Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: February 27, 2004
Release dates | Historical data
Current release  Other formats: Screen Reader | ASCII | PDF (17 KB)

G.20                                                      FINANCE COMPANIES 1                                     For immediate release
December 2003 February 2004
 

OWNED AND MANAGED RECEIVABLES 2
            2002 2003
  1999 2000 2001 2002 r 2003 p Q4 r Q1 r Q2 Q3 Q4 p Oct r Nov r Dec p
Seasonally Adjusted                     
Growth Rates (percent at an annual rate)
     Total                        13.6     15.8      4.6      2.3      3.7      2.7      1.7      0.6      9.0      3.3     14.6      0.2     -3.7  
       Consumer 3                 10.7     15.2      9.2      0.8      2.4     -5.0      2.0     -4.0     14.9     -3.3     10.7    -14.6     -6.0  
       Real estate 4              15.8     14.3      4.4      4.7     11.4     18.3     -5.9     17.6     18.6     13.8     25.3      8.1     12.5  
       Business                   15.5     17.0      0.6      2.9      1.9      4.3      4.4     -1.7     -0.6      5.4     13.4     11.2     -8.4  
              
Outstandings (billions of dollars)      
     Total                      1030.4   1193.3   1248.7   1277.5   1324.6   1277.5   1282.9   1284.8   1313.7   1324.6   1328.5   1328.7   1324.6  
       Consumer 3                409.7    472.0    515.2    519.1    531.3    519.1    521.7    516.5    535.7    531.3    540.5    533.9    531.3  
       Real estate 4             174.0    198.9    207.7    217.4    242.1    217.4    214.2    223.6    234.0    242.1    238.0    239.6    242.1  
       Business                  446.6    522.5    525.8    541.0    551.2    541.0    547.1    544.7    543.9    551.2    550.0    555.2    551.2  
              
AUTO LOANS: TERMS OF CREDIT 5           
Percent except as noted; not seasonally adjusted 
  New car loans                         
     Interest rates               6.66     6.61     5.65     4.29     3.40     3.18     3.65     2.61     3.55     3.80     3.92     3.93     3.56  
     Maturity (months)            52.7     54.9     55.1     56.8     61.4     57.4     59.1     61.1     63.0     62.5     63.5     62.9     61.3  
     Loan-to-value ratio            92       92       91       94       95       96       96       97       94       94       94       94       94  
     Amount financed (dollars)  19,880   20,923   22,822   24,747   26,295   26,283   25,486   27,468   25,733   26,493   26,067   26,306   27,105  
              
  Used car loans                        
     Interest rates              12.60    13.55    12.18    10.74     9.72    10.59    10.32     9.85     9.57     9.14     9.17     9.08     9.18  
     Maturity (months)            55.9     57.0     57.5     57.5     57.5     57.0     57.7     57.7     57.8     57.0     57.5     57.1     56.2  
     Loan-to-value ratio            99       99      100      100      100      100       99       99      100      100      101      100      100  
     Amount financed (dollars)  13,643   14,058   14,416   14,532   14,613   14,650   14,328   14,537   14,654   14,935   14,904   14,951   14,949  
  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. The level of consumer credit outstanding in 2000:Q4 includes previously unreported assets, and thus represents a break in
this series. The 2000:Q4 growth rate is adjusted to exclude these previously unreported assets.
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.
 

 

 

 

 

            2002 2003
  1999 2000 2001 2002 2003 Q4 r Q1 r Q2 Q3 Q4 p Oct r Nov r Dec p
                                                                                             Not Seasonally Adjusted 
Outstandings (billions of dollars)                                                                                   
  Total                                1036.4   1199.8  1255.3  1284.3  1331.6 1284.3  1284.9  1292.7  1309.3  1331.6  1325.5  1328.7  1331.6 
              
