G.

20
For immediate release

FINANCE COMPANIES 1
February 2000

April 2000
OWNED AND MANAGED RECEIVABLES 2
-------------------------------------------------------------------------------------------------------------------------------------1998
1999
2000
_______
_______________________________________ _______________
1995
1996
1997
1998
1999
Q4
Q1
Q2
Q3
Q4
Dec
Jan
Feb p
-------------------------------------------------------------------------------------------------------------------------------------Total
12.3
11.7
6.3
8.1
13.5
10.8
15.5
12.4
14.8
8.7
11.1
22.5
19.8
Consumer
15.3
8.7
6.6
7.6
9.2
11.5
11.9
10.1
10.2
3.5
0.3
20.0
13.0
Real estate
8.3
54.5
8.2
8.5
17.8
8.0
18.4
11.0
21.8
15.6
16.1
33.9
23.1
Business
10.8
4.8
5.4
8.3
15.9
11.0
17.9
15.0
16.5
10.8
18.8
20.7
24.4
Outstandings (billions of dollars)
Total
682.7
762.4
810.5
875.8
993.9
875.8
909.8
938.1
972.8
993.9
993.9 1020.0 1029.2
Consumer
283.1
307.6
327.9
352.8
385.3
352.8
363.2
372.4
381.9
385.3
385.3
391.7
395.9
Real estate
72.4
111.9
121.1
131.4
154.7
131.4
137.5
141.2
148.9
154.7
154.7
159.1
162.2
Business
327.2
342.9
361.5
391.6
453.9
391.6
409.1
424.5
442.0
453.9
453.9
469.2
471.1
-------------------------------------------------------------------------------------------------------------------------------------AUTO LOANS: TERMS OF CREDIT 3
-------------------------------------------------------------------------------------------------------------------------------------Percent except as noted; not seasonally adjusted
New car loans
Interest Rates
11.19
9.84
7.12
6.32
6.56
6.48
7.27
7.32
7.18
7.34
Maturity (months)
54.1
51.6
54.1
52.8
52.5
51.9
53.5
53.4
52.9
52.7

6.30

6.66

6.52

52.1

52.7

52.7

Loan-to-value ratio
92
92
91
Amount financed (dollars)
19,424 19,565 20,013 20,517

92
91
16,210
20,699

91
91
16,987
20,503

92
92
18,077
20,206

Used car loans
Interest Rates
11.99
12.21
12.92
13.28
Maturity (months)
56.0
56.0
55.9
55.8
Loan-to-value ratio
99
99
100
99
Amount financed (dollars)
13,585 13,721 13,478 13,787

14.48
13.28
52.2
55.6
99
99
11,590
13,970

13.53
12.95
51.4
57.0
100
98
12,182
13,809

13.27
13.27
51.0
57.1
99
98
12,281
13,697

92

92

92

92

19,083

19,880

19,507

12.64

12.60

12.44

53.5

55.9

54.3

99

99

100

12,691

13,642

13,076

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
-------------------------------------------------------------------------------------------------------------------------------------------199
8
1999
2000
____
___ _______________________________________ _______________
1995
1996
1997
1998
1999
Q4
Q1
Q2
Q3
Q4
Dec
Jan
Feb p
-------------------------------------------------------------------------------------------------------------------------------------------Not Seasonally Adjusted
Outstandings (billions of dollars)
Total
884.0
911.9

942.9

968.4

Consumer
356.1
359.7
374.6
383.1
Motor vehicle loans
103.1
104.7
108.6
109.5
Motor vehicle leases
93.3
93.9
95.6
98.1
Revolving 4

1003.2
388.8
114.7
98.3

689.5
1003.2

769.7
1020.0

818.1
1028.9

884.0

1003.2

285.8
388.8
81.1
114.7
80.8
98.3
28.5

310.6
391.1
86.7
117.6
92.5
99.3
32.5

330.9
392.7
87.0
121.3
96.8
100.7
38.6

356.1

388.8

103.1

114.7

93.3

98.3

32.3

33.8

32.3
33.1
54.8
12.7
8.7
18.1

31.2
32.4
30.7
Other 5
32.0
32.6
32.8
Securitized Assets 6
Motor vehicle loans
59.0
65.3
73.5
Motor vehicle leases
12.0
11.3
10.6
Revolving
9.1
9.7
10.2
Other
17.8
19.0
17.8

