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

Release Date: October 17, 2001
Release dates | Historical data
Current release  Other formats: Screen reader | ASCII | PDF (17KB)

G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                              August 2001                                                  October 2001

OWNED AND MANAGED RECEIVABLES 2
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                                                                                 2000                            2001
                                                                        _______________________ _______________________________________

                                 1996    1997    1998    1999    2000     Q2      Q3      Q4      Q1      Q2     Jun     Jul r   Aug p
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Seasonally Adjusted
Growth Rates (percent at an annual rate)
     Total                        11.7     6.3     8.1    13.5    14.5    12.8    13.1     9.5     5.1     7.0     6.6     6.5     3.2
       Consumer 3                  8.7     6.6     7.6     9.2    12.1     4.7    18.2    11.1    10.6     1.2    -3.0     2.7     5.0
       Real estate                54.5     8.2     8.5    17.8    13.0    16.1    17.4     9.5     6.3    13.4    -5.1    22.3    16.4
       Business                    4.8     5.4     8.3    15.9    17.0    18.2     7.7     7.2     0.1     9.9    18.8     4.4    -2.8

Outstandings (billions of dollars)
     Total                       762.4   810.5   875.8   993.9  1145.2  1076.9  1112.1  1145.2  1159.8  1180.2  1180.2  1186.6  1189.7
       Consumer 3                307.6   327.9   352.8   385.3   439.3   401.4   419.7   439.3   450.9   452.3   452.3   453.3   455.2
       Real estate               111.9   121.1   131.4   154.7   174.9   163.7   170.9   174.9   177.7   183.6   183.6   187.1   189.6
       Business                  342.9   361.5   391.6   453.9   531.0   511.7   521.6   531.0   531.1   544.2   544.2   546.2   544.9
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AUTO LOANS: TERMS OF CREDIT 4
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Percent except as noted; not seasonally adjusted
  New car loans
     Interest Rates               9.84    7.12    6.30    6.66    6.61    6.43    7.06    5.87    7.09    6.50    6.15    6.20    6.41
     Maturity (months)            51.6    54.1    52.1    52.7    54.9    54.3    55.7    56.7    55.1    56.8    57.2    57.3    57.7
     Loan-to-value ratio            91      92      92      92      92      93      91      92      90      91      91      91      91
     Amount financed (dollars)  16,987  18,077  19,083  19,880  20,923  20,504  20,694  22,126  21,813  21,969  22,124  22,687  22,591

  Used car loans
     Interest Rates              13.53   13.27   12.64   12.60   13.55   13.52   13.75   13.70   13.21   12.48   12.05   11.79   12.06
     Maturity (months)            51.4    51.0    53.5    55.9    57.0    57.2    57.1    56.8    57.9    57.8    57.6    57.6    57.6
     Loan-to-value ratio           100      99      99      99      99      99     100     100      99     100     100     100     100
     Amount financed (dollars)  12,182  12,281  12,691  13,642  14,058  14,083  14,128  14,298  14,155  14,428  14,586  14,571  14,321

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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.  The level of consumer credit outstanding in 2000:Q4 includes previously unreported assets, and thus represents a break in
  this series.  The 2000:Q4 growth rate is adjusted to exclude these previously unreported assets.
  4.  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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                                                                                       2000                            2001
                                                                              _______________________ _______________________________________

                                       1996    1997    1998    1999    2000     Q2      Q3      Q4      Q1      Q2      Jun    Jul r   Aug p
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                769.7   818.1   884.0  1003.2  1156.0  1082.3  1106.8  1156.0  1164.2  1186.2  1186.2  1181.1  1183.6

