Full text of G.20 Sales Finance Companies : January 7, 1954

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.2QX

January 7, 195U

j)T
\. ... .
I

*

i

SALES FINANCE COMPANIES
NOVEMBER 1953

Sales finance company holdings of instalment paper on
passenger automobiles increased 1.9 million dollars during Novmber
to an estimated 5,321 million at the month end. ^Compared with a
estimated at 6,lU7 million dollars, 5U million above a month ago
and 1.U77 above a year ago.

i

New extensions of credit on passenger cars in November,
amounting to 517 million for the month, were 70 million dollars
r i n d i r i i T S J S T t h . r t r » / K L d
ne. oars
and 2U2 thousand used cars were financed by sales finance companies*
Wholesale automotive paper outstanding decreased 28
million dollars during November to an estimated 855 million at
the month end. Decreases also occurred in the other types of
business credit outstanding.

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

Nov. 30,
1953

Nov.
1953

Nov.
1952

+5U
+U9
- h
+ 3
+ 6

+1U7
+136
+ 5
+ 1
+ 5

dE
-21
-28
- 2
•*. 1

+ 55
- 2
+ U9
0
+ 8

Tear ended
Nov. 30» 1953

+1.U77
+1,381

l/' Excludes some credit extended to business, such as credit arising from factoring
operations.



G.20
Credit Extended by Sales Finance Companies
(in millions of dollars)
—

•

1953

Consumer instalment, credit
;

Retail automotive (passenger cars)
New :
Used.
'
...
Other consumer goods paper
Repair and modernization loans
Personal loans
/
Business credit 1/

603

-73

-12

517
292
225

-70

- 7

' 29
f

V

. .

:

Chang'5 from:
Month
Year
ago
ago

Nov*

Type of credit

Retail automotive paper (c.onimercial vehicles)
New
Used
Wholesale automotive paper
New (passenger and commercial)- •
Used (passenger and commercial)

-

h

8 01

'tzs

a

ii
90

-k

:•

- i .

+ 2

. 565
621

Wholesale other than automotive
Other business credit 3.J

-h3

-27 •; - 3

5o

""•-35
23
12

..

'

- 7
+ 1
+ 1
+ 2

- 2
-lit.
0' • - 9
- 2
- 5
-68
-61
- 7

+16
+30
-iL

- 1

- 3
+ 3

-

h

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

Type.of vehicle '
Total financed at retail
New passenger
Used passenger
New Commercial
Used-commercial

'
'

'

. :•

138
162

j

2h2

!

17
17

Total financed at wholesale
?,
New (passenger and commercial) •'
'Used (passenger and commercial)"

- : ...

1953

.

...

1

Change from:
' Month
Year
ago
ago

-581
-25
-28
-- 1
-1

, 331
da
290 1
—3U
. ui; ' - 7

+15
- 5
+27
- h
- 3
' +_2 :
••+12:
-10'

1/ .Excludes some credit extended to business, such as credit arising' frbm
factoring operations.
' .-v...:...