G.20 FINANCE COMPANIES 1 For immediate release October 2018 December 2018 Owned and Managed Receivables Outstanding 2 Seasonally adjusted. Billions of dollars except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2017 2018 _______________ _______________________________________________ 2013 2014 2015 2016 2017 Q3 Q4 Q1 Q2 Q3 r Aug r Sep r Oct p ---------------------------------------------------------------------------------------------------------------------------------------------- Total percent change (annual rate) 3 1.1 2.0 0.4 -3.0 -1.8 -5.4 0.4 -0.1 0.0 -2.9 0.4 -13.0 -0.5 Consumer 2.7 3.2 2.4 -0.3 -1.0 -3.5 1.1 -2.6 -1.5 -0.9 1.9 -5.7 2.4 Real estate -12.5 -5.7 -19.3 -13.3 -10.5 -10.3 -4.2 -1.5 -6.1 -20.7 -10.0 -43.6 -9.5 Business 3.7 2.5 3.3 -4.1 -0.2 -7.3 0.7 5.2 4.9 -1.3 0.9 -17.3 -3.3 Total flow (annual rate) 4 14.8 28.3 5.8 -39.9 -22.6 -67.6 5.4 -0.7 0.5 -36.5 5.4 -163.1 -6.7 Consumer 22.9 27.0 20.8 -2.1 -7.3 -25.6 8.1 -18.9 -11.1 -6.4 13.6 -41.6 17.3 Real estate -22.5 -8.9 -28.6 -21.1 -14.5 -13.2 -5.3 -1.8 -7.5 -25.1 -12.1 -52.1 -10.9 Business 14.4 10.2 13.6 -16.7 -0.8 -28.8 2.6 20.0 19.1 -5.0 3.8 -69.5 -13.1 Total outstanding 1413.9 1442.2 1310.8 1270.9 1248.3 1246.9 1248.3 1248.1 1248.2 1239.1 1252.7 1239.1 1238.6 Consumer 855.5 882.6 746.6 744.6 737.3 735.3 737.3 732.6 729.8 728.2 731.6 728.2 729.6 Real estate 157.0 148.1 159.5 138.3 123.8 125.1 123.8 123.3 121.5 115.2 119.5 115.2 114.3 Business 401.3 411.5 404.7 388.0 387.2 386.6 387.2 392.2 397.0 395.7 401.5 395.7 394.7 ---------------------------------------------------------------------------------------------------------------------------------------------- Auto Loans: Terms of Credit 5 Not seasonally adjusted. ---------------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates (percent) 4.7 4.9 5.1 5.0 5.4 5.4 5.3 5.2 6.2 6.4 n.a. 6.4 n.a. Maturity (months) 63 64 65 66 67 67 67 66 66 66 n.a. 66 n.a. Amount financed (dollars) 25,586 26,288 27,472 28,601 29,288 29,154 30,295 30,472 29,805 29,921 n.a. 29,921 n.a. Used car loans Interest rates (percent) 12.9 13.3 14.1 13.5 13.4 13.3 13.5 14.2 14.3 13.8 n.a. 13.8 n.a. Maturity (months) 59 59 60 61 61 61 61 61 62 62 n.a. 62 n.a. Amount financed (dollars) 17,101 17,263 16,977 17,045 17,260 17,321 17,460 17,307 17,554 18,211 n.a. 18,211 n.a. ---------------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Levels) 2 (Billions of dollars) Not seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2017 2018 _______________ _______________________________________________ 2013 2014 2015 2016 2017 Q3 Q4 Q1 Q2 Q3 r Aug r Sep r Oct p -------------------------------------------------------------------------------------------------------------------------------------- Total 1413.9 1442.2 1310.8 1270.9 1248.3 1248.2 1248.3 1238.2 1241.2 1240.4 1242.0 1240.4 1236.0 Consumer 855.5 882.6 746.6 744.6 737.3 737.2 737.3 725.6 727.2 730.2 731.5 730.2 731.0 Motor vehicle loans 316.2 330.8 307.6 307.7 304.6 303.7 304.6 301.3 303.0 308.2 308.8 308.2 309.3 Motor vehicle leases 167.3 188.9 176.1 189.5 193.2 192.5 193.2 192.8 193.9 194.4 194.1 194.4 194.1 Revolving 6 67.1 