FINANCE COMPANIES1

G.20

For immediate release

November 2000

January 2001

OWNED AND MANAGED RECEIVABLES2
1999
1995

1996

1997

1998

1999

Q3

2000
Q4

Q1

r

Q2

Q3

Sep

Oct

12.8
4.7
16.1
18.2

13.5
18.2
17.4
7.7

20.8
25.2
13.3
17.4

16.0
29.1
22.2
1.8

Nov

p

Seasonally Adjusted
Growth Rates (percent at annual rate)
Total
Consumer3
Real estate
Business

12.3
15.3
8.3
10.8

11.7
8.7
54.5
4.8

6.3
6.6
8.2
5.4

8.1
7.6
8.5
8.3

13.5
9.2
17.8
15.9

14.8
10.2
21.8
16.5

682.7
283.1
72.4
327.2

762.4
307.6
111.9
342.9

810.5
327.9
121.1
361.5

875.8
352.8
131.4
391.6

993.9
385.3
154.7
453.9

972.8
381.9
148.9
442.0

Percent except as noted; not seasonally adjusted
New car loans
Interest Rates
11.19
9.84
Maturity (months)
54.1
51.6
Loan-to-value ratio
92
91
Amount financed (dollars)
16,210 16,987

7.12
54.1
92
18,077

6.30
52.1
92
19,083

6.66
52.7
92
19,880

6.48
51.9
92
20,013

7.27
53.5
91
20,517

7.09
52.9
92
20,368

6.43
54.3
93
20,504

7.06
55.7
91
20,694

7.16
55.9
91
21,010

4.74
57.6
93
22,069

5.44
57.3
93
22,443

13.27
51.0
99
12,281

12.64
53.5
99
12,691

12.60
55.9
99
13,642

12.92
55.9
100
13,478

13.28
55.8
99
13,787

13.22
57.1
98
13,724

13.52
57.2
99
14,083

13.75
57.1
100
14,128

13.91
57.0
100
13,950

13.87
57.0
100
13,978

13.53
56.8
100
14,325

Outstandings (billions of dollars)
Total
Consumer3
Real estate
Business

8.7
3.5
15.6
10.8

14.7
11.9
6.8
19.8

-0.9
4.3
13.1
-9.9

993.9 1,043.6 1,076.9 1,112.1 1,112.1 1,133.7 1,132.9
385.3
396.7
401.4
419.7
419.7
437.3
438.9
154.7
157.4
163.7
170.9
170.9
174.0
175.9
453.9
489.4
511.7
521.6
521.6
522.3
518.0

AUTO LOANS: TERMS OF CREDIT4

Used car loans
Interest Rates
Maturity (months)
Loan-to-value ratio
Amount financed (dollars)

14.48
52.2
99
11,590

13.53
51.4
100
12,182

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. The level of consumer credit outstanding in October includes previously unreported assets, and thus represents a break in this series. The October growth rate is adjusted to exclude
these previously unreported assets.
4. 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 RECEIVABLES2
1999
1995

1996

1997

1998

1999

Q3

2000
Q4

Q1

Q2

Q3

Sep

Oct

r

Nov

p

Not Seasonally Adjusted
Outstandings (billions of dollars)
Total
Consumer3
Motor vehicle loans
Motor vehicle leases
Revolving5
Other6
Securitized Assets7
Motor vehicle loans
Motor vehicle leases
Revolving
Other
Real estate
One- to four-family
Other
Securitized real estate assets7
One- to four-family
Other
Business
Motor vehicles
Retail loans
Wholesale loans
Leases
Equipment
Loans
Leases
Other business receivables9
Securitized Assets7
Motor vehicles
Retail loans
Wholesale loans
Leases
Equipment
Loans
Leases
Other business receivables9
5.
6.
7.
8.
9.

