Sources: (Earliest column) Smith (1967); (second column) Western Economic Functions Organization, Survey of Representative Businesses, authors’ computations; (3rd line) Federal Put aside Board, Survey out-of Boat loan companies, authors’ calculations.
Table 1 things to the new proceeded significance of operating costs in the brand new lending process within user boat finance companies. For the 2015, performing expenditures accounted for 82 percent of full (performing and low-functioning expenditures (number not into the desk). So it functioning debts share from total costs are more than the performing expense show when you look at the 1964 and you may 1987 (on two thirds both in age). Continue Reading
