FINANCE COMPANIES1

G.20

For immediate release

May 2000

August 2000

OWNED AND MANAGED RECEIVABLES2
1999
1995

1996

1997

1998

1999

Q1

Q2

2000
Q3

p

Q4

Q1

Mar

Apr

May

8.7
3.5
15.6
10.8

19.0
11.9
34.1
19.8

19.1
3.7
41.7
23.8

21.9
3.7
37.2
31.4

9.7
-2.1
19.3
15.8

Seasonally Adjusted
Growth Rates (percent at annual rate)
Total
Consumer
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

15.5
11.9
18.4
17.9

12.4
10.1
11.0
15.0

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

909.8
363.2
137.5
409.1

938.1
372.4
141.2
424.5

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

6.32
52.8
92
19,424

6.56
52.5
92
19,565

6.48
51.9
92
20,013

7.27
53.5
91
20,517

7.09
52.9
92
20,368

6.76
53.1
93
20,395

6.38
53.8
93
20,542

6.51
53.5
93
20,621

13.27
51.0
99
12,281

12.64
53.5
99
12,691

12.60
55.9
99
13,642

11.99
56.0
99
13,585

12.21
56.0
99
13,721

12.92
55.9
100
13,478

13.28
55.8
99
13,787

13.22
57.1
98
13,724

13.45
57.1
99
13,666

13.52
57.1
98
13,871

13.47
57.1
99
14,132

Outstandings (billions of dollars)
Total
Consumer
Real estate
Business

993.9 1,054.1 1,054.1 1,073.3 1,082.0
385.3
396.7
396.7
398.0
397.3
154.7
167.9
167.9
173.1
175.9
453.9
489.4
489.4
502.2
508.9

AUTO LOANS: TERMS OF CREDIT3

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. 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

Q1

Q2

2000
Q3

Q4

Q1

Mar

Apr

May

p

Not Seasonally Adjusted
Outstandings (billions of dollars)
Total
Consumer
Motor vehicle loans
Motor vehicle leases
Revolving4
Other5
Securitized Assets6
Motor vehicle loans
Motor vehicle leases
Revolving
Other
Real estate
One- to four-family
Other
Securitized real estate assets6
One- to four-family
Other
Business
Motor vehicles
Retail loans
Wholesale loans
Leases
Equipment
Loans
Leases
Other business receivables8
Securitized Assets6
Motor vehicles
Retail loans
Wholesale loans
Leases
Equipment
Loans
Leases
Other business receivables8
4.
5.
6.
7.
8.

689.5

769.7

818.1

884.0 1,003.2

911.9

942.9

968.4 1,003.2 1,057.0 1,057.0 1,073.6 1,081.9

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

359.7
104.7
93.9
31.2
32.0

374.6
108.6
95.6
32.4
32.6

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

392.8
121.1
101.7
31.5
31.1

394.4
120.9
102.8
31.9
31.2

396.0
123.9
104.1
29.8
31.3

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

59.0
12.0
9.1
17.8

65.3
11.3
9.7
19.0

73.5
10.6
10.2
17.8

71.1
9.7
10.5
17.7

71.2
8.8
10.3
17.1

71.2
8.8
10.3
17.1

72.1
8.5
10.1
16.8

71.9
8.2
10.2
16.5

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

137.5
77.7
31.6

141.2
80.5
33.0

148.9
87.7
34.6

154.7
88.3
38.3

167.9
90.4
38.4

167.9
90.4
38.4

173.1
93.6
39.0

175.9
94.8
39.4

n.a.
n.a.

28.9
0.4

33.0
0.2

29.0
0.1

28.0
0.2

28.0
0.3

27.5
0.2

26.5
0.2

28.0
0.2

38.9
0.2

38.9
0.2

40.2
0.2

41.5
0.2

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

414.8
84.8
30.0
36.0
18.8
202.3
51.6
150.7
75.7

427.1
82.8
30.9
32.7
19.2
208.3
53.3
155.1
82.6

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

496.3
90.2
32.3
37.9
19.9
238.0
54.9
183.1
106.4

506.1
93.6
32.7
38.9
22.0
243.1
55.6
187.5
107.4

510.0
94.8
33.3
39.5
22.0
246.7
55.9
190.8
106.6

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
2.4
26.6
1.9
12.8
6.1
6.7
8.2

32.1
2.9
27.2
2.0
13.3
6.7
6.6
8.0

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

31.5
3.2
25.9
2.4
22.0
15.4
6.5
8.3

32.3
3.1
26.8
2.4
21.7
15.2
6.5
8.0

32.0
3.0
26.7
2.4
21.5
15.0
6.5
8.4

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.