    Consumer 3                          412.8   475.9   519.7    523.9   536.3   523.9   518.0   516.2   536.3   536.3   540.8   538.8   536.3
      Motor vehicle loans               129.2   141.6   173.9    160.2   196.7   160.2   155.9   166.6   196.7   196.7   198.4   198.0   196.7
      Motor vehicle leases              102.9   108.2   103.5     83.3    70.0    83.3    81.8    76.7    75.4    70.0    73.2    71.6    70.0
      Revolving 6                        32.5    37.6    31.5     38.9    39.2    38.9    36.3    34.6    37.3    39.2    37.7    38.4    39.2
      Other 7                            39.9    41.3    32.7     38.7    50.4    38.7    40.9    43.1    50.1    50.4    50.2    50.2    50.4
      Securitized Assets 8                                                                          
        Motor vehicle loans              73.1    97.1   131.9    151.9   132.8   151.9   152.1   146.5   129.6   132.8   134.5   133.2   132.8
        Motor vehicle leases              9.7     6.6     6.8      5.7     5.5     5.7     6.2     6.0     5.7     5.5     5.7     5.6     5.5
        Revolving                         6.7    27.5    25.0     31.1    29.5    31.1    30.7    29.5    28.9    29.5    28.7    29.4    29.5
        Other                            18.8    16.0    14.3     14.0    12.2    14.0    13.9    13.3    12.7    12.2    12.4    12.4    12.2
              
    Real estate                         174.0   198.9   207.7    217.4   242.1   217.4   214.2   223.6   234.0   242.1   238.0   239.6   242.1
      One- to four-family               108.2   130.6   120.1    135.0   154.7   135.0   133.9   142.5   151.8   154.7   152.9   153.9   154.7
      Other                              37.6    41.7    41.2     39.5    46.7    39.5    40.1    40.9    42.8    46.7    46.0    46.7    46.7
      Securitized real estate assets 8                                                              
        One- to four-family              28.0    24.7    40.7     39.7    36.9    39.7    39.2    38.4    37.6    36.9    37.4    37.2    36.9
        Other                             0.2     1.9     5.7      3.2     3.8     3.2     1.1     1.8     1.8     3.8     1.8     1.8     3.8
              
    Business                            449.6   525.0   527.9    543.0   553.1   543.0   552.8   552.9   539.0   553.1   546.7   550.2   553.1
      Motor vehicles                     69.4    75.5    54.0     60.7    74.9    60.7    65.3    69.9    62.2    74.9    62.1    69.1    74.9
        Retail loans                     21.1    18.3    16.1     15.4    18.2    15.4    16.3    17.2    18.1    18.2    16.1    17.6    18.2
        Wholesale loans 9                34.8    39.7    20.3     29.3    40.3    29.3    34.0    38.4    30.5    40.3    32.8    38.4    40.3
        Leases                           13.6    17.6    17.6     16.0    16.3    16.0    15.0    14.2    13.6    16.3    13.2    13.2    16.3
      Equipment                         238.7   283.5   289.4    292.1   277.6   292.1   287.5   283.4   278.2   277.6   279.3   276.7   277.6
        Loans                            64.5    70.2    77.8     83.3    74.6    83.3    78.0    77.5    73.1    74.6    73.7    73.3    74.6
        Leases                          174.2   213.3   211.6    208.8   203.1   208.8   209.5   205.9   205.1   203.1   205.6   203.4   203.1
      Other business receivables 10      87.0    99.4   103.5    102.5   105.0   102.5   101.1   102.6   105.1   105.0   112.2   111.0   105.0
      Securitized Assets 8                                                                          
        Motor vehicles                   31.5    37.8    50.1     50.2    48.5    50.2    53.1    50.0    47.2    48.5    47.2    47.2    48.5
          Retail loans                    2.9     3.2     5.1      2.4     2.2     2.4     2.2     2.2     2.2     2.2     2.2     2.2     2.2
          Wholesale loans                26.4    32.5    42.5     45.9    44.2    45.9    48.6    45.6    42.8    44.2    42.8    42.8    44.2
          Leases                          2.1     2.2     2.5      1.9     2.1     1.9     2.2     2.1     2.1     2.1     2.1     2.1     2.1
        Equipment                        14.6    23.1    23.2     20.2    22.1    20.2    21.9    23.5    22.3    22.1    22.5    22.5    22.1
          Loans                           7.9    15.5    16.4     13.0    12.5    13.0    12.2    12.9    13.2    12.5    13.1    13.0    12.5
          Leases                          6.7     7.6     6.8      7.2     9.6     7.2     9.7    10.6     9.1     9.6     9.5     9.4     9.6
        Other business receivables 10     8.4     5.6     7.7     17.4    25.1    17.4    23.9    23.6    23.9    25.1    23.4    23.8    25.1
 

6. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
7. Includes 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.

Release dates | Historical data
Current release  Other formats: Screen Reader | ASCII | PDF (17 KB)

Statistical releases