On June 6, the Federal Reserve Board announced it had begun its 2025 Census of Finance Companies and Other Lenders.
The census is part of the Federal Reserve’s efforts to catalogue data on the types and volumes of financing provided by nonbank financial institutions across the country. Starting in 1955, the report has been generated every five years and provides a benchmark for the Federal Reserve’s monthly report on the outstanding accounts receivable of finance companies. The report also provides a comprehensive accounting of the sources of funds used by the companies.
“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. Your response is considered confidential and will be treated accordingly,” Jerome Powell, chair of the Federal Reserve, said in a letter to participants. “Participation is voluntary, but we very much hope you will take part in this important effort to ensure an accurate portrait of the finance company industry.”
Officials said the information will also become part of the Federal Reserve’s estimates of total consumer credit and part of the Financial Accounts of the United States, an integrated set of sector-level balance sheets tracking financial flows across economic sectors.
Individual responses from the estimate 13,000 companies asked to participate will be kept confidential.