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

Release Date: December 17, 2001
Release dates | Historical data
Current release  Other formats: Screen reader | ASCII | PDF (17KB)
G.20                                                     FINANCE COMPANIES 1,2                                    For immediate release
                                                             October 2001                                                 December 2001

OWNED AND MANAGED RECEIVABLES 3
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                                                                             2000                            2001
                                                                        _______________ _______________________________________________

                                1996 r  1997 r  1998 r  1999 r  2000 r   Q3 r    Q4 r    Q1 r    Q2 r    Q3 r    Aug r   Sep r   Oct p
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Seasonally Adjusted
Growth Rates (percent at an annual rate)
     Total                        12.2     7.2    10.1    13.6    14.5    13.5     9.5     7.7    10.6     2.8     1.6     0.2    -7.1
       Consumer 4                 10.5    10.0     7.2    10.8    12.1    18.6    11.1    16.6     5.9     4.6    15.3    -4.6    -7.7
       Real estate                58.4    13.0    15.9    15.8    14.3    18.5    10.4     6.2    13.0     8.8    12.5   -10.1    26.7
       Business                    3.3     2.7    10.9    15.3    17.0     7.3     7.2     0.2    13.9    -1.2   -15.3     8.9   -20.0

Outstandings (billions of dollars)
     Total                       765.8   821.1   904.4  1027.0  1181.3  1151.7  1181.3  1203.9  1235.7  1244.3  1244.1  1244.3  1236.9
       Consumer 4                312.9   344.1   369.1   409.0   464.0   449.1   464.0   483.2   490.4   496.0   497.9   496.0   492.8
       Real estate               114.8   129.7   150.3   174.0   198.9   193.8   198.9   202.0   208.5   213.1   214.9   213.1   217.8
       Business                  338.2   347.2   385.0   444.0   518.4   508.7   518.4   518.7   536.8   535.2   531.2   535.2   526.3
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AUTO LOANS: TERMS OF CREDIT 5
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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    7.06    5.87    7.09    6.50    6.01    6.41    5.42    2.71
     Maturity (months)            51.6    54.1    52.1    52.7    54.9    55.7    56.7    55.1    56.8    57.4    57.7    57.2    53.7
     Loan-to-value ratio            91      92      92      92      92      91      92      90      91      92      91      92      94
     Amount financed (dollars)  16,987  18,077  19,083  19,880  20,923  20,694  22,126  21,813  21,969  22,775  22,591  23,049  24,443

  Used car loans
     Interest Rates              13.53   13.27   12.64   12.60   13.55   13.75   13.70   13.21   12.48   11.96   12.06   12.01   11.41
     Maturity (months)            51.4    51.0    53.5    55.9    57.0    57.1    56.8    57.9    57.8    57.6    57.6    57.6    57.2
     Loan-to-value ratio           100      99      99      99      99     100     100      99     100     100     100     101     100
     Amount financed (dollars)  12,182  12,281  12,691  13,642  14,058  14,128  14,298  14,155  14,428  14,434  14,321  14,408  14,627

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  1.  Data for finance companies have been revised from July 1996 forward as a result of benchmarking to the 2000 quinquennial
  finance company survey. This survey covered asset and liability information as of June 30, 2000. For more information,
  visit .
  2.  Includes finance company subsidiaries of bank holding companies but not of retailers and banks.
  3.  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.
  4.  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.
  5.  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 3
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                                                                                    2000                            2001
                                                                               _______________ _______________________________________________

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

  Total                                 773.1   828.7   912.7  1036.4  1192.1  1146.6  1192.1  1207.9  1241.8  1239.5  1238.3  1239.5  1235.7

