FINANCE COMPANIES1

G.20

For immediate release

February 2002

April 2002

OWNED AND MANAGED RECEIVABLES2
2000
1997

1998

1999

2000

2001

Q4

2001
Q1

Q2

Q3

Q4

Dec

3.6
3.9
8.8
1.4

1.6
14.4
-2.8
-8.5

-9.9
6.6
-8.3
-26.3

2002
r
p
Jan
Feb

Seasonally Adjusted
Growth Rates (percent at annual rate)
Total
Consumer3
Real estate
Business
Outstandings (billions of dollars)
Total
Consumer3
Real estate
Business

7.5
10.3
13.0
3.0
822.9
345.0
129.7
348.2

10.3
7.3
15.9
11.1

13.6
10.8
15.8
15.5

15.1
13.4
14.3
17.0

5.5
10.5
6.4
0.6

11.7
14.7
10.4
9.5

5.5
15.4
6.2
-3.6

10.8
6.8
13.0
13.6

-14.7
-5.6
-35.5
-15.3

6.9
17.2
1.4
-1.1

907.3 1,031.1 1,186.9 1,251.6 1,186.9 1,203.1 1,235.5 1,246.7 1,251.6 1,251.6 1,236.2 1,243.3
370.1
410.2
465.2
513.9
465.2
483.0
491.3
496.0
513.9
513.9
511.5
518.8
150.3
174.0
198.9
211.6
198.9
202.0
208.5
213.1
211.6
211.6
205.3
205.6
386.9
446.9
522.8
526.2
522.8
518.1
535.7
537.6
526.2
526.2
519.4
519.0

AUTO LOANS: TERMS OF CREDIT4
Percent except as noted; not seasonally adjusted
New car loans
Interest rates
7.12
6.30
Maturity (months)
54.1
52.1
Loan-to-value ratio
92
92
Amount financed (dollars)
18,077 19,083
Used car loans
Interest rates
Maturity (months)
Loan-to-value ratio
Amount financed (dollars)

13.27
51.0
99
12,281

12.64
53.5
99
12,691

6.66
52.7
92
19,880

6.61
54.9
92
20,923

5.65
55.1
91
22,822

5.87
56.7
92
22,126

7.09
55.1
90
21,813

6.50
56.8
91
21,969

6.01
57.4
92
22,775

2.97
51.1
92
24,729

3.31
48.6
91
24,812

4.02
48.8
90
24,137

6.07
56.4
89
22,741

12.60
55.9
99
13,642

13.55
57.0
99
14,058

12.18
57.5
100
14,416

13.70
56.8
100
14,298

13.21
57.9
99
14,155

12.48
57.8
100
14,428

11.96
57.6
100
14,434

11.09
56.8
100
14,649

10.89
56.5
100
14,653

10.84
57.3
100
14,355

11.10
57.8
100
14,049

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 2000:Q4 includes previously unreported assets, and thus represents a break in this series. The 2000:Q4 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 RECEIVABLES3
2000
1997

1998

1999

2000

2001

Q4

2001
Q1

Q2

Q3

Q4

Dec

2002
r
p
Jan
Feb

Not Seasonally Adjusted
Outstandings (billions of dollars)
Total

828.7

912.7 1,036.4 1,192.1 1,256.9 1,192.1 1,207.9 1,241.8 1,239.5 1,256.9 1,256.9 1,240.2 1,244.5

Consumer3
Motor vehicle loans
Motor vehicle leases
Revolving5
Other6
Securitized Assets7
Motor vehicle loans
Motor vehicle leases
Revolving
Other

347.3
93.3
98.8
37.0
37.3

372.5
113.5
96.6
31.9
37.9

412.7
129.2
102.9
32.5
39.8

468.3
141.6
108.2
37.6
40.7

517.4
173.9
103.5
31.5
31.1

468.3
141.6
108.2
37.6
40.7

478.9
138.6
106.4
34.9
39.2

491.3
144.6
110.2
36.8
32.8

498.0
151.6
108.3
35.9
33.4

517.4
173.9
103.5
31.5
31.1

517.4
173.9
103.5
31.5
31.1

512.2
168.9
102.4
29.9
31.3

517.1
172.6
101.2
29.2
31.6

44.3
10.8
5.1
20.8

54.8
12.7
5.5
19.6

73.1
9.7
6.7
18.8

97.1
6.6
19.6
17.1

131.9
6.8
24.3
14.3

97.1
6.6
19.6
17.1

108.0
6.6
28.8
16.2

114.6
7.6
29.1
15.5

117.5
7.0
29.3
15.0

131.9
6.8
24.3
14.3

131.9
6.8
24.3
14.3

135.1
6.7
23.9
13.8

136.8
6.6
25.3
13.9

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

129.7
67.5
29.0

150.3
90.0
31.2

174.0
108.2
37.6

198.9
130.6
41.7

211.6
142.5
41.2

198.9
130.6
41.7

202.0
133.8
42.3

208.5
140.1
42.2

213.1
144.8
42.6

211.6
142.5
41.2

211.6
142.5
41.2

205.3
118.3
41.0

205.6
118.7
41.1

33.0
0.2

29.0
0.1

28.0
0.2

24.7
1.9

22.2
5.7

24.7
1.9

23.9
1.9

23.4
2.8

22.8
2.9

22.2
5.7

22.2
5.7

40.3
5.7

40.1
5.7

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

351.7
58.7
20.4
27.8
10.5
198.0
56.8
141.2
47.5

389.9
64.8
19.5
32.8
12.5
212.2
59.2
153.0
63.9

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

525.0
75.5
18.3
39.7
17.6
283.5
70.2
213.3
99.4

527.1
71.9
18.0
35.8
18.1
283.4
71.4
212.0
103.8

542.0
83.9
16.6
49.3
18.1
292.6
76.1
216.4
105.4

528.4
57.8
16.7
23.6
17.5
288.2
76.8
211.4
105.1

527.9
54.0
16.1
20.3
17.6
289.4
77.8
211.6
103.5

527.9
54.0
16.1
20.3
17.6
289.4
77.8
211.6
103.5

522.7
52.0
16.4
18.0
17.6
287.4
75.9
211.5
103.8

521.8
54.5
17.0
20.1
17.5
285.7
74.8
210.9
100.9

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

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

37.8
3.2
32.5
2.2
23.1
15.5
7.6
5.6

40.0
2.8
34.5
2.6
22.5
14.6
7.9
5.6

31.4
3.1
25.8
2.6
22.6
15.2
7.5
6.0

48.0
2.6
42.8
2.7
23.1
15.1
8.0
6.1

50.1
5.1
42.5
2.5
23.2
16.4
6.8
7.7

50.1
5.1
42.5
2.5
23.2
16.4
6.8
7.7

49.1
4.7
41.9
2.5
22.7
15.9
6.8
7.7

46.7
4.6
39.6
2.5
26.2
19.4
6.7
7.8

5.
6.
7.
8.
9.

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.