FINANCE COMPANIES1

G.20

For immediate release

July 2006

September 2006

OWNED AND MANAGED RECEIVABLES OUTSTANDING2
Seasonally adjusted

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

r
2001

r
2002

r
2003

r
2004

r
2005

Q2

r

2005
r
Q3

8.5
14.2
14.9
-0.3

7.5
5.4
20.6
2.0

8.5
14.8
9.2
1.0

10.6
8.5
25.1
2.3

6.4
5.0
12.7
2.6

4.1
7.8
1.8
0.9

1.2
-2.9
3.7
4.5

r

Q4

12.2
3.7
28.8
8.3

Q1

r

9.9
6.1
24.0
1.1

r

2006
r
May

Jun

r

p
Jul

6.3
7.3
0.6
10.8

8.2
5.6
6.3
13.7

4.6
9.9
-7.0
9.4

2.3
9.3
-4.4
-0.3

Q2

1,383.7 1,487.0 1,613.7 1,783.9 1,898.1 1,836.4 1,841.8 1,898.1 1,945.1 1,975.5 1,968.0 1,975.5 1,979.3
561.3
591.4
679.0
736.4
773.0
771.6
766.0
773.0
784.7
799.0
792.4
799.0
805.2
303.7
366.4
400.2
500.5
564.1
521.3
526.1
564.1
597.9
598.8
602.4
598.8
596.6
518.6
529.2
534.5
547.0
561.0
543.5
549.6
561.0
562.5
577.7
573.2
577.7
577.6

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)

5.65
55.1
91
22,822

4.29
56.8
94
24,747

3.40
61.4
95
26,295

4.36
60.5
89
24,888

5.46
60.0
88
24,133

5.18
59.5
88
23,477

5.80
60.2
88
24,575

5.97
61.1
89
24,363

5.34
61.8
90
24,926

5.62
61.0
90
25,300

5.96
61.0
91
24,788

5.30
61.2
89
26,126

5.16
61.3
88
26,060

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

12.18
57.5
100
14,416

10.74
57.5
100
14,532

9.72
57.5
100
14,613

8.96
56.8
100
15,136

9.03
57.6
98
16,228

9.23
57.6
98
16,026

8.78
57.5
98
16,371

8.88
57.6
99
17,010

9.08
57.8
98
16,599

9.54
57.5
99
16,676

9.62
57.6
99
16,645

9.56
57.5
99
16,817

9.53
57.5
99
16,789

1. Includes finance company subsidiaries of bank holding companies but not of retailers and banks. Beginning with the July 2006 release, the definition of a finance company was broadened
to include companies that specialize in first liens on real estate. The data were revised back to 1997 to reflect this definitional change. Revisions back to 2000 are also a result
of benchmarking to the 2005 quinquennial finance company survey. For more information on this survey, visit <www.federalreserve.gov/releases/G19/>. Seasonally adjusted series have
been revised from January 1996 forward as a result of new seasonal factors.
2. Owned receivables are those carried on the balance sheet of the institution. Managed receivables include 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
r
2001
Total
Consumer
Motor vehicle loans
Motor vehicle leases
Revolving5
Other6
Securitized assets7
Motor vehicle loans
Motor vehicle leases
Revolving
Other

r
2002

r
2003

r
2004

r
2005

Q2

r

2005
r
Q3

Q4

r

Q1

r

Q2

r

2006
r
May

Jun

r

p
Jul

1,392.5 1,496.1 1,624.1 1,795.4 1,910.9 1,831.9 1,842.1 1,910.9 1,930.9 1,970.5 1,963.1 1,970.5 1,969.0
567.4
196.7
107.4
34.8
48.5

597.7
198.1
89.8
44.4
65.0

686.1
250.1
79.0
45.3
97.7

743.9
298.3
74.1
50.4
143.7

781.4
278.0
85.3
66.3
172.3

765.0
284.0
80.1
55.5
155.6

770.5
282.9
82.3
57.7
167.8

781.4
278.0
85.3
66.3
172.3

778.8
267.2
91.7
63.7
168.6

792.1
262.8
97.8
69.5
174.5

785.4
258.5
95.0
67.5
172.7

792.1
262.8
97.8
69.5
174.5

798.6
264.9
99.4
69.6
176.2

128.0
6.8
30.9
14.3

145.4
5.7
34.5
14.7

123.7
5.5
33.8
51.0

98.2
4.8
23.1
51.3

112.6
4.2
14.9
47.8

112.9
4.5
20.3
52.2

109.1
4.3
18.7
47.5

112.6
4.2
14.9
47.8

115.4
4.0
15.4
52.7

116.2
3.9
15.1
52.4

119.9
3.9
15.3
52.5

116.2
3.9
15.1
52.4

117.6
3.8
14.6
52.3

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

304.0
209.7
48.5

366.6
285.6
44.9

400.6
320.2
50.0

501.3
422.0
54.0

565.0
489.8
51.6

517.2
438.8
52.3

529.1
454.1
51.7

565.0
489.8
51.6

583.3
507.9
52.7

594.2
517.4
54.9

598.4
521.7
54.4

594.2
517.4
54.9

600.5
523.6
55.1

40.1
5.7

33.0
3.2

26.7
3.8

21.8
3.5

18.9
4.8

20.3
5.9

19.6
3.7

18.9
4.8

18.2
4.5

17.5
4.3

17.8
4.5

17.5
4.3

17.5
4.3

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

521.2
51.8
15.0
19.8
16.9
292.3
83.6
208.7
96.2

531.8
56.9
13.6
28.5
14.8
296.9
92.9
204.0
90.2

537.4
69.6
15.7
39.3
14.6
284.3
88.0
196.3
87.8

550.2
84.8
15.1
44.9
24.8
273.4
87.8
185.6
93.3

564.5
105.5
15.2
61.2
29.0
281.9
93.6
188.3
91.8

549.6
91.6
18.3
46.6
26.8
274.0
89.2
184.8
90.0

542.5
80.4
17.8
35.9
26.8
276.4
90.5
185.8
94.2

564.5
105.5
15.2
61.2
29.0
281.9
93.6
188.3
91.8

568.9
110.2
16.0
65.0
29.3
284.4
97.3
187.1
88.2

584.2
112.8
16.7
65.8
30.3
291.7
101.3
190.4
91.9

579.3
110.1
16.2
64.5
29.3
291.6
101.5
190.1
92.1

584.2
112.8
16.7
65.8
30.3
291.7
101.3
190.4
91.9

570.0
103.5
16.9
56.4
30.2
289.1
102.1
187.0
92.7

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

44.8
2.2
40.6
2.0
23.6
11.5
12.1
30.2

28.8
2.7
26.0
0.1
24.4
11.6
12.8
32.2

43.2
2.8
40.2
0.1
23.4
11.7
11.6
27.5

39.9
2.7
37.0
0.1
23.8
12.4
11.4
27.9

28.8
2.7
26.0
0.1
24.4
11.6
12.8
32.2

35.6
2.6
32.9
0.1
15.7
9.7
6.0
34.7

36.7
2.6
34.0
0.1
16.8
10.9
5.9
34.3

35.7
2.6
33.0
0.1
15.2
9.2
6.0
34.6

36.7
2.6
34.0
0.1
16.8
10.9
5.9
34.3

33.9
2.6
31.2
0.1
16.4
10.5
5.9
34.4

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.