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Release Date: December 18, 1998
Release dates | Historical data
Current release Other formats: Screen reader | ASCII
G.20 FINANCE COMPANIES 1 For immediate release
October 1998 December 1998
OWNED AND MANAGED RECEIVABLES 2
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1997 1998
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Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
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Seasonally Adjusted
Growth Rates (percent at annual rate)
Total 5.5 4.5 6.6 3.0 12.4 -1.9 9.3 11.2 -2.3 13.3 8.3 10.2 19.3
Consumer 8.2 2.1 9.7 -3.6 3.6 3.5 0.7 4.7 8.5 14.9 8.9 17.0 27.2
Real estate 8.8 1.4 -5.7 8.1 17.8 -20.5 3.0 22.5 -31.7 42.2 27.7 7.2 32.0
Business 1.9 7.7 8.0 7.2 18.6 -0.4 19.0 13.1 -2.1 2.6 1.3 5.0 7.9
Outstandings (billions of dollars)
Total 802.4 805.4 809.8 811.8 820.2 819.0 825.3 833.0 831.3 840.6 846.4 853.5 867.2
Consumer 324.5 325.1 327.7 326.7 327.7 328.7 328.9 330.2 332.5 336.6 339.1 343.9 351.7
Real estate 121.5 121.7 121.1 121.9 123.7 121.6 121.9 124.2 120.9 125.2 128.1 128.8 132.3
Business 356.3 358.6 361.0 363.2 368.8 368.7 374.5 378.6 377.9 378.7 379.2 380.7 383.2
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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 7.27 6.85 5.93 6.12 6.98 5.94 6.20 6.07 6.02 6.25 6.00 5.92 6.33
Maturity (months) 54.4 53.7 53.5 52.8 52.6 51.5 50.7 50.8 50.9 51.7 53.0 53.1 53.1
Loan-to-value ratio 92 91 92 92 92 92 91 93 91 92 93 93 92
Amount financed (dollars) 18,779 18,923 19,121 18,944 18,825 18,932 18,922 18,793 18,878 19,084 19,068 19,028 19,199
Used car loans
Interest rate 13.22 13.14 13.16 12.77 12.87 12.79 12.76 12.73 12.63 12.51 12.68 12.65 12.58
Maturity (months) 50.6 50.5 50.5 52.2 52.5 52.6 52.9 52.9 54.0 54.1 54.1 54.2 54.2
Loan-to-value ratio 101 99 99 98 97 97 98 99 100 100 101 101 100
Amount financed (dollars) 12,287 12,389 12,547 12,391 12,356 12,431 12,716 12,607 12,698 12,733 12,407 12,731 12,914
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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
_______________________ _______________________________________________________________________________
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
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Not Seasonally Adjusted
Outstandings (billions of dollars)
Total 800.8 806.9 818.1 812.2 819.6 819.7 825.3 832.2 836.0 835.2 842.6 850.0 865.6
Consumer 324.2 325.4 330.9 326.2 324.8 325.4 326.7 329.4 335.4 338.5 340.5 344.9 351.3
Motor vehicle loans 86.8 86.0 87.0 87.4 84.7 86.8 90.6 89.6 89.9 91.7 95.3 96.2 97.6
Motor vehicle leases 95.9 96.4 96.8 94.5 94.7 95.2 95.9 95.9 97.0 97.3 96.9 94.9 94.6
Revolving 4 34.7 34.8 38.6 37.6 36.9 36.6 30.4 30.5 29.9 29.6 30.2 29.3 34.6
Other 5 35.3 35.5 34.4 34.5 34.1 33.0 33.4 33.5 34.4 35.0 34.7 34.6 34.6
Securitized Assets 6
Motor vehicle loans 42.6 42.5 44.3 42.8 45.3 45.0 42.8 45.7 49.3 50.2 49.2 51.8 51.6
Motor vehicle leases 9.9 11.0 10.8 10.7 10.6 10.5 10.4 10.8 10.9 10.8 10.7 14.2 14.4
Revolving 0.0 0.0 0.0 0.0 0.0 0.0 5.3 5.3 5.3 5.3 5.3 5.3 5.3
Other 18.9 19.2 19.0 18.7 18.5 18.2 18.1 18.1 18.6 18.5 18.2 18.8 18.6
Real estate 121.5 121.7 121.1 121.9 123.7 121.6 121.9 124.2 120.9 125.2 128.1 128.8 132.3
One- to four-family 58.5 59.4 59.0 59.8 62.2 61.5 62.4 65.2 62.3 65.9 68.6 68.4 72.2
Other 29.3 29.0 28.9 29.1 29.0 28.1 28.1 28.1 27.5 28.5 28.7 30.1 30.2
Securitized real estate assets 6
One- to four-family 33.5 33.0 33.0 32.8 32.3 31.8 31.2 30.7 30.9 30.6 30.7 30.2 29.8
Other 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1
Business 355.1 359.8 366.1 364.0 371.1 372.7 376.7 378.6 379.7 371.5 374.0 376.2 382.0
Motor vehicles 61.2 62.0 63.5 61.8 64.8 67.8 68.2 69.1 68.4 61.1 62.5 65.5 68.5
Retail loans 26.5 26.3 25.6 26.1 26.4 27.3 28.3 29.3 29.2 29.2 29.6 30.0 30.4
Wholesale loans 7 25.0 25.8 27.7 25.6 28.2 30.2 29.5 29.5 28.2 21.0 22.0 24.2 27.0
Leases 9.7 9.8 10.2 10.1 10.2 10.2 10.4 10.4 11.0 10.9 10.9 11.3 11.1
Equipment 198.5 198.9 203.9 204.2 204.7 206.5 207.8 209.3 212.8 212.8 212.0 210.8 211.5
Loans 50.3 49.6 51.5 50.7 49.9 50.8 51.2 51.3 52.7 51.6 51.8 47.9 47.2
Leases 148.2 149.4 152.3 153.5 154.8 155.7 156.7 158.0 160.2 161.2 160.2 162.9 164.3
Other business receivables 8 54.7 54.0 51.1 52.1 55.6 51.6 54.0 54.3 53.7 54.5 57.0 58.9 59.6
Securitized assets 6
Motor vehicles 28.4 32.4 33.0 31.5 31.2 32.1 31.6 31.0 29.1 26.3 25.9 24.5 25.0
Retail loans 2.1 2.5 2.4 2.3 2.2 2.0 1.9 1.9 2.3 2.2 2.1 2.0 1.9
Wholesale loans 26.3 29.8 30.5 29.2 29.0 30.0 29.6 29.2 26.7 24.1 23.8 22.5 23.2
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 9.7 9.9 10.7 10.4 10.8 10.5 10.3 10.2 10.5 11.5 11.4 11.3 12.0
Loans 3.8 4.1 4.2 3.9 4.3 4.2 4.1 4.0 4.1 5.1 4.9 4.9 5.6
Leases 5.8 5.8 6.5 6.5 6.5 6.3 6.2 6.2 6.4 6.4 6.4 6.4 6.4
Other business receivables 8 2.7 2.6 4.0 4.0 4.0 4.2 4.7 4.7 5.3 5.4 5.2 5.3 5.2
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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: December 18, 1998