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Release Date: September 17, 1997
Release dates | Historical data
Current release Other formats: Screen reader | ASCII
G.20 FINANCE COMPANIES 1 For immediate release
July 1997 September 1997
OWNED AND MANAGED RECEIVABLES 2
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1996 1997
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Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
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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
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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 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
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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
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Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
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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
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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.
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Last update: September 17, 1997