33.8
33.1
71.1
9.7
10.5
17.7

Real estate
131.4
137.5
141.2
148.9
154.7
One- to four-family
75.7
77.7
80.5
87.7
88.3
Other
26.6
31.6
33.0
34.6
38.3
Securitized real estate assets 6
One- to four-family
29.0
28.0
27.5
26.5
28.0
Other
0.1
0.3
0.2
0.2
0.2
Business
396.5
414.8
427.1
436.3
459.6
Motor vehicles
79.6
84.8
82.8
80.3
87.8
Retail loans
28.1
30.0
30.9
34.5
33.2
Wholesale loans
32.8
36.0
32.7
26.8
34.7
Leases
18.7
18.8
19.2
19.0
19.9
Equipment
198.0
202.3
208.3
208.0
221.9
Loans
50.4
51.6
53.3
48.2
52.2
Leases
147.6
150.7
155.1
159.8
169.7
Other business receivables 8
69.9
75.7
82.6
94.7
95.5
Securitized Assets 6
Motor vehicles
29.2
31.0
32.1
31.0
31.5
Retail loans
2.6
2.4
2.9
2.6
2.9
Wholesale loans
24.7
26.6
27.2
26.4
26.4
Leases
1.9
1.9
2.0
2.0
2.1
Equipment
13.0
12.8
13.3
14.6
14.6
Loans
6.6
6.1
6.7
7.7
7.9
Leases
6.4
6.7
6.6
6.9
6.7

33.8
42.6
33.1

34.4
33.2
33.0

33.2
34.4
32.8

36.8
69.6
8.7
9.5
0.0
10.4
20.1
17.4

44.3
67.8
10.8
9.4
0.0
10.2
19.0
17.3

72.4
154.7
n.a.
88.3
n.a.
38.3

111.9
159.1
52.1
91.1
30.5
38.6

121.1
162.2
59.0
91.3
28.9
38.4

n.a.
28.0
n.a.
0.2

28.9
29.2
0.4
0.2

33.0
32.2
0.2
0.2

347.2
469.8
67.1
87.9
25.1
33.3
33.0
34.6
9.0
20.1
194.8
222.3
59.9
51.9
134.9
170.4
47.6
98.2

366.1
474.1
63.5
89.6
25.6
33.7
27.7
35.8
10.2
20.1
203.9
224.2
51.5
52.3
152.3
171.8
51.1
100.0

24.0
31.5
2.7
2.9
21.3
26.5
0.0
2.1
11.3
21.8
4.7
15.1
6.6
6.7

33.0
31.0
2.4
2.8
30.5
26.1
0.0
2.1
10.7
21.6
4.2
15.0
6.5
6.6

34.8
71.1
3.5
9.7
n.a.
10.5
14.7
17.7

331.2
459.6
66.5
87.8
21.8
33.2
36.6
34.7
8.0
19.9
188.0
221.9
58.5
52.2
129.4
169.7
47.2
95.5
20.6
31.5
1.8
2.9
18.8
26.4
n.a.
2.1
8.2
14.6
5.3
7.9
2.8
6.7

33.1

33.1

54.8

71.1

12.7

9.7

8.7

10.5

18.1

17.7

131.4

154.7

75.7

88.3

26.6

38.3

29.0

28.0

0.1

0.2

396.5

459.6

79.6

87.8

28.1

33.2

32.8

34.7

18.7

19.9

198.0

221.9

50.4

52.2

147.6

169.7

69.9

95.5

29.2

31.5

2.6

2.9

24.7

26.4

1.9

2.1

13.0

14.6

6.6

7.9

6.4

6.7

Other business receivables 8
0.8
2.4
4.0
6.8
8.4
6.8
8.2
8.0
7.7
8.4
8.4
8.1
7.7
-------------------------------------------------------------------------------------------------------------------------------------------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.