Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: May 02, 2016
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G.20                                                         FINANCE COMPANIES 1                                         For immediate release
                                                                February 2016                                                         May 2016

Owned and Managed Receivables Outstanding 2
Seasonally adjusted. Billions of dollars except as noted.
----------------------------------------------------------------------------------------------------------------------------------------------
                                                        Year                                   Quarter                          Month
                                       --------------------------------------- --------------------------------------- -----------------------
                                                                                2014                    2015                        2016
                                                                               _______ _______________________________________ _______________

                                        2011    2012    2013   2014 r  2015 r   Q4 r    Q1 r    Q2 r    Q3 r    Q4 r    Dec r   Jan r   Feb p
----------------------------------------------------------------------------------------------------------------------------------------------
 Total percent change (annual rate) 3    -3.3    -0.2     1.1     1.8     0.4     4.6     2.2     0.1     2.4    -3.2    -7.7     3.7     1.6
  Consumer                               -1.3     2.0     2.7     3.2     2.3     5.1     3.2     3.2     4.4    -1.7    -3.7     2.8     0.1
  Real estate                           -13.0   -10.8   -12.5    -5.7   -19.3     4.5   -11.3   -28.5   -22.7   -20.8   -43.1    -8.7   -13.4
  Business                                0.8     3.0     3.7     2.0     3.3     3.5     4.9     3.5     6.1    -1.1    -6.0     9.1     9.0

 Total flow (annual rate) 4             -49.4    -2.8    14.8    26.0     5.4    65.5    31.3     1.7    34.7   -46.1  -112.1    53.5    23.8
  Consumer                              -10.9    15.9    22.9    27.0    20.3    44.7    28.1    28.4    39.7   -15.1   -33.2    25.2     1.2
  Real estate                           -41.5   -30.0   -22.5    -8.9   -28.6     6.5   -16.8   -41.0   -30.3   -26.2   -53.4   -10.4   -15.9
  Business                                3.0    11.2    14.4     8.0    13.7    14.3    19.9    14.3    25.3    -4.8   -25.5    38.7    38.4

 Total outstanding                     1468.8  1399.1  1413.9  1439.9  1445.3  1439.9  1447.8  1448.2  1456.8  1445.3  1445.3  1449.8  1451.8
  Consumer                              816.7   832.7   855.5   882.6   902.8   882.6   889.6   896.7   906.6   902.8   902.8   904.9   905.0
  Real estate                           276.3   179.5   157.0   148.1   119.5   148.1   143.9   133.6   126.1   119.5   119.5   118.7   117.3
  Business                              375.8   387.0   401.3   409.3   423.0   409.3   414.3   417.8   424.2   423.0   423.0   426.2   429.4
----------------------------------------------------------------------------------------------------------------------------------------------

Auto Loans: Terms of Credit 5
Not seasonally adjusted.
----------------------------------------------------------------------------------------------------------------------------------------------
New car loans
  Interest rates (percent)                4.4     4.6     4.7     4.9     5.1     4.8     5.2     5.4     4.9     5.0     5.0    n.a.    n.a.
  Maturity (months)                        61      62      63      64      65      65      65      65      66      65      65    n.a.    n.a.
  Amount financed (dollars)            25,121  25,341  25,586  26,288  27,472  26,755  27,272  26,932  27,698  27,986  27,986    n.a.    n.a.

Used car loans
  Interest rates (percent)               11.5    12.4    12.9    13.3    14.1    13.1    14.2    14.6    14.0    13.9    13.9    n.a.    n.a.
  Maturity (months)                        56      57      59      59      60      60      60      61      61      60      60    n.a.    n.a.
  Amount financed (dollars)            17,091  16,902  17,101  17,263  16,977  17,305  16,760  16,963  17,248  16,938  16,938    n.a.    n.a.
----------------------------------------------------------------------------------------------------------------------------------------------



