Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: July 31, 2007
Release dates | Historical data
Current release  Other formats:  Screen reader | ASCII | PDF (17 KB)
G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                               May 2007                                                       July 2007

OWNED AND MANAGED RECEIVABLES OUTSTANDING 2
Seasonally adjusted
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                                                                                     2006                            2007
                                                                        _______________________________ _______________________________

                                 2002    2003    2004    2005    2006     Q1      Q2      Q3      Q4     Q1 r    Mar r   Apr r   May p
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Percent change at annual rate 3
     Total                         7.5     8.5    10.6     6.4     6.0     9.6     6.2     5.5     2.4     3.2     3.4     0.7     0.2
       Consumer                    5.4    14.8     8.5     5.0     5.6     5.3     6.8     6.4     3.7    10.1     8.8     3.7     8.6
       Real estate                20.6     9.2    25.1    12.7     8.8    24.0     0.5     7.1     2.9    -0.6    10.1   -11.3    -6.4
       Business                    2.0     1.0     2.3     2.6     3.8     1.1    11.5     2.6    -0.1    -2.5   -11.5     9.2    -5.1

Amount: billions of dollars
     Total                      1487.0  1613.7  1783.9  1898.1  2012.7  1943.6  1973.8  2000.9  2012.7  2028.7  2028.7  2029.9  2030.2
       Consumer                  591.4   679.0   736.4   773.0   816.6   783.3   796.5   809.2   816.6   837.2   837.2   839.8   845.8
       Real estate               366.4   400.2   500.5   564.1   613.8   597.9   598.6   609.3   613.8   612.9   612.9   607.1   603.8
       Business                  529.2   534.5   547.0   561.0   582.3   562.5   578.6   582.4   582.3   578.6   578.6   583.1   580.6
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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               4.29    3.40    4.36    5.46    4.96    5.34    5.62    3.24    5.62    4.78    3.89    5.04    4.88
     Maturity (months)            56.8    61.4    60.5    60.0    62.3    61.8    61.0    64.2    62.0    59.9    58.3    57.8    61.1
     Loan-to-value ratio            94      95      89      88      91      90      90      93      93      91      91      92      94
     Amount financed (dollars)  24,747  26,295  24,888  24,133  25,958  24,926  25,300  27,111  26,495  26,615  26,998  27,013  27,163

  Used car loans
     Interest rates              10.74    9.72    8.96    9.03    9.67    9.08    9.54   10.00   10.07    9.36    9.29    9.20    9.35
     Maturity (months)            57.5    57.5    56.8    57.6    57.5    57.8    57.5    57.4    57.4    59.0    59.3    59.4    59.4
     Loan-to-value ratio           100     100     100      98      99      98      99      99     100     100     100     102     103
     Amount financed (dollars)  14,532  14,613  15,136  16,228  16,671  16,599  16,676  16,745  16,663  16,974  17,044  16,979  16,938

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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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                                                                                           2006                            2007
                                                                              _______________________________ _______________________________

                                       2002    2003    2004    2005    2006     Q1      Q2      Q3      Q4     Q1 r    Mar r   Apr r   May p
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  Total                               1496.1  1624.1  1795.4  1910.9  2026.3  1929.5  1968.8  2001.6  2026.3  2014.0  2014.0  2021.4  2024.8

