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Release Date: February 19, 1998
Release dates | Historical data
Current release Other formats: Screen reader | ASCII
G.20 FINANCE COMPANIES 1 For immediate release
December 1997 February 1998
OWNED AND MANAGED RECEIVABLES 2
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1996 1997
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Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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Seasonally Adjusted
Growth Rates (percent at annual rate)
Total 5.79 6.63 1.66 10.98 2.64 0.38 10.94 8.85 11.21 3.93 5.53 4.50 7.23
Consumer 4.71 9.71 8.59 7.78 21.46 1.14 9.08 6.01 -2.36 -0.25 6.79 -2.26 12.00
Real estate 34.51 8.75 1.28 28.78 14.29 11.29 20.81 18.01 15.15 -26.65 8.78 1.36 -5.70
Business -2.32 3.19 -4.42 8.04 -18.32 -4.08 9.27 8.29 22.56 18.53 3.29 11.70 7.32
Outstandings (billions of dollars)
Total 762.38 766.59 767.65 774.68 776.38 776.62 783.71 789.48 796.86 799.47 803.15 806.16 811.02
Consumer 306.65 309.13 311.34 313.36 318.96 319.27 321.68 323.29 322.66 322.59 324.41 323.80 327.04
Real estate 111.90 112.72 112.84 115.54 116.92 118.02 120.07 121.87 123.41 120.67 121.55 121.69 121.11
Business 343.83 344.74 343.47 345.78 340.50 339.34 341.96 344.32 350.80 356.21 357.19 360.67 362.87
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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 8.60 7.17 7.44 8.08 8.56 7.80 7.64 6.71 5.93 6.12 7.27 6.85 5.93
Maturity (months) 52.3 55.1 54.6 53.5 52.8 53.2 53.3 54.6 55.5 55.4 54.4 53.7 53.5
Loan-to-value ratio 90 92 92 90 91 93 93 94 93 93 92 91 92
Amount financed (dollars) 17,670 17,090 16,837 17,198 17,620 18,060 18,171 18,281 18,329 18,520 18,779 18,923 19,121
Used car loans
Interest rate 13.42 12.93 13.08 13.18 13.29 13.48 13.55 13.51 13.38 13.29 13.22 13.14 13.16
Maturity (months) 49.9 51.5 51.1 51.1 51.2 51.3 51.3 51.4 51.2 50.8 50.6 50.5 50.5
Loan-to-value ratio 99 99 99 99 99 99 99 99 99 99 101 99 99
Amount financed (dollars) 12,492 12,362 12,202 12,194 12,195 12,261 12,239 12,307 12,204 12,190 12,287 12,389 12,547
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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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Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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Not Seasonally Adjusted
Outstandings (billions of dollars)
Total 769.7 767.7 766.2 775.8 777.4 778.5 787.7 783.7 791.4 795.8 801.3 807.4 818.7
Consumer 310.6 310.6 309.9 311.8 316.4 318.3 321.8 322.2 322.4 323.3 324.3 325.5 331.1
Motor vehicle loans 86.7 86.8 87.1 85.8 83.2 85.1 87.0 88.3 88.4 88.5 86.8 86.0 87.0
Motor vehicle leases 92.5 93.6 94.3 95.6 96.7 97.3 98.5 99.3 98.3 96.1 95.9 96.4 96.8
Revolving 4 32.5 32.3 32.2 34.1 35.1 35.2 34.9 33.5 33.5 34.9 34.8 34.9 38.7
Other 5 33.2 34.4 34.0 34.0 34.3 34.7 34.8 34.7 35.2 35.0 35.3 35.5 34.4
Securitized Assets 6
Motor vehicle loans 36.8 35.0 34.2 34.5 38.3 36.8 37.8 38.1 38.3 39.7 42.6 42.5 44.3
Motor vehicle leases 8.7 8.6 8.5 8.4 9.4 9.3 9.2 9.0 8.9 10.0 9.9 11.0 10.8
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 20.1 19.8 19.7 19.6 19.3 19.9 19.7 19.4 19.7 19.0 18.9 19.2 19.0
Real estate 111.9 112.7 112.8 115.5 116.9 118.0 120.1 121.9 123.4 120.7 121.5 121.7 121.1
One- to four-family 52.1 53.2 53.8 53.3 55.0 54.9 54.5 57.0 59.1 56.6 58.5 59.4 59.0
Other 30.5 30.3 30.2 30.1 30.3 30.3 30.3 30.1 30.1 29.8 29.3 29.0 28.9
Securitized real estate assets 6
One- to four-family 28.9 28.9 28.5 31.8 31.3 32.5 35.0 34.4 33.9 34.0 33.5 33.0 33.0
Other 0.4 0.3 0.3 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2
Business 347.2 344.4 343.4 348.5 344.1 342.2 345.9 339.6 345.6 351.8 355.5 360.2 366.6
Motor vehicles 67.1 68.4 71.0 73.8 71.7 70.4 70.7 63.6 65.2 67.4 61.2 62.0 63.7
Retail loans 25.1 24.9 25.0 25.1 24.6 24.4 25.2 24.4 25.4 26.0 26.5 26.3 25.6
Wholesale loans 7 33.0 34.5 36.9 39.6 37.9 36.6 36.3 29.9 30.4 31.8 25.0 25.8 27.7
Leases 9.0 9.1 9.1 9.1 9.2 9.3 9.3 9.3 9.4 9.6 9.7 9.8 10.3
Equipment 194.8 191.9 190.8 192.1 189.9 188.0 188.8 191.3 194.9 199.0 198.5 198.9 204.0
Loans 59.9 56.1 54.5 55.0 53.8 52.3 52.6 51.7 51.3 51.9 50.3 49.6 51.7
Leases 134.9 135.8 136.3 137.1 136.1 135.6 136.2 139.6 143.6 147.1 148.2 149.4 152.3
Other business receivables 8 47.6 47.7 48.3 49.3 49.6 50.3 52.2 51.8 53.0 53.1 54.7 54.0 51.1
Securitized assets 6
Motor vehicles 24.0 23.3 20.7 20.5 20.3 21.1 21.3 19.9 19.8 19.6 28.4 32.4 33.0
Retail loans 2.7 2.6 2.4 2.2 2.1 2.6 2.5 2.4 2.3 2.2 2.1 2.5 2.4
Wholesale loans 21.3 20.7 18.3 18.2 18.2 18.5 18.7 17.4 17.5 17.4 26.3 29.8 30.5
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 11.3 10.7 10.3 10.3 9.9 9.9 10.4 10.6 10.3 10.1 10.1 10.3 11.0
Loans 4.7 4.5 4.2 4.0 3.8 4.0 3.9 4.2 4.1 4.0 4.2 4.5 4.6
Leases 6.6 6.2 6.0 6.3 6.2 5.9 6.5 6.4 6.2 6.0 5.8 5.8 6.5
Other business receivables 8 2.4 2.4 2.4 2.5 2.6 2.5 2.5 2.5 2.4 2.6 2.7 2.6 3.8
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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: February 19, 1998