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F E D E R A L

R E S E R V E

LIBRARY

F E B 10

G.26

For immediate release
November 5, 1969
CREDIT DEVELOPMENTS-SEPTEMBER 1969
NEW CARS

All
lenders

Bank
direct
loans

Bank
purchased
paper

Sales
finance
cos.

Other
lenders

Seasonally Adjusted
Extensions

($ millions):

September 1969
August 1969
September 1968

1,852
1,535
1,634

427
332
362

3,232
3,165
3,037

3,154
3,036
2,919

573
485
538

626
5-36
600

136
109
124

555
452
473

244
215
199

3,163
3,159
3,017

3,458
3,349
3,251

3,087
3,022
2,843

198
170
199

160
135
145

79
71
70

584
592
548

461
474
389

232
234
1S6

3,090
3,099
2,948

3,365
3,292
3,163

3,013
2,962
2,776

137
144
123

77
79
67

Average note (Dollars):
September 1969
August 1969
September 1968
Cars financed

(000):

September 1969
August 1969
September 1968

Not Seasonally Adjusted
Extensions

($ millions):

September 1969
August 1969
September 1968
Average note

355
333
293

3,138
3,110
2,950

3,034
3,000
2,809

520
525
480

117
111
104

(Dollars):

September 1969
August 1969
September 1968
Cars financed

1,632
1,633
1,416

.

.

(000):

September 1969
August 1969


September 1968


189
191
186

i

G.26

-2-

AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-SEPTEMBER 1969
USED CARS

All
lenders

Bank
direct
loans

Bank
purchased
paper

Sales
finance

Other
lenders

Seasonally Adjusted
Extensions ($ millions):
September 1969
August 1969
September 1968

967
875
969

238
207
231

335
293
357

216
204
208

178
171
173

1,679
1,657
1,581

1,684
1,651
1,545

1,767
1,733
1,649

1,734
1,696
1,633

1,480
1,499
1,437

576
528
613

141
125
150

190
169
216

125
120
127

120
114
120

Average note (Dollars):
September 1969
August 1969
September 1968
Cars financed (000):
September 1969
August 1969
September 1968

Not Seasonally Adjusted
Extensions ($ millions):
September 1969
August 1969
September 1968

853
886
855

208
202
202

291
298
310

182
203
176

172
183
167

1,612
1,591
1,519

1,625
1,578
1,493

1,682
1,674
1,571

1,640
1,637
1,544

1,470
1,441
1,427

529
557
563

128
128
135

173
178
197

111
124
114

117
127
117

Average note (Dollars):
September 1969
August 1969
September 1968
Cars financed (000):
September 1969
August 1969
September 1968