G.20 FINANCE COMPANIES 1 For immediate release February 2012 April 2012 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2010 2011 2012 _______ _______________________________________ _______________ 2007 2008 2009 2010 2011 Q4 Q1 Q2 Q3 Q4 Dec Jan Feb p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 3 Total 2.1 -6.3 -15.5 -8.3 -4.4 -4.1 -5.7 -9.9 -5.1 2.9 0.4 -6.3 -3.7 Consumer 7.9 -5.7 -16.3 -8.0 -2.5 2.3 -1.0 -7.6 -7.8 6.4 0.0 11.2 3.6 Real estate -6.5 -15.2 -10.6 -13.3 -11.1 -15.5 -18.7 -10.3 -10.1 -7.4 -0.3 -27.3 -11.0 Business 3.1 1.2 -18.4 -4.2 -1.6 -3.2 -1.6 -12.8 2.4 5.7 1.4 -14.6 -8.6 Amount: billions of dollars Total 2057.8 1927.3 1628.0 1493.7 1427.9 1493.7 1472.6 1436.1 1417.7 1427.9 1427.9 1420.4 1416.0 Consumer 884.2 833.5 697.3 641.6 625.4 641.6 639.9 627.7 615.5 625.4 625.4 631.2 633.1 Real estate 573.4 486.3 434.8 377.1 335.1 377.1 359.5 350.3 341.4 335.1 335.1 327.5 324.5 Business 600.2 607.6 496.0 475.0 467.4 475.0 473.2 458.0 460.8 467.4 467.4 461.7 458.4 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 4 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 4.87 5.52 3.82 4.26 4.73 4.57 4.73 n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 62.0 63.4 62.0 63.0 62.3 62.5 62.3 n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 95 91 90 86 80 82 80 n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 28,287 26,178 28,272 27,959 26,673 27,423 26,673 n.a. n.a. n.a. n.a. n.a. n.a. Used car loans Interest rates 9.24 8.74 9.41 8.16 7.73 7.97 7.73 n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 60.7 59.8 59.2 62.6 64.5 63.4 64.5 n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 100 98 101 96 96 96 96 n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 17,095 16,664 16,225 18,124 18,723 18,424 18,723 n.a. n.a. n.a. n.a. n.a. n.a. --------------------------------------------------------------------------------------------------------------------------------------- 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 volume-weighted averages covering all loans of each type purchased during the month. The statistical foundation for these series has deteriorated in the past few months. Therefore, publication of these series is temporarily being suspended. The statistical foundation is in the process of being improved, and publication will resume as soon as possible. OWNED AND MANAGED RECEIVABLES OUTSTANDING 2 (Billions of dollars) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- 2010 2011 2012 _______ _______________________________________ _______________ 2007 2008 2009 2010 2011 Q4 Q1 Q2 Q3 Q4 Dec Jan Feb p --------------------------------------------------------------------------------------------------------------------------------------------- Total 2065.6 1932.4 1630.6 1495.6 1429.9 1495.6 1467.2 1435.9 1426.9 1429.9 1429.9 1418.3 1412.3 Consumer 891.1 840.2 703.0 646.9 630.6 646.9 633.3 624.4 625.0 630.6 630.6 629.0 627.2 Motor vehicle loans 261.5 247.7 205.6 185.1 181.0 185.1 185.2 178.5 182.1 181.0 181.0 182.7 179.5 Motor vehicle leases 122.9 111.1 85.4 72.7 77.9 72.7 73.3 73.8 74.9 77.9 77.9 78.9 79.6 Revolving 5 86.0 74.4 46.4 71.9 78.1 71.9 69.0 70.0 72.2 78.1 78.1 76.8 75.1 Other 6 236.5 253.7 235.8 261.5 247.3 261.5 255.6 253.3 250.1 247.3 247.3 245.5 244.6 Securitized assets 7 Motor vehicle loans 110.7 85.1 67.3 50.4 41.9 50.4 45.2 44.0 41.2 41.9 41.9 40.7 44.1 Motor vehicle leases 3.1 2.7 2.3 2.0 1.7 2.0 2.0 1.9 1.8 1.7 1.7 1.7 1.7 Revolving 25.6 25.5 24.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Other 44.7 40.0 36.2 3.0 2.6 3.0 2.9 2.8 2.7 2.6 2.6 2.6 2.6 Real estate 572.4 483.9 431.9 374.4 332.7 374.4 361.0 349.4 340.8 332.7 332.7 328.3 325.7 One-to-four family 472.7 375.4 327.7 280.6 247.2 280.6 270.0 261.4 254.7 247.2 247.2 243.1 240.8 Other 59.1 72.5 69.7 63.6 56.0 63.6 61.0 58.1 56.5 56.0 56.0 55.8 55.5 Securitized assets 7 One-to-four family 34.9 31.0 30.3 29.6 29.0 29.6 29.4 29.3 29.1 29.0 29.0 28.9 28.9 Other 5.6 5.0 4.3 0.6 0.5 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 Business 602.2 608.3 495.6 474.3 466.6 474.3 472.9 462.1 461.0 466.6 466.6 461.0 459.4 Motor vehicles 105.7 95.1 63.4 68.1 66.8 68.1 66.1 62.2 59.7 66.8 66.8 65.1 67.4 Retail loans 16.4 12.8 10.1 9.3 10.8 9.3 9.2 9.4 10.0 10.8 10.8 11.0 11.5 Wholesale loans 8 56.9 51.3 37.0 43.3 41.3 43.3 42.9 39.0 35.9 41.3 41.3 39.5 40.6 Leases 32.4 31.0 16.3 15.4 14.6 15.4 14.0 13.8 13.7 14.6 14.6 14.6 15.3 Equipment 328.2 347.0 296.9 307.1 300.2 307.1 307.0 300.2 300.3 300.2 300.2 297.2 295.8 Loans 111.4 115.9 92.2 113.1 112.9 113.1 112.1 108.8 110.6 112.9 112.9 112.9 113.2 Leases 216.9 231.1 204.7 194.0 187.3 194.0 194.9 191.4 189.8 187.3 187.3 184.3 182.7 Other business receivables 9 89.0 97.8 88.6 65.9 66.9 65.9 66.6 66.8 68.1 66.9 66.9 66.0 63.5 Securitized assets 7 Motor vehicles 33.6 27.4 12.4 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 Retail loans 2.6 2.4 3.0 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 Wholesale loans 30.9 25.0 9.4 3.8 3.7 3.8 3.8 3.8 3.8 3.7 3.7 3.7 3.7 Leases 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Equipment 13.3 10.7 6.8 4.0 3.9 4.0 4.0 4.0 3.9 3.9 3.9 3.9 3.9 Loans 9.4 7.1 3.4 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 Leases 3.9 3.6 3.4 2.9 2.8 2.9 2.9 2.9 2.8 2.8 2.8 2.8 2.8 Other business receivables 9 32.4 30.3 27.6 23.3 23.0 23.3 23.2 23.2 23.1 23.0 23.0 23.0 23.0 --------------------------------------------------------------------------------------------------------------------------------------------- 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.