The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Not for publication L.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM May 13, 19£7 tyf CONTROLLED AFTER SIX $F6§ETIES ON AUTOMDHLE INSTALMENT LOANS U MARCH 1957 AND FEBRUARY 1957 (In per cent) Maturities Purchased Paper Febo Mar, Total Feb. Mar, New cara 2k months or less 25-30 months 31-36 months Over 36 months Total 38,U 27.0 3U.3 0.3 100.0 39.0 28.0 32.6 O.U 100.0 Used cars 1/ 1 2 months or less 13-18 months 19-2U months Over 2h months Total 20.0 2U.0 U2.1 13.9 100.0 20.U 23.3 U2.0 lU.3 100.0 1 29.6 25.5 UU.5 o,U 100,0 17.2 21.6 hy.k -17.8 100,0 Direct loans Feb. Mar. 29.7 26.6 U3.3 O.U 100.0 56.7 30.3 12.7 _J2i3 100.0 58.1 31.0 10.7 0.2 100.0 18.2 20.7 U3.2 17.9 100.0 26.6 29.3 25.3 29.3 39.2 6.2 100c 0 39.1 5.0 100.0 1/ Figures are predominately for model used cars but include data from a few banks for all used cars. NOTE: Distributions are based on tabulations of data from 128 banks for February and March and are not intended to be estimates for all commercial banks. In March reports covered about 28,000 contracts on new cars, 19,000 purchased and 9,000 direct, and 26,000 contracts on used cars, 18,000 purchased and 8,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. For distribution according to maturities and contract balance as a percentage of dealer cost, see other side. Hot for publication L.4.2 - 2 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS MARCH 1957 Aim FEBRUARY 1957 (In per cent) NEW CARS Maturities Contract balance 24 months I 25-30 Over 36 31-36 as percentage of or less f months months months dealer cost l/ Mar. Feb. i Mar. i Feb. Mar. i Feb. MarJ Feb. 1 1 | Pure] based ]laper iand di:rect 1 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 26.0 6.4 4.6 1.1 o.? v7 39-0 39.3 1-3 0,6 8.7 7.1 tl 1.0 30.0 9.1 7-7 6.8 7-2 10.0 10.1 4.4 4.3 1.0 1.4 31.2 0.1 I:? 0.1 9.2 4.4 1.4 30.8 29.2 0.2 0.1 0.1 0.1 0.3 Total Mar, Feb. 42.5 42.0 20.8 20.2 23.4 24.7 10.0 10.1 3.0 3.3 100.0 100.0 USED CARS Maturities Contract balance 12 months 19-24 Over 24 13-16 as percentage of or less months months Total months dealer cost 1/2/ Mar. Feb. Mar.I Feb. Mar.I Feb.J Mar.1 Feb. Mar. Feb. 1 1 Purctlased \taper eind dii^ect 1oans 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 9-1 2.2 3.0 a1:! 8.8 2.0 3.2 2.0 2.4 j18.8 18.4 2.9 l.o 12.2 13.1 8.4 8.2 10.5 10.5 6.4 6.8 5.4 4.8 2.7 1.9 33.9 34.9 1.1 17.0 16.3 4.1 22.0 22.2 3.0 14.3 14.3 2.1 12.8 12.3 23.2 43.1 43.2 14.7 15.2 100.0 100.0 9-4 9.6 2.9 2.9 23.4 VI li 3.2 _/bealer cost represents "average wholesale," "as is," "or "buying value" as indicated "by used car guides. *Less than one-tenth of one per cent. NOTE: Distributions are "based on tabulations of data from 86 "banks for February and March and are not intended to be estimates fcr all commercial banks. In March reports covered about 16,000 contracts on new cars, 11,000 purchased and $,000 direct, and 15,000 contracts on used cars, 10,000 purchased and 5,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases.