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


Release Date: September 17, 1997

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G.20                                                     FINANCE COMPANIES 1                                     For immediate release
July 1997 September 1997
 

OWNED AND MANAGED RECEIVABLES 2
  1996 1997
  Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
                                                                                           Seasonally Adjusted          
Growth Rates (percent at annual rate)        
  Total                           6.46    10.11    -0.92     4.68     4.75     5.79     6.63     1.66     9.66     2.70     0.45    10.81     7.82  
    Consumer                     14.86     2.48     0.26    -2.20    -0.64     4.71     9.71     8.59     4.52    21.68     1.32     8.75    10.47  
    Real estate                   3.95    33.44    12.98     3.75     2.47    34.51     8.75     1.28    28.78    14.29    11.29    20.81    17.26  
    Business                     -0.29     9.83    -6.37    11.20    10.30    -2.32     3.19    -4.42     8.04   -18.32    -4.08     9.27     2.01  
                                             
Outstandings (billions of dollars)           
  Total                         747.07   753.37   752.79   755.72   758.72   762.38   766.59   767.65   773.83   775.58   775.87   782.86   787.96  
    Consumer                    305.48   306.11   306.17   305.61   305.45   306.65   309.13   311.34   312.51   318.16   318.51   320.83   323.63  
    Real estate                 104.15   107.05   108.21   108.55   108.77   111.90   112.72   112.84   115.54   116.92   118.02   120.07   121.79  
    Business                    337.45   340.21   338.41   341.57   344.50   343.83   344.74   343.47   345.78   340.50   339.34   341.96   342.53  
 
AUTO LOANS: TERMS OF CREDIT 3  
Percent except as noted; not seasonally adjusted            
  New car loans                
    Interest rate                 9.81    10.49    10.52    10.40    10.31     8.60     7.17     7.44     8.08     8.56     7.80     7.64     6.71  
    Maturity (months)             50.5     51.4     51.9     52.5     52.3     52.3     55.1     54.6     53.5     52.8     53.2     53.3     54.6  
    Loan-to-value ratio             91       92       91       89       90       90       92       92       90       91       93       93       94  
    Amount financed (dollars)   16,926   16,927   17,182   17,435   17,719   17,670   17,090   16,837   17,198   17,620   18,060   18,171   18,281  
 
  Used car loans               
    Interest rate                13.77    13.92    13.87    13.75    13.56    13.42    12.93    13.08    13.18    13.29    13.48    13.55    13.51  
    Maturity (months)             51.7     51.3     51.0     51.1     50.3     49.9     51.5     51.1     51.1     51.2     51.3     51.3     51.4  
    Loan-to-value ratio            100      100      100      101      102       99       99       99       99       99       99       99       99  
    Amount financed (dollars)   12,242   12,132   12,108   12,326   12,393   12,492   12,362   12,202   12,194   12,195   12,261   12,239   12,283  
 

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
  Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                 741.3  747.9  749.4   754.2   759.8   769.7   767.7   766.2   775.0   776.6   777.8   786.9   782.2
              
    Consumer                            304.2  305.7  306.8   305.7   307.1   310.6   310.6   309.9   311.0   315.6   317.5   320.9   322.6
      Motor vehicle loans                88.0   87.2   88.7    88.0    87.6    86.7    86.8    87.1    85.8    83.2    85.1    87.0    88.8
      Motor vehicle leases               88.1   88.9   89.9    91.4    91.8    92.5    93.6    94.3    95.6    96.7    97.3    98.5    99.5
      Revolving 4                        30.0   29.2   29.4    29.6    29.9    32.5    32.3    32.2    33.2    34.3    34.4    34.0    33.1
      Other 5                            37.9   38.3   36.5    33.8    33.6    33.2    34.4    34.0    34.0    34.3    34.7    34.8    34.7
      Securitized Assets 6                                                                          
        Motor vehicle loans              35.8   37.2   36.2    35.8    35.3    36.8    35.0    34.2    34.5    38.3    36.8    37.8    38.0
        Motor vehicle leases              7.5    7.5    7.4     8.1     8.8     8.7     8.6     8.5     8.4     9.4     9.3     9.2     9.0
        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                            17.0   17.5   18.7    19.0    20.2    20.1    19.8    19.7    19.6    19.3    19.9    19.7    19.5
              
    Real estate                         104.2  107.1  108.2   108.5   108.8   111.9   112.7   112.8   115.5   116.9   118.0   120.1   121.8
      One- to four-family                48.7   50.7   50.4    51.6    51.5    52.1    53.2    53.8    53.3    55.0    54.9    54.5    56.8
      Other                              32.4   32.4   31.8    31.4    31.1    30.5    30.3    30.2    30.1    30.3    30.3    30.3    30.3
      Securitized real estate assets 6                                                              
        One- to four-family              23.1   23.5   25.6    25.1    25.8    28.9    28.9    28.5    31.8    31.3    32.5    35.0    34.4
        Other                             0.0    0.4    0.4     0.4     0.4     0.4     0.3     0.3     0.4     0.3     0.3     0.3     0.3
              
    Business                            332.9  335.1  334.4   339.9   344.0   347.2   344.4   343.4   348.5   344.1   342.2   345.9   337.8
      Motor vehicles                     60.0   62.3   64.7    65.3    66.6    67.1    68.4    71.0    73.8    71.7    70.4    70.7    63.6
        Retail loans                     24.9   25.1   25.3    25.5    24.9    25.1    24.9    25.0    25.1    24.6    24.4    25.2    24.4
        Wholesale loans 7                27.1   28.7   30.9    31.2    32.9    33.0    34.5    36.9    39.6    37.9    36.6    36.3    29.9
        Leases                            8.0    8.5    8.5     8.6     8.7     9.0     9.1     9.1     9.1     9.2     9.3     9.3     9.3
      Equipment                         193.9  193.0  190.8   189.7   192.1   194.8   191.9   190.8   192.1   189.9   188.0   188.8   188.3
        Loans                            55.6   53.3   53.9    56.7    58.3    59.9    56.1    54.5    55.0    53.8    52.3    52.6    51.7
        Leases                          138.3  139.7  136.8   133.0   133.8   134.9   135.8   136.3   137.1   136.1   135.6   136.2   136.6
      Other business receivables 8       44.8   46.6   45.9    49.6    49.0    47.6    47.7    48.3    49.3    49.6    50.3    52.2    51.6
      Securitized assets 6                                                                          
        Motor vehicles                   23.2   22.1   22.0    21.9    22.9    24.0    23.3    20.7    20.5    20.3    21.1    21.3    19.9
          Retail loans                    1.8    1.7    1.6     1.5     2.8     2.7     2.6     2.4     2.2     2.1     2.6     2.5     2.4
          Wholesale loans                21.4   20.3   20.3    20.4    20.0    21.3    20.7    18.3    18.2    18.2    18.5    18.7    17.4
          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                         8.6    8.6    8.5    11.0    11.1    11.3    10.7    10.3    10.3     9.9     9.9    10.4    12.0
          Loans                           4.6    4.6    4.5     4.2     4.6     4.7     4.5     4.2     4.0     3.8     4.0     3.9     4.2
          Leases                          4.0    4.1    4.1     6.7     6.4     6.6     6.2     6.0     6.3     6.2     5.9     6.5     7.8
        Other business receivables 8      2.5    2.5    2.5     2.4     2.4     2.4     2.4     2.4     2.5     2.6     2.5     2.5     2.5
 

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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