G.20 FINANCE COMPANIES 1 For immediate release February 2013 April 2013 Owned and Managed Receivables Outstanding 2 Seasonally adjusted. Billions of dollars except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2011 2012 2013 _______ _______________________________________ _______________ 2008 r 2009 r 2010 r 2011 r 2012 r Q4 r Q1 r Q2 r Q3 r Q4 r Dec r Jan r Feb p ---------------------------------------------------------------------------------------------------------------------------------------------- Total percent change (annual rate) 3 -7.4 -15.6 -6.7 -3.2 -0.1 2.6 -1.9 -0.7 0.6 1.8 3.6 -3.8 -1.1 Consumer -6.1 -16.1 -4.7 -1.3 2.0 3.3 2.3 -0.6 2.2 4.2 1.4 4.6 0.2 Real estate -12.6 -10.8 -12.9 -13.0 -10.7 -9.3 -15.8 -10.9 -11.0 -13.2 -4.1 -21.5 -12.3 Business -4.1 -19.1 -3.6 0.6 2.9 9.4 -0.7 5.6 2.9 3.5 11.2 -13.1 1.2 Total flow (annual rate) 4 -151.7 -298.3 -107.4 -49.4 -1.4 38.2 -28.1 -11.1 8.7 25.1 51.2 -55.1 -15.4 Consumer -54.7 -134.5 -33.3 -10.5 16.5 26.8 18.5 -5.1 17.6 35.0 11.8 38.7 1.4 Real estate -72.4 -54.2 -57.6 -41.2 -29.6 -26.4 -43.8 -29.0 -21.0 -24.7 -7.5 -38.7 -21.8 Business -24.7 -109.7 -16.5 2.4 11.8 37.8 -2.8 23.0 12.1 14.7 46.8 -55.1 5.0 Total outstanding 1911.9 1613.6 1553.1 1503.8 1435.6 1503.8 1496.7 1427.1 1429.3 1435.6 1435.6 1431.0 1429.7 Consumer 836.6 702.1 827.7 817.1 833.6 817.1 821.7 820.5 824.9 833.6 833.6 836.9 837.0 Real estate 502.0 447.9 317.8 276.6 180.1 276.6 265.7 191.5 186.3 180.1 180.1 176.9 175.1 Business 573.3 463.6 407.7 410.0 421.8 410.0 409.3 415.1 418.1 421.8 421.8 417.2 417.6 ---------------------------------------------------------------------------------------------------------------------------------------------- Auto Loans: Terms of Credit 5 Not seasonally adjusted. Percent except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 5.52 3.82 4.26 4.73 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 63.4 62.0 63.0 62.3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 91 90 86 80 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 26,178 28,272 27,959 26,673 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Used car loans Interest rates 8.74 9.41 8.16 7.73 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 59.8 59.2 62.6 64.5 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 98 101 96 96 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 16,664 16,225 18,124 18,723 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. ---------------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Levels) 2 (Billions of dollars) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2011 2012 2013 _______ _______________________________________ _______________ 2008 r 2009 r 2010 r 2011 r 2012 r Q4 r Q1 r Q2 r Q3 r Q4 r Dec r Jan r Feb p --------------------------------------------------------------------------------------------------------------------------------------- Total 1911.9 1613.6 1553.1 1503.8 1435.6 1503.8 1493.4 1418.0 1424.8 1435.6 1435.6 1426.1 1422.4 Consumer 836.6 702.1 827.7 817.1 833.6 817.1 813.9 814.8 823.6 833.6 833.6 832.4 829.3 Motor vehicle loans 246.2 213.5 277.4 276.9 298.3 276.9 280.3 287.0 294.9 298.3 298.3 299.5 299.8 Motor vehicle leases 108.8 83.5 111.8 119.7 144.0 119.7 124.2 129.9 137.2 144.0 144.0 146.4 147.6 Revolving 6 62.0 38.3 81.5 82.9 71.4 82.9 76.8 68.8 69.8 71.4 71.4 68.9 67.2 Other 7 253.2 229.0 346.0 328.1 311.1 328.1 323.6 320.1 312.8 311.1 311.1 308.8 306.0 Securitized assets 8 Motor vehicle loans 66.0 49.0 1.8 1.2 1.6 1.2 1.0 1.2 1.4 1.6 1.6 1.6 1.5 Motor vehicle 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 Revolving 59.2 53.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other 48.3 44.2 9.1 8.2 7.2 8.2 7.9 7.7 7.4 7.2 7.2 7.2 7.1 Real estate 502.0 447.9 317.8 276.6 180.1 276.6 269.4 192.8 188.6 180.1 180.1 178.9 177.2 One-to-four family 416.1 366.0 169.5 149.7 132.6 149.7 146.1 137.2 134.9 132.6 132.6 131.6 130.6 Other 66.8 64.3 74.0 61.8 47.6 61.8 60.6 55.5 53.6 47.6 47.6 47.3 46.6 Securitized assets 8 One-to-four family 16.7 15.5 74.1 65.0 0.0 65.0 62.6 0.0 0.0 0.0 0.0 0.0 0.0 Other 2.4 2.