FINANCE COMPANIES1

G.20

For immediate release

October 2004

December 2004

OWNED AND MANAGED RECEIVABLES OUTSTANDING2
Seasonally adjusted
2003

Percent change at annual rate3
Total
Consumer
Real estate
Business
Amount: billions of dollars
Total
Consumer
Real estate
Business

1999

2000

2001

2002

2003

Q3

Q4

Q1

Q2

13.6
10.8
15.8
15.5

15.8
15.2
14.3
17.0

4.6
9.2
4.4
0.6

2.3
0.8
4.7
2.9

4.4
4.5
10.2
1.9

8.4
13.1
18.6
-0.2

5.7
5.3
9.5
4.4

6.7
4.6
7.0
8.6

3.1
5.5
13.6
-3.8

2004
r
r
Q3
Aug
8.2
9.7
15.6
3.3

11.3
7.5
17.4
12.4

r

p

Sep

Oct

11.6
16.7
20.4
2.6

3.1
0.6
16.1
-0.4

1,030.2 1,193.1 1,248.4 1,277.4 1,333.1 1,314.4 1,333.1 1,355.4 1,366.0 1,393.8 1,380.5 1,393.8 1,397.5
409.7
472.0
515.2
519.1
542.5
535.4
542.5
548.8
556.4
569.9
562.1
569.9
570.2
174.0
198.9
207.7
217.4
239.6
234.0
239.6
243.8
252.1
261.9
257.6
261.9
265.4
446.5
522.3
525.5
540.9
551.0
545.0
551.0
562.9
557.5
562.0
560.8
562.0
561.9

AUTO LOANS: TERMS OF CREDIT4
Percent except as noted: not seasonally adjusted
New car loans
Interest rates
Maturity (months)
Loan-to-value ratio
Amount financed (dollars)

6.66
52.7
92
19,880

6.61
54.9
92
20,923

5.65
55.1
91
22,822

4.29
56.8
94
24,747

3.40
61.4
95
26,295

3.55
63.0
94
25,733

3.80
62.5
94
26,493

3.24
59.7
94
26,470

3.65
60.2
92
25,525

5.54
60.9
85
23,179

5.62
60.8
84
22,951

5.74
60.9
81
22,765

4.42
63.4
85
24,711

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

12.60
55.9
99
13,643

13.55
57.0
99
14,058

12.18
57.5
100
14,416

10.74
57.5
100
14,532

9.72
57.5
100
14,613

9.57
57.8
100
14,654

9.14
57.0
100
14,935

9.21
56.5
99
14,523

8.84
56.9
101
14,957

8.93
57.1
100
15,350

8.96
57.1
100
15,197

8.92
57.2
99
15,490

8.94
57.1
99
15,547

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 series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect of such breaks.
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 RECEIVABLES OUTSTANDING2
(Billions of dollars)
Not seasonally adjusted
2003
1999
Total

2000

2001

2002

2003

Q3

Q4

Q1

Q2

2004
r
r
Q3
Aug

r

Sep

Oct

p

1,036.4 1,199.8 1,255.3 1,284.3 1,340.4 1,309.3 1,340.4 1,358.4 1,371.4 1,388.6 1,371.4 1,388.6 1,397.4

Consumer
Motor vehicle loans
Motor vehicle leases
Revolving5
Other6
Securitized assets7
Motor vehicle loans
Motor vehicle leases
Revolving
Other

