G.20 FINANCE COMPANIES 1 For immediate release June 2009 August 2009 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2,3 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2008 2009 _______________________ _______________________________________ 2004 2005 2006 2007 2008 Q2 Q3 Q4 Q1 Q2 p Apr r May r Jun p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 4 Total 10.5 6.4 6.0 2.0 -6.5 -5.7 -5.8 -18.5 -14.3 -14.1 -14.9 -10.8 -17.1 Consumer 8.4 5.1 5.7 8.0 -5.7 -2.2 -5.2 -15.6 -19.5 -16.1 -15.1 -13.7 -20.3 Real estate 25.2 12.8 8.8 -6.9 -15.5 -28.8 -16.3 -22.1 -0.2 -13.6 -15.7 -13.1 -12.7 Business 2.3 2.5 3.6 2.9 1.0 10.8 2.1 -19.5 -18.5 -11.6 -13.9 -5.0 -16.3 Amount: billions of dollars Total 1781.0 1895.4 2009.0 2048.9 1916.7 2039.2 2009.5 1916.7 1848.1 1783.0 1825.2 1808.7 1783.0 Consumer 737.9 775.2 819.4 885.0 834.5 879.9 868.4 834.5 793.9 761.9 783.9 775.0 761.9 Real estate 496.9 560.4 609.9 567.6 479.8 529.4 507.8 479.8 479.6 463.3 473.4 468.2 463.3 Business 546.2 559.7 579.8 596.4 602.4 630.0 633.3 602.4 574.6 557.9 567.9 565.5 557.9 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 5 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 4.92 6.02 4.99 4.87 5.52 5.28 4.87 7.09 4.71 3.45 3.00 3.47 3.88 Maturity (months) 60.7 60.0 63.0 62.0 63.4 63.5 65.4 62.3 59.3 62.1 60.8 62.9 62.7 Loan-to-value ratio 89 88 94 95 91 93 89 86 87 92 90 93 91 Amount financed (dollars) 24,888 24,133 26,620 28,287 26,178 25,493 26,643 24,400 25,518 28,577 28,383 29,133 28,215 Used car loans Interest rates 8.81 8.81 9.61 9.24 8.74 8.31 8.44 9.26 9.73 9.71 9.71 9.73 9.69 Maturity (months) 57.9 58.6 59.4 60.7 59.8 60.4 59.8 58.8 57.7 58.1 58.1 58.2 58.0 Loan-to-value ratio 99 98 99 100 98 96 97 101 103 101 101 101 101 Amount financed (dollars) 15,136 16,228 16,671 17,095 16,664 16,853 16,474 16,196 15,104 15,780 15,622 15,938 15,781 --------------------------------------------------------------------------------------------------------------------------------------- 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. Seasonally adjusted series have been revised from January 1998 forward as a result of new seasonal factors. 4. The series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect of such breaks. 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 OUTSTANDING 2 (Billions of dollars) Not seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------- 2008 2009 _______________________ _______________________________________ 2004 2005 2006 2007 2008 Q2 Q3 Q4 Q1 Q2 p Apr r May r Jun p ---------------------------------------------------------------------------------------------------------------------------------------------- Total 1795.4 1910.9 2025.4 2065.6 1932.4 2038.6 2005.1 1932.4 1842.5 1782.5 1823.3 1809.2 1782.5 Consumer 743.9 781.4 825.4 