G.20 FINANCE COMPANIES 1 For immediate release August 2005 October 2005 OWNED AND MANAGED RECEIVABLES OUTSTANDING 2 Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- 2004 2005 _______________________ _______________________________________ 2000 2001 2002 2003 2004 r Q2 Q3 Q4 r Q1 r Q2 r Jun r Jul r Aug p --------------------------------------------------------------------------------------------------------------------------------------- Percent change at annual rate 3 Total 15.8 4.6 1.8 4.1 6.2 1.1 6.7 8.3 3.9 2.0 -1.2 -1.0 5.1 Consumer 15.3 9.2 0.8 4.5 4.7 3.8 8.7 1.7 6.3 2.6 4.6 -9.9 -4.0 Real estate 14.3 4.1 1.7 8.9 16.9 6.6 9.9 30.9 15.6 3.1 13.0 7.5 16.2 Business 16.8 0.5 2.9 1.9 3.2 -3.9 3.2 4.9 -4.0 0.7 -13.9 3.9 8.8 Amount: billions of dollars Total 1194.0 1248.5 1271.6 1323.8 1405.7 1354.5 1377.1 1405.7 1419.4 1426.3 1426.3 1425.1 1431.2 Consumer 472.1 515.5 519.8 543.3 568.9 554.3 566.4 568.9 577.8 581.6 581.6 576.8 574.8 Real estate 198.7 206.9 210.5 229.2 267.9 242.7 248.7 267.9 278.3 280.5 280.5 282.2 286.0 Business 523.2 526.0 541.3 551.4 568.9 557.5 562.0 568.9 563.3 564.3 564.3 566.1 570.3 --------------------------------------------------------------------------------------------------------------------------------------- AUTO LOANS: TERMS OF CREDIT 4 Percent except as noted: not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 6.61 5.65 4.29 3.40 4.36 3.65 5.54 5.01 4.86 5.18 5.55 5.71 5.80 Maturity (months) 54.9 55.1 56.8 61.4 60.5 60.2 60.9 61.3 59.3 59.5 59.9 60.4 60.1 Loan-to-value ratio 92 91 94 95 89 92 85 84 86 88 88 89 88 Amount financed (dollars) 20,923 22,822 24,747 26,295 24,888 25,525 23,179 24,376 24,116 23,477 23,717 25,086 25,059 Used car loans Interest rates 13.55 12.18 10.74 9.72 8.96 8.84 8.93 8.87 9.23 9.23 8.93 8.55 8.72 Maturity (months) 57.0 57.5 57.5 57.5 56.8 56.9 57.1 56.9 57.8 57.6 57.5 57.5 57.6 Loan-to-value ratio 99 100 100 100 100 101 100 98 98 98 98 97 97 Amount financed (dollars) 14,058 14,416 14,532 14,613 15,136 14,957 15,350 15,714 15,507 16,026 16,316 16,509 16,383 --------------------------------------------------------------------------------------------------------------------------------------- 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 series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect of such breaks. 4. 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 --------------------------------------------------------------------------------------------------------------------------------------------- 2004 2005 _______________________ _______________________________________ 2000 2001 2002 2003 2004 r Q2 Q3 Q4 r Q1 r Q2 r Jun r Jul r Aug p --------------------------------------------------------------------------------------------------------------------------------------------- Total 1199.8 1254.7 1277.5 1330.2 1412.3 1357.8 1373.9 1412.3 1414.9 1429.3 1429.3 1420.3 1426.2 Consumer 475.9 519.7 523.9 