primarily serves the consumer lending industry. We distinguish
consumer lending from the more general 'banking' business, as the
latter includes commercial lending and asset gathering which are
very different businesses.
loan growth picked up steam from an abysmal level in the second half
of 2004. After sinking to below 1 1/2%, growth improved to over
4% by year end. Click here for a 5-year view of monthly results, or
here for a 20-year view of quarterly results.
not seen the same decline as revolving, non-revolving loan growth
rates continued a modest rate of decline through 2004. Click here for
a 5-year view of monthly results, or here for a 20-year view of
Fed tapping the brakes, short term rates continue to climb. 10-year
treasuries have barely budged. Click here for a chart of short, medium
and long rates.
rate pattern favors mortgage lenders as their cost of capital tracks
closely (90% correlation) with 10-year treasuries. Credit card lenders
appear to be passing on higher costs. Click here for a chart of
mortgage, auto, and card rate trends.
are a large number of companies in the U.S. engaged directly in the
business of lending money to consumers. We divide these into primary
and secondary lenders. The central focus of primary lenders is
lending. The central focus of secondary lenders is the sale of
merchandise. Note that some of the largest consumer lenders in
the U.S. are secondary lenders. GM, Ford, and GE all own
significant consumer loan portfolios.
segments 541 publicly owned primary lenders based on market capitalization
- Very Large (>$20B), Large (>$1 to $20B),
Medium ($100M to
$1B), and Small (<$100M). Click the segment name for a list
of companies with market capitalization. We include all banks in
these lists even though some of them are only minimally engaged in