Production of data on the types and volumes of financing provided by nonbank financial institutions to households and businesses in the U.S. economy is the aim of the annual census announced Friday by the Federal Reserve.
The Fed said its 2025 Census of Finance Companies and Other Lenders, which gauges the assets and liabilities of finance companies, is the continuation of a survey it has conducted every five years since 1955. This year’s census was sent to about 13,000 companies which encouraged them to participate.
“Your participation is important for helping us understand the size and structure of companies that supply credit or lease financing to U.S. households and businesses,” Fed Board Chair Jerome H. (“Jay”) Powell said in a letter to the firms. He added that the results of this census “form the basis of our statistical releases and will contribute to better-informed policy decisions.”
Powell urged those companies that do not provide credit or lease financing to complete the questionnaire anyway, which he indicated was important to the Fed’s information collection.
According to the Fed, results of the survey provide a benchmark for its monthly report on outstanding accounts receivable of finance companies. The results also provide an update on the companies’ sources of funds, the Fed said.
“This information in turn becomes an important input for the Federal Reserve’s estimates of total consumer credit and the Financial Accounts of the United States, which is an integrated set of sector-level balance sheets that tracks financial flows across sectors of the economy,” the Fed said.
2025 Census of Finance Companies and Other Lenders
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