Owned and Managed Receivables Outstanding (Levels) 2
(Billions of dollars)
Not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
                                                 Year                                   Quarter                          Month
                                --------------------------------------- --------------------------------------- -----------------------
                                                                         2014                    2015                        2016
                                                                        _______ _______________________________________ _______________

                                 2011    2012    2013   2014 r  2015 r   Q4 r    Q1 r    Q2 r    Q3 r    Q4 r    Dec r   Jan r   Feb p
---------------------------------------------------------------------------------------------------------------------------------------

Total                           1468.8  1399.1  1413.9  1439.9  1445.3  1439.9  1435.4  1439.0  1454.4  1445.3  1445.3  1437.0  1434.1

Consumer                         816.7   832.7   855.5   882.6   902.8   882.6   880.4   890.9   905.9   902.8   902.8   901.0   896.0
 Motor vehicle loans             276.9   298.2   313.5   326.9   340.9   326.9   328.7   334.8   343.5   340.9   340.9   340.0   338.5
 Motor vehicle leases            119.7   144.0   167.3   188.9   212.5   188.9   193.3   199.2   206.9   212.5   212.5   213.7   214.7
 Revolving 6                      82.9    71.4    67.1    60.3    54.9    60.3    56.8    57.5    57.6    54.9    54.9    54.8    53.5
 Other 7                         327.7   310.2   298.6   296.9   285.3   296.9   292.0   289.8   288.2   285.3   285.3   283.4   280.2
 Securitized assets 8
  Motor vehicle loans              1.2     1.6     2.7     3.9     4.3     3.9     4.2     4.4     4.7     4.3     4.3     4.3     4.3
  Motor vehicle 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
  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                            8.2     7.2     6.4     5.6     4.9     5.6     5.4     5.2     5.1     4.9     4.9     4.9     4.8

Real estate                      276.3   179.5   157.0   148.1   119.5   148.1   144.9   134.0   127.9   119.5   119.5   119.0   118.3
  One-to-four family             149.7   132.6   114.7   104.6    89.8   104.6   101.1    96.6    92.9    89.8    89.8    89.4    89.1
  Other                           61.5    46.9    42.3    43.5    29.8    43.5    43.7    37.5    35.0    29.8    29.8    29.6    29.2
  Securitized assets 8
   One-to-four family             65.0     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                           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

Business                         375.8   387.0   401.3   409.3   423.0   409.3   410.2   414.1   420.6   423.0   423.0   416.9   419.8
 Motor vehicles                  114.3   129.9   143.0   150.9   154.4   150.9   152.7   156.3   154.0   154.4   154.4   153.0   154.9
  Retail loans                    20.3    24.4    28.1    30.0    26.4    30.0    29.4    31.0    31.7    26.4    26.4    26.4    26.3
  Wholesale loans 9               67.1    78.0    86.2    88.6    95.9    88.6    90.8    92.0    88.8    95.9    95.9    95.4    97.1
  Leases                          26.9    27.6    28.8    32.4    32.2    32.4    32.4    33.3    33.5    32.2    32.2    31.2    31.4
 Equipment                       175.7   172.6   172.4   171.7   168.6   171.7   169.6   167.6   168.4   168.6   168.6   166.4   167.9
  Loans                          105.3   106.1   110.1   115.5   118.2   115.5   115.2   114.7   116.2   118.2   118.2   119.6   121.3
  Leases                          70.4    66.5    62.3    56.2    50.4    56.2    54.5    52.9    52.2    50.4    50.4    46.8    46.6
 Other business receivables 10    85.8    84.5    85.9    86.7   100.0    86.7    87.8    90.2    98.3   100.0   100.0    97.5    97.0
 Securitized assets 8              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
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Owned and Managed Receivables Outstanding (Flows) 2,4
(Billions of dollars, annual rate)
Not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
                                                 Year                                   Quarter                          Month
                                --------------------------------------- --------------------------------------- -----------------------
                                                                         2014                    2015                        2016
                                                                        _______ _______________________________________ _______________

