Full text of G.20 Sales Finance Companies : January 8, 1969

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FEDERAL
statistical

RESERVE

release
'

:

Muary'^"l369

...
f/'JAJJ

ELES finance companies

• ^

NOVEMBER 1>6 3*
Consumer ^irT5tAjjgent. cpredit outstanding at sales finance companies in-^
creased $137 million in NovemBtef. Three jnajor. types' of—credit contributed--to this
more than seasonal increase while repair and modernization loans outstanding showed
no change from the previous month. This spurt compares to a $27 million increase
in November of last year at which time both.passenger car credit and repair and
ipodernization loans outstanding registered declines and the two remaining, major
credit categories presented smaller increases than they did this year..
'/
Total consumer instalment credit extensions amounted to $1,368 million
in November, a decline of $69 million from the amount of paper acquired in October.
Only personal loan extensions, showing stronger than seasonal growth, were larger
in November than in October. The decline from last month in passenger car extensions , however, was less than seasonal while the one in other consumer goods
paper was a seasonal, decline.
:
Sales finance companies acquired $143 million more paper this November
than they did in November a year ago. Extensions %of all major types of credit
except repair and modernization loans were greater this November compared to the
same month last year.
Outstanding Credit Held by Sales Finance Companies
(In millions of dollars)
—

Type of credit

November 30,
1963

Consumer instalment credit

17 ,960

Increase or decree ise during:
Year ended
Nov.
No v . ;
Nov. 30, 1968
1967
1968

9,,890

75

Other consumer goods
Home repair and modernization
Personal loans

4,,778
74
3,,210

41
2/
21

9,,909

32

Business credit V
Retail automotive (commercial
vehicles)
Wholesale automotive
Wholesale other than automotive
Other business credit

.

1 :,303 '
3 ,334
:
559
4,,713

27

1,235

- 20

638

m

Retail automotive (passenger
cars)

- 1
322
10
-299

•

-

33
3
17
127

,

8
129,.
5: •
1

-

.324
47
320
1,330

180
1,139
104
\ 407

^Revised data not comparable with those previously published. For back figures on
consumer credit see Federal Reserve Bulletin for December 1968, pp. 9,89-990, 992,
and 997-999. For back figures on business credit and number of cars financed write
to' the Consumer Credit and Finances Section of the Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, D.C., 20551.
1/Excludes some credit extended to business, such as that extended by factoring

subsidiaries.
http://fraser.stlouisfed.org/
2/Less than 0.5 million dollars.

Federal Reserve Bank of St. Louis

. G .20

Credit Extended by Sales Finaijce Companies*
(In millions of dollars)

Type of credit
Consumer instalment credit

* Retail automotive (commercial vehicles)
. New
Used

-

Wholesale automotive paper
New (passenger and commercial)
Used (passenger and commercial)
Wholesale other than automotive
Other business credit

148

496
206

- 64
-12

87
7

311
1
354

- 26
- 5
38

94

702

New
Used

Business credit 17

- 69

1,368

Retail automotive (passenger cars)

Other consumer goods
Home repair and modernization
Personal loans

Change from:
Year
Month
. ago
ago .

November
1968

:

3,332

-544

110

2,331

154
737

- 24
- 5




782

18
1

.•

-341

578

.

-339
- 2

577
1

- 19
-155

33
152

j./Excludes some credit extended to business, such as that extended by
factoring subsidiaries.
^Revised data.

18
3
39

--29 .

88 22

2,279
52

-

G.20

-3Number of Motor Vehicles Financed by Sales Finance Companies*
:
(In thousands)

Type of vehicle
Total financed at retail
New passenger
Used passenger
New commercial
Used commercial
Total financed at wholesale
New (passenger and commercial)
Used (passenger and commercial)
*R2vised data.




November
1968

Change from:
Year
Month
- ago
ago
_30

308

- 38

150
123
24
11

- 21
- 11
- 5
- 1

21

749

-106

151

717
32.

-104 .
- 2

5
3

-

152
1