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f
tAjutd
'C-^
FEDERAL
statistical

,c
Q^u$ridt#vjL*£ ^
x
^
L Q M j f e Y Y \ t & i M . y G < Q(p
RESERVE

release
For immediate release
April 9, 1971

L

&TOM3BjfcE INSTALMENT CREDIT DEVELOPMENTS-FEBRUARY 1971
NEW CARS

All
lenders

Bank
direct
loans

Bank
putghased
paper

Finance
cos.

Other
lenders

Seasonally Adjusted
Extensions ($ millions):
February 1971
January 1971
February 1970

1,717
1,386
1,540

369
293
310

577
482
546

541
409
484

230
202
200

3,204
3,108
3,017

3,021
3,034
3,068

3,581
3,519
3,454

3,124
3,034
3,024

115
94
103

191
159
178

Average note (Dollars):

< ' February
*

1971
January 1971
February 1970

3,234
3,179 :
3,162

Cars financed (000):
531
436
487

February 1971
January 1971
February 1970

151
116 r
140

74
67
66

Not Seasonally Adjusted
Extensions ($ millions):
February 1971
January 1971
February 1970

1,377
1,127
1,234

303
254
255

455
396
431

439
340
392

180
137
156

3,263
3,229
3,189

3,223
3,136
3,036

3,033
3,046
3,079

3,628
3,579
3,500

3,158
3,186
3,059

422
349
387

94
81
84

150
130
140

121
95
112

57
43
51

Average note (Dollars):
February 1971
January 1971
February 1970
Cars financed (000):
February 1971
January 1971
February 1970


r - Revised.


G.26

-2-

AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-FEBRUARY 1971
USED CARS

All
lenders

Bank
direct
loans

Bank
purchased
paper

Finance

Other
lenders

Seasonally Adjusted
Extensions ($ millions):
February 1971
January 1971
February 1970

929
839
875

244
227
214

318
282
289

188
157
198

179
173
174

1,770
1,770
1,676

1,688
1,714
1,657

1,786
1,754
1,715

1,888
1,884
1 ,770

1,750
1,759
1,548

525
474
522

145
132
129

178
161
169

100
83
112

102
98
112

Average note (Dollars):
February 1971
January 1971
February 1970
Cars financed (000):
February 1971
January 1971
February 1970

Not Seasonally Adjusted
Extensions ($ millions):
February 1971
January 1971
February 1970

883
780
829

241
223
211

301
269
273

173
149
182

168
139
163

1,806
1,806
1,709

1,734
1,729
1,702

1,813
1,793
1,739

1,922
1,935
1,802

1,787
1,829
1,583

489
432
485

139
129
124

166
150
157

90
77
101

94
76
103

Average note (Dollars):
February 1971
January 1971
February 1970
Cars financed (000):
February 1971
January 1971
February 1970