Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: December 21, 2004
Release dates | Historical data
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G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                             October 2004                                                 December 2004

OWNED AND MANAGED RECEIVABLES OUTSTANDING 2
Seasonally adjusted
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                                                                             2003                            2004
                                                                        _______________ _______________________________________________

                                 1999    2000    2001    2002    2003     Q3      Q4      Q1      Q2     Q3 r    Aug r   Sep r   Oct p
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Percent change at annual rate 3
     Total                        13.6    15.8     4.6     2.3     4.4     8.4     5.7     6.7     3.1     8.2    11.3    11.6     3.1
       Consumer                   10.8    15.2     9.2     0.8     4.5    13.1     5.3     4.6     5.5     9.7     7.5    16.7     0.6
       Real estate                15.8    14.3     4.4     4.7    10.2    18.6     9.5     7.0    13.6    15.6    17.4    20.4    16.1
       Business                   15.5    17.0     0.6     2.9     1.9    -0.2     4.4     8.6    -3.8     3.3    12.4     2.6    -0.4

Amount: billions of dollars
     Total                      1030.2  1193.1  1248.4  1277.4  1333.1  1314.4  1333.1  1355.4  1366.0  1393.8  1380.5  1393.8  1397.5
       Consumer                  409.7   472.0   515.2   519.1   542.5   535.4   542.5   548.8   556.4   569.9   562.1   569.9   570.2
       Real estate               174.0   198.9   207.7   217.4   239.6   234.0   239.6   243.8   252.1   261.9   257.6   261.9   265.4
       Business                  446.5   522.3   525.5   540.9   551.0   545.0   551.0   562.9   557.5   562.0   560.8   562.0   561.9
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AUTO LOANS: TERMS OF CREDIT 4
Percent except as noted: not seasonally adjusted
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  New car loans
     Interest rates               6.66    6.61    5.65    4.29    3.40    3.55    3.80    3.24    3.65    5.54    5.62    5.74    4.42
     Maturity (months)            52.7    54.9    55.1    56.8    61.4    63.0    62.5    59.7    60.2    60.9    60.8    60.9    63.4
     Loan-to-value ratio            92      92      91      94      95      94      94      94      92      85      84      81      85
     Amount financed (dollars)  19,880  20,923  22,822  24,747  26,295  25,733  26,493  26,470  25,525  23,179  22,951  22,765  24,711

  Used car loans
     Interest rates              12.60   13.55   12.18   10.74    9.72    9.57    9.14    9.21    8.84    8.93    8.96    8.92    8.94
     Maturity (months)            55.9    57.0    57.5    57.5    57.5    57.8    57.0    56.5    56.9    57.1    57.1    57.2    57.1
     Loan-to-value ratio            99      99     100     100     100     100     100      99     101     100     100      99      99
     Amount financed (dollars)  13,643  14,058  14,416  14,532  14,613  14,654  14,935  14,523  14,957  15,350  15,197  15,490  15,547

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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 series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect
  of such breaks.
  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 OUTSTANDING 2
(Billions of dollars)
Not seasonally adjusted
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                                                                                   2003                            2004
                                                                              _______________ _______________________________________________

                                       1999    2000    2001    2002    2003     Q3      Q4      Q1      Q2     Q3 r    Aug r   Sep r   Oct p
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  Total                               1036.4  1199.8  1255.3  1284.3  1340.4  1309.3  1340.4  1358.4  1371.4  1388.6  1371.4  1388.6  1397.4

