Full text of G.20 Sales Finance Companies : November 5, 1963

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F E D E R A L
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•rf^uS^r-November 5, 1963

G. 20
SALES FINANCE COMPANIES
SEPTEMBER

1963

Consumer instalment credit outstanding at sales finance companies
amounted to just over $13 billion at the end of September.
The total increased $167 million during the month, as $171 of nonautomotive consumer goods paper was acquired from other lenders. Personal
loans were up $50 million, a somewhat more than seasonal increase, but
holdings of retail passenger automotive paper tsere down by a like amount.
Sales finance companies acquired retail paper on fewer automobiles
in September than in August, and auto credit extensions were down $150
million.
Total extensions of consumer instalment, at just under $1 billion
for the month, were $139 million lower than in August because of the reduction
in auto lending.
Business credit continued to decline as last year's September
reduction of somewhat over $100 million in wholesale automotive paper was
repeated this year.
Outstanding Credit Held, by Sales Finance Companies
(In millions of dollars)
Sept. 30,
1963

Type of credit
Consumer instalment credit

13,073

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
j|

Increase or decrease during:
Year ended
Sept. Sept.
Sept.
30, 1963
1962
1963
+1 ,286
+167
- 9

8,099
3,157
161
1,656

- 54
+171
0
+ 50

- 31
- 12
+
1
+ 33

+ 803
+ 200
11
+' 294

5,158

» 88

-102

+

419

740
1,193
410
2,815

'+ 1
-107
- 1
419

4
-112
5
+
1

-!-

119
96
72
132

+
-i-

+

JL/ Excludes some credit extended to business, such as that extended by
factoring subsidiaries.




( " l i b r a r y J

Credit Extended by'Sales Finance Companies
(in millions of dollars)

•September
. Type,of credit

.

rChange

. 1965 •

from

; MOnth'
' ago

Year
ago

.•-139

+. 92

•

Consumer instalment credit

r .=

•

955 .
508

Retail automotive (passenger cars)
.• New
Used

, ,.

'

'

505
205

... . .. -

'

;

:
:

.

- 7
- 1
• +19

- 12
- 1
+ 64

2

+214

62

-

9

+

8'

• 49-. '
15

-

7
2

+
+

7
1

650

+

i

579. .

+ • 8 • +140
- 7 : - 15

-Wholesale automotive paper
New', (passenger and commercial)
Used (passenger and commercial)
Wholesale other than automotive
Other business credit .lj
'•

+ 27
+ 14

-

1421

'•Retsil automotive (commercial vehicles)
.
New:
. ' used' •

;

.

+ 41

'' ' -115
- 57

211
'8 *
228

. Other consumer ;goods paper
•Repair and modernization loans ' . ,.
Personal loans
Business credit l/

' -15O .

....

5

1

118
. 593

. ..

- , B,
+ 14

' ''+125

+, 17
+.64

1/ Exclud.es some credit extended to business, such as that extended
by factoring'subsidiaries.
•
" -.
:\- :




20
Nuriber of Motor Vehicles Financed by Sales Finance Companies
(In thousands)

September
Type of vehicle

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

from:

Year
Month
C,£0 „ ago. _

312

=21

±11

112
174
17
9

-40
-31
+ 1
C

+
+
+
+

281

+ 1

±39

cd
+ 1

Total financed at retail

1963

Change

+55
-16

237
44

Credit Sales of New Passenger Cars as a Per Cent
of Total Number Sold at Retail 3/

Credit Sales
1963 - September
August
1962 - September

25, D. C.




Per Cent
"
75

^
j2

8
2
4
1