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Not for publication L.4.2 BOARD OF GOVERNORS. OF THE FEDERAL RESERVE SYSTEM August 9, 1957 DECONTROLLED AFTER SIX MQBii&IUBITTES ON AUTOMOBILE INSTALMENT LOANS JUNE 1957 AND MAY 1957 (In per cent) Maturities Total May June Purchased Paper May June New cars 24 months or less 25-30 months 31-36 months Over 36 months Total 31.9 28.6 39.1 0.4 100.0 34.1 28.3 37.4 0.2 100.0 23.8 26.4 49.3 0-5 100.0 Used cars 1/ 12 months or less 13-18 months 19-24 months Over 24 months Total 19.5 23.9 41.7 14.9 100.0 20.1 23.4 42.1 14.4 100.0 15.9 21.1 43.5 100.0 25.8 26.5 47.4 0.3 100.0 16.8 20.5 43.9 18.8 . 100.0 Direct loans May June 52.2 34.0 13.7 _o^i 100.0 53.4 32.5 14.0 _0JL 100.0 27.4 29.9 37.8 27.1 29.5 38.1 100.0 • 100.0 1/ Figures are predominately for late model used cars but include data from a few banks for all used cars. NOTE: Distributions are based on tabulations of data from 114 banks for May and June and are not Intended to be estimates for all commercial banks. In June reports covered about 23,000 contracts on new cars, 16,000 purchased and 7)000 direct, and 20,000 contracts on used cars, 14,000 purchased and 6,000 direct. Since composition of the group of banks changes from Baitb to month, data are not comparable with previous releases. For distribution according to maturities end contract balance as a percentage of dealer cost, see other side. Not for publication L.4.2 DEALER COST RATIOS AMD MATURITIES ON AUTOMOBILE INSTALMENT LOANS JUNE 1957 AND MAY 1957 (In per cent) Contract balance as percentage of dealer cost 1/ 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 24 months or less May NEW CARS V.aturities Over 36 31-36 months months June | May June | May 1 Purchtased p aper and direct lo 25-30 months June I May 1:2 11 Vx 9.7 4.4 1.3 0.5 34.1 1.1 0.6 1:1 35.9 29.6 9.4 6.4 9.4 3.2 0.7 29.1 8.1 7.8 8.6 8.0 12.4 11.8 4.8 5.4 2.1 1.9 0.1 0.1 0.1 0.1 36.0 0.3 0.1 34.9 Total May June 39-6 22:2 25.3 5* 100.0 40.7 20.2 26.2 9-7 3.2 100.0 1 USED CARS Maturities 19-24 months June | May June | May 11 Contract balance 12 months as percentage of or less dealer cost l/ 2/ June May Over 24 months June | May Total May June Purchiased 5taper and dir ect loans 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total u li 1:1 3.1 1.5 2.0 8.9 2.4 3-2 1.7 1.9 4.5 2.3 2.2 5.2 2.2 1.8 17-7 18.1 22.4 22.9 tl 1:1 4.6 3.7 2.8 4.0 2.9 1.7 2.4 2.2 4.5 2.8 2.1 34.6 19.4 23.7 12.4 9.9 33.3 18.6 24.6 13.1 10.4 45.0 15.1 14.0 100.0 100.0 13.0 10.0 12.1 44.8 1/Contract balance does not include finance and insurance charges. 2/Dealer cost represents "average wholesale," "as is," "or "buying value" as indicated by used car guides. j •Less than one-tenth of one per cent. j NOTE: Distributions are based on tabulations or data from 80 banks for May and June and are not intended to be estimates for all commercial banks. In June reports covered about 14,000 contracts on new cars, 10,000 purchased and 4,000 direct, and 12,000 contracts on used cars, 8,000 purchased and 4,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases.
@FedFRASER