Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: January 24, 2003
Release dates | Historical data
Current release  Other formats:  Screen reader | ASCII | PDF (17KB)
G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                             November 2002                                                 January 2003

OWNED AND MANAGED RECEIVABLES 2
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                                                                             2001                            2002
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                                 1997    1998    1999    2000    2001     Q3      Q4      Q1      Q2      Q3      Sep    Oct r   Nov p
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Seasonally Adjusted
Growth Rates (percent at an annual rate)
     Total                         7.5    10.3    13.6    15.1     5.2     3.6     0.5    -2.8     6.0     3.6     0.3    -2.2     5.1
       Consumer                   10.3     7.3    10.8    13.4    10.6     3.9    15.0     3.1     4.9    -2.1    -1.3   -11.7    -6.3
       Real estate                13.0    15.9    15.8    14.3     4.4     8.8   -10.2   -18.1     9.7     9.5    -9.8    21.4    13.1
       Business                    3.0    11.1    15.5    17.0     0.6     1.4    -8.5    -2.6     5.7     6.9     5.9    -2.1    13.0

Outstandings (billions of dollars)
     Total                       822.9   907.3  1031.1  1187.0  1248.5  1246.8  1248.5  1239.7  1258.3  1269.5  1269.5  1267.2  1272.6
       Consumer                  345.0   370.1   410.2   465.2   514.6   496.1   514.6   518.7   525.0   522.2   522.2   517.2   514.4
       Real estate               129.7   150.3   174.0   198.9   207.7   213.1   207.7   198.3   203.1   207.9   207.9   211.6   213.9
       Business                  348.2   386.9   446.9   522.8   526.2   537.6   526.2   522.7   530.2   539.4   539.4   538.4   544.2
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AUTO LOANS: TERMS OF CREDIT 3
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Percent except as noted; not seasonally adjusted
  New car loans
     Interest rates               7.12    6.30    6.66    6.61    5.65    6.01    2.97    5.32    5.97    2.68    2.29    2.79    3.31
     Maturity (months)            54.1    52.1    52.7    54.9    55.1    57.4    51.1    53.9    57.3    58.9    58.4    57.2    57.2
     Loan-to-value ratio            92      92      92      92      91      92      92      90      92      96      97      96      95
     Amount financed (dollars)  18,077  19,083  19,880  20,923  22,822  22,775  24,729  23,314  23,432  25,959  26,331  26,232  26,266

  Used car loans
     Interest rates              13.27   12.64   12.60   13.55   12.18   11.96   11.09   11.03   10.85   10.50   10.44   10.67   10.49
     Maturity (months)            51.0    53.5    55.9    57.0    57.5    57.6    56.8    57.6    57.7    57.6    57.5    57.3    56.9
     Loan-to-value ratio            99      99      99      99     100     100     100     100     101     100     100     100     100
     Amount financed (dollars)  12,281  12,691  13,642  14,058  14,416  14,434  14,649  14,184  14,565  14,727  14,801  14,645  14,523

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  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
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                                                                                   2001                            2002
                                                                              _______________ _______________________________________________

                                       1997    1998    1999    2000    2001     Q3      Q4      Q1      Q2      Q3      Sep    Oct r   Nov p
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                828.7   912.7  1036.4  1192.2  1253.7  1239.6  1253.7  1244.4  1264.4  1262.2  1262.2  1262.0  1266.6

    Consumer                           347.3   372.5   412.7   468.3   518.1   498.1   518.1   514.3   524.9   524.3   524.3   518.9   517.7
      Motor vehicle loans               93.3   113.5   129.2   141.6   173.9   151.6   173.9   171.9   170.3   176.5   176.5   169.9   160.3
      Motor vehicle leases              98.8    96.6   102.9   108.2   103.5   108.3   103.5    97.5    96.4    88.5    88.5    86.7    85.2
      Revolving 4                       37.0    31.9    32.5    37.6    31.5    36.0    31.5    28.0    32.1    37.3    37.3    37.4    37.2
      Other 5                           37.3    37.9    39.8    40.7    31.1    33.4    31.1    32.4    33.2    32.3    32.3    31.3    31.4
      Securitized Assets 6
        Motor vehicle loans             44.3    54.8    73.1    97.1   131.9   117.5   131.9   136.4   142.4   138.9   138.9   144.1   153.5
        Motor vehicle leases            10.8    12.7     9.7     6.6     6.8     7.0     6.8     6.5     6.2     6.0     6.0     5.9     5.8
        Revolving                        5.1     5.5     6.7    19.6    25.0    29.3    25.0    26.5    29.2    30.5    30.5    29.2    30.2
        Other                           20.8    19.6    18.8    17.1    14.3    15.0    14.3    15.1    15.0    14.4    14.4    14.4    14.2