    Consumer                           597.7   686.1   743.9   781.4   825.4   777.3   789.7   813.9   825.4   830.8   830.8   833.2   838.3
      Motor vehicle loans              198.1   250.1   298.3   278.0   259.8   267.1   262.6   270.4   259.8   254.2   254.2   253.9   254.5
      Motor vehicle leases              89.8    79.0    74.1    85.3   106.0    91.7    97.8   102.1   106.0   110.7   110.7   112.5   114.6
      Revolving 5                       44.4    45.3    50.4    66.3    79.9    63.7    69.5    72.2    79.9    72.9    72.9    73.8    74.1
      Other 6                           65.0    97.7   143.7   172.3   194.7   168.6   172.9   183.6   194.7   205.3   205.3   205.9   207.6
      Securitized assets 7
        Motor vehicle loans            145.4   123.7    98.2   112.6   112.8   114.0   113.4   110.1   112.8   112.1   112.1   111.6   112.2
        Motor vehicle leases             5.7     5.5     4.8     4.2     3.6     4.0     3.9     3.7     3.6     3.5     3.5     3.4     3.4
        Revolving                       34.5    33.8    23.1    14.9    15.9    15.4    14.6    16.0    15.9    20.9    20.9    20.9    20.8
        Other                           14.7    51.0    51.3    47.8    52.8    52.7    55.0    55.8    52.8    51.3    51.3    51.2    51.1

    Real estate                        366.6   400.6   501.3   565.0   614.9   583.3   594.0   612.7   614.9   597.9   597.9   599.0   599.8
      One-to-four family               285.6   320.2   422.0   489.8   538.1   507.9   517.4   536.3   538.1   527.4   527.4   528.6   529.5
      Other                             44.9    50.0    54.0    51.6    56.3    52.7    54.6    55.3    56.3    52.5    52.5    52.4    52.5
      Securitized assets 7
        One-to-four family              33.0    26.7    21.8    18.9    16.8    18.2    17.5    17.2    16.8    15.5    15.5    15.4    15.3
        Other                            3.2     3.8     3.5     4.8     3.7     4.5     4.3     3.9     3.7     2.6     2.6     2.6     2.6

    Business                           531.8   537.4   550.2   564.5   586.0   568.9   585.1   574.9   586.0   585.2   585.2   589.2   586.7
      Motor vehicles                    56.9    69.6    84.8   105.5   105.1   110.2   112.8   102.3   105.1   106.3   106.3   106.5   107.4
        Retail loans                    13.6    15.7    15.1    15.2    17.1    16.0    16.7    17.0    17.1    17.8    17.8    17.9    17.9
        Wholesale loans 8               28.5    39.3    44.9    61.2    55.7    65.0    65.8    54.6    55.7    56.3    56.3    56.3    57.0
        Leases                          14.8    14.6    24.8    29.0    32.3    29.3    30.3    30.7    32.3    32.2    32.2    32.2    32.5
      Equipment                        296.9   284.3   273.4   281.9   299.5   284.4   291.7   294.1   299.5   304.9   304.9   310.5   311.6
        Loans                           92.9    88.0    87.8    93.6   102.4    97.3   101.3   101.6   102.4   106.7   106.7   108.8   109.0
        Leases                         204.0   196.3   185.6   188.3   197.1   187.1   190.4   192.5   197.1   198.2   198.2   201.8   202.5
      Other business receivables 9      90.2    87.8    93.3    91.8    93.5    88.2    92.9    94.1    93.5    94.2    94.2    93.2    91.2
      Securitized assets 7
        Motor vehicles                  50.2    48.4    44.8    28.8    38.0    35.6    36.7    33.6    38.0    37.0    37.0    36.4    34.1
          Retail loans                   2.4     2.2     2.2     2.7     3.0     2.6     2.6     2.5     3.0     2.9     2.9     2.9     2.9
          Wholesale loans               45.9    44.2    40.6    26.0    34.9    32.9    34.0    31.0    34.9    34.0    34.0    33.5    31.1
          Leases                         1.9     2.1     2.0     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1
        Equipment                       20.2    22.1    23.6    24.4    15.4    15.7    16.8    15.7    15.4    14.5    14.5    14.3    14.3
          Loans                         13.0    12.5    11.5    11.6     9.9     9.7    10.9    10.1     9.9     9.4     9.4     9.1     9.1
          Leases                         7.2     9.6    12.1    12.8     5.5     6.0     5.9     5.6     5.5     5.1     5.1     5.1     5.1
        Other business receivables 9    17.4    25.1    30.2    32.2    34.6    34.7    34.3    35.2    34.6    28.3    28.3    28.2    28.2
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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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