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Not f o r p u b l i c a t i o n BOARD OF GOVERNORS OF T1IS FEDERAL RESERVE SYSTEM e L.I4.2 October 3 , 1956 MATURITIES ON AUTOMOBILE INSTALMENT LOANS* DECONTROLLED AFTEH SIX MOUTHS AUGUST AND JULY 1 9 5 6 (In per c e n t ) Maturities Aug. New c a r s 2h months or l e s s 25-30 months 31-36 months Over 36 months Total 29.8 30.7 39.1 o.h 100.u Used Cars l / 12 months or l e s s 13-18 months 19-2U months Over 2h months Total 23.8 23.7 38.6 13.9 100.0 Total Purchased paper July Direct loans July Aug. 29.9 32.1 37.6 O.ii 22.0 31.1 U6.ii 0.5 22.9 31.U 15.1 0.6 1UU.U 1UU.U 1UU.U 1UU.U 1UU.U 2U.U 2U.3 37.8 20.3 22.7 39.8 17.2 100.0 21.5 23.6 38.7 16.2 100.0 33.5 26.1 35.1 5.0 100.0 32.U 26.5 35.1 6.0 100.0 100.0 Aug. 1*9.1 29.9 20.8 0.2 July i|iu9 33.5 21.6 0 -*The c o l l e c t i o n of down payment i n f o r m a t i o n , formerly shown i n t h i s r e l e a s e , i s being d i s c o n t i n u e d . Data r e l a t i n g instalment loans t o d e a l e r c o s t w i l l be s u b s t i t u t e d when t h e sample of banks r e p o r t i n g t h i s information i s adequate. l / F i g u r e s are predominately f o r l a t e model used c a r s but include data from a few banks f o r a l l used c a r s . NOTE: Based on data from i d e n t i c a l sample of 70 banks f o r July and August covering about 20,000 c o n t r a c t s on new c a r s , l b , 0 0 0 purch ted and 6,000 d i r e c t , and 70 banks covering lb,000 c o n t r a c t s on used c a r s , 10,0u0 purchased and U,000 d i r e c t . Since composition of sample changes from month t o month, data a r e not s t r i c t l y comparable with p r e v i o u s r e l e a s e s .
@FedFRASER