Full text of G.20 Sales Finance Companies : May 3, 1963
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FEDERAL statistical G.20 RESERVE release ^(XXto p e ^ t l i U May 3, 1963 r . . --iRA.V. * f , . < pALSS FIN-INCE COMPANIES wmmMmms. MARCH 1963 Consumer instalment credit at sales finance companies for almost two-thirds of the rise. Total extensions, at $983 million,, were ' 139 and modernization, were slightly higher than m higher March, 1962. Business credit increased #120 million in March. More S595 million, or 12 fo, over March, 1962. 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 March 1963 12,4-83 Increase or decrease during March March Year ended 1962 March 31« 1963 1963 +1,200 78 67 + 27 -109 + 1 + 3 7,514 3,330 164 1,475 + 37 5,623 +120 ±3it 664 1,858 393 2,708 + + + + + + + + + + + + -110 + 1 7 11 70 25 14 14 40 21 19 595 + + 124 197 + 214 1/ Excludes some credit extended to business, such as that extended by factoring subsidiaries. r 742 196 1 261 + 60 G.20 - 2 - Credit Extended, by Sales Finance Companies (in millions of dollars) Type of credit Retail -automotive (passenger car) New • Used Other consumer goods paper Repair and modernization loans Personal loans Business credit l/ Retail automotive (commercial vehicles). New Used ' ITholes-ale automobile paper - , New (passenger and commercial) Used (passenger and commercial) Wholesale other than automotive Other business credit 1/ extended by factoring subsidiaries. Change from: Year Month ago ago hO 00 o> Consumer instalment credit March 1963 +139 + 46 601 + 78 + 19 365 236 + 54 + 24 + 16 + 3 209 7 166 + 50 '+ 1 + 10 + 2 - 2 + 27 1,792 + 94 +148 . • G? " + 5 + 6 + + 4" 1 + - 7 1 49 16 1,280 1,214 66 + 61 + 55 + 6 +119 +138 - 19 119 328 + 14 + 14 + 6 + 17 - 3 - G. 20 Number of Motor Vehicles Financed by Sales Finance Companies (la thousands) March Type of vehicle Total financed at retail New passenger Used passenger New commercial Used commercial 1963 ; i 9 -11 21 12 j --0 2 1 i - l 3 -12 - 1 - 1 I i 517 Total financed at wholesale New (passenger and commercial) Used (passenger and commercial) --2 ;4 354 135 196 14 Change from: Month | Year ! ago ago i | ! i : 24 13 462 21 3 : 37 .» 55 Credit Sales of New Passenger Cars as a Per Cent of Total Number Sold at Retail It Credit sales 1963 - March February 1962 - March Per Cent r ^ r - revised. 1/ Based on new ear instalment contracts acquired by Dames, sales finance companies, other financial institutions, and automobile dealers. Data for prior months may be obtained by writing to the Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington 25, D. C.
