Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: December 31, 2009
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G.20                                                      FINANCE COMPANIES 1                                              October 2009
                                                         For immediate release                                        December 31, 2009

OWNED AND MANAGED RECEIVABLES OUTSTANDING 2,3
Seasonally adjusted
            2008 2009
  2004 2005 2006 2007 2008 Q3 Q4 Q1 Q2 Q3 Aug Sep r Oct p
Percent change at annual rate 4 
      Total   10.5   6.5   6.1   2.0   -6.4   -7.4   -16.6   -15.7   -16.3   -12.2   -13.1   -14.2   -21.1 
        Consumer   8.5   5.1   5.6   8.0   -5.7   -6.0   -15.2   -19.0   -15.9   -11.1   -6.0   -15.4   -36.5 
        Real estate   25.1   12.9   9.0   -6.7   -15.4   -20.5   -18.9   -5.6   -7.4   -13.0   -8.8   -11.7   -16.4 
        Business   2.3   2.6   3.7   2.9   1.1   1.8   -16.8   -19.2   -24.0   -13.2   -26.7   -14.6   -3.2 
 
Amount: billions of dollars 
      Total   1782.6   1898.5   2013.4   2054.4   1922.2   2005.6   1922.2   1846.8   1771.8   1717.6   1738.2   1717.6   1687.5 
        Consumer   737.7   775.4   819.1   884.3   833.6   866.6   833.6   794.0   762.4   741.3   750.9   741.3   718.7 
        Real estate   498.0   562.0   612.6   571.3   483.3   507.3   483.3   476.6   467.8   452.6   457.0   452.6   446.4 
        Business   546.9   561.0   581.7   598.8   605.2   631.7   605.2   576.2   541.6   523.8   530.2   523.8   522.4 
AUTO LOANS: TERMS OF CREDIT 5
Percent except as noted: not seasonally adjusted
 
   New car loans 
      Interest rates   4.92   6.02   4.99   4.87   5.52   4.87   7.09   4.71   3.45   3.66   4.06   3.50   3.42 
      Maturity (months)   60.7   60.0   63.0   62.0   63.4   65.4   62.3   59.3   62.1   62.7   61.8   63.6   64.4 
      Loan-to-value ratio   89   88   94   95   91   89   86   87   92   90   86   91   93 
      Amount financed (dollars)   24,888   24,133   26,620   28,287   26,178   26,643   24,400   25,518   28,577   27,884   24,405   30,380   32,223 
 
   Used car loans 
      Interest rates   8.81   8.81   9.61   9.24   8.74   8.44   9.26   9.73   9.71   9.50   9.52   9.32   8.84 
      Maturity (months)   57.9   58.6   59.4   60.7   59.8   59.8   58.8   57.7   58.1   59.5   59.6   60.6   60.9 
      Loan-to-value ratio   99   98   99   100   98   97   101   103   101   101   102   100   99 
      Amount financed (dollars)   15,136   16,228   16,671   17,095   16,664   16,474   16,196   15,104   15,780   16,346   16,194   16,858   17,325 
 
  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
            2008 2009
  2004 2005 2006 2007 2008 Q3 Q4 Q1 Q2 Q3 Aug Sep r Oct p
 
   Total   1795.4   1910.9   2025.4   2065.6   1932.4   2005.1   1932.4   1842.5   1767.5   1717.3   1734.9   1717.3   1688.2 
 
