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FEDERAL RESERVE statistical release. For immediate release April 16, 1974 AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-FEBRUARY 1974 NEW CARS Bank direct loans All lenders Bank purchased paper Finance Other lenders Seasonally Ad lusted Extensions ($ millions): February 1974 January 1974 February 1973 2,076 2,097 2,590 455 489 623 864 852 993 441 411 599 316 345 375 3,823 3,647 3,587 3,697 3,735 3,494 3,807 3,446 3,510 4,046 3,884 3,834 3,779 3,808 3,583 543 575 722 123 131 178 227 247 283 109 106 156 84 91 105 Average note (Dollars): February 1974 January 1974 February 1973 Cars financed (000): February 1974 January 1974 February 1973 Not Seasonally Adlusted Extensions ($ millions): February 1974 January 1974 February 1973 373 410 510 1,693 1,694 2,111 707 698 813 355 334 482 258 252 306 3,693 3,761 3,493 3,761 3,405 3,472 4,034 3,884 3,825 3,794 3,877 3,600 101 109 146 188 205 234 88 86 126 68 65 85 Average note (Dollars): February 1974 January 1974 February 1973 3,804 3,643 3,572 . Cars financed (000): February 1974 January 1974 February 1973 445 465 591 G.26 -2- AUT0M3BILE INSTALMENT CREDIT DEVELOPMENTS-FEBRUARY 1974 All lenders Bank Bank purchased paper Finance Other lenders Seasonally Adjusted Extensions ($ millions): February 1974 January 1974 February 1973 1,303 1,316 1,357 374 375 372 425 441 472 218 202 257 286 298 256 2,133 2,072 1,961 2,124 2,073 1,908 2,197 2,135 2,042 2,178 2,123 2,040 2,014 1,957 1,826 611 635 692 176 181 195 193 207 231 100 95 126 142 152 140 Average note (Dollars): February 1974 January 1974 February 1973 Cars financed (000): February 1974 January 1974 February 1973 Not Seasonally Adjusted Extensions ($ millions): February 1974 January 1974 February 1973 1,249 1,240 1,296 356 372 355 404 428 448 200 188 235 289 252 258 2,168 2,127 1,994 2,158 2,114 1,940 2,232 2,195 2,074 2,222 2,161 2,080 2,064 2,016 1,870 576 583 650 165 176 183 181 195 216 90 87 113 140 125 138 Average note (Dollars): February 1974 January 1974 February 1973 Cars financed (000): February 1974 January 1974 February 1973 G.26 Corrected Data AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS In the March 13, 1974 G.26 release, and in the statistical supplement accompanying that release, some erroneous data were reported. Corrected data NEW CAR CREDIT Commercial Banks * Purchased Paper Av. Note Number Ext. financed $ $ (000) millions All Lenders Ext. $ Av. Note Number financed $ (000) (Seasonally Adjusted) 1973 - Dec. 877 3625 242 2232 3701 603 (Not Seasonally Adjusted) 1973 - Mar. Apr. Dec. 708 3707 191 2667 2686 1843 3570 3586 3388 797 749 490
