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

Release Date: August 28, 2000

Release dates | Historical data
Current release  Other formats: Screen reader | ASCII | PDF (17KB)


G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                               June 2000                                                    August 2000

OWNED AND MANAGED RECEIVABLES 2
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                                                                                 1999                            2000
                                                                        _______________________ _______________________________________

                                 1995    1996    1997    1998    1999     Q2      Q3      Q4      Q1      Q2      Apr    May r   Jun p
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     Total                        12.3    11.7     6.3     8.1    13.5    12.4    14.8     8.7    19.0    20.8    21.9    17.1    22.2
       Consumer                   15.3     8.7     6.6     7.6     9.2    10.1    10.2     3.5    11.9     5.0     3.7     8.4     3.0
       Real estate                 8.3    54.5     8.2     8.5    17.8    11.0    21.8    15.6    34.1    42.2    37.2    36.6    48.8
       Business                   10.8     4.8     5.4     8.3    15.9    15.0    16.5    10.8    19.8    26.1    31.4    17.3    28.0

Outstandings (billions of dollars)
     Total                       682.7   762.4   810.5   875.8   993.9   938.1   972.8   993.9  1054.1  1108.8  1073.3  1088.7  1108.8
       Consumer                  283.1   307.6   327.9   352.8   385.3   372.4   381.9   385.3   396.7   401.7   398.0   400.7   401.7
       Real estate                72.4   111.9   121.1   131.4   154.7   141.2   148.9   154.7   167.9   185.7   173.1   178.4   185.7
       Business                  327.2   342.9   361.5   391.6   453.9   424.5   442.0   453.9   489.4   521.4   502.2   509.5   521.4
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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              11.19    9.84    7.12    6.30    6.66    6.56    6.48    7.27    7.09    6.48    6.38    6.51    6.55
     Maturity (months)            54.1    51.6    54.1    52.1    52.7    52.5    51.9    53.5    52.9    53.6    53.8    53.5    53.4
     Loan-to-value ratio            92      91      92      92      92      92      92      91      92      93      93      93      93
     Amount financed (dollars)  16,210  16,987  18,077  19,083  19,880  19,565  20,013  20,517  20,368  20,552  20,542  20,621  20,494

  Used car loans
     Interest Rates              14.48   13.53   13.27   12.64   12.60   12.21   12.92   13.28   13.22   13.52   13.52   13.47   13.58
     Maturity (months)            52.2    51.4    51.0    53.5    55.9    56.0    55.9    55.8    57.1    57.2    57.1    57.1    57.3
     Loan-to-value ratio            99     100      99      99      99      99     100      99      98      99      98      99      99
     Amount financed (dollars)  11,590  12,182  12,281  12,691  13,642  13,721  13,478  13,787  13,724  14,082  13,871  14,132  14,244

  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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                                                                                       1999                            2000
                                                                              _______________________ _______________________________________

                                       1995    1996    1997    1998    1999     Q2      Q3      Q4      Q1      Q2      Apr    May r   Jun p
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                689.5   769.7   818.1   884.0  1003.2   942.9   968.4  1003.2  1057.0  1114.3  1073.6  1088.5  1114.3

    Consumer                           285.8   310.6   330.9   356.1   388.8   374.6   383.1   388.8   392.8   404.2   394.4   399.4   404.2
      Motor vehicle loans               81.1    86.7    87.0   103.1   114.7   108.6   109.5   114.7   121.1   125.7   120.9   124.1   125.7
      Motor vehicle leases              80.8    92.5    96.8    93.3    98.3    95.6    98.1    98.3   101.7   103.9   102.8   104.1   103.9
      Revolving 4                       28.5    32.5    38.6    32.3    33.8    32.4    30.7    33.8    31.5    33.1    31.9    31.6    33.1
      Other 5                           42.6    33.2    34.4    33.1    33.1    32.6    32.8    33.1    31.1    31.8    31.2    31.9    31.8
      Securitized Assets 6
        Motor vehicle loans             34.8    36.8    44.3    54.8    71.1    65.3    73.5    71.1    71.2    74.1    72.1    71.9    74.1
        Motor vehicle leases             3.5     8.7    10.8    12.7     9.7    11.3    10.6     9.7     8.8     7.9     8.5     8.2     7.9
        Revolving                        n.a.    0.0     0.0     8.7    10.5     9.7    10.2    10.5    10.3    11.1    10.1    11.1    11.1
        Other                           14.7    20.1    19.0    18.1    17.7    19.0    17.8    17.7    17.1    16.6    16.8    16.5    16.6

