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Release Date: January 12, 1998
Release dates | Historical data
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G.20 FINANCE COMPANIES 1 For immediate release
November 1997 January 1998
OWNED AND MANAGED RECEIVABLES 2
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1996 1997
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Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
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Seasonally Adjusted
Growth Rates (percent at annual rate)
Total 4.75 5.79 6.63 1.66 10.98 2.64 0.38 10.94 8.85 11.21 6.17 2.23 0.82
Consumer -0.64 4.71 9.71 8.59 7.78 21.46 1.14 9.08 6.01 -2.36 -0.19 6.60 -6.96
Real estate 2.47 34.51 8.75 1.28 28.78 14.29 11.29 20.81 18.01 15.15 -26.65 12.60 2.65
Business 10.30 -2.32 3.19 -4.42 8.04 -18.32 -4.08 9.27 8.29 22.56 23.57 -5.21 7.29
Outstandings (billions of dollars)
Total 758.72 762.38 766.59 767.65 774.68 776.38 776.62 783.71 789.48 796.86 800.96 802.45 803.00
Consumer 305.45 306.65 309.13 311.34 313.36 318.96 319.27 321.68 323.29 322.66 322.61 324.38 322.50
Real estate 108.77 111.90 112.72 112.84 115.54 116.92 118.02 120.07 121.87 123.41 120.67 121.93 122.20
Business 344.50 343.83 344.74 343.47 345.78 340.50 339.34 341.96 344.32 350.80 357.69 356.14 358.30
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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 10.31 8.60 7.17 7.44 8.08 8.56 7.80 7.64 6.71 5.93 6.12 7.27 n.a.
Maturity (months) 52.3 52.3 55.1 54.6 53.5 52.8 53.2 53.3 54.6 55.5 55.4 54.4 n.a.
Loan-to-value ratio 90 90 92 92 90 91 93 93 94 93 93 92 n.a.
Amount financed (dollars) 17,719 17,670 17,090 16,837 17,198 17,620 18,060 18,171 18,281 18,329 18,520 18,779 n.a.
Used car loans
Interest rate 13.56 13.42 12.93 13.08 13.18 13.29 13.48 13.55 13.51 13.38 13.29 13.22 n.a.
Maturity (months) 50.3 49.9 51.5 51.1 51.1 51.2 51.3 51.3 51.4 51.2 50.8 50.6 n.a.
Loan-to-value ratio 102 99 99 99 99 99 99 99 99 99 99 101 n.a.
Amount financed (dollars) 12,393 12,492 12,362 12,202 12,194 12,195 12,261 12,239 12,307 12,204 12,190 12,287 n.a.
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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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Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
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Not Seasonally Adjusted
Outstandings (billions of dollars)
Total 759.8 769.7 767.7 766.2 775.8 777.4 778.5 787.7 783.7 791.4 797.3 800.6 804.2
Consumer 307.1 310.6 310.6 309.9 311.8 316.4 318.3 321.8 322.2 322.4 323.3 324.3 324.2
Motor vehicle loans 87.6 86.7 86.8 87.1 85.8 83.2 85.1 87.0 88.3 88.4 88.5 86.8 86.6
Motor vehicle leases 91.8 92.5 93.6 94.3 95.6 96.7 97.3 98.5 99.3 98.3 96.1 96.1 96.8
Revolving 4 29.9 32.5 32.3 32.2 34.1 35.1 35.2 34.9 33.5 33.5 34.9 34.5 34.4
Other 5 33.6 33.2 34.4 34.0 34.0 34.3 34.7 34.8 34.7 35.2 35.0 35.4 35.4
Securitized Assets 6
Motor vehicle loans 35.3 36.8 35.0 34.2 34.5 38.3 36.8 37.8 38.1 38.3 39.7 42.7 41.9
Motor vehicle leases 8.8 8.7 8.6 8.5 8.4 9.4 9.3 9.2 9.0 8.9 10.0 9.9 9.8
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 20.2 20.1 19.8 19.7 19.6 19.3 19.9 19.7 19.4 19.7 19.0 18.9 19.2
Real estate 108.8 111.9 112.7 112.8 115.5 116.9 118.0 120.1 121.9 123.4 120.7 121.9 122.2
One- to four-family 51.5 52.1 53.2 53.8 53.3 55.0 54.9 54.5 57.0 59.1 56.6 58.5 59.2
Other 31.1 30.5 30.3 30.2 30.1 30.3 30.3 30.3 30.1 30.1 29.8 29.7 29.8
Securitized real estate assets 6
One- to four-family 25.8 28.9 28.9 28.5 31.8 31.3 32.5 35.0 34.4 33.9 34.0 33.5 33.0
Other 0.4 0.4 0.3 0.3 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2
Business 344.0 347.2 344.4 343.4 348.5 344.1 342.2 345.9 339.6 345.6 353.3 354.4 357.8
Motor vehicles 66.6 67.1 68.4 71.0 73.8 71.7 70.4 70.7 63.6 65.2 67.4 61.1 61.6
Retail loans 24.9 25.1 24.9 25.0 25.1 24.6 24.4 25.2 24.4 25.4 26.0 26.4 26.2
Wholesale loans 7 32.9 33.0 34.5 36.9 39.6 37.9 36.6 36.3 29.9 30.4 31.8 25.0 25.8
Leases 8.7 9.0 9.1 9.1 9.1 9.2 9.3 9.3 9.3 9.4 9.6 9.7 9.7
Equipment 192.1 194.8 191.9 190.8 192.1 189.9 188.0 188.8 191.3 194.9 199.0 197.5 197.0
Loans 58.3 59.9 56.1 54.5 55.0 53.8 52.3 52.6 51.7 51.3 51.9 50.1 49.2
Leases 133.8 134.9 135.8 136.3 137.1 136.1 135.6 136.2 139.6 143.6 147.1 147.4 147.8
Other business receivables 8 49.0 47.6 47.7 48.3 49.3 49.6 50.3 52.2 51.8 53.0 54.5 54.7 53.9
Securitized assets 6
Motor vehicles 22.9 24.0 23.3 20.7 20.5 20.3 21.1 21.3 19.9 19.8 19.6 28.4 32.4
Retail loans 2.8 2.7 2.6 2.4 2.2 2.1 2.6 2.5 2.4 2.3 2.2 2.1 2.5
Wholesale loans 20.0 21.3 20.7 18.3 18.2 18.2 18.5 18.7 17.4 17.5 17.4 26.3 29.8
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 11.1 11.3 10.7 10.3 10.3 9.9 9.9 10.4 10.6 10.3 10.1 10.1 10.3
Loans 4.6 4.7 4.5 4.2 4.0 3.8 4.0 3.9 4.2 4.1 4.0 4.2 4.5
Leases 6.4 6.6 6.2 6.0 6.3 6.2 5.9 6.5 6.4 6.2 6.0 5.8 5.8
Other business receivables 8 2.4 2.4 2.4 2.4 2.5 2.6 2.5 2.5 2.5 2.4 2.6 2.7 2.6
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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: January 12, 1998