G.20 FINANCE COMPANIES 1 For immediate release August 2016 October 2016 Owned and Managed Receivables Outstanding 2 Seasonally adjusted. Billions of dollars except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2015 2016 _______________________ _______________________________________ 2011 2012 2013 2014 2015 Q2 Q3 Q4 Q1 Q2 Jun Jul Aug p ---------------------------------------------------------------------------------------------------------------------------------------------- Total percent change (annual rate) 3 -3.3 -0.2 1.1 2.0 0.4 0.1 2.4 -3.0 -3.3 -1.5 -4.9 -1.2 1.6 Consumer -1.3 2.0 2.7 3.2 2.4 3.2 4.4 -1.4 0.9 -0.4 -1.3 -1.9 4.2 Real estate -13.0 -10.8 -12.5 -5.7 -19.3 -28.5 -22.7 -20.8 -12.0 -15.6 -7.6 -8.7 -16.1 Business 0.8 3.0 3.7 2.5 3.3 3.4 6.0 -1.2 -9.9 0.2 -12.1 2.3 0.9 Total flow (annual rate) 4 -49.4 -2.8 14.8 28.3 5.8 1.7 34.7 -44.2 -48.2 -21.5 -70.7 -17.8 23.5 Consumer -10.9 15.9 22.9 27.0 20.8 28.4 39.7 -13.0 8.0 -4.0 -11.7 -17.5 37.7 Real estate -41.5 -30.0 -22.5 -8.9 -28.6 -41.0 -30.3 -26.2 -14.3 -18.1 -8.5 -9.7 -17.8 Business 3.0 11.2 14.4 10.2 13.6 14.3 25.4 -5.0 -41.9 0.7 -50.5 9.4 3.6 Total outstanding 1468.8 1399.1 1413.9 1442.2 1448.0 1450.3 1459.0 1448.0 1435.9 1430.6 1430.6 1429.1 1431.0 Consumer 816.7 832.7 855.5 882.6 903.4 896.7 906.6 903.4 905.4 904.4 904.4 902.9 906.0 Real estate 276.3 179.5 157.0 148.1 119.5 133.6 126.1 119.5 115.9 111.4 111.4 110.6 109.1 Business 375.8 387.0 401.3 411.5 425.1 420.0 426.3 425.1 414.6 414.8 414.8 415.6 415.9 ---------------------------------------------------------------------------------------------------------------------------------------------- Auto Loans: Terms of Credit 5 Not seasonally adjusted. ---------------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates (percent) 4.4 4.6 4.7 4.9 5.1 5.4 4.9 5.0 5.2 5.0 5.0 n.a. n.a. Maturity (months) 61 62 63 64 65 65 66 65 66 66 66 n.a. n.a. Amount financed (dollars) 25,121 25,341 25,586 26,288 27,472 26,932 27,698 27,986 28,140 28,127 28,127 n.a. n.a. Used car loans Interest rates (percent) 11.5 12.4 12.9 13.3 14.1 14.6 14.0 13.9 14.4 13.8 13.8 n.a. n.a. Maturity (months) 56 57 59 59 60 61 61 60 61 61 61 n.a. n.a. Amount financed (dollars) 17,091 16,902 17,101 17,263 16,977 16,963 17,248 16,938 16,670 16,747 16,747 n.a. n.a. ---------------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Levels) 2 (Billions of dollars) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2015 2016 _______________________ _______________________________________ 2011 2012 2013 2014 2015 Q2 Q3 Q4 Q1 Q2 Jun Jul Aug p --------------------------------------------------------------------------------------------------------------------------------------- Total 1468.8 1399.1 1413.9 1442.2 1448.0 1441.2 1456.6 1448.0 1423.6 1421.4 1421.4 1414.3 1417.4 Consumer 816.7 832.7 855.5 882.6 903.4 890.9 905.9 903.4 896.1 898.5 898.5 898.5 903.7 Motor vehicle loans 276.9 298.2 313.5 326.9 340.9 334.8 343.5 340.9 335.9 335.1 335.1 335.4 340.9 Motor vehicle leases 119.7 144.0 167.3 188.9 212.5 199.2 206.9 212.5 217.7 222.5 222.5 222.9 223.8 Revolving 6 82.9 71.4 67.1 60.3 54.9 57.5 57.6 54.9 53.2 53.6 53.6 53.4 53.4 Other 7 327.7 310.2 298.6 296.9 285.8 289.8 288.2 285.8 280.4 278.5 278.5 277.7 276.6 Securitized assets 8 Motor vehicle loans 1.2 1.6 2.7 3.9 4.3 4.4 4.7 4.3 4.3 4.3 4.3 4.3 4.3 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 8.2 7.2 6.4 5.6 4.9 5.2 5.1 4.9 4.7 4.6 4.6 4.8 4.7 Real estate 276.3 179.5 157.0 148.1 119.5 134.0 127.9 119.5 116.9 111.8 111.8 111.3 110.3 One-to-four family 149.7 132.6 114.7 104.6 89.8 96.6 92.9 89.8 87.9 84.8 84.8 84.6 84.2 Other 61.5 46.9 42.3 