    Real estate                         72.4   111.9   121.1   131.4   154.7   141.2   148.9   154.7   167.9   185.7   173.1   178.4   185.7
      One- to four-family                n.a.   52.1    59.0    75.7    88.3    80.5    87.7    88.3    90.4    97.2    93.6    97.3    97.2
      Other                              n.a.   30.5    28.9    26.6    38.3    33.0    34.6    38.3    38.4    39.6    39.0    39.4    39.6
      Securitized real estate assets 6
        One- to four-family              n.a.   28.9    33.0    29.0    28.0    27.5    26.5    28.0    38.9    48.6    40.2    41.5    48.6
        Other                            n.a.    0.4     0.2     0.1     0.2     0.2     0.2     0.2     0.2     0.2     0.2     0.2     0.2

    Business                           331.2   347.2   366.1   396.5   459.6   427.1   436.3   459.6   496.3   524.5   506.1   510.7   524.5
      Motor vehicles                    66.5    67.1    63.5    79.6    87.8    82.8    80.3    87.8    90.2    94.5    93.6    94.8    94.5
        Retail loans                    21.8    25.1    25.6    28.1    33.2    30.9    34.5    33.2    32.3    33.8    32.7    33.3    33.8
        Wholesale loans                 36.6    33.0    27.7    32.8    34.7    32.7    26.8    34.7    37.9    38.4    38.9    39.5    38.4
        Leases                           8.0     9.0    10.2    18.7    19.9    19.2    19.0    19.9    19.9    22.3    22.0    22.0    22.3
      Equipment                        188.0   194.8   203.9   198.0   221.9   208.3   208.0   221.9   238.0   250.9   243.1   247.3   250.9
        Loans                           58.5    59.9    51.5    50.4    52.2    53.3    48.2    52.2    54.9    56.7    55.6    55.9    56.7
        Leases                         129.4   134.9   152.3   147.6   169.7   155.1   159.8   169.7   183.1   194.2   187.5   191.5   194.2
      Other business receivables 8      47.2    47.6    51.1    69.9    95.5    82.6    94.7    95.5   106.4   109.8   107.4   106.6   109.8
      Securitized Assets 6
        Motor vehicles                  20.6    24.0    33.0    29.2    31.5    32.1    31.0    31.5    31.5    31.7    32.3    32.0    31.7
          Retail loans                   1.8     2.7     2.4     2.6     2.9     2.9     2.6     2.9     3.2     2.9     3.1     3.0     2.9
          Wholesale loans               18.8    21.3    30.5    24.7    26.4    27.2    26.4    26.4    25.9    26.4    26.8    26.7    26.4
          Leases                         n.a.    0.0     0.0     1.9     2.1     2.0     2.0     2.1     2.4     2.4     2.4     2.4     2.4
        Equipment                        8.2    11.3    10.7    13.0    14.6    13.3    14.6    14.6    22.0    31.1    21.7    21.5    31.1
          Loans                          5.3     4.7     4.2     6.6     7.9     6.7     7.7     7.9    15.4    15.8    15.2    15.0    15.8
          Leases                         2.8     6.6     6.5     6.4     6.7     6.6     6.9     6.7     6.5    15.2     6.5     6.5    15.2
        Other business receivables 8     0.8     2.4     4.0     6.8     8.4     8.0     7.7     8.4     8.3     6.6     8.0     8.4     6.6
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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 28, 2000