Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: July 22, 2013
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G.20                                                         FINANCE COMPANIES 1                                         For immediate release
                                                                   May 2013                                                          July 2013

Owned and Managed Receivables Outstanding 2
Seasonally adjusted. Billions of dollars except as noted.
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                                                                                            2012                            2013
                                                                               _______________________________ _______________________________

                                        2008    2009    2010    2011    2012     Q1      Q2      Q3      Q4      Q1      Mar     Apr    Mayp
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 Total percent change (annual rate) 3    -7.4   -15.6    -6.7    -3.1     0.0    -1.7    -0.6     0.6     1.7     0.1     4.4     1.7     3.4
  Consumer                               -6.1   -16.1    -4.7    -1.3     2.0     2.2    -0.6     2.2     4.2     2.5     2.8     1.0     6.6
  Real estate                           -12.6   -10.8   -12.9   -13.0   -10.7   -15.8   -10.9   -11.0   -13.2   -20.2   -27.8    -5.4    -3.6
  Business                               -4.1   -19.1    -3.6     1.4     3.4     0.0     6.8     3.2     3.6     4.2    22.5     6.2    -0.5

 Total flow (annual rate) 4            -151.7  -298.3  -107.4   -46.6    -0.3   -25.6    -8.6     8.8    24.2     1.0    61.8    23.6    47.2
  Consumer                              -54.7  -134.5   -33.3   -10.5    16.4    18.2    -5.3    17.7    35.0    21.0    23.2     8.2    55.3
  Real estate                           -72.4   -54.2   -57.6   -41.2   -29.6   -43.8   -29.0   -21.0   -24.6   -36.4   -48.7    -9.3    -6.1
  Business                              -24.7  -109.7   -16.5     5.2    12.9     0.0    25.8    12.1    13.9    16.4    87.2    24.6    -2.1

 Total outstanding                     1911.9  1613.6  1518.2  1471.6  1404.5  1465.2  1396.2  1398.4  1404.5  1404.7  1404.7  1406.7  1410.6
  Consumer                              836.6   702.1   827.7   817.1   833.5   821.7   820.4   824.8   833.5   838.8   838.8   839.5   844.1
  Real estate                           502.0   447.9   317.8   276.6   180.1   265.6   191.5   186.3   180.1   171.0   171.0   170.2   169.7
  Business                              573.3   463.6   372.7   377.9   390.8   377.9   384.3   387.4   390.8   394.9   394.9   397.0   396.8
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Auto Loans: Terms of Credit 5
Not seasonally adjusted. Percent except as noted.
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New car loans
 Interest rates                          5.52    3.82    4.26    4.73    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
 Maturity (months)                       63.4    62.0    63.0    62.3    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
 Loan-to-value ratio                       91      90      86      80    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
 Amount financed (dollars)             26,178  28,272  27,959  26,673    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.

Used car loans
 Interest rates                          8.74    9.41    8.16    7.73    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
 Maturity (months)                       59.8    59.2    62.6    64.5    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
 Loan-to-value ratio                       98     101      96      96    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
 Amount financed (dollars)             16,664  16,225  18,124  18,723    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.    n.a.
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Owned and Managed Receivables Outstanding (Levels) 2
(Billions of dollars)
Not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
                                                                                     2012                            2013
                                                                        _______________________________ _______________________________

                                 2008    2009    2010    2011    2012     Q1      Q2      Q3      Q4      Q1      Mar     Apr    Mayp
---------------------------------------------------------------------------------------------------------------------------------------

Total                           1911.9  1613.6  1518.2  1471.6  1404.5  1461.9  1387.1  1393.9  1404.5  1401.4  1401.4  1401.0  1403.5