    Consumer                           412.8   475.9   519.7   523.9   547.7   536.3   547.7   545.1   553.9   570.8   562.4   570.8   573.0
      Motor vehicle loans              129.2   141.6   173.9   160.2   197.0   196.7   197.0   202.5   206.3   224.0   215.3   224.0   228.3
      Motor vehicle leases             102.9   108.2   103.5    83.3    70.0    75.4    70.0    66.6    65.0    62.9    63.5    62.9    62.5
      Revolving 5                       32.5    37.6    31.5    38.9    37.6    37.3    37.6    37.6    39.9    45.5    41.3    45.5    45.4
      Other 6                           39.9    41.3    32.7    38.7    60.9    50.1    60.9    67.2    78.5    83.2    82.4    83.2    83.3
      Securitized assets 7
        Motor vehicle loans             73.1    97.1   131.9   151.9   132.8   129.6   132.8   122.6   120.4   113.5   116.5   113.5   113.1
        Motor vehicle leases             9.7     6.6     6.8     5.7     5.5     5.7     5.5     5.3     5.1     5.0     5.0     5.0     4.9
        Revolving                        6.7    27.5    25.0    31.1    31.6    28.9    31.6    31.5    28.1    26.7    28.0    26.7    25.5
        Other                           18.8    16.0    14.3    14.0    12.2    12.7    12.2    11.6    10.7    10.1    10.4    10.1    10.0

    Real estate                        174.0   198.9   207.7   217.4   239.6   234.0   239.6   243.8   252.1   261.9   257.6   261.9   265.4
      One-to-four family               108.2   130.6   120.1   135.0   152.2   151.8   152.2   159.5   167.9   176.2   172.4   176.2   180.1
      Other                             37.6    41.7    41.2    39.5    46.7    42.8    46.7    46.7    46.0    48.3    47.4    48.3    48.1
      Securitized assets 7
        One-to-four family              28.0    24.7    40.7    39.7    36.9    37.6    36.9    36.1    35.4    34.8    35.0    34.8    34.6
        Other                            0.2     1.9     5.7     3.2     3.8     1.8     3.8     1.5     2.8     2.7     2.8     2.7     2.7

    Business                           449.6   525.0   527.9   543.0   553.1   539.0   553.1   569.5   565.4   555.8   551.4   555.8   558.9
      Motor vehicles                    69.4    75.5    54.0    60.7    74.9    62.2    74.9    88.8    95.4    84.1    87.2    84.1    86.9
        Retail loans                    21.1    18.3    16.1    15.4    18.2    18.1    18.2    16.6    18.0    19.7    19.3    19.7    19.7
        Wholesale loans 8               34.8    39.7    20.3    29.3    40.3    30.5    40.3    48.1    52.8    38.1    43.0    38.1    41.0
        Leases                          13.6    17.6    17.6    16.0    16.3    13.6    16.3    24.1    24.6    26.2    24.8    26.2    26.2
      Equipment                        238.7   283.5   289.4   292.1   277.6   278.2   277.6   275.2   265.0   260.9   259.7   260.9   263.0
        Loans                           64.5    70.2    77.8    83.3    74.6    73.1    74.6    75.7    68.5    68.6    68.2    68.6    69.9
        Leases                         174.2   213.3   211.6   208.8   203.1   205.1   203.1   199.5   196.4   192.3   191.5   192.3   193.1
      Other business receivables 9      87.0    99.4   103.5   102.5   105.0   105.1   105.0   111.6   110.9   111.4   110.9   111.4   110.4
      Securitized assets 7
        Motor vehicles                  31.5    37.8    50.1    50.2    48.4    47.2    48.4    48.4    45.6    48.4    45.6    48.4    47.4
          Retail loans                   2.9     3.2     5.1     2.4     2.2     2.2     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    42.8    44.2    44.1    41.3    44.2    41.4    44.2    43.2
          Leases                         2.1     2.2     2.5     1.9     2.1     2.1     2.1     2.1     2.1     2.1     2.1     2.1     2.1
        Equipment                       14.6    23.1    23.2    20.2    22.1    22.3    22.1    20.1    22.7    24.2    22.0    24.2    24.2
          Loans                          7.9    15.5    16.4    13.0    12.5    13.2    12.5    11.6    12.2    11.7    11.6    11.7    11.7
          Leases                         6.7     7.6     6.8     7.2     9.6     9.1     9.6     8.5    10.5    12.5    10.4    12.5    12.5
        Other business receivables 9     8.4     5.6     7.7    17.4    25.1    23.9    25.1    25.4    25.9    26.8    25.9    26.8    26.9
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    5.  Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
    6.  Includes student loans, 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.
    r=revised.  p=preliminary. 
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