The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Not f o r p u b l i c a t i o n L.4.2 k' BOARD OF GOVERNORS OF (THE FEDERAL RESERVE SYSTEM A p r i l 7 , 1959 DECOOTBQM). AFTER, SIX '.TIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY' 1959 AND JANUARY 1959 ; ( P e r p e r i t a g e . d i s t r i b u t i o n of c o n t r a c t s ) -Maturities Total • Feb. Jan; Purchased Pa]aer Feb,. • Jan. • New c a r s . .24 months .or l e s s . 25-36 months' 3 1 - 3 6 months Over 36 months Total 24.9. . 33.8 ••3.2.3 1 5 . 6 * • 1 4 . 6 . . \ 13.0. 61.5 51.4 , 51.7 . 0;6 0.4 • 0.2 100.0 100.0 100.0 Used c a r s . l / 12 months o r l e s s - 13-Q.8 ,months 19-24 months ! Over 24 months Total 41.6: ,_21£ . 100.0 17.9; 17.7 18.9 41.4 22.0 100.0 13.4 15.041.9J & l 100.0 . . 26.3 i f 12.4 : 61:0 0.3 100.0 . Feb. Direct Loans 46.1 20.5 33-3' . 0.1 100 io 1 * 1 2 . 8 : .25:9 ' :: 2 4 : 9 ; .',,#.5.0 : . 4 2 . 8 " • .41.0 ' • 8.2 •-29.4 .100.0 :10Q,0 Jan. : 48.1 18.7 33.1 0.1 100.0 26.5 25.8 39.1 8.6 100.0 ^ F i g u r e s a r d p r e d o m i n a t e l y f o r l a t e model u s e d c a r s j b u t i n c l u d e d a t a f r o m a few:banks f o r a l l u s e d ' c a r s . ; • NOTE: D i s t r i b u t i o n s a r e "based on t a b u l a t i o n s 'of- d a t a f r o m 135 b a n k s f o r J a n u a r y and F e b r u a r y and a r e n o t i n t e n d e d t o be e s t i m a t e s f o r , ^11 commercial b a n k s . • I n F e b r u a r y r e p o r t s covered a b o u t 2 6 , 0 0 0 c o n t r a c t s oq nex* c a r s , 1 7 , 0 0 0 p u r c h a s e d and 9 , 0 0 0 d i r e c t , and 22;000 c o n t r a c t s on u s e d c a r s , 14;,00b p u r c h a s e d and 8 , 0 0 0 d i r e ' c t * S i n c e . , c o m p o s i t i o n of t h e group of banks changes f r o m month t o month, data, a%e n o t comparable w i t h p r e v i o u s r e l e a s e s . F o r d i s t r i b u t i o n a c c o r d i n g t o m a t u r i t i e s and c d n f c r a c t ^ ' a l i n d e r s e *a p e r c e n t a g e pf d e a l e r c o s t , s e e f o l l o w i n g ' p a g e s . - •? ...» Not f o r p u b l i c a t i o n L.4.2 • 2 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBHJARY 1959 AND JANUARY 1959 NEW CARS Contract balance as percentage of dealer cost l / (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities . 24 months Over 36 25-30 31-3.6 or l e s s months months months Feb. 1 J a n . Feb. 1 J a n . Feb. I Jan. Feb. 1 J a n . Total Feb. 1 Jan. PURCHASED PAPER / 8056 or l e s s 81# to 90% 91$ t o 100# 101# t o 110# Over 110# Total 16.1 4.1 3.4 1.1 0.5 16.4 4.2 3.4 1.4 0.8 4.4 3.3 2.7 2.2 0.8 4.4 2.1 3-4 1-7 0.8 13-4 12.8 19.1 10.6 5.3 11.7 13.9 20.8 10.1 4.7 0.1 0.1 25.2 26.2 13.4 12.4 61.2 61.2 0.2 0.1 34.0 20.2 25.3 13.9 6.6 32.5 20.2 27.7 13.2 6.4 0.2 100.0 100.0 54.5 19.O 18.5 4.2 3.8 53.4 21.6 16.6 4.7 3.7 0.1 DIRECT LOANS 31-5 7-9 5-8 1.0 1.3 30.4 9.0 5-7 1.1 1.9 12.6 4.9 4.7 0.8 0.2 10.8 5.8 4.7 0.9 0.3 