Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: April 29, 2004
Release dates | Historical data
Current release  Other formats:  Screen reader | ASCII | PDF (17 KB)
G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                             February 2004                                                   April 2004

OWNED AND MANAGED RECEIVABLES 2
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                                                                         2002                    2003                        2004
                                                                        _______ _______________________________________ _______________

                                 1999    2000    2001    2002   2003 r    Q4      Q1      Q2      Q3      Q4r    Dec r   Jan r   Feb p
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Seasonally Adjusted
Growth Rates (percent at an annual rate)
     Total                        13.6    15.8     4.6     2.3     3.6     2.7     1.7     0.6     9.0     3.2    -3.2     7.0     4.9
       Consumer 3                 10.7    15.2     9.2     0.8     2.7    -5.0     2.0    -4.0    14.9    -1.8     2.7     8.5    -9.4
       Real estate 4              15.8    14.3     4.4     4.7    10.2    18.3    -5.9    17.6    18.6     9.5    -6.4    21.0    11.6
       Business                   15.5    17.0     0.6     2.9     1.9     4.3     4.4    -1.7    -0.6     5.4    -7.5    -0.5    15.8

Outstandings (billions of dollars)
     Total                      1030.4  1193.3  1248.7  1277.5  1324.1  1277.5  1282.9  1284.8  1313.7  1324.1  1324.1  1331.9  1337.3
       Consumer 3                409.7   472.0   515.2   519.1   533.3   519.1   521.7   516.5   535.7   533.3   533.3   537.1   532.8
       Real estate 4             174.0   198.9   207.7   217.4   239.6   217.4   214.2   223.6   234.0   239.6   239.6   243.8   246.2
       Business                  446.6   522.5   525.8   541.0   551.3   541.0   547.1   544.7   543.9   551.3   551.3   551.0   558.3
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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               6.66    6.61    5.65    4.29    3.40    3.18    3.65    2.61    3.55    3.80    3.56    3.20    3.00
     Maturity (months)            52.7    54.9    55.1    56.8    61.4    57.4    59.1    61.1    63.0    62.5    61.3    59.9    59.6
     Loan-to-value ratio            92      92      91      94      95      96      96      97      94      94      94      94      94
     Amount financed (dollars)  19,880  20,923  22,822  24,747  26,295  26,283  25,486  27,468  25,733  26,493  27,105  27,240  26,296

  Used car loans
     Interest rates              12.60   13.55   12.18   10.74    9.72   10.59   10.32    9.85    9.57    9.14    9.18    9.22    9.29
     Maturity (months)            55.9    57.0    57.5    57.5    57.5    57.0    57.7    57.7    57.8    57.0    56.2    56.4    56.6
     Loan-to-value ratio            99      99     100     100     100     100      99      99     100     100     100      99      99
     Amount financed (dollars)  13,643  14,058  14,416  14,532  14,613  14,650  14,328  14,537  14,654  14,935  14,949  14,535  14,434

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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.  The series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect
  of such breaks.
  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 2
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                                                                                2002                    2003                        2004
                                                                               _______ _______________________________________ _______________

                                        1999    2000    2001    2002   2003 r    Q4      Q1      Q2      Q3     Q4 r    Dec r   Jan r   Feb p
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                                                                                             Not Seasonally Adjusted
Outstandings (billions of dollars)

  Total                                1036.4  1199.8  1255.3  1284.3  1331.1  1284.3  1284.9  1292.7  1309.3  1331.1  1331.1  1332.8  1335.7

