G.20 FINANCE COMPANIES 1 For immediate release December 2010 February 2011 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2,3 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2009 2010 _______ _______________________________________________________ 2006 2007 2008 2009 2010 p Q4 Q1 Q2 Q3 Q4 p Oct r Nov r Dec p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 4 Total 6.1 2.1 -6.4 -15.5 -9.2 -20.1 -10.5 -10.2 -8.3 -9.2 -22.7 -18.5 13.8 Consumer 5.6 7.9 -5.8 -16.3 -7.9 -23.1 -4.7 -9.9 -17.9 0.1 -40.3 -6.8 49.0 Real estate 9.1 -6.6 -15.2 -10.6 -13.6 -15.8 -17.9 -10.8 -10.6 -18.1 -23.1 -17.5 -14.5 Business 3.8 3.1 1.2 -18.4 -7.1 -19.6 -12.1 -10.3 7.6 -14.2 1.3 -34.4 -9.8 Amount: billions of dollars Total 2014.8 2057.2 1926.3 1626.8 1477.1 1626.8 1584.2 1543.6 1511.7 1477.1 1483.1 1460.3 1477.1 Consumer 818.6 883.3 832.5 696.4 641.3 696.4 688.2 671.2 641.2 641.3 619.6 616.1 641.3 Real estate 614.0 573.7 486.5 435.0 375.8 435.0 415.6 404.3 393.6 375.8 386.0 380.4 375.8 Business 582.2 600.1 607.3 495.4 460.0 495.4 480.4 468.1 477.0 460.0 477.5 463.8 460.0 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 5 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 4.99 4.87 5.52 3.82 4.26 3.47 4.31 4.09 4.08 4.57 4.52 4.63 4.55 Maturity (months) 63.0 62.0 63.4 62.0 63.0 63.9 62.9 62.9 63.8 62.5 63.4 62.8 61.3 Loan-to-value ratio 94 95 91 90 86 92 89 87 87 82 83 82 82 Amount financed (dollars) 26,620 28,287 26,178 28,272 27,959 31,109 28,444 27,888 28,081 27,423 27,576 27,433 27,260 Used car loans Interest rates 9.61 9.24 8.74 9.41 8.16 8.70 8.45 8.17 8.06 7.97 8.02 8.01 7.89 Maturity (months) 59.4 60.7 59.8 59.2 62.6 61.7 61.6 62.6 62.9 63.4 63.2 63.2 63.8 Loan-to-value ratio 99 100 98 101 96 98 96 95 96 96 96 96 96 Amount financed (dollars) 16,671 17,095 16,664 16,225 18,124 17,668 17,815 18,171 18,085 18,424 18,366 18,252 18,653 --------------------------------------------------------------------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------------------------------------- 2009 2010 _______ _______________________________________________________ 2006 2007 2008 2009 2010 p Q4 Q1 Q2 Q3 Q4 p Oct r Nov r Dec p ---------------------------------------------------------------------------------------------------------------------------------------------- Total 2025.4 2065.6 1932.4 1630.6 1480.7 1630.6 1579.9 1540.3 1515.4 1480.7 1484.8 1462.1 1480.7 Consumer 825.4 891.1 840.2 703.0 647.3 703.0 681.2 666.0 648.5 647.3 624.6 620.5 647.3 Motor vehicle loans 259.8 261.5 247.7 205.6 185.4 205.6 203.5 195.3 191.9 185.4 189.3 186.3 185.4 Motor vehicle leases 106.0 122.9 111.1 85.4 72.7 85.4 80.7 77.2 75.0 72.7 74.3 73.0 72.7 Revolving 6 79.9 86.0 74.4 46.4 72.0 46.4 65.9 65.9 67.2 72.0 68.6 69.9 72.0 Other 7 194.7 236.5 253.7 235.8 261.7 235.8 267.6 266.0 258.6 261.7 236.5 235.4 261.7 Securitized assets 8 Motor vehicle loans 112.8 110.7 85.1 67.3 50.4 67.3 57.7 56.1 50.5 50.4 50.7 50.7 50.4 Motor vehicle leases 3.6 3.1 2.7 2.3 2.0 2.3 2.3 2.2 2.1 2.0 2.1 2.0 2.0 Revolving 15.9 25.6 25.5 24.1 0.1 24.1 0.2 0.2 0.1 0.1 0.1 0.1 0.1 Other 52.8 44.7 40.0 36.2 3.0 36.2 3.4 3.3 3.2 3.0 3.1 3.1 3.0 Real estate 614.8 572.4 483.9 431.9 373.1 431.9 417.6 401.6 391.6 373.1 385.7 380.2 373.1 One-to-four family 538.1 472.7 375.4 327.7 278.9 327.7 317.0 303.3 295.3 278.9 290.0 285.0 278.9 Other 56.2 59.1 72.5 69.7 63.8 69.7 69.9 67.7 65.9 63.8 65.4 64.9 63.8 Securitized assets 8 One-to-four family 16.8 34.9 31.0 30.3 29.8 30.3 30.1 29.9 29.8 29.8 29.7 29.7 29.8 Other 3.7 5.6 5.0 4.3 0.6 4.3 0.7 0.6 0.6 0.6 0.6 0.6 0.6 Business 585.2 602.2 608.3 495.6 460.2 495.6 481.1 472.7 475.3 460.2 474.5 461.4 460.2 Motor vehicles 105.1 105.7 95.1 63.4 64.5 63.4 69.7 67.1 63.7 64.5 64.0 62.6 64.5 Retail loans 17.1 16.4 12.8 10.1 9.3 10.1 11.2 11.0 10.8 9.3 10.6 10.4 9.3 Wholesale loans 9 55.7 56.9 51.3 37.0 43.1 37.0 43.1 41.6 39.6 43.1 40.9 40.5 43.1 Leases 32.3 32.4 31.0 16.3 12.1 16.3 15.4 14.5 13.3 12.1 12.5 11.6 12.1 Equipment 299.5 328.2 347.0 296.9 292.3 296.9 294.2 290.3 308.8 292.3 307.7 296.2 292.3 Loans 102.4 111.4 115.9 92.2 104.0 92.2 94.6 93.5 112.1 104.0 111.2 108.9 104.0 Leases 197.1 216.9 231.1 204.7 188.3 204.7 199.6 196.9 196.7 188.3 196.5 187.2 188.3 Other business receivables 10 93.5 89.0 97.8 88.6 73.2 88.6 83.7 81.8 69.5 73.2 69.5 69.3 73.2 Securitized assets 8 Motor vehicles 38.0 33.6 27.4 12.4 2.9 12.4 5.9 5.9 5.9 2.9 5.9 5.9 2.9 Retail loans 3.0 2.6 2.4 3.0 2.1 3.0 2.1 2.1 2.1 2.1 2.1 2.1 2.1 Wholesale loans 34.9 30.9 25.0 9.4 0.8 9.4 3.8 3.8 3.8 0.8 3.8 3.8 0.8 Leases 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Equipment 15.4 13.3 10.7 6.8 4.0 6.8 4.1 4.1 4.0 4.0 4.0 4.0 4.0 Loans 9.9 9.4 7.1 3.4 1.1 3.4 1.2 1.2 1.2 1.1 1.1 1.1 1.1 Leases 5.5 3.9 3.6 3.4 2.9 3.4 2.9 2.9 2.9 2.9 2.9 2.9 2.9 Other business receivables 10 33.8 32.4 30.3 27.6 23.3 27.6 23.6 23.5 23.4 23.3 23.4 23.3 23.3 ---------------------------------------------------------------------------------------------------------------------------------------------- 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.