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Not f o r publication L.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DECONTROLLED, AFT' MATURITIES ON AUTOMOBILE INSTALMENT LOANS NOVEMBER 1957 AND OCTOBER 1957 (Percentage d i s t r i b u t i o n of contracts) . Maturities New cars 24 months or l e s s 25-30 months 31-36 months Over 36 months Total Used cars l / 12 months or l e s s 13-18 months 19-24 months Over 24 months Total Total Purchased Paper Oct. . Oct. Nov. 34.5 20.8 43.7 31.9 21.9 45.9 26.2 19.3 io§;-§ Io§3 % 100.0 •18.7 .23.8 43.6 19.2 22.8 44.9 J ^ l 100.0 Nov. iMto Nov. Direct loans Oct. : $l.k 24.0 19.8 55.8 53.1 24.3 22.6 100.0 100.0 100.0 15.9 15.3 ; 20.3 20.7 46.0 . 46.7 18,0 17.1 100.0 100.0 24.9 29.8 39-2 6.1 100.0 26.3 28.1 41.2 4.4 100.0 oA 26.9 21.7 *Less than oge-tenth of one per cent. l/Figures 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 cars. NOTE; * Distributions are based on tabulations of data from 13Q banks f o r October and November and are not intended to be estimates f o r a l l commercial banks. I n November reports covered about 24,000 contracts on new cars, 17,000 purchased and 7,000 d i r e c t , and 20,000 contracts ..on used cars, 13 ,000 purchased and 7,000 d i r e c t . Since composition of the group of banks changes from month to mdnth, data are not 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 maturities and contract balance as a percentage- of dealer cost, see following pages. Not f o r p u b l i c a t i o n L.U.2 - 2 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS '•NOVEMBER 1957 AND OCTOBER 1957 NEW CARS Contract balance as percentage of d e a l e r cost l / • 24 months or l e s s Nov. Oct. ' Maturities ' I Over 3b 31-36 25-30 : months-. I . months mon-ths: I Nov. | Oct. I Oct. Nov. Nov. Oct. - - 80% or l e e s 81% to 90% 91% to 100%. 101% t o 110% Over 110% Total Total Nov. I Oct. ' iPURCEASED PAPER J.7.4. ..16.7 4.0 4.8 3.1 0.8 018 0.2 0.3 27.2 24.8 7 . 0 . ' 7 . 4 ; 12.6 11.7 18.5 2:2 2.4 2.1 5-7 2.0 1.1 •1,1 22,1 22.5 50.5 14.2 15.3 ' Ye 0.1 0.1 0.1 0.2 ; 2,1 52.4 3 7 . 1 • 38.4 21.8- —21.8 2 6.6 29.1 0.2 • J i 0.3 100.0 100.0 55.3 21.1 t ; 1.1 55.7 21.3 19.0 2.9 1.1 100.0 100.0 DIRECT LOANS 80% or l e s s 81% to 90% 9.1% t o 100% 101% t o 110% Over 110% Total 13.6 5.8 6.8 2.0 36.0 12.0 6.4 1.3 JX6 35.6 10.9 6.7 1.2 _0J2 56.3 54.6 — 28-5 22.5 6.8 4.6 0.9 0:5 21.5 8.8 35.3 32,3 5:1 0.9 -0J! 5.7 3-3 4.9 1.1 0.2 6.4 3.3 3-9 0.8 M 30.8 15-2 14.6 13.7 * * * *• * TOTAL . 80% or. l e s s 81% to. 90% 91% to 100% .101% t o 110% ; Over 110% Total 6.11 10-7 12.3 . , 9 , 4 ,10.0 . 13 ,8 -I:? 2.1 2.1 5 d :, 0.8 . 1 . 0 •1.5 •K 0.9 0.2' i / o u u u - i cav v 8.9 23:8 24,6 , , J1 —- : V 49.7 . 4 2 . a *'"0,2 . / o : 3 42.1 21.6 26.1 7.4 2.8 : lbo.o -• • •; 42.8 21.6 24.7 '8.1 2.8 ioo.o *Less than one-tenth of one p e r c e n t . : ,.y ; = ^ : NOTE' D i s t r i b u t i o n s a r e baaed on t a b u l a t i o n s of data from 89 banks f o r from month t o month, data a r e n o t comparable with previous r e l e a s e s . Mot f o r publication. - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) NOVEMBER 1957 AND OCTOBER 1957 USED CARS .(Percentage d i s t r i b u t i o n of contracts) Maturities Contract balance 12 months I 13-18 19-24 Over 24 as percentage of or l e s s 1 months months months wholesale value 1 / 2 / Nov. |0ct. I Nov. 1 Oct. Nov. 1 Oct. Nov. I Oct. Total Nov. 1 Oct. FURCHJ\SET> PAPER 80# or l e s s 81$ to 90$ 91# to 100$ 101# to 110$ Over 110$ Total 5.6 1.9 2.9 1.0 - M 5.4 1.8 3.1 0.9 1.8 6.9 3.9 4.9 2.1 2.7 6.6 3.2 4.4 2.3 2.8 12.3 10.5 13.3 5.4 6.1 12.2 10.8 13.6 6.8 6.8 4.9 3.8 5-3 2.4 2.3 4.3 3.1 4.-9 2.6 2.6 13.2 13.0 20.5 19.3 47.6 50.2 18.7 17.5 15.7 3.2 3.0 0.4 0.8 16.3 19.9 2.4 4.3 3.8, 5.6 0.8 1-5 0.9 1.3 16.1 17.5 4.6 7-6 5.0 10.3 3.2 1.5 1.2 - M 16.9 8.9 8.6 5.9 2.8 1.9 0.8 1.1 0.3 0,3 0.9 1.1 1.4 0.2 55-0 15.9 20.0 5.4 50,2 17.0 18.8 8.4 5.6 23.1 24.2 28.4 43.1 4.4 4-3 , 100.0 100.0 14.2 9-5 12.2 4.7 4.3 13.7 10.2 11.9 6.6 5.5 3-9 2.7 3.8 1.6 1.6 3.2 2.4 3.8 1.8 1.9 22.3| 44.9 47.9 13.6 29.7 20.1 26.4 10.9 12.9 28.5 18.9 26.0 12.6 100.0 jlOO.Q DIRECT LOANS 80$ or l e s s 81$ to 904 91$ to 100$ 101$ to 110$ Over 110$ Total 32.6 39.9 TOTAL 80$ or l e s s 81$ to 90$ 91$ to 100$ 101$ to 110$ Over 110$ Total 9.1 2.4 2.9 0.8 1-5 9 . 1 i 1L.5 2.0 4,0 ?.3 5-2 0.8 1.9. 2.2 1.5 16.7 16.7 j 24.8 9-7 3.7 4.6 2.0 2.3 ! 38.7 18.6 24.1 9.0 9-6 35.7 18.3 23.6 11.2 13.1 100.0 100.0 1/Contract balance does not include finance and insurance charges. 2/t/holesale value represents "average wholesale," "as i s , " "or buying value" as indicated by used car guides. NOTE: Distributions are based on tabulations of data from 89 banks f o r October and November and are not intended to be estimates f o r a l l commercial banks. In November r e p o r t s covered about 11,000 contracts on used cars, 7,000 purchased and 4,000 d i r e c t . Since composition of the group of banks changes from month to month, data are not comparable with previous r e l e a s e s .
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