Full text of E.4 Automobile Credit : June 16, 1976

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FED

Low-Dawn Payment New-Car Loans at Finance Companies

DECLINED MARGINALLY IN APRIL, AFTER SEASONAL ADJUSTMENT,

LOAN-TO-VALUE RATIO

I
I

SEASONALLY
ADJUSTED

I
I
1976 I
APR. I

1,67s!
4171
4,492|

"ii!!

5731
4,9041

BANK DIRECT LOANS
TOTAL CREDIT (MILLION $)
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( • )

4,237j

4,740|

1401
4,621j

BANK PURCHASED PAPER
TOTAL CREDIT (MILLION $1
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE QF CONTRACT ( » )

d

4,4221

FINANCE COMPANIES
TOTAL CREDIT (MILLION S)
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( » )
OTHER LENDERS
TOTAL CREDIT (MILLION $ )
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( • )

4,9401

1

1
9B1I
4,8811

129!
5,3951

1976 I
MAR. I

«• rCX3l

"2 J

d J

4,3701

1975 I
APR. 1

4361
1041
,1921

..El . y
,.E;
•si
4

2,8981
5931 1
4,8871 1
663
140
4,736

 FOR TOTAL CREDIT AND AVERAGE SIZE OF CONTRACTS
NOTE* DATA
BANK REFERS TO COMMERCIAL BANKS ONLY* OTHER LENDERS
BANKS,
http://fraser.stlouisfed.org/SAVINGS AND LOAN ASSOCIATIONS AND AUTOMOBILE
Federal Reserve Bank of St. Louis

,3371

6681
2,3401

4,585j

1941
2,2631

iiii J
••d Jii!
i
d
J
5,409j

115
4,861 1

4861
1031
4,7181

|
I

2591
991
2,6161

NOT SEASONALLY ADJUSTED

1976 I
AMI. |

•*" i
4951
2081
,3B0|

2

1 9 7 5 I1
APR. |I

1976 |
MAR. |

1,6921
6551
2,583j

1

1,985

509*1
2061
2,4711

1
2,289 1

242
2,405

d tl? IS ill
1 -J
iS

1
5021
1661
,6991

4,853j

5031
1021
,9311

50?|
1071
4,7381

SEASONALLY
ADJUSTED

li

1*76 |
MAR. |

1
1
1

||
||

1

1975 1
APR. I

ALL HOLDERS
TOTAL CREDIT (MILLION S)
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( $ )

NOT SEASONALLY ADJUSTED

iiL

CREDIT EXTENDED

2,6851

2821
1011
,7921

1831

2, 4 5 4 1

J

INCLUDE PRECOMPUTED FINANCE CHARGES AT HOST HOLDERS.
INCLUDE PRIMARILY CREDIT UNIONS, BUT ALSO MUTUAL SAVINGS
DEALERS.
3

2,673

AUTOMOBILE CREDIT AT FINANCE COMPANIES - APRIL 1976

CREDIT EXTENDED
1976 '
APR. |
TOTAL CREDIT (MILLION S>
NUMBER OF CONTRACTS (THOUS.l
AVERAGE SIZE OF CONTRACT (»>
AVERAGE AMOUNT FINANCED ( * )
AVERAGE FINANCE RATE (X)
AVERAGE MATURITY (MONTHS)
PERCENTAGE WITH MATURITIES*
OVER 42 MONTHS
3 7 - 4 2 MONTHS
OVER 36 MONTHS
3 1 - 3 6 MONTHS
30 MONTHS OR LESS
2 5 - 3 0 MONTHS
24 MONTHS OR LESS
AVERAGE LOAN-TO-VALUE RAT10(Xt|
PERCENTAGE WITH L/V RATIOS*
1
OVER 110%
|
101-110*
|
91-100*
|
9 0 * OR LESS
|

13.18I
37.51

::: I
i

1
2.41
15.01
33.71
48.91

129|
5,3951
4,4491
38.51
I
12.11
18.7|
I
57.61
11,31

.01
1
.71
.41
.81
.21

6971
1281
5,4451
4,4691
1 3 .2 4 1
I
38.61
13.21
19.11
I
55.91
11.21

5031
1021
4,93l|
4,074|
13.071
I
37.61
I
...
I
...
I
I
65.21
11.61

.01
1
8|
.31
.81
.21

.01
1
.31
.01
.71
.11

1301
5,3541
4,4001
1 3 .1 3 1
38.51
12.61
18.71
57.51
11.11

i

.01
1
7|
.41
.71
.21

714||
132||
5,409||
4,44211
13.13M
II
38.711
II
13.611
19.511
II
55.811
10.911

J.

2591
991
2,6161
2,191|
17.761
29.21

i

.51
.6|

582 1
1011
2,7921.
2,398|
17.711
I
30.0|

11

''I

30. .51

2621
2 B ab!
2^4241
17.751
30.0|

2851
1091
2,6151
2,2031
17.581

2U03I
17.481

29.6}

30.41

I
I
.8 1
.8,

3151
1121

J

57.4|
I

28.01

.01
•el
.51
.91
.81

B,

29.61
13.71

.01

97.01

95.01

.71
.71
.31
.41

.81
.11

14.51
24.91
26.71

11.01
23.01
31.11
34.91

;

.91

11.31

NOTES LOAN RATE AND LOAN TERMS DATA APPLY MAINLY TO CONTRACTS PURCHASED FROM DEALERS. AVERAGE SIZE OF CONTRACT I S DERIVED
BY DIVIDING TOTAL CREDIT EXTENSIONS FOR ALL FINANCE COMPANIES BY ESTIMATED NUMBER OF CONTRACTS; IT INCLUDES PRECOMPUTEO
FINANCE CHARGES INCORPORATED IN THE CREDIT EXTENSION STATISTICS. AVERAGE AMOUNT FINANCED IS 1 BASED ON DATA FROM A LIMITED
SAMPLE OF FINANCE COMPANIES* IT EXCLUDES ANY PRECOMPUTEO FINANCE CHARGES. .FINANCE RATES ARE ANNUAL PERCENTAGE RATES AS
SPECIFIED BY REGULATION Z (TRUTH-IN-LENDINGI. AVERAGE LOAN RATE, MATURITY, AND LOAN-TO-VALUE RATIO DATA ARE OBTAINED
FROM A DIFFERENT SAMPLE THAN THE LOAN TERMS PERCENTAGE DISTRIBUTIONS. USED-CAR LOAN MATURITY AND LOAN-TO-VALUE DATA
APPLY ONLY TO CARS LESS THAN THREE YEARS OLD.
DATA NOT AVAILABLE BEFORE NOVEMBER, 1975




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