10.4 6.2 8.0 2.4 2.2 12.2 6.8 6.2 2.7 1.5 * * Total 47.5 48.1 23.2 22.5 29.2 29.4 0.1 100.0 100.0 80# or l e s s 81# to 90# 91# t o 100# 101# t o 110# Over 110# 20.9 5-3 4.1 1.1 0.8 20.5 5.6 4.1 1.3 1.2 6.9 3.8 3.3 1.8 0.6 6.3 3.2 3.8 1-5 0.6 12.5 10.8 15.7 8.0 4.3 11.9 11.8 16.4 7-9 3.8 0.1 40.3 19.9 23.2 10.9 5.7 38.7 20.6 24.4 10.7 5.6 32.2 32.7 16.4 15.4 51.3 51.8 0.1 100.0 100.0 80# or l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# TOTAL Total 0.1 * * 0.1 * Less than one-tenth of one p e r c e n t . NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of data from 79 banks f o r January and February and a r e n o t intended t o be estimates f o r a l l commercial banks. I n February r e p o r t s covered about 13,000 c o n t r a c t s on new c a r s , 9,000 purchased and 4,000 d i r e c t . Since composition of the group of banks changes from month to month, data a r e not comparable with previous r e l e a s e s . tZ. Not f o r p u b l i c a t i o n - 3 DEALER COST RATIOS -A-1D MATURETIFS ON AUTOmBILE INSTALMENT LOANS (continued) L.it.2 FEBRUARY" 1959 AND JANUARY 1959 USED CARS Contract balance as percentage of wholesale value 1 / 2/ 12 months Feb. Jan. 13-18 months Feb. 1 Jan. Maturities 19-2U months Feb. j Jan. Over 2it months Feb. j Jan. Total Feb. 1 Jan* PURCH/.SED PAPER 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 22.-317.3 25.it 19.1 9*1 10.3 8.1 8.5 11.7 11.6 7.6 8.9 6.6 JjJ? b5 5.7 8.9 6.2 u. 5.0 6.0 9.0 5.7 jt.J Lit.6 29.it 30.it I6.it 8.9 8.9 3.0 1.7 3.1 1.5 1.6 0.7 l.it 2.0 2.0 2.5 1.0 0.8 38.9 8.3 8.3 it.O Li 6.2 it.i 3.9 it*?-" 6.7 it.l _k3. 33.it -•17% 3^23.0 13*9 12jt 22.7 100.0 it. 6 1.2 2.3 1.9 h i it.O 1.9 1.8 1.7 1.8 it.l 2.3 2.5 2.1 jU 5.1 2.3 2.3 2.0 2.1 11.9 11.2 13.lt 13.8 17.8 3.3 2.it 0.7 1.0 18.0 2.8 2.9 0.7 0.5 12.2 15.6 ' 18.9 8.1 It. 5 it. 3 it.9 5.3 10.0 1.6 1.1 2.7 1.0 1.1 3.1 22.2 2it* 9 23.7 it2.8 IS- 3 2it.it 18.7 2it. 7 17.0 1^.2 ilOO.O 100.0 DIRECT LOANS 80% o r l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 27.9 52.0 17* U 18.9 5.2 6.5. 100.0 52.0 18.0 19*6 6.3 Jul 100*0 TOTAL 80% o r l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 9*5 -2.0 2.it l.it 1.5 16.8 8.8 7.1 2.2 - 3*12.2 3. U 1.8 l.it W 15.9 17.3 8.8 3.0 3.3 1.8 1.8 18.7 12.8 12.it i 8 . 1 - 8.6 11.0 10.7 6.6 6.0 5.9 iiQitit.it it2.7 21*5 33.9 18.5 22.9 3-3.3 ll.it 100.0 2 / I-Jholesale value r e p r e s e n t s "average wholesale," "as i s , " "or buying value" as i n d i c a t e d by used c a r guides* NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s of data from 79 banks f o r January and February and are not intended to be estimates f o r a l l commercial banks* I n February r e p o r t s covered about 10,000 c o n t r a c t s on used c a r s , 6,000 purchased and it,000 d i r e c t . Since composition of the group of banks changes from month to TOnth, data are not comparable with previous r e l e a s e s .
@FedFRASER