Full text of G.20 Sales Finance Companies : March 9, 1966
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F E D statistical E R A L R E S E R V E release -G.20 March 9 , 1 9 6 6 . SALEsj FINANCE COHPANI JANUARY 1966 Consumer i n s t a l m e n t c r e d i t - a t s a l e s - f i n a n c e c o m p a n i e s - - d e c l i n e d $32 m i l l i o n i n J a n u a r y . - T h i s d i p was l e s s t h a n t h e u s u a l s e a s o n a l d e c r e a s e , t h o u g h a l l t y p e s of c r e d i t w i t h t h e e x c e p t i o n of n o n - a u t o m o t i v e c o n s u m e r g o o d s c o n t r i b u t e d t o i t . C r e d i t f o r c o n s u m e r goods- o t h e r t h a n a u t o s r e g i s t e r e d a g r e a t e r t h a n s e a s o n a l i n c r e a s e of $31 m i l l i o n . J a n u a r y e x t e n s i o n s of c o n s u m e r c r e d i t amounted .to $ 1 , 1 0 1 m i l l i o n , o r $324 m i l l i o n b e l o w December e x t e n s i o n s . The s 1 owdowii i n v o l u m e i n v o l v e d a l l t y p e s of c r e d i t . B u s i n e s s c r e d i t o u t s t a n d i n g r o s e f o r t h e f o u r t h c o n s e c u t i v e month. T h i s r i s e was d u e e n t i r e l y t o an i n c r e a s e i n w h o l e s a l e a u t o m o t i v e p a p e r . O u t s t a n d i n g C r e d i t H e l d by S a l e s F i n a n c e Companies ( I n m i l l i o n s of d o l l a r s ) Type o f c r e d i t Consumer i n s t a l m e n t c r e d i t Retail automotive(passenger cars) O t h e r consumer goods Home r e p a i r and m o d e r n i z a t i o n . Personal loans B u s i n e s s c r e d i t .1/ R e t a i l automotive. (commercial v e h i c l e s ) Wholesale automotive Wholesale other than automotive Other business c r e d i t 1/ I n c r e a s e or d e c r e a s e d u r i n g : J a n u a r y 31, J a n u a r y j J a n u a r y , Year ended 1 1966 1966 1965 ' J a n . 3 1 . 1966 16,106 -32 9,187 4,460 119 2,340 -54 31 - 4 " - 5 927 2,513 529 2,920 - 17 54 2 0 - 1,309 S , v 503' 517 21 • 310 160 6,889- E x c l u d e s some c r e d i t e x t e n d e d t o b u s i n e s s , subsidiaries. ' 35 . r. 4 : ; 189 -15 -10 7 81 132 - 18 - 33 733 97 139 : , such as t h a t e x t e n d e d by f a c t o r i n g 1 G. 20 C r e d i t Extended by S a l e s F i n a n c e Companie ( I n m i l l i o n ' s of d o l l a r s ) Type of c r e d i t i January 1966 Consumer i n s t a l m e n t c r e d i t 1,101 O t h e r consumer goods Home r e p a i r and m o d e r n i z a t i o n Personal loans Retail aut'omotiv^^Dmmercial vehicles) — 7 - 2 - 5. I ^,396 1 58 19 -198 7 1 284 6 - 1,743 . 61 3': 23 -115 - 3' . ' -103 j - ji Wholesale automotive paper Wholesale other than automotive O t h e r b u s i n e s s c r e d i t If " -103 339 | 3 207 New Used New ( p a s s e n g e r and c o m m e r c i a l ) Used ( p a s s e n g e r and commercial) 74 350 | - 79 202 . - 24 Neu Used -324 552 R e t a i l automotive (passenger cars) B u s i n e s s c r e d i t 1/ Chan]%e f r o m : Year Month • ago • aecr - 65 - 33 . 6 4 • 153 - 77 17 123 453 UQ - - 94 1,689 54 - 160; - 7 • 26 95 i • 1 _1/Excludes some c r e d i t e x t e n d e d t o buaines^,, such as t h a t e x t e n d e d by f a c t o r i n g subsidiaries. G.20 Number of Motor V e h i c l e s F i n a n c e d by S a l e s F i n a n c e Companies (In thousands) , Type of v e h i c l e Total financed at r e t a i l New p a s s e n g e r Used p a s s e n g e r New commercial Used commercial Total financed at wholesale New ( p a s s e n g e r and commercial) Used ( p a s s e n g e r and c o m m e r c i a l ) Change f r o m : Year Month ago. January 1966 280 -43 120 140 13 7 -28 -17 - 2 - 1 654 -32 -56 612 ..'42 -20 -12 58 - 2 * - 3 - 7 - 2 3 C r e d i t S a l e s of New P a s s e n g e r Cars as a Per Cent of T o t a l Number Sold a t R e t a i l 1/ Credit Sales 1966 - J a n u a r y P e r Cent • 55 1965 - December 63 1965 - J a n u a r y : : 52 c o m p a n i e s , o t h e r f i n a n c i a l i n s t i t u t i o n s , and a u t o m o b i l e d e a l e r s . Data f o r p r i o r months may be o b t a i n e d by w r i t i n g t o t h e D i v i s i o n of R e s e a r c h and S t a t i s t i c s , Board of Governors of t h e F e d e r a l R e s e r v e System, Washington, D. C. 20551. .
