III - Receivables

FINANCE COMPANIES

TOTAL RECEIVABLES OUTSTANDING AT FINANCE COMPANIES, 2003-2007 (1)

($ billions, end of year)

	2003	2004	2005	2006	2007
Total	$1,624.1	$1,795.4	$1,910.9	$2,026.2	$2,061.8
Consumer	686.1	743.9	781.4	825.4	893.5
Real estate	400.6	501.3	565.0	614.8	569.8
Business	537.4	550.2	564.5	586.0	598.6
(1) Includes finance company subsidiaries of bank holding companies but not of retailers and banks. Includes owned receivables (carried on the balance sheet of the institution) and managed receivables (outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator). Source: Board of Governors of the Federal Reserve System.

TOTAL RECEIVABLES OUTSTANDING AT FINANCE COMPANIES BY CATEGORY,
2003 AND 2007 (1)

(1) Includes finance company subsidiaries of bank holding companies but not of retailers and banks. Includes owned receivables (carried on the balance sheet of the institution) and managed receivables (outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator).

Source: Board of Governors of the Federal Reserve System.

BUSINESS RECEIVABLES OUTSTANDING AT FINANCE COMPANIES, 2003-2007

($ billions, end of year)

						Percent of total
	2003	2004	2005	2006	2007	2003	2004	2005	2006	2007
Total	$537.4	$550.2	$564.5	$586.0	$598.6	100.0%	100.0%	100.0%	100.0%	100.0%
Motor vehicles	69.6	84.8	105.5	105.1	105.7	13.0	15.4	18.7	17.9	17.7
Retail loans	15.7	15.1	15.2	17.1	16.4	2.9	2.7	2.7	2.9	2.7
Wholesale loans (1)	39.3	44.9	61.2	55.7	56.9	7.3	8.2	10.8	9.5	9.5
Leases	14.6	24.8	29.0	32.3	32.4	2.7	4.5	5.1	5.5	5.4
Equipment	284.3	273.4	281.9	299.5	319.4	52.9	49.7	49.9	51.1	53.4
Loans	88.0	87.8	93.6	102.4	106.1	16.4	16.0	16.6	17.5	17.7
Leases	196.3	185.6	188.3	197.1	213.3	36.5	33.7	33.4	33.6	35.6
Other business receivables (2)	87.8	93.3	91.8	93.5	94.4	16.3	17.0	16.3	16.0	15.8
Securitized assets (3)	95.6	98.6	85.4	88.0	79.1	17.8	17.9	15.1	15.0	13.2
Motor vehicles	48.4	44.8	28.8	38.0	33.6	9.0	8.1	5.1	6.5	5.6
Retail loans	2.2	2.2	2.7	3.0	2.6	0.4	0.4	0.5	0.5	0.4
Wholesale loans	44.2	40.6	26.0	34.9	30.9	8.2	7.4	4.6	6.0	5.2
Leases	2.1	2.0	0.1	0.1	0.1	0.4	0.4	(4)	(4)	(4)
Equipment	22.1	23.6	24.4	15.4	13.1	4.1	4.3	4.3	2.6	2.2
Loans	12.5	11.5	11.6	9.9	9.2	2.3	2.1	2.1	1.7	1.5
Leases	9.6	12.1	12.8	5.5	3.9	1.8	2.2	2.3	0.9	0.7
Other business receivables (2)	25.1	30.2	32.2	34.6	32.4	4.7	5.5	5.7	5.9	5.4
(1) Credit arising from transactions between manufacturers and dealers, also known as floor plan financing. (2) 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. (3) Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. (4) Less than 0.1 percent. Source: Board of Governors of the Federal Reserve System.

CONSUMER RECEIVABLES OUTSTANDING AT FINANCE COMPANIES, 2003-2007

($ billions, end of year)

	2003	2004	2005	2006	2007
Total consumer	$686.1	$743.9	$781.4	$825.4	$893.5
Motor vehicle loans	250.1	298.3	278.0	259.8	262.9
Motor vehicle leases	79.0	74.1	85.3	106.0	122.9
Revolving (1)	45.3	50.4	66.3	79.9	86.0
Other (2)	97.7	143.7	172.3	194.7	234.9
Securitized assets (3)	214.0	177.4	179.5	185.1	186.7
Motor vehicle loans	123.7	98.2	112.6	112.8	113.3
Motor vehicle leases	5.5	4.8	4.2	3.6	3.1
Revolving	33.8	23.1	14.9	15.9	25.6
Other	51.0	51.3	47.8	52.8	44.7
(1) Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. (2) 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. (3) Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. Source: Board of Governors of the Federal Reserve System.

REAL ESTATE RECEIVABLES OUTSTANDING AT FINANCE COMPANIES, 2003-2007

($ billions, end of year)

	2003	2004	2005	2006	2007
Total real estate	$400.6	$501.3	$565.0	$614.8	$569.8
1 to 4 family	320.2	422.0	489.8	538.1	474.2
Other	50.0	54.0	51.6	56.2	59.1
Securitized real estate assets (1)	30.5	25.3	23.7	20.5	36.5
1 to 4 family	26.7	21.8	18.9	16.8	34.9
Other	3.8	3.5	4.8	3.7	1.6
(1) Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. Source: Board of Governors of the Federal Reserve System.