Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: February 2, 2004
Release dates | Historical data
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G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                             November 2003                                                 January 2004

OWNED AND MANAGED RECEIVABLES 2
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                                                                             2002                            2003
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                                 1998    1999    2000    2001    2002     Q3      Q4      Q1      Q2     Q3 r    Sep r   Oct r   Nov p
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Seasonally Adjusted
Growth Rates (percent at an annual rate)
     Total                        10.2    13.6    15.8     4.6     2.2     2.9     2.4     2.1     0.5     9.0     7.0    14.6    -0.5
       Consumer 3                  7.2    10.7    15.2     9.2     0.8    -1.6    -5.0     2.2    -4.2    14.9    20.5    10.0   -15.3
       Real estate 4              15.9    15.8    14.3     4.4     4.2     9.5    16.5    -4.2    17.6    18.6     1.6    25.3     6.5
       Business                   11.1    15.5    17.0     0.6     2.9     4.8     4.3     4.4    -1.7    -0.6    -3.8    14.5    10.5

Outstandings (billions of dollars)
     Total                       907.0  1030.4  1193.3  1248.7  1276.6  1268.9  1276.6  1283.2  1284.8  1313.7  1313.7  1371.0  1370.4
       Consumer 3                370.0   409.7   472.0   515.2   519.1   525.7   519.1   522.0   516.5   535.7   535.7   540.2   533.3
       Real estate 4             150.3   174.0   198.9   207.7   216.5   207.9   216.5   214.2   223.6   234.0   234.0   280.3   281.8
       Business                  386.7   446.6   522.5   525.8   541.0   535.2   541.0   547.1   544.7   543.9   543.9   550.5   555.3
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AUTO LOANS: TERMS OF CREDIT 5
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Percent except as noted; not seasonally adjusted
  New car loans
     Interest rates               6.30    6.66    6.61    5.65    4.29    2.68    3.18    3.65    2.61    3.55    3.81    3.92    3.93
     Maturity (months)            52.1    52.7    54.9    55.1    56.8    58.9    57.4    59.1    61.1    63.0    63.2    63.5    62.9
     Loan-to-value ratio            92      92      92      91      94      96      96      96      97      94      94      94      94
     Amount financed (dollars)  19,083  19,880  20,923  22,822  24,747  25,959  26,283  25,486  27,468  25,733  25,663  26,067  26,306

  Used car loans
     Interest rates              12.64   12.60   13.55   12.18   10.74   10.50   10.59   10.32    9.85    9.57    9.36    9.17    9.08
     Maturity (months)            53.5    55.9    57.0    57.5    57.5    57.6    57.0    57.7    57.7    57.8    57.8    57.5    57.1
     Loan-to-value ratio            99      99      99     100     100     100     100      99      99     100     101     101     100
     Amount financed (dollars)  12,691  13,643  14,058  14,416  14,532  14,727  14,650  14,328  14,537  14,654  14,708  14,904  15,143

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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.  The level of consumer credit outstanding in 2000:Q4 includes previously unreported assets, and thus represents a break in
  this series.  The 2000:Q4 growth rate is adjusted to exclude these previously unreported assets.
  4.  The series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect
  of such breaks.
  5.  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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                                                                                    2002                            2003
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                                        1998    1999    2000    2001    2002     Q3      Q4      Q1      Q2     Q3 r    Sep r   Oct r   Nov p
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                 912.7  1036.4  1199.8  1255.3  1283.4  1264.3  1283.4  1285.2  1292.7  1309.3  1309.3  1368.0  1370.4

