Full text of G.20 Sales Finance Companies : September 2, 1965
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.•to-. .ocw'. F statistical E D E R A L R E S E R V E reieas September 2 , 1965 " C0KPM EES JULY 1965 Consumer instalment credit outstanding at Sales Finance Companies rose $193 million in July for one of the sharpest increases ever recorded for that month. The bulk of this expansion was in retail automobile paper; it accounted for over 60 per cent of the increase. Other consumer goods and personal loans rose $44 million and $$0 million respectively. New aquisitions of consumer"instalment paper were $75 million below the June total, but above the level for July 1964. Other consumer goods accounted for the major portion of the rise from 1964 to 1965. Repayments continued to remain at a high level. Business credit dipped slightly, down $10 million from the previous month. This was due to declines in wholesale automotive credit and other wholesale credit. Outstanding Credit Held by Sales Finance Companies (in millions of dollars) Consumer instalment credit Retail automotive (passenger cars) . Other consumer goods Home repair and modernization Personal loans Business credit 1/ ' Retail automotive (commercial vehicles) . Wholesale automotive Wholesale other than automotive Other.business credit factoring subsidiaries. Increase or decrease during: Year ended July 31. 1965 15,565 193 9,174 4,067 15) 2,191 119 44 : 0 II July 31, 1965 II Type of credit 151: 1,206 ,3.0 108 - 1 - 1 25 6,719 -10 -196 431 903 2,468 490 2,858 . 9 - 41 - 17 39 13 —186 - 19 - 4 48 292 43 50 433 453 - 16 336 • • > "72^ G.20 , - -2-? Credit Ixt-ended by Sales Finance Companies (In millions of. dollars) July 1965. Type of credit 1.518 Consumer instalment credit ' Wholesale other than automotive Other business credit l/ - 21 - 2 - 14 2 7 5 - i • Retail automotive (commercial vehicles' Hew /(passenger and commercial) Used (passenger and commercial) - 4 - 34 2,189 Business credit l/ .Wholesale automotive paper 497241 i 76 -38 336 7 ; Other consumer goods Home -repair and modernization - 'Personal loans -IJNev ' Used ZJI 738 Retail automotive (passenger cars) New Used Change from Year Month ago . ago- 85 • • 65 ,20 -309 " -11. - 29. -14 43 - 1 19 . 330 - -5 - 4 1 , 0 .. 3 . _305 1.572 1,517 .55 -245 - 10 150 --402 - 17 - 52 308 - 3 6 • 16 l/ Excludes some credit extended to business, such as that extended by factoring subsidiaries. 0.20 -3- Number of Motor Vehicles Financed by Sales Finance Companies (in thousands) Type of vehicle Total financed at retail New passenger Used passenger New commercial Used commercial Total financed at wholesale New (passenger and commercial),. Used (passenger and commercial) Change from Month Year ago ago July 196$ 386 -28 -5 177 ' 180 19 10 0 -27 -1 0 11 -20 1 5 -96 625 578 45 ' : 106 -89 - 7 109 -3 Credit Sales of New Passenger Cars as a Per Cent of Total Number Sold at Retail l/. Credit Sales Per Cent 1965 - July ^75 1965 - June r67 1964 - July • 75 r - revised 1/ Based on new car instalment contracts acquired by banks, 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,,D. C. 20551.