     Consumer   743.9   781.4   825.4   891.1   840.2   873.9   840.2   787.8   757.8   747.6   754.5   747.6   723.6 
       Motor vehicle loans   298.3   278.0   259.8   261.5   247.7   258.5   247.7   231.3   220.2   213.5   217.2   213.5   211.6 
       Motor vehicle leases   74.1   85.3   106.0   122.9   111.1   118.5   111.1   101.8   94.0   90.2   91.7   90.2   88.9 
       Revolving 6   50.4   66.3   79.9   86.0   74.4   83.3   74.4   52.0   50.0   47.3   48.3   47.3   46.9 
       Other 7   143.7   172.3   194.7   236.5   253.7   254.4   253.7   263.6   256.4   259.8   260.9   259.8   240.1 
       Securitized assets 8 
         Motor vehicle loans   98.2   112.6   112.8   110.7   85.1   90.7   85.1   74.4   73.6   73.2   73.0   73.2   72.6 
         Motor vehicle leases   4.8   4.2   3.6   3.1   2.7   2.8   2.7   2.6   2.5   2.4   2.5   2.4   2.4 
         Revolving   23.1   14.9   15.9   25.6   25.5   24.7   25.5   22.9   23.0   23.8   23.5   23.8   23.8 
         Other   51.3   47.8   52.8   44.7   40.0   41.0   40.0   39.3   38.1   37.3   37.6   37.3   37.2 
 
     Real estate   501.3   565.0   614.8   572.4   483.9   505.0   483.9   475.8   462.3   450.5   455.1   450.5   447.0 
       One-to-four family   422.0   489.8   538.1   472.7   375.4   395.2   375.4   368.4   356.1   345.1   349.2   345.1   341.7 
       Other   54.0   51.6   56.2   59.1   72.5   73.4   72.5   71.8   70.8   70.5   70.8   70.5   70.5 
       Securitized assets 8 
         One-to-four family   21.8   18.9   16.8   34.9   31.0   31.2   31.0   30.8   30.6   30.4   30.5   30.4   30.4 
         Other   3.5   4.8   3.7   5.6   5.0   5.2   5.0   4.8   4.8   4.4   4.6   4.4   4.4 
 
     Business   550.2   564.5   585.2   602.2   608.3   626.2   608.3   578.9   547.5   519.2   525.3   519.2   517.6 
       Motor vehicles   84.8   105.5   105.1   105.7   95.1   97.3   95.1   80.0   72.4   66.9   65.6   66.9   68.4 
         Retail loans   15.1   15.2   17.1   16.4   12.8   14.1   12.8   11.6   11.1   10.2   10.5   10.2   10.0 
         Wholesale loans 9   44.9   61.2   55.7   56.9   51.3   52.4   51.3   48.6   42.2   39.3   37.2   39.3   41.2 
         Leases   24.8   29.0   32.3   32.4   31.0   30.8   31.0   19.8   19.1   17.3   17.9   17.3   17.2 
       Equipment   273.4   281.9   299.5   328.2   347.0   356.5   347.0   338.5   322.5   311.7   315.2   311.7   309.1 
         Loans   87.8   93.6   102.4   111.4   115.9   119.0   115.9   120.1   109.2   100.5   103.1   100.5   98.5 
         Leases   185.6   188.3   197.1   216.9   231.1   237.5   231.1   218.5   213.2   211.2   212.1   211.2   210.6 
       Other business receivables 10   93.3   91.8   93.5   89.0   97.8   103.2   97.8   98.1   98.1   95.7   96.7   95.7   95.4 
       Securitized assets 8 
         Motor vehicles   44.8   28.8   38.0   33.6   27.4   26.1   27.4   24.7   17.9   13.4   14.6   13.4   13.4 
           Retail loans   2.2   2.7   3.0   2.6   2.4   2.4   2.4   3.5   3.3   3.5   3.4   3.5   3.5 
           Wholesale loans   40.6   26.0   34.9   30.9   25.0   23.7   25.0   21.2   14.5   9.9   11.2   9.9   9.9 
           Leases   2.0   0.1   0.1   0.1   0.0   0.0   0.0   0.0   0.0   0.0   0.0   0.0   0.0 
         Equipment   23.6   24.4   15.4   13.3   10.7   11.6   10.7   7.4   6.6   6.2   6.3   6.2   6.1 
           Loans   11.5   11.6   9.9   9.4   7.1   7.6   7.1   3.8   3.2   2.8   2.9   2.8   2.7 
           Leases   12.1   12.8   5.5   3.9   3.6   3.9   3.6   3.7   3.4   3.5   3.5   3.5   3.5 
         Other business receivables 10   30.2   32.2   33.8   32.4   30.3   31.4   30.3   30.1   30.0   25.3   26.9   25.3   25.2 

    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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