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Not f o r publication BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.U.2. September 7, 1956 MATURITIES ON AUTOMOBILE INSTALMENT L O A » JULY AND JUNE 1956 ftr DECONTROLLED AFTER SIX MOHTES (In per c e n t ) . Maturities New c a r s 2k months or l e s s 25-30 months 31-36 months Over 36 months Total Used Cars —^ 12 months or l e s s 13-18 months 19-21* months Over 2k months Total To t a l ,3uly June 30.9 29.9 31.7 32.2 38,0 36.3 0.1* 0.6 100.0 1 0 0 . 0 2l*.2 2U.2 37.8 13.8 100.0 23.3 2lt.3 38.9 13.5 100.0 Purchased paper July June Direct loans July June 22.9 31.3 1*5.2 0.6 100.0 22.9 kk.9 32.5 32.7 22.6 1*3.6 0.8 0 100.0 IDoTU 21.3 23.2 38.9 16.6 100.0 20.0 23.2 39.8 17.0 lOu.O 32.2 27.0 3l*.8 6.0 100.0 1*6.7 31.2 22.0 0.1 "njoTo 31.7 27.2 36,8 U.3 100.0 * The c o l l e c t i o n of down payment information, previously shown in t h i s r e l e a s e , i s being discontinued. Data r e l a t i n g instalment loans t o dealer cost w i l l be s u b s t i t u t e d when the sample of banks reporting t h i s i n formation i s adequate. 2/Figures 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 67 banks f o r June and July covering about 18,000 c o n t r a c t s on new c a r s , 12,000 purchased and 6,000 d i r e c t , and 67 banks covering 13,000 c o n t r a c t s on used c a r s , 10,000 purchased and 3,000 d i r e c t . Since composition of sample changes from month t o month, data are not s t r i c t l y comparabe with previous r e l e a s e s .
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