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%m&. 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