G.20 FINANCE COMPANIES 1 For immediate release July 2007 September 2007 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2006 2007 _______________________ _______________________________________ 2002 r 2003 r 2004 r 2005 r 2006 r Q2 r Q3 r Q4 r Q1 r Q2 r May r Jun r Jul p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 3 Total 7.4 8.5 10.5 6.4 6.0 5.3 9.0 0.4 2.9 -0.3 -0.2 -5.6 13.3 Consumer 5.3 14.8 8.5 5.1 5.7 6.2 7.0 4.4 9.2 7.5 9.4 6.5 3.2 Real estate 20.5 9.3 25.2 12.8 8.8 -2.1 17.8 -2.5 -1.7 -14.9 -11.0 -28.9 23.6 Business 2.0 0.9 2.2 2.5 3.7 12.0 2.8 -2.2 -1.1 3.7 -2.6 0.6 17.8 Amount: billions of dollars Total 1484.7 1611.0 1780.7 1895.3 2009.3 1963.1 2007.3 2009.3 2023.9 2022.4 2031.9 2022.4 2044.8 Consumer 591.9 679.6 737.1 774.6 818.4 795.5 809.5 818.4 837.3 853.0 848.4 853.0 855.3 Real estate 363.8 397.6 497.8 561.5 610.9 588.5 614.7 610.9 608.3 585.6 600.1 585.6 597.1 Business 529.0 533.8 545.8 559.1 580.0 579.1 583.1 580.0 578.3 583.8 583.4 583.8 592.4 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 4 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 4.29 3.40 4.36 5.46 4.96 5.62 3.24 5.62 4.78 4.86 4.88 4.66 4.74 Maturity (months) 56.8 61.4 60.5 60.0 62.3 61.0 64.2 62.0 59.9 59.2 61.1 58.7 58.6 Loan-to-value ratio 94 95 89 88 91 90 93 93 91 93 94 92 92 Amount financed (dollars) 24,747 26,295 24,888 24,133 25,958 25,300 27,111 26,495 26,615 27,035 27,163 26,929 27,090 Used car loans Interest rates 10.74 9.72 8.96 9.03 9.67 9.54 10.00 10.07 9.36 9.25 9.35 9.22 9.01 Maturity (months) 57.5 57.5 56.8 57.6 57.5 57.5 57.4 57.4 59.0 59.3 59.4 59.3 59.4 Loan-to-value ratio 100 100 100 98 99 99 99 100 100 103 103 103 103 Amount financed (dollars) 14,532 14,613 15,136 16,228 16,671 16,676 16,745 16,663 16,974 17,016 16,938 17,131 17,230 --------------------------------------------------------------------------------------------------------------------------------------- 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. 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 --------------------------------------------------------------------------------------------------------------------------------------------- 2006 2007 _______________________ _______________________________________ 2002 r 2003 r 2004 r 2005 r 2006 r Q2 r Q3 r Q4 r Q1 r Q2 r May r Jun r Jul p --------------------------------------------------------------------------------------------------------------------------------------------- Total 1496.1 1624.1 1795.4 1910.9 2026.2 1968.8 2001.5 2026.2 2015.7 2027.6 2032.0 2027.6 2033.3 Consumer 597.7 686.1 743.9 781.4 825.4 789.7 813.9 825.4 830.8 846.8 841.4 846.8 851.0 Motor