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

Release Date: January 29, 1999

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
                                                            November 1998                                                 January 1999  

OWNED AND MANAGED RECEIVABLES 2
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                                    1997                                                1998
                               _______________ _______________________________________________________________________________________

                                 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                            4.5     6.6     3.0    12.4    -1.9     9.3    11.2    -2.3    13.3     8.3    10.2    19.2     7.6
    Consumer                       2.1     9.7    -3.6     3.6     3.5     0.7     4.7     8.5    14.9     8.9    17.0    27.1     7.1
    Real estate                    1.4    -5.7     8.1    17.8   -20.5     3.0    22.5   -31.7    42.2    27.7     7.2    32.0    18.2
    Business                       7.7     8.0     7.2    18.6    -0.4    19.0    13.1    -2.1     2.6     1.3     5.0     7.9     4.5

Outstandings (billions of dollars)
  Total                          805.4   809.8   811.8   820.2   819.0   825.3   833.0   831.3   840.6   846.4   853.5   867.2   872.7
    Consumer                     325.1   327.7   326.7   327.7   328.7   328.9   330.2   332.5   336.6   339.1   343.9   351.7   353.8
    Real estate                  121.7   121.1   121.9   123.7   121.6   121.9   124.2   120.9   125.2   128.1   128.8   132.3   134.3
    Business                     358.6   361.0   363.2   368.8   368.7   374.5   378.6   377.9   378.7   379.2   380.7   383.2   384.7
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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                 6.85    5.93    6.12    6.98    6.47    6.20    6.07    6.02    6.23    6.00    5.92    6.33    6.79
    Maturity (months)             53.7    53.5    52.8    52.6    51.5    50.7    50.8    50.9    51.7    53.0    53.1    53.1    52.8
    Loan-to-value ratio             91      92      92      92      92      91      93      91      92      93      93      92      91
    Amount financed (dollars)   18,923  19,121  18,944  18,825  18,932  18,922  18,793  18,878  19,084  19,068  19,028  19,199  19,590

  Used car loans
    Interest rate                13.14   13.16   12.77   12.87   12.79   12.76   12.73   12.63   12.51   12.68   12.65   12.58   12.41
    Maturity (months)             50.5    50.5    52.2    52.5    52.6    52.9    52.9    54.0    54.1    54.1    54.2    54.2    54.3
    Loan-to-value ratio             99      99      98      97      97      98      99     100     100     101     101     100     100
    Amount financed (dollars)   12,389  12,547  12,391  12,356  12,431  12,716  12,607  12,698  12,733  12,407  12,731  12,914  13,112
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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
                                      _______________ _______________________________________________________________________________________

                                        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                                 806.9   818.1   812.2   819.6   819.7   825.3   832.2   836.0   835.2   842.6   850.0   865.5   874.4  

    Consumer                            325.4   330.9   326.2   324.8   325.4   326.7   329.4   335.4   338.5   340.5   344.9   351.2   353.9
      Motor vehicle loans                86.0    87.0    87.4    84.7    86.8    90.6    89.6    89.9    91.7    95.3    96.2    97.6    99.0
      Motor vehicle leases               96.4    96.8    94.5    94.7    95.2    95.9    95.9    97.0    97.3    96.9    94.9    94.6    94.4
      Revolving 4                        34.8    38.6    37.6    36.9    36.6    30.4    30.5    29.9    29.6    30.2    29.3    34.6    34.7
      Other 5                            35.5    34.4    34.5    34.1    33.0    33.4    33.5    34.4    35.0    34.7    34.6    34.6    34.6
      Securitized Assets 6
        Motor vehicle loans              42.5    44.3    42.8    45.3    45.0    42.8    45.7    49.3    50.2    49.2    51.8    51.6    53.4
        Motor vehicle leases             11.0    10.8    10.7    10.6    10.5    10.4    10.8    10.9    10.8    10.7    14.2    14.4    14.2
        Revolving                         0.0     0.0     0.0     0.0     0.0     5.3     5.3     5.3     5.3     5.3     5.3     5.3     5.3
        Other                            19.2    19.0    18.7    18.5    18.2    18.1    18.1    18.6    18.5    18.2    18.8    18.6    18.4

    Real estate                         121.7   121.1   121.9   123.7   121.6   121.9   124.2   120.9   125.2   128.1   128.8   132.3   134.3
      One- to four-family                59.4    59.0    59.8    62.2    61.5    62.4    65.2    62.3    65.9    68.6    68.4    72.2    74.1
      Other                              29.0    28.9    29.1    29.0    28.1    28.1    28.1    27.5    28.5    28.7    30.1    30.2    30.7
      Securitized real estate assets 6
        One- to four-family              33.0    33.0    32.8    32.3    31.8    31.2    30.7    30.9    30.6    30.7    30.2    29.8    29.4
        Other                             0.2     0.2     0.2     0.2     0.2     0.2     0.2     0.1     0.1     0.1     0.1     0.1     0.1

    Business                            359.8   366.1   364.0   371.1   372.7   376.7   378.6   379.7   371.5   374.0   376.2   382.0   386.3
      Motor vehicles                     62.0    63.5    61.8    64.8    67.8    68.2    69.1    68.4    61.1    62.5    65.5    68.5    70.9
        Retail loans                     26.3    25.6    26.1    26.4    27.3    28.3    29.3    29.2    29.2    29.6    30.0    30.4    29.4
        Wholesale loans 7                25.8    27.7    25.6    28.2    30.2    29.5    29.5    28.2    21.0    22.0    24.2    27.0    30.3
        Leases                            9.8    10.2    10.1    10.2    10.2    10.4    10.4    11.0    10.9    10.9    11.3    11.1    11.2
      Equipment                         198.9   203.9   204.2   204.7   206.5   207.8   209.3   212.8   212.8   212.0   210.8   211.5   212.0
        Loans                            49.6    51.5    50.7    49.9    50.8    51.2    51.3    52.7    51.6    51.8    47.9    47.2    47.8
        Leases                          149.4   152.3   153.5   154.8   155.7   156.7   158.0   160.2   161.2   160.2   162.9   164.3   164.2
      Other business receivables 8       54.0    51.1    52.1    55.6    51.6    54.0    54.3    53.7    54.5    57.0    58.9    59.6    60.4
      Securitized assets 6
        Motor vehicles                   32.4    33.0    31.5    31.2    32.1    31.6    31.0    29.1    26.3    25.9    24.5    25.0    25.8
          Retail loans                    2.5     2.4     2.3     2.2     2.0     1.9     1.9     2.3     2.2     2.1     2.0     1.9     2.4
          Wholesale loans                29.8    30.5    29.2    29.0    30.0    29.6    29.2    26.7    24.1    23.8    22.5    23.2    23.4
          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                         9.9    10.7    10.4    10.8    10.5    10.3    10.2    10.5    11.5    11.4    11.3    12.0    11.8
          Loans                           4.1     4.2     3.9     4.3     4.2     4.1     4.0     4.1     5.1     4.9     4.9     5.6     5.4
          Leases                          5.8     6.5     6.5     6.5     6.3     6.2     6.2     6.4     6.4     6.4     6.4     6.4     6.4
        Other business receivables 8      2.6     4.0     4.0     4.0     4.2     4.7     4.7     5.3     5.4     5.2     5.3     5.2     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: January 29, 1999