Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page


Release Date: June 28, 1999

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
April 1999 June 1999
 

OWNED AND MANAGED RECEIVABLES 2
  1998 1999
  Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
                                                                                           Seasonally Adjusted          
Growth Rates (percent at annual rate)        
  Total                            9.3     11.2     -2.3     13.0      7.8      9.7     18.8      7.2     14.3     12.4     13.8     17.2      9.5  
    Consumer                       0.7      4.7      8.5     14.1      7.7     15.8     25.9      5.9      1.3     -0.6     14.0      9.0     -0.3  
    Real estate                    3.0     22.5    -31.7     42.2     27.7      7.2     32.0     18.2      9.2     39.2      0.1     15.4     32.4  
    Business                      19.0     13.1     -2.1      2.6      1.3      5.0      7.9      4.5     27.9     15.2     18.3     25.2     10.6  
                                             
Outstandings (billions of dollars)           
  Total                          825.3    833.0    831.3    840.3    845.8    852.6    865.9    871.1    874.9    888.2    898.4    911.3    918.5  
    Consumer                     328.9    330.2    332.5    336.4    338.5    343.0    350.4    352.1    352.5    356.5    360.7    363.4    363.3  
    Real estate                  121.9    124.2    120.9    125.2    128.1    128.8    132.3    134.3    131.4    135.7    135.7    137.5    141.2  
    Business                     374.5    378.6    377.9    378.7    379.2    380.7    383.2    384.7    391.0    396.0    402.0    410.4    414.1  
 
AUTO LOANS: TERMS OF CREDIT 3  
Percent except as noted; not seasonally adjusted            
  New car loans                
    Interest rate                 6.20     6.07     6.02     6.23     6.00     5.92     6.33     6.79     6.43     6.22     6.43     6.31     6.52  
    Maturity (months)             50.7     50.8     50.9     51.7     53.0     53.1     53.1     52.8     52.2     52.1     53.4     53.0     52.8  
    Loan-to-value ratio             91       93       91       92       93       93       92       91       91       92       92       91       92  
    Amount financed (dollars)   18,922   18,793   18,878   19,084   19,068   19,028   19,199   19,590   19,734   19,628   19,304   19,339   19,435  
 
  Used car loans               
    Interest rate                12.76    12.73    12.63    12.51    12.68    12.65    12.58    12.41    12.31    11.81    12.08    12.09    12.17  
    Maturity (months)             52.9     52.9     54.0     54.1     54.1     54.2     54.2     54.3     54.2     56.0     55.9     56.0     56.0  
    Loan-to-value ratio             98       99      100      100      101      101      100      100      100       99       99       99       99  
    Amount financed (dollars)   12,716   12,607   12,698   12,733   12,407   12,731   12,914   13,112   13,201   13,497   13,604   13,653   13,647  
 

1. Includes finance company subsidiaries of bank holding companies but not of retailers and banks.
2. Owned receivables are those carried on the balance sheet of the institution. Managed receivables are outstanding balances of
pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator.
Data are shown before deductions for unearned income and losses. Components may not add to totals because of rounding.
3. Data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all
loans of each type purchased during the month.
 

 

 

 

 

OWNED AND MANAGED RECEIVABLES 2
  1998 1999
  Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                 825.3  832.2  836.0   834.9   842.0   849.0   864.2   872.8   884.0   888.4   897.8   911.9   918.5
              
    Consumer                            326.7  329.4  335.4   338.2   339.9   344.0   350.0   352.2   356.1   355.8   357.4   359.7   361.0
      Motor vehicle loans                90.6   89.6   89.9    91.7    95.3    96.2    97.6    99.0   103.1   102.8   105.0   104.7   106.8
      Motor vehicle leases               95.9   95.9   97.0    97.3    96.9    94.9    94.6    94.4    93.3    93.9    94.5    93.9    94.8
      Revolving 4                        30.4   30.5   29.9    29.4    29.6    28.4    33.3    33.1    32.3    32.1    31.5    31.2    31.5
      Other 5                            33.4   33.5   34.4    35.0    34.7    34.6    34.6    34.6    33.1    32.1    32.5    32.0    32.0
      Securitized Assets 6                                                                          
        Motor vehicle loans              42.8   45.7   49.3    50.2    49.2    51.8    51.6    53.4    54.8    56.0    54.9    59.0    57.8
        Motor vehicle leases             10.4   10.8   10.9    10.8    10.7    14.2    14.4    14.2    12.7    12.5    12.3    12.0    11.8
        Revolving                         5.3    5.3    5.3     5.3     5.3     5.3     5.3     5.3     8.7     8.6     8.7     9.1     8.8
        Other                            18.1   18.1   18.6    18.5    18.2    18.8    18.6    18.4    18.1    17.9    18.1    17.8    17.6
              
