View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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.