Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: October 22, 2003
Release dates | Historical data
Current release  Other formats:  Screen reader | ASCII | PDF (17 KB)
G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                              August 2003                                                  October 2003

OWNED AND MANAGED RECEIVABLES 2
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                                                                                 2002                            2003
                                                                        _______________________ _______________________________________

                                 1998   1999 r  2000 r  2001 r  2002 r   Q2 r    Q3 r    Q4 r    Q1 r    Q2 r    Jun r   Jul r   Aug p
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Seasonally Adjusted
Growth Rates (percent at an annual rate)
     Total                        10.2    13.6    15.1     5.2     2.2     5.5     3.4     1.7     2.3     0.9    -9.8     5.3     9.6
       Consumer 3                  7.2    10.8    13.5    10.7     0.7     6.5    -1.1    -5.9     2.4    -3.7   -14.5    -1.4    11.5
       Real estate                15.9    15.8    14.3     4.4     4.2    10.1     9.8    17.5    -2.0    17.2    -2.7    51.1     5.4
       Business                   11.1    15.5    17.0     0.6     2.9     3.0     5.5     3.5     3.9    -0.6    -8.0    -3.6     9.7

Outstandings (billions of dollars)
     Total                       907.0  1030.5  1186.3  1248.1  1275.9  1260.2  1270.6  1275.9  1283.1  1286.0  1286.0  1291.5  1301.5
       Consumer 3                370.0   409.9   465.0   514.8   518.6   528.0   526.5   518.6   521.7   516.8   516.8   516.2   520.8
       Real estate               150.3   174.0   198.9   207.7   216.5   203.1   207.9   216.5   215.4   224.1   224.1   231.9   232.9
       Business                  386.7   446.6   522.3   525.6   540.9   529.1   536.2   540.9   546.0   545.1   545.1   543.5   547.7
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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               6.30    6.66    6.61    5.65    4.29    5.97    2.68    3.18    3.65    2.61    2.93    3.28    3.56
     Maturity (months)            52.1    52.7    54.9    55.1    56.8    57.3    58.9    57.4    59.1    61.1    62.4    62.7    63.0
     Loan-to-value ratio            92      92      92      91      94      92      96      96      96      97      97      95      93
     Amount financed (dollars)  19,083  19,880  20,923  22,822  24,747  23,432  25,959  26,283  25,486  27,468  26,945  26,129  25,407

  Used car loans
     Interest rates              12.64   12.60   13.55   12.18   10.74   10.85   10.50   10.59   10.32    9.85    9.81    9.77    9.57
     Maturity (months)            53.5    55.9    57.0    57.5    57.5    57.7    57.6    57.0    57.7    57.7    57.8    57.8    57.9
     Loan-to-value ratio            99      99      99     100     100     101     100     100      99      99     100     100     100
     Amount financed (dollars)  12,691  13,643  14,058  14,416  14,532  14,565  14,727  14,650  14,328  14,537  14,567  14,632  14,623

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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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                                                                                       2002                            2003
                                                                              _______________________ _______________________________________

                                       1998   1999 r  2000 r  2001 r  2002 r   Q2 r    Q3 r    Q4 r    Q1 r    Q2 r    Jun r   Jul r   Aug p
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                912.7  1036.4  1192.8  1255.3  1283.4  1267.1  1264.3  1283.4  1286.3  1293.1  1293.1  1288.0  1292.4

