Full text of G.20 Sales Finance Companies : June 3, 1969

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FEDERAL
statistical

RESERVE

release

SALES FINANCE COMPANIES
A P R I L 1969
Consumer instalment credit Outstanding at sales finance companies rose
$165 million in A p r i l to a total of $18,418 million. Although retail passenger
car paper accounted for the bulk of this greater than seasonal increase, other
major types of credit also advanced.
Sales finance companies acquired $104 million more paper this month than
they did in March and $108 million more than in A p r i l 1968. All major credit
categories registered increased acquisitions over a month ago and over A p r i l a
year ago. On the other hand, repayments declined from March in all credit categories except personal loans. They were up, however, from a year ago, except for
repair and modernization loans.
•
. ,
Business credit outstanding dapped $70 million in A p r i l with both retail
commercial vehicle paper and other .business credit outstanding below their March
levels.
Outstanding Credit Held by Sales Finance Companies
(In millions of dollars)

A p r i l 30, ,
1969

. Type of credit

Consumer instalment credit
Retail automotive (passenger
cars)

•

Increase or decrease during:
Year ended
April
April
1968 A p r i l 30, 1969
1969
1,550

18,418

. 165

109

10,095

107

. . 84

803

.13
6
18

404
- 23
366

1

Other consumer goods
Home repair and modernization
Personal loans
Business credit 1/
Retail Automotive (commercial
vehicles)
Wholesale automotive
Wholesale other than automotive
Other business credit

4,896
70
3,357

28
2/
30 -

-

11,436

-_70

135

1,844

1,393
4,290
675
5,078

38
- 59
24
- 73

31
39
9
56

228
.974
129
: : 513

1/ Excludes some credit extended to business, such as that extended;by factoring
subsidiaries.
2/ Less than 0.5 million dollarj.




/

•

-

'

. G:20

,

.

•,

..

- '

.

•

.

-2Credit 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 repair and modernization
Personal loans
"Business credit 1/

1,463

• • •

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

Change from:
Year
Month
ago
108

104

56-

783
543
240

5516

332
1
347

6
2/
27

3,283

Retail, automotive (commercial vehicles)
New
• Used

April
1969

45
11
**
"

306

-102
•




-23

149 •

8

122
27

7
1

2,156

- 70

153

2,028
128

. -146
76

78
75

188
790

3
- 43

36
94

1/ Excludes some credit extended to business; such at chat extended by
factoring subsidiaries .
2/ Less than 0.5 million dollars.

23
2/
29

. 26
3

G.20
Number of Motor Vehicles Financed by Sales Finance Companies
(In thousands)

Type of vehicle

April
1969

Total financed at retail

350

New passenger
Used passenger
New commercial
Used commercial
Total financed at wholesale
New (passenger and commercial)
Used (passenger and commercial)




•

'

Change from:
Year
Month
,ago
ago
26

_1

163
. 144
32
11

17
8
3
- 2

2
- 3
7
- 5

675

-11

_3

604.
71

-54
37

-32
35

..