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


Release Date: January 11, 2002

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G.20                                                     FINANCE COMPANIES 1,2                                    For immediate release
November 2001 January 2002
 

OWNED AND MANAGED RECEIVABLES 3
            2000 2001
  1996 1997 1998 1999 2000 Q3 Q4 Q1 Q2 Q3 r Sep r Oct r Nov p
Seasonally Adjusted                     
Growth Rates (percent at an annual rate)
     Total                        12.2      7.2     10.1     13.6     15.0     13.5     10.3      7.7     10.6      2.8      2.7     -2.2      3.1  
       Consumer 4                 10.5     10.0      7.2     10.8     13.5     18.6     13.2     16.6      5.9      4.6     -1.6      4.6     30.1  
       Real estate                58.4     13.0     15.9     15.8     14.3     18.5     10.4      6.2     13.0      8.8    -10.1     26.7    -39.0  
       Business                    3.3      2.7     10.9     15.3     16.8      7.3      7.7      0.2     13.9     -1.2     11.9    -20.0     -4.9  
              
Outstandings (billions of dollars)      
     Total                       765.8    821.1    904.4   1027.0   1181.3   1151.7   1181.3   1203.9   1235.7   1244.3   1244.3   1242.0   1245.3  
       Consumer 4                312.9    344.1    369.1    409.0    464.0    449.1    464.0    483.2    490.4    496.0    496.0    497.9    510.4  
       Real estate               114.8    129.7    150.3    174.0    198.9    193.8    198.9    202.0    208.5    213.1    213.1    217.8    210.8  
       Business                  338.2    347.2    385.0    444.0    518.4    508.7    518.4    518.7    536.8    535.2    535.2    526.3    524.1  
              
AUTO LOANS: TERMS OF CREDIT 5           
Percent except as noted; not seasonally adjusted 
  New car loans                         
     Interest Rates               9.84     7.12     6.30     6.66     6.61     7.06     5.87     7.09     6.50     6.01     5.42     2.71     2.89  
     Maturity (months)            51.6     54.1     52.1     52.7     54.9     55.7     56.7     55.1     56.8     57.4     57.2     53.7     51.0  
     Loan-to-value ratio            91       92       92       92       92       91       92       90       91       92       92       94       92  
     Amount financed (dollars)  16,987   18,077   19,083   19,880   20,923   20,694   22,126   21,813   21,969   22,775   23,049   24,443   24,934  
              
  Used car loans                        
     Interest Rates              13.53    13.27    12.64    12.60    13.55    13.75    13.70    13.21    12.48    11.96    12.01    11.41    10.96  
     Maturity (months)            51.4     51.0     53.5     55.9     57.0     57.1     56.8     57.9     57.8     57.6     57.6     57.2     56.7  
     Loan-to-value ratio           100       99       99       99       99      100      100       99      100      100      101      100      100  
     Amount financed (dollars)  12,182   12,281   12,691   13,642   14,058   14,128   14,298   14,155   14,428   14,434   14,408   14,627   14,669  
  1.  Data for finance companies have been revised from July 1996 forward as a result of benchmarking to the 2000 quinquennial
finance company survey. This survey covered asset and liability information as of June 30, 2000. For more information,
visit .
2. Includes finance company subsidiaries of bank holding companies but not of retailers and banks.
3. 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.
4. The level of consumer credit outstanding in 2000:Q4 includes previously unreported assets, and thus represents a break in
this series. The 2000:Q4 growth rate is adjusted to exclude these previously unreported assets.
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 3
 
            2000 2001
  1996 1997 1998 1999 2000 Q3 Q4 Q1 Q2 Q3 r Sep r Oct r Nov p
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                 773.1  828.7  912.7  1036.4  1192.1  1146.6  1192.1  1207.9  1241.8  1239.5  1239.5  1240.7  1242.2
              
