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g20_19601103

g20_19601103

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Published by: fedfraser on Oct 27, 2013
Copyright:Attribution Non-commercial

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10/27/2013

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BOARD
OF
GOVERNORS
OB' THE
FEDERAL RESERVE SYSTEM
/- G 20
November
3.
i960
er %\
SALES FINANCE COMPANIES
^
&
UBRARY
SEPTEMBER i960
"
Hes
^!L5-—Retail passenger
car
instalment paper held
by
salesfinance companies declined
$23
million
in
September
to
$7,852million.
The
decline compares with
an
expansion
of $88
million
for the
same month last year
and a
decline
of $129
million
in 1958.
Total consumer instalment paper
at
sales finance companies rose
by $12
million
and was
$1,205 million higher than
a
year
ago.
Retail passenger automobile paper acquired
by
salesfinance companies
in
September amounted
to
$552 million,
a
decline
of $93
million from
the
previous month.
The
number
of new and
used
ear
contracts acquired declined during
the
month
and, as in
otherrecent months,
was
less than
a
year
ago.
Business credit outstanding declined
$321
million
as out-
standing balances
on
automobile floor, plan loans contracted
by a
similar amount.Outstanding Credit Held
by
Sales Finance Companies
(in
millions
of
dollars)Type
of
creditSept.
30
I960Increase
or
decreaseduring:Type
of
creditSept.
30
I960Sept.I960Sept.
1952.
Year endedSept.
30
;
I960Consumer instalment credit11,154
+ 12+143
+1
,205
Retail automotive (passenger cars)7,832
- 23+ 88
+
504
Other consumer goods paper
2 292
+ 32+ 38 .+
531
Repair
and
modernization loans
60+ 3'+ 4+
30
Personal loans
9700+ 13+140
Business credit
l/:
3.377
-321
-483+609
Retail automotive (commercial vehicles)
623
- 5+ 11+50
Wholesale automotive
1,349-347-524+215
Wholesale other than automotive
140- 4+ 4+5
Other business
c
:
redit
1,265
+ 35
+ 26
+339
l/
Excludes some credit extended
to
business, such
as
that extended
by
factoring subsidiaries.
 
G.20
- 2 -
Credit. jixtenEed
by
Sales Finance Companies
(in
millions
of
dollars)Type
of
creditSept.
1960
Change from;.Month
ago
Consumer instalment creditRetail automotive (passenger cars)
New
UsedOther consumer goods paperRepair
and
modernization loansPersonal loansBusiness credit
l/
Retail automotive (commercial vehicles)
Mew '
UsedWholesale automotive paper
Mew
(passenger
and
commercial)Used (passenger
and
commercial)Wholesale other than automotiveOther business credit
1/8795525541982145108809_4937125254557047188
-110
- 93- 53- 40- 3
- 2
- 12
-257
- 6
- 4
- 2
-257-255
- 2
- 3+ 9l/
Excludes some credit extended
to
business, such
as
that extended
by
factoring subsidiaries.

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