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FEDERAL

RESERVE
reIease

s t a t i s t i c a l
'•f^LRtS^
OUU

G.20

SALES FINANCE COMPANIES .

s

December 3, 1969

OCTOBER 1969
Total consumer instalment credit outstanding iit sales finance companies
expanded $209 million in October, the ninth consecutive monthly increase this year.
All major types of credit contributed to this greater thpin seasonal increase except
repair and modernization loans.
Total consumer instalment credit extensions a t sales finance companies
increased $207 million in October, with advances in reta il automotive and other *
consumer goods paper more than offsetting a decline in p irsonal loans.
Business credit at sales finance companies ro e $335' million in October
with wholesale automotive paper accounting for the bulk of the increase.
Outstanding Credit Held by Sales Fina nee Companies
(In millions of dollars)

Type of credit

Consumer instalment credit
Retail automotive (passenger
cars)
' Other consumer goods
Home repair and mo d er n i z at i on
Personal loans
Business credit 1/
Retail automotive (commercial
vehicles)
Wholesale automotive
Wholesale other than automotive
Other business credit
1/

Oct. 31,
1969

Increlase or decrease ( - ) during:
Oct.
Oct.
Year ended
1969
1968
October 31, 1969

19,569

209

143

10,693

136

65

870

36
- 2
39

42
5
3L

490
- 7
393

5,227 67
3,582

.

lzZ46

11,448

335

578

1,571

1,436
3,714
649
5,649

23
238
2
72

36
498
11
33

132
702
100
637

Excludes some credit extended to business, such as th at extended by factoring
subsidiaries




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
Home repa-ir 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

October.
1969

Change from:
Year
Month
ago
ago.

1,603

207

166

864

210

-86

636
228

170
40

76
10

376
1
362

10
- 1
-12

3,910

•468

34

144

21

5

119
25

17
4

7
- 2

2,655

354

lH

2,596
59

337
17

-22
5

186
925

20
73

13
33

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




'

39
- 5
46

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

Total financed at retail

•

New passenger
Used passenger
New commercial
Used commercial

Total financed at wholesale'
New (passenger and commercial)
Used (passenger and commercial)
_1/Less than 0 .5 thousand.




Change from:
Month
Year
ago
ago

October
1969

Type of vehicle

'
-

_65

355

45 .
16
3 "
1

184
.132 :
27
12

•
" '
.

797
762
35

_9

:

13 '
- 2
- 2
1/
-58

111
" 103
8

1

:

-59
1