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


Release Date: November 24, 1998

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
September 1998 November 1998
 

OWNED AND MANAGED RECEIVABLES 2
  1997 1998
  Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
                                                                                           Seasonally Adjusted          
Growth Rates (percent at annual rate)        
  Total                            5.5      5.5      4.5      6.6      3.0     12.4     -1.9      9.3     11.2     -2.3     13.3      8.3      7.1  
    Consumer                       4.2      8.2      2.1      9.7     -3.6      3.6      3.5      0.7      4.7      8.5     14.9      8.9      9.4  
    Real estate                  -26.7      8.8      1.4     -5.7      8.1     17.8    -20.5      3.0     22.5    -31.7     42.2     27.7      7.2  
    Business                      18.0      1.9      7.7      8.0      7.2     18.6     -0.4     19.0     13.1     -2.1      2.6      1.3      5.0  
                                             
Outstandings (billions of dollars)           
  Total                          798.8    802.4    805.4    809.8    811.8    820.2    819.0    825.3    833.0    831.3    840.6    846.4    851.4  
    Consumer                     322.3    324.5    325.1    327.7    326.7    327.7    328.7    328.9    330.2    332.5    336.6    339.1    341.8  
    Real estate                  120.7    121.5    121.7    121.1    121.9    123.7    121.6    121.9    124.2    120.9    125.2    128.1    128.8  
    Business                     355.8    356.3    358.6    361.0    363.2    368.8    368.7    374.5    378.6    377.9    378.7    379.2    380.7  
 
AUTO LOANS: TERMS OF CREDIT 3  
Percent except as noted; not seasonally adjusted            
  New car loans                
    Interest rate                 6.12     7.27     6.85     5.93     6.12     6.98     5.94     6.20     6.07     6.02     6.25     6.00     5.92  
    Maturity (months)             55.4     54.4     53.7     53.5     52.8     52.6     51.5     50.7     50.8     50.9     51.7     53.0     53.1  
    Loan-to-value ratio             93       92       91       92       92       92       92       91       93       91       92       93       93  
    Amount financed (dollars)   18,520   18,779   18,923   19,121   18,944   18,825   18,932   18,922   18,793   18,878   19,084   19,068   19,028  
 
  Used car loans               
    Interest rate                13.29    13.22    13.14    13.16    12.77    12.87    12.79    12.76    12.73    12.63    12.51    12.68    12.65  
    Maturity (months)             50.8     50.6     50.5     50.5     52.2     52.5     52.6     52.9     52.9     54.0     54.1     54.1     54.2  
    Loan-to-value ratio             99      101       99       99       98       97       97       98       99      100      100      101      101  
    Amount financed (dollars)   12,190   12,287   12,389   12,547   12,391   12,356   12,431   12,716   12,607   12,698   12,733   12,407   12,731  
 

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
  1997 1998
  Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                 795.3  800.8  806.9   818.1   812.2   819.6   819.7   825.3   832.2   836.0   835.2   842.6   847.8
              
    Consumer                            323.3  324.2  325.4   330.9   326.2   324.8   325.4   326.7   329.4   335.4   338.5   340.5   342.8
      Motor vehicle loans                88.5   86.8   86.0    87.0    87.4    84.7    86.8    90.6    89.6    89.9    91.7    95.3    96.2
      Motor vehicle leases               96.1   95.9   96.4    96.8    94.5    94.7    95.2    95.9    95.9    97.0    97.3    96.9    94.9
      Revolving 4                        34.9   34.7   34.8    38.6    37.6    36.9    36.6    30.4    30.5    29.9    29.6    30.2    29.7
      Other 5                            35.0   35.3   35.5    34.4    34.5    34.1    33.0    33.4    33.5    34.4    35.0    34.7    34.6
      Securitized Assets 6                                                                          
        Motor vehicle loans              39.7   42.6   42.5    44.3    42.8    45.3    45.0    42.8    45.7    49.3    50.2    49.2    51.8
        Motor vehicle leases             10.0    9.9   11.0    10.8    10.7    10.6    10.5    10.4    10.8    10.9    10.8    10.7    11.6
        Revolving                         0.0    0.0    0.0     0.0     0.0     0.0     0.0     5.3     5.3     5.3     5.3     5.3     5.3
        Other                            19.0   18.9   19.2    19.0    18.7    18.5    18.2    18.1    18.1    18.6    18.5    18.2    18.8
              
    Real estate                         120.7  121.5  121.7   121.1   121.9   123.7   121.6   121.9   124.2   120.9   125.2   128.1   128.8
      One- to four-family                56.6   58.5   59.4    59.0    59.8    62.2    61.5    62.4    65.2    62.3    65.9    68.6    68.4
      Other                              29.8   29.3   29.0    28.9    29.1    29.0    28.1    28.1    28.1    27.5    28.5    28.7    30.1
      Securitized real estate assets 6                                                              
        One- to four-family              34.0   33.5   33.0    33.0    32.8    32.3    31.8    31.2    30.7    30.9    30.6    30.7    30.2
        Other                             0.3    0.3    0.2     0.2     0.2     0.2     0.2     0.2     0.2     0.1     0.1     0.1     0.1
              
    Business                            351.4  355.1  359.8   366.1   364.0   371.1   372.7   376.7   378.6   379.7   371.5   374.0   376.2
      Motor vehicles                     67.4   61.2   62.0    63.5    61.8    64.8    67.8    68.2    69.1    68.4    61.1    62.5    65.5
        Retail loans                     26.0   26.5   26.3    25.6    26.1    26.4    27.3    28.3    29.3    29.2    29.2    29.6    30.0
        Wholesale loans 7                31.8   25.0   25.8    27.7    25.6    28.2    30.2    29.5    29.5    28.2    21.0    22.0    24.2
        Leases                            9.6    9.7    9.8    10.2    10.1    10.2    10.2    10.4    10.4    11.0    10.9    10.9    11.3
      Equipment                         199.0  198.5  198.9   203.9   204.2   204.7   206.5   207.8   209.3   212.8   212.8   212.0   210.8
        Loans                            51.9   50.3   49.6    51.5    50.7    49.9    50.8    51.2    51.3    52.7    51.6    51.8    47.9
        Leases                          147.1  148.2  149.4   152.3   153.5   154.8   155.7   156.7   158.0   160.2   161.2   160.2   162.9
      Other business receivables 8       53.1   54.7   54.0    51.1    52.1    55.6    51.6    54.0    54.3    53.7    54.5    57.0    58.9
      Securitized assets 6                                                                          
        Motor vehicles                   19.6   28.4   32.4    33.0    31.5    31.2    32.1    31.6    31.0    29.1    26.3    25.9    24.5
          Retail loans                    2.2    2.1    2.5     2.4     2.3     2.2     2.0     1.9     1.9     2.3     2.2     2.1     2.0
          Wholesale loans                17.4   26.3   29.8    30.5    29.2    29.0    30.0    29.6    29.2    26.7    24.1    23.8    22.5
          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                         9.6    9.7    9.9    10.7    10.4    10.8    10.5    10.3    10.2    10.5    11.5    11.4    11.3
          Loans                           3.6    3.8    4.1     4.2     3.9     4.3     4.2     4.1     4.0     4.1     5.1     4.9     4.9
          Leases                          6.0    5.8    5.8     6.5     6.5     6.5     6.3     6.2     6.2     6.4     6.4     6.4     6.4
        Other business receivables 8      2.6    2.7    2.6     4.0     4.0     4.0     4.2     4.7     4.7     5.3     5.4     5.2     5.3
 

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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