Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: August 18, 2017
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G.20                                                         FINANCE COMPANIES 1                                         For immediate release
                                                                  June 2017                                                        August 2017

Owned and Managed Receivables Outstanding 2
Seasonally adjusted. Billions of dollars except as noted.
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                                                        Year                                   Quarter                          Month
                                       --------------------------------------- --------------------------------------- -----------------------
                                                                                        2016                            2017
                                                                               _______________________ _______________________________________

                                        2012    2013    2014    2015    2016     Q2      Q3      Q4      Q1     Q2 p    Apr r   May r   Jun p
----------------------------------------------------------------------------------------------------------------------------------------------
 Total percent change (annual rate) 3    -0.2     1.1     2.0     0.4    -1.5    -1.5    -0.4    -0.6     1.3    -0.5    -2.6     0.7     0.5
  Consumer                                2.0     2.7     3.2     2.4     0.1    -0.7     1.4    -0.6     0.6     0.3    -6.3     3.0     4.3
  Real estate                           -10.8   -12.5    -5.7   -19.3   -13.5   -15.1   -16.7    -9.7   -12.9    -8.9     8.8   -37.1     1.8
  Business                                3.0     3.7     2.5     3.3    -1.7     0.7     0.1     1.8     6.5    -0.3     2.4     4.6    -7.9

 Total flow (annual rate) 4              -2.8    14.8    28.3     5.8   -22.3   -21.1    -5.7    -8.0    19.2    -7.1   -37.7     9.3     7.1
  Consumer                               15.9    22.9    27.0    20.8     0.9    -6.5    12.2    -5.3     5.6     3.1   -56.9    27.1    39.2
  Real estate                           -30.0   -22.5    -8.9   -28.6   -16.1   -17.4   -18.5   -10.3   -13.4    -9.0     8.8   -37.4     1.7
  Business                               11.2    14.4    10.2    13.6    -7.1     2.8     0.5     7.5    27.0    -1.3    10.4    19.6   -33.9

 Total outstanding                     1399.1  1413.9  1442.2  1448.0  1425.7  1429.1  1427.7  1425.7  1430.5  1428.7  1427.3  1428.1  1428.7
  Consumer                              832.7   855.5   882.6   903.4   904.3   902.5   905.6   904.3   905.6   906.4   900.9   903.2   906.4
  Real estate                           179.5   157.0   148.1   119.5   103.4   110.6   106.0   103.4   100.1    97.9   100.8    97.7    97.9
  Business                              387.0   401.3   411.5   425.1   418.0   416.0   416.1   418.0   424.7   424.4   425.6   427.2   424.4
----------------------------------------------------------------------------------------------------------------------------------------------

Auto Loans: Terms of Credit 5
Not seasonally adjusted.
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New car loans
  Interest rates (percent)                4.6     4.7     4.9     5.1     5.0     5.0     5.0     4.9     5.1    n.a.    n.a.    n.a.    n.a.
  Maturity (months)                        62      63      64      65      66      66      66      67      67    n.a.    n.a.    n.a.    n.a.
  Amount financed (dollars)            25,341  25,586  26,288  27,472  28,601  28,127  28,667  29,469  29,134    n.a.    n.a.    n.a.    n.a.

Used car loans
  Interest rates (percent)               12.4    12.9    13.3    14.1    13.5    13.8    12.9    12.8    13.3    n.a.    n.a.    n.a.    n.a.
  Maturity (months)                        57      59      59      60      61      61      61      61      61    n.a.    n.a.    n.a.    n.a.
  Amount financed (dollars)            16,902  17,101  17,263  16,977  17,045  16,747  17,242  17,521  17,180    n.a.    n.a.    n.a.    n.a.
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Owned and Managed Receivables Outstanding (Levels) 2
(Billions of dollars)
Not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
                                                 Year                                   Quarter                          Month
                                --------------------------------------- --------------------------------------- -----------------------
                                                                                 2016                            2017
                                                                        _______________________ _______________________________________

                                 2012    2013    2014    2015    2016     Q2      Q3      Q4      Q1     Q2 p    Apr r   May r   Jun p
---------------------------------------------------------------------------------------------------------------------------------------

Total                           1399.1  1413.9  1442.2  1448.0  1425.7  1420.2  1426.1  1425.7  1419.2  1419.8  1412.8  1413.6  1419.8

Consumer                         832.7   855.5   882.6   903.4   904.3   897.6   906.9   904.3   897.2   901.5   892.8   896.6   901.5
 Motor vehicle loans             298.2   313.5   326.9   340.9   342.4   334.8   344.8   342.4   340.8   339.5   338.6   339.7   339.5
 Motor vehicle leases            144.0   167.3   188.9   212.5   228.7   222.5   225.9   228.7   228.4   230.5   228.0   230.4   230.5
 Revolving 6                      71.4    67.1    60.3    54.9    54.6    53.6    53.4    54.6    56.9    57.1    56.5    57.5    57.1
 Other 7                         310.2   298.6   296.9   285.8   271.4   278.4   275.2   271.4   264.2   267.6   262.8   262.2   267.6
 Securitized assets 8
  Motor vehicle loans              1.6     2.7     3.9     4.3     2.7     3.5     3.1     2.7     2.7     2.7     2.7     2.7     2.7
  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                            7.2     6.4     5.6     4.9     4.5     4.9     4.6     4.5     4.3     4.1     4.2     4.2     4.1

