NEW YORK'S LOAN DELINQUENCIES UP
Florida Automotive Journal
The New York State Bankers Association's installment credit division this week reported a sharp rise during August in loan delinquencies as respects installment credit. For the state as a whole delinquencies rose to 2.2 per cent of loans outstanding, compared with 2 per cent in July and 1.8 per cent in August, 1969. All areas of the state participated in the increased delinquencies except for the Buffalo area, where there was a small decline in loans past due.
In all cases the New York State loan delinquency record was higher than the national average as indicated by the most recent American Bankers Association tabulation of delinquency figures. Normally, says the New York State Bankers Association, August is a period of little or no change in delinquency figures.
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