G.20 FINANCE COMPANIES 1 For immediate release February 2010 April 2010 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2,3 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2008 2009 2010 _______ _______________________________________ _______________ 2005 2006 2007 2008 2009 r Q4 Q1 Q2 Q3 Q4r Dec r Jan r Feb p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 4 Total 6.5 6.1 2.0 -6.4 -15.6 -16.6 -15.7 -16.3 -12.2 -22.3 -23.3 0.1 -9.7 Consumer 5.1 5.6 8.0 -5.7 -16.3 -15.2 -19.0 -15.9 -11.1 -23.6 -15.9 -2.0 -8.0 Real estate 12.9 9.0 -6.7 -15.4 -10.7 -18.9 -5.6 -7.4 -13.0 -18.7 -27.7 0.3 -17.3 Business 2.6 3.7 2.9 1.1 -18.5 -16.8 -19.2 -24.0 -13.2 -23.4 -29.8 2.9 -5.3 Amount: billions of dollars Total 1898.5 2013.4 2054.4 1922.2 1622.1 1922.2 1846.8 1771.8 1717.6 1622.1 1622.1 1622.2 1609.2 Consumer 775.4 819.1 884.3 833.6 697.5 833.6 794.0 762.4 741.3 697.5 697.5 696.4 691.7 Real estate 562.0 612.6 571.3 483.3 431.4 483.3 476.6 467.8 452.6 431.4 431.4 431.6 425.3 Business 561.0 581.7 598.8 605.2 493.1 605.2 576.2 541.6 523.8 493.1 493.1 494.3 492.1 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 5 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 6.02 4.99 4.87 5.52 3.82 7.09 4.71 3.45 3.66 3.47 3.26 3.94 4.72 Maturity (months) 60.0 63.0 62.0 63.4 62.0 62.3 59.3 62.1 62.7 63.9 64.0 63.5 62.5 Loan-to-value ratio 88 94 95 91 90 86 87 92 90 92 92 90 89 Amount financed (dollars) 24,133 26,620 28,287 26,178 28,272 24,400 25,518 28,577 27,884 31,109 30,598 29,379 28,040 Used car loans Interest rates 8.81 9.61 9.24 8.74 9.41 9.26 9.73 9.71 9.50 8.70 8.62 8.53 8.55 Maturity (months) 58.6 59.4 60.7 59.8 59.2 58.8 57.7 58.1 59.5 61.7 62.1 61.7 61.4 Loan-to-value ratio 98 99 100 98 101 101 103 101 101 98 97 96 96 Amount financed (dollars) 16,228 16,671 17,095 16,664 16,225 16,196 15,104 15,780 16,346 17,668 17,932 17,808 17,644 --------------------------------------------------------------------------------------------------------------------------------------- 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. Seasonally adjusted series have been revised from January 1998 forward as a result of new seasonal factors. 4. The series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect of such breaks. 5. 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 OUTSTANDING 2 (Billions of dollars) Not seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------- 2008 2009 2010 _______ _______________________________________ _______________ 2005 2006 2007 2008 2009 r Q4 Q1 Q2 Q3 Q4 r Dec r Jan r Feb p ---------------------------------------------------------------------------------------------------------------------------------------------- Total 1910.9 2025.4 2065.6 1932.4 1630.6 1932.4 1842.5 1767.5 1717.3 1630.6 1630.6 