Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: February 28, 2018
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G.20                                                         FINANCE COMPANIES 1                                         For immediate release
                                                                December 2017                                                    February 2018

Owned and Managed Receivables Outstanding 2
Seasonally adjusted. Billions of dollars except as noted.
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                                                        Year                                   Quarter                          Month
                                       --------------------------------------- --------------------------------------- -----------------------
                                                                                2016                            2017
                                                                               _______ _______________________________________________________

                                        2013    2014    2015    2016   2017 p    Q4     Q1 r    Q2 r    Q3 r    Q4 p    Oct r   Nov r   Dec p
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 Total percent change (annual rate) 3     1.1     2.0     0.4    -3.0    -3.1    -1.7     0.2    -1.9    -5.0    -6.0   -16.8    -4.6     3.5
  Consumer                                2.7     3.2     2.4    -0.3    -3.1    -1.2     0.7    -0.9    -4.4    -7.8   -23.0     3.8    -4.0
  Real estate                           -12.5    -5.7   -19.3   -13.3   -10.6    -9.5   -17.7   -11.6    -8.2    -6.4   -26.3    -7.6    14.9
  Business                                3.7     2.5     3.3    -4.1    -0.6     0.1     5.7    -0.3    -5.3    -2.5    -2.0   -19.1    14.0

 Total flow (annual rate) 4              14.8    28.3     5.8   -39.9   -39.8   -22.1     2.7   -23.6   -63.8   -74.7  -210.3   -56.1    42.4
  Consumer                               22.9    27.0    20.8    -2.1   -22.9    -9.2     5.1    -7.0   -32.6   -57.0  -169.4    27.4   -29.1
  Real estate                           -22.5    -8.9   -28.6   -21.1   -14.6   -13.4   -24.5   -15.3   -10.5    -8.1   -33.1    -9.4    18.2
  Business                               14.4    10.2    13.6   -16.7    -2.3     0.5    22.2    -1.3   -20.7    -9.6    -7.8   -74.1    53.3

 Total outstanding                     1413.9  1442.2  1310.8  1270.9  1231.0  1270.9  1271.6  1265.7  1249.7  1231.0  1232.2  1227.5  1231.0
  Consumer                              855.5   882.6   746.6   744.6   721.6   744.6   745.8   744.1   735.9   721.6   721.8   724.1   721.6
  Real estate                           157.0   148.1   159.5   138.3   123.7   138.3   132.2   128.4   125.7   123.7   123.0   122.2   123.7
  Business                              401.3   411.5   404.7   388.0   385.7   388.0   393.5   393.2   388.1   385.7   387.4   381.2   385.7
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Auto Loans: Terms of Credit 5
Not seasonally adjusted.
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New car loans
  Interest rates (percent)                4.7     4.9     5.1     5.0     5.4     4.9     5.1     5.6     5.4    n.a.    n.a.    n.a.    n.a.
  Maturity (months)                        63      64      65      66      67      67      67      67      67    n.a.    n.a.    n.a.    n.a.
  Amount financed (dollars)            25,586  26,288  27,472  28,601  28,952  29,469  29,134  28,569  29,154    n.a.    n.a.    n.a.    n.a.

Used car loans
  Interest rates (percent)               12.9    13.3    14.1    13.5    13.4    12.8    13.3    13.7    13.3    n.a.    n.a.    n.a.    n.a.
  Maturity (months)                        59      59      60      61      61      61      61      61      61    n.a.    n.a.    n.a.    n.a.
  Amount financed (dollars)            17,101  17,263  16,977  17,045  17,193  17,521  17,180  17,078  17,321    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
--------------------------------------------------------------------------------------------------------------------------------------
                                                Year                                   Quarter                          Month
                               --------------------------------------- --------------------------------------- -----------------------
                                                                        2016                            2017
                                                                       _______ _______________________________________________________

                                2013    2014    2015    2016   2017 p    Q4     Q1 r    Q2 r    Q3 r    Q4 p    Oct r   Nov r   Dec p
--------------------------------------------------------------------------------------------------------------------------------------

Total                          1413.9  1442.2  1310.8  1270.9  1231.0  1270.9  1260.3  1256.8  1248.2  1231.0  1228.4  1224.4  1231.0

Consumer                        855.5   882.6   746.6   744.6   721.6   744.6   737.4   739.1   737.2   721.6   722.3   723.4   721.6
 Motor vehicle loans            316.2   330.8   307.6   307.7   303.3   307.7   305.5   303.7   303.7   303.3   303.1   303.3   303.3
 Motor vehicle leases           167.3   188.9   176.1   189.5   193.1   189.5   189.3   191.1   192.5   193.1   192.5   193.6   193.1
 Revolving 6                     67.1    60.3    25.7    25.5    12.6    25.5    26.7    26.8    26.1    12.6    12.4    12.5    12.6
 Other 7                        304.9   302.5   237.3   221.8   212.7   221.8   215.9   217.6   214.9   212.7   214.2   214.0   212.7

Real estate                     157.0   148.1   159.5   138.3   123.7   138.3   134.1   129.5   127.8   123.7   124.0   123.9   123.7
  One-to-four family            114.7   104.6   123.4   106.8    95.2   106.8   104.9   100.5    99.0    95.2    95.3    95.2    95.2
  Other                          42.3    43.5    36.0    31.5    28.5    31.5    29.2    29.0    28.8    28.5    28.7    28.7    28.5

