G.20 FINANCE COMPANIES 1 For immediate release December 2005 February 2006 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2004 2005 _______ _______________________________________________________ 2001 2002 2003 2004 2005 p Q4 Q1 Q2 Q3 Q4 p Oct r Nov r Dec p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 3 Total 4.6 1.8 4.1 6.1 4.6 8.2 3.9 1.9 3.8 8.6 4.1 5.8 15.7 Consumer 9.2 0.8 4.5 4.7 1.3 1.6 6.2 2.8 -0.6 -3.2 -9.8 -5.4 5.7 Real estate 4.1 1.7 8.9 16.9 15.0 30.7 15.4 2.9 8.8 30.5 24.6 19.3 45.5 Business 0.5 2.9 1.9 3.2 3.0 4.9 -3.9 0.6 5.9 9.6 7.9 10.1 10.5 Amount: billions of dollars Total 1248.5 1271.6 1323.8 1405.2 1470.2 1405.2 1418.8 1425.7 1439.3 1470.2 1444.2 1451.2 1470.2 Consumer 515.5 519.8 543.3 568.6 576.1 568.6 577.5 581.5 580.7 576.1 575.9 573.4 576.1 Real estate 206.9 210.5 229.2 267.8 308.0 267.8 278.1 280.1 286.2 308.0 292.1 296.8 308.0 Business 526.0 541.3 551.4 568.8 586.1 568.8 563.2 564.1 572.4 586.1 576.2 581.0 586.1 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 4 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 5.65 4.29 3.40 4.36 5.45 5.01 4.86 5.18 5.80 5.97 6.13 6.40 5.39 Maturity (months) 55.1 56.8 61.4 60.5 60.1 61.3 59.3 59.5 60.2 61.2 61.4 60.6 61.7 Loan-to-value ratio 91 94 95 89 88 84 86 88 88 89 90 88 88 Amount financed (dollars) 22,822 24,747 26,295 24,888 24,183 24,376 24,116 23,477 24,575 24,566 24,209 24,174 25,314 Used car loans Interest rates 12.18 10.74 9.72 8.96 9.04 8.87 9.23 9.23 8.78 8.92 8.96 8.95 8.85 Maturity (months) 57.5 57.5 57.5 56.8 57.6 56.9 57.8 57.6 57.5 57.5 57.6 57.5 57.4 Loan-to-value ratio 100 100 100 100 98 98 98 98 98 98 99 98 95 Amount financed (dollars) 14,416 14,532 14,613 15,136 16,249 15,714 15,507 16,026 16,371 17,091 16,836 17,019 17,418 --------------------------------------------------------------------------------------------------------------------------------------- 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. The series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect of such breaks. 4. 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 OUTSTANDING 2 (Billions of dollars) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- 2004 2005 _______ _______________________________________________________ 2001 2002 2003 2004 2005 p Q4 Q1 Q2 Q3 Q4 p Oct r Nov r Dec p --------------------------------------------------------------------------------------------------------------------------------------------- Total 1254.7 1277.5 1330.2 1411.8 1476.9 1411.8 1414.3 1428.6 1436.3 1476.9 1448.7 1459.0 1476.9 Consumer 519.7 523.9 547.7 573.3 580.8 573.3 573.3 578.6 582.3 580.8 580.4 578.1 580.8 Motor vehicle loans 173.9 160.2 197.0 230.0 194.3 230.0 219.5 208.2 203.3 194.3 203.1 200.9 194.3 Motor vehicle leases 103.5 83.3 70.0 62.5 70.6 62.5 63.7 67.3 68.8 70.6 68.9 69.5 70.6 Revolving 5 31.5 38.9 37.6 40.5 48.8 40.5 41.6 44.5 46.2 48.8 47.2 48.2 48.8 Other 6 32.7 38.7 60.9 96.3 114.5 96.3 99.7 102.9 112.5 114.5 113.4 114.2 114.5 Securitized assets 7 Motor vehicle loans 131.9 151.9 132.8 109.9 123.7 109.9 117.0 125.9 122.9 123.7 120.6 118.7 123.7 Motor vehicle leases 6.8 5.7 5.5 4.8 4.2 4.8 4.6 4.5 4.3 4.2 4.3 4.2 4.2 Revolving 25.0 31.1 31.6 19.3 16.6 19.3 18.0 16.9 15.8 16.6 14.8 14.4 16.6 Other 14.3 14.0 12.2 9.8 7.9 9.8 9.1 8.5 8.5 7.9 8.2 8.0 7.9 Real estate 207.1 210.6 229.4 268.2 308.6 268.2 271.3 277.9 287.8 308.6 295.7 301.6 308.6 One-to-four family 120.1 135.0 152.2 190.1 232.5 190.1 194.5 199.7 212.6 232.5 220.7 226.7 232.5 Other 41.2 39.5 46.7 52.7 52.4 52.7 52.3 52.0 52.0 52.4 51.9 52.0 52.4 Securitized assets 7 One-to-four family 40.1 33.0 26.7 21.8 18.9 21.8 21.1 20.3 19.6 18.9 19.4 19.2 18.9 Other 5.7 3.2 3.8 3.5 4.8 3.5 3.5 5.9 3.7 4.8 3.7 3.7 4.8 Business 527.9 543.0 553.1 570.4 587.6 570.4 569.7 572.1 566.1 587.6 572.5 579.3 587.6 Motor vehicles 54.0 60.7 74.9 91.6 113.3 91.6 91.9 99.1 88.3 113.3 91.2 111.6 113.3 Retail loans 16.1 15.4 18.2 18.4 19.2 18.4 21.5 21.9 21.6 19.2 20.1 19.7 19.2 Wholesale loans 8 20.3 29.3 40.3 46.2 62.9 46.2 42.8 48.1 37.4 62.9 41.8 62.7 62.9 Leases 17.6 16.0 16.3 27.0 31.2 27.0 27.5 29.2 29.3 31.2 29.3 29.3 31.2 Equipment 289.4 292.1 277.6 264.8 271.5 264.8 260.8 264.5 266.3 271.5 268.2 268.7 271.5 Loans 77.8 83.3 74.6 70.6 72.5 70.6 69.6 70.0 70.4 72.5 70.8 70.8 72.5 Leases 211.6 208.8 203.1 194.3 199.0 194.3 191.2 194.5 195.9 199.0 197.4 198.0 199.0 Other business receivables 9 103.5 102.5 105.0 115.3 119.4 115.3 116.5 114.5 119.9 119.4 118.6 122.5 119.4 Securitized assets 7 Motor vehicles 50.1 50.2 48.4 44.8 28.8 44.8 48.8 43.2 39.9 28.8 43.2 25.3 28.8 Retail loans 5.1 2.4 2.2 2.2 2.7 2.2 2.2 2.8 2.7 2.7 2.7 2.7 2.7 Wholesale loans 42.5 45.9 44.2 40.6 26.0 40.6 44.6 40.2 37.0 26.0 40.3 22.5 26.0 Leases 2.5 1.9 2.1 2.0 0.1 2.0 2.0 0.1 0.1 0.1 0.1 0.1 0.1 Equipment 23.2 20.2 22.1 23.6 24.4 23.6 21.6 23.4 23.8 24.4 23.6 23.2 24.4 Loans 16.4 13.0 12.5 11.5 11.6 11.5 9.9 11.7 12.4 11.6 12.2 11.8 11.6 Leases 6.8 7.2 9.6 12.1 12.8 12.1 11.7 11.6 11.4 12.8 11.4 11.4 12.8 Other business receivables 9 7.7 17.4 25.1 30.2 30.2 30.2 30.2 27.5 27.9 30.2 27.8 27.8 30.2 --------------------------------------------------------------------------------------------------------------------------------------------- 5. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. 6. Includes student loans, personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel, boats, and recreation vehicles. 7. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. 8. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing. 9. 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. r=revised. p=preliminary.