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Not f o r publication BCWRD OF GOVERNOR? OF THE FEDERAL RESERVE SYSTEM L.lt.2 August 8, 1956 MTURITIHS ON AUTOMOBILE INSTAttiENT LOANS* (In per cent) Maturities New cars 2h months or l e s s 25-30 months 31-36 months Over 36 months Total Used Car s i / 12 months or l e s s 13-18 months 19-21* months Over 21* months Total Total May June 31.3 25.5 1*2.7 0.5 32.it 25.1 1*2.1 0.1* Purchased paper May June 2lt.9 2h.O 5.0. L 0.7 100.0 100.0 100.0 22.8 2U.9 39.li 12.9 21.3 25.8 140.5 12.1* 22.0 21.0 f 39.3 TOM 100.0 ioo.o Direct loans June May 26.4 23.7 1*9.6 0.5 1*7.0 29.0 23.9 1*6.8 213.3 2lt.7 0.2 100.0 20.lt 2l*.9 1*0.5 llt.2 25.9 28.9 39.9 25.2 29.3 1*0.9 1*.6 100.0 - 0.1 100.0 r o c c o 100.0 1 0 0 . 0 The collection of down payment information, previously shown in t h i s r e l e a s e , i s being discontinued. Data r e l a t i n g instalment loans t o dealer cost will be substituted when the sample of banks reporting t h i s information i s adequate, l / F i g u r e s are predominately f o r l a t e model used cars but include data from a few banks f o r a l l used c a r s . NOTE: Based on data from i d e n t i c a l sample of 65 banks f o r May and June covering about 19,000 contracts on new cars, 13,000 purchased and 6,000 d i r e c t , and 62 banks covering 16,000 contracts on used cars, 13,000 purchased and 3,000 d i r e c t . Since composition of sample changes from month to month, data are not s t r i c t l y comparable with previous r e l e a s e s .
@FedFRASER