    Consumer 3                         310.6   330.9   356.1   388.8   443.4   403.9   421.0   443.4   446.9   453.1   453.1   455.1   456.6
      Motor vehicle loans               86.7    87.0   103.1   114.7   122.5   126.5   130.1   122.5   118.9   127.5   127.5   128.8   133.0
      Motor vehicle leases              92.5    96.8    93.3    98.3   102.9   103.9   104.6   102.9   101.3    99.7    99.7    99.5    99.0
      Revolving 5                       32.5    38.6    32.3    33.8    38.3    33.1    35.4    38.3    35.6    37.4    37.4    37.5    37.6
      Other 6                           33.2    34.4    33.1    33.1    32.4    30.7    31.7    32.4    31.3    26.1    26.1    26.4    26.7
      Securitized Assets 7
        Motor vehicle loans             36.8    44.3    54.8    71.1    97.1    74.1    78.8    97.1   108.0   110.2   110.2   111.4   108.9
        Motor vehicle leases             8.7    10.8    12.7     9.7     6.6     7.9     7.2     6.6     6.6     7.6     7.6     7.4     7.2
        Revolving                        0.0     0.0     8.7    10.5    27.5    11.1    17.2    27.5    28.8    29.1    29.1    29.1    28.9
        Other                           20.1    19.0    18.1    17.7    16.0    16.6    16.0    16.0    16.2    15.5    15.5    15.2    15.2

    Real estate                        111.9   121.1   131.4   154.7   174.9   163.7   170.9   174.9   177.7   183.6   183.6   187.1   189.6
      One- to four-family               52.1    59.0    75.7    88.3   105.4    96.6   100.9   105.4   108.1   113.3   113.3   117.1   118.9
      Other                             30.5    28.9    26.6    38.3    42.9    39.6    41.5    42.9    43.8    44.2    44.2    44.0    44.8
      Securitized real estate assets 7
        One- to four-family             28.9    33.0    29.0    28.0    24.7    27.4    26.5    24.7    23.9    23.4    23.4    23.2    23.0
        Other                            0.4     0.2     0.1     0.2     1.9     0.2     1.9     1.9     1.9     2.8     2.8     2.8     2.8

    Business                           347.2   366.1   396.5   459.6   537.7   514.7   514.9   537.7   539.7   549.5   549.5   539.0   537.4
      Motor vehicles                    67.1    63.5    79.6    87.8    95.2    94.5    94.1    95.2    91.9    91.9    91.9    87.6    85.9
        Retail loans                    25.1    25.6    28.1    33.2    31.0    33.8    34.8    31.0    30.5    29.4    29.4    29.5    29.5
        Wholesale loans                 33.0    27.7    32.8    34.7    39.6    38.4    35.5    39.6    35.8    36.6    36.6    32.4    30.7
        Leases                           9.0    10.2    18.7    19.9    24.6    22.3    23.7    24.6    25.6    25.8    25.8    25.7    25.7
      Equipment                        194.8   203.9   198.0   221.9   267.3   250.0   256.7   267.3   264.6   276.0   276.0   272.3   273.8
        Loans                           59.9    51.5    50.4    52.2    56.2    56.7    55.8    56.2    57.1    60.7    60.7    59.0    59.9
        Leases                         134.9   152.3   147.6   169.7   211.1   193.3   200.9   211.1   207.5   215.3   215.3   213.3   213.9
      Other business receivables 9      47.6    51.1    69.9    95.5   108.6   109.7   104.9   108.6   115.2   113.9   113.9   112.0   110.7
      Securitized Assets 7
        Motor vehicles                  24.0    33.0    29.2    31.5    37.8    31.7    31.9    37.8    40.0    39.0    39.0    38.2    38.1
          Retail loans                   2.7     2.4     2.6     2.9     3.2     2.9     2.4     3.2     2.8     3.1     3.1     2.9     2.8
          Wholesale loans               21.3    30.5    24.7    26.4    32.5    26.4    27.1    32.5    34.5    33.4    33.4    32.7    32.7
          Leases                         0.0     0.0     1.9     2.1     2.2     2.4     2.4     2.2     2.6     2.6     2.6     2.6     2.6
        Equipment                       11.3    10.7    13.0    14.6    23.1    22.3    21.4    23.1    22.5    22.6    22.6    23.0    22.7
          Loans                          4.7     4.2     6.6     7.9    15.5    15.8    15.1    15.5    14.6    15.2    15.2    15.2    14.8
          Leases                         6.6     6.5     6.4     6.7     7.6     6.4     6.4     7.6     7.9     7.5     7.5     7.8     7.9
        Other business receivables 9     2.4     4.0     6.8     8.4     5.6     6.6     5.8     5.6     5.6     6.0     6.0     6.0     6.2
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  5.  Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
  6.  Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel,
  boats, and recreation vehicles.
  7.  Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the
  loan originator.
  8.  Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
  9.  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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Current release  Other formats: Screen reader | ASCII | PDF (17KB)
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Last update: October 17, 2001