Full text of G.20 Sales Finance Companies : August 4, 1961

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FEDERAL
statistical

0.20/
#

R

S

E

R

V

E

release

August 4, 1961

V

L I B R A R Y

E

BALES FINANCE COMI^ANIES

•&j

JUNE 1961

Sales finance company holdings of retail passenger car paper
rose slightly in June to $7,214 million. These holdings had increased
$156 million in June i960. Total consumer instalment credit at sales
finance companies increased $72 million in June reflecting mainly increases in other consumer goods paper and in personal loans.
Credit extended for retail automotive purchases increased
$60 million from the previous month. The number of new and used passenger car contracts acquired at retail increased 16 thousand and 8
thousand, respectively.
Business credit outstanding declined S4 million in June,
compared with an increase of $40 million in June 1960.
Outstanding Credit Held by Sales Finance Companies
(In millions of dollars)
Type of credit
Consumer instalment credit
Retail automotive (passenger cars)
Other consumer goods paper
Repair and modernization loans
Personal loans
Business credit \J
Retail automotive (commercial vehicles)
Wholesale automotive
Wholesale other than automotive
Other business credit

June 30,
1961

Increase or decrease during;
Year ended
June
June
June 30, 1961
I960
1961

10,768

+72

+201

-177

7,214
2,447
69
1,033

+10
+42
+ 2
+18

+136
+ 43
+ 4
+ 18

-553
+272
+ 20
+ 84

3,659

- 4

+ 40

-381

544
1,621
142
1,352

+ 2
-32
+ 3
+23

+ 10
+ 6
- 8
+ 32

- 84
-46j
- 13
+179

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




G.20

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2

-

Credit Extended by Sales Finance Companies
(in .millions of dollars)

Type of credit
Consumer instalment credit
Retail automotive (passenger cars)
New
.
Used
.
Other consumer goods paper
Repair and modernization loans
Personal loans
Business credit l/
Retail automotive (commercial vehicles)
. New "
•
. Used
Wholesale automotive paper
• New (passenger and commercial)
, Used (passenger and commercial)
Wholesale other than automotive
Other business credit l/

June
1961

Change from:
Year
Month
ago
ago

9#
586
555
231

+81
+60
+45
+15

-101
-135
- 89
- 46

227
6
130

+10
+ 2
+ 9

+ 24
0
+ 10

1,298
51
38
"13

-19'
+ 2
+ 1
•1

-181
- 10
- 10
0

1,038
9^3
75

+ 2
+ ^
- 4

-164
-159
- 5

42
167

+ 2
-25

-

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




4
3

G.20

- 3 -

Number of Motor Vehicles Financed by Sales Finance Companies
(in thousands)

Type of vehicle

June
1961

Total financed at retail
New passenger
Used passenger
New commercial
Used commercial

372
135
212
13
11

Total financed at wholesale
New (passenger and commercial)
Used (passenger and commercial)

468
395
73

Change from:
Tear
Month
ago
ago
+24

+ 8
0
0

-79
^t
-39
- 4
- 2

- 2
+ 1
- 3

-74
-70
- 4

TIB

Credit sales of New Passenger Cars as a Per Cent
of Total Number Sold at Retail l/
Credit Sales
1961 - June
May
i960 - June

Per cent
59
55
61

l/ 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 25, p. C.