G.20 FINANCE COMPANIES 1 For immediate release November 2017 January 2018 Owned and Managed Receivables Outstanding 2 Seasonally adjusted. Billions of dollars except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2016 2017 _______________ _______________________________________________ 2012 2013 2014 2015 2016 Q3 Q4 Q1 Q2 Q3 r Sep r Oct r Nov p ---------------------------------------------------------------------------------------------------------------------------------------------- Total percent change (annual rate) 3 -0.2 1.1 2.0 0.4 -3.0 -1.4 -1.7 0.4 -1.6 -4.1 -9.5 -17.0 -4.5 Consumer 2.0 2.7 3.2 2.4 -0.3 0.7 -1.2 1.1 -0.6 -2.8 0.1 -23.0 2.9 Real estate -10.8 -12.5 -5.7 -19.3 -13.3 -16.8 -9.5 -17.7 -11.6 -8.2 -7.0 -26.4 -7.3 Business 3.0 3.7 2.5 3.3 -4.1 0.4 0.1 5.7 -0.3 -5.3 -28.2 -2.5 -17.7 Total flow (annual rate) 4 -2.8 14.8 28.3 5.8 -39.9 -18.2 -22.1 5.5 -20.8 -51.9 -120.4 -212.9 -56.1 Consumer 15.9 22.9 27.0 20.8 -2.1 5.0 -9.2 7.9 -4.2 -20.7 0.0 -170.0 21.3 Real estate -30.0 -22.5 -8.9 -28.6 -21.1 -24.9 -13.4 -24.5 -15.3 -10.5 -8.9 -33.1 -9.0 Business 11.2 14.4 10.2 13.6 -16.7 1.7 0.5 22.2 -1.3 -20.7 -112.1 -9.8 -68.4 Total outstanding 1399.1 1413.9 1442.2 1310.8 1270.9 1276.4 1270.9 1272.3 1267.1 1254.1 1254.1 1236.4 1231.7 Consumer 832.7 855.5 882.6 746.6 744.6 746.9 744.6 746.5 745.5 740.3 740.3 726.1 727.9 Real estate 179.5 157.0 148.1 159.5 138.3 141.7 138.3 132.2 128.4 125.7 125.7 123.0 122.2 Business 387.0 401.3 411.5 404.7 388.0 387.9 388.0 393.5 393.2 388.1 388.1 387.2 381.5 ---------------------------------------------------------------------------------------------------------------------------------------------- Auto Loans: Terms of Credit 5 Not seasonally adjusted. ---------------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates (percent) 4.6 4.7 4.9 5.1 5.0 5.0 4.9 5.1 5.6 5.4 5.4 n.a. n.a. Maturity (months) 62 63 64 65 66 66 67 67 67 67 67 n.a. n.a. Amount financed (dollars) 25,341 25,586 26,288 27,472 28,601 28,667 29,469 29,134 28,569 29,154 29,154 n.a. n.a. Used car loans Interest rates (percent) 12.4 12.9 13.3 14.1 13.5 12.9 12.8 13.3 13.7 13.3 13.3 n.a. n.a. Maturity (months) 57 59 59 60 61 61 61 61 61 61 61 n.a. n.a. Amount financed (dollars) 16,902 17,101 17,263 16,977 17,045 17,242 17,521 17,180 17,078 17,321 17,321 n.a. n.a. ---------------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Levels) 2 (Billions of dollars) Not seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2016 2017 _______________ _______________________________________________ 2012 2013 2014 2015 2016 Q3 Q4 Q1 Q2 Q3 r Sep r Oct r Nov p -------------------------------------------------------------------------------------------------------------------------------------- Total 1399.1 1413.9 1442.2 1310.8 1270.9 1274.9 1270.9 1261.0 1258.2 1252.6 1252.6 1232.6 1228.6 Consumer 832.7 855.5 882.6 746.6 744.6 748.2 744.6 738.1 740.5 741.6 741.6 726.6 727.3 Motor vehicle loans 299.8 316.2 330.8 307.6 307.7 310.1 307.7 306.2 305.1 305.8 305.8 305.5 305.9 Motor vehicle leases 144.0 167.3 188.9 176.1 189.5 187.2 189.5 189.3 191.1 192.5 192.5 192.3 192.7 Revolving 6 71.4 67.1 