Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: November 27, 2006
Release dates | Historical data
Current release  Other formats:  Screen reader | ASCII | PDF (17 KB)
G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                            September 2006                                                November 2006

OWNED AND MANAGED RECEIVABLES OUTSTANDING 2
Seasonally adjusted
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                                                                             2005                            2006
                                                                        _______________ _______________________________________________

                                 2001    2002    2003    2004    2005     Q3      Q4      Q1     Q2 r    Q3 p    Jul r   Aug r   Sep p
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Percent change at annual rate 3
     Total                         8.5     7.5     8.5    10.6     6.4     1.2    12.2     9.9     6.8     4.4     6.1     6.4     0.7
       Consumer                   14.2     5.4    14.8     8.5     5.0    -2.9     3.7     6.1     8.6     5.2    15.9     6.8    -7.2
       Real estate                14.9    20.6     9.2    25.1    12.7     3.7    28.8    24.0     0.6     7.1    -1.2     7.4    15.0
       Business                   -0.3     2.0     1.0     2.3     2.6     4.5     8.3     1.1    10.8     0.6    -0.1     4.9    -3.1

Amount: billions of dollars
     Total                      1383.7  1487.0  1613.7  1783.9  1898.1  1841.8  1898.1  1945.1  1978.2  2000.0  1988.1  1998.8  2000.0
       Consumer                  561.3   591.4   679.0   736.4   773.0   766.0   773.0   784.7   801.6   812.0   812.3   816.9   812.0
       Real estate               303.7   366.4   400.2   500.5   564.1   526.1   564.1   597.9   598.8   609.4   598.2   601.9   609.4
       Business                  518.6   529.2   534.5   547.0   561.0   549.6   561.0   562.5   577.7   578.5   577.6   580.0   578.5
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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               5.65    4.29    3.40    4.36    5.46    5.80    5.97    5.34    5.62    3.24    2.07    3.69    3.97
     Maturity (months)            55.1    56.8    61.4    60.5    60.0    60.2    61.1    61.8    61.0    64.2    66.5    62.9    63.3
     Loan-to-value ratio            91      94      95      89      88      88      89      90      90      93      96      91      92
     Amount financed (dollars)  22,822  24,747  26,295  24,888  24,133  24,575  24,363  24,926  25,300  27,111  28,052  26,468  26,813

  Used car loans
     Interest rates              12.18   10.74    9.72    8.96    9.03    8.78    8.88    9.08    9.54   10.00    9.66   10.06   10.28
     Maturity (months)            57.5    57.5    57.5    56.8    57.6    57.5    57.6    57.8    57.5    57.4    57.6    57.3    57.2
     Loan-to-value ratio           100     100     100     100      98      98      99      98      99      99     100      99     100
     Amount financed (dollars)  14,416  14,532  14,613  15,136  16,228  16,371  17,010  16,599  16,676  16,745  16,745  16,627  16,864

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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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                                                                                   2005                            2006
                                                                              _______________ _______________________________________________

                                       2001    2002    2003    2004    2005     Q3      Q4      Q1     Q2 r    Q3 p    Jul r   Aug r   Sep p
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  Total                               1392.5  1496.1  1624.1  1795.4  1910.9  1842.1  1910.9  1930.9  1973.1  2000.6  1977.8  1993.8  2000.6