412.8
129.2
102.9
32.5
39.9

475.9
141.6
108.2
37.6
41.3

519.7
173.9
103.5
31.5
32.7

523.9
160.2
83.3
38.9
38.7

547.7
197.0
70.0
37.6
60.9

536.3
196.7
75.4
37.3
50.1

547.7
197.0
70.0
37.6
60.9

545.1
202.5
66.6
37.6
67.2

553.9
206.3
65.0
39.9
78.5

570.8
224.0
62.9
45.5
83.2

562.4
215.3
63.5
41.3
82.4

570.8
224.0
62.9
45.5
83.2

573.0
228.3
62.5
45.4
83.3

73.1
9.7
6.7
18.8

97.1
6.6
27.5
16.0

131.9
6.8
25.0
14.3

151.9
5.7
31.1
14.0

132.8
5.5
31.6
12.2

129.6
5.7
28.9
12.7

132.8
5.5
31.6
12.2

122.6
5.3
31.5
11.6

120.4
5.1
28.1
10.7

113.5
5.0
26.7
10.1

116.5
5.0
28.0
10.4

113.5
5.0
26.7
10.1

113.1
4.9
25.5
10.0

Real estate
One-to-four family
Other
Securitized assets7
One-to-four family
Other

174.0
108.2
37.6

198.9
130.6
41.7

207.7
120.1
41.2

217.4
135.0
39.5

239.6
152.2
46.7

234.0
151.8
42.8

239.6
152.2
46.7

243.8
159.5
46.7

252.1
167.9
46.0

261.9
176.2
48.3

257.6
172.4
47.4

261.9
176.2
48.3

265.4
180.1
48.1

28.0
0.2

24.7
1.9

40.7
5.7

39.7
3.2

36.9
3.8

37.6
1.8

36.9
3.8

36.1
1.5

35.4
2.8

34.8
2.7

35.0
2.8

34.8
2.7

34.6
2.7

Business
Motor vehicles
Retail loans
Wholesale loans8
Leases
Equipment
Loans
Leases
Other business receivables9
Securitized assets7
Motor vehicles
Retail loans
Wholesale loans
Leases
Equipment
Loans
Leases
Other business receivables9

449.6
69.4
21.1
34.8
13.6
238.7
64.5
174.2
87.0

525.0
75.5
18.3
39.7
17.6
283.5
70.2
213.3
99.4

527.9
54.0
16.1
20.3
17.6
289.4
77.8
211.6
103.5

543.0
60.7
15.4
29.3
16.0
292.1
83.3
208.8
102.5

553.1
74.9
18.2
40.3
16.3
277.6
74.6
203.1
105.0

539.0
62.2
18.1
30.5
13.6
278.2
73.1
205.1
105.1

553.1
74.9
18.2
40.3
16.3
277.6
74.6
203.1
105.0

569.5
88.8
16.6
48.1
24.1
275.2
75.7
199.5
111.6

565.4
95.4
18.0
52.8
24.6
265.0
68.5
196.4
110.9

555.8
84.1
19.7
38.1
26.2
260.9
68.6
192.3
111.4

551.4
87.2
19.3
43.0
24.8
259.7
68.2
191.5
110.9

555.8
84.1
19.7
38.1
26.2
260.9
68.6
192.3
111.4

558.9
86.9
19.7
41.0
26.2
263.0
69.9
193.1
110.4

31.5
2.9
26.4
2.1
14.6
7.9
6.7
8.4

37.8
3.2
32.5
2.2
23.1
15.5
7.6
5.6

50.1
5.1
42.5
2.5
23.2
16.4
6.8
7.7

50.2
2.4
45.9
1.9
20.2
13.0
7.2
17.4

48.4
2.2
44.2
2.1
22.1
12.5
9.6
25.1

47.2
2.2
42.8
2.1
22.3
13.2
9.1
23.9

48.4
2.2
44.2
2.1
22.1
12.5
9.6
25.1

48.4
2.2
44.1
2.1
20.1
11.6
8.5
25.4

45.6
2.2
41.3
2.1
22.7
12.2
10.5
25.9

48.4
2.2
44.2
2.1
24.2
11.7
12.5
26.8

45.6
2.2
41.4
2.1
22.0
11.6
10.4
25.9

48.4
2.2
44.2
2.1
24.2
11.7
12.5
26.8

47.4
2.2
43.2
2.1
24.2
11.7
12.5
26.9

5.
6.
7.
8.
9.

Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
Includes student loans, 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.
r=revised. p=preliminary.