    Real estate                        129.7   150.3   174.0   198.9   207.7   213.1   207.7   198.3   203.1   207.9   207.9   211.6   213.9
      One- to four-family               67.5    90.0   108.2   130.6   120.1   144.8   120.1   120.4   121.8   126.5   126.5   130.5   132.8
      Other                             29.0    31.2    37.6    41.7    41.2    42.6    41.2    36.8    38.7    39.0    39.0    38.8    39.0
      Securitized real estate assets 6
        One- to four-family             33.0    29.0    28.0    24.7    40.7    22.8    40.7    39.7    40.9    40.1    40.1    40.1    39.9
        Other                            0.2     0.1     0.2     1.9     5.7     2.9     5.7     1.4     1.7     2.2     2.2     2.2     2.2

    Business                           351.7   389.9   449.6   525.0   527.9   528.4   527.9   531.9   536.5   530.0   530.0   531.5   535.0
      Motor vehicles                    58.7    64.8    69.4    75.5    54.0    57.8    54.0    58.0    59.9    56.9    56.9    57.4    60.3
        Retail loans                    20.4    19.5    21.1    18.3    16.1    16.7    16.1    17.1    17.0    17.6    17.6    18.1    17.7
        Wholesale loans 7               27.8    32.8    34.8    39.7    20.3    23.6    20.3    22.8    25.8    23.3    23.3    23.5    26.7
        Leases                          10.5    12.5    13.6    17.6    17.6    17.5    17.6    18.0    17.1    15.9    15.9    15.9    15.9
      Equipment                        198.0   212.2   238.7   283.5   289.4   288.2   289.4   284.2   288.0   289.2   289.2   287.2   286.0
        Loans                           56.8    59.2    64.5    70.2    77.8    76.8    77.8    81.5    78.9    82.8    82.8    80.9    80.2
        Leases                         141.2   153.0   174.2   213.3   211.6   211.4   211.6   202.7   209.2   206.4   206.4   206.4   205.8
      Other business receivables 8      47.5    63.9    87.0    99.4   103.5   105.1   103.5   100.8   101.5    99.4    99.4    96.7    95.3
      Securitized Assets 6
        Motor vehicles                  33.0    29.2    31.5    37.8    50.1    48.0    50.1    44.0    45.5    43.8    43.8    47.0    49.9
          Retail loans                   2.4     2.6     2.9     3.2     5.1     2.6     5.1     2.3     2.4     2.2     2.2     1.9     2.1
          Wholesale loans               30.5    24.7    26.4    32.5    42.5    42.8    42.5    39.0    40.8    39.3    39.3    42.8    45.6
          Leases                         0.0     1.9     2.1     2.2     2.5     2.7     2.5     2.7     2.3     2.3     2.3     2.3     2.3
        Equipment                       10.7    13.0    14.6    23.1    23.2    23.1    23.2    25.4    21.7    21.6    21.6    23.9    24.3
          Loans                          4.2     6.6     7.9    15.5    16.4    15.1    16.4    18.5    15.0    14.8    14.8    17.2    17.6
          Leases                         6.5     6.4     6.7     7.6     6.8     8.0     6.8     6.9     6.7     6.7     6.7     6.7     6.7
        Other business receivables 8     4.0     6.8     8.4     5.6     7.7     6.1     7.7    19.5    19.9    19.1    19.1    19.2    19.2
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  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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