    Consumer                           567.4   597.7   686.1   743.9   781.4   770.5   781.4   778.8   794.7   816.7   805.6   814.2   816.7
      Motor vehicle loans              196.7   198.1   250.1   298.3   278.0   282.9   278.0   267.2   262.8   267.3   265.1   270.5   267.3
      Motor vehicle leases             107.4    89.8    79.0    74.1    85.3    82.3    85.3    91.7    97.8   102.3    99.4   101.3   102.3
      Revolving 5                       34.8    44.4    45.3    50.4    66.3    57.7    66.3    63.7    69.5    71.8    70.6    71.6    71.8
      Other 6                           48.5    65.0    97.7   143.7   172.3   167.8   172.3   168.6   174.5   185.0   178.5   182.7   185.0
      Securitized assets 7
        Motor vehicle loans            128.0   145.4   123.7    98.2   112.6   109.1   112.6   115.4   116.2   114.7   117.6   113.3   114.7
        Motor vehicle leases             6.8     5.7     5.5     4.8     4.2     4.3     4.2     4.0     3.9     3.7     3.8     3.8     3.7
        Revolving                       30.9    34.5    33.8    23.1    14.9    18.7    14.9    15.4    15.1    16.0    15.2    15.5    16.0
        Other                           14.3    14.7    51.0    51.3    47.8    47.5    47.8    52.7    55.1    55.8    55.3    55.6    55.8

    Real estate                        304.0   366.6   400.6   501.3   565.0   529.1   565.0   583.3   594.2   612.9   602.1   609.5   612.9
      One-to-four family               209.7   285.6   320.2   422.0   489.8   454.1   489.8   507.9   517.4   536.3   525.1   532.7   536.3
      Other                             48.5    44.9    50.0    54.0    51.6    51.7    51.6    52.7    54.9    55.5    55.2    55.2    55.5
      Securitized assets 7
        One-to-four family              40.1    33.0    26.7    21.8    18.9    19.6    18.9    18.2    17.5    17.2    17.5    17.3    17.2
        Other                            5.7     3.2     3.8     3.5     4.8     3.7     4.8     4.5     4.3     3.9     4.3     4.3     3.9

    Business                           521.2   531.8   537.4   550.2   564.5   542.5   564.5   568.9   584.2   571.1   570.0   570.2   571.1
      Motor vehicles                    51.8    56.9    69.6    84.8   105.5    80.4   105.5   110.2   112.8   102.7   103.4   102.7   102.7
        Retail loans                    15.0    13.6    15.7    15.1    15.2    17.8    15.2    16.0    16.7    17.0    16.8    16.9    17.0
        Wholesale loans 8               19.8    28.5    39.3    44.9    61.2    35.9    61.2    65.0    65.8    55.1    56.4    55.1    55.1
        Leases                          16.9    14.8    14.6    24.8    29.0    26.8    29.0    29.3    30.3    30.7    30.2    30.7    30.7
      Equipment                        292.3   296.9   284.3   273.4   281.9   276.4   281.9   284.4   291.7   290.6   289.5   289.6   290.6
        Loans                           83.6    92.9    88.0    87.8    93.6    90.5    93.6    97.3   101.3   101.6   102.1   101.5   101.6
        Leases                         208.7   204.0   196.3   185.6   188.3   185.8   188.3   187.1   190.4   189.0   187.3   188.1   189.0
      Other business receivables 9      96.2    90.2    87.8    93.3    91.8    94.2    91.8    88.2    91.9    93.3    92.6    93.5    93.3
      Securitized assets 7
        Motor vehicles                  50.1    50.2    48.4    44.8    28.8    39.9    28.8    35.6    36.7    33.6    33.9    33.7    33.6
          Retail loans                   5.1     2.4     2.2     2.2     2.7     2.7     2.7     2.6     2.6     2.5     2.6     2.6     2.5
          Wholesale loans               42.5    45.9    44.2    40.6    26.0    37.0    26.0    32.9    34.0    31.0    31.2    31.0    31.0
          Leases                         2.5     1.9     2.1     2.0     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1
        Equipment                       23.2    20.2    22.1    23.6    24.4    23.8    24.4    15.7    16.8    15.7    16.4    16.2    15.7
          Loans                         16.4    13.0    12.5    11.5    11.6    12.4    11.6     9.7    10.9    10.1    10.5    10.3    10.1
          Leases                         6.8     7.2     9.6    12.1    12.8    11.4    12.8     6.0     5.9     5.6     5.9     5.9     5.6
        Other business receivables 9     7.7    17.4    25.1    30.2    32.2    27.9    32.2    34.7    34.3    35.2    34.4    34.4    35.2
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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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