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The Federal Reserve will begin its Survey of Finance Companies in March as part of the continuing effort to paint a comprehensive view of the range of companies in this sector of the U.S. financial system.
"The availability of credit to consumers and businesses is important to our economy, and finance companies play a very important role in U.S. credit markets," Federal Reserve Chair Janet L. Yellen said in a letter to prospective survey participants.
The survey collects balance sheet data on major categories of household and business credit receivables and liabilities from finance companies. Results of the survey will further ... (read more)