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FEDERAL
statistical

RESERVE

release

f*Al RtSt.
April 5, 1965
SALES\FINANCE COMPANIES

i °

4

-

FEBRUARY 1965
Consumer instalment credit at sales finance companies decreased $15
million, or .1 per cent during February.
This was much less than the usual
seasonal decline.
.
Nonautomo'tive consumer goods paper outstanding showed a relatively
minor contraction fot the time of year, while personal loans and auto debt
rose more sharply than usual.
Extensions of consumer credit increased $33 million over January
and were $80 million larger than in February 1964, reflecting increased
purchases of both personal loan and auto paper.
Business credit outstanding at sales finance companies rose
$254 million during the month,' mainly as a result of the continued expansion,
in the wholesale automotive category.

Outstanding Credit Held by Sales Finance Companie
(In millions of dollars)
Feb.

Type of credit

Consumer instalment credit
Retail automotive (passenger cars)
Other consumer goods
Home repair and modernization
Personal loans
Business credit JL/
Retail automotive (commercial vehicles)
Wholesale automotive
Wholesale other than automotive
Other business credit

28,

1965

i

14 .782

Increase or decrease during:
Year.ended
Feb.
Feb.
Feb. 2 8 , 1 9 6 5
1964
1965
z J l

8 ,693

^ 5 2

9

994

-

56

-

66

139

-

1

-

2

2., 0 6 3

33

6,, 0 9 3

254
-

1.

252
-

245

15
291

9

.

845

466

7

3., 8 8 7

1
:

Z_£9
82

3

2 j, 0 0 2

222

181

460

28

28

2, 786

5

33

-

-

140
15

, -

1/ Excludes some credit extended to business, such as that extended by factoring subsidiaries.




26

*

' .

I.

G.20 '

r2Cred.it Extended, by Sales Finance Companies
(In millions of dollars)

'

'

- i

.Consumer .instalment credit

1,060 ' ' •_31_

Retail automotive (passenger cars).

,_jei

New
Used

Other consumer goods
Home' repair and modernization
• - Personal loans

r

-

11
11

267
6

' ^ 11
•
0
22

-^11-

'/holesale automotive paper

1,626
"

'

"

1 , 5 6 )

63
136
320

'

80

'

24
2?

-

3
29
0

.

27

Jt3_

"

•

56 ;
17- -

New . . .
Used.
.

22

363
218

2,155

Retail automotive (commercial vehicles'

Wholesale other than automotive
O.ther business credit 1/

.:

206

Business credit if

New (passenger and commercial)
Used (passenger and commercial)

Change from:
Month
Year
ago
ago

February
1965

.'Type of credit

-

. 6
4
2 '

. .
-

36

' ' 34
'
2
39
- 38

5_
6
1

236
237

.-

1.
3

-

46

1 /
-1
-1 • 1.
J. . . T T J
1
1/.Excludes.some
credit
extended
to business,
such as that extended
by factoring subsidiaries.
•




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)

Change from:
Month
• Year
ago
ago

February
196$ ..
308

;

5
11
0
3

J 1 L .

-11

__19_

- 128
- 158
15
7
•

.

1 3

10
3

564
47

.

7
-15
0
- 3

;
-

55
61
- 6

Credit Sales of New Passenger Cars as a per Cent
of Total Number Sold at Retail l/
Credit Sales •

Per Cent

1965 - February
1965 - January
1964 - February

'
:

- 56^
52
56

\J Based on new car instalment contracts acquired by banks, sales
finance companies, .other financial institutions, and;automobile dealers.
Data for prior months may be obtained by writing to the Division of
Research and Statistics, Board of Governors of the. Federal Reserve
System, Washington, D. C. 20551.