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

Release Date: February 19, 1998

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
                                                            December 1997                                                February 1998

OWNED AND MANAGED RECEIVABLES 2
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                                1996                                                1997
                               _______ _______________________________________________________________________________________________

                                 Dec     Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec
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                                                                                           Seasonally Adjusted
Growth Rates (percent at annual rate)
  Total                           5.79    6.63    1.66   10.98    2.64    0.38   10.94    8.85   11.21    3.93    5.53    4.50    7.23
    Consumer                      4.71    9.71    8.59    7.78   21.46    1.14    9.08    6.01   -2.36   -0.25    6.79   -2.26   12.00
    Real estate                  34.51    8.75    1.28   28.78   14.29   11.29   20.81   18.01   15.15  -26.65    8.78    1.36   -5.70
    Business                     -2.32    3.19   -4.42    8.04  -18.32   -4.08    9.27    8.29   22.56   18.53    3.29   11.70    7.32

Outstandings (billions of dollars)
  Total                         762.38  766.59  767.65  774.68  776.38  776.62  783.71  789.48  796.86  799.47  803.15  806.16  811.02
    Consumer                    306.65  309.13  311.34  313.36  318.96  319.27  321.68  323.29  322.66  322.59  324.41  323.80  327.04
    Real estate                 111.90  112.72  112.84  115.54  116.92  118.02  120.07  121.87  123.41  120.67  121.55  121.69  121.11
    Business                    343.83  344.74  343.47  345.78  340.50  339.34  341.96  344.32  350.80  356.21  357.19  360.67  362.87
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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                 8.60    7.17    7.44    8.08    8.56    7.80    7.64    6.71    5.93    6.12    7.27    6.85    5.93
    Maturity (months)             52.3    55.1    54.6    53.5    52.8    53.2    53.3    54.6    55.5    55.4    54.4    53.7    53.5
    Loan-to-value ratio             90      92      92      90      91      93      93      94      93      93      92      91      92
    Amount financed (dollars)   17,670  17,090  16,837  17,198  17,620  18,060  18,171  18,281  18,329  18,520  18,779  18,923  19,121

  Used car loans
    Interest rate                13.42   12.93   13.08   13.18   13.29   13.48   13.55   13.51   13.38   13.29   13.22   13.14   13.16
    Maturity (months)             49.9    51.5    51.1    51.1    51.2    51.3    51.3    51.4    51.2    50.8    50.6    50.5    50.5
    Loan-to-value ratio             99      99      99      99      99      99      99      99      99      99     101      99      99
    Amount financed (dollars)   12,492  12,362  12,202  12,194  12,195  12,261  12,239  12,307  12,204  12,190  12,287  12,389  12,547
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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
                                      _______ _______________________________________________________________________________________________

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

  Total                                 769.7   767.7   766.2   775.8   777.4   778.5   787.7   783.7   791.4   795.8   801.3   807.4   818.7

    Consumer                            310.6   310.6   309.9   311.8   316.4   318.3   321.8   322.2   322.4   323.3   324.3   325.5   331.1
      Motor vehicle loans                86.7    86.8    87.1    85.8    83.2    85.1    87.0    88.3    88.4    88.5    86.8    86.0    87.0
      Motor vehicle leases               92.5    93.6    94.3    95.6    96.7    97.3    98.5    99.3    98.3    96.1    95.9    96.4    96.8
      Revolving 4                        32.5    32.3    32.2    34.1    35.1    35.2    34.9    33.5    33.5    34.9    34.8    34.9    38.7
      Other 5                            33.2    34.4    34.0    34.0    34.3    34.7    34.8    34.7    35.2    35.0    35.3    35.5    34.4
      Securitized Assets 6
        Motor vehicle loans              36.8    35.0    34.2    34.5    38.3    36.8    37.8    38.1    38.3    39.7    42.6    42.5    44.3
        Motor vehicle leases              8.7     8.6     8.5     8.4     9.4     9.3     9.2     9.0     8.9    10.0     9.9    11.0    10.8
        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                            20.1    19.8    19.7    19.6    19.3    19.9    19.7    19.4    19.7    19.0    18.9    19.2    19.0

    Real estate                         111.9   112.7   112.8   115.5   116.9   118.0   120.1   121.9   123.4   120.7   121.5   121.7   121.1
      One- to four-family                52.1    53.2    53.8    53.3    55.0    54.9    54.5    57.0    59.1    56.6    58.5    59.4    59.0
      Other                              30.5    30.3    30.2    30.1    30.3    30.3    30.3    30.1    30.1    29.8    29.3    29.0    28.9
      Securitized real estate assets 6
        One- to four-family              28.9    28.9    28.5    31.8    31.3    32.5    35.0    34.4    33.9    34.0    33.5    33.0    33.0
        Other                             0.4     0.3     0.3     0.4     0.3     0.3     0.3     0.3     0.3     0.3     0.3     0.2     0.2

    Business                            347.2   344.4   343.4   348.5   344.1   342.2   345.9   339.6   345.6   351.8   355.5   360.2   366.6
      Motor vehicles                     67.1    68.4    71.0    73.8    71.7    70.4    70.7    63.6    65.2    67.4    61.2    62.0    63.7
        Retail loans                     25.1    24.9    25.0    25.1    24.6    24.4    25.2    24.4    25.4    26.0    26.5    26.3    25.6
        Wholesale loans 7                33.0    34.5    36.9    39.6    37.9    36.6    36.3    29.9    30.4    31.8    25.0    25.8    27.7
        Leases                            9.0     9.1     9.1     9.1     9.2     9.3     9.3     9.3     9.4     9.6     9.7     9.8    10.3
      Equipment                         194.8   191.9   190.8   192.1   189.9   188.0   188.8   191.3   194.9   199.0   198.5   198.9   204.0
        Loans                            59.9    56.1    54.5    55.0    53.8    52.3    52.6    51.7    51.3    51.9    50.3    49.6    51.7
        Leases                          134.9   135.8   136.3   137.1   136.1   135.6   136.2   139.6   143.6   147.1   148.2   149.4   152.3
      Other business receivables 8       47.6    47.7    48.3    49.3    49.6    50.3    52.2    51.8    53.0    53.1    54.7    54.0    51.1
      Securitized assets 6
        Motor vehicles                   24.0    23.3    20.7    20.5    20.3    21.1    21.3    19.9    19.8    19.6    28.4    32.4    33.0
          Retail loans                    2.7     2.6     2.4     2.2     2.1     2.6     2.5     2.4     2.3     2.2     2.1     2.5     2.4
          Wholesale loans                21.3    20.7    18.3    18.2    18.2    18.5    18.7    17.4    17.5    17.4    26.3    29.8    30.5
          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                        11.3    10.7    10.3    10.3     9.9     9.9    10.4    10.6    10.3    10.1    10.1    10.3    11.0
          Loans                           4.7     4.5     4.2     4.0     3.8     4.0     3.9     4.2     4.1     4.0     4.2     4.5     4.6
          Leases                          6.6     6.2     6.0     6.3     6.2     5.9     6.5     6.4     6.2     6.0     5.8     5.8     6.5
        Other business receivables 8      2.4     2.4     2.4     2.5     2.6     2.5     2.5     2.5     2.4     2.6     2.7     2.6     3.8
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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: February 19, 1998