vehicle loans 198.1 250.1 298.3 278.0 259.8 262.6 270.4 259.8 254.2 251.7 252.5 251.7 255.7 Motor vehicle leases 89.8 79.0 74.1 85.3 106.0 97.8 102.1 106.0 110.7 116.3 114.6 116.3 117.8 Revolving 5 44.4 45.3 50.4 66.3 79.9 69.5 72.2 79.9 72.9 75.1 74.5 75.1 75.3 Other 6 65.0 97.7 143.7 172.3 194.7 172.9 183.6 194.7 205.3 214.2 211.9 214.2 216.2 Securitized assets 7 Motor vehicle loans 145.4 123.7 98.2 112.6 112.8 113.4 110.1 112.8 112.1 113.4 112.2 113.4 110.1 Motor vehicle leases 5.7 5.5 4.8 4.2 3.6 3.9 3.7 3.6 3.5 3.4 3.4 3.4 3.3 Revolving 34.5 33.8 23.1 14.9 15.9 14.6 16.0 15.9 20.9 24.3 23.2 24.3 24.3 Other 14.7 51.0 51.3 47.8 52.8 55.0 55.8 52.8 51.3 48.3 49.3 48.3 48.2 Real estate 366.6 400.6 501.3 565.0 614.8 593.9 612.7 614.8 599.7 591.0 600.3 591.0 599.1 One-to-four family 285.6 320.2 422.0 489.8 538.1 517.4 536.3 538.1 527.4 517.6 527.3 517.6 525.4 Other 44.9 50.0 54.0 51.6 56.2 54.6 55.3 56.2 52.5 53.2 52.9 53.2 53.5 Securitized assets 7 One-to-four family 33.0 26.7 21.8 18.9 16.8 17.5 17.2 16.8 15.7 15.4 15.5 15.4 15.3 Other 3.2 3.8 3.5 4.8 3.7 4.3 3.9 3.7 4.1 4.8 4.6 4.8 4.8 Business 531.8 537.4 550.2 564.5 586.0 585.1 574.9 586.0 585.2 589.9 590.2 589.9 583.1 Motor vehicles 56.9 69.6 84.8 105.5 105.1 112.8 102.3 105.1 106.3 108.3 106.3 108.3 103.6 Retail loans 13.6 15.7 15.1 15.2 17.1 16.7 17.0 17.1 17.8 18.1 18.1 18.1 18.1 Wholesale loans 8 28.5 39.3 44.9 61.2 55.7 65.8 54.6 55.7 56.3 56.9 55.7 56.9 52.3 Leases 14.8 14.6 24.8 29.0 32.3 30.3 30.7 32.3 32.2 33.3 32.5 33.3 33.3 Equipment 296.9 284.3 273.4 281.9 299.5 291.7 294.1 299.5 304.9 309.5 313.6 309.5 309.1 Loans 92.9 88.0 87.8 93.6 102.4 101.3 101.6 102.4 106.7 106.7 111.1 106.7 106.5 Leases 204.0 196.3 185.6 188.3 197.1 190.4 192.5 197.1 198.2 202.8 202.6 202.8 202.6 Other business receivables 9 90.2 87.8 93.3 91.8 93.5 92.9 94.1 93.5 94.2 91.5 91.1 91.5 91.8 Securitized assets 7 Motor vehicles 50.2 48.4 44.8 28.8 38.0 36.7 33.6 38.0 37.0 40.3 38.1 40.3 38.8 Retail loans 2.4 2.2 2.2 2.7 3.0 2.6 2.5 3.0 2.9 2.9 2.9 2.9 2.9 Wholesale loans 45.9 44.2 40.6 26.0 34.9 34.0 31.0 34.9 34.0 37.3 35.2 37.3 35.9 Leases 1.9 2.1 2.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Equipment 20.2 22.1 23.6 24.4 15.4 16.8 15.7 15.4 14.5 12.1 12.9 12.1 11.6 Loans 13.0 12.5 11.5 11.6 9.9 10.9 10.1 9.9 9.4 8.8 9.0 8.8 8.3 Leases 7.2 9.6 12.1 12.8 5.5 5.9 5.6 5.5 5.1 3.3 3.9 3.3 3.3 Other business receivables 9 17.4 25.1 30.2 32.2 34.6 34.3 35.2 34.6 28.3 28.2 28.1 28.2 28.2 --------------------------------------------------------------------------------------------------------------------------------------------- 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.