1623.4 1609.0 Consumer 781.4 825.4 891.1 840.2 703.0 840.2 787.8 757.8 747.6 703.0 703.0 697.6 687.5 Motor vehicle loans 278.0 259.8 261.5 247.7 205.6 247.7 231.3 220.2 213.5 205.6 205.6 211.9 205.7 Motor vehicle leases 85.3 106.0 122.9 111.1 85.4 111.1 101.8 94.0 90.2 85.4 85.4 84.1 82.3 Revolving 6 66.3 79.9 86.0 74.4 46.4 74.4 52.0 50.0 47.3 46.4 46.4 46.8 46.1 Other 7 172.3 194.7 236.5 253.7 235.8 253.7 263.6 256.4 259.8 235.8 235.8 232.9 230.7 Securitized assets 8 Motor vehicle loans 112.6 112.8 110.7 85.1 67.3 85.1 74.4 73.6 73.2 67.3 67.3 59.3 60.2 Motor vehicle leases 4.2 3.6 3.1 2.7 2.3 2.7 2.6 2.5 2.4 2.3 2.3 2.3 2.3 Revolving 14.9 15.9 25.6 25.5 24.1 25.5 22.9 23.0 23.8 24.1 24.1 24.1 24.1 Other 47.8 52.8 44.7 40.0 36.2 40.0 39.3 38.1 37.3 36.2 36.2 36.1 36.1 Real estate 565.0 614.8 572.4 483.9 431.9 483.9 475.8 462.3 450.5 431.9 431.9 432.5 428.2 One-to-four family 489.8 538.1 472.7 375.4 327.7 375.4 368.4 356.1 345.1 327.7 327.7 326.2 322.0 Other 51.6 56.2 59.1 72.5 69.7 72.5 71.8 70.8 70.5 69.7 69.7 71.8 71.8 Securitized assets 8 One-to-four family 18.9 16.8 34.9 31.0 30.3 31.0 30.8 30.6 30.4 30.3 30.3 30.2 30.2 Other 4.8 3.7 5.6 5.0 4.3 5.0 4.8 4.8 4.4 4.3 4.3 4.3 4.3 Business 564.5 585.2 602.2 608.3 495.6 608.3 578.9 547.5 519.2 495.6 495.6 493.3 493.2 Motor vehicles 105.5 105.1 105.7 95.1 63.4 95.1 80.0 72.4 66.9 63.4 63.4 62.7 63.8 Retail loans 15.2 17.1 16.4 12.8 10.1 12.8 11.6 11.1 10.2 10.1 10.1 9.9 9.8 Wholesale loans 9 61.2 55.7 56.9 51.3 37.0 51.3 48.6 42.2 39.3 37.0 37.0 36.7 37.9 Leases 29.0 32.3 32.4 31.0 16.3 31.0 19.8 19.1 17.3 16.3 16.3 16.2 16.1 Equipment 281.9 299.5 328.2 347.0 296.9 347.0 338.5 322.5 311.7 296.9 296.9 295.7 294.5 Loans 93.6 102.4 111.4 115.9 92.2 115.9 120.1 109.2 100.5 92.2 92.2 92.4 92.9 Leases 188.3 197.1 216.9 231.1 204.7 231.1 218.5 213.2 211.2 204.7 204.7 203.3 201.5 Other business receivables 10 91.8 93.5 89.0 97.8 88.6 97.8 98.1 98.1 95.7 88.6 88.6 89.8 90.0 Securitized assets 8 Motor vehicles 28.8 38.0 33.6 27.4 12.4 27.4 24.7 17.9 13.4 12.4 12.4 12.3 12.3 Retail loans 2.7 3.0 2.6 2.4 3.0 2.4 3.5 3.3 3.5 3.0 3.0 3.0 3.0 Wholesale loans 26.0 34.9 30.9 25.0 9.4 25.0 21.2 14.5 9.9 9.4 9.4 9.4 9.4 Leases 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Equipment 24.4 15.4 13.3 10.7 6.8 10.7 7.4 6.6 6.2 6.8 6.8 6.5 6.5 Loans 11.6 9.9 9.4 7.1 3.4 7.1 3.8 3.2 2.8 3.4 3.4 3.1 3.1 Leases 12.8 5.5 3.9 3.6 3.4 3.6 3.7 3.4 3.5 3.4 3.4 3.4 3.4 Other business receivables 10 32.2 33.8 32.4 30.3 27.6 30.3 30.1 30.0 25.3 27.6 27.6 26.2 26.2 ---------------------------------------------------------------------------------------------------------------------------------------------- 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. 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.