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/or for pi4b!ip'i£Iona"a6^| ;. r J ; BOARD t)F GOVERNORS OF THE FEDERAL RESERVE SYSTEM 2 L.li. 2 I September 10, 1959 ™MA*EITIES ON AUTOMDHELE INSTALMENT LOANS JULY 1959 AND JUNE 1959 D AFTER SIX Mrpfrag .... ... (rerpentase distribution of contracts) • Total • Maturities July June New cars . 2h months or l e s s .,25-30 months • 31-36 months Over 36 months Total 25.9 12.2 • 61.5 O.U • looTo . 27.5 12.5 #.6 o.U looTo Used cars 1 / 12 months or l e s s . 13-18 months . 19-2k months Over 2k months Total ' .16.5 • •16.;U .it2.:U , • 2h» 7 ' ,100,0.. 16.0 15.7 lt2.9 25.it 100.0 ! Purchased • paperJuly June 20.3 . . 9.6 . 69.6 . . 0.5 : 100.0 • 12.8,. .. 13.9 . . U3.3 . . . 30.0 . .Ioo3 , Di]rect lc ans • July June 20.7 f 1Q.6. 68.. 2- Q.5 100.0 39.3 18.6 ltl.9 • 0.2 100.0 ,12.6 • 1?.6 U3* 7, 31.1' loo.o; 26.7 23.6 . 39.8 9.9 100.0 Wu3 17.5 38.0 0.2 100.0 • . : 25.0 23.8 U0.8 10. h 100.0 1 / Figures are predominately for l a t e model used cars but include data from a few"~banks for a l l used cars. NOTE: Distributions are based on tabulations of data from 136 banks for J.urie' and July and are not intended to be estimates for a l l commercial banks. I n J.uly reports covered about 37,000 contracts .on new cars, 26,000 purchased and 11,000 d i r e c t , and 22,b00 contracts on used cars, 16,000 purchased and 6,000 direct. Since composition of the group of banks changes from month to month, data are jiot comparable with previous . r e l e a s e s . . t ^ • For distribution according to;maturities and contract balance as a percent1 age o f dealer c o s t , see following pages. D b t f o r publication — 2 — DEALER COST RATIOS /ND MATURITIES OM AUTOMOBILE INSTALMENT LOANS L.U.2 JULY 1959 /'.m JUNE 1959 NEK CARS (Percentage d i s t r i b u t i o n o f c o n t r a c t s ) Maturities Contract balance 2h months Over 36 31-36 25-30 as percentage o f or l e s s months months months J u l y | June J u l y I June J u l y i June dealer cost 1 / J u l y 1 June Total July I June 31.8 21, h 28.1 13.3 J A 31.2 22.7 28.1 12.7 J i l 100.0 100.0 51.2 22.3 16.6 U.8 2.1 55.7 21.5 16.8 it.l 100.0 100.0 37.7 21.6 . 25.1 11.0 h.6 -37.5 22.h 25.2 10.5 J u h 100.0 100,0 PURCHASED PAPER 80% or l e s s 81% to 90% 91% to 100% ' 101% to 110% Over 110% 13. h 3.7 2.8 1.0 0.5 12.9 3.3 2.9 0.8 O.U 2:1 3.3 2.h 2.2 1.2 0.3 Total 21. U 20.3 9.7 9.h h.O 2.1 2.2 1.1 lU.U 15.5 23.1 11.2 h.6 15.0 17.0 23.0 10.6 h.6 68.8 70.2 0.1 0.1 0.1 0.1 DIRECT LOANS 80% or l e s s 31% to 90% 91% to 100% 101% to 110% Over 110% Total 28.1 1 6.9 3.5 1.2 0.6 32.1 7.7 5.3 1.2 0.5 10.8 5.5 3.3 0.8 0.5 9.8 h.6 3.9 o.5 0.3 15.3 9.8 9.6 2.8 1.0 13.8 9.2 7.6 2.h 1.1 1*0.3 16.8 1! 20.9 19.1 38.5 3U.1 0.1 0.2 0.3 TOTAL. 80% or l e s s 81% to 90% 91% to 100% 101% to 110%. Over 110% Total 17.3 h.6 3.0 1.1 0.5 17.9 h.h 3.5 0.9 O.U 5.8 3.0 2.5 1.0 O.li 26.5 27.1 12.7 5.0 2.9 2.7 1.0 0. 3 • 11.9 Hu6 11.0 19.5 8.9 3.7 1 lu6 15.1 19.0 8.5 3.7 * * 0.1 * 60.7 60.9 0.1 * 0.1 0.1 1 / Contract balance does not i n c l u d e f i n a n c e and .nsurance charges. -* Less than o n e - t e n t h 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 81 banks f o r June and J u l y and are not intended t o be e s t i m a t e s f o r a l l commercial banks. I n J u l y r e p o r t s covered about 20,000 c o n t r a c t s on hew c a r s , 15,000 purchased and $,000 d i r e c t . Since composition o f the group o f banks changes from month to month, data are not comparable with previous r e l e a s e s . ;»7 Not f o r publication L .4.2 - 3 DEALER COST RATIOS AMD MATURITIES ON AUTOMDBUE INSTALMENT LOANS (continued) JULY 1959 AND JUNE 1959 USED CAES (Percentage d i s t r i b u t i o n o f contracts) Contract balance as percentage o f wholesale value l / 2 / 12 months or l e s s July lJune Maturities 13-18 19-24 months months July lJune J u l y lJune Over 24 months July lJune Total J u l y 1 June 7 . 5 , 7-9 9.1 9.1 11.3 8.2 & 8.9 4.4 4.9 10.2 6.0 7.1 4.9 5.8 10.3 6.3 6.1 18.9 18.0 25.5 18.4 19.2 19.1 1?.5 24.0 18.6 18.8 44.6 32.6 33.4 100,0 100.0 14.2 3.2 2.1 8.6 2.0 10.1 1.0 3.7 3.1 JLZ 3.0 1.1 2.3 1.7 48.2 17.6 19.8 9.1 47.9 17.1 21.2 9.0 9.0 100.0 PURCHASED PAPER 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 4.0 2.2 1.3 3.4 2.1 1.8 2.2 1.5 3.0 2.3 2.4 2.0 2.3 2.9 2.5 2.1 1.7 2.3 10.8 11.0 12.0 11.5 U 44.1 DIRECT LOANS 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 17.7 f:2 1.2 0.8 17.9 3.7 3.0 0.1 1.0 25.6 26.3 15.6 5.0 1.9 0.6 12.8 3.7 5.8 1.3 1.4 23.3 25.0 42.1 5.0 3.2 39.7 Ji 100.0 TOTAL 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 7.8 1.9 2.0 1.9 1.3 14.9 7.3 2.5: 2.1 1.8 1.4 15.1 l}6 3.2 2.0 1.8 15.2 9.8 5.4 2.9 9.0 s 3 . 1 10.8 9.9 1.6 7.1 7.3 .2.1 J L 2 _ L 3 15.1 43.9 42.9 H-l li 26.0 K 8.2 26.9 27.0 4-26.7 17.9 *18.9 23.3 23.9 15.8 15.6 100.0 100.0 2 / Wholesale value represents "average w h o l e s a l e / ' "as i s , " "or buying value" as indicated by used car guides. NOTE: D i s t r i b u t i o n s are based on tabulations o f data from 66 banks f o r June and July and are not intended to be estimates f o r a l l commercial banks. In July reports covered about 11,000 contracts on used cars, 8,000 purchased and 3 000 d i r e c t . Since composition o f the group o f banks changes from month to month, data are not comparable with previous r e l e a s e s .
@FedFRASER