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FEDERAL s t a t i s t i c a l RESERVE r e l e a s e For i m m e d i a c e r i l e a s e September 14, 1966. AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH LONGER THAN 2 YEARS MATURITY DECLINED SOMEWHAT DURING EARLY 1966 1964 1965 1966 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon or less months months months paper Total % • % % % % No. of contracts reported (000) Seasonally adjusted July 1966 June 1966 May 1966 April 1966 15.8 15.5 15.4 15.4 3.1 3.0 3.2 3.3 80.0 80.2 80.1 80.1 0.6 0.6 0.6 0.5 0.5 0.7 0.7 0.7 100.0 100.0 100.0 100.0 130 142 128 126 13.6 14.0 14.2 2.8 2.9 3.2 82.5 81.9 81.4 0.6 0.6 0.6 0.5 0.6 0.6 100.0 100.0 100.0 148 161 156 " Unadjusted July 1966 Month ago Year ago MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon months months months paper Total % 1 7. % % No. of contracts reported (000) Seasonally adjusted July 1966 June 1966 May 1966 April 1966 8.5 8.2 8.7 8.4 21.7 21.2 , 21.3 20.9 31.8 32.2 32.2 32.4 37.6 37.8 37.2 37.9 0.4 0.6 0.6 0.4 100.0 100.0 100.0 100.0 44 50 . 46 44 8.0 7.5 7.2 21.9 20.5 19.3 33.5 33.4 34.9 36.3 38.2 38.1 0.3 0.4 0.5 100.0 100.0 100.0 48 54 49 Unadjusted July 1966 Month ago Year ago Note: • ( Monthly data for years 1960-1965 are available on request. AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES USED CAR LOANS EXCEEDING 120% OF WHOLESALE VALUE HAVE RISEN FURTHER DURING 1966 1964 1965 1966 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS iloan as.per cent of dealer cost) 90 or 91-100 101-105 106-110 Over 110 No. of contracts Total reported (000) % % % 42.4 41.9 42.0 41.9 31.9 32.0 31.7 31.5 13.3 13.5 13.4 13.5 7.0 6.9 7.0 . 7.1 5.4 5.7 5.9 6 .0 100.0 100.0 100.0 100.0 115 126 114 113 42.0 41.7 43.5 32.9 32.6 31.7 13.4 13.6 12.8 6.7 6.8 6.6 5 .0 5.3 5.4 100.0 100.0 100.0 1,33 145 140 Seasonally adjusted July 1966 June 1966 May 1&66 April X1966 — . % % Unadjusted July 1966 Month ago Year ago , DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as> per cent of wholesale value) 90 or 91-100 101-110 111-120 Over 120 No .• of contracts . Total reported (000) Seasonally adjusted July 1966 June 1966 May 1966 April 1966 % % % 23.1 22.7 23.5 22.9 22.2 , 22.3 22.8 22.9 23.2 23.6 23.4 23.0 16.1 15.9 15.7 15.3 15.4 15.5 14.6 15.9 100.0 100.0 100.0 100.0 35 40 38 37 21.8 21.8 24.7 21.7 22.1. 24.5 23.9 24.2 25.3 16.8 16.6 14.1 15 .8 15 .3 11.4 100 .0 100.0 100.0 39 45 40 % % Unadjusted July 1966 Month ago Year ago G.25 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JULY 1966 (Percentage distribution of contracts) Not seasonally adjusted Loan as per gent of dealer cost 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Maturities 24 months or less 25-30 months 9.4 1.7 0.5 1.7 0.7 0.2 0.1 0JL 30.7 30.2 12.5 6.3 4.6 2.8 84.2 0.2 0.2 Total 31-36 Over 36 months months Balloon paper 0.2 ' 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.4 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total Maturities 18 months 4.2 1.0 0.7 0.4 0.8 7.1 25-30 Over 30 19-24 months months months 6 .4 4.5 3.7 2.5 2.6 19.7 Balloon 5.7 7.6 9.2 6.3 5.8 5.4 8.6 10.3 7.6 6 .6 0.1 34.5 38.5 0.2 Note: Details may not add to totals because of rounding. *Less than one-tenth' of one per cent. Total ' * 21.8 . 21.7 23.9 16.8 15.8 100.0