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

OWNED AND MANAGED RECEIVABLES 2
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                                        1996                                                1997
                               _______________________ _______________________________________________________________________________

                                 Oct     Nov     Dec     Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct
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                                                                                           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
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AUTO LOANS: TERMS OF CREDIT 3
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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
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  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
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                                               1996                                                1997
                                      _______________________ _______________________________________________________________________________

                                        Oct     Nov     Dec     Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct
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                                                                                             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
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  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.