Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: September 30, 2008
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G.20                                                      FINANCE COMPANIES 1                                     For immediate release
                                                               July 2008                                                 September 2008

OWNED AND MANAGED RECEIVABLES OUTSTANDING 2,3
Seasonally adjusted
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                                                                                 2007                            2008
                                                                        _______________________ _______________________________________

                                2003 r  2004 r  2005 r  2006 r  2007 r   Q2 r    Q3 r    Q4 r    Q1 r    Q2 r    May r   Jun r   Jul p
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Percent change at annual rate 4
     Total                         8.5    10.5     6.4     6.0     1.8     0.2     6.5    -2.2     4.8    -5.8    -2.5   -11.0    -3.7
       Consumer                   14.8     8.4     5.1     5.7     8.3     8.2    10.9     4.4     1.0    -1.7     0.0    -7.2    -3.5
       Real estate                 9.3    25.2    12.8     8.8    -7.4   -13.2    -1.3   -12.1     0.9   -30.0   -22.3   -51.1   -24.1
       Business                    0.9     2.3     2.5     3.7     2.1     2.5     8.0    -2.3    14.2    10.5    11.6    18.8    13.0

Amount: billions of dollars
     Total                      1611.4  1781.0  1895.4  2009.8  2045.1  2023.4  2056.4  2045.1  2069.9  2039.7  2058.7  2039.7  2033.4
       Consumer                  680.4   737.9   775.2   819.4   887.4   854.4   877.7   887.4   889.7   885.9   891.2   885.9   883.3
       Real estate               396.9   496.9   560.4   609.9   565.0   584.5   582.6   565.0   566.3   523.9   547.2   523.9   513.3
       Business                  534.1   546.2   559.7   580.6   592.7   584.5   596.1   592.7   613.8   630.0   620.3   630.0   636.8
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AUTO LOANS: TERMS OF CREDIT 5
Percent except as noted: not seasonally adjusted
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  New car loans
     Interest rates               3.81    4.92    6.02    4.99    4.87    5.08    4.85    4.55    4.85    5.28    5.82    5.49    3.31
     Maturity (months)            61.3    60.7    60.0    63.0    62.0    61.7    62.1    62.9    62.6    63.5    64.0    63.5    67.2
     Loan-to-value ratio            95      89      88      94      95      96      95      95      94      93      92      93      96
     Amount financed (dollars)  26,295  24,888  24,133  26,620  28,287  27,702  28,349  29,512  28,174  25,493  24,579  24,505  27,528

  Used car loans
     Interest rates               9.86    8.81    8.81    9.61    9.24    9.08    8.86    9.64    8.95    8.31    8.23    8.36    8.47
     Maturity (months)            58.0    57.9    58.6    59.4    60.7    61.2    60.8    60.4    60.0    60.4    60.5    60.2    60.2
     Loan-to-value ratio           100      99      98      99     100     102     101      98      96      96      97      97      96
     Amount financed (dollars)  14,613  15,136  16,228  16,671  17,095  17,016  17,152  17,239  17,132  16,853  17,114  16,163  16,703

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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.  Seasonally adjusted series have been revised from January 1998 forward as a result of new seasonal factors.
  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 OUTSTANDING 2
(Billions of dollars)
Not seasonally adjusted
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                                                                                        2007                            2008
                                                                               _______________________ _______________________________________

                                        2003    2004    2005    2006    2007     Q2      Q3      Q4      Q1      Q2      May    Jun r   Jul p
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  Total                                1624.1  1795.4  1910.9  2026.2  2061.8  2022.4  2052.0  2061.8  2063.2  2039.1  2058.9  2039.1  2022.0