                                 2011    2012    2013   2014 r  2015 r   Q4 r    Q1 r    Q2 r    Q3 r    Q4 r    Dec r   Jan r   Feb p
---------------------------------------------------------------------------------------------------------------------------------------

Total                            -49.4    -2.8    14.8    26.0     5.4    79.0   -18.2    14.4    61.8   -36.5   -48.0  -100.2   -33.9

Consumer                         -10.9    15.9    22.9    27.0    20.3    48.9    -8.8    42.0    60.2   -12.4   -16.5   -21.7   -59.8
 Motor vehicle loans              -0.5    21.2    15.3    13.4    14.0     5.5     7.3    24.2    34.8   -10.3    -4.9   -10.7   -18.5
 Motor vehicle leases              7.9    24.3    23.3    21.6    23.5    18.3    17.5    23.4    30.8    22.3    22.8    15.1    12.4
 Revolving 6                       1.4   -11.6    -4.3    -6.8    -5.4    -1.9   -14.0     2.8     0.4   -10.7   -15.9    -2.1   -14.6
 Other 7                         -18.3   -17.4   -11.7    -1.6   -11.6    26.3   -19.8    -8.7    -6.5   -11.4   -16.3   -23.3   -38.3
 Securitized assets 8
  Motor vehicle loans             -0.5     0.4     1.1     1.2     0.4     1.4     1.1     0.8     1.4    -1.7    -1.6     0.0     0.0
  Motor vehicle 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
  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                           -0.9    -1.0    -0.9    -0.7    -0.7    -0.7    -0.8    -0.7    -0.7    -0.7    -0.7    -0.7    -0.7

Real estate                      -41.5   -30.0   -22.5    -8.9   -28.6    -0.4   -12.9   -43.3   -24.7   -33.4   -59.2    -5.8    -9.0
  One-to-four family             -19.8   -12.2   -17.8   -10.1   -14.9    -8.2   -13.9   -18.3   -14.9   -12.4    -4.1    -3.9    -4.6
  Other                          -12.5   -14.6    -4.6     1.2   -13.7     7.8     1.0   -25.1    -9.8   -21.0   -55.1    -1.9    -4.4
  Securitized assets 8
   One-to-four family             -9.1    -3.1     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
   Other                           0.0    -0.1     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0

Business                           3.0    11.2    14.4     8.0    13.7    30.5     3.5    15.7    26.2     9.3    27.7   -72.8    34.8
 Motor vehicles                    0.4    15.6    13.1     7.9     3.5    32.0     7.2    14.4    -9.4     1.9   -37.2   -16.8    21.9
  Retail loans                     2.2     4.0     3.7     1.9    -3.6     2.0    -2.0     6.0     2.9   -21.2   -70.5    -0.3    -0.1
  Wholesale loans 9               -2.4    10.9     8.2     2.4     7.3    27.4     9.0     4.7   -13.0    28.5    23.4    -5.2    19.4
  Leases                           0.6     0.7     1.2     3.6    -0.2     2.6     0.3     3.7     0.7    -5.4     9.9   -11.3     2.6
 Equipment                        -3.0    -3.1    -0.2    -0.7    -3.1     0.3    -8.3    -8.1     3.3     0.7    11.3   -26.3    18.3
  Loans                            0.9     0.8     4.0     5.5     2.6    11.2    -1.5    -2.1     6.2     7.8    30.3    16.9    21.1
  Leases                          -3.8    -3.9    -4.2    -6.1    -5.7   -10.9    -6.8    -6.1    -2.9    -7.2   -19.0   -43.3    -2.8
 Other business receivables 10     5.6    -1.3     1.5     0.8    13.3    -1.8     4.5     9.5    32.4     6.7    53.6   -29.6    -5.3
 Securitized assets 8              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
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 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. Covers most of the captive and non-captive finance companies. The series of finance company car loan terms included in previous
       releases are discontinued. They remain available from the Data Download Program.
    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.




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