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Business 573.3 463.6 407.7 410.0 421.8 410.0 410.2 410.4 412.6 421.8 421.8 414.8 416.0 Motor vehicles 91.4 61.2 117.0 117.2 133.5 117.2 121.2 124.2 126.0 133.5 133.5 131.1 132.7 Retail loans 12.4 9.9 18.2 20.3 24.4 20.3 21.6 22.6 23.5 24.4 24.4 24.6 24.6 Wholesale loans 9 49.2 35.6 69.4 67.1 78.0 67.1 69.2 71.4 71.9 78.0 78.0 75.3 77.0 Leases 29.8 15.7 29.4 29.8 31.2 29.8 30.4 30.2 30.7 31.2 31.2 31.2 31.1 Equipment 325.1 281.1 210.4 206.9 203.4 206.9 205.0 203.5 203.6 203.4 203.4 202.0 202.6 Loans 100.2 79.6 118.3 119.4 120.6 119.4 120.5 120.1 121.0 120.6 120.6 120.2 121.1 Leases 224.9 201.5 92.1 87.5 82.8 87.5 84.6 83.5 82.6 82.8 82.8 81.9 81.5 Other business receivables 10 95.0 89.2 80.2 85.9 84.8 85.9 84.0 82.7 82.9 84.8 84.8 81.7 80.6 Securitized assets 8 61.8 32.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 --------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Flows) 2,4 (Billions of dollars, annual rate) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2011 2012 2013 _______ _______________________________________ _______________ 2008 r 2009 r 2010 r 2011 r 2012 r Q4 r Q1 r Q2 r Q3 r Q4 r Dec r Jan r Feb p --------------------------------------------------------------------------------------------------------------------------------------- Total -151.7 -298.3 -107.4 -49.4 -1.4 50.9 -41.2 -34.6 27.3 43.1 114.2 -113.1 -44.4 Consumer -54.7 -134.5 -33.3 -10.5 16.5 29.2 -13.1 3.6 35.2 40.3 41.8 -15.2 -37.2 Motor vehicle loans -19.1 -32.7 -14.6 -0.5 21.4 11.6 13.4 27.0 31.5 13.6 17.5 14.7 3.5 Motor vehicle leases -11.3 -25.3 -14.3 7.9 24.3 18.5 17.9 22.8 29.1 27.5 20.5 28.8 14.5 Revolving 6 -15.3 -23.8 0.5 1.4 -11.6 13.3 -24.4 -32.1 3.9 6.2 7.7 -29.4 -20.6 Other 7 17.8 -24.1 -8.1 -17.9 -17.0 -13.5 -18.0 -13.9 -29.1 -7.0 -7.4 -27.7 -33.3 Securitized assets 8 Motor vehicle loans -25.1 -17.0 -3.6 -0.5 0.4 0.3 -0.9 0.9 0.7 0.9 4.3 -0.7 -0.7 Motor vehicle leases -0.3 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Revolving 4.4 -5.7 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other -4.4 -4.0 -2.0 -0.9 -1.0 -1.0 -1.1 -1.1 -0.9 -0.8 -0.8 -0.9 -0.6 Real estate -72.4 -54.2 -57.6 -41.2 -29.6 -36.6 -28.9 -38.8 -16.7 -34.1 -28.8 -14.4 -20.7 One-to-four family -77.6 -50.1 -49.5 -19.8 -12.2 -22.0 -14.7 -15.4 -9.2 -9.4 -3.6 -11.0 -12.4 Other 10.6 -2.6 -5.9 -12.3 -14.2 -3.9 -4.7 -20.4 -7.5 -24.3 -24.0 -3.5 -8.3 Securitized assets 8 One-to-four family -5.1 -1.2 -2.2 -9.1 -3.1 -10.7 -9.5 -3.0 0.0 0.0 0.0 0.0 0.0 Other -0.3 -0.3 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 -0.4 -1.2 0.0 0.0 Business -24.7 -109.7 -16.5 2.4 11.8 58.3 0.7 0.7 8.9 36.8 101.3 -83.5 13.5 Motor vehicles -11.7 -30.3 -1.6 0.2 16.3 51.7 15.7 12.1 7.4 29.9 44.0 -29.7 19.5 Retail loans -3.5 -2.5 -1.9 2.2 4.0 3.7 4.9 4.2 3.6 3.4 6.7 2.5 0.5 Wholesale loans 9 -6.8 -13.7 0.9 -2.4 10.9 33.6 8.4 9.0 1.9 24.5 35.8 -32.1 19.9 Leases -1.4 -14.1 -0.6 0.4 1.3 14.5 2.4 -1.1 2.0 2.0 1.4 -0.1 -0.9 Equipment 2.7 -43.9 4.9 -3.5 -3.5 3.8 -7.7 -6.0 0.3 -0.7 14.1 -16.8 7.2 Loans -5.7 -20.6 18.3 1.1 1.2 10.6 4.1 -1.6 3.6 -1.5 12.5 -5.2 11.6 Leases 8.5 -23.3 -13.4 -4.6 -4.7 -6.8 -11.8 -4.4 -3.3 0.7 1.6 -11.5 -4.3 Other business receivables 10 -2.3 -5.8 -20.2 5.7 -1.0 2.8 -7.3 -5.5 1.1 7.6 43.2 -37.1 -13.2 Securitized assets 8 -13.4 -29.7 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 --------------------------------------------------------------------------------------------------------------------------------------- Footnotes 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. In addition, percent changes are at a simple annual rate and are calculated from unrounded data. 4. Flow data represent changes in the level of credit due to economic and financial activity, and exclude breaks in the data series due to changes in methodology, source data, and other technical aspects of the estimation that could affect the level of credit. 5. 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. 6. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. 7. 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. 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. Detailed historical data on securitized business receivables are available from the Data Download Program. 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. r=revised. p=preliminary. n.a.=not available.