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Journal Article
Survey of finance companies, 1996
Finance companies are major suppliers of credit to consumers and businesses. The sector is made up of roughly 1,250 nondepository financial institutions, with 20 firms accounting for three-fourths of the receivables. The Federal Reserve System has been surveying the assets and liabilities of finance companies, typically at five-year intervals, since June 1955. This article summarizes the results of the 1996 survey. Special features of that survey are a breakdown of automobile leases into consumer and business components and, relative to previous surveys, greater detail on the composition of ...
Journal Article
Survey of finance companies, 2000
Against a backdrop of robust economic activity, the finance company sector expanded briskly over the second half of the 1990s. The value of receivables held by finance companies in the United States rose nearly 50 percent, or about 11 percent a year, between 1996 and 2000. Business lending remained finance companies' major line of activity; the importance to the sector of consumer lending and leasing declined slightly, and the importance of real estate lending rose a bit. These and other findings from the Federal Reserve's mid-2000 benchmark survey of finance companies, as well as ...