Consumer                         836.6   702.1   827.7   817.1   833.5   813.8   814.6   823.5   833.5   830.9   830.9   832.2   837.2
 Motor vehicle loans             246.2   213.5   277.4   276.9   298.2   280.2   286.9   294.8   298.2   301.0   301.0   302.0   304.1
 Motor vehicle leases            108.8    83.5   111.8   119.7   144.0   124.2   129.9   137.2   144.0   149.7   149.7   152.2   154.2
 Revolving 6                      62.0    38.3    81.5    82.9    71.4    76.8    68.8    69.8    71.4    67.0    67.0    66.6    67.6
 Other 7                         253.2   229.0   346.0   328.1   311.1   323.6   320.1   312.9   311.1   304.3   304.3   302.6   302.7
 Securitized assets 8
  Motor vehicle loans             66.0    49.0     1.8     1.2     1.6     1.0     1.2     1.4     1.6     1.9     1.9     1.8     1.7
  Motor vehicle leases             0.1     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
  Revolving                       59.2    53.5     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
  Other                           48.3    44.2     9.1     8.2     7.2     7.9     7.7     7.4     7.2     7.0     7.0     6.9     6.9

Real estate                      502.0   447.9   317.8   276.6   180.1   269.4   192.8   188.6   180.1   174.7   174.7   173.7   172.9
  One-to-four family             416.1   366.0   169.5   149.7   132.6   146.1   137.2   134.9   132.6   129.3   129.3   128.3   126.9
  Other                           66.8    64.3    74.0    61.8    47.5    60.6    55.5    53.6    47.5    45.4    45.4    45.3    46.0
  Securitized assets 8
   One-to-four family             16.7    15.5    74.1    65.0     0.0    62.6     0.0     0.0     0.0     0.0     0.0     0.0     0.0
   Other                           2.4     2.1     0.1     0.1     0.0     0.1     0.1     0.1     0.0     0.0     0.0     0.0     0.0

Business                         573.3   463.6   372.7   377.9   390.8   378.8   379.6   381.8   390.8   395.8   395.8   395.2   393.3
 Motor vehicles                   91.4    61.2   113.9   115.4   132.3   119.5   122.7   124.7   132.3   135.5   135.5   134.5   134.7
  Retail loans                    12.4     9.9    18.2    20.3    24.4    21.6    22.6    23.5    24.4    24.9    24.9    25.0    25.4
  Wholesale loans 9               49.2    35.6    69.4    67.1    78.0    69.2    71.4    71.9    78.0    80.6    80.6    79.3    78.7
  Leases                          29.8    15.7    26.3    28.0    29.9    28.8    28.7    29.3    29.9    30.0    30.0    30.2    30.6
 Equipment                       325.1   281.1   178.7   176.6   173.7   175.2   174.3   174.2   173.7   175.8   175.8   177.6   176.1
  Loans                          100.2    79.6   104.4   104.4   104.9   105.3   104.6   105.3   104.9   107.0   107.0   108.9   107.4
  Leases                         224.9   201.5    74.2    72.2    68.8    70.0    69.6    68.9    68.8    68.8    68.8    68.6    68.7
 Other business receivables 10    95.0    89.2    80.2    85.9    84.8    84.0    82.7    82.9    84.8    84.5    84.5    83.1    82.5
 Securitized assets 8             61.8    32.1     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
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Owned and Managed Receivables Outstanding (Flows) 2,4
(Billions of dollars, annual rate)
Not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
                                                                                     2012                            2013
                                                                        _______________________________ _______________________________

                                 2008    2009    2010    2011    2012     Q1      Q2      Q3      Q4      Q1      Mar     Apr    Mayp
---------------------------------------------------------------------------------------------------------------------------------------

Total                           -151.7  -298.3  -107.4   -46.6    -0.3   -38.7   -32.1    27.4    42.2   -12.1   109.4    -5.0    29.3

