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Not for-poblieatiop
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
L.it.2
;
• May 10, 19#.
DOWN PAYMENTS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS
MARCH 1956 AND FEBRUARY 1956
'^BCO^TROLLED A5TEH SIX
lfewCars
(In per cent)
selling price
Maturities
Over 36
$31-36
Total
months
! months
= Mar, i Feb. Mar. } ] - Mar. : 3
^months
25-30
or less
months
Mar. ! Feb. , Mar. 1
Purchased paper and direct loans
Less than 2$%
2% - 32%
33% or more
Total
1.2
30.2 31.0 16.1 16.1 '280* 27.0
2.2
7.2 ; 9.2 9.U
0.1
0.1
0.2
0.7{ lh.9 71.8
3U.6 35.6 2lt.9 2U.8 lUO.l 38.6
O.it
1.0,100.0 100.0
3.2
l.U!
3.2
1.3
7-5
1.5 ! 2.5
O.li
5.1
5.2
0.2! 20.0 20.0
Purchased paper
Less than 25%
2 # - 32%
33% or more
Total
1:1
13.6
30.7
0.1
0.2
0.2
0.1 6.8 6.8
0.2 25.0 25.lt
1.1 68;2 67.8
27.2 27.8 23 •3 23.1 Iit9.0 it7.7
0.5
l.ltjlOO.O lOO.C)
O.it 0.8 0?3 0.3
it.9 it.3 2.0 1.8
22.7 22.7 20.5 20.2
——
—
0,2
0.1 1.6 2.2
0.1 10.6 10.3
0.1 87.8 87.5
U9.0 1*9.6 28.0 27.8 22.8 22.3
0.2
0.3,100.0 100.0
1.8
l.U
8.8
3.0
22.8 23.6 12.7
1.8
8.9 I
3,5
12.it |32:5
3.U
Direct loans
Less than 2$%
2% - 32%
33% or more
Total
0.9
3.7
hk»h
1.0
W
Ut.5
NOTE— Based on data from identical sample of 66 banks for February and
March covering about 17,000 contracts. Since composition of sample changes
from month to month, data are not strictly comparable with previous releases.
L.U.2
Used Cars
(In per cent)
Down payment as
percentage of
selling price
Maturities
12 months
Over 2k
13-16
i 19-24
Total
or less
months
months
months
Mar. Feb. Mar. : Feb. ! Mar. ' Feb. Mar. Feb.
Mar. ^Feb.
Purchased paper and direct loans
Less than 25%
25% - 32%
33% or more
Total
1.2
2.U
2.U
1.3
l.hj 2.5
2.U U.7 U.7 10.U 10.1
16.7 16.2 19.6 20.2 28.1 28.1
1.3
20.3- 19.9
25.6
1.7
ii.9
6.5
!
26.3 ! iil.O U0.6 113.1
1.8i 6.7
6.9
5 . U 22.U 22.6
6.0| 70.9 70.5
13.2 llOO.O 100.0
Purchased paper
Less than 25%
2% - 32%
33% or more
Total
1.2
2.6
15.7
S 19.5
2.0
1.1 l.h 2.7
1.3
2.7
5.1 5.3 12.1 a
i 5.9
15.2 17.9 17.9 26.5 26.3 | 7.2
19.2
2k.1
I
Less than 2$%
2$% - 32%
33% or more
Total
! 23.2
6.8 i 67.3 66.2
2U.6 i iiX.3 U0.6 ;l5.1 15.6 0.00.0 100.0
Direct loans
1.3 j 2.0 1.5 ! 1-7
l.lt
3.1 i a . 6
1.3 ! 3.2
1.9
: 20.0 19.6 125.1 27.6 | 33.9 3U.3
! M
2.2 : 7.0
7*6
6.6 ! 25.7 26.2
22.2 [30.6 32.2 |U0.2 1*0.6
I
0.3; 5.5
h.5
U.o
3.1i 83.3
81.9
6.0
5.0 p.00.0 100.0
0.5
1.5
1.3 i 11.2 10.6
NOTE — Based on data from identical sample of 66 banks for February and
March covering about 13,000 contracts. 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