2,182
155
40
1,030
15,009

156
15
-19
-47
51

-175
-7
133
157
695

12
-150
-145
618
681

103
13
23
-879
280

-95
-24
-23
172
300

107,708

3,378

4,457

2,814

4,479

3,308

Bank loans (excl. Com' 1
paper)
Commercial paper
Directly placed
Dealer placed
Short-term debt, nec.

5,841
29,944
26,418
3,526
5,330

438
1,482
1,294
188
-960

-824
2,660
2,491
169
1,092

-1
-1,491
-1,606
115
13

41
3,476
2,876
600
677

482
203
221
-18
-937

Long-term debt, nec.
All other liabilities

38,006
12,886

1,848
829

778
5

164
3,554

913
-1,016

2,100
838

Capital, surplus, and
undivided profits

15,701

571

317

125

707

810

107,708 3,378

4,457

2,814

4,479

3,308

Cash and non-interestbearing deposits
Time deposits (incl. cd.'s)
U.S. Government securities
Other marketable securities
All other assets
Total assets
Liabilities

Total liabilities and
capital