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

Release Date: January 12, 1998

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
                                                            November 1997                                                 January 1998

OWNED AND MANAGED RECEIVABLES 2
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                                    1996                                                1997
                               _______________ _______________________________________________________________________________________

                                 Nov     Dec     Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov
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                                                                                           Seasonally Adjusted
Growth Rates (percent at annual rate)
  Total                           4.75    5.79    6.63    1.66   10.98    2.64    0.38   10.94    8.85   11.21    6.17    2.23    0.82
    Consumer                     -0.64    4.71    9.71    8.59    7.78   21.46    1.14    9.08    6.01   -2.36   -0.19    6.60   -6.96
    Real estate                   2.47   34.51    8.75    1.28   28.78   14.29   11.29   20.81   18.01   15.15  -26.65   12.60    2.65
    Business                     10.30   -2.32    3.19   -4.42    8.04  -18.32   -4.08    9.27    8.29   22.56   23.57   -5.21    7.29

Outstandings (billions of dollars)
  Total                         758.72  762.38  766.59  767.65  774.68  776.38  776.62  783.71  789.48  796.86  800.96  802.45  803.00
    Consumer                    305.45  306.65  309.13  311.34  313.36  318.96  319.27  321.68  323.29  322.66  322.61  324.38  322.50
    Real estate                 108.77  111.90  112.72  112.84  115.54  116.92  118.02  120.07  121.87  123.41  120.67  121.93  122.20
    Business                    344.50  343.83  344.74  343.47  345.78  340.50  339.34  341.96  344.32  350.80  357.69  356.14  358.30
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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                10.31    8.60    7.17    7.44    8.08    8.56    7.80    7.64    6.71    5.93    6.12    7.27    n.a.
    Maturity (months)             52.3    52.3    55.1    54.6    53.5    52.8    53.2    53.3    54.6    55.5    55.4    54.4    n.a.
    Loan-to-value ratio             90      90      92      92      90      91      93      93      94      93      93      92    n.a.
    Amount financed (dollars)   17,719  17,670  17,090  16,837  17,198  17,620  18,060  18,171  18,281  18,329  18,520  18,779    n.a.

  Used car loans
    Interest rate                13.56   13.42   12.93   13.08   13.18   13.29   13.48   13.55   13.51   13.38   13.29   13.22    n.a.
    Maturity (months)             50.3    49.9    51.5    51.1    51.1    51.2    51.3    51.3    51.4    51.2    50.8    50.6    n.a.
    Loan-to-value ratio            102      99      99      99      99      99      99      99      99      99      99     101    n.a.
    Amount financed (dollars)   12,393  12,492  12,362  12,202  12,194  12,195  12,261  12,239  12,307  12,204  12,190  12,287    n.a.
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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
                                      _______________ _______________________________________________________________________________________

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

  Total                                 759.8   769.7   767.7   766.2   775.8   777.4   778.5   787.7   783.7   791.4   797.3   800.6   804.2

    Consumer                            307.1   310.6   310.6   309.9   311.8   316.4   318.3   321.8   322.2   322.4   323.3   324.3   324.2
      Motor vehicle loans                87.6    86.7    86.8    87.1    85.8    83.2    85.1    87.0    88.3    88.4    88.5    86.8    86.6
      Motor vehicle leases               91.8    92.5    93.6    94.3    95.6    96.7    97.3    98.5    99.3    98.3    96.1    96.1    96.8
      Revolving 4                        29.9    32.5    32.3    32.2    34.1    35.1    35.2    34.9    33.5    33.5    34.9    34.5    34.4
      Other 5                            33.6    33.2    34.4    34.0    34.0    34.3    34.7    34.8    34.7    35.2    35.0    35.4    35.4
      Securitized Assets 6
        Motor vehicle loans              35.3    36.8    35.0    34.2    34.5    38.3    36.8    37.8    38.1    38.3    39.7    42.7    41.9
        Motor vehicle leases              8.8     8.7     8.6     8.5     8.4     9.4     9.3     9.2     9.0     8.9    10.0     9.9     9.8
        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                            20.2    20.1    19.8    19.7    19.6    19.3    19.9    19.7    19.4    19.7    19.0    18.9    19.2

    Real estate                         108.8   111.9   112.7   112.8   115.5   116.9   118.0   120.1   121.9   123.4   120.7   121.9   122.2
      One- to four-family                51.5    52.1    53.2    53.8    53.3    55.0    54.9    54.5    57.0    59.1    56.6    58.5    59.2
      Other                              31.1    30.5    30.3    30.2    30.1    30.3    30.3    30.3    30.1    30.1    29.8    29.7    29.8
      Securitized real estate assets 6
        One- to four-family              25.8    28.9    28.9    28.5    31.8    31.3    32.5    35.0    34.4    33.9    34.0    33.5    33.0
        Other                             0.4     0.4     0.3     0.3     0.4     0.3     0.3     0.3     0.3     0.3     0.3     0.3     0.2

    Business                            344.0   347.2   344.4   343.4   348.5   344.1   342.2   345.9   339.6   345.6   353.3   354.4   357.8
      Motor vehicles                     66.6    67.1    68.4    71.0    73.8    71.7    70.4    70.7    63.6    65.2    67.4    61.1    61.6
        Retail loans                     24.9    25.1    24.9    25.0    25.1    24.6    24.4    25.2    24.4    25.4    26.0    26.4    26.2
        Wholesale loans 7                32.9    33.0    34.5    36.9    39.6    37.9    36.6    36.3    29.9    30.4    31.8    25.0    25.8
        Leases                            8.7     9.0     9.1     9.1     9.1     9.2     9.3     9.3     9.3     9.4     9.6     9.7     9.7
      Equipment                         192.1   194.8   191.9   190.8   192.1   189.9   188.0   188.8   191.3   194.9   199.0   197.5   197.0
        Loans                            58.3    59.9    56.1    54.5    55.0    53.8    52.3    52.6    51.7    51.3    51.9    50.1    49.2
        Leases                          133.8   134.9   135.8   136.3   137.1   136.1   135.6   136.2   139.6   143.6   147.1   147.4   147.8
      Other business receivables 8       49.0    47.6    47.7    48.3    49.3    49.6    50.3    52.2    51.8    53.0    54.5    54.7    53.9
      Securitized assets 6
        Motor vehicles                   22.9    24.0    23.3    20.7    20.5    20.3    21.1    21.3    19.9    19.8    19.6    28.4    32.4
          Retail loans                    2.8     2.7     2.6     2.4     2.2     2.1     2.6     2.5     2.4     2.3     2.2     2.1     2.5
          Wholesale loans                20.0    21.3    20.7    18.3    18.2    18.2    18.5    18.7    17.4    17.5    17.4    26.3    29.8
          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                        11.1    11.3    10.7    10.3    10.3     9.9     9.9    10.4    10.6    10.3    10.1    10.1    10.3
          Loans                           4.6     4.7     4.5     4.2     4.0     3.8     4.0     3.9     4.2     4.1     4.0     4.2     4.5
          Leases                          6.4     6.6     6.2     6.0     6.3     6.2     5.9     6.5     6.4     6.2     6.0     5.8     5.8
        Other business receivables 8      2.4     2.4     2.4     2.4     2.5     2.6     2.5     2.5     2.5     2.4     2.6     2.7     2.6
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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: January 12, 1998