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

Release Date: March 30, 1999

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
                                                             January 1999                                                   March 1999

OWNED AND MANAGED RECEIVABLES 2
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                                                                            1998                                                1999
                               _______________________________________________________________________________________________ _______

                                 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                            3.0    12.4    -1.9     9.3    11.2    -2.3    13.0     7.8     9.7    18.8     7.2    14.3    12.4
    Consumer                      -3.6     3.6     3.5     0.7     4.7     8.5    14.1     7.7    15.8    25.9     5.9     1.3    -0.6
    Real estate                    8.1    17.8   -20.5     3.0    22.5   -31.7    42.2    27.7     7.2    32.0    18.2     9.2    39.2
    Business                       7.2    18.6    -0.4    19.0    13.1    -2.1     2.6     1.3     5.0     7.9     4.5    27.9    15.2

Outstandings (billions of dollars)
  Total                          811.8   820.2   819.0   825.3   833.0   831.3   840.3   845.8   852.6   865.9   871.1   874.9   884.0
    Consumer                     326.7   327.7   328.7   328.9   330.2   332.5   336.4   338.5   343.0   350.4   352.1   352.5   352.4
    Real estate                  121.9   123.7   121.6   121.9   124.2   120.9   125.2   128.1   128.8   132.3   134.3   131.4   135.7
    Business                     363.2   368.8   368.7   374.5   378.6   377.9   378.7   379.2   380.7   383.2   384.7   391.0   396.0
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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                 6.12    6.98    6.47    6.20    6.07    6.02    6.23    6.00    5.92    6.33    6.79    6.43    6.22
    Maturity (months)             52.8    52.6    51.5    50.7    50.8    50.9    51.7    53.0    53.1    53.1    52.8    52.2    52.1
    Loan-to-value ratio             92      92      92      91      93      91      92      93      93      92      91      91      92
    Amount financed (dollars)   18,944  18,825  18,932  18,922  18,793  18,878  19,084  19,068  19,028  19,199  19,590  19,734  19,628

  Used car loans
    Interest rate                12.77   12.87   12.79   12.76   12.73   12.63   12.51   12.68   12.65   12.58   12.41   12.31   11.81
    Maturity (months)             52.2    52.5    52.6    52.9    52.9    54.0    54.1    54.1    54.2    54.2    54.3    54.2    56.0
    Loan-to-value ratio             98      97      97      98      99     100     100     101     101     100     100     100      99
    Amount financed (dollars)   12,391  12,356  12,431  12,716  12,607  12,698  12,733  12,407  12,731  12,914  13,112  13,201  13,497
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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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                                                                                   1998                                                1999
                                      _______________________________________________________________________________________________ _______

                                        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                                 812.2   819.6   819.7   825.3   832.2   836.0   834.9   842.0   849.0   864.2   872.8   884.0   884.3

    Consumer                            326.2   324.8   325.4   326.7   329.4   335.4   338.2   339.9   344.0   350.0   352.2   356.1   351.7
      Motor vehicle loans                87.4    84.7    86.8    90.6    89.6    89.9    91.7    95.3    96.2    97.6    99.0   103.1   102.8
      Motor vehicle leases               94.5    94.7    95.2    95.9    95.9    97.0    97.3    96.9    94.9    94.6    94.4    93.3    88.8
      Revolving 4                        37.6    36.9    36.6    30.4    30.5    29.9    29.4    29.6    28.4    33.3    33.1    32.3    32.4
      Other 5                            34.5    34.1    33.0    33.4    33.5    34.4    35.0    34.7    34.6    34.6    34.6    33.1    32.8
      Securitized Assets 6
        Motor vehicle loans              42.8    45.3    45.0    42.8    45.7    49.3    50.2    49.2    51.8    51.6    53.4    54.8    55.9
        Motor vehicle leases             10.7    10.6    10.5    10.4    10.8    10.9    10.8    10.7    14.2    14.4    14.2    12.7    12.5
        Revolving                         0.0     0.0     0.0     5.3     5.3     5.3     5.3     5.3     5.3     5.3     5.3     8.7     8.6
        Other                            18.7    18.5    18.2    18.1    18.1    18.6    18.5    18.2    18.8    18.6    18.4    18.1    17.9

    Real estate                         121.9   123.7   121.6   121.9   124.2   120.9   125.2   128.1   128.8   132.3   134.3   131.4   135.7
      One- to four-family                59.8    62.2    61.5    62.4    65.2    62.3    65.9    68.6    68.4    72.2    74.1    75.7    80.1
      Other                              29.1    29.0    28.1    28.1    28.1    27.5    28.5    28.7    30.1    30.2    30.7    26.6    26.9
      Securitized real estate assets 6
        One- to four-family              32.8    32.3    31.8    31.2    30.7    30.9    30.6    30.7    30.2    29.8    29.4    29.0    28.6
        Other                             0.2     0.2     0.2     0.2     0.2     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1

    Business                            364.0   371.1   372.7   376.7   378.6   379.7   371.5   374.0   376.2   382.0   386.3   396.5   396.9
      Motor vehicles                     61.8    64.8    67.8    68.2    69.1    68.4    61.1    62.5    65.5    68.5    70.9    79.6    79.1
        Retail loans                     26.1    26.4    27.3    28.3    29.3    29.2    29.2    29.6    30.0    30.4    29.4    28.1    28.4
        Wholesale loans 7                25.6    28.2    30.2    29.5    29.5    28.2    21.0    22.0    24.2    27.0    30.3    32.8    31.9
        Leases                           10.1    10.2    10.2    10.4    10.4    11.0    10.9    10.9    11.3    11.1    11.2    18.7    18.9
      Equipment                         204.2   204.7   206.5   207.8   209.3   212.8   212.8   212.0   210.8   211.5   212.0   198.0   197.6
        Loans                            50.7    49.9    50.8    51.2    51.3    52.7    51.6    51.8    47.9    47.2    47.8    50.4    49.7
        Leases                          153.5   154.8   155.7   156.7   158.0   160.2   161.2   160.2   162.9   164.3   164.2   147.6   147.8
      Other business receivables 8       52.1    55.6    51.6    54.0    54.3    53.7    54.5    57.0    58.9    59.6    60.4    69.9    72.5
      Securitized assets 6
        Motor vehicles                   31.5    31.2    32.1    31.6    31.0    29.1    26.3    25.9    24.5    25.0    25.8    29.2    28.2
          Retail loans                    2.3     2.2     2.0     1.9     1.9     2.3     2.2     2.1     2.0     1.9     2.4     2.6     2.5
          Wholesale loans                29.2    29.0    30.0    29.6    29.2    26.7    24.1    23.8    22.5    23.2    23.4    24.7    23.8
          Leases                          0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     1.9     1.9
        Equipment                        10.4    10.8    10.5    10.3    10.2    10.5    11.5    11.4    11.3    12.0    11.8    13.0    12.7
          Loans                           3.9     4.3     4.2     4.1     4.0     4.1     5.1     4.9     4.9     5.6     5.4     6.6     6.3
          Leases                          6.5     6.5     6.3     6.2     6.2     6.4     6.4     6.4     6.4     6.4     6.4     6.4     6.4
        Other business receivables 8      4.0     4.0     4.2     4.7     4.7     5.3     5.4     5.2     5.3     5.2     5.3     6.8     6.8
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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: March 30, 1999