689.5

769.7

818.1

884.0 1,003.2

968.4 1,003.2 1,046.5 1,082.3 1,106.8 1,106.8 1,131.7 1,134.5

285.8
81.1
80.8
28.5
42.6

310.6
86.7
92.5
32.5
33.2

330.9
87.0
96.8
38.6
34.4

356.1
103.1
93.3
32.3
33.1

388.8
114.7
98.3
33.8
33.1

383.1
109.5
98.1
30.7
32.8

388.8
114.7
98.3
33.8
33.1

392.8
121.1
101.7
31.5
31.1

403.9
126.5
103.9
33.1
30.7

421.0
130.1
104.6
35.4
31.7

421.0
130.1
104.6
35.4
31.7

437.9
131.8
104.3
37.1
31.9

440.5
127.8
104.0
37.1
32.0

34.8
3.5
n.a.
14.7

36.8
8.7
0.0
20.1

44.3
10.8
0.0
19.0

54.8
12.7
8.7
18.1

71.1
9.7
10.5
17.7

73.5
10.6
10.2
17.8

71.1
9.7
10.5
17.7

71.2
8.8
10.3
17.1

74.1
7.9
11.1
16.6

78.8
7.2
17.2
16.0

78.8
7.2
17.2
16.0

84.3
7.0
25.8
15.7

91.5
6.8
25.8
15.5

72.4
n.a.
n.a.

111.9
52.1
30.5

121.1
59.0
28.9

131.4
75.7
26.6

154.7
88.3
38.3

148.9
87.7
34.6

154.7
88.3
38.3

157.4
90.4
38.4

163.7
96.6
39.6

170.9
100.9
41.5

170.9
100.9
41.5

174.0
104.6
41.8

175.9
107.0
42.0

n.a.
n.a.

28.9
0.4

33.0
0.2

29.0
0.1

28.0
0.2

26.5
0.2

28.0
0.2

28.4
0.2

27.4
0.2

26.5
1.9

26.5
1.9

25.7
1.9

25.0
1.9

331.2
66.5
21.8
36.6
8.0
188.0
58.5
129.4
47.2

347.2
67.1
25.1
33.0
9.0
194.8
59.9
134.9
47.6

366.1
63.5
25.6
27.7
10.2
203.9
51.5
152.3
51.1

396.5
79.6
28.1
32.8
18.7
198.0
50.4
147.6
69.9

459.6
87.8
33.2
34.7
19.9
221.9
52.2
169.7
95.5

436.3
80.3
34.5
26.8
19.0
208.0
48.2
159.8
94.7

459.6
87.8
33.2
34.7
19.9
221.9
52.2
169.7
95.5

496.3
90.2
32.3
37.9
19.9
238.0
54.9
183.1
106.4

514.7
94.5
33.8
38.4
22.3
250.0
56.7
193.3
109.7

514.9
94.1
34.8
35.5
23.7
256.7
55.8
200.9
104.9

514.9
94.1
34.8
35.5
23.7
256.7
55.8
200.9
104.9

519.8
95.9
34.7
37.5
23.7
258.5
56.1
202.4
103.7

518.2
93.3
32.3
37.3
23.8
257.6
54.7
202.9
103.2

20.6
1.8
18.8
n.a.
8.2
5.3
2.8
0.8

24.0
2.7
21.3
0.0
11.3
4.7
6.6
2.4

33.0
2.4
30.5
0.0
10.7
4.2
6.5
4.0

29.2
2.6
24.7
1.9
13.0
6.6
6.4
6.8

31.5
2.9
26.4
2.1
14.6
7.9
6.7
8.4

31.0
2.6
26.4
2.0
14.6
7.7
6.9
7.7

31.5
2.9
26.4
2.1
14.6
7.9
6.7
8.4

31.5
3.2
25.9
2.4
22.0
15.4
6.5
8.3

31.7
2.9
26.4
2.4
22.3
15.8
6.4
6.6

31.9
2.4
27.1
2.4
21.4
15.1
6.4
5.8

31.9
2.4
27.1
2.4
21.4
15.1
6.4
5.8

34.2
2.3
29.5
2.4
21.7
14.9
6.7
5.8

37.0
3.1
31.5
2.4
21.3
14.6
6.7
5.8

Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel, boats, and recreation vehicles.
Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator.
Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
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.