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Not f o r p u b l i c a t i o n L.4.2 BOARD OF GOVERNOBS OF THE FEDERAL RESERVE SYSTEM May 7, 1959 DECONTROLLED AFTER <JTT unamrtti ""WroRITIES ON AUTOMOBILE INSTALMENT LOANS MARCH 1959 AND FEBRUARY 1959 (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities New c a r s 24 months or l e s s 25-30 months 31-36 months Over 36 months Total Used c a r s l / 12 months or l e s s 13-18 months 19-24 months Over 24 months Total Mar. Total Purchased Pa]Der Feb. Mar. 23.5 11.4 64.6 0.5 100.0 24.9 13.2 61.3 0.6 100.0 45.7 I8.5 35-7 0.1 100.0 46.0 20.9 33.0 0.1 100^ 11.8 13.9 43.2 31.1 100.0 13.2 14.9 42.2 29.7 100.0 24.9 24.8 41.2 9,1 100.0 25.7 24.5 41.6 8.2 100.0 Feb. Mar. 31.3 13,9 ^ 54.4 0.4 100.0 323 15.9 51.4 0.4 100.0 16.2 17.5 42.6 23.7 100.0 17,7 18.4 42.0 21.9 100.0 x Direct Loans Feb. l / F i g u r e s a r e p r e d o m i n a t e l y ' f o r l a t e model used cars but include data from a few 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 .are based on t a b u l a t i o n s of data from 137 banks f o r February and March and a r e not intended to be estimates f o r a l l commercial banks. I n March r e p o r t s covered about 31,000 c o n t r a c t s on new c a r s , 20,000 purchased and 11,000 d i r e c t , and 25,000 c o n t r a c t s on used c a r s , 17,000 purchased and 8,000 d i r e c t . Since composition of the group of banks changes from month t o month, data a r e 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 to 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 centage of d e a l e r c o s t , see following pages. Not f o r p u b l i c a t i o n • 2 * DEALER COST RATIOS AMD MATURITIES ON AUTOMOBILE INSTALMENT LOANS L.4.2 MARCH 1959 AND FEBRUARY 1959 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 ) Contract balance as percentage of dealer cost 1 / 24 month's or less Mar. Feb. - 31-36 25-30 months months Mar. l ^ e b . Mar* J.Feb. . 80$ or l e s s 81$ t o 90$ 91$ to 100$ 101$ to 110$ Over 110$ 14.9 3.1 1 : 1 2 . 8 • 3.4 1 . 1 • 1.3 . 0.4 _0._4, 4.3 2.7 3:0 1.6 Ovier 36 Total months •Mar. |Feb. • Mar, 1 Feb. PURCHASED PAPER . 4 . 5 12.9 3 . 8 13.0 3.3 , 20. a 2.4 12.6 0.8 6.1 Total 22.3 24.8 1 1 2 . 1 14.8 80$ or l e s s 81$ t o 90$ 91$ t o 100$ 101$ to 110$ Over 110$ 30.7 7.4 5.3 1.5 1.2 10.1 6.0 6.3 1.0 1.5 J X J-A 2 13.0 5-3 5-9 0.9 0.3 65.4 12.0 ; 0 . 1 j 0 . 1 12.2 0.1 19.2 11.2 j * * 1 32.1 18.8 26.7 15,3 - 1 4 0.2 0.2 100.0 * * * 0.1 53.2 20.2 18.5 60.2 32,1. 20.2 25:9. 100.0 DIRECT LOANS Total . 46,1 30.4 • li 46.6 24.1 25.4 12.4 6.8. 6.9 11 9.6 5-7 7.7 29.8. 27.8 • total 80$ o r l e s s : 81$ t o 90$ -91$ t o 100$ 101$ to 110$ Over 110$ Total 20.0- 20.3 | : 7.2 4.6 4'i3 1 : 1 i ; I : 4.2 3.6 1.2 1.2 • 1.6 1.9 _0d • •0.8 0.4 - 0 . 6 30.1 31.8 16.0 18.2 • 0-1 1.3 • 12". 7 11.0" 16.2 : M 53-7 ; 1 i 3:5 XI. : • 4.0 0.2 100.0• 100.0- 6.1- 39,2 19:3:, 24.0 ' 8 : 2 11,5 • • •j m i f 49.8 0.1 • : 0.1 * 100.0 * Less than one-tenth of one per c e n t . NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s of data from 73 banks f o r February and March and a r e n o t intended to be e st i ma t e s f o r a l l commercial banks. In March r e p o r t s covered about 14,000 c o n t r a c t s on new c a r s , 9,000 purchased and 5,000 d i r e c t . Since composition of t h e 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 . -3 - Not f o r publication DEALER COST RATIOS AMP MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) 1.4.2 MARCH 1959 AND FEBRUARY 1959 USED CARS (Percentage d i s t r i b u t i o n of contracts) Maturities 19-24 | Over 2k 13-18 12 months Contract "balance months j months months or l e s s as percentage of Mar, i Feb. | Mar Feb. Mar. I Feb. wholesale value l / 2 / Mar. 1 FebT Total Mar. I Feb. PURCHASED PAPER 80% or l e s s 81$ to 90% 91% to 100% 101% to 110% Over 110% Total 4.3 1.3 1.8 1.6 2.1 4.5 1.4 2.5 2.1 2.2 3.1 2.0 2.4 2.0 2.4 11.1 12.7 11.9 4.0 2.2 2.8 2-5 2.6 14.1 12.0 4.8 4.5 10.0 6.4 6.5 3.4 5-1 8.4 6.4 4.4 20.6 15-y 25.4 19.6 19.0 32.2 27.7 100.0 100.0 DIRECT LOANS 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 18.9 2.7 2.9 0.7 0.8 17.3 3.3 2.3 0.7 0.9 12.3 11.8 15.9 18.4 7.9 6.7 4 . 1 4.7 5 - 1 5 - 1 11.0 11.1 1 . 1 5 - 1 2.8 1.2 3.2 1 . 1 2.0 1.0 3.1 1.5 2.1 1.2 1.7 3.0 1.4 1.7 0.8 iit 50.2 15.0 21.1 8.2 5.5 50.5 17.3 20.2 5A 6.6 26.0 24.5 23.7 23.8 43.4 9.6 8.3 100.0 100.0 9.7 1.8 2.2 1.3 1.6 9.7 2.1 2.4 1.6 1.7 6.5 2.8 3.4 1-7 1.9 7.1 3.2 3-8 1.9 2.0 11.2 7-3 111.1 7-9 JbS lk. a.-. 3.4 1:1 5-7 ;1 4.1 3.2 ?31.6 15.3 23.7 3.5.4 14.0 32.2 16.9 23.5 14.4 13.0 16.6 17.5 16.3 18.0 43.3 23.8 19-9 100.0 100.0 40.7 TOTAL 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total data are not comparable with previous r e l e a s e s . 44.6
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