891.1 840.2 874.5 873.9 840.2 787.8 757.2 777.8 769.0 757.2 Motor vehicle loans 298.3 278.0 259.8 261.5 247.7 250.2 258.5 247.7 231.3 220.2 228.7 224.7 220.2 Motor vehicle leases 74.1 85.3 106.0 122.9 111.1 121.9 118.5 111.1 101.8 94.0 99.5 97.5 94.0 Revolving 6 50.4 66.3 79.9 86.0 74.4 84.0 83.3 74.4 52.0 50.0 51.2 50.6 50.0 Other 7 143.7 172.3 194.7 236.5 253.7 247.6 254.4 253.7 263.6 255.8 260.2 257.3 255.8 Securitized assets 8 Motor vehicle loans 98.2 112.6 112.8 110.7 85.1 101.0 90.7 85.1 74.4 73.6 73.8 75.0 73.6 Motor vehicle leases 4.8 4.2 3.6 3.1 2.7 2.9 2.8 2.7 2.6 2.5 2.6 2.5 2.5 Revolving 23.1 14.9 15.9 25.6 25.5 24.5 24.7 25.5 22.9 23.0 22.9 23.0 23.0 Other 51.3 47.8 52.8 44.7 40.0 42.4 41.0 40.0 39.3 38.1 38.9 38.5 38.1 Real estate 501.3 565.0 614.8 572.4 483.9 528.4 505.0 483.9 475.8 462.4 471.7 468.4 462.4 One-to-four family 422.0 489.8 538.1 472.7 375.4 420.5 395.2 375.4 368.4 356.1 364.6 361.4 356.1 Other 54.0 51.6 56.2 59.1 72.5 71.1 73.4 72.5 71.8 70.9 71.6 71.6 70.9 Securitized assets 8 One-to-four family 21.8 18.9 16.8 34.9 31.0 31.4 31.2 31.0 30.8 30.6 30.8 30.7 30.6 Other 3.5 4.8 3.7 5.6 5.0 5.4 5.2 5.0 4.8 4.8 4.8 4.8 4.8 Business 550.2 564.5 585.2 602.2 608.3 635.7 626.2 608.3 578.9 563.0 573.8 571.7 563.0 Motor vehicles 84.8 105.5 105.1 105.7 95.1 112.8 97.3 95.1 80.0 72.4 77.9 75.8 72.4 Retail loans 15.1 15.2 17.1 16.4 12.8 14.7 14.1 12.8 11.6 11.1 11.5 11.3 11.1 Wholesale loans 9 44.9 61.2 55.7 56.9 51.3 64.5 52.4 51.3 48.6 42.2 46.9 45.2 42.2 Leases 24.8 29.0 32.3 32.4 31.0 33.6 30.8 31.0 19.8 19.1 19.6 19.4 19.1 Equipment 273.4 281.9 299.5 328.2 347.0 347.2 356.5 347.0 338.5 322.5 330.6 328.1 322.5 Loans 87.8 93.6 102.4 111.4 115.9 113.5 119.0 115.9 120.1 109.2 114.3 113.6 109.2 Leases 185.6 188.3 197.1 216.9 231.1 233.7 237.5 231.1 218.5 213.2 216.3 214.5 213.2 Other business receivables 10 93.3 91.8 93.5 89.0 97.8 103.9 103.2 97.8 98.1 98.1 98.6 97.9 98.1 Securitized assets 8 Motor vehicles 44.8 28.8 38.0 33.6 27.4 23.6 26.1 27.4 24.7 17.9 24.4 22.6 17.9 Retail loans 2.2 2.7 3.0 2.6 2.4 2.5 2.4 2.4 3.5 3.3 3.4 3.4 3.3 Wholesale loans 40.6 26.0 34.9 30.9 25.0 21.1 23.7 25.0 21.2 14.5 20.9 19.2 14.5 Leases 2.0 0.1 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Equipment 23.6 24.4 15.4 13.3 10.7 13.7 11.6 10.7 7.4 6.6 7.2 6.9 6.6 Loans 11.5 11.6 9.9 9.4 7.1 9.5 7.6 7.1 3.8 3.2 3.6 3.4 3.2 Leases 12.1 12.8 5.5 3.9 3.6 4.2 3.9 3.6 3.7 3.4 3.6 3.5 3.4 Other business receivables 10 30.2 32.2 33.8 32.4 30.3 34.5 31.4 30.3 30.1 45.5 35.1 40.3 45.5 ---------------------------------------------------------------------------------------------------------------------------------------------- 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. 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. r=revised. p=preliminary.