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FINANCE COMPANIES |
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ASSETS AND LIABILITIES OF FINANCE COMPANIES, 2003-2007 (1)
($ billions, end of year)
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2003 |
2004 |
2005 |
2006 |
2007 |
| Total financial assets | $1,679.5 | $1,858.0 | $1,856.9 | $1,891.3 | $1,910.1 |
| Checkable deposits and currency | 37.1 | 40.6 | 44.2 | 44.2 | 44.2 |
| Credit market instruments | 1,204.9 | 1,419.8 | 1,537.1 | 1,626.8 | 1,636.6 |
| Other loans and advances | 441.7 | 451.5 | 479.2 | 498.0 | 519.5 |
| Mortgages | 370.2 | 476.0 | 541.4 | 594.4 | 533.3 |
| Consumer credit | 393.0 | 492.3 | 516.5 | 534.4 | 583.9 |
| Miscellaneous assets | 437.4 | 397.5 | 275.6 | 220.3 | 229.3 |
| Total liabilities | $1,674.9 | $1,864.3 | $1,828.3 | $1,876.8 | $1,896.4 |
| Credit market instruments | 995.3 | 1,129.6 | 1,108.6 | 1,144.2 | 1,169.1 |
| Open market paper | 145.1 | 175.3 | 160.0 | 165.3 | 158.5 |
| Corporate bonds | 743.2 | 817.4 | 806.5 | 849.6 | 837.3 |
| Other bank loans | 106.9 | 136.9 | 142.1 | 129.2 | 173.3 |
| Taxes payable | 13.2 | 15.0 | 17.1 | 19.3 | 21.8 |
| Miscellaneous liabilities | 666.4 | 719.6 | 702.7 | 713.4 | 705.4 |
| Foreign direct investment in U.S. | 68.1 | 71.4 | 84.5 | 100.0 | 109.6 |
| Investment by parent | 202.8 | 257.7 | 312.2 | 338.5 | 326.4 |
| Other | 395.4 | 390.5 | 306.0 | 274.8 | 269.4 |
| Consumer leases not included above (2) | 79.0 | 74.1 | 85.3 | 106.0 | 122.9 |
(1) Includes retail captive finance companies.
(2) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset.
Source: Board of Governors of the Federal Reserve System, June 5, 2008. |
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