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Not for publication BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM t"k.2 July 13, 1956 DOWN PAYMENTS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS D K o a m o u - M ' m m "sll W M M 1956 ABB APRIL B>56 ® New Cars (In per cent) Down payment as percentage of celling price * Maturities months 31-36 25-30 or less aonths months May | Apr. May I Apr7 "ay I Apg. Over 36 months May | Apr< Total May | koF0 Purchased paper and direct locns Less than 25% 25% - 32% 33% or more . Total fcl 27.9 2.8 2el h lw6 '7.0 27.5 IU08 11.3 15.6 28.0 2*8 10.9 27.7 0.3 0.2 23.9 2U»6 U2.1 U1.U 0.6 k 33»lt 33.5 1.5 7.5 0.1 0=2 0.2 0,1 0.5 6.3 5.9 22,7 23.1 71.0 71.0 3.00c 0 100.0 Purchased paper Less than 25% 2 % - 32% 33% or more Total 1,U 1.6 2.8 8.2 h02 U»8 21.3 20.9 11.3 2o0 3o9 9*1 15.3 11.9 30.8 26.9 27.3 22.3 23*0 50.O ito 0 15.0 30il 0,2 1*9.1 0.8 0.6 0.3 0.3 ::: 0.2 8,3 23oO 63.7 7,8 29.1 63.1 100.0 100.0 Direct loans Less than 25% 25% - 32% 33% or more Total ti 0«8 0.8 0.5 0.3 0»U 0 U.2 3.9 2.2 1.6 0.1 U.3 U2.U U2.2 22. U 2U.0 22.1 22.2 0.1 U7.8 U7.3 27.U 28.U 2U.6 2 lie 2 0.1 0 0 0.2 0.1 2.0 1.8 11.0 87.0 9.8 88.lt 100.0 100.0 NOTE — Based on data from identical sanple of 65 banks for May and April covering about 19,000 contracts, 13>000 purchased and 6,000 direct. Since composition of sample changes from month to month, data are not strictly comparable with previous releases. 8 . E L.U.2 — 2 Used Cars (In per cent) Down payment ~as percentage of selling price 12 months or 'lees May | Apr. Maturities 13-18 19-2U • months months May j Apr. May | Apr. Over 2U months May | Apr, Total Kay 1 Apr B Purchased ;paper and di:rect loans • 1.8 •v 6,7 7.0 20.1 21.0 U.7 73.2 72.0 5.9 H s s than 25% 2 ^ - 32% 33% or more 1.1 2.3 16.5 1.2 2.8 19.U - 1.2 1.3 2.5 U.2 U.l 9.5 19.5 19.7 30.8 2.7 9»U 2 7.0 1,9 U.l 6.U Total 19.9 23.U 2U.9 25.1 39.1 12„U Less than 25% 25% - 32% 33% or more 1.0 2.U 15. U 1.1 3.1 18.6 1.1 U.6 18.1 1.3 U.8 18.1 2a9 10.6 29.6 3.0 10.8 25,0 2.2 U.8 7,3 2,1 5.5 6.6 Total 18.8 22.8 23.8 2U.2 U3.1 38.8 1U.3 1U.2 100,0 100.0 Less than 25% 25% - 3 2 % 33% or more l.U 1.5 21.2 1.6 1,8 22.3 l.U 2.6 25.6 1.3 1.8 25.3 1.2 U.9 35.7 1.6 U.5 3U.3 0.6 1.2 . 2.7 0.7 l.U 3.U U.65*2 10.2 9.5 85.2 65.3 Total 2U.1 25.7 29.6 2&.U Ul.8 Uo.U U.5 5.5 ioo.o ioo.o U2.8 12.U 100*0 100.0 Piirchased pap<sr 7.2 22,U 70,U 7.5 2U,2 68o3 IDirect loans • A ' N3TE — Based on data from identical sample of 65 banks for May and April covering about 16,000 contractsj 3,3,000 purchased and 3>000 direct0 Since composition of sample changes from month to month, data are not strictly comparable with previous releases. Figures are predominately for. late model used cars but include data from a few banks for all used cars.
@FedFRASER