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

Release Date: September 17, 1997

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release  
                                                              July 1997                                                 September 1997

OWNED AND MANAGED RECEIVABLES 2
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                                                    1996                                                1997
                               _______________________________________________ _______________________________________________________

                                 Jul     Aug     Sep     Oct     Nov     Dec     Jan     Feb     Mar     Apr     May     Jun     Jul
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                                                                                           Seasonally Adjusted
Growth Rates (percent at annual rate)
  Total                           6.46   10.11   -0.92    4.68    4.75    5.79    6.63    1.66    9.66    2.70    0.45   10.81    7.82
    Consumer                     14.86    2.48    0.26   -2.20   -0.64    4.71    9.71    8.59    4.52   21.68    1.32    8.75   10.47
    Real estate                   3.95   33.44   12.98    3.75    2.47   34.51    8.75    1.28   28.78   14.29   11.29   20.81   17.26
    Business                     -0.29    9.83   -6.37   11.20   10.30   -2.32    3.19   -4.42    8.04  -18.32   -4.08    9.27    2.01

Outstandings (billions of dollars)
  Total                         747.07  753.37  752.79  755.72  758.72  762.38  766.59  767.65  773.83  775.58  775.87  782.86  787.96
    Consumer                    305.48  306.11  306.17  305.61  305.45  306.65  309.13  311.34  312.51  318.16  318.51  320.83  323.63
    Real estate                 104.15  107.05  108.21  108.55  108.77  111.90  112.72  112.84  115.54  116.92  118.02  120.07  121.79
    Business                    337.45  340.21  338.41  341.57  344.50  343.83  344.74  343.47  345.78  340.50  339.34  341.96  342.53
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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 rate                 9.81   10.49   10.52   10.40   10.31    8.60    7.17    7.44    8.08    8.56    7.80    7.64    6.71
    Maturity (months)             50.5    51.4    51.9    52.5    52.3    52.3    55.1    54.6    53.5    52.8    53.2    53.3    54.6
    Loan-to-value ratio             91      92      91      89      90      90      92      92      90      91      93      93      94
    Amount financed (dollars)   16,926  16,927  17,182  17,435  17,719  17,670  17,090  16,837  17,198  17,620  18,060  18,171  18,281

  Used car loans
    Interest rate                13.77   13.92   13.87   13.75   13.56   13.42   12.93   13.08   13.18   13.29   13.48   13.55   13.51
    Maturity (months)             51.7    51.3    51.0    51.1    50.3    49.9    51.5    51.1    51.1    51.2    51.3    51.3    51.4
    Loan-to-value ratio            100     100     100     101     102      99      99      99      99      99      99      99      99
    Amount financed (dollars)   12,242  12,132  12,108  12,326  12,393  12,492  12,362  12,202  12,194  12,195  12,261  12,239  12,283
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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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                                                           1996                                                1997
                                      _______________________________________________ _______________________________________________________

                                        Jul     Aug     Sep     Oct     Nov     Dec     Jan     Feb     Mar     Apr     May     Jun     Jul
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                 741.3   747.9   749.4   754.2   759.8   769.7   767.7   766.2   775.0   776.6   777.8   786.9   782.2

    Consumer                            304.2   305.7   306.8   305.7   307.1   310.6   310.6   309.9   311.0   315.6   317.5   320.9   322.6
      Motor vehicle loans                88.0    87.2    88.7    88.0    87.6    86.7    86.8    87.1    85.8    83.2    85.1    87.0    88.8
      Motor vehicle leases               88.1    88.9    89.9    91.4    91.8    92.5    93.6    94.3    95.6    96.7    97.3    98.5    99.5
      Revolving 4                        30.0    29.2    29.4    29.6    29.9    32.5    32.3    32.2    33.2    34.3    34.4    34.0    33.1
      Other 5                            37.9    38.3    36.5    33.8    33.6    33.2    34.4    34.0    34.0    34.3    34.7    34.8    34.7
      Securitized Assets 6
        Motor vehicle loans              35.8    37.2    36.2    35.8    35.3    36.8    35.0    34.2    34.5    38.3    36.8    37.8    38.0
        Motor vehicle leases              7.5     7.5     7.4     8.1     8.8     8.7     8.6     8.5     8.4     9.4     9.3     9.2     9.0
        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                            17.0    17.5    18.7    19.0    20.2    20.1    19.8    19.7    19.6    19.3    19.9    19.7    19.5

    Real estate                         104.2   107.1   108.2   108.5   108.8   111.9   112.7   112.8   115.5   116.9   118.0   120.1   121.8
      One- to four-family                48.7    50.7    50.4    51.6    51.5    52.1    53.2    53.8    53.3    55.0    54.9    54.5    56.8
      Other                              32.4    32.4    31.8    31.4    31.1    30.5    30.3    30.2    30.1    30.3    30.3    30.3    30.3
      Securitized real estate assets 6
        One- to four-family              23.1    23.5    25.6    25.1    25.8    28.9    28.9    28.5    31.8    31.3    32.5    35.0    34.4
        Other                             0.0     0.4     0.4     0.4     0.4     0.4     0.3     0.3     0.4     0.3     0.3     0.3     0.3

    Business                            332.9   335.1   334.4   339.9   344.0   347.2   344.4   343.4   348.5   344.1   342.2   345.9   337.8
      Motor vehicles                     60.0    62.3    64.7    65.3    66.6    67.1    68.4    71.0    73.8    71.7    70.4    70.7    63.6
        Retail loans                     24.9    25.1    25.3    25.5    24.9    25.1    24.9    25.0    25.1    24.6    24.4    25.2    24.4
        Wholesale loans 7                27.1    28.7    30.9    31.2    32.9    33.0    34.5    36.9    39.6    37.9    36.6    36.3    29.9
        Leases                            8.0     8.5     8.5     8.6     8.7     9.0     9.1     9.1     9.1     9.2     9.3     9.3     9.3
      Equipment                         193.9   193.0   190.8   189.7   192.1   194.8   191.9   190.8   192.1   189.9   188.0   188.8   188.3
        Loans                            55.6    53.3    53.9    56.7    58.3    59.9    56.1    54.5    55.0    53.8    52.3    52.6    51.7
        Leases                          138.3   139.7   136.8   133.0   133.8   134.9   135.8   136.3   137.1   136.1   135.6   136.2   136.6
      Other business receivables 8       44.8    46.6    45.9    49.6    49.0    47.6    47.7    48.3    49.3    49.6    50.3    52.2    51.6
      Securitized assets 6
        Motor vehicles                   23.2    22.1    22.0    21.9    22.9    24.0    23.3    20.7    20.5    20.3    21.1    21.3    19.9
          Retail loans                    1.8     1.7     1.6     1.5     2.8     2.7     2.6     2.4     2.2     2.1     2.6     2.5     2.4
          Wholesale loans                21.4    20.3    20.3    20.4    20.0    21.3    20.7    18.3    18.2    18.2    18.5    18.7    17.4
          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                         8.6     8.6     8.5    11.0    11.1    11.3    10.7    10.3    10.3     9.9     9.9    10.4    12.0
          Loans                           4.6     4.6     4.5     4.2     4.6     4.7     4.5     4.2     4.0     3.8     4.0     3.9     4.2
          Leases                          4.0     4.1     4.1     6.7     6.4     6.6     6.2     6.0     6.3     6.2     5.9     6.5     7.8
        Other business receivables 8      2.5     2.5     2.5     2.4     2.4     2.4     2.4     2.4     2.5     2.6     2.5     2.5     2.5
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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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Last update: September 17, 1997