    Consumer 4                          315.9  347.3  372.5   412.7   468.3   450.6   468.3   478.9   491.3   498.0   498.0   500.9   513.9
      Motor vehicle loans                88.8   93.3  113.5   129.2   141.6   148.2   141.6   138.6   144.6   151.6   151.6   164.8   177.8
      Motor vehicle leases               93.2   98.8   96.6   102.9   108.2   109.9   108.2   106.4   110.2   108.3   108.3   107.3   105.5
      Revolving 6                        32.0   37.0   31.9    32.5    37.6    33.6    37.6    34.9    36.8    35.9    35.9    28.0    29.3
      Other 7                            34.2   37.3   37.9    39.8    40.7    39.8    40.7    39.2    32.8    33.4    33.4    31.3    31.7
      Securitized Assets 8                                                                          
        Motor vehicle loans              36.8   44.3   54.8    73.1    97.1    81.4    97.1   108.0   114.6   117.5   117.5   124.3   124.8
        Motor vehicle leases              8.7   10.8   12.7     9.7     6.6     7.2     6.6     6.6     7.6     7.0     7.0     6.9     7.0
        Revolving                         0.0    5.1    5.5     6.7    19.6    12.8    19.6    28.8    29.1    29.3    29.3    23.5    23.4
        Other                            22.3   20.8   19.6    18.8    17.1    17.7    17.1    16.2    15.5    15.0    15.0    14.8    14.5
              
    Real estate                         114.8  129.7  150.3   174.0   198.9   193.8   198.9   202.0   208.5   213.1   213.1   217.8   210.8
      One- to four-family                55.0   67.5   90.0   108.2   130.6   125.2   130.6   133.8   140.1   144.8   144.8   150.2   143.2
      Other                              30.6   29.0   31.2    37.6    41.7    40.2    41.7    42.3    42.2    42.6    42.6    42.1    42.3
      Securitized real estate assets 8                                                              
        One- to four-family              28.9   33.0   29.0    28.0    24.7    26.5    24.7    23.9    23.4    22.8    22.8    22.7    22.4
        Other                             0.4    0.2    0.1     0.2     1.9     1.9     1.9     1.9     2.8     2.9     2.9     2.9     2.9
              
    Business                            342.4  351.7  389.9   449.6   525.0   502.2   525.0   527.1   542.0   528.4   528.4   522.0   517.6
      Motor vehicles                     65.5   58.7   64.8    69.4    75.5    73.0    75.5    71.9    83.9    57.8    57.8    52.7    52.9
        Retail loans                     23.3   20.4   19.5    21.1    18.3    20.6    18.3    18.0    16.6    16.7    16.7    16.8    16.2
        Wholesale loans                  33.0   27.8   32.8    34.8    39.7    35.6    39.7    35.8    49.3    23.6    23.6    18.7    19.5
        Leases                            9.1   10.5   12.5    13.6    17.6    16.9    17.6    18.1    18.1    17.5    17.5    17.2    17.2
      Equipment                         192.9  198.0  212.2   238.7   283.5   274.1   283.5   283.4   292.6   288.2   288.2   290.6   287.3
        Loans                            61.6   56.8   59.2    64.5    70.2    69.6    70.2    71.4    76.1    76.8    76.8    79.9    77.1
        Leases                          131.2  141.2  153.0   174.2   213.3   204.5   213.3   212.0   216.4   211.4   211.4   210.7   210.2
      Other business receivables 10      46.3   47.5   63.9    87.0    99.4    95.9    99.4   103.8   105.4   105.1   105.1   104.8   103.9
      Securitized Assets 8                                                                          
        Motor vehicles                   24.0   33.0   29.2    31.5    37.8    31.9    37.8    40.0    31.4    48.0    48.0    45.3    43.9
          Retail loans                    2.7    2.4    2.6     2.9     3.2     2.4     3.2     2.8     3.1     2.6     2.6     2.4     3.0
          Wholesale loans                21.3   30.5   24.7    26.4    32.5    27.1    32.5    34.5    25.8    42.8    42.8    40.3    38.3
          Leases                          0.0    0.0    1.9     2.1     2.2     2.4     2.2     2.6     2.6     2.7     2.7     2.7     2.7
        Equipment                        11.3   10.7   13.0    14.6    23.1    21.4    23.1    22.5    22.6    23.1    23.1    22.5    23.4
          Loans                           4.7    4.2    6.6     7.9    15.5    15.1    15.5    14.6    15.2    15.1    15.1    14.5    15.5
          Leases                          6.6    6.5    6.4     6.7     7.6     6.4     7.6     7.9     7.5     8.0     8.0     8.0     7.9
        Other business receivables 10     2.4    4.0    6.8     8.4     5.6     5.8     5.6     5.6     6.0     6.1     6.1     6.1     6.2
 

6. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
7. Includes 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.

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Last update: January 11, 2002