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

Release Date: August 31, 1999

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G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                               June 1999                                                    August 1999

OWNED AND MANAGED RECEIVABLES 2
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                                                                                 1998                            1999
                                                                        _______________________ _______________________________________

                                 1994    1995    1996    1997    1998     Q2      Q3      Q4      Q1      Q2      Apr     May    Jun p
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     Total                        12.6    12.3    11.7     6.3     8.0     6.1    10.2    10.5    16.6    12.1    10.8    17.0     8.3
       Consumer                   16.4    15.3     8.7     6.5     7.6     4.6    12.6    11.1    12.3     8.0    -0.8    19.9     4.7
       Real estate                 6.7     8.3    54.5     8.2     8.5    -2.3    26.2     8.0    18.4    11.0    32.3    14.2   -13.3
       Business                   11.0    10.8     4.7     5.4     8.3    10.1     3.0    10.8    19.9    16.2    13.8    15.5    18.7

Outstandings (billions of dollars)
     Total                       607.4   682.4   761.9   809.8   874.9   831.3   852.6   874.9   911.3   938.9   919.5   932.5   938.9
       Consumer                  245.5   283.1   307.7   327.7   352.5   332.5   343.0   352.5   363.4   370.6   363.2   369.2   370.6
       Real estate                66.9    72.4   111.9   121.1   131.4   120.9   128.8   131.4   137.5   141.2   141.2   142.8   141.2
       Business                  294.9   326.8   342.4   361.0   391.0   377.9   380.7   391.0   410.4   427.1   415.2   420.5   427.1
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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 Rates               9.79   11.19    9.84    7.12    6.30    6.10    6.05    6.52    6.32    6.56    6.52    6.57    6.60
     Maturity (months)            54.0    54.1    51.6    54.1    52.1    50.8    52.6    52.7    52.8    52.5    52.8    52.4    52.3
     Loan-to-value ratio            92      92      91      92      92      91      93      92      92      92      92      92      92
     Amount financed (dollars)  15,375  16,210  16,987  18,077  19,083  18,864  19,060  19,507  19,424  19,565  19,435  19,539  19,722

  Used car loans
     Interest Rates              13.49   14.48   13.53   13.27   12.64   12.71   12.61   12.44   11.99   12.21   12.17   12.16   12.31
     Maturity (months)            50.2    52.2    51.4    51.0    53.5    53.3    54.2    54.3    56.0    56.0    56.0    56.1    56.0
     Loan-to-value ratio            99      99     100      99      99      99     101     100      99      99      99      99      99
     Amount financed (dollars)  10,709  11,590  12,182  12,281  12,691  12,674  12,624  13,076  13,585  13,721  13,647  13,700  13,816

  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
                                                                              _______________________ _______________________________________

                                       1994    1995    1996    1997    1998     Q2      Q3      Q4      Q1      Q2      Apr     May    Jun p
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                613.5   689.5   769.7   818.1   884.0   836.0   849.0   884.0   911.9   942.4   919.4   931.6   942.4

    Consumer                           248.0   285.8   310.6   330.9   356.1   335.4   344.0   356.1   359.7   374.0   360.9   368.3   374.0
      Motor vehicle loans               70.2    81.1    86.7    87.0   103.1    89.9    96.2   103.1   104.7   108.6   106.8   105.1   108.6
      Motor vehicle leases              67.5    80.8    92.5    96.8    93.3    97.0    94.9    93.3    93.9    95.6    94.8    95.3    95.6
      Revolving 4                       25.9    28.5    32.5    38.6    32.3    29.9    28.4    32.3    31.2    32.4    31.3    31.3    32.4
      Other 5                           38.4    42.6    33.2    34.4    33.1    34.4    34.6    33.1    32.0    32.6    32.0    32.0    32.6
      Securitized Assets 6
        Motor vehicle loans             32.8    34.8    36.8    44.3    54.8    49.3    51.8    54.8    59.0    65.4    57.8    65.8    65.4
        Motor vehicle leases             2.2     3.5     8.7    10.8    12.7    10.9    14.2    12.7    12.0    11.3    11.8    11.6    11.3
        Revolving                        n.a.    n.a.    0.0     0.0     8.7     5.3     5.3     8.7     9.1     9.7     8.8     8.7     9.7
        Other                           11.2    14.7    20.1    19.0    18.1    18.6    18.8    18.1    17.8    18.4    17.6    18.3    18.4