60.3 25.7 25.5 24.9 25.5 26.7 26.8 26.1 26.1 12.2 12.2 Other 7 317.5 304.9 302.5 237.3 221.8 225.9 221.8 215.9 217.6 217.2 217.2 216.6 216.4 Real estate 179.5 157.0 148.1 159.5 138.3 143.7 138.3 134.1 129.5 127.8 127.8 124.0 123.9 One-to-four family 132.6 114.7 104.6 123.4 106.8 113.3 106.8 104.9 100.5 99.0 99.0 95.3 95.2 Other 46.9 42.3 43.5 36.0 31.5 30.5 31.5 29.2 29.0 28.8 28.8 28.7 28.7 Business 387.0 401.3 411.5 404.7 388.0 382.9 388.0 388.8 388.1 383.1 383.1 382.0 377.4 Motor vehicles 129.9 143.0 150.9 103.6 105.3 99.7 105.3 107.0 107.8 101.7 101.7 102.2 104.4 Retail loans 24.4 28.1 30.0 14.5 15.0 14.6 15.0 15.0 15.0 15.2 15.2 15.2 15.2 Wholesale loans 8 78.0 86.2 88.6 79.7 81.3 76.0 81.3 83.3 84.1 77.8 77.8 78.3 80.4 Leases 27.6 28.8 32.4 9.4 8.9 9.1 8.9 8.8 8.7 8.7 8.7 8.7 8.7 Equipment 172.6 172.4 173.9 218.9 197.2 198.3 197.2 196.1 197.5 196.6 196.6 195.8 191.4 Loans 106.1 110.1 115.5 122.1 115.2 115.5 115.2 117.2 118.9 119.5 119.5 118.5 115.0 Leases 66.5 62.3 58.4 96.8 82.0 82.7 82.0 79.0 78.6 77.2 77.2 77.3 76.4 Other business receivables 9 84.5 85.9 86.7 82.2 85.6 85.0 85.6 85.6 82.8 84.8 84.8 83.9 81.6 -------------------------------------------------------------------------------------------------------------------------------------- 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 Q3 Q4 Q1 Q2 Q3 r Sep r Oct r Nov p -------------------------------------------------------------------------------------------------------------------------------------- Total -2.8 14.8 28.3 5.8 -39.9 11.2 -16.0 -39.5 -11.2 -22.5 16.8 -239.8 -47.7 Consumer 15.9 22.9 27.0 20.8 -2.1 30.2 -14.5 -25.9 9.7 4.5 28.4 -180.1 7.8 Motor vehicle loans 21.6 16.4 14.6 -23.2 0.1 34.8 -9.9 -5.8 -4.3 2.8 8.9 -3.8 4.9 Motor vehicle leases 24.3 23.3 21.6 -12.9 13.4 11.3 9.3 -1.0 7.1 5.9 7.6 -2.6 4.8 Revolving 6 -11.6 -4.3 -6.8 -34.6 -0.2 -0.4 2.4 4.6 0.4 -2.8 -2.9 -165.9 -0.1 Other 7 -18.4 -12.5 -2.4 -65.3 -15.4 -15.6 -16.4 -23.7 6.6 -1.5 14.9 -7.8 -1.8 Real estate -30.0 -22.5 -8.9 -28.6 -21.1 -21.3 -21.7 -16.7 -18.4 -7.0 -7.2 -45.7 -0.9 One-to-four family -82.2 -17.8 -10.1 18.8 -16.7 -10.9 -26.0 -7.4 -17.6 -5.9 -5.5 -44.9 -1.3 Other -14.7 -4.6 1.2 -7.4 -4.5 -10.4 4.3 -9.3 -0.8 -1.1 -1.8 -0.8 0.4 Business 11.2 14.4 10.2 13.6 -16.7 2.3 20.2 3.2 -2.6 -20.0 -4.5 -14.0 -54.6 Motor vehicles 15.6 13.1 7.9 -47.3 1.7 -16.1 22.1 7.0 3.3 -24.5 8.6 6.5 26.0 Retail loans 4.0 3.7 1.9 -15.5 0.6 -0.2 1.7 -0.4 0.3 0.7 0.7 0.1 0.1 Wholesale loans 8 10.9 8.2 2.4 -8.9 1.6 -16.0 21.2 7.9 3.3 -25.3 7.6 6.2 25.7 Leases 0.7 1.2 3.6 -23.0 -0.5 0.1 -0.8 -0.5 -0.3 0.1 0.3 0.3 0.1 Equipment -3.1 -0.2 1.6 45.0 -21.7 5.9 -4.3 -4.2 5.5 -3.5 -12.6 -9.5 -53.1 Loans 0.8 4.0 5.5 6.5 -6.9 2.5 -1.4 7.9 7.0 2.2 -6.9 -11.2 -42.2 Leases -3.9 -4.2 -3.9 38.4 -14.8 3.3 -2.9 -12.1 -1.5 -5.7 -5.7 1.7 -11.0 Other business receivables 9 -1.3 1.5 0.8 -4.5 3.3 12.6 2.4 0.4 -11.4 8.1 -0.4 -11.0 -27.4 -------------------------------------------------------------------------------------------------------------------------------------- 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. 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. n.a.=not available.