Full text of G.20 Finance Companies : March 2024
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G.20 Finance Companies1 January 2024 For immediate release March 2024 Notes about the Data The Federal Reserve Board announced on March 25, 2024 the following changes to the Finance Companies (G.20) statistical release: Beginning with the April 2024 G.20 Finance Companies release, scheduled to be published in June, data for the Finance Companies New and Used Car Loan Terms of Credit series will be produced from Experian's Velocity Risk Report instead of Experian's Autocount Risk Report. The updated source data will affect only data from the first quarter of 2024 forward; previous data will not be affected. The type of measures shown will not change. Finance Companies1 G.20 For immediate release January 2024 March 2024 Owned and Managed Receivables Outstanding2 Seasonally adjusted. Billions of dollars except as noted. 2022 Total percent change (annual rate)3 Consumer Real estate Business Total flow (annual rate)4 Consumer Real estate Business Total outstanding Consumer Real estate Business r 2024 p Jan 7.7 2.9 -4.5 21.1 7.7 2.7 -0.1 18.7 0.7 3.3 -0.9 -2.1 145.2 26.8 -15.1 133.5 145.0 24.7 -0.2 120.6 13.7 30.7 -3.0 -14.0 Q4 Q1 Q2 Q3 r Q4 Nov 5.8 4.1 -2.8 13.4 3.3 -2.4 -1.6 15.6 -0.1 1.7 -4.6 -0.2 10.4 7.4 -1.5 22.2 6.0 3.8 -3.9 14.6 6.4 3.4 -1.1 14.7 104.2 36.6 -9.5 77.0 59.5 -21.6 -5.5 86.7 -1.9 14.8 -15.8 -0.9 188.2 65.6 -5.0 127.6 110.0 34.6 -13.2 88.6 120.4 31.5 -3.8 92.7 2019 2020 2021 2022 2023 -0.6 0.1 2.1 -2.6 -2.3 0.6 -6.1 -6.7 -4.1 1.1 -12.4 -12.3 0.7 -5.3 -3.3 14.7 -7.0 1.0 2.4 -10.4 -28.8 4.2 -7.2 -25.9 -49.8 8.0 -13.6 -44.3 13.1 -49.2 -11.5 73.7 r 2023 r Dec 1,233.1 1,204.3 1,789.5 1,802.6 1,906.8 1,802.6 1,802.1 1,849.2 1,876.7 1,906.8 1,894.7 1,906.8 1,907.9 729.2 733.5 934.5 885.3 922.0 885.3 889.0 905.4 914.1 922.0 919.9 922.0 924.5 117.2 110.0 352.6 341.1 331.6 341.1 337.1 335.9 332.6 331.6 331.6 331.6 331.4 386.7 360.8 502.5 576.2 653.2 576.2 576.0 607.9 630.0 653.2 643.1 653.2 652.0 Auto Loans: Terms of Credit5 Not seasonally adjusted. New car loans Interest rates (percent) Maturity (months) Amount financed (dollars) 6.4 67 31,311 5.2 69 34,449 4.6 67 35,307 5.2 67 38,900 6.7 66 38,716 6.1 67 39,407 6.4 66 39,066 6.6 65 38,689 6.7 65 38,588 7.0 65 38,519 n.a. 7.0 n.a. 65 n.a. 38,519 n.a. n.a. n.a. Used car loans Interest rates (percent) Maturity (months) Amount financed (dollars) 14.7 63 18,442 13.6 64 19,636 13.5 65 22,208 14.2 66 25,033 15.7 66 23,985 14.8 66 24,909 15.7 66 23,537 16.0 66 23,724 15.4 66 24,598 15.9 66 24,082 n.a. 15.9 n.a. 66 n.a. 24,082 n.a. n.a. n.a. Footnotes appear on the third page. Owned and Managed Receivables Outstanding (Levels)2 (Billions of dollars) Not seasonally adjusted 2022 2019 Total 2020 2021 2022 2023 r Q4 2023 Q1 Q2 Q3 r Q4 Nov r Dec r 2024 p Jan 1,233.1 1,204.3 1,789.5 1,802.6 1,906.8 1,802.6 1,799.5 1,846.1 1,872.6 1,906.8 1,887.4 1,906.8 1,902.4 Consumer Motor vehicle loans Motor vehicle leases Revolving6 Other7 729.2 321.5 191.5 21.9 194.4 733.5 350.3 182.1 17.1 184.0 934.5 448.6 239.4 24.7 221.8 885.3 462.8 202.6 22.3 197.7 922.0 521.9 194.7 20.8 184.5 885.3 462.8 202.6 22.3 197.7 883.8 473.6 197.8 20.6 191.8 902.7 492.9 196.2 20.8 192.8 913.9 508.8 195.2 20.4 189.5 922.0 521.9 194.7 20.8 184.5 918.9 517.5 194.7 20.7 186.0 922.0 521.9 194.7 20.8 184.5 923.1 523.6 194.5 20.8 184.3 Real estate One-to-four family Other 117.2 85.4 31.8 110.0 77.1 32.9 352.6 310.6 42.0 341.1 300.7 40.4 331.6 296.2 