Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page


Release Date: December 12, 1997

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
October 1997 December 1997
 

OWNED AND MANAGED RECEIVABLES 2
  1996 1997
  Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
                                                                                           Seasonally Adjusted          
Growth Rates (percent at annual rate)        
  Total                           4.68     4.75     5.79     6.63     1.66    10.98     2.64     0.38    10.94     8.85    11.21     6.60     2.11  
    Consumer                     -2.20    -0.64     4.71     9.71     8.59     7.78    21.46     1.14     9.08     6.01    -2.36    -0.19     6.36  
    Real estate                   3.75     2.47    34.51     8.75     1.28    28.78    14.29    11.29    20.81    18.01    15.15   -26.65    12.60  
    Business                     11.20    10.30    -2.32     3.19    -4.42     8.04   -18.32    -4.08     9.27     8.29    22.56    24.54    -5.26  
                                             
Outstandings (billions of dollars)           
  Total                         755.72   758.72   762.38   766.59   767.65   774.68   776.38   776.62   783.71   789.48   796.86   801.24   802.65  
    Consumer                    305.61   305.45   306.65   309.13   311.34   313.36   318.96   319.27   321.68   323.29   322.66   322.61   324.32  
    Real estate                 108.55   108.77   111.90   112.72   112.84   115.54   116.92   118.02   120.07   121.87   123.41   120.67   121.93  
    Business                    341.57   344.50   343.83   344.74   343.47   345.78   340.50   339.34   341.96   344.32   350.80   357.97   356.40  
 
AUTO LOANS: TERMS OF CREDIT 3  
Percent except as noted; not seasonally adjusted            
  New car loans                
    Interest rate                10.40    10.31     8.60     7.17     7.44     8.08     8.56     7.80     7.64     6.71     5.93     6.12     7.27  
    Maturity (months)             52.5     52.3     52.3     55.1     54.6     53.5     52.8     53.2     53.3     54.6     55.5     55.4     54.4  
    Loan-to-value ratio             89       90       90       92       92       90       91       93       93       94       93       93       92  
    Amount financed (dollars)   17,435   17,719   17,670   17,090   16,837   17,198   17,620   18,060   18,171   18,281   18,329   18,520   18,779  
 
  Used car loans               
    Interest rate                13.75    13.56    13.42    12.93    13.08    13.18    13.29    13.48    13.55    13.51    13.38    13.29    13.22  
    Maturity (months)             51.1     50.3     49.9     51.5     51.1     51.1     51.2     51.3     51.3     51.4     51.2     50.8     50.6  
    Loan-to-value ratio            101      102       99       99       99       99       99       99       99       99       99       99      101  
    Amount financed (dollars)   12,326   12,393   12,492   12,362   12,202   12,194   12,195   12,261   12,239   12,307   12,204   12,190   12,287  
 

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. Data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all
loans of each type purchased during the month.
 

 

 

 

 

OWNED AND MANAGED RECEIVABLES 2
  1996 1997
  Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                 754.2  759.8  769.7   767.7   766.2   775.8   777.4   778.5   787.7   783.7   791.4   797.5   800.8
              
    Consumer                            305.7  307.1  310.6   310.6   309.9   311.8   316.4   318.3   321.8   322.2   322.4   323.3   324.2
      Motor vehicle loans                88.0   87.6   86.7    86.8    87.1    85.8    83.2    85.1    87.0    88.3    88.4    88.5    86.8
      Motor vehicle leases               91.4   91.8   92.5    93.6    94.3    95.6    96.7    97.3    98.5    99.3    98.3    96.1    96.1
      Revolving 4                        29.6   29.9   32.5    32.3    32.2    34.1    35.1    35.2    34.9    33.5    33.5    34.9    34.5
      Other 5                            33.8   33.6   33.2    34.4    34.0    34.0    34.3    34.7    34.8    34.7    35.2    35.0    35.4
      Securitized Assets 6                                                                          
        Motor vehicle loans              35.8   35.3   36.8    35.0    34.2    34.5    38.3    36.8    37.8    38.1    38.3    39.7    42.7
        Motor vehicle leases              8.1    8.8    8.7     8.6     8.5     8.4     9.4     9.3     9.2     9.0     8.9    10.0     9.9
        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                            19.0   20.2   20.1    19.8    19.7    19.6    19.3    19.9    19.7    19.4    19.7    19.0    18.9
              
