While lenders continue to report higher losses, fourth-quarter chargeoffs in the leasing industry declined 17 basis points from the year-earlier period.

The decline - to 0.47% of net receivables - came at the same time the leasing industry was recording a 19.1% increase in new business volume, to $7.4 billion, according to a survey conducted by the Equipment Leasing Association.

The quarterly survey of 15 to 20 of the top leasing companies reported that the industry had experienced higher delinquencies throughout 1995, but the percentage of leases 30 days or more past due fell during the fourth quarter to 3.8% - the same level as the fourth quarter of 1994.

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