    Consumer 3                          412.8   475.9   519.7   523.9   538.3   523.9   518.0   516.2   536.3   538.3   538.3   537.8   532.2
      Motor vehicle loans               129.2   141.6   173.9   160.2   197.0   160.2   155.9   166.6   196.7   197.0   197.0   199.0   201.1
      Motor vehicle leases              102.9   108.2   103.5    83.3    70.0    83.3    81.8    76.7    75.4    70.0    70.0    68.9    67.6
      Revolving 6                        32.5    37.6    31.5    38.9    37.6    38.9    36.3    34.6    37.3    37.6    37.6    39.9    39.5
      Other 7                            39.9    41.3    32.7    38.7    51.6    38.7    40.9    43.1    50.1    51.6    51.6    51.8    49.4
      Securitized Assets 8
        Motor vehicle loans              73.1    97.1   131.9   151.9   132.8   151.9   152.1   146.5   129.6   132.8   132.8   129.8   126.2
        Motor vehicle leases              9.7     6.6     6.8     5.7     5.5     5.7     6.2     6.0     5.7     5.5     5.5     5.4     5.3
        Revolving                         6.7    27.5    25.0    31.1    31.6    31.1    30.7    29.5    28.9    31.6    31.6    31.1    31.1
        Other                            18.8    16.0    14.3    14.0    12.2    14.0    13.9    13.3    12.7    12.2    12.2    12.0    11.9

    Real estate                         174.0   198.9   207.7   217.4   239.6   217.4   214.2   223.6   234.0   239.6   239.6   243.8   246.2
      One- to four-family               108.2   130.6   120.1   135.0   152.2   135.0   133.9   142.5   151.8   152.2   152.2   156.5   158.7
      Other                              37.6    41.7    41.2    39.5    46.7    39.5    40.1    40.9    42.8    46.7    46.7    46.8    47.2
      Securitized real estate assets 8
        One- to four-family              28.0    24.7    40.7    39.7    36.9    39.7    39.2    38.4    37.6    36.9    36.9    36.6    36.4
        Other                             0.2     1.9     5.7     3.2     3.8     3.2     1.1     1.8     1.8     3.8     3.8     3.8     3.8

    Business                            449.6   525.0   527.9   543.0   553.2   543.0   552.8   552.9   539.0   553.2   553.2   551.2   557.3
      Motor vehicles                     69.4    75.5    54.0    60.7    74.9    60.7    65.3    69.9    62.2    74.9    74.9    72.7    76.4
        Retail loans                     21.1    18.3    16.1    15.4    18.2    15.4    16.3    17.2    18.1    18.2    18.2    17.7    17.5
        Wholesale loans 9                34.8    39.7    20.3    29.3    40.3    29.3    34.0    38.4    30.5    40.3    40.3    38.7    42.7
        Leases                           13.6    17.6    17.6    16.0    16.3    16.0    15.0    14.2    13.6    16.3    16.3    16.3    16.3
      Equipment                         238.7   283.5   289.4   292.1   277.6   292.1   287.5   283.4   278.2   277.6   277.6   276.4   276.9
        Loans                            64.5    70.2    77.8    83.3    74.6    83.3    78.0    77.5    73.1    74.6    74.6    74.8    75.5
        Leases                          174.2   213.3   211.6   208.8   203.1   208.8   209.5   205.9   205.1   203.1   203.1   201.6   201.3
      Other business receivables 10      87.0    99.4   103.5   102.5   105.0   102.5   101.1   102.6   105.1   105.0   105.0   104.9   106.4
      Securitized Assets 8
        Motor vehicles                   31.5    37.8    50.1    50.2    48.5    50.2    53.1    50.0    47.2    48.5    48.5    50.5    51.0
          Retail loans                    2.9     3.2     5.1     2.4     2.2     2.4     2.2     2.2     2.2     2.2     2.2     2.2     2.2
          Wholesale loans                26.4    32.5    42.5    45.9    44.2    45.9    48.6    45.6    42.8    44.2    44.2    46.2    46.7
          Leases                          2.1     2.2     2.5     1.9     2.1     1.9     2.2     2.1     2.1     2.1     2.1     2.1     2.1
        Equipment                        14.6    23.1    23.2    20.2    22.1    20.2    21.9    23.5    22.3    22.1    22.1    21.7    21.5
          Loans                           7.9    15.5    16.4    13.0    12.5    13.0    12.2    12.9    13.2    12.5    12.5    12.1    12.0
          Leases                          6.7     7.6     6.8     7.2     9.6     7.2     9.7    10.6     9.1     9.6     9.6     9.6     9.5
        Other business receivables 10     8.4     5.6     7.7    17.4    25.1    17.4    23.9    23.6    23.9    25.1    25.1    25.0    25.1
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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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