Discovering the Universe: Measuring the Role of Finance Companies in the U.S. Economy

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By Lisa Chen (au); Kathleen W. Johnson (au); Arthur B. Kennickell (au)
Year: 2013
Pages: 38
Binding Paperback
ISBN 978-1-4578-4625-0

Product Code: 145784625X

Description

Credit to consumers and business is critical to the efficient functioning of the U.S. economy, and finance companies are a key source of such credit. Every five years, the Federal Reserve conducts a two-part survey: the Census of Finance Companies (CFC) to identify the universe of such firms and the Survey of Finance Companies (SFC) to obtain balance-sheet data from firms identified in the CFC. In 2010, this survey underwent a major revision that addressed both the absence of a comprehensive list frame and low response rates. A follow-up study of nonrespondents to the CFC was conducted to obtain information on the operating status of the unobserved firms, and their status as a finance company under the definitions of the CFC. This study describes the way the CFC and the follow-up were used to construct an estimate of the complicated universe of finance companies. Tables and figures. This is a print on demand report.

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