The Federal Reserve Board has initiated its 2025 Census of Finance Companies and Other Lenders, as announced on Friday. This census plays a significant role in gathering data on the types and volumes of financing provided by nonbank financial institutions to households and businesses within the United States.
Since 1955, the Federal Reserve has conducted surveys of the assets and liabilities of finance companies approximately every five years. The data collected serve as a benchmark for monthly reports on outstanding accounts receivable of finance companies. Additionally, they provide an updated overview of these companies’ sources of funds. This information is crucial for the Federal Reserve’s estimates of total consumer credit and contributes to the Financial Accounts of the United States. These accounts are an integrated set of sector-level balance sheets that monitor financial flows across various sectors of the economy.
Federal Reserve Chair Jerome H. Powell has sent a letter to about 13,000 companies, urging them to participate in this census. The confidentiality of individual responses will be maintained. Further details about the census can be found at www.federalreserve.gov/financecocensus.
