G.20 FINANCE COMPANIES 1 For immediate release July 2006 September 2006 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2005 2006 _______________________ _______________________________________ 2001 r 2002 r 2003 r 2004 r 2005 r Q2 r Q3 r Q4 r Q1 r Q2 r May r Jun r Jul p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 3 Total 8.5 7.5 8.5 10.6 6.4 4.1 1.2 12.2 9.9 6.3 8.2 4.6 2.3 Consumer 14.2 5.4 14.8 8.5 5.0 7.8 -2.9 3.7 6.1 7.3 5.6 9.9 9.3 Real estate 14.9 20.6 9.2 25.1 12.7 1.8 3.7 28.8 24.0 0.6 6.3 -7.0 -4.4 Business -0.3 2.0 1.0 2.3 2.6 0.9 4.5 8.3 1.1 10.8 13.7 9.4 -0.3 Amount: billions of dollars Total 1383.7 1487.0 1613.7 1783.9 1898.1 1836.4 1841.8 1898.1 1945.1 1975.5 1968.0 1975.5 1979.3 Consumer 561.3 591.4 679.0 736.4 773.0 771.6 766.0 773.0 784.7 799.0 792.4 799.0 805.2 Real estate 303.7 366.4 400.2 500.5 564.1 521.3 526.1 564.1 597.9 598.8 602.4 598.8 596.6 Business 518.6 529.2 534.5 547.0 561.0 543.5 549.6 561.0 562.5 577.7 573.2 577.7 577.6 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 4 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 5.65 4.29 3.40 4.36 5.46 5.18 5.80 5.97 5.34 5.62 5.96 5.30 5.16 Maturity (months) 55.1 56.8 61.4 60.5 60.0 59.5 60.2 61.1 61.8 61.0 61.0 61.2 61.3 Loan-to-value ratio 91 94 95 89 88 88 88 89 90 90 91 89 88 Amount financed (dollars) 22,822 24,747 26,295 24,888 24,133 23,477 24,575 24,363 24,926 25,300 24,788 26,126 26,060 Used car loans Interest rates 12.18 10.74 9.72 8.96 9.03 9.23 8.78 8.88 9.08 9.54 9.62 9.56 9.53 Maturity (months) 57.5 57.5 57.5 56.8 57.6 57.6 57.5 57.6 57.8 57.5 57.6 57.5 57.5 Loan-to-value ratio 100 100 100 100 98 98 98 99 98 99 99 99 99 Amount financed (dollars) 14,416 14,532 14,613 15,136 16,228 16,026 16,371 17,010 16,599 16,676 16,645 16,817 16,789 --------------------------------------------------------------------------------------------------------------------------------------- 1. Includes finance company subsidiaries of bank holding companies but not of retailers and banks. Beginning with the July 2006 release, the definition of a finance company was broadened to include companies that specialize in first liens on real estate. The data were revised back to 1997 to reflect this definitional change. Revisions back to 2000 are also a result of benchmarking to the 2005 quinquennial finance company survey. For more information on this survey, visit . Seasonally adjusted series have been revised from January 1996 forward as a result of new seasonal factors. 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. 4. 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 --------------------------------------------------------------------------------------------------------------------------------------------- 2005 2006 _______________________ _______________________________________ 2001 r 2002 r 2003 r 2004 r 2005 r Q2 r Q3 r Q4 r Q1 r Q2 r May r Jun r Jul p --------------------------------------------------------------------------------------------------------------------------------------------- Total 