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v : Not f o r p u b l i c a t i o n LA.2 " -; < : BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ' " F e b r u M 7 u > 1 9 5 8 MATURITIES ON AUTOMOBILE INSTALMENT LOANS v DECEMBER 1957 AND NOVEMBER • 1957" '* : ."v.. " ; (Percentage, d i s t r i b u t i o n of contracts). Maturities \ 33:2 22.1 '4?i7 1.0 100.0 28.0 19-1 52.3 . 0,6 100.0 3 iff k O OVO Dec. s : 1 S 41.4 0.5 . Used, c a r s l / . 12. months or l e s s 13-18 morths 19-24 months Over 24 months Total • • Purchased. V . Paper Nov. ... T o t a l . . Nov. Dec. . 20.2 22.2 40.0' 17.6 ido.6 ' 18.8 23.6 42.7 14.9 100.0 • si 100.0 16.2 15.6 • 20.5 19.1 4 4.7 41.2 19.2 23.5 T o o ^ . • .•..100.0 .. Dec. direst loans 1 Nov. 55.%: 25.O . 19.5 0.1 : i 100.0 51.7 26.8 21.5 •X * 100.0 28.2 ; 25,1 28.4 •:29s7 37-6 • : 38.8 ' 6.4 .553" 100.0 — l / p l g u r e a a r e predominately f o r l a t e model used care "but include d a t a from a fexT*banks f o r a l l used 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 data from 136 banks f o r November and December and a r e n o t Intended t o be e s t i m a t e s ' f o r a l l commercial banks, i n December r e p o r t s covered about 23,000 c o n t r a c t s on.new c a r s ; 15,000 purchased and 8,000 d i r e c t , and 20,000 c o n t r a c t s on u s e d - c a r s , 13,000 purchased and 7,.000 d i r e c t . Since composition .of the group of banks • changes from month t o month, data a r e n o t comparable with previous r e l e a s e s . . For d i s t r i b u t i o n according t o m a t u r i t i e s and c o n t r a c t balance as a p e r c e n t a g e o r d e a l e r copt,. see following pages; . . .. ... Not f o r p u b l i c a t i o n - LA.2 2 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS DECEMBER 1957 AND NOVEMBER 1957 NEW CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) C o n t r a c t balance a s p e r c e n t a g e of dealer cost l / Maturities 24 months 25-30 31-36 less months months Dec. InSv. jDec. i Nov. Dec. iNov. ! Over 3b l months i'-Doc., | Nov. Total Dec. I Nov. PURCHASED PAPER 80# o r l e s s 81% t o 90% 91# t o 100# 1 0 1 % to 1 1 0 % Over llOjb 16.6 4.5 3-5. 1.0 0.3 28.9 25.9 7.5) 6.8 5.4: 5.6 6.5 7-3 2.5 2.6 O.81 1 . 1 I 22.71 23.4 38.9 11.1 7-9 1.3 1.1 34.3 11.7 6.4 1.5 0.8 11.8| 6.4) 6.6; 1-7 0.3 1 60.5 .54.7 2 6 . 8 | 31.2 10.9 10.5 15.2 7-7 3.5 47.8 11.9 10.9 17.8 6.6 3.3 I ^ 1 R Total 16.7 5.0 5-0 1.6 0.6 j 0.1 I * 0.4 | 0 . 1 0.2 * 35-1 20.0 27.1 12.0 4.9 i — 1 | 0 . 6 | 0 . 2 j 100.0 35-4 21.0 28.7 10.2 JhJ 100:0 DIRECT LOANS 80% o r l e s s 8 1 % t o 90% 9 1 # to 1 0 0 # 101# t o 110# Over 110# Total 14.1 7.4 7.3 2.1 • 0.3 4.6 2.7 3.2 1.7 0.3 5-2 3.2 4.4 1.1 0.2 0.2 i 12.5 14.1 0.2 ! * • * * * 1 * I * 1 * r * : i 55.5 20.2 17.7 4.7 1-9 53.6 22.3 18.1 4.7 • 1.3 100.0 100.0 TOTAL 40.2 0.1 41.3 8.7 8.8| 9.0 10.1 21.4 8.1 8.8 20.7 5.7| 6 . 1 24.3 25.8 6.6; 7-3 11.5 14.2 0 . 3 8.8 2.2j 2.5 9.8 5.2 0.2 5-9 0.7i 0 . 