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FEDERAL

RESERVE

statistical

release
For Immediate r e l e a s e
November 12, 1973

AimwmTT.K INSTALMENT CREDIT DEVELOPMENTS-SEPTEMBER 1973
NEW CARS

All
lenders

Bank
direct
loans

Bank
purchased
paper

Finance
cos.

Other
lenders

Seasonally Adjusted
Extensions ($ m i l l i o n s ) :
September 1973
August 1973
September 1972

2,445
2,559
2,065

552
592
480

942
1,043
781

566
574
492

385
350
312

3,856
3,741
3,413

3,726
3,638
3,350

3,777
3,667
3,341

4,142
4,028
3,720

3,846
3,731
3,235

634
684
605

148
163
143

249
284
234

137
143
132

100
94
96

Average note ( D o l l a r s ) :
September 1973
August 1973
September 1972
Cars financed (000):
September 1973
August 1973
September 1972

Not Seasonally A d j u s t e d
Extensions ($ m i l l i o n s ) :
September 1973
August 1973
September 1972

2,249
2,812
1,998

498
625
464

891
1,144
776

488
628
442

372
415
316

3,799
3,729
3,358

3,689
3,613
3,316

3,713
3,667
3,285

4,101
4,000
3,684

3,796
3,705
3,192

592
754
595

135
173
140

240
312
236

119
157
120

98
112
99

Average note ( D o l l a r s ) :
September 1973
August 1973
September 1972
Cars financed (000):
September 1973
August 1973
September 1972




6.26

- 2 -

AUT0M3BILE INSTALMENT CREDIT DEVELOPMENTS-SEPTEMBER 1973
USED CARS

All
lenders

Bank
direct
loans

Bank
purchased

Finance

Other
lenders

Seasonally Adjusted
Extensions ($ m i l l i o n s ) :
September 1973
August 1973
September 1972

1,416
1,367
1,268

385
397
340

478
463
439

245
240
236

308
267
253

2,092
2,110
1,881

2,056
2,071
1,853

2,184
2,202
1,962

2,154
2,146
1,958

1,965
1,994
1,731

677
648
674

187
192
183

219
210
224

114
112
121

157
134
146

Average note ( D o l l a r s ) :
September 1973
August 1973
September 1972
Cars financed (000):
September 1973
August 1973
September 1972

Not Seasonally Adjusted
Extensions ($ m i l l i o n s ) :
September 1973
August 1973
September 1972

1,226
1,439
1,130

327
396
301

413
493
388

208
259
206

278
291
235

2,023
2,032
1,817

1,994
1,990
1,797

2,118
2,143
1,902

2,059
2,056
1,872

1,904
1,902
1,679

606
708
622

164
199
168

195
230
204

101
126
110

146
153
140

Average note ( D o l l a r s ) :
September 1973
August 1973
September 1972
Cars f i n a n c e d (000):
September 1973
August 1973
September 1972