    Consumer 3                          372.5   412.8   475.9   519.7   523.9   526.5   523.9   518.2   516.2   536.3   536.3   540.5   538.2
      Motor vehicle loans               113.5   129.2   141.6   173.9   160.2   176.5   160.2   156.2   166.6   196.7   196.7   200.3   200.5
      Motor vehicle leases               96.6   102.9   108.2   103.5    83.3    88.5    83.3    81.8    76.7    75.4    75.4    73.2    71.6
      Revolving 6                        31.9    32.5    37.6    31.5    38.9    37.3    38.9    36.3    34.6    37.3    37.3    37.3    37.6
      Other 7                            37.9    39.9    41.3    32.7    38.7    35.9    38.7    40.9    43.1    50.1    50.1    50.3    50.3
      Securitized Assets 8
        Motor vehicle loans              54.8    73.1    97.1   131.9   151.9   138.9   151.9   152.1   146.5   129.6   129.6   132.6   130.7
        Motor vehicle leases             12.7     9.7     6.6     6.8     5.7     6.0     5.7     6.2     6.0     5.7     5.7     5.7     5.6
        Revolving                         5.5     6.7    27.5    25.0    31.1    29.1    31.1    30.7    29.5    28.9    28.9    28.7    29.4
        Other                            19.6    18.8    16.0    14.3    14.0    14.4    14.0    13.9    13.3    12.7    12.7    12.4    12.4

    Real estate                         150.3   174.0   198.9   207.7   216.5   207.9   216.5   214.2   223.6   234.0   234.0   280.3   281.8
      One- to four-family                90.0   108.2   130.6   120.1   135.0   126.5   135.0   133.9   142.5   151.8   151.8   195.4   196.8
      Other                              31.2    37.6    41.7    41.2    39.5    39.0    39.5    40.1    40.9    42.8    42.8    45.7    46.2
      Securitized real estate assets 8
        One- to four-family              29.0    28.0    24.7    40.7    39.7    40.1    39.7    39.2    38.4    37.6    37.6    37.4    37.1
        Other                             0.1     0.2     1.9     5.7     2.2     2.2     2.2     1.1     1.8     1.8     1.8     1.8     1.8

    Business                            389.9   449.6   525.0   527.9   543.0   530.0   543.0   552.8   552.9   539.0   539.0   547.2   550.4
      Motor vehicles                     64.8    69.4    75.5    54.0    60.7    56.9    60.7    65.3    69.9    62.2    62.2    62.1    69.1
        Retail loans                     19.5    21.1    18.3    16.1    15.4    17.6    15.4    16.3    17.2    18.1    18.1    16.1    17.6
        Wholesale loans 9                32.8    34.8    39.7    20.3    29.3    23.3    29.3    34.0    38.4    30.5    30.5    32.8    38.4
        Leases                           12.5    13.6    17.6    17.6    16.0    15.9    16.0    15.0    14.2    13.6    13.6    13.2    13.2
      Equipment                         212.2   238.7   283.5   289.4   292.1   289.2   292.1   287.5   283.4   278.2   278.2   279.5   277.0
        Loans                            59.2    64.5    70.2    77.8    83.3    82.8    83.3    78.0    77.5    73.1    73.1    73.8    73.4
        Leases                          153.0   174.2   213.3   211.6   208.8   206.4   208.8   209.5   205.9   205.1   205.1   205.7   203.6
      Other business receivables 10      63.9    87.0    99.4   103.5   102.5    99.4   102.5   101.1   102.6   105.1   105.1   112.5   111.6
      Securitized Assets 8
        Motor vehicles                   29.2    31.5    37.8    50.1    50.2    43.8    50.2    53.1    50.0    47.2    47.2    47.2    47.2
          Retail loans                    2.6     2.9     3.2     5.1     2.4     2.2     2.4     2.2     2.2     2.2     2.2     2.2     2.2
          Wholesale loans                24.7    26.4    32.5    42.5    45.9    39.3    45.9    48.6    45.6    42.8    42.8    42.8    42.8
          Leases                          1.9     2.1     2.2     2.5     1.9     2.3     1.9     2.2     2.1     2.1     2.1     2.1     2.1
        Equipment                        13.0    14.6    23.1    23.2    20.2    21.6    20.2    21.9    23.5    22.3    22.3    22.5    22.0
          Loans                           6.6     7.9    15.5    16.4    13.0    14.8    13.0    12.2    12.9    13.2    13.2    13.1    12.6
          Leases                          6.4     6.7     7.6     6.8     7.2     6.7     7.2     9.7    10.6     9.1     9.1     9.5     9.4
        Other business receivables 10     6.8     8.4     5.6     7.7    17.4    19.1    17.4    23.9    23.6    23.9    23.9    23.4    23.5
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    6.  Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
    7.  Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel,
   boats, and recreation vehicles.
    8.  Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
   the loan originator.
    9.  Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
   10.  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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