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

Release Date: May 26, 1998

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

OWNED AND MANAGED RECEIVABLES 2
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                                                                    1997                                                1998
                               _______________________________________________________________________________ _______________________

                                 Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec     Jan     Feb     Mar
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                                                                                           Seasonally Adjusted
Growth Rates (percent at annual rate)
  Total                           11.0     2.6     0.4    10.9     8.8    11.2     3.2     5.5     4.5     7.1     0.9    14.8    -4.1
    Consumer                       7.8    21.5     1.1     9.1     6.0    -2.4    -0.3     6.6    -2.4    11.9    -7.5     5.0     1.8
    Real estate                   28.8    14.3    11.3    20.8    18.0    15.2   -26.7     8.8     1.4    -5.7     8.1    17.8   -20.5
    Business                       8.0   -18.3    -4.1     9.3     8.3    22.6    17.0     3.4    11.8     7.2     6.2    22.5    -3.8

Outstandings (billions of dollars)
  Total                          774.7   776.4   776.6   783.7   789.5   796.9   799.0   802.7   805.7   810.4   811.0   821.1   818.3
    Consumer                     313.4   319.0   319.3   321.7   323.3   322.7   322.6   324.4   323.7   326.9   324.9   326.2   326.7
    Real estate                  115.5   116.9   118.0   120.1   121.9   123.4   120.7   121.5   121.7   121.1   121.9   123.7   121.6
    Business                     345.8   340.5   339.3   342.0   344.3   350.8   355.8   356.8   360.3   362.4   364.3   371.1   369.9
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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                 8.08    8.56    7.80    7.64    6.71    5.93    6.12    7.27    6.85    5.93    6.12    6.98    5.94
    Maturity (months)             53.5    52.8    53.2    53.3    54.6    55.5    55.4    54.4    53.7    53.5    52.8    52.6    51.5
    Loan-to-value ratio             90      91      93      93      94      93      93      92      91      92      92      92      92
    Amount financed (dollars)   17,198  17,620  18,060  18,171  18,281  18,329  18,520  18,779  18,923  19,121  18,944  18,825  18,932

  Used car loans
    Interest rate                13.18   13.29   13.48   13.55   13.51   13.38   13.29   13.22   13.14   13.16   12.77   12.87   12.79
    Maturity (months)             51.1    51.2    51.3    51.3    51.4    51.2    50.8    50.6    50.5    50.5    52.2    52.5    52.6
    Loan-to-value ratio             99      99      99      99      99      99      99     101      99      99      98      97      97
    Amount financed (dollars)   12,194  12,195  12,261  12,239  12,307  12,204  12,190  12,287  12,389  12,547  12,391  12,356  12,431
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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
                                      _______________________________________________________________________________ _______________________

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

  Total                                 775.8   777.4   778.5   787.7   783.7   791.4   795.3   800.8   806.9   818.1   812.2   819.6   819.4

    Consumer                            311.8   316.4   318.3   321.8   322.2   322.4   323.3   324.2   325.4   330.9   326.2   324.8   325.0
      Motor vehicle loans                85.8    83.2    85.1    87.0    88.3    88.4    88.5    86.8    86.0    87.0    87.4    84.7    86.8
      Motor vehicle leases               95.6    96.7    97.3    98.5    99.3    98.3    96.1    95.9    96.4    96.8    94.5    94.7    95.2
      Revolving 4                        34.1    35.1    35.2    34.9    33.5    33.5    34.9    34.7    34.8    38.6    37.6    36.9    36.3
      Other 5                            34.0    34.3    34.7    34.8    34.7    35.2    35.0    35.3    35.5    34.4    34.5    34.1    33.0
      Securitized Assets 6
        Motor vehicle loans              34.5    38.3    36.8    37.8    38.1    38.3    39.7    42.6    42.5    44.3    42.8    45.3    45.0
        Motor vehicle leases              8.4     9.4     9.3     9.2     9.0     8.9    10.0     9.9    11.0    10.8    10.7    10.6    10.5
        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                            19.6    19.3    19.9    19.7    19.4    19.7    19.0    18.9    19.2    19.0    18.7    18.5    18.2

    Real estate                         115.5   116.9   118.0   120.1   121.9   123.4   120.7   121.5   121.7   121.1   121.9   123.7   121.6
      One- to four-family                53.3    55.0    54.9    54.5    57.0    59.1    56.6    58.5    59.4    59.0    59.8    62.2    61.5
      Other                              30.1    30.3    30.3    30.3    30.1    30.1    29.8    29.3    29.0    28.9    29.1    29.0    28.1
      Securitized real estate assets 6
        One- to four-family              31.8    31.3    32.5    35.0    34.4    33.9    34.0    33.5    33.0    33.0    32.8    32.3    31.8
        Other                             0.4     0.3     0.3     0.3     0.3     0.3     0.3     0.3     0.2     0.2     0.2     0.2     0.2

    Business                            348.5   344.1   342.2   345.9   339.6   345.6   351.4   355.1   359.8   366.1   364.0   371.1   372.7
      Motor vehicles                     73.8    71.7    70.4    70.7    63.6    65.2    67.4    61.2    62.0    63.5    61.8    64.8    67.8
        Retail loans                     25.1    24.6    24.4    25.2    24.4    25.4    26.0    26.5    26.3    25.6    26.1    26.4    27.3
        Wholesale loans 7                39.6    37.9    36.6    36.3    29.9    30.4    31.8    25.0    25.8    27.7    25.6    28.2    30.2
        Leases                            9.1     9.2     9.3     9.3     9.3     9.4     9.6     9.7     9.8    10.2    10.1    10.2    10.2
      Equipment                         192.1   189.9   188.0   188.8   191.3   194.9   199.0   198.5   198.9   203.9   204.2   204.7   206.5
        Loans                            55.0    53.8    52.3    52.6    51.7    51.3    51.9    50.3    49.6    51.5    50.7    49.9    50.8
        Leases                          137.1   136.1   135.6   136.2   139.6   143.6   147.1   148.2   149.4   152.3   153.5   154.8   155.7
      Other business receivables 8       49.3    49.6    50.3    52.2    51.8    53.0    53.1    54.7    54.0    51.1    52.1    55.6    51.6
      Securitized assets 6
        Motor vehicles                   20.5    20.3    21.1    21.3    19.9    19.8    19.6    28.4    32.4    33.0    31.5    31.2    32.1
          Retail loans                    2.2     2.1     2.6     2.5     2.4     2.3     2.2     2.1     2.5     2.4     2.3     2.2     2.0
          Wholesale loans                18.2    18.2    18.5    18.7    17.4    17.5    17.4    26.3    29.8    30.5    29.2    29.0    30.0
          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                        10.3     9.9     9.9    10.4    10.6    10.3     9.6     9.7     9.9    10.7    10.4    10.8    10.5
          Loans                           4.0     3.8     4.0     3.9     4.2     4.1     3.6     3.8     4.1     4.2     3.9     4.3     4.2
          Leases                          6.3     6.2     5.9     6.5     6.4     6.2     6.0     5.8     5.8     6.5     6.5     6.5     6.3
        Other business receivables 8      2.5     2.6     2.5     2.5     2.5     2.4     2.6     2.7     2.6     4.0     4.0     4.0     4.2
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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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