    Real estate                         66.9    72.4   111.9   121.1   131.4   120.9   128.8   131.4   137.5   141.2   141.2   142.8   141.2
      One- to four-family                n.a.    n.a.   52.1    59.0    75.7    62.3    68.4    75.7    77.7    80.5    81.7    83.6    80.5
      Other                              n.a.    n.a.   30.5    28.9    26.6    27.5    30.1    26.6    31.6    33.0    31.6    31.5    33.0
      Securitized real estate assets 6
        One- to four-family              n.a.    n.a.   28.9    33.0    29.0    30.9    30.2    29.0    28.0    27.5    27.6    27.4    27.5
        Other                            n.a.    n.a.    0.4     0.2     0.1     0.1     0.1     0.1     0.3     0.2     0.3     0.3     0.2

    Business                           298.6   331.2   347.2   366.1   396.5   379.7   376.2   396.5   414.8   427.1   417.4   420.5   427.1
      Motor vehicles                    62.0    66.5    67.1    63.5    79.6    68.4    65.5    79.6    84.8    82.8    86.2    84.4    82.8
        Retail loans                    18.5    21.8    25.1    25.6    28.1    29.2    30.0    28.1    30.0    30.9    30.7    31.6    30.9
        Wholesale loans                 35.2    36.6    33.0    27.7    32.8    28.2    24.2    32.8    36.0    32.7    36.5    33.8    32.7
        Leases                           8.3     8.0     9.0    10.2    18.7    11.0    11.3    18.7    18.8    19.2    18.9    19.0    19.2
      Equipment                        166.7   188.0   194.8   203.9   198.0   212.8   210.8   198.0   202.3   208.3   203.1   203.8   208.3
        Loans                           48.9    58.5    59.9    51.5    50.4    52.7    47.9    50.4    51.6    53.3    52.0    51.7    53.3
        Leases                         117.8   129.4   134.9   152.3   147.6   160.2   162.9   147.6   150.7   155.1   151.0   152.1   155.1
      Other business receivables 8      46.2    47.2    47.6    51.1    69.9    53.7    58.9    69.9    75.7    82.6    76.9    78.9    82.6
      Securitized Assets 6
        Motor vehicles                  14.3    20.6    24.0    33.0    29.2    29.1    24.5    29.2    31.0    32.1    30.5    32.0    32.1
          Retail loans                   1.5     1.8     2.7     2.4     2.6     2.3     2.0     2.6     2.4     2.9     2.4     2.2     2.9
          Wholesale loans               12.9    18.8    21.3    30.5    24.7    26.7    22.5    24.7    26.6    27.2    26.2    27.8    27.2
          Leases                         n.a.    n.a.    0.0     0.0     1.9     0.0     0.0     1.9     1.9     2.0     1.9     1.9     2.0
        Equipment                        8.9     8.2    11.3    10.7    13.0    10.5    11.3    13.0    12.8    13.3    12.5    13.2    13.3
          Loans                          4.7     5.3     4.7     4.2     6.6     4.1     4.9     6.6     6.1     6.7     5.8     6.5     6.7
          Leases                         4.2     2.8     6.6     6.5     6.4     6.4     6.4     6.4     6.7     6.6     6.6     6.6     6.6
        Other business receivables 8     0.5     0.8     2.4     4.0     6.8     5.3     5.3     6.8     8.2     8.0     8.3     8.3     8.0
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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: August 31, 1999