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Release Date: February 26, 1999
Release dates | Historical data
Current release Other formats: Screen reader | ASCII
G.20 FINANCE COMPANIES 1 For immediate release
December 1998 February 1999
OWNED AND MANAGED RECEIVABLES 2
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1997 1998
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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 6.6 3.0 12.4 -1.9 9.3 11.2 -2.3 13.3 8.3 10.2 19.2 7.6 17.1
Consumer 9.7 -3.6 3.6 3.5 0.7 4.7 8.5 14.9 8.9 17.0 27.1 7.1 8.3
Real estate -5.7 8.1 17.8 -20.5 3.0 22.5 -31.7 42.2 27.7 7.2 32.0 18.2 9.2
Business 8.0 7.2 18.6 -0.4 19.0 13.1 -2.1 2.6 1.3 5.0 7.9 4.5 27.9
Outstandings (billions of dollars)
Total 809.8 811.8 820.2 819.0 825.3 833.0 831.3 840.6 846.4 853.5 867.2 872.7 885.1
Consumer 327.7 326.7 327.7 328.7 328.9 330.2 332.5 336.6 339.1 343.9 351.7 353.8 356.2
Real estate 121.1 121.9 123.7 121.6 121.9 124.2 120.9 125.2 128.1 128.8 132.3 134.3 135.3
Business 361.0 363.2 368.8 368.7 374.5 378.6 377.9 378.7 379.2 380.7 383.2 384.7 393.6
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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 5.93 6.12 6.98 6.47 6.20 6.07 6.02 6.23 6.00 5.92 6.33 6.79 6.43
Maturity (months) 53.5 52.8 52.6 51.5 50.7 50.8 50.9 51.7 53.0 53.1 53.1 52.8 52.2
Loan-to-value ratio 92 92 92 92 91 93 91 92 93 93 92 91 91
Amount financed (dollars) 19,121 18,944 18,825 18,932 18,922 18,793 18,878 19,084 19,068 19,028 19,199 19,590 19,734
Used car loans
Interest rate 13.16 12.77 12.87 12.79 12.76 12.73 12.63 12.51 12.68 12.65 12.58 12.41 12.31
Maturity (months) 50.5 52.2 52.5 52.6 52.9 52.9 54.0 54.1 54.1 54.2 54.2 54.3 54.2
Loan-to-value ratio 99 98 97 97 98 99 100 100 101 101 100 100 100
Amount financed (dollars) 12,547 12,391 12,356 12,431 12,716 12,607 12,698 12,733 12,407 12,731 12,914 13,112 13,201
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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
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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 818.1 812.2 819.6 819.7 825.3 832.2 836.0 835.2 842.6 850.0 865.5 874.4 894.3
Consumer 330.9 326.2 324.8 325.4 326.7 329.4 335.4 338.5 340.5 344.9 351.2 353.9 359.8
Motor vehicle loans 87.0 87.4 84.7 86.8 90.6 89.6 89.9 91.7 95.3 96.2 97.6 99.0 103.1
Motor vehicle leases 96.8 94.5 94.7 95.2 95.9 95.9 97.0 97.3 96.9 94.9 94.6 94.4 93.0
Revolving 4 38.6 37.6 36.9 36.6 30.4 30.5 29.9 29.6 30.2 29.3 34.6 34.7 36.0
Other 5 34.4 34.5 34.1 33.0 33.4 33.5 34.4 35.0 34.7 34.6 34.6 34.6 33.2
Securitized Assets 6
Motor vehicle loans 44.3 42.8 45.3 45.0 42.8 45.7 49.3 50.2 49.2 51.8 51.6 53.4 54.8
Motor vehicle leases 10.8 10.7 10.6 10.5 10.4 10.8 10.9 10.8 10.7 14.2 14.4 14.2 14.7
Revolving 0.0 0.0 0.0 0.0 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 6.7
Other 19.0 18.7 18.5 18.2 18.1 18.1 18.6 18.5 18.2 18.8 18.6 18.4 18.1
Real estate 121.1 121.9 123.7 121.6 121.9 124.2 120.9 125.2 128.1 128.8 132.3 134.3 135.3
One- to four-family 59.0 59.8 62.2 61.5 62.4 65.2 62.3 65.9 68.6 68.4 72.2 74.1 75.1
Other 28.9 29.1 29.0 28.1 28.1 28.1 27.5 28.5 28.7 30.1 30.2 30.7 31.1
Securitized real estate assets 6
One- to four-family 33.0 32.8 32.3 31.8 31.2 30.7 30.9 30.6 30.7 30.2 29.8 29.4 29.0
Other 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Business 366.1 364.0 371.1 372.7 376.7 378.6 379.7 371.5 374.0 376.2 382.0 386.3 399.2
Motor vehicles 63.5 61.8 64.8 67.8 68.2 69.1 68.4 61.1 62.5 65.5 68.5 70.9 74.9
Retail loans 25.6 26.1 26.4 27.3 28.3 29.3 29.2 29.2 29.6 30.0 30.4 29.4 29.3
Wholesale loans 7 27.7 25.6 28.2 30.2 29.5 29.5 28.2 21.0 22.0 24.2 27.0 30.3 33.5
Leases 10.2 10.1 10.2 10.2 10.4 10.4 11.0 10.9 10.9 11.3 11.1 11.2 12.1
Equipment 203.9 204.2 204.7 206.5 207.8 209.3 212.8 212.8 212.0 210.8 211.5 212.0 221.4
Loans 51.5 50.7 49.9 50.8 51.2 51.3 52.7 51.6 51.8 47.9 47.2 47.8 51.9
Leases 152.3 153.5 154.8 155.7 156.7 158.0 160.2 161.2 160.2 162.9 164.3 164.2 169.5
Other business receivables 8 51.1 52.1 55.6 51.6 54.0 54.3 53.7 54.5 57.0 58.9 59.6 60.4 59.2
Securitized assets 6
Motor vehicles 33.0 31.5 31.2 32.1 31.6 31.0 29.1 26.3 25.9 24.5 25.0 25.8 27.0
Retail loans 2.4 2.3 2.2 2.0 1.9 1.9 2.3 2.2 2.1 2.0 1.9 2.4 2.3
Wholesale loans 30.5 29.2 29.0 30.0 29.6 29.2 26.7 24.1 23.8 22.5 23.2 23.4 24.7
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 10.7 10.4 10.8 10.5 10.3 10.2 10.5 11.5 11.4 11.3 12.0 11.8 11.5
Loans 4.2 3.9 4.3 4.2 4.1 4.0 4.1 5.1 4.9 4.9 5.6 5.4 5.2
Leases 6.5 6.5 6.5 6.3 6.2 6.2 6.4 6.4 6.4 6.4 6.4 6.4 6.3
Other business receivables 8 4.0 4.0 4.0 4.2 4.7 4.7 5.3 5.4 5.2 5.3 5.2 5.3 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: February 26, 1999