G.20 FINANCE COMPANIES 1 For immediate release January 2015 March 2015 Owned and Managed Receivables Outstanding 2 Seasonally adjusted. Billions of dollars except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2013 2014 2015 _______ _______________________________________________ _______ 2010 2011 2012 2013 2014 r Q4 Q1 Q2 Q3 Q4 r Nov r Dec r Jan p ---------------------------------------------------------------------------------------------------------------------------------------------- Total percent change (annual rate) 3 -6.7 -3.3 -0.2 1.1 2.0 -2.1 -0.9 2.9 1.9 4.2 -0.1 10.5 -1.3 Consumer -4.7 -1.3 2.0 2.7 3.2 0.2 1.6 2.8 4.1 4.0 2.8 9.0 2.3 Real estate -12.9 -13.0 -10.8 -12.5 -5.7 -16.8 -10.2 -9.6 -8.3 4.9 -5.4 22.1 -20.7 Business -3.6 0.8 3.0 3.7 2.6 -1.2 -2.6 7.7 0.9 4.5 -4.5 9.3 -2.2 Total flow (annual rate) 4 -107.4 -49.4 -2.8 14.8 28.6 -30.5 -12.8 40.3 27.1 59.8 -2.1 149.6 -19.4 Consumer -33.3 -10.9 15.9 22.9 27.1 2.1 13.8 24.2 35.8 34.6 24.3 79.2 20.3 Real estate -57.6 -41.5 -30.0 -22.5 -9.0 -27.6 -16.1 -14.7 -12.4 7.1 -7.9 32.2 -30.6 Business -16.5 3.0 11.2 14.4 10.6 -5.0 -10.5 30.8 3.8 18.2 -18.5 38.2 -9.1 Total outstanding 1518.2 1468.8 1399.1 1413.9 1442.5 1413.9 1410.7 1420.8 1427.6 1442.5 1430.1 1442.5 1440.9 Consumer 827.7 816.7 832.7 855.5 882.6 855.5 859.0 865.0 874.0 882.6 876.0 882.6 884.3 Real estate 317.8 276.3 179.5 157.0 148.0 157.0 153.0 149.3 146.2 148.0 145.3 148.0 145.4 Business 372.7 375.8 387.0 401.3 411.9 401.3 398.7 406.4 407.4 411.9 408.7 411.9 411.1 ---------------------------------------------------------------------------------------------------------------------------------------------- Auto Loans: Terms of Credit 5 Not seasonally adjusted. Percent except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 4.26 4.73 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 63.0 62.3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 86 80 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 27,959 26,673 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Used car loans Interest rates 8.16 7.73 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 62.6 64.5 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 96 96 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 18,124 18,723 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. ---------------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Levels) 2 (Billions of dollars) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2013 2014 2015 _______ _______________________________________________ _______ 2010 2011 2012 2013 2014 r Q4 Q1 Q2 Q3 Q4 r Nov r Dec r Jan p --------------------------------------------------------------------------------------------------------------------------------------- Total 1518.2 1468.8 1399.1 1413.9 1442.5 1413.9 1403.2 1409.5 1420.2 1442.5 1423.7 1442.5 1431.8 Consumer 827.7 816.7 832.7 855.5 882.6 855.5 851.1 858.5 870.3 882.6 872.7 882.6 880.8 Motor vehicle loans 277.4 276.9 298.2 313.5 326.9 313.5 314.6 318.2 325.5 326.9 325.4 326.9 327.8 Motor vehicle leases 111.8 119.7 144.0 167.3 188.9 167.3 172.1 177.7 184.4 188.9 186.5 188.9 190.4 Revolving 6 81.5 82.9 71.4 67.1 60.3 67.1 62.6 61.9 60.8 60.3 59.8 60.3 58.4 Other 7 346.0 327.7 310.2 298.6 297.0 298.6 292.8 291.6 290.3 297.0 292.0 297.0 294.9 Securitized assets 8 Motor vehicle loans 1.8 1.2 1.6 2.7 3.9 2.7 2.9 3.2 3.6 3.9 3.3 3.9 3.8 Motor vehicle 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 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 0.0 Other 9.1 8.2 7.2 6.4 5.6 6.4 6.1 6.0 5.8 5.6 5.7 5.6 5.5 Real estate 317.8 276.3 179.5 157.0 148.0 157.0 154.1 149.6 148.2 148.0 146.0 148.0 146.5 One-to-four family 169.5 149.7 132.6 114.7 104.6 114.7 111.5 109.1 106.7 104.6 104.2 104.6 103.0 Other 74.0 61.5 46.9 42.3 43.4 42.3 42.6 40.6 41.5 43.4 41.8 43.4 43.6 Securitized assets 8 One-to-four family 74.1 65.