Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page


Release Date: June 26, 1998

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
                                                              April 1998                                                     June 1998
 

OWNED AND MANAGED RECEIVABLES 2
  1997 1998
  Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
                                                                                           Seasonally Adjusted          
Growth Rates (percent at annual rate)        
  Total                            2.6      0.4     10.9      8.8     11.2      3.2      5.5      4.5      7.1      0.9     14.8     -4.1      7.8  
    Consumer                      21.5      1.1      9.1      6.0     -2.4     -0.3      6.6     -2.4     11.9     -7.5      5.0      1.8      8.0  
    Real estate                   14.3     11.3     20.8     18.0     15.2    -26.7      8.8      1.4     -5.7      8.1     17.8    -20.5      3.0  
    Business                     -18.3     -4.1      9.3      8.3     22.6     17.0      3.4     11.8      7.2      6.2     22.5     -3.8      9.1  
                                             
Outstandings (billions of dollars)           
  Total                          776.4    776.6    783.7    789.5    796.9    799.0    802.7    805.7    810.4    811.0    821.1    818.3    823.6  
    Consumer                     319.0    319.3    321.7    323.3    322.7    322.6    324.4    323.7    326.9    324.9    326.2    326.7    328.9  
    Real estate                  116.9    118.0    120.1    121.9    123.4    120.7    121.5    121.7    121.1    121.9    123.7    121.6    121.9  
    Business                     340.5    339.3    342.0    344.3    350.8    355.8    356.8    360.3    362.4    364.3    371.1    369.9    372.8  
 
AUTO LOANS: TERMS OF CREDIT 3  
Percent except as noted; not seasonally adjusted            
  New car loans                
    Interest rate                 8.56     7.80     7.64     6.71     5.93     6.12     7.27     6.85     5.93     6.12     6.98     5.94     6.20  
    Maturity (months)             52.8     53.2     53.3     54.6     55.5     55.4     54.4     53.7     53.5     52.8     52.6     51.5     50.7  
    Loan-to-value ratio             91       93       93       94       93       93       92       91       92       92       92       92       91  
    Amount financed (dollars)   17,620   18,060   18,171   18,281   18,329   18,520   18,779   18,923   19,121   18,944   18,825   18,932   18,922  
 
  Used car loans               
    Interest rate                13.29    13.48    13.55    13.51    13.38    13.29    13.22    13.14    13.16    12.77    12.87    12.79    12.76  
    Maturity (months)             51.2     51.3     51.3     51.4     51.2     50.8     50.6     50.5     50.5     52.2     52.5     52.6     52.9  
    Loan-to-value ratio             99       99       99       99       99       99      101       99       99       98       97       97       98  
    Amount financed (dollars)   12,195   12,261   12,239   12,307   12,204   12,190   12,287   12,389   12,547   12,391   12,356   12,431   13,490   
 

  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.  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 2
  1997 1998
  Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                 777.4  778.5  787.7   783.7   791.4   795.3   800.8   806.9   818.1   812.2   819.6   819.4   824.9
              
    Consumer                            316.4  318.3  321.8   322.2   322.4   323.3   324.2   325.4   330.9   326.2   324.8   325.0   326.3
      Motor vehicle loans                83.2   85.1   87.0    88.3    88.4    88.5    86.8    86.0    87.0    87.4    84.7    86.8    90.6
      Motor vehicle leases               96.7   97.3   98.5    99.3    98.3    96.1    95.9    96.4    96.8    94.5    94.7    95.2    95.9
      Revolving 4                        35.1   35.2   34.9    33.5    33.5    34.9    34.7    34.8    38.6    37.6    36.9    36.3    29.9
      Other 5                            34.3   34.7   34.8    34.7    35.2    35.0    35.3    35.5    34.4    34.5    34.1    33.0    33.4
      Securitized Assets 6                                                                          
        Motor vehicle loans              38.3   36.8   37.8    38.1    38.3    39.7    42.6    42.5    44.3    42.8    45.3    45.0    42.8
        Motor vehicle leases              9.4    9.3    9.2     9.0     8.9    10.0     9.9    11.0    10.8    10.7    10.6    10.5    10.4
        Revolving                         0.0    0.0    0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     5.3
        Other                            19.3   19.9   19.7    19.4    19.7    19.0    18.9    19.2    19.0    18.7    18.5    18.2    18.1
              
