Full text of G.20 Sales Finance Companies : April 3, 1969

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FEDERAL
statistical

G.20

RESERVE

release

/

1969
SALES FINANCE COMPANIES

L

I

FEBRUARY, 19<S 9

Consumer instalment credit outstanding at sales finance companies rose
$44 million during the month of February; to a-large extent as-a-result--of lower repayments rather than increases in extensions.
In fact, sales finance companies
acquired $35 million less paper in February than they did in January. Only their
acquisition of personal loan paper increased over tiie-ramotm*-acquired a month ago.
Repayments were $123 million less^ than last month, with all major categories
registering declines.
r .
Extensions this February were $75 million greater than in February 1968,
with only repair and modernization paper not contributing to this growth. Repayments showed an $18 million increase over a year ago.
Business credit outstanding rose $509 million in February, also mainly
as a result of decreased repayments rather than increased extensions. Extensions
declined $191 million below January with both wholesale automotive and other
business credit largely contributing to the decline. Repayments declined
$543 million below January, reflecting dips in all categories but mainly in other
business credit.
.
'
V .
•
Outstanding Credit Held by Sales Finance. Companies
(In millions of dollars)

Type of credit

Increase or: decrease during:
Year ended
Feb
Feb.
February 28, 1969
1968
1969

18,219

_44

-32

1,506

Retail automotive (passenger
cars)

9,962

11

2

800

Other consumer goods
Home repair and modernization
Personal loans

4,867
71
3,319

19
1/
23

- 27
- 5
17

384
- 33
355

509

183

1*994

12
276
32
/ 189 '

6
78
34
65

210
1,049
100
635

Consumer instalment credit
'

February 28,
1969

Business credit 1/
Retail automotive (commercial
vehicles)
Wholesale automotive
Wholesale other than automotive
Other business credit

subsidiaries.


2/Less than 0.5 million dollars


11,145 '

1,323
4,132
612
5,078

,

G.20
Credit Extended by Sales Finance Companies.
. (In millions of dollars)

February
1969 .

Type.of credit

Consumer instalment credit
Retail.automotive

1.192

75

(passenger cars)

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

>
,

Retail automotive (commercial vehicles)
New
Used

Wholesale automotive paper
New (passenger and commercial)
Used (passenger and commercial)
Wholesale other than automotive
Other business credit

.
416
201

- 26
8

277
1 •
297

- 15
2/
14

3,055
.113
50;
23

-191
. -

7




-

-

26
3
28
1
25
764

11

6
1

13
2

2,032

-102

626

1,986
46

- 99
3

622
4

162
748

18
-100

25
102

_1/Excludes some credit extended to business, such as that extended by
factoring subsidiaries.
_2/Less than 0.5 million dollars.

i

23
v

" New \
Used

•

Change from:
1
Monch
Year
ago
ago '

•

G. 20
Number of Motor Vehicles Financed by Sales Finance Companies
(In thousands)

Type of vehicle

Total financed at retail
New,passenger
Used passenger
New commercial
Used commercial
Total financed at wholesale
New (passenger and commercial) Used (passenger and commercial)
J./Less than 0.5 thousand.




February
1969

Change from:
Month
Year
• ago
ago

280

- 14

124
121
23
12

-

653

- 30

623
30

-29
1

-

7
1/

8
3
2
1

-

7
2
2
94

'
-

98
4