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

Release Date: March 17, 1998

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release  
                                                             January 1998                                                   March 1998

OWNED AND MANAGED RECEIVABLES 2
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                                                                            1997                                                1998
                               _______________________________________________________________________________________________ _______

                                 Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec     Jan
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                                                                                           Seasonally Adjusted
Growth Rates (percent at annual rate)
  Total                           6.63    1.66   10.98    2.64    0.38   10.94    8.85   11.21    3.22    5.51    4.47    7.29    2.76
    Consumer                      9.71    8.59    7.78   21.46    1.14    9.08    6.01   -2.36   -0.32    6.65   -2.40   11.86   -4.68
    Real estate                   8.75    1.28   28.78   14.29   11.29   20.81   18.01   15.15  -26.65    8.78    1.36   -5.73   10.04
    Business                      3.19   -4.42    8.04  -18.32   -4.08    9.27    8.29   22.56   16.98    3.37   11.79    7.57    7.04

Outstandings (billions of dollars)
  Total                         766.59  767.65  774.68  776.38  776.62  783.71  789.48  796.86  799.00  802.67  805.66  810.55  812.42
    Consumer                    309.13  311.34  313.36  318.96  319.27  321.68  323.29  322.66  322.57  324.36  323.71  326.91  325.64
    Real estate                 112.72  112.84  115.54  116.92  118.02  120.07  121.87  123.41  120.67  121.55  121.69  121.11  122.12
    Business                    344.74  343.47  345.78  340.50  339.34  341.96  344.32  350.80  355.76  356.76  360.27  362.54  364.67
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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                 7.17    7.44    8.08    8.56    7.80    7.64    6.71    5.93    6.12    7.27    6.85    5.93    6.12
    Maturity (months)             55.1    54.6    53.5    52.8    53.2    53.3    54.6    55.5    55.4    54.4    53.7    53.5    52.8
    Loan-to-value ratio             92      92      90      91      93      93      94      93      93      92      91      92      92
    Amount financed (dollars)   17,090  16,837  17,198  17,620  18,060  18,171  18,281  18,329  18,520  18,779  18,923  19,121  18,944

  Used car loans
    Interest rate                12.93   13.08   13.18   13.29   13.48   13.55   13.51   13.38   13.29   13.22   13.14   13.16   12.77
    Maturity (months)             51.5    51.1    51.1    51.2    51.3    51.3    51.4    51.2    50.8    50.6    50.5    50.5    52.2
    Loan-to-value ratio             99      99      99      99      99      99      99      99      99     101      99      99      98
    Amount financed (dollars)   12,362  12,202  12,194  12,195  12,261  12,239  12,307  12,204  12,190  12,287  12,389  12,547  12,391
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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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                                                                                   1997                                                1998
                                      _______________________________________________________________________________________________ _______

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

  Total                                 767.7   766.2   775.8   777.4   778.5   787.7   783.7   791.4   795.3   800.8   806.9   818.3   813.6  

    Consumer                            310.6   309.9   311.8   316.4   318.3   321.8   322.2   322.4   323.3   324.2   325.4   330.9   327.0
      Motor vehicle loans                86.8    87.1    85.8    83.2    85.1    87.0    88.3    88.4    88.5    86.8    86.0    87.0    87.4
      Motor vehicle leases               93.6    94.3    95.6    96.7    97.3    98.5    99.3    98.3    96.1    95.9    96.4    96.8    94.6
      Revolving 4                        32.3    32.2    34.1    35.1    35.2    34.9    33.5    33.5    34.9    34.7    34.8    38.6    37.6
      Other 5                            34.4    34.0    34.0    34.3    34.7    34.8    34.7    35.2    35.0    35.3    35.5    34.4    35.2
      Securitized Assets 6
        Motor vehicle loans              35.0    34.2    34.5    38.3    36.8    37.8    38.1    38.3    39.7    42.6    42.5    44.3    42.8
        Motor vehicle leases              8.6     8.5     8.4     9.4     9.3     9.2     9.0     8.9    10.0     9.9    11.0    10.8    10.7
        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                            19.8    19.7    19.6    19.3    19.9    19.7    19.4    19.7    19.0    18.9    19.2    19.0    18.7

    Real estate                         112.7   112.8   115.5   116.9   118.0   120.1   121.9   123.4   120.7   121.5   121.7   121.1   122.1
      One- to four-family                53.2    53.8    53.3    55.0    54.9    54.5    57.0    59.1    56.6    58.5    59.4    59.0    59.8
      Other                              30.3    30.2    30.1    30.3    30.3    30.3    30.1    30.1    29.8    29.3    29.0    28.9    29.3
      Securitized real estate assets 6
        One- to four-family              28.9    28.5    31.8    31.3    32.5    35.0    34.4    33.9    34.0    33.5    33.0    33.0    32.8
        Other                             0.3     0.3     0.4     0.3     0.3     0.3     0.3     0.3     0.3     0.3     0.2     0.2     0.2

    Business                            344.4   343.4   348.5   344.1   342.2   345.9   339.6   345.6   351.4   355.1   359.8   366.2   364.4
      Motor vehicles                     68.4    71.0    73.8    71.7    70.4    70.7    63.6    65.2    67.4    61.2    62.0    63.5    61.8
        Retail loans                     24.9    25.0    25.1    24.6    24.4    25.2    24.4    25.4    26.0    26.5    26.3    25.6    26.1
        Wholesale loans 7                34.5    36.9    39.6    37.9    36.6    36.3    29.9    30.4    31.8    25.0    25.8    27.7    25.7
        Leases                            9.1     9.1     9.1     9.2     9.3     9.3     9.3     9.4     9.6     9.7     9.8    10.2    10.1
      Equipment                         191.9   190.8   192.1   189.9   188.0   188.8   191.3   194.9   199.0   198.5   198.9   204.0   204.6
        Loans                            56.1    54.5    55.0    53.8    52.3    52.6    51.7    51.3    51.9    50.3    49.6    51.7    51.2
        Leases                          135.8   136.3   137.1   136.1   135.6   136.2   139.6   143.6   147.1   148.2   149.4   152.3   153.4
      Other business receivables 8       47.7    48.3    49.3    49.6    50.3    52.2    51.8    53.0    53.1    54.7    54.0    51.1    52.0
      Securitized assets 6
        Motor vehicles                   23.3    20.7    20.5    20.3    21.1    21.3    19.9    19.8    19.6    28.4    32.4    33.0    31.5
          Retail loans                    2.6     2.4     2.2     2.1     2.6     2.5     2.4     2.3     2.2     2.1     2.5     2.4     2.3
          Wholesale loans                20.7    18.3    18.2    18.2    18.5    18.7    17.4    17.5    17.4    26.3    29.8    30.5    29.2
          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                        10.7    10.3    10.3     9.9     9.9    10.4    10.6    10.3     9.6     9.7     9.9    10.7    10.4
          Loans                           4.5     4.2     4.0     3.8     4.0     3.9     4.2     4.1     3.6     3.8     4.1     4.2     3.9
          Leases                          6.2     6.0     6.3     6.2     5.9     6.5     6.4     6.2     6.0     5.8     5.8     6.5     6.5
        Other business receivables 8      2.4     2.4     2.5     2.6     2.5     2.5     2.5     2.4     2.6     2.7     2.6     4.0     4.0
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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: March 17, 1998