US Finance Company Balance Sheet
Quarterly aggregate balance sheet of US finance companies from the Fed's G.20 release: gross receivables by type less reserves for unearned income and loan losses, cash, securities and other assets on one side, and on the other how the sector funds itself - bank loans, commercial paper, debt owed to parent companies, other debt and equity capital.
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | Q1-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets4 | 2,496.91 | 2,501.48 | 2,484.37 | 2,453.37 | 2,407.57 | 2,407.04 | 2,389.96 | 2,333.71 | 2,313.72 | 2,306.87 | 2,251.51 | 2,211.72 | 2,155.41 | |
| Net receivables | 1,890.25 | 1,903.69 | 1,909.42 | 1,901.09 | 1,891.41 | 1,908.04 | 1,896.01 | 1,883.79 | 1,851.08 | 1,845.69 | 1,815.24 | 1,790.42 | 1,745.76 | |
| Cash and cash equivalents | 54.05 | 46.58 | 59.82 | 58.01 | 58.11 | 49.49 | 51.76 | 44.74 | 53.04 | 63.56 | 51.23 | 50.3 | 46.68 | |
| Securities | 22.96 | 22.74 | 20.43 | 20.76 | 21.23 | 21.04 | 23.51 | 37.23 | 29.14 | 28.29 | 35.33 | 38.35 | 40.89 | |
| All other assets | 529.65 | 528.47 | 494.69 | 473.51 | 436.81 | 428.47 | 418.67 | 367.94 | 380.47 | 369.32 | 349.72 | 332.66 | 322.09 | |
| Gross receivables3 | 1,948.56 | 1,964.28 | 1,970.53 | 1,963.2 | 1,952.88 | 1,970.12 | 1,960.71 | 1,946.32 | 1,911.94 | 1,905.39 | 1,872.55 | 1,846.11 | 1,799.54 | |
| Consumer | 924.73 | 933.2 | 933.87 | 935.82 | 939 | 943.48 | 934.28 | 926.98 | 922.91 | 921.96 | 913.94 | 902.74 | 883.82 | |
| Business | 706.37 | 712.16 | 714.29 | 707.2 | 691.53 | 702.29 | 700.85 | 691.37 | 660.77 | 651.8 | 626.28 | 607 | 577.55 | |
| Real estate | 317.46 | 318.93 | 322.37 | 320.19 | 322.35 | 324.35 | 325.58 | 327.97 | 328.27 | 331.63 | 332.34 | 336.37 | 338.17 | |
| Less: reserves for unearned income | 27.02 | 28.47 | 28.37 | 29.16 | 29.84 | 30.49 | 29.65 | 28.23 | 26.11 | 24.55 | 22.57 | 21.71 | 20.49 | |
| Less: reserves for losses | 31.28 | 32.12 | 32.74 | 32.95 | 31.63 | 31.59 | 35.04 | 34.31 | 34.75 | 35.14 | 34.74 | 33.98 | 33.29 | |
| Total liabilities and capital6 | 2,496.91 | 2,501.48 | 2,484.37 | 2,453.37 | 2,407.57 | 2,407.04 | 2,389.96 | 2,333.71 | 2,313.72 | 2,306.87 | 2,251.51 | 2,211.72 | 2,155.41 | |
| Bank loans | 289.74 | 270.11 | 268.98 | 256.64 | 259.12 | 258.79 | 261.6 | 246.22 | 251.42 | 233.22 | 233.6 | 233.16 | 222.04 | |
| Commercial paper | 57.71 | 57.94 | 57.98 | 65.49 | 59.2 | 67.79 | 57.22 | 66.73 | 60.89 | 76.93 | 69.79 | 68.47 | 60.86 | |
| Debt due to parent | 163.76 | 176.69 | 169.02 | 155.32 | 160.27 | 148.37 | 150.36 | 150.07 | 151.86 | 162.61 | 188.61 | 161.36 | 177.15 | |
| Other debt | 1,149.79 | 1,153.24 | 1,172.6 | 1,168.51 | 1,170.74 | 1,152.9 | 1,160 | 1,131.21 | 1,108.92 | 1,078.81 | 1,043.09 | 1,034.65 | 1,007.79 | |
| All other liabilities | 504.7 | 501.37 | 478.09 | 473.53 | 428.26 | 433.69 | 423.72 | 404.28 | 406.82 | 415.11 | 375.55 | 361.59 | 342.87 | |
| Capital, surplus and undivided profits | 331.21 | 342.13 | 337.7 | 333.88 | 329.98 | 345.51 | 337.05 | 335.2 | 333.81 | 340.19 | 340.88 | 352.49 | 344.71 |
Latest reading
Total assets stood at 2,496.91 Billion USD in Q1 2026. That is −0.2% from Q4 2025 and +3.7% from a year earlier. The series on this page is quarterly and runs from Q1 1943 to Q1 2026. Source: Federal Reserve Board - G.20 Finance Companies.
- Latest
- 2,496.91 Billion USD
- Q1 2026
- vs previous period
- −0.2%
- Q4 2025
- vs a year earlier
- +3.7%
About this data
Quarterly aggregate balance sheet of US finance companies from the Fed's G.20 release: gross receivables by type less reserves for unearned income and loan losses, cash, securities and other assets on one side, and on the other how the sector funds itself - bank loans, commercial paper, debt owed to parent companies, other debt and equity capital. The funding mix shows how dependent nonbank lenders are on banks and short-term markets. Not seasonally adjusted. Source: Federal Reserve Board (G.20).
Frequently asked questions
- What does the finance company balance sheet show?
- It shows total assets, net and gross receivables, cash, securities, reserves for losses, and the liabilities side including bank loans, commercial paper and capital.
- Who publishes this data and how often?
- The Federal Reserve Board publishes it quarterly in the G.20 Finance Companies release, with series on this page from the first quarter of 1943.
- What is the difference between gross and net receivables?
- Gross receivables are loans outstanding before deductions. Net receivables subtract unearned income and reserves for losses, so the gap between them tracks expected credit losses.
- How are finance companies funded?
- Mainly by commercial paper, bank loans and bonds rather than deposits, which is why their funding cost moves with money market conditions rather than with deposit rates.