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Business 372.7 375.8 387.0 401.3 411.9 401.3 398.0 401.4 401.7 411.9 404.9 411.9 404.4 Motor vehicles 113.9 114.3 129.9 143.0 150.9 143.0 145.0 146.0 142.9 150.9 148.8 150.9 148.2 Retail loans 18.2 20.3 24.4 28.1 30.0 28.1 28.4 28.7 29.4 30.0 29.8 30.0 30.0 Wholesale loans 9 69.4 67.1 78.0 86.2 88.6 86.2 87.1 86.7 81.8 88.6 86.9 88.6 86.2 Leases 26.3 26.9 27.6 28.8 32.4 28.8 29.6 30.5 31.7 32.4 32.0 32.4 31.9 Equipment 178.7 175.7 172.6 172.4 175.5 172.4 171.4 171.2 171.6 175.5 172.4 175.5 173.1 Loans 104.4 105.3 106.1 110.1 117.0 110.1 111.3 111.4 112.7 117.0 113.7 117.0 114.9 Leases 74.2 70.4 66.5 62.3 58.4 62.3 60.0 59.8 58.9 58.4 58.7 58.4 58.2 Other business receivables 10 80.2 85.8 84.5 85.9 85.5 85.9 81.6 84.2 87.1 85.5 83.7 85.5 83.2 Securitized assets 8 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 --------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Flows) 2,4 (Billions of dollars, annual rate) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2013 2014 2015 _______ _______________________________________________ _______ 2010 2011 2012 2013 2014 r Q4 Q1 Q2 Q3 Q4 r Nov r Dec r Jan p --------------------------------------------------------------------------------------------------------------------------------------- Total -107.4 -49.4 -2.8 14.8 28.6 -1.0 -42.8 25.1 42.8 89.3 31.8 225.8 -129.2 Consumer -33.3 -10.9 15.9 22.9 27.1 16.7 -17.6 29.3 47.4 49.2 27.2 118.9 -21.6 Motor vehicle loans -14.6 -0.5 21.2 15.3 13.4 7.3 4.5 14.4 29.3 5.5 -4.5 18.2 10.4 Motor vehicle leases -14.3 7.9 24.3 23.3 21.6 13.8 19.2 22.1 26.7 18.3 9.7 28.7 17.3 Revolving 6 0.5 1.4 -11.6 -4.3 -6.8 0.7 -18.1 -2.8 -4.4 -1.9 -13.8 5.6 -22.3 Other 7 -8.1 -18.3 -17.4 -11.7 -1.6 -5.2 -23.2 -4.6 -5.1 26.6 37.8 60.2 -24.8 Securitized assets 8 Motor vehicle loans -3.6 -0.5 0.4 1.1 1.2 1.0 0.9 0.9 1.6 1.4 -1.4 6.9 -1.4 Motor vehicle 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 Revolving -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other -2.0 -0.9 -1.0 -0.9 -0.7 -0.8 -0.9 -0.7 -0.7 -0.7 -0.6 -0.7 -0.9 Real estate -57.6 -41.5 -30.0 -22.5 -9.0 -35.4 -11.7 -17.8 -5.9 -0.8 0.1 23.4 -17.6 One-to-four family -49.5 -19.8 -12.2 -17.8 -10.1 -29.3 -12.9 -9.8 -9.5 -8.2 -4.3 4.5 -19.8 Other -5.9 -12.5 -14.6 -4.6 1.1 -6.1 1.2 -8.1 3.7 7.5 4.4 18.9 2.2 Securitized assets 8 One-to-four family -2.2 -9.1 -3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Business -16.5 3.0 11.2 14.4 10.6 17.8 -13.5 13.6 1.3 40.9 4.5 83.5 -90.0 Motor vehicles -1.6 0.4 15.6 13.1 7.9 41.1 7.9 3.8 -12.2 32.0 37.6 25.7 -33.1 Retail loans -1.9 2.2 4.0 3.7 1.9 5.6 1.2 1.4 2.9 2.0 0.9 1.3 0.8 Wholesale loans 9 0.9 -2.4 10.9 8.2 2.4 33.7 3.5 -1.3 -19.9 27.4 34.9 20.2 -28.3 Leases -0.6 0.6 0.7 1.2 3.6 1.8 3.2 3.7 4.8 2.6 1.9 4.2 -5.6 Equipment 4.9 -3.0 -3.1 -0.2 3.1 -12.9 -4.0 -0.7 1.7 15.3 -8.4 36.3 -28.6 Loans 18.3 0.9 0.8 4.0 6.9 -5.3 5.0 0.4 5.3 17.1 -6.7 39.6 -25.9 Leases -13.4 -3.8 -3.9 -4.2 -3.9 -7.5 -9.0 -1.1 -3.5 -1.8 -1.7 -3.3 -2.7 Other business receivables 10 -20.2 5.6 -1.3 1.5 -0.4 -10.5 -17.3 10.5 11.8 -6.4 -24.8 21.5 -28.4 Securitized assets 8 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 --------------------------------------------------------------------------------------------------------------------------------------- Footnotes 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. In addition, percent changes are at a simple annual rate and are calculated from unrounded data. 4. Flow data represent changes in the level of credit due to economic and financial activity, and exclude breaks in the data series due to changes in methodology, source data, and other technical aspects of the estimation that could affect the level of credit. 5. Data are volume-weighted averages covering all loans of each type purchased during the month. The statistical foundation for these series has deteriorated in the past few months. Therefore, publication of these series is temporarily being suspended. The statistical foundation is in the process of being improved, and publication will resume as soon as possible. 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. Detailed historical data on securitized business receivables are available from the Data Download Program. 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. n.a.=not available.