43.5 29.8 37.5 35.0 29.8 29.0 27.0 27.0 26.8 26.1 Securitized assets 8 One-to-four family 65.0 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 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 Business 375.8 387.0 401.3 411.5 425.1 416.3 422.8 425.1 410.5 411.0 411.0 404.4 403.5 Motor vehicles 114.3 129.9 143.0 150.9 154.4 156.3 154.0 154.4 154.0 154.1 154.1 149.2 148.9 Retail loans 20.3 24.4 28.1 30.0 26.4 31.0 31.7 26.4 26.3 26.7 26.7 26.7 26.7 Wholesale loans 9 67.1 78.0 86.2 88.6 95.9 92.0 88.8 95.9 97.0 96.4 96.4 91.6 91.3 Leases 26.9 27.6 28.8 32.4 32.2 33.3 33.5 32.2 30.8 31.0 31.0 31.0 30.9 Equipment 175.7 172.6 172.4 173.9 170.7 169.7 170.6 170.7 155.6 156.3 156.3 156.2 153.9 Loans 105.3 106.1 110.1 115.5 118.2 114.7 116.2 118.2 114.1 115.3 115.3 115.1 112.5 Leases 70.4 66.5 62.3 58.4 52.5 55.1 54.4 52.5 41.6 41.0 41.0 41.2 41.4 Other business receivables 10 85.8 84.5 85.9 86.7 100.0 90.2 98.3 100.0 100.9 100.7 100.7 98.9 100.7 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 --------------------------------------- --------------------------------------- ----------------------- 2015 2016 _______________________ _______________________________________ 2011 2012 2013 2014 2015 Q2 Q3 Q4 Q1 Q2 Jun Jul Aug p --------------------------------------------------------------------------------------------------------------------------------------- Total -49.4 -2.8 14.8 28.3 5.8 14.3 61.8 -34.6 -97.7 -8.8 5.5 -84.8 37.7 Consumer -10.9 15.9 22.9 27.0 20.8 42.0 60.2 -10.3 -28.8 9.6 7.0 0.0 62.2 Motor vehicle loans -0.5 21.2 15.3 13.4 14.0 24.2 34.8 -10.3 -19.9 -3.1 3.1 3.5 65.4 Motor vehicle leases 7.9 24.3 23.3 21.6 23.5 23.4 30.8 22.3 20.8 19.2 10.1 5.8 10.5 Revolving 6 1.4 -11.6 -4.3 -6.8 -5.4 2.8 0.4 -10.7 -7.1 1.6 -3.2 -2.0 0.6 Other 7 -18.3 -17.4 -11.7 -1.6 -11.1 -8.7 -6.5 -9.3 -21.9 -7.4 -2.3 -9.9 -13.6 Securitized assets 8 Motor vehicle loans -0.5 0.4 1.1 1.2 0.4 0.8 1.4 -1.7 0.0 0.0 0.0 0.0 0.0 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 -0.9 -1.0 -0.9 -0.7 -0.7 -0.7 -0.7 -0.7 -0.7 -0.7 -0.7 2.7 -0.7 Real estate -41.5 -30.0 -22.5 -8.9 -28.6 -43.3 -24.7 -33.4 -10.5 -20.4 -21.4 -5.4 -13.0 One-to-four family -19.8 -12.2 -17.8 -10.1 -14.9 -18.3 -14.9 -12.4 -7.6 -12.4 -17.2 -2.5 -4.8 Other -12.5 -14.6 -4.6 1.2 -13.7 -25.1 -9.8 -21.0 -2.9 -8.1 -4.2 -2.9 -8.2 Securitized assets 8 One-to-four family -9.1 -3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other 0.0 -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 3.0 11.2 14.4 10.2 13.6 15.7 26.3 9.1 -58.4 2.1 20.0 -79.5 -11.4 Motor vehicles 0.4 15.6 13.1 7.9 3.5 14.4 -9.4 1.9 -1.8 0.6 -1.8 -58.7 -4.3 Retail loans 2.2 4.0 3.7 1.9 -3.6 6.0 2.9 -21.2 -0.5 1.7 1.7 -0.1 0.0 Wholesale loans 9 -2.4 10.9 8.2 2.4 7.3 4.7 -13.0 28.5 4.3 -2.2 -5.2 -58.0 -3.5 Leases 0.6 0.7 1.2 3.6 -0.2 3.7 0.7 -5.4 -5.6 1.0 1.7 -0.5 -0.9 Equipment -3.0 -3.1 -0.2 1.6 -3.2 -8.2 3.4 0.5 -60.4 2.5 4.5 -0.2 -28.1 Loans 0.9 0.8 4.0 5.5 2.6 -2.1 6.2 7.8 -16.5 4.9 11.2 -2.3 -30.6 Leases -3.8 -3.9 -4.2 -3.9 -5.8 -6.1 -2.9 -7.3 -43.9 -2.4 -6.7 2.1 2.4 Other business receivables 10 5.6 -1.3 1.5 0.8 13.3 9.5 32.4 6.7 3.8 -0.9 17.3 -20.6 21.1 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 --------------------------------------------------------------------------------------------------------------------------------------- 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. Covers most of the captive and non-captive finance companies. The series of finance company car loan terms included in previous releases are discontinued. They remain available from the Data Download Program. 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.