    Real estate                         108.5  108.8  111.9   112.7   112.8   115.5   116.9   118.0   120.1   121.9   123.4   120.7   121.9
      One- to four-family                51.6   51.5   52.1    53.2    53.8    53.3    55.0    54.9    54.5    57.0    59.1    56.6    58.5
      Other                              31.4   31.1   30.5    30.3    30.2    30.1    30.3    30.3    30.3    30.1    30.1    29.8    29.7
      Securitized real estate assets 6                                                              
        One- to four-family              25.1   25.8   28.9    28.9    28.5    31.8    31.3    32.5    35.0    34.4    33.9    34.0    33.5
        Other                             0.4    0.4    0.4     0.3     0.3     0.4     0.3     0.3     0.3     0.3     0.3     0.3     0.3
              
    Business                            339.9  344.0  347.2   344.4   343.4   348.5   344.1   342.2   345.9   339.6   345.6   353.6   354.7
      Motor vehicles                     65.3   66.6   67.1    68.4    71.0    73.8    71.7    70.4    70.7    63.6    65.2    67.4    61.1
        Retail loans                     25.5   24.9   25.1    24.9    25.0    25.1    24.6    24.4    25.2    24.4    25.4    26.0    26.4
        Wholesale loans 7                31.2   32.9   33.0    34.5    36.9    39.6    37.9    36.6    36.3    29.9    30.4    31.8    25.0
        Leases                            8.6    8.7    9.0     9.1     9.1     9.1     9.2     9.3     9.3     9.3     9.4     9.6     9.7
      Equipment                         189.7  192.1  194.8   191.9   190.8   192.1   189.9   188.0   188.8   191.3   194.9   199.0   197.5
        Loans                            56.7   58.3   59.9    56.1    54.5    55.0    53.8    52.3    52.6    51.7    51.3    51.9    50.1
        Leases                          133.0  133.8  134.9   135.8   136.3   137.1   136.1   135.6   136.2   139.6   143.6   147.1   147.4
      Other business receivables 8       49.6   49.0   47.6    47.7    48.3    49.3    49.6    50.3    52.2    51.8    53.0    54.5    54.7
      Securitized assets 6                                                                          
        Motor vehicles                   21.9   22.9   24.0    23.3    20.7    20.5    20.3    21.1    21.3    19.9    19.8    19.6    28.4
          Retail loans                    1.5    2.8    2.7     2.6     2.4     2.2     2.1     2.6     2.5     2.4     2.3     2.2     2.1
          Wholesale loans                20.4   20.0   21.3    20.7    18.3    18.2    18.2    18.5    18.7    17.4    17.5    17.4    26.3
          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
        Equipment                        11.0   11.1   11.3    10.7    10.3    10.3     9.9     9.9    10.4    10.6    10.3    10.1    10.1
          Loans                           4.2    4.6    4.7     4.5     4.2     4.0     3.8     4.0     3.9     4.2     4.1     4.0     4.2
          Leases                          6.7    6.4    6.6     6.2     6.0     6.3     6.2     5.9     6.5     6.4     6.2     6.0     5.8
        Other business receivables 8      2.4    2.4    2.4     2.4     2.4     2.5     2.6     2.5     2.5     2.5     2.4     2.9     2.9
 

4. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
5. Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel,
boats, and recreation vehicles.
6. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the
loan originator.
7. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
8. 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.

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