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Release Date: November 24, 1998
Release dates | Historical data
Current release Other formats: Screen reader | ASCII
G.20 FINANCE COMPANIES 1 For immediate release
September 1998 November 1998
OWNED AND MANAGED RECEIVABLES 2
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1997 1998
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Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
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Seasonally Adjusted
Growth Rates (percent at annual rate)
Total 5.5 5.5 4.5 6.6 3.0 12.4 -1.9 9.3 11.2 -2.3 13.3 8.3 7.1
Consumer 4.2 8.2 2.1 9.7 -3.6 3.6 3.5 0.7 4.7 8.5 14.9 8.9 9.4
Real estate -26.7 8.8 1.4 -5.7 8.1 17.8 -20.5 3.0 22.5 -31.7 42.2 27.7 7.2
Business 18.0 1.9 7.7 8.0 7.2 18.6 -0.4 19.0 13.1 -2.1 2.6 1.3 5.0
Outstandings (billions of dollars)
Total 798.8 802.4 805.4 809.8 811.8 820.2 819.0 825.3 833.0 831.3 840.6 846.4 851.4
Consumer 322.3 324.5 325.1 327.7 326.7 327.7 328.7 328.9 330.2 332.5 336.6 339.1 341.8
Real estate 120.7 121.5 121.7 121.1 121.9 123.7 121.6 121.9 124.2 120.9 125.2 128.1 128.8
Business 355.8 356.3 358.6 361.0 363.2 368.8 368.7 374.5 378.6 377.9 378.7 379.2 380.7
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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 6.12 7.27 6.85 5.93 6.12 6.98 5.94 6.20 6.07 6.02 6.25 6.00 5.92
Maturity (months) 55.4 54.4 53.7 53.5 52.8 52.6 51.5 50.7 50.8 50.9 51.7 53.0 53.1
Loan-to-value ratio 93 92 91 92 92 92 92 91 93 91 92 93 93
Amount financed (dollars) 18,520 18,779 18,923 19,121 18,944 18,825 18,932 18,922 18,793 18,878 19,084 19,068 19,028
Used car loans
Interest rate 13.29 13.22 13.14 13.16 12.77 12.87 12.79 12.76 12.73 12.63 12.51 12.68 12.65
Maturity (months) 50.8 50.6 50.5 50.5 52.2 52.5 52.6 52.9 52.9 54.0 54.1 54.1 54.2
Loan-to-value ratio 99 101 99 99 98 97 97 98 99 100 100 101 101
Amount financed (dollars) 12,190 12,287 12,389 12,547 12,391 12,356 12,431 12,716 12,607 12,698 12,733 12,407 12,731
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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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1997 1998
_______________________________ _______________________________________________________________________
Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
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Not Seasonally Adjusted
Outstandings (billions of dollars)
Total 795.3 800.8 806.9 818.1 812.2 819.6 819.7 825.3 832.2 836.0 835.2 842.6 847.8
Consumer 323.3 324.2 325.4 330.9 326.2 324.8 325.4 326.7 329.4 335.4 338.5 340.5 342.8
Motor vehicle loans 88.5 86.8 86.0 87.0 87.4 84.7 86.8 90.6 89.6 89.9 91.7 95.3 96.2
Motor vehicle leases 96.1 95.9 96.4 96.8 94.5 94.7 95.2 95.9 95.9 97.0 97.3 96.9 94.9
Revolving 4 34.9 34.7 34.8 38.6 37.6 36.9 36.6 30.4 30.5 29.9 29.6 30.2 29.7
Other 5 35.0 35.3 35.5 34.4 34.5 34.1 33.0 33.4 33.5 34.4 35.0 34.7 34.6
Securitized Assets 6
Motor vehicle loans 39.7 42.6 42.5 44.3 42.8 45.3 45.0 42.8 45.7 49.3 50.2 49.2 51.8
Motor vehicle leases 10.0 9.9 11.0 10.8 10.7 10.6 10.5 10.4 10.8 10.9 10.8 10.7 11.6
Revolving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.3 5.3 5.3 5.3 5.3 5.3
Other 19.0 18.9 19.2 19.0 18.7 18.5 18.2 18.1 18.1 18.6 18.5 18.2 18.8
Real estate 120.7 121.5 121.7 121.1 121.9 123.7 121.6 121.9 124.2 120.9 125.2 128.1 128.8
One- to four-family 56.6 58.5 59.4 59.0 59.8 62.2 61.5 62.4 65.2 62.3 65.9 68.6 68.4
Other 29.8 29.3 29.0 28.9 29.1 29.0 28.1 28.1 28.1 27.5 28.5 28.7 30.1
Securitized real estate assets 6
One- to four-family 34.0 33.5 33.0 33.0 32.8 32.3 31.8 31.2 30.7 30.9 30.6 30.7 30.2
Other 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1
Business 351.4 355.1 359.8 366.1 364.0 371.1 372.7 376.7 378.6 379.7 371.5 374.0 376.2
Motor vehicles 67.4 61.2 62.0 63.5 61.8 64.8 67.8 68.2 69.1 68.4 61.1 62.5 65.5
Retail loans 26.0 26.5 26.3 25.6 26.1 26.4 27.3 28.3 29.3 29.2 29.2 29.6 30.0
Wholesale loans 7 31.8 25.0 25.8 27.7 25.6 28.2 30.2 29.5 29.5 28.2 21.0 22.0 24.2
Leases 9.6 9.7 9.8 10.2 10.1 10.2 10.2 10.4 10.4 11.0 10.9 10.9 11.3
Equipment 199.0 198.5 198.9 203.9 204.2 204.7 206.5 207.8 209.3 212.8 212.8 212.0 210.8
Loans 51.9 50.3 49.6 51.5 50.7 49.9 50.8 51.2 51.3 52.7 51.6 51.8 47.9
Leases 147.1 148.2 149.4 152.3 153.5 154.8 155.7 156.7 158.0 160.2 161.2 160.2 162.9
Other business receivables 8 53.1 54.7 54.0 51.1 52.1 55.6 51.6 54.0 54.3 53.7 54.5 57.0 58.9
Securitized assets 6
Motor vehicles 19.6 28.4 32.4 33.0 31.5 31.2 32.1 31.6 31.0 29.1 26.3 25.9 24.5
Retail loans 2.2 2.1 2.5 2.4 2.3 2.2 2.0 1.9 1.9 2.3 2.2 2.1 2.0
Wholesale loans 17.4 26.3 29.8 30.5 29.2 29.0 30.0 29.6 29.2 26.7 24.1 23.8 22.5
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 9.6 9.7 9.9 10.7 10.4 10.8 10.5 10.3 10.2 10.5 11.5 11.4 11.3
Loans 3.6 3.8 4.1 4.2 3.9 4.3 4.2 4.1 4.0 4.1 5.1 4.9 4.9
Leases 6.0 5.8 5.8 6.5 6.5 6.5 6.3 6.2 6.2 6.4 6.4 6.4 6.4
Other business receivables 8 2.6 2.7 2.6 4.0 4.0 4.0 4.2 4.7 4.7 5.3 5.4 5.2 5.3
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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: November 24, 1998