    Consumer                            686.1   743.9   781.4   825.4   893.5   849.1   883.3   893.5   882.9   880.4   884.4   880.4   880.9
      Motor vehicle loans               250.1   298.3   278.0   259.8   262.9   254.0   261.9   262.9   255.7   252.3   256.1   252.3   255.0
      Motor vehicle leases               79.0    74.1    85.3   106.0   122.9   116.3   120.5   122.9   124.9   121.9   125.3   121.9   122.1
      Revolving 6                        45.3    50.4    66.3    79.9    86.0    75.1    78.3    86.0    82.1    84.0    83.9    84.0    83.9
      Other 7                            97.7   143.7   172.3   194.7   234.9   214.2   228.5   234.9   244.7   247.6   246.5   247.6   247.1
      Securitized assets 8
        Motor vehicle loans             123.7    98.2   112.6   112.8   113.3   113.4   118.9   113.3   103.5   104.9   102.0   104.9   103.1
        Motor vehicle leases              5.5     4.8     4.2     3.6     3.1     3.4     3.2     3.1     3.0     2.9     2.9     2.9     2.9
        Revolving                        33.8    23.1    14.9    15.9    25.6    24.3    25.9    25.6    25.4    24.5    24.8    24.5    24.5
        Other                            51.0    51.3    47.8    52.8    44.7    48.3    46.1    44.7    43.6    42.4    42.9    42.4    42.3

    Real estate                         400.6   501.3   565.0   614.8   569.8   583.4   579.3   569.8   561.8   522.9   547.5   522.9   512.4
      One-to-four family                320.2   422.0   489.8   538.1   474.2   510.0   503.2   474.2   457.9   420.4   442.6   420.4   410.6
      Other                              50.0    54.0    51.6    56.2    59.1    53.2    57.2    59.1    67.8    71.1    70.0    71.1    70.5
      Securitized assets 8
        One-to-four family               26.7    21.8    18.9    16.8    34.9    15.4    15.2    34.9    34.7    31.4    34.4    31.4    31.3
        Other                             3.8     3.5     4.8     3.7     1.6     4.8     3.8     1.6     1.4     0.0     0.5     0.0     0.0

    Business                            537.4   550.2   564.5   586.0   598.6   589.9   589.4   598.6   618.5   635.7   627.0   635.7   628.7
      Motor vehicles                     69.6    84.8   105.5   105.1   105.7   108.3   104.2   105.7   107.8   112.8   110.0   112.8   108.4
        Retail loans                     15.7    15.1    15.2    17.1    16.4    18.1    18.0    16.4    15.3    14.7    14.8    14.7    14.6
        Wholesale loans 9                39.3    44.9    61.2    55.7    56.9    56.9    53.2    56.9    60.7    64.5    63.4    64.5    60.2
        Leases                           14.6    24.8    29.0    32.3    32.4    33.3    33.0    32.4    31.9    33.6    31.8    33.6    33.6
      Equipment                         284.3   273.4   281.9   299.5   319.4   309.5   310.8   319.4   333.4   347.2   342.0   347.2   346.9
        Loans                            88.0    87.8    93.6   102.4   106.1   106.7   106.4   106.1   115.9   113.5   114.8   113.5   113.6
        Leases                          196.3   185.6   188.3   197.1   213.3   202.8   204.5   213.3   217.4   233.7   227.2   233.7   233.3
      Other business receivables 10      87.8    93.3    91.8    93.5    94.4    91.5    92.9    94.4   100.8   103.9   103.1   103.9   103.3
      Securitized assets 8
        Motor vehicles                   48.4    44.8    28.8    38.0    33.6    40.3    40.3    33.6    31.5    23.6    24.7    23.6    22.3
          Retail loans                    2.2     2.2     2.7     3.0     2.6     2.9     2.8     2.6     2.6     2.5     2.5     2.5     2.5
          Wholesale loans                44.2    40.6    26.0    34.9    30.9    37.3    37.5    30.9    28.9    21.1    22.1    21.1    19.8
          Leases                          2.1     2.0     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.1     0.0
        Equipment                        22.1    23.6    24.4    15.4    13.1    12.1    13.1    13.1    13.3    13.7    13.7    13.7    13.3
          Loans                          12.5    11.5    11.6     9.9     9.2     8.8     9.4     9.2     9.2     9.5     9.6     9.5     9.2
          Leases                          9.6    12.1    12.8     5.5     3.9     3.3     3.7     3.9     4.1     4.2     4.1     4.2     4.2
        Other business receivables 10    25.1    30.2    32.2    34.6    32.4    28.2    28.1    32.4    31.7    34.5    33.5    34.5    34.5
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    6.  Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
    7.  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.
    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.
    r=revised.  p=preliminary.
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