60.3 25.7 25.5 26.6 26.1 26.6 24.6 24.1 23.5 23.7 23.5 23.5 Other 7 304.9 302.5 237.3 221.8 212.9 214.9 212.9 207.0 206.2 204.2 204.9 204.2 204.1 Real estate 157.0 148.1 159.5 138.3 123.8 127.8 123.8 125.5 122.6 117.9 122.3 117.9 114.8 One-to-four family 114.7 104.6 123.4 106.8 95.2 99.0 95.2 96.9 94.8 89.9 94.5 89.9 87.1 Other 42.3 43.5 36.0 31.5 28.6 28.8 28.6 28.7 27.8 28.0 27.8 28.0 27.7 Business 401.3 411.5 404.7 388.0 387.2 383.2 387.2 387.1 391.4 392.3 388.2 392.3 390.2 Motor vehicles 143.0 150.9 103.6 105.3 106.1 101.7 106.1 109.3 108.2 106.5 104.6 106.5 107.2 Retail loans 28.1 30.0 14.5 15.0 15.7 15.2 15.7 15.9 16.1 16.7 16.4 16.7 16.8 Wholesale loans 8 86.2 88.6 79.7 81.3 81.7 77.8 81.7 84.7 83.2 80.9 79.2 80.9 81.3 Leases 28.8 32.4 9.4 8.9 8.7 8.7 8.7 8.7 8.9 9.0 9.0 9.0 9.0 Equipment 172.4 173.9 218.9 197.2 195.3 196.7 195.3 197.9 201.8 201.7 200.6 201.7 199.5 Loans 110.1 115.5 122.1 115.2 117.4 119.5 117.4 119.4 125.1 126.2 125.1 126.2 124.8 Leases 62.3 58.4 96.8 82.0 77.9 77.2 77.9 78.5 76.7 75.5 75.5 75.5 74.7 Other business receivables 9 85.9 86.7 82.2 85.6 85.8 84.8 85.8 79.8 81.4 84.1 83.0 84.1 83.6 -------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Flows) 2,4 (Billions of dollars, annual rate) Not seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2017 2018 _______________ _______________________________________________ 2013 2014 2015 2016 2017 Q3 Q4 Q1 Q2 Q3 r Aug r Sep r Oct p -------------------------------------------------------------------------------------------------------------------------------------- Total 14.8 28.3 5.8 -39.9 -22.6 -34.4 0.4 -40.2 11.9 -3.3 18.1 -19.6 -52.6 Consumer 22.9 27.0 20.8 -2.1 -7.3 -7.5 0.1 -46.6 6.4 11.7 28.9 -16.3 10.0 Motor vehicle loans 16.4 14.6 -23.2 0.1 -3.1 0.0 3.4 -13.1 6.7 20.6 38.5 -7.9 13.4 Motor vehicle leases 23.3 21.6 -12.9 13.4 3.7 5.9 2.8 -1.8 4.6 1.7 2.7 3.2 -2.5 Revolving 6 -4.3 -6.8 -34.6 -0.2 1.1 -2.8 2.1 -8.1 -1.7 -2.6 -2.6 -2.6 0.4 Other 7 -12.5 -2.4 -65.3 -15.4 -9.0 -10.7 -8.2 -23.6 -3.2 -8.0 -9.8 -9.0 -1.3 Real estate -22.5 -8.9 -28.6 -21.1 -14.5 -7.0 -16.0 7.0 -11.7 -18.9 -5.4 -53.3 -37.1 One-to-four family -17.8 -10.1 18.8 -16.7 -11.6 -5.9 -15.3 6.6 -8.2 -19.7 -5.4 -55.4 -34.1 Other -4.6 1.2 -7.4 -4.5 -3.0 -1.1 -0.7 0.3 -3.5 0.8 -0.1 2.1 -2.9 Business 14.4 10.2 13.6 -16.7 -0.8 -20.0 16.2 -0.6 17.2 3.9 -5.4 50.0 -25.5 Motor vehicles 13.1 7.9 -47.3 1.7 0.9 -24.5 17.8 12.8 -4.6 -6.8 13.7 22.2 8.2 Retail loans 3.7 1.9 -15.5 0.6 0.7 0.7 2.0 0.5 0.8 2.4 2.3 2.6 2.1 Wholesale loans 8 8.2 2.4 -8.9 1.6 0.4 -25.3 15.7 12.0 -5.9 -9.6 10.7 19.7 5.3 Leases 1.2 3.6 -23.0 -0.5 -0.2 0.1 0.0 0.2 0.5 0.3 0.7 -0.1 0.8 Equipment -0.2 1.6 45.0 -21.7 -1.9 -3.5 -5.4 10.5 15.5 -0.4 -26.4 13.5 -26.9 Loans 4.0 5.5 6.5 -6.9 2.2 2.2 -8.2 8.0 22.8 4.5 -18.4 13.3 -17.5 Leases -4.2 -3.9 38.4 -14.8 -4.1 -5.6 2.8 2.5 -7.3 -4.9 -8.0 0.2 -9.4 Other business receivables 9 1.5 0.8 -4.5 3.3 0.2 8.0 3.9 -23.8 6.2 11.1 7.3 14.3 -6.9 -------------------------------------------------------------------------------------------------------------------------------------- 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.