    Consumer 3                         372.5   412.8   469.0   519.7   523.9   527.5   526.5   523.9   518.2   516.2   516.2   516.2   521.2
      Motor vehicle loans              113.5   129.2   141.6   173.9   160.2   170.3   176.5   160.2   156.2   166.6   166.6   172.7   178.0
      Motor vehicle leases              96.6   102.9   108.2   103.5    83.3    96.4    88.5    83.3    81.8    76.7    76.7    74.8    73.2
      Revolving 5                       31.9    32.5    37.6    31.5    38.9    32.1    37.3    38.9    36.3    34.6    34.6    35.0    36.6
      Other 6                           37.9    39.9    41.3    32.7    38.7    35.9    35.9    38.7    40.9    43.1    43.1    42.0    44.4
      Securitized Assets 7
        Motor vehicle loans             54.8    73.1    97.1   131.9   151.9   142.4   138.9   151.9   152.1   146.5   146.5   143.6   141.8
        Motor vehicle leases            12.7     9.7     6.6     6.8     5.7     6.2     6.0     5.7     6.2     6.0     6.0     5.9     5.8
        Revolving                        5.5     6.7    19.6    25.0    31.1    29.2    29.1    31.1    30.7    29.5    29.5    29.2    28.8
        Other                           19.6    18.8    17.1    14.3    14.0    15.0    14.4    14.0    13.9    13.2    13.2    12.9    12.5

    Real estate                        150.3   174.0   198.9   207.7   216.5   203.1   207.9   216.5   215.4   224.1   224.1   231.9   232.9
      One- to four-family               90.0   108.2   130.6   120.1   135.0   121.8   126.5   135.0   133.9   142.5   142.5   150.7   152.0
      Other                             31.2    37.6    41.7    41.2    39.5    38.7    39.0    39.5    40.1    40.9    40.9    40.8    40.8
      Securitized real estate assets 7
        One- to four-family             29.0    28.0    24.7    40.7    39.7    40.9    40.1    39.7    39.2    38.4    38.4    38.1    37.8
        Other                            0.1     0.2     1.9     5.7     2.2     1.7     2.2     2.2     2.2     2.2     2.2     2.2     2.2

    Business                           389.9   449.6   525.0   527.9   543.0   536.5   530.0   543.0   552.8   552.9   552.9   539.9   538.3
      Motor vehicles                    64.8    69.4    75.5    54.0    60.7    59.9    56.9    60.7    65.3    69.9    69.9    61.9    60.9
        Retail loans                    19.5    21.1    18.3    16.1    15.4    17.0    17.6    15.4    16.3    17.2    17.2    17.7    17.6
        Wholesale loans 8               32.8    34.8    39.7    20.3    29.3    25.8    23.3    29.3    34.0    38.4    38.4    30.0    29.1
        Leases                          12.5    13.6    17.6    17.6    16.0    17.1    15.9    16.0    15.0    14.2    14.2    14.2    14.2
      Equipment                        212.2   238.7   283.5   289.4   292.1   288.0   289.2   292.1   287.5   283.4   283.4   281.0   281.1
        Loans                           59.2    64.5    70.2    77.8    83.3    78.9    82.8    83.3    78.0    77.5    77.5    76.3    76.7
        Leases                         153.0   174.2   213.3   211.6   208.8   209.2   206.4   208.8   209.5   205.9   205.9   204.7   204.4
      Other business receivables 9      63.9    87.0    99.4   103.5   102.5   101.5    99.4   102.5   101.1   102.6   102.6   102.9   102.0
      Securitized Assets 7
        Motor vehicles                  29.2    31.5    37.8    50.1    50.2    45.5    43.8    50.2    53.1    50.0    50.0    46.7    47.0
          Retail loans                   2.6     2.9     3.2     5.1     2.4     2.4     2.2     2.4     2.2     2.2     2.2     2.2     2.2
          Wholesale loans               24.7    26.4    32.5    42.5    45.9    40.8    39.3    45.9    48.6    45.6    45.6    42.3    42.7
          Leases                         1.9     2.1     2.2     2.5     1.9     2.3     2.3     1.9     2.2     2.1     2.1     2.1     2.1
        Equipment                       13.0    14.6    23.1    23.2    20.2    21.7    21.6    20.2    21.9    23.5    23.5    23.7    23.4
          Loans                          6.6     7.9    15.5    16.4    13.0    15.0    14.8    13.0    12.2    12.9    12.9    13.1    12.8
          Leases                         6.4     6.7     7.6     6.8     7.2     6.7     6.7     7.2     9.7    10.6    10.6    10.6    10.6
        Other business receivables 9     6.8     8.4     5.6     7.7    17.4    19.9    19.1    17.4    23.9    23.6    23.6    23.8    23.8
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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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