Consumer                         -54.7  -134.5   -33.3   -10.5    16.4   -13.3     3.3    35.2    40.4   -10.5    21.3    15.1    60.9
 Motor vehicle loans             -19.1   -32.7   -14.6    -0.5    21.2    13.2    26.7    31.5    13.6    11.3    16.2    12.2    25.0
 Motor vehicle leases            -11.3   -25.3   -14.3     7.9    24.3    17.9    22.8    29.1    27.5    22.7    24.7    30.2    24.4
 Revolving 6                     -15.3   -23.8     0.5     1.4   -11.6   -24.4   -32.1     3.9     6.2   -17.6    -2.8    -4.0    12.1
 Other 7                          17.8   -24.1    -8.1   -17.9   -17.0   -17.9   -13.9   -29.1    -7.0   -27.2   -20.6   -21.0     1.6
 Securitized assets 8
  Motor vehicle loans            -25.1   -17.0    -3.6    -0.5     0.4    -0.9     0.9     0.7     0.9     1.2     4.9    -1.4    -1.2
  Motor vehicle leases            -0.3    -0.1     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
  Revolving                        4.4    -5.7    -0.1     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
  Other                           -4.4    -4.0    -2.0    -0.9    -1.0    -1.1    -1.1    -0.9    -0.8    -0.9    -1.0    -0.8    -1.0

Real estate                      -72.4   -54.2   -57.6   -41.2   -29.6   -28.9   -38.8   -16.7   -34.1   -21.5   -29.4   -12.9    -8.7
  One-to-four family             -77.6   -50.1   -49.5   -19.8   -12.2   -14.7   -15.4    -9.2    -9.4   -12.9   -15.3   -11.9   -16.8
  Other                           10.6    -2.6    -5.9   -12.3   -14.2    -4.7   -20.3    -7.5   -24.3    -8.6   -14.1    -1.0     8.1
  Securitized assets 8
   One-to-four family             -5.1    -1.2    -2.2    -9.1    -3.1    -9.5    -3.0     0.0     0.0     0.0     0.0     0.0     0.0
   Other                          -0.3    -0.3     0.0     0.0    -0.1     0.0     0.0     0.0    -0.4     0.0     0.0     0.0     0.0

Business                         -24.7  -109.7   -16.5     5.2    12.9     3.4     3.4     8.9    36.0    19.9   117.5    -7.2   -22.9
 Motor vehicles                  -11.7   -30.3    -1.6     1.5    16.8    16.2    12.7     8.1    30.3    12.9    48.9   -11.8     2.4
  Retail loans                    -3.5    -2.5    -1.9     2.2     4.0     4.9     4.2     3.6     3.4     2.2     3.5     1.2     4.6
  Wholesale loans 9               -6.8   -13.7     0.9    -2.4    10.9     8.4     9.0     1.9    24.5    10.3    43.2   -15.2    -7.3
  Leases                          -1.4   -14.1    -0.6     1.7     1.9     2.9    -0.5     2.6     2.3     0.4     2.2     2.2     5.1
 Equipment                         2.7   -43.9     4.9    -2.0    -2.9    -5.5    -3.9    -0.3    -1.9     8.3    22.2    21.2   -17.2
  Loans                           -5.7   -20.6    18.3     0.0     0.4     3.4    -2.6     2.6    -1.6     8.6    11.7    22.8   -18.3
  Leases                           8.5   -23.3   -13.4    -2.1    -3.3    -8.9    -1.3    -2.9    -0.3    -0.3    10.5    -1.7     1.0
 Other business receivables 10    -2.3    -5.8   -20.2     5.7    -1.0    -7.3    -5.5     1.1     7.6    -1.3    46.4   -16.6    -8.0
 Securitized assets 8            -13.4   -29.7     0.4     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
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 Footnotes

    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. In addition, percent changes are at a simple annual rate and are calculated from unrounded data.
    4. Flow data represent changes in the level of credit due to economic and financial activity, and exclude breaks in the data series
       due to changes in methodology, source data, and other technical aspects of the estimation that could affect the level of credit.
    5. Data are volume-weighted averages covering all loans of each type purchased during the month. The statistical foundation for these
       series has deteriorated in the past few months. Therefore, publication of these series is temporarily being suspended. The
       statistical foundation is in the process of being improved, and publication will resume as soon as possible.
    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.  Detailed historical data on securitized business receivables are available from the Data Download Program.
    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. n.a.=not available.



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