    Real estate                         121.9  124.2  120.9   125.2   128.1   128.8   132.3   134.3   131.4   135.7   135.7   137.5   141.2
      One- to four-family                62.4   65.2   62.3    65.9    68.6    68.4    72.2    74.1    75.7    80.1    80.3    77.7    81.7
      Other                              28.1   28.1   27.5    28.5    28.7    30.1    30.2    30.7    26.6    26.9    27.1    31.6    31.6
      Securitized real estate assets 6                                                              
        One- to four-family              31.2   30.7   30.9    30.6    30.7    30.2    29.8    29.4    29.0    28.6    28.3    28.0    27.6
        Other                             0.2    0.2    0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.3     0.3
              
    Business                            376.7  378.6  379.7   371.5   374.0   376.2   382.0   386.3   396.5   396.9   404.6   414.8   416.3
      Motor vehicles                     68.2   69.1   68.4    61.1    62.5    65.5    68.5    70.9    79.6    79.1    82.1    84.8    86.2
        Retail loans                     28.3   29.3   29.2    29.2    29.6    30.0    30.4    29.4    28.1    28.4    28.9    30.0    30.7
        Wholesale loans 7                29.5   29.5   28.2    21.0    22.0    24.2    27.0    30.3    32.8    31.9    34.3    36.0    36.5
        Leases                           10.4   10.4   11.0    10.9    10.9    11.3    11.1    11.2    18.7    18.9    18.9    18.8    18.9
      Equipment                         207.8  209.3  212.8   212.8   212.0   210.8   211.5   212.0   198.0   197.6   200.7   202.3   203.1
        Loans                            51.2   51.3   52.7    51.6    51.8    47.9    47.2    47.8    50.4    49.7    51.0    51.6    52.0
        Leases                          156.7  158.0  160.2   161.2   160.2   162.9   164.3   164.2   147.6   147.8   149.8   150.7   151.0
      Other business receivables 8       54.0   54.3   53.7    54.5    57.0    58.9    59.6    60.4    69.9    72.5    73.3    75.7    75.8
      Securitized assets 6                                                                          
        Motor vehicles                   31.6   31.0   29.1    26.3    25.9    24.5    25.0    25.8    29.2    28.2    28.8    31.0    30.5
          Retail loans                    1.9    1.9    2.3     2.2     2.1     2.0     1.9     2.4     2.6     2.5     2.4     2.4     2.4
          Wholesale loans                29.6   29.2   26.7    24.1    23.8    22.5    23.2    23.4    24.7    23.8    24.6    26.6    26.2
          Leases                          0.0    0.0    0.0     0.0     0.0     0.0     0.0     0.0     1.9     1.9     1.9     1.9     1.9
        Equipment                        10.3   10.2   10.5    11.5    11.4    11.3    12.0    11.8    13.0    12.7    12.9    12.8    12.5
          Loans                           4.1    4.0    4.1     5.1     4.9     4.9     5.6     5.4     6.6     6.3     6.2     6.1     5.8
          Leases                          6.2    6.2    6.4     6.4     6.4     6.4     6.4     6.4     6.4     6.4     6.7     6.7     6.6
        Other business receivables 8      4.7    4.7    5.3     5.4     5.2     5.3     5.2     5.3     6.8     6.8     6.8     8.2     8.3
 

4. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
5. Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel,
boats, and recreation vehicles.
6. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the
loan originator.
7. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
8. Includes loans on commercial accounts receivable, factored commercial accounts, and receivable dealer capital; small loans used
primarily for business or farm purposes; and wholesale and lease paper for mobile homes, recreation vehicles, and travel trailers.

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