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

Release Date: August 25, 1998

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release  
                                                              June 1998                                                    August 1998

OWNED AND MANAGED RECEIVABLES 2
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                                                        1997                                                1998
                               _______________________________________________________ _______________________________________________

                                 Jun     Jul     Aug     Sep     Oct     Nov     Dec     Jan     Feb     Mar     Apr     May     Jun
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                                                                                           Seasonally Adjusted
Growth Rates (percent at annual rate)
  Total                           10.9     8.8    11.2     3.2     5.5     4.5     7.1     0.9    14.8    -3.6     8.0     8.7     2.4
    Consumer                       9.1     6.0    -2.4    -0.3     6.6    -2.4    11.9    -7.5     5.0     3.0     8.5     3.1    19.9
    Real estate                   20.8    18.0    15.2   -26.7     8.8     1.4    -5.7     8.1    17.8   -20.5     3.0    22.5   -31.6
    Business                       9.3     8.3    22.6    17.0     3.4    11.8     7.2     6.2    22.5    -3.8     9.1     9.0    -1.8

Outstandings (billions of dollars)
  Total                          783.7   789.5   796.9   799.0   802.7   805.7   810.4   811.0   821.1   818.6   824.1   830.0   831.7
    Consumer                     321.7   323.3   322.7   322.6   324.4   323.7   326.9   324.9   326.2   327.0   329.4   330.2   335.7
    Real estate                  120.1   121.9   123.4   120.7   121.5   121.7   121.1   121.9   123.7   121.6   121.9   124.2   120.9
    Business                     342.0   344.3   350.8   355.8   356.8   360.3   362.4   364.3   371.1   369.9   372.8   375.6   375.0
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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                 7.64    6.71    5.93    6.12    7.27    6.85    5.93    6.12    6.98    5.94    6.20    6.07    6.02
    Maturity (months)             53.3    54.6    55.5    55.4    54.4    53.7    53.5    52.8    52.6    51.5    50.7    50.8    50.9
    Loan-to-value ratio             93      94      93      93      92      91      92      92      92      92      91      93      91
    Amount financed (dollars)   18,171  18,281  18,329  18,520  18,779  18,923  19,121  18,944  18,825  18,932  18,922  18,793  18,878

  Used car loans
    Interest rate                13.55   13.51   13.38   13.29   13.22   13.14   13.16   12.77   12.87   12.79   12.76   12.73   12.63
    Maturity (months)             51.3    51.4    51.2    50.8    50.6    50.5    50.5    52.2    52.5    52.6    52.9    52.9    54.0
    Loan-to-value ratio             99      99      99      99     101      99      99      98      97      97      98      99     100
    Amount financed (dollars)   12,239  12,307  12,204  12,190  12,287  12,389  12,547  12,391  12,356  12,431  12,716  12,607  12,698
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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
                                      _______________________________________________________ _______________________________________________

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

  Total                                 787.7   783.7   791.4   795.3   800.8   806.9   818.1   812.2   819.6   819.7   825.3   832.2   836.1

    Consumer                            321.8   322.2   322.4   323.3   324.2   325.4   330.9   326.2   324.8   325.4   326.7   329.4   335.9  
      Motor vehicle loans                87.0    88.3    88.4    88.5    86.8    86.0    87.0    87.4    84.7    86.8    90.6    89.6    89.9
      Motor vehicle leases               98.5    99.3    98.3    96.1    95.9    96.4    96.8    94.5    94.7    95.2    95.9    95.9    97.0
      Revolving 4                        34.9    33.5    33.5    34.9    34.7    34.8    38.6    37.6    36.9    36.6    30.4    30.5    30.4
      Other 5                            34.8    34.7    35.2    35.0    35.3    35.5    34.4    34.5    34.1    33.0    33.4    33.5    34.4
      Securitized Assets 6
        Motor vehicle loans              37.8    38.1    38.3    39.7    42.6    42.5    44.3    42.8    45.3    45.0    42.8    45.7    49.3
        Motor vehicle leases              9.2     9.0     8.9    10.0     9.9    11.0    10.8    10.7    10.6    10.5    10.4    10.8    10.9
        Revolving                         0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     5.3     5.3     5.3
        Other                            19.7    19.4    19.7    19.0    18.9    19.2    19.0    18.7    18.5    18.2    18.1    18.1    18.6

    Real estate                         120.1   121.9   123.4   120.7   121.5   121.7   121.1   121.9   123.7   121.6   121.9   124.2   120.9
      One- to four-family                54.5    57.0    59.1    56.6    58.5    59.4    59.0    59.8    62.2    61.5    62.4    65.2    62.4
      Other                              30.3    30.1    30.1    29.8    29.3    29.0    28.9    29.1    29.0    28.1    28.1    28.1    27.5
      Securitized real estate assets 6
        One- to four-family              35.0    34.4    33.9    34.0    33.5    33.0    33.0    32.8    32.3    31.8    31.2    30.7    30.9
        Other                             0.3     0.3     0.3     0.3     0.3     0.2     0.2     0.2     0.2     0.2     0.2     0.2     0.1

    Business                            345.9   339.6   345.6   351.4   355.1   359.8   366.1   364.0   371.1   372.7   376.7   378.6   379.3
      Motor vehicles                     70.7    63.6    65.2    67.4    61.2    62.0    63.5    61.8    64.8    67.8    68.2    69.1    68.4
        Retail loans                     25.2    24.4    25.4    26.0    26.5    26.3    25.6    26.1    26.4    27.3    28.3    29.3    29.2
        Wholesale loans 7                36.3    29.9    30.4    31.8    25.0    25.8    27.7    25.6    28.2    30.2    29.5    29.5    28.2
        Leases                            9.3     9.3     9.4     9.6     9.7     9.8    10.2    10.1    10.2    10.2    10.4    10.4    11.0
      Equipment                         188.8   191.3   194.9   199.0   198.5   198.9   203.9   204.2   204.7   206.5   207.8   209.3   212.8
        Loans                            52.6    51.7    51.3    51.9    50.3    49.6    51.5    50.7    49.9    50.8    51.2    51.3    52.7
        Leases                          136.2   139.6   143.6   147.1   148.2   149.4   152.3   153.5   154.8   155.7   156.7   158.0   160.2
      Other business receivables 8       52.2    51.8    53.0    53.1    54.7    54.0    51.1    52.1    55.6    51.6    54.0    54.3    53.7
      Securitized assets 6
        Motor vehicles                   21.3    19.9    19.8    19.6    28.4    32.4    33.0    31.5    31.2    32.1    31.6    31.0    28.7
          Retail loans                    2.5     2.4     2.3     2.2     2.1     2.5     2.4     2.3     2.2     2.0     1.9     1.9     2.3
          Wholesale loans                18.7    17.4    17.5    17.4    26.3    29.8    30.5    29.2    29.0    30.0    29.6    29.2    26.4
          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                        10.4    10.6    10.3     9.6     9.7     9.9    10.7    10.4    10.8    10.5    10.3    10.2    10.5
          Loans                           3.9     4.2     4.1     3.6     3.8     4.1     4.2     3.9     4.3     4.2     4.1     4.0     4.1
          Leases                          6.5     6.4     6.2     6.0     5.8     5.8     6.5     6.5     6.5     6.3     6.2     6.2     6.4
        Other business receivables 8      2.5     2.5     2.4     2.6     2.7     2.6     4.0     4.0     4.0     4.2     4.7     4.7     5.3
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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: August 25, 1998