Business                        401.3   411.5   404.7   388.0   385.7   388.0   388.8   388.1   383.1   385.7   382.1   377.1   385.7
 Motor vehicles                 143.0   150.9   103.6   105.3   105.4   105.3   107.0   107.8   101.7   105.4   102.3   103.8   105.4
  Retail loans                   28.1    30.0    14.5    15.0    15.7    15.0    15.0    15.0    15.2    15.7    15.4    15.5    15.7
  Wholesale loans 8              86.2    88.6    79.7    81.3    81.0    81.3    83.3    84.1    77.8    81.0    78.2    79.6    81.0
  Leases                         28.8    32.4     9.4     8.9     8.7     8.9     8.8     8.7     8.7     8.7     8.7     8.7     8.7
 Equipment                      172.4   173.9   218.9   197.2   194.7   197.2   196.1   197.5   196.6   194.7   195.9   191.6   194.7
  Loans                         110.1   115.5   122.1   115.2   117.4   115.2   117.2   118.9   119.5   117.4   118.6   115.1   117.4
  Leases                         62.3    58.4    96.8    82.0    77.3    82.0    79.0    78.6    77.2    77.3    77.3    76.4    77.3
 Other business receivables 9    85.9    86.7    82.2    85.6    85.6    85.6    85.6    82.8    84.8    85.6    84.0    81.8    85.6
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Owned and Managed Receivables Outstanding (Flows) 2,4
(Billions of dollars, annual rate)
Not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------
                                                Year                                   Quarter                          Month
                               --------------------------------------- --------------------------------------- -----------------------
                                                                        2016                            2017
                                                                       _______ _______________________________________________________

                                2013    2014    2015    2016   2017 p    Q4     Q1 r    Q2 r    Q3 r    Q4 p    Oct r   Nov r   Dec p
--------------------------------------------------------------------------------------------------------------------------------------

Total                            14.8    28.3     5.8   -39.9   -39.8   -16.0   -42.3   -14.0   -34.5   -68.6  -237.2   -47.8    79.2

Consumer                         22.9    27.0    20.8    -2.1   -22.9   -14.5   -28.7     6.9    -7.5   -62.4  -179.5    13.8   -21.4
 Motor vehicle loans             16.4    14.6   -23.2     0.1    -4.3    -9.9    -8.6    -7.1     0.0    -1.6    -7.5     2.1     0.5
 Motor vehicle leases            23.3    21.6   -12.9    13.4     3.6     9.3    -1.0     7.1     5.9     2.2    -0.2    13.5    -6.7
 Revolving 6                     -4.3    -6.8   -34.6    -0.2   -12.9     2.4     4.6     0.4    -2.8   -53.9  -163.6     0.9     0.9
 Other 7                        -12.5    -2.4   -65.3   -15.4    -9.2   -16.4   -23.7     6.6   -10.7    -9.0    -8.2    -2.7   -16.2

Real estate                     -22.5    -8.9   -28.6   -21.1   -14.6   -21.7   -16.7   -18.4    -7.0   -16.4   -45.7    -1.3    -2.0
 One-to-four family             -17.8   -10.1    18.8   -16.7   -11.6   -26.0    -7.4   -17.6    -5.9   -15.3   -44.9    -1.3     0.4
 Other                           -4.6     1.2    -7.4    -4.5    -3.1     4.3    -9.3    -0.8    -1.1    -1.1    -0.8     0.0    -2.4

Business                         14.4    10.2    13.6   -16.7    -2.3    20.2     3.2    -2.6   -20.0    10.1   -11.9   -60.3   102.6
 Motor vehicles                  13.1     7.9   -47.3     1.7     0.1    22.1     7.0     3.3   -24.5    14.8     6.8    18.5    18.9
  Retail loans                    3.7     1.9   -15.5     0.6     0.7     1.7    -0.4     0.3     0.7     2.0     2.1     2.1     2.0
  Wholesale loans 8               8.2     2.4    -8.9     1.6    -0.3    21.2     7.9     3.3   -25.3    12.7     4.8    16.7    16.7
  Leases                          1.2     3.6   -23.0    -0.5    -0.2    -0.8    -0.5    -0.3     0.1     0.0     0.0    -0.2     0.2
 Equipment                       -0.2     1.6    45.0   -21.7    -2.5    -4.3    -4.2     5.5    -3.5    -7.8    -8.7   -52.3    37.6
  Loans                           4.0     5.5     6.5    -6.9     2.2    -1.4     7.9     7.0     2.2    -8.2   -10.5   -41.5    27.5
  Leases                         -4.2    -3.9    38.4   -14.8    -4.7    -2.9   -12.1    -1.5    -5.7     0.3     1.8   -10.9    10.1
 Other business receivables 9     1.5     0.8    -4.5     3.3     0.1     2.4     0.4   -11.4     8.1     3.2   -10.0   -26.5    46.1
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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. Covers most of the captive and non-captive finance companies. The series of finance company car loan terms included in previous
       releases are discontinued. They remain available from the Data Download Program.
    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. 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. n.a.=not available.




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