Federal Reserve Statistical Release, G.20, Finance Companies; title with eagle logo links to Statistical Release home page
Release Date: January 26, 2009
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G.20                                                      FINANCE COMPANIES 1                                             November 2008
                                                         For immediate release                                         January 26, 2009

OWNED AND MANAGED RECEIVABLES OUTSTANDING 2,3
Seasonally adjusted
            2007 2008
  2003 2004 2005 2006 2007 Q3 Q4 Q1 Q2 Q3 Sep Oct Nov p
Percent change at annual rate 4 
      Total   8.5   10.5   6.4   6.0   2.0   6.7   -1.3   3.8   -5.7   -5.8   -9.7   -11.9   -16.6 
        Consumer   14.8   8.4   5.1   5.7   8.0   10.5   4.7   -0.2   -2.2   -5.2   -7.6   -15.4   -12.5 
        Real estate   9.3   25.2   12.8   8.8   -6.9   -0.2   -12.0   2.0   -28.8   -16.3   -9.8   -13.8   -30.3 
        Business   0.9   2.3   2.5   3.6   2.9   8.2   0.1   11.5   10.8   2.1   -12.3   -5.7   -11.2 
 
Amount: billions of dollars 
      Total   1611.4   1781.0   1895.4   2009.0   2048.9   2055.8   2048.9   2068.6   2039.2   2009.5   2009.5   1989.6   1962.1 
        Consumer   680.4   737.9   775.2   819.4   885.0   874.7   885.0   884.7   879.9   868.4   868.4   857.2   848.3 
        Real estate   396.9   496.9   560.4   609.9   567.6   585.0   567.6   570.4   529.4   507.8   507.8   502.0   489.3 
        Business   534.1   546.2   559.7   579.8   596.4   596.1   596.4   613.5   630.0   633.3   633.3   630.3   624.5 
AUTO LOANS: TERMS OF CREDIT 5
Percent except as noted: not seasonally adjusted
 
   New car loans 
      Interest rates   3.81   4.92   6.02   4.99   4.87   4.85   4.55   4.85   5.28   4.87   6.24   6.41   6.43 
      Maturity (months)   61.3   60.7   60.0   63.0   62.0   62.1   62.9   62.6   63.5   65.4   64.3   63.9   63.2 
      Loan-to-value ratio   95   89   88   94   95   95   95   94   93   89   85   86   88 
      Amount financed (dollars)   26,295   24,888   24,133   26,620   28,287   28,349   29,512   28,174   25,493   26,643   25,427   25,391   25,041 
 
   Used car loans 
      Interest rates   9.86   8.81   8.81   9.61   9.24   8.86   9.64   8.95   8.31   8.44   8.46   8.52   9.43 
      Maturity (months)   58.0   57.9   58.6   59.4   60.7   60.8   60.4   60.0   60.4   59.8   59.4   59.3   58.5 
      Loan-to-value ratio   100   99   98   99   100   101   98   96   96   97   98   99   100 
      Amount financed (dollars)   14,613   15,136   16,228   16,671   17,095   17,152   17,239   17,132   16,853   16,474   16,296   16,252   15,970 
 
  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
            2007 2008
  2003 2004 2005 2006 2007 Q3 Q4 Q1 Q2 Q3 Sep Oct Nov p
 
   Total   1624.1   1795.4   1910.9   2025.4   2065.6   2051.4   2065.6   2061.9   2038.6   2005.1   2005.1   1991.1   1970.4 
 