35.4 341.1 300.7 40.4 338.2 298.2 39.9 336.4 297.3 39.1 332.3 295.1 37.3 331.6 296.2 35.4 331.3 295.1 36.2 331.6 296.2 35.4 331.9 295.9 35.9 Business Motor vehicles Retail loans Wholesale loans8 Leases Equipment Loans Leases Other business receivables9 386.7 113.7 18.3 86.2 9.2 196.9 120.9 76.0 76.1 360.8 92.3 19.6 64.1 8.6 187.7 118.8 68.9 80.9 502.5 90.1 27.0 52.4 10.7 276.2 141.0 135.2 136.2 576.2 121.4 31.1 80.4 9.9 305.1 158.7 146.4 149.7 653.2 151.4 38.7 103.0 9.7 333.8 179.9 153.8 168.1 576.2 121.4 31.1 80.4 9.9 305.1 158.7 146.4 149.7 577.5 118.4 33.1 75.6 9.7 307.4 163.3 144.1 151.7 607.0 124.6 34.9 80.0 9.7 321.6 173.7 147.9 160.8 626.3 131.1 36.8 84.6 9.6 329.9 178.5 151.4 165.3 653.2 151.4 38.7 103.0 9.7 333.8 179.9 153.8 168.1 637.2 140.1 38.1 92.3 9.7 331.6 178.0 153.6 165.5 653.2 151.4 38.7 103.0 9.7 333.8 179.9 153.8 168.1 647.4 148.5 39.4 99.4 9.7 332.8 180.1 152.7 166.1 Footnotes appear on the third page. Owned and Managed Receivables Outstanding (Flows)2,4 (Billions of dollars, annual rate) Not seasonally adjusted 2022 Q2 Q3 104.2 76.0 -12.3 186.3 105.8 136.9 129.0 232.3 -52.0 -49.2 14.2 -36.8 -2.5 -24.1 36.6 59.2 -7.9 -1.4 -13.2 -21.0 42.7 -33.3 2.2 -32.5 -6.1 43.4 -19.4 -6.5 -23.6 75.7 77.1 -6.2 0.6 4.2 44.8 63.6 -4.0 -1.4 -13.4 32.1 52.5 -2.2 1.7 -19.9 30.4 50.7 -2.1 1.3 -19.5 36.3 53.5 -0.5 1.7 -18.4 14.1 19.3 -1.9 -1.1 -2.3 -13.6 -12.0 -1.6 -11.5 -9.9 -1.5 -9.5 -4.5 -5.0 -4.6 -1.0 -3.6 -11.7 -9.8 -1.9 -7.2 -3.7 -3.5 -16.1 -8.9 -7.2 -2.8 4.6 -7.4 -8.7 -1.0 -7.7 3.6 13.2 -9.5 2.9 -3.4 6.3 -44.3 -24.2 2.2 -25.6 -0.8 -13.4 8.4 -21.8 -6.6 73.7 31.3 4.1 28.0 -0.8 28.9 17.7 11.2 13.5 77.0 29.9 7.6 22.5 -0.2 28.7 21.2 7.5 18.4 101.6 68.1 8.3 60.6 -0.8 22.1 15.2 6.9 11.5 5.5 -11.9 7.9 -19.3 -0.6 9.2 18.2 -9.0 8.3 117.8 24.8 7.3 17.6 -0.1 56.8 41.5 15.3 36.2 77.1 25.7 7.8 18.2 -0.3 33.3 19.1 14.1 18.1 107.7 81.2 7.5 73.6 0.1 15.5 5.9 9.6 11.0 107.3 99.9 5.9 93.8 0.2 1.2 2.9 -1.8 6.3 192.4 135.3 7.3 128.2 -0.1 26.4 22.9 3.5 30.7 -69.0 -34.5 7.8 -42.5 0.2 -11.1 2.5 -13.6 -23.4 2022 2023 -7.0 -28.8 -49.8 13.1 Consumer Motor vehicle loans Motor vehicle leases Revolving6 Other7 1.0 9.9 -2.4 -1.9 -4.7 4.2 28.9 -9.4 -4.8 -10.4 8.0 20.4 -9.8 -5.6 3.1 Real estate One-to-four family Other 2.4 -1.7 4.1 -7.2 -8.2 1.1 -10.4 -2.0 0.7 -2.7 0.0 -2.8 -4.9 2.1 -5.6 -25.9 -21.4 1.4 -22.2 -0.6 -9.2 -2.1 -7.1 4.7 Business Motor vehicles Retail loans Wholesale loans8 Leases Equipment Loans Leases Other business receivables9 2024 p Jan Q1 2021 Nov r r Q4 2020 Total 2023 r Q4 2019 r Dec Footnotes 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 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. In addition, percent changes are at a simple annual rate and are calculated from unrounded data. 4. Flow data represent changes in the level of credit due to economic and financial activity, and exclude breaks in the data series due to changes in methodology, source data, and other technical aspects of the estimation that could affect the level of credit. 5. Covers most of the captive and non-captive finance companies. The series of finance company car loan terms included in previous releases are discontinued. They remain available from the Data Download Program. 6. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. 7. 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. 8. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing. 9. 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. n.a.=not available.
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