Full text of G.20 Finance Companies : November 2, 1972

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F

E

D

E

R

A

L

R

s t a t i s t i c a l

E

S

E

R

V

r e l e a s e

G.20

N o v e m b e r 2,
tiuv

FINANCE COMPANIES

E

- September

1972

1972*

instalmilent p a p e r r o s e $186
the t o t a l to o v e r $ 3 0 . 6 bi.4.1ion. A l l of the m a j o r ,
c a t e g o r i e s s h o w e d i n d i v i d u a l g r o w t h w i t h p e r s o n a l loans o u t s t a n d i n g r e g i s t e r i n g
the largest i n c r e a s e — $ 5 2 m i l l i o n .
F i n a n c e c o m p a n y h o l d i n g s of c o n s u m e r

m i l l i o n in S e p t e m b e r b r i n g i n g

Credit extended

to c o n s u m e r s

in S e p t e m b e r d^i:clined $ 4 6 2 m i l l i o n
result of d e c l i n e s

from the a m o u n t e x t e n d e d in the p r e v i o u s m o n t h .
T h i s wa:
in a l l of the m a j o r c a t e g o r i e s o f c o n s u m e r c r e d i t ;

Outstanding Consumer Credit

Held by F i n a n c e C o m p a n i e

(In m i l l i o n s of d o l l a r s )
\
T y p e of c r e d i t
Consumer instalment credit
Retail automotive (passenger
cars)
Mobile homes
Other retail consumer goods
H o m e r e p a i r and m o d e r n i z a t i o n
Personal

loans

I n c r e a s e cir d e c r e a s e
S e p t . 30,
1972

September
1972

September
1971

(-] d u r i n g :
Y e a r ended
sppf.

30,

. 30,650 -

186

128

2.581

9,835
2,820
3,367
383

13
47
49
25

353
303
431,
164

14,245

52

81
23
12
1
11

1972

.

1.330

C o n s u m e r Credit. E x t e n d e d and R e p a i d at Finar ce C o m p a n i e s
(In m i l l i o n s of d o l l a r s )

T y p e of credit
Consumer instalment credit
Retail automotive (passenger
cars)
Mobile homes
Other retail consumer goods
H o m e r e p a i r and m o d e r n i z a t i o n
Personal

loans

E x t e n d e d b y finance cos
Sept.
Aug.
Sept.
1971
' 1972
1972

Repaid
Sept.
1972

to finance cos
Sept.
Aug.
19.71
1972

2,971

3,433

2,736

2,785

3,034

648
140
843
39

811
153

635
93

703
105

897
45

676
108
678
12

.1,301

,1,527

1,262

794
14
1,249

"
.

849
12
1,365

2,608
•

595
85
666
11
1,251

For revised b a c k \
R e v i s e d d a t a not c o m p a r a b l e w i t h t h o s e p r e v i o u s l y publish ed.
f i g u r e s for c o n s u m e r c r e d i t s e e F e d e r a l R e s e r v e B u l l e t i n for O c t o b e r 1972, pp. A - 5 6 A - 5 9 and 8 8 2 - 9 8 .
R e v i s e d b a c k f i g u r e s for b u s i n e s s credi t w i l l be a t t a c h e d to n e x t
month's

release,




;

G.20

-2-

Outstanding Business Credit Held by Finance Companies
(In million's' of" dollars)

- -

.

Type of credit

i

Business credit
j
Retail" automotive (commercial j
vehicles) j
Wholesale automotive
j
1
Retail paper on business, in- j
dustrial and farm equipment
j
.-^Loans'on" commercial, accounts
j
• receivable
!
Factored commercial accounts
|
. , receivable
"
j
— •
All other business credit „
i

;

Sept. 30,
1972
;
24,133

Increase or decrease ( -) during:
September
September
j
Year ended
;
1972
1971
S e p t . 30. 1972

1

1 ^ 2 9

4,336

r

. -57 '

j

4,534

;

1,005

j

6,977

i

9 3 '

|

13

|

1,661

r

1,368

: -

-84

5,257

!

159

.

1

490

j

-75
648.

}
|

78

|

47

|

1.295

866
-648

.

749
219

ii

-179
-29

-355
464

Business Credit Extended and.Repaid at Finance Companies
(In millions of dollars).
Extended by finance cos.
Type of credit

Sept.
1972

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

7,827
I

309

Repaid

to finance cos .

Sept.
1971

Sept.
1972

Aug.

»?2

1972

Sept.
1971

5,607

7,022

6^998

6 j 921

6,532

367

258

366

353

A

3,124

1,032

3,097

2,119

2,565

814

788

593

721

626

333
2,449

j
515
i
972

1,271
1,337

927

. 1,377
1,116

'1,073

938
1,063

959

. 900

1,026

1,355
1,178

1,369
1,108

1,117
.1,092

Total business credit outstanding at finance companies increased $1,129
m i l l i o n bringing the total, holdings to over $24.1 billion.
The small declines in
both commercial vehicles and factored commercial accounts receivable were offset by
increases' in the remaining major categories.
. Total business credit extensions for September were over $7.8 billion.
Commercial vehicles and factored commercial accounts receivable were the only
categories .to register reduced extensions for the month.




-3-

G. 20

Change in Extensions and Repayments
(In millions of- dollars)
Change in extensions from
Year ago
Month ago

Type of credit
Consumer instalment credit
Retail automotive (passenger '
cars)
M o b i l e homes
Other retail consumer goods
Home repair and m o d e r n i z a t i o n
Personal loans

Change in repayments from:
Year ago
Month ago

-462

235

-249

177

-163

-28
32
165
27
39

—68
-12
-55
2
-116

128
3
-2

-13
-54
-6
-226

40

8

166

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

&

-58
2,092

13
-446

33
.-330

206

26

221

95

45

-101

59
-14 ,
70 .

333
274

-106
1 221

-67
238

J 86

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

September
1972

•Type of vehicle

Total

financed, at retail

New gjrssenger
Used passenger
New and used commercial

Change from:
Year
Month
ago
ago

292

-69

-21

120
110

-34
-24
-11

-9
-11
-1

62
Selected Liabilities of Finance Companies
(In millions of dollars)

4 a s e or decrease
) during:
Type of liability

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

—;




Sept. 30,
1972 .

4,116
17,221
_ % i z L

September
1972

August
1972

-335
-473
%560
87

-291
-1,214

September
1971

-144
—611