    Consumer 4                          315.9   347.3   372.5   412.7   468.3   450.6   468.3   478.9   491.3   498.0   499.5   498.0   495.8
      Motor vehicle loans                88.8    93.3   113.5   129.2   141.6   148.2   141.6   138.6   144.6   151.5   153.6   151.5   159.6
      Motor vehicle leases               93.2    98.8    96.6   102.9   108.2   109.9   108.2   106.4   110.2   108.3   110.3   108.3   107.3
      Revolving 6                        32.0    37.0    31.9    32.5    37.6    33.6    37.6    34.9    36.8    35.9    37.1    35.9    28.0
      Other 7                            34.2    37.3    37.9    39.8    40.7    39.8    40.7    39.2    32.8    33.4    33.7    33.4    31.3
      Securitized Assets 8
        Motor vehicle loans              36.8    44.3    54.8    73.1    97.1    81.4    97.1   108.0   114.6   117.5   113.6   117.5   124.4
        Motor vehicle leases              8.7    10.8    12.7     9.7     6.6     7.2     6.6     6.6     7.6     7.0     7.2     7.0     6.9
        Revolving                         0.0     5.1     5.5     6.7    19.6    12.8    19.6    28.8    29.1    29.3    28.9    29.3    23.5
        Other                            22.3    20.8    19.6    18.8    17.1    17.7    17.1    16.2    15.5    15.0    15.2    15.0    14.8

    Real estate                         114.8   129.7   150.3   174.0   198.9   193.8   198.9   202.0   208.5   213.1   214.9   213.1   217.8
      One- to four-family                55.0    67.5    90.0   108.2   130.6   125.2   130.6   133.8   140.1   144.8   146.9   144.8   150.2
      Other                              30.6    29.0    31.2    37.6    41.7    40.2    41.7    42.3    42.2    42.6    42.2    42.6    42.1
      Securitized real estate assets 8
        One- to four-family              28.9    33.0    29.0    28.0    24.7    26.5    24.7    23.9    23.4    22.8    23.0    22.8    22.7
        Other                             0.4     0.2     0.1     0.2     1.9     1.9     1.9     1.9     2.8     2.9     2.8     2.9     2.9

    Business                            342.4   351.7   389.9   449.6   525.0   502.2   525.0   527.1   542.0   528.4   523.9   528.4   522.0
      Motor vehicles                     65.5    58.7    64.8    69.4    75.5    73.0    75.5    71.9    83.9    57.8    56.9    57.8    52.7
        Retail loans                     23.3    20.4    19.5    21.1    18.3    20.6    18.3    18.0    16.6    16.7    16.7    16.7    16.8
        Wholesale loans                  33.0    27.8    32.8    34.8    39.7    35.6    39.7    35.8    49.3    23.6    22.2    23.6    18.7
        Leases                            9.1    10.5    12.5    13.6    17.6    16.9    17.6    18.1    18.1    17.5    18.0    17.5    17.2
      Equipment                         192.9   198.0   212.2   238.7   283.5   274.1   283.5   283.4   292.6   288.2   290.0   288.2   290.6
        Loans                            61.6    56.8    59.2    64.5    70.2    69.6    70.2    71.4    76.1    76.8    75.2    76.8    79.9
        Leases                          131.2   141.2   153.0   174.2   213.3   204.5   213.3   212.0   216.4   211.4   214.8   211.4   210.7
      Other business receivables 10      46.3    47.5    63.9    87.0    99.4    95.9    99.4   103.8   105.4   105.1   102.9   105.1   104.8
      Securitized Assets 8
        Motor vehicles                   24.0    33.0    29.2    31.5    37.8    31.9    37.8    40.0    31.4    48.0    45.2    48.0    45.3
          Retail loans                    2.7     2.4     2.6     2.9     3.2     2.4     3.2     2.8     3.1     2.6     2.8     2.6     2.4
          Wholesale loans                21.3    30.5    24.7    26.4    32.5    27.1    32.5    34.5    25.8    42.8    39.8    42.8    40.3
          Leases                          0.0     0.0     1.9     2.1     2.2     2.4     2.2     2.6     2.6     2.7     2.6     2.7     2.7
        Equipment                        11.3    10.7    13.0    14.6    23.1    21.4    23.1    22.5    22.6    23.1    22.7    23.1    22.5
          Loans                           4.7     4.2     6.6     7.9    15.5    15.1    15.5    14.6    15.2    15.1    14.8    15.1    14.5
          Leases                          6.6     6.5     6.4     6.7     7.6     6.4     7.6     7.9     7.5     8.0     7.9     8.0     8.0
        Other business receivables 10     2.4     4.0     6.8     8.4     5.6     5.8     5.6     5.6     6.0     6.1     6.2     6.1     6.1
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  6.  Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
  7.  Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel,
  boats, and recreation vehicles.
  8.  Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the
  loan originator.
  9.  Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
  10. 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: December 17, 2001