Real estate                      179.5   157.0   148.1   119.5   103.4   111.8   108.1   103.4   102.0    99.0   102.0    99.6    99.0
  One-to-four family             132.6   114.7   104.6    89.8    78.6    84.8    82.9    78.6    77.3    74.4    77.3    74.8    74.4
  Other                           46.9    42.3    43.5    29.8    24.9    27.0    25.1    24.9    24.7    24.7    24.7    24.7    24.7
  Securitized assets 8
   One-to-four family              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                           0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0     0.0

Business                         387.0   401.3   411.5   425.1   418.0   410.9   411.2   418.0   420.0   419.3   418.0   417.4   419.3
 Motor vehicles                  129.9   143.0   150.9   154.4   155.5   154.0   149.0   155.5   157.4   158.2   158.1   157.8   158.2
  Retail loans                    24.4    28.1    30.0    26.4    27.3    26.7    26.6    27.3    27.2    27.3    27.2    27.3    27.3
  Wholesale loans 9               78.0    86.2    88.6    95.9    97.9    96.3    91.3    97.9   100.3   101.4   101.1   101.0   101.4
  Leases                          27.6    28.8    32.4    32.2    30.3    31.0    31.1    30.3    29.8    29.5    29.7    29.6    29.5
 Equipment                       172.6   172.4   173.9   170.7   157.2   156.2   157.2   157.2   157.9   159.9   156.3   157.6   159.9
  Loans                          106.1   110.1   115.5   118.2   116.2   115.3   115.9   116.2   118.4   120.6   116.9   118.0   120.6
  Leases                          66.5    62.3    58.4    52.5    41.0    41.0    41.4    41.0    39.5    39.3    39.4    39.5    39.3
 Other business receivables 10    84.5    85.9    86.7   100.0   105.2   100.6   104.9   105.2   104.7   101.2   103.7   102.1   101.2
 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
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Owned and Managed Receivables Outstanding (Flows) 2,4
(Billions of dollars, annual rate)
Not seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------
                                                 Year                                   Quarter                          Month
                                --------------------------------------- --------------------------------------- -----------------------
                                                                                 2016                            2017
                                                                        _______________________ _______________________________________

                                 2012    2013    2014    2015    2016     Q2      Q3      Q4      Q1     Q2 p    Apr r   May r   Jun p
---------------------------------------------------------------------------------------------------------------------------------------

Total                             -2.8    14.8    28.3     5.8   -22.3   -11.5    23.6    -1.9   -25.8     2.4   -76.7     9.4    74.5

Consumer                          15.9    22.9    27.0    20.8     0.9     7.4    37.4   -10.6   -28.2    17.1   -52.7    45.9    58.1
 Motor vehicle loans              21.2    15.3    13.4    14.0     1.5    -4.3    40.2    -9.8    -6.6    -5.0   -26.1    13.9    -3.0
 Motor vehicle leases             24.3    23.3    21.6    23.5    16.2    19.2    13.7    11.3    -1.2     8.6    -4.4    28.3     1.8
 Revolving 6                     -11.6    -4.3    -6.8    -5.4    -0.3     1.6    -0.7     4.9     9.2     0.7    -4.1    11.4    -5.2
 Other 7                         -17.4   -11.7    -1.6   -11.1   -14.4    -7.8   -13.0   -14.9   -28.8    13.6   -17.5    -7.0    65.1
 Securitized assets 8
  Motor vehicle loans              0.4     1.1     1.2     0.4    -1.6    -1.6    -1.6    -1.6     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                           -1.0    -0.9    -0.7    -0.7    -0.4     0.5    -1.1    -0.4    -0.8    -0.7    -0.7    -0.7    -0.7

Real estate                      -30.0   -22.5    -8.9   -28.6   -16.1   -20.4   -14.9   -18.5    -5.6   -12.0    -0.6   -29.1    -6.4
  One-to-four family             -12.2   -17.8   -10.1   -14.9   -11.2   -12.4    -7.3   -17.5    -5.0   -11.8     0.0   -29.8    -5.6
  Other                          -14.6    -4.6     1.2   -13.7    -4.9    -8.1    -7.6    -1.0    -0.6    -0.2    -0.7     0.7    -0.8
  Securitized assets 8
   One-to-four family             -3.1     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                          -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                          11.2    14.4    10.2    13.6    -7.1     1.5     1.1    27.2     8.0    -2.6   -23.3    -7.4    22.8
 Motor vehicles                   15.6    13.1     7.9     3.5     1.1     0.0   -20.0    26.2     7.2     3.5     8.6    -3.3     5.1
  Retail loans                     4.0     3.7     1.9    -3.6     1.0     1.7    -0.3     2.9    -0.7     0.6     0.5     0.6     0.6
  Wholesale loans 9               10.9     8.2     2.4     7.3     2.0    -2.7   -19.9    26.4     9.8     4.1     9.5    -1.9     4.6
  Leases                           0.7     1.2     3.6    -0.2    -1.8     1.0     0.3    -3.1    -1.9    -1.2    -1.4    -1.9    -0.2
 Equipment                        -3.1    -0.2     1.6    -3.2   -13.5     2.5     3.9     0.0     2.7     7.8   -19.7    15.3    27.6
  Loans                            0.8     4.0     5.5     2.6    -1.9     4.9     2.4     1.4     8.8     8.7   -18.8    14.2    30.6
  Leases                          -3.9    -4.2    -3.9    -5.8   -11.5    -2.4     1.6    -1.4    -6.1    -0.9    -0.9     1.1    -3.0
 Other business receivables 10    -1.3     1.5     0.8    13.3     5.2    -1.0    17.2     1.0    -1.9   -13.8   -12.2   -19.4    -9.9
 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
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 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.




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