     Consumer   686.1   743.9   781.4   825.4   891.1   880.3   891.1   877.9   874.5   873.9   873.9   864.9   854.8 
       Motor vehicle loans   250.1   298.3   278.0   259.8   261.5   260.8   261.5   254.0   250.2   258.5   258.5   255.1   252.7 
       Motor vehicle leases   79.0   74.1   85.3   106.0   122.9   120.5   122.9   124.9   121.9   118.5   118.5   116.2   113.9 
       Revolving 6   45.3   50.4   66.3   79.9   86.0   78.3   86.0   82.1   84.0   83.3   83.3   82.3   82.1 
       Other 7   97.7   143.7   172.3   194.7   236.5   228.5   236.5   244.7   247.6   254.4   254.4   253.7   252.5 
       Securitized assets 8 
         Motor vehicle loans   123.7   98.2   112.6   112.8   110.7   117.0   110.7   100.2   101.0   90.7   90.7   89.2   85.5 
         Motor vehicle leases   5.5   4.8   4.2   3.6   3.1   3.2   3.1   3.0   2.9   2.8   2.8   2.8   2.7 
         Revolving   33.8   23.1   14.9   15.9   25.6   25.9   25.6   25.4   24.5   24.7   24.7   24.7   24.7 
         Other   51.0   51.3   47.8   52.8   44.7   46.1   44.7   43.6   42.4   41.0   41.0   40.9   40.9 
 
     Real estate   400.6   501.3   565.0   614.8   572.4   581.7   572.4   565.9   528.4   505.0   505.0   501.2   491.7 
       One-to-four family   320.2   422.0   489.8   538.1   472.7   503.2   472.7   458.0   420.5   395.2   395.2   391.6   382.2 
       Other   50.0   54.0   51.6   56.2   59.1   57.2   59.1   67.8   71.1   73.4   73.4   73.3   73.3 
       Securitized assets 8 
         One-to-four family   26.7   21.8   18.9   16.8   34.9   15.2   34.9   34.7   31.4   31.2   31.2   31.1   31.1 
         Other   3.8   3.5   4.8   3.7   5.6   6.2   5.6   5.4   5.4   5.2   5.2   5.2   5.2 
 
     Business   537.4   550.2   564.5   585.2   602.2   589.4   602.2   618.1   635.7   626.2   626.2   625.0   623.8 
       Motor vehicles   69.6   84.8   105.5   105.1   105.7   104.2   105.7   107.8   112.8   97.3   97.3   96.4   96.9 
         Retail loans   15.7   15.1   15.2   17.1   16.4   18.0   16.4   15.3   14.7   14.1   14.1   14.0   13.7 
         Wholesale loans 9   39.3   44.9   61.2   55.7   56.9   53.2   56.9   60.7   64.5   52.4   52.4   51.7   52.5 
         Leases   14.6   24.8   29.0   32.3   32.4   33.0   32.4   31.9   33.6   30.8   30.8   30.7   30.6 
       Equipment   284.3   273.4   281.9   299.5   328.2   310.8   328.2   333.4   347.2   356.5   356.5   354.0   351.9 
         Loans   88.0   87.8   93.6   102.4   111.4   106.4   111.4   115.9   113.5   119.0   119.0   117.7   115.6 
         Leases   196.3   185.6   188.3   197.1   216.9   204.5   216.9   217.4   233.7   237.5   237.5   236.3   236.3 
       Other business receivables 10   87.8   93.3   91.8   93.5   89.0   92.9   89.0   100.8   103.9   103.2   103.2   103.9   103.3 
       Securitized assets 8 
         Motor vehicles   48.4   44.8   28.8   38.0   33.6   40.3   33.6   31.4   23.6   26.1   26.1   28.4   29.8 
           Retail loans   2.2   2.2   2.7   3.0   2.6   2.8   2.6   2.6   2.5   2.4   2.4   2.4   2.4 
           Wholesale loans   44.2   40.6   26.0   34.9   30.9   37.5   30.9   28.7   21.1   23.7   23.7   25.9   27.3 
           Leases   2.1   2.0   0.1   0.1   0.1   0.1   0.1   0.1   0.1   0.0   0.0   0.0   0.0 
         Equipment   22.1   23.6   24.4   15.4   13.3   13.1   13.3   13.0   13.7   11.6   11.6   11.3   11.2 
           Loans   12.5   11.5   11.6   9.9   9.4   9.4   9.4   9.0   9.5   7.6   7.6   7.4   7.2 
           Leases   9.6   12.1   12.8   5.5   3.9   3.7   3.9   4.1   4.2   3.9   3.9   3.9   3.9 
         Other business receivables 10   25.1   30.2   32.2   33.8   32.4   28.1   32.4   31.7   34.5   31.4   31.4   30.9   30.8 

    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.





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