1392.5 1496.1 1624.1 1795.4 1910.9 1831.9 1842.1 1910.9 1930.9 1970.5 1963.1 1970.5 1969.0 Consumer 567.4 597.7 686.1 743.9 781.4 765.0 770.5 781.4 778.8 792.1 785.4 792.1 798.6 Motor vehicle loans 196.7 198.1 250.1 298.3 278.0 284.0 282.9 278.0 267.2 262.8 258.5 262.8 264.9 Motor vehicle leases 107.4 89.8 79.0 74.1 85.3 80.1 82.3 85.3 91.7 97.8 95.0 97.8 99.4 Revolving 5 34.8 44.4 45.3 50.4 66.3 55.5 57.7 66.3 63.7 69.5 67.5 69.5 69.6 Other 6 48.5 65.0 97.7 143.7 172.3 155.6 167.8 172.3 168.6 174.5 172.7 174.5 176.2 Securitized assets 7 Motor vehicle loans 128.0 145.4 123.7 98.2 112.6 112.9 109.1 112.6 115.4 116.2 119.9 116.2 117.6 Motor vehicle leases 6.8 5.7 5.5 4.8 4.2 4.5 4.3 4.2 4.0 3.9 3.9 3.9 3.8 Revolving 30.9 34.5 33.8 23.1 14.9 20.3 18.7 14.9 15.4 15.1 15.3 15.1 14.6 Other 14.3 14.7 51.0 51.3 47.8 52.2 47.5 47.8 52.7 52.4 52.5 52.4 52.3 Real estate 304.0 366.6 400.6 501.3 565.0 517.2 529.1 565.0 583.3 594.2 598.4 594.2 600.5 One-to-four family 209.7 285.6 320.2 422.0 489.8 438.8 454.1 489.8 507.9 517.4 521.7 517.4 523.6 Other 48.5 44.9 50.0 54.0 51.6 52.3 51.7 51.6 52.7 54.9 54.4 54.9 55.1 Securitized assets 7 One-to-four family 40.1 33.0 26.7 21.8 18.9 20.3 19.6 18.9 18.2 17.5 17.8 17.5 17.5 Other 5.7 3.2 3.8 3.5 4.8 5.9 3.7 4.8 4.5 4.3 4.5 4.3 4.3 Business 521.2 531.8 537.4 550.2 564.5 549.6 542.5 564.5 568.9 584.2 579.3 584.2 570.0 Motor vehicles 51.8 56.9 69.6 84.8 105.5 91.6 80.4 105.5 110.2 112.8 110.1 112.8 103.5 Retail loans 15.0 13.6 15.7 15.1 15.2 18.3 17.8 15.2 16.0 16.7 16.2 16.7 16.9 Wholesale loans 8 19.8 28.5 39.3 44.9 61.2 46.6 35.9 61.2 65.0 65.8 64.5 65.8 56.4 Leases 16.9 14.8 14.6 24.8 29.0 26.8 26.8 29.0 29.3 30.3 29.3 30.3 30.2 Equipment 292.3 296.9 284.3 273.4 281.9 274.0 276.4 281.9 284.4 291.7 291.6 291.7 289.1 Loans 83.6 92.9 88.0 87.8 93.6 89.2 90.5 93.6 97.3 101.3 101.5 101.3 102.1 Leases 208.7 204.0 196.3 185.6 188.3 184.8 185.8 188.3 187.1 190.4 190.1 190.4 187.0 Other business receivables 9 96.2 90.2 87.8 93.3 91.8 90.0 94.2 91.8 88.2 91.9 92.1 91.9 92.7 Securitized assets 7 Motor vehicles 50.1 50.2 48.4 44.8 28.8 43.2 39.9 28.8 35.6 36.7 35.7 36.7 33.9 Retail loans 5.1 2.4 2.2 2.2 2.7 2.8 2.7 2.7 2.6 2.6 2.6 2.6 2.6 Wholesale loans 42.5 45.9 44.2 40.6 26.0 40.2 37.0 26.0 32.9 34.0 33.0 34.0 31.2 Leases 2.5 1.9 2.1 2.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Equipment 23.2 20.2 22.1 23.6 24.4 23.4 23.8 24.4 15.7 16.8 15.2 16.8 16.4 Loans 16.4 13.0 12.5 11.5 11.6 11.7 12.4 11.6 9.7 10.9 9.2 10.9 10.5 Leases 6.8 7.2 9.6 12.1 12.8 11.6 11.4 12.8 6.0 5.9 6.0 5.9 5.9 Other business receivables 9 7.7 17.4 25.1 30.2 32.2 27.5 27.9 32.2 34.7 34.3 34.6 34.3 34.4 --------------------------------------------------------------------------------------------------------------------------------------------- 5. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. 6. 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. 7. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. 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.