    Real estate                         116.9  118.0  120.1   121.9   123.4   120.7   121.5   121.7   121.1   121.9   123.7   121.6   121.9
      One- to four-family                55.0   54.9   54.5    57.0    59.1    56.6    58.5    59.4    59.0    59.8    62.2    61.5    62.4
      Other                              30.3   30.3   30.3    30.1    30.1    29.8    29.3    29.0    28.9    29.1    29.0    28.1    28.1
      Securitized real estate assets 6                                                              
        One- to four-family              31.3   32.5   35.0    34.4    33.9    34.0    33.5    33.0    33.0    32.8    32.3    31.8    31.2
        Other                             0.3    0.3    0.3     0.3     0.3     0.3     0.3     0.2     0.2     0.2     0.2     0.2     0.2
              
    Business                            344.1  342.2  345.9   339.6   345.6   351.4   355.1   359.8   366.1   364.0   371.1   372.7   376.7
      Motor vehicles                     71.7   70.4   70.7    63.6    65.2    67.4    61.2    62.0    63.5    61.8    64.8    67.8    68.2
        Retail loans                     24.6   24.4   25.2    24.4    25.4    26.0    26.5    26.3    25.6    26.1    26.4    27.3    28.3
        Wholesale loans 7                37.9   36.6   36.3    29.9    30.4    31.8    25.0    25.8    27.7    25.6    28.2    30.2    29.5
        Leases                            9.2    9.3    9.3     9.3     9.4     9.6     9.7     9.8    10.2    10.1    10.2    10.2    10.4
      Equipment                         189.9  188.0  188.8   191.3   194.9   199.0   198.5   198.9   203.9   204.2   204.7   206.5   207.8
        Loans                            53.8   52.3   52.6    51.7    51.3    51.9    50.3    49.6    51.5    50.7    49.9    50.8    51.2
        Leases                          136.1  135.6  136.2   139.6   143.6   147.1   148.2   149.4   152.3   153.5   154.8   155.7   156.7
      Other business receivables 8       49.6   50.3   52.2    51.8    53.0    53.1    54.7    54.0    51.1    52.1    55.6    51.6    54.0
      Securitized assets 6                                                                          
        Motor vehicles                   20.3   21.1   21.3    19.9    19.8    19.6    28.4    32.4    33.0    31.5    31.2    32.1    31.6
          Retail loans                    2.1    2.6    2.5     2.4     2.3     2.2     2.1     2.5     2.4     2.3     2.2     2.0     1.9
          Wholesale loans                18.2   18.5   18.7    17.4    17.5    17.4    26.3    29.8    30.5    29.2    29.0    30.0    29.6
          Leases                          0.0    0.0    0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0
        Equipment                         9.9    9.9   10.4    10.6    10.3     9.6     9.7     9.9    10.7    10.4    10.8    10.5    10.3
          Loans                           3.8    4.0    3.9     4.2     4.1     3.6     3.8     4.1     4.2     3.9     4.3     4.2     4.1
          Leases                          6.2    5.9    6.5     6.4     6.2     6.0     5.8     5.8     6.5     6.5     6.5     6.3     6.2
        Other business receivables 8      2.6    2.5    2.5     2.5     2.4     2.6     2.7     2.6     4.0     4.0     4.0     4.2     4.7 
 

  4.  Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
  5.  Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel,
  boats, and recreation vehicles.
  6.  Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the
  loan originator.
  7.  Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
  8.  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.

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