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


Release Date: February 19, 1998

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
                                                            December 1997                                                February 1998
 

OWNED AND MANAGED RECEIVABLES 2
  1996 1997
  Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
                                                                                           Seasonally Adjusted          
Growth Rates (percent at annual rate)        
  Total                           5.79     6.63     1.66    10.98     2.64     0.38    10.94     8.85    11.21     3.93     5.53     4.50     7.23  
    Consumer                      4.71     9.71     8.59     7.78    21.46     1.14     9.08     6.01    -2.36    -0.25     6.79    -2.26    12.00  
    Real estate                  34.51     8.75     1.28    28.78    14.29    11.29    20.81    18.01    15.15   -26.65     8.78     1.36    -5.70  
    Business                     -2.32     3.19    -4.42     8.04   -18.32    -4.08     9.27     8.29    22.56    18.53     3.29    11.70     7.32  
                                             
Outstandings (billions of dollars)           
  Total                         762.38   766.59   767.65   774.68   776.38   776.62   783.71   789.48   796.86   799.47   803.15   806.16   811.02  
    Consumer                    306.65   309.13   311.34   313.36   318.96   319.27   321.68   323.29   322.66   322.59   324.41   323.80   327.04  
    Real estate                 111.90   112.72   112.84   115.54   116.92   118.02   120.07   121.87   123.41   120.67   121.55   121.69   121.11  
    Business                    343.83   344.74   343.47   345.78   340.50   339.34   341.96   344.32   350.80   356.21   357.19   360.67   362.87  
 
AUTO LOANS: TERMS OF CREDIT 3  
Percent except as noted; not seasonally adjusted            
  New car loans                
    Interest rate                 8.60     7.17     7.44     8.08     8.56     7.80     7.64     6.71     5.93     6.12     7.27     6.85     5.93  
    Maturity (months)             52.3     55.1     54.6     53.5     52.8     53.2     53.3     54.6     55.5     55.4     54.4     53.7     53.5  
    Loan-to-value ratio             90       92       92       90       91       93       93       94       93       93       92       91       92  
    Amount financed (dollars)   17,670   17,090   16,837   17,198   17,620   18,060   18,171   18,281   18,329   18,520   18,779   18,923   19,121  
 
  Used car loans               
    Interest rate                13.42    12.93    13.08    13.18    13.29    13.48    13.55    13.51    13.38    13.29    13.22    13.14    13.16  
    Maturity (months)             49.9     51.5     51.1     51.1     51.2     51.3     51.3     51.4     51.2     50.8     50.6     50.5     50.5  
    Loan-to-value ratio             99       99       99       99       99       99       99       99       99       99      101       99       99  
    Amount financed (dollars)   12,492   12,362   12,202   12,194   12,195   12,261   12,239   12,307   12,204   12,190   12,287   12,389   12,547   
 

  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
  1996 1997
  Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                 769.7  767.7  766.2   775.8   777.4   778.5   787.7   783.7   791.4   795.8   801.3   807.4   818.7
              
    Consumer                            310.6  310.6  309.9   311.8   316.4   318.3   321.8   322.2   322.4   323.3   324.3   325.5   331.1
      Motor vehicle loans                86.7   86.8   87.1    85.8    83.2    85.1    87.0    88.3    88.4    88.5    86.8    86.0    87.0
      Motor vehicle leases               92.5   93.6   94.3    95.6    96.7    97.3    98.5    99.3    98.3    96.1    95.9    96.4    96.8
      Revolving 4                        32.5   32.3   32.2    34.1    35.1    35.2    34.9    33.5    33.5    34.9    34.8    34.9    38.7
      Other 5                            33.2   34.4   34.0    34.0    34.3    34.7    34.8    34.7    35.2    35.0    35.3    35.5    34.4
      Securitized Assets 6                                                                          
        Motor vehicle loans              36.8   35.0   34.2    34.5    38.3    36.8    37.8    38.1    38.3    39.7    42.6    42.5    44.3
        Motor vehicle leases              8.7    8.6    8.5     8.4     9.4     9.3     9.2     9.0     8.9    10.0     9.9    11.0    10.8
        Revolving                         0.0    0.0    0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
        Other                            20.1   19.8   19.7    19.6    19.3    19.9    19.7    19.4    19.7    19.0    18.9    19.2    19.0
              
    Real estate                         111.9  112.7  112.8   115.5   116.9   118.0   120.1   121.9   123.4   120.7   121.5   121.7   121.1
      One- to four-family                52.1   53.2   53.8    53.3    55.0    54.9    54.5    57.0    59.1    56.6    58.5    59.4    59.0
      Other                              30.5   30.3   30.2    30.1    30.3    30.3    30.3    30.1    30.1    29.8    29.3    29.0    28.9
      Securitized real estate assets 6                                                              
        One- to four-family              28.9   28.9   28.5    31.8    31.3    32.5    35.0    34.4    33.9    34.0    33.5    33.0    33.0
        Other                             0.4    0.3    0.3     0.4     0.3     0.3     0.3     0.3     0.3     0.3     0.3     0.2     0.2
              
    Business                            347.2  344.4  343.4   348.5   344.1   342.2   345.9   339.6   345.6   351.8   355.5   360.2   366.6
      Motor vehicles                     67.1   68.4   71.0    73.8    71.7    70.4    70.7    63.6    65.2    67.4    61.2    62.0    63.7
        Retail loans                     25.1   24.9   25.0    25.1    24.6    24.4    25.2    24.4    25.4    26.0    26.5    26.3    25.6
        Wholesale loans 7                33.0   34.5   36.9    39.6    37.9    36.6    36.3    29.9    30.4    31.8    25.0    25.8    27.7
        Leases                            9.0    9.1    9.1     9.1     9.2     9.3     9.3     9.3     9.4     9.6     9.7     9.8    10.3
      Equipment                         194.8  191.9  190.8   192.1   189.9   188.0   188.8   191.3   194.9   199.0   198.5   198.9   204.0
        Loans                            59.9   56.1   54.5    55.0    53.8    52.3    52.6    51.7    51.3    51.9    50.3    49.6    51.7
        Leases                          134.9  135.8  136.3   137.1   136.1   135.6   136.2   139.6   143.6   147.1   148.2   149.4   152.3
      Other business receivables 8       47.6   47.7   48.3    49.3    49.6    50.3    52.2    51.8    53.0    53.1    54.7    54.0    51.1
      Securitized assets 6                                                                          
        Motor vehicles                   24.0   23.3   20.7    20.5    20.3    21.1    21.3    19.9    19.8    19.6    28.4    32.4    33.0
          Retail loans                    2.7    2.6    2.4     2.2     2.1     2.6     2.5     2.4     2.3     2.2     2.1     2.5     2.4
          Wholesale loans                21.3   20.7   18.3    18.2    18.2    18.5    18.7    17.4    17.5    17.4    26.3    29.8    30.5
          Leases                          0.0    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                        11.3   10.7   10.3    10.3     9.9     9.9    10.4    10.6    10.3    10.1    10.1    10.3    11.0
          Loans                           4.7    4.5    4.2     4.0     3.8     4.0     3.9     4.2     4.1     4.0     4.2     4.5     4.6
          Leases                          6.6    6.2    6.0     6.3     6.2     5.9     6.5     6.4     6.2     6.0     5.8     5.8     6.5
        Other business receivables 8      2.4    2.4    2.4     2.5     2.6     2.5     2.5     2.5     2.4     2.6     2.7     2.6     3.8 
 

  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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