547.7 573.5 551.7 568.1 573.5 573.5 578.7 578.7 575.1 574.7 Motor vehicle loans 141.6 173.9 160.2 197.0 230.2 206.3 224.0 230.2 219.5 208.2 208.2 203.3 202.8 Motor vehicle leases 108.2 103.5 83.3 70.0 62.5 65.0 62.9 62.5 63.7 67.3 67.3 68.1 68.6 Revolving 5 37.6 31.5 38.9 37.6 40.0 39.9 45.5 40.0 41.0 43.8 43.8 44.3 45.7 Other 6 41.3 32.7 38.7 60.9 96.9 78.5 83.2 96.9 100.6 103.7 103.7 103.8 104.2 Securitized assets 7 Motor vehicle loans 97.1 131.9 151.9 132.8 109.9 120.4 113.5 109.9 117.0 125.9 125.9 126.7 125.6 Motor vehicle leases 6.6 6.8 5.7 5.5 4.8 5.1 5.0 4.8 4.6 4.5 4.5 4.4 4.4 Revolving 27.5 25.0 31.1 31.6 19.3 25.8 24.0 19.3 18.0 16.9 16.9 16.1 15.4 Other 16.0 14.3 14.0 12.2 9.8 10.7 10.1 9.8 9.1 8.5 8.5 8.3 8.1 Real estate 198.9 207.1 210.6 229.4 268.3 240.7 250.0 268.3 271.5 278.3 278.3 284.1 289.7 One-to-four family 130.6 120.1 135.0 152.2 190.2 167.9 176.2 190.2 194.7 200.1 200.1 206.5 212.5 Other 41.7 41.2 39.5 46.7 52.7 46.0 48.3 52.7 52.3 52.0 52.0 51.6 51.5 Securitized assets 7 One-to-four family 24.7 40.1 33.0 26.7 21.8 24.0 22.9 21.8 21.1 20.3 20.3 20.1 19.8 Other 1.9 5.7 3.2 3.8 3.5 2.8 2.7 3.5 3.5 5.9 5.9 5.9 5.9 Business 525.0 527.9 543.0 553.1 570.5 565.4 555.8 570.5 569.8 572.3 572.3 561.2 561.8 Motor vehicles 75.5 54.0 60.7 74.9 91.6 95.4 84.1 91.6 91.9 99.1 99.1 89.0 88.1 Retail loans 18.3 16.1 15.4 18.2 18.4 18.0 19.7 18.4 21.5 21.9 21.9 22.0 21.8 Wholesale loans 8 39.7 20.3 29.3 40.3 46.2 52.8 38.1 46.2 42.8 48.1 48.1 37.7 37.1 Leases 17.6 17.6 16.0 16.3 27.0 24.6 26.2 27.0 27.5 29.2 29.2 29.3 29.2 Equipment 283.5 289.4 292.1 277.6 264.9 265.0 260.9 264.9 260.8 264.5 264.5 266.5 269.2 Loans 70.2 77.8 83.3 74.6 70.6 68.5 68.6 70.6 69.6 70.0 70.0 71.9 72.7 Leases 213.3 211.6 208.8 203.1 194.3 196.4 192.3 194.3 191.2 194.5 194.5 194.6 196.5 Other business receivables 9 99.4 103.5 102.5 105.0 115.4 110.9 111.4 115.4 116.5 114.6 114.6 115.8 117.3 Securitized assets 7 Motor vehicles 37.8 50.1 50.2 48.4 44.8 45.6 48.4 44.8 48.8 43.2 43.2 39.5 36.9 Retail loans 3.2 5.1 2.4 2.2 2.2 2.2 2.2 2.2 2.2 2.8 2.8 2.8 2.8 Wholesale loans 32.5 42.5 45.9 44.2 40.6 41.3 44.2 40.6 44.6 40.2 40.2 36.6 34.0 Leases 2.2 2.5 1.9 2.1 2.0 2.1 2.1 2.0 2.0 0.1 0.1 0.1 0.1 Equipment 23.1 23.2 20.2 22.1 23.6 22.7 24.2 23.6 21.6 23.4 23.4 23.0 22.9 Loans 15.5 16.4 13.0 12.5 11.5 12.2 11.7 11.5 9.9 11.7 11.7 11.4 11.3 Leases 7.6 6.8 7.2 9.6 12.1 10.5 12.5 12.1 11.7 11.6 11.6 11.6 11.6 Other business receivables 9 5.6 7.7 17.4 25.1 30.2 25.9 26.8 30.2 30.2 27.5 27.5 27.5 27.4 --------------------------------------------------------------------------------------------------------------------------------------------- 5. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. 6. 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. 7. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. 8. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing. 9. 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.