Full text of G.20 Sales Finance Companies : August 4, 1966

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FEDERAL

..'ofcovf

Zmm*
mmm

statistical

release

o

G. 20

August

SALES/FINANCE
JUNE

Consumer
rose
all

$191

million

types

of

instalment

in

credit

June

to

except

credit

$16,454

home

RESERVE

COMPANIES •

outstanding
and

&

1966.

1966

million.

repair

4,

As

at
in

sales
the

finance

two

modernization

companies

previous

contributed

months,
to

this

increase.
Extensions
above
$386

the

May

million

level.
but

Business
ous

month.

sale

paper

consumer
the

paper

acquired

quarter

million

lower

outstanding

dipped
offset

instalment

second

$54

credit

Extensions

automotive

business

of
For

they were

$1
by

during

the

in

the

in

other

quarter

June were

the

$50

with

decline

in

a whole,, they

than

increased

million
a

credit
as

million

increase
business

dropped

$93

$129

showed

second

above

in

a

rise
of

the

retail

credit.

million

million

quarter

previ-

and

whole-

Total

below

of
1965.

the

•

first

quar ter.
Outstanding

Credit
(In

Type

Consumer
Retail
Other
Home

of

automotive

(passenger

1/

Increase

or

decrease

Year

ended

1966

1965

June

30,

191

214

2

340
515

46

• 59
-

111

-

-

1

22
249

28

33

credit-V

2^715

-50

116

automotive

1,015

29

15

121

3,092

34

135

583
106

Wholesale

automotive"
other

Excludes

some

:
'

986

vehicles)

Wholesale

business

1966

1,082

136

106

9,395
4,538

during:

June

2,410

(commercial

Other

cars)

modernization

Companies

loans

Personal

Retail

Finance

dollars)

16,454

consumer"goods

Business

Sales
of

1966

credit

and

by

June'30,.

credit

instalment

repair

Held

millions

than

automotive

credit
credit

613

-

1

-

9

2,995

-

12

-

25

e x t e n d e d 'to b u s i n e s s ,

subsidiaries.




such

as

that

extended

176
by

factoring

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

.

Type of credit

1966
1,383

Consumer instalment credit

741

Retail automotive (passenger cars)

129

-

J !

r-35

59 .
23

492
249

New '
Used

373
. 7
262

Other consumer goods
Home repair and modernization
Personal loans

Retail automotive (commercial vehicles)
New
Used
Wholesale automotive paper

j

26
1
20

-

9
26

• -

16
2
11

- 49

110

-11

—20

87
23

11
2

18
2

1,707

10

-120

12
2

-114
6

0
-24

12
39

1,648
59

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

•

10

1

2.449

Business credit V

Wholesale other than automotive
Other business credit JL/

Change from.
Year
Month
ago

159
473

-

-

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




.

-

G . 20
Number

of Motor

Vehicles

Financed by
(In

Type of vehicle

Total
New
Used
New
Used
Total
New
Used

financed
passenger

372

Jl

from:
Year
- ago
-41

171
176

20
15

17

1

- 3

1

-

commercial
financed

8

at w h o l e s a l e

(passenger

and

(passenger

commercial)

and

commercial)

Sales

of New

-

Passenger
Sold

- May

1965

- June

Based

10

Z55

11

-50

- i

- 5

:

Cars

as

at R e t a i l

a Per

Cent

1/

Per

Cent

77
r75

r.

68

on n e w

car

other

instalment

financial

for

prior months may

and

Statistics, Board

Washington, D.

2

664

June

1966

- 4
-32

617
47

Number

-

Sales

companies,

r

Month
ago

passenger

1966 -

V

1966

commercial

of Total

Credit

Companies

Change

June

•

at r e t a i l

Credit

.

Sales Finance

thousands)

C.

be

contracts

institutions,

obtained

by writing

of G o v e r n o r s o f

20551.

- Revised.




acquired
and

by banks,

sales

automobile dealers.

finance
Data

to t h e D i v i s i o n o f R e s e a r c h

the F e d e r a l R e s e r v e

System,