Full text of G.20 Sales Finance Companies : February 5, 1962
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FEDERAL OP*0% RESERVE statistic G.20 February 5 , 1962 9\ ] L I " B R A R 1 S A L E 3 FXNMCE COMPANIES RESERVE^/ DECEMBER 1961 Sales finance companies on December 31 held $11,052 million in consumer instalment credit, $174 million more than at the end of November 1961. Retail paper on consumer goods other than automobiles expanded $160 million and accounted for most of the increase in the total. Personal loans rose $34 million, and retail paper on passenger automobiles decreased $21 million in December. * • Extensions panded $171 million, million. Extensions million, $43 million financed 13 thousand of credit on other consumer goods paper exand extensions of personal loans rose $34 of automobile credit to consumers totaled $464 less than in November. Sales finance companies fewer new passenger automobiles than in November. Wholesale automotive credit December. The number of new vehicles thousand, and extensions of wholesale vehicles were $42 million higher than increased $271 million in financed at wholesale rose 16 automotive credit on new in November. 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 1/ Retail automotive (commercial vehicles) Wholesale automotive Wholesale other than automotive Other business credit Increase orHecreane during: Deo. 31, Dec. Dec. Year ended 1961 1961 I960 Dec. 31, 1961 11.052 6,590 + +160 3.647 +291 532 1,500 143 1,472 59 35 1 24 -694 +361 + 22 +135 - 12 - 57 -332 + 13 +191 f ..21. 3,100 161 1,201 + 1 + 34 - 5 + 3 +271 + 22 1 +151 - 6 - 6 l/ Excludes some credit extended to t)usineos, such as that extended by factoring subsidiaries. a.20 - 2 - Credit Extended by Sales Finance Companies. (In millions of dollars) ; ' . Type of credit . . ' Change from: : Month. Tear . ' . Dec. ago ago; ; ''1951 ' Consumer instalment, credit... ... Ratail automotive (passenger cars) . •'..'NeW . ... ... -% . ». .. ; , ...... ;• •Other consumer goods paper Repair and modernisation l.oans . , Personal loans ........... . Business cre<ii^ Retail automotive (commercial vehicles) Used , • : ; , , :• : ... ' : Vno'Jeaal.e. automotive''paper " * . Ifew' (passenger and commercial) r -Used (passenger and commercial) : .. Wholesale other than automotive Other business credit l/" • , H-162 1,08.6. h m.7 ., >' 285 , • ; • 179 ; : .- 434 10 / 176 . " • 1,'252" 1,172 . 80 49 191 9: +171 ' +179 + 1 -t18 -1> 556. 44 . :.. •.53 ... n -200 .• + 2- 3 1 4- 36 ' : .+ 5 - 23 "'+173 0 0 0 +129 +123 + 6 t. 8 + 36 ~ l/ Excludes :some credit extended to business,, .such as that ex- , tended by. .factoring.-.subsidiariest rj • ^/ : Gr. 2 0 - 3 ~ Number of Motor Vehicles Financed by Sales Finance Companies (in thousands) Type of credit December 1961 Change from: Year Month ago ago Total financed at retail New passenger Used passenger New commercial Used commercial 290 105 161 12 9 -24 -13 - 7 - 2 - 2 - 4 - 5 0 0 + 1 Total financed at wholesale New (passenger and commercial) Used (passenger and commercial) 530 455 7k +13 +15 - 3 +39 +38 + 1 Credit sales of New Passenger Cars as a Per Cent of Total Number Sold at Retail l/ Credit Sales 1961 - December November i960 - December Per cent 53 52 54 1/ 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 Eesearch and Statistics, Board of Governors of the Federal Reserve System, Washington 25, D. C.