9 3.8 2.5 2.5 3.9 j 100.0 100.0 0.1 Total 38.5 3 3 . 6 2 4 . 0 | 2 5 . 5 37-0 4 0 . 8 0 . 5 l i 1 / C o n t r a c t b a l a n c e does n o t i n c l u d e f i n a n c e and i n s u r a n c e c h a r g e s . *Less t h a n o n e - t e n t h of one p e r c e n t . NOTE: D i s t r i b u t i o n s e r e based on t a b u l a t i o n s of d a t a from 90 banks f o r November and December 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 a l l commercial banks. I n December 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 t h e group of banks changes from month t o month, d a t a a r 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 . 80# o r l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# 23.5 6.9 5.9 1-5 21.3 6.5 4.3 1.1 .OA Not f o r p u b l i c a t i o n L.4.2 - 3 DEALER COST RATIOS AMD MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) DECEMBER 1957 AND NOVEMBER 1957 USED CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities C o n t r a c t balance Over 24 12 months 19-24 13-•18 a s p e r c e n t a g e of or l e s s months months i months wholesale value l / 2.f Dec. 1 Nov. j Dec. I Nov. Dec. 1 Nov. Dec. T Nov. Total 1 Dec. I Nov. PURCHASED PAPER 80# o r l e s s 81# t o 90% 91# to 100# 101# t o 110# Over 110# Total 6.0 2.2 3.4 2.0 2.0 15.6 5.4 ! 5-5 1.8 3.4 2.9 1 4.6 1.6 I 2.3 l4.0 l-H 119.0 10.4 9.6 13.3 5.9 JL* 4.7 4.1 7-1 4.7 JL5 4.4 3.7 6.1 3.3 JL§ 26.3 18.0 26.8 14.9 14.0 26.5 18.5 27.2 13.4 14.4 20.3 1 4 1 . 3 4 5 . 4 24.1 20.3 100.0 100.0 6.3 3.4 4.9 2.6 3^1 10.1 8.3 11.7 5-9 5.3 DIRECT LOANS 80# or l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# Total | 15.5 17.1 3.3 3.3 3.0 3.7 0.8 0.5 _1J? , 0 . 8 19.2 4.0 4.8 1.1 JL2 19.0 4.5 5.4 1.5 1.3 26.1 30.0 31.7 23.1 15.4 10.5 8.5 2.5 1.2 17.4 8.4 10.2 3.1 1.3 2.1 1.7 1.0 0.7 M 2.1 0.8 1.2 0.4 0.3 53-8 19.5 18.0 5-1 3.6 54.0 17.0 19.8 5.5 3.7 38.ll 40.4 5.8 4.8 100.0 100.0 TOTAL 80# o r l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# Total 9-7 2.6 3-5 1.6 1.7 8.8 2.3 3.0 1.2 1.7 10.0 3.6 4.6 1.9 2.5 10.5 3.8 5.1 2.2 2.5 11.9 9.0 10.7 4.8 3.9 12.7 9.2 12.2 5-0 4.6 3.8 3.3 5-1 3.4 2.4 3.7 2.8 4.4 2.3 2.0 18.5 23.9 11.7 10.5 35.4 35.7 18.1 24.7 10.7 10.8 19.1 17.0 22.6 24.1 40.3 43.7 18.0 15.2 100.0 100.0 1 / C o n t r a c t b a l a n c e does n o t i n c l u d e f i n a n c e and i n s u r a n c e c h a r g e s . 2/Wholesale value r e p r e s e n t s "average w h o l e s a l e , " " a s i s , " "or buying value" a s i n d i c a t e d by used c a r g u i d e 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 from 90 banks f o r November and December and a r e n o t intended t o be e s t i m a t e s f o r a l l commercial banks. I n December r e p o r t s covered about 11,000 c o n t r a c t s on used c a r s , 7,000 purchased and 4,000 d i r e c t . Since composition of t h e group of banks changes from month to month, d a t a a r e n o t comparable with p r e v i o u s r e l e a s e s .
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