Full text of G.20 Sales Finance Companies : March 9, 1966

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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
R e t a i l automotive (passenger cars)
Neu
Used
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/
Retail aut'omotiv^^Dmmercial vehicles)

Wholesale other than automotive
O t h e r b u s i n e s s c r e d i t If "

-324

74

552

-103

— 7

350 | - 79
202
. - 24

- 2
- 5.

I1 ^ , 3 9 6
ji
58
19

Wholesale automotive paper
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)

1,101

339 |
3
207

New
Used

.

Chan]%e f r o m :
Year
Month
• ago
• aecr

61
3':
23

-115
- 3' . '
-103
j
-198
-

6

-

7
1

1,743

- - 94

1,689
54

- 77
17

123
453

- 65
- 33

284
-

UQ

.

6
4

•

153
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.




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