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Release Date: June 28, 1999
Release dates | Historical data
Current release Other formats: Screen reader | ASCII
G.20 FINANCE COMPANIES 1 For immediate release
April 1999 June 1999
OWNED AND MANAGED RECEIVABLES 2
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1998 1999
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Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
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Seasonally Adjusted
Growth Rates (percent at annual rate)
Total 9.3 11.2 -2.3 13.0 7.8 9.7 18.8 7.2 14.3 12.4 13.8 17.2 9.5
Consumer 0.7 4.7 8.5 14.1 7.7 15.8 25.9 5.9 1.3 -0.6 14.0 9.0 -0.3
Real estate 3.0 22.5 -31.7 42.2 27.7 7.2 32.0 18.2 9.2 39.2 0.1 15.4 32.4
Business 19.0 13.1 -2.1 2.6 1.3 5.0 7.9 4.5 27.9 15.2 18.3 25.2 10.6
Outstandings (billions of dollars)
Total 825.3 833.0 831.3 840.3 845.8 852.6 865.9 871.1 874.9 888.2 898.4 911.3 918.5
Consumer 328.9 330.2 332.5 336.4 338.5 343.0 350.4 352.1 352.5 356.5 360.7 363.4 363.3
Real estate 121.9 124.2 120.9 125.2 128.1 128.8 132.3 134.3 131.4 135.7 135.7 137.5 141.2
Business 374.5 378.6 377.9 378.7 379.2 380.7 383.2 384.7 391.0 396.0 402.0 410.4 414.1
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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 6.20 6.07 6.02 6.23 6.00 5.92 6.33 6.79 6.43 6.22 6.43 6.31 6.52
Maturity (months) 50.7 50.8 50.9 51.7 53.0 53.1 53.1 52.8 52.2 52.1 53.4 53.0 52.8
Loan-to-value ratio 91 93 91 92 93 93 92 91 91 92 92 91 92
Amount financed (dollars) 18,922 18,793 18,878 19,084 19,068 19,028 19,199 19,590 19,734 19,628 19,304 19,339 19,435
Used car loans
Interest rate 12.76 12.73 12.63 12.51 12.68 12.65 12.58 12.41 12.31 11.81 12.08 12.09 12.17
Maturity (months) 52.9 52.9 54.0 54.1 54.1 54.2 54.2 54.3 54.2 56.0 55.9 56.0 56.0
Loan-to-value ratio 98 99 100 100 101 101 100 100 100 99 99 99 99
Amount financed (dollars) 12,716 12,607 12,698 12,733 12,407 12,731 12,914 13,112 13,201 13,497 13,604 13,653 13,647
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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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1998 1999
_______________________________________________________________________ _______________________________
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
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Not Seasonally Adjusted
Outstandings (billions of dollars)
Total 825.3 832.2 836.0 834.9 842.0 849.0 864.2 872.8 884.0 888.4 897.8 911.9 918.5
Consumer 326.7 329.4 335.4 338.2 339.9 344.0 350.0 352.2 356.1 355.8 357.4 359.7 361.0
Motor vehicle loans 90.6 89.6 89.9 91.7 95.3 96.2 97.6 99.0 103.1 102.8 105.0 104.7 106.8
Motor vehicle leases 95.9 95.9 97.0 97.3 96.9 94.9 94.6 94.4 93.3 93.9 94.5 93.9 94.8
Revolving 4 30.4 30.5 29.9 29.4 29.6 28.4 33.3 33.1 32.3 32.1 31.5 31.2 31.5
Other 5 33.4 33.5 34.4 35.0 34.7 34.6 34.6 34.6 33.1 32.1 32.5 32.0 32.0
Securitized Assets 6
Motor vehicle loans 42.8 45.7 49.3 50.2 49.2 51.8 51.6 53.4 54.8 56.0 54.9 59.0 57.8
Motor vehicle leases 10.4 10.8 10.9 10.8 10.7 14.2 14.4 14.2 12.7 12.5 12.3 12.0 11.8
Revolving 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 8.7 8.6 8.7 9.1 8.8
Other 18.1 18.1 18.6 18.5 18.2 18.8 18.6 18.4 18.1 17.9 18.1 17.8 17.6
Real estate 121.9 124.2 120.9 125.2 128.1 128.8 132.3 134.3 131.4 135.7 135.7 137.5 141.2
One- to four-family 62.4 65.2 62.3 65.9 68.6 68.4 72.2 74.1 75.7 80.1 80.3 77.7 81.7
Other 28.1 28.1 27.5 28.5 28.7 30.1 30.2 30.7 26.6 26.9 27.1 31.6 31.6
Securitized real estate assets 6
One- to four-family 31.2 30.7 30.9 30.6 30.7 30.2 29.8 29.4 29.0 28.6 28.3 28.0 27.6
Other 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3
Business 376.7 378.6 379.7 371.5 374.0 376.2 382.0 386.3 396.5 396.9 404.6 414.8 416.3
Motor vehicles 68.2 69.1 68.4 61.1 62.5 65.5 68.5 70.9 79.6 79.1 82.1 84.8 86.2
Retail loans 28.3 29.3 29.2 29.2 29.6 30.0 30.4 29.4 28.1 28.4 28.9 30.0 30.7
Wholesale loans 7 29.5 29.5 28.2 21.0 22.0 24.2 27.0 30.3 32.8 31.9 34.3 36.0 36.5
Leases 10.4 10.4 11.0 10.9 10.9 11.3 11.1 11.2 18.7 18.9 18.9 18.8 18.9
Equipment 207.8 209.3 212.8 212.8 212.0 210.8 211.5 212.0 198.0 197.6 200.7 202.3 203.1
Loans 51.2 51.3 52.7 51.6 51.8 47.9 47.2 47.8 50.4 49.7 51.0 51.6 52.0
Leases 156.7 158.0 160.2 161.2 160.2 162.9 164.3 164.2 147.6 147.8 149.8 150.7 151.0
Other business receivables 8 54.0 54.3 53.7 54.5 57.0 58.9 59.6 60.4 69.9 72.5 73.3 75.7 75.8
Securitized assets 6
Motor vehicles 31.6 31.0 29.1 26.3 25.9 24.5 25.0 25.8 29.2 28.2 28.8 31.0 30.5
Retail loans 1.9 1.9 2.3 2.2 2.1 2.0 1.9 2.4 2.6 2.5 2.4 2.4 2.4
Wholesale loans 29.6 29.2 26.7 24.1 23.8 22.5 23.2 23.4 24.7 23.8 24.6 26.6 26.2
Leases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 1.9 1.9 1.9 1.9
Equipment 10.3 10.2 10.5 11.5 11.4 11.3 12.0 11.8 13.0 12.7 12.9 12.8 12.5
Loans 4.1 4.0 4.1 5.1 4.9 4.9 5.6 5.4 6.6 6.3 6.2 6.1 5.8
Leases 6.2 6.2 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.7 6.7 6.6
Other business receivables 8 4.7 4.7 5.3 5.4 5.2 5.3 5.2 5.3 6.8 6.8 6.8 8.2 8.3
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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: June 28, 1999