The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
V " X, I Not for publication BOAFL-QF GOVERNORS OF FTHE FEDERAL RESERVE SYSTEM L.4.2 April 11, 1966. DECONTROLLED AFTER S 1 B I M $ M U T O LOANS BY COMMERCIAL BANKS February 1966 January 1966 Three months ending February* 1966 1965 NEW CAR CONTRACTS Per cent of contracts written for: 24 months or less 25-30 months 31-36 months Over 36 months 30.0 6.3 63.2 0.5 30.1 7.1 62.6 0.2 30.4 6.8 62.5 0.3 32.9 7.1 59.3 0.7 90.5 90 ;3 89.1 Contracts written for 36 months: Median loan/value ratio USED CAR CONTRACTS Per cent of contracts written for: 12 months or less 13-18 months 19-24 months Over 24 months 19.1 12.2 36.9 31.8 18.6 12.4 35.6 33.4 18.7 12.3 35.8 33.2 20.3 14.3 37.7 27.7 All used car contracts: Median loan/value ratio 87.6 * Unweighted arithmetic mean of the three monthly ratios. a- i 3 <?3 Not for publication L.4.2 -2- DEALER AUTO LOANS BY COMMERCIAL BANKS (PURCHASED PAPER) February 1966 January 1966 Three months ending February* 1966 1 1965 NEW CAR CONTRACTS Per cent of contracts written for: 24 months or less 25-30 months 31-36 months Over 36 months 15.7 4.5 78.6 1.2 16.2 4.2 78.7 0.9 16.4 4.4 78.2 1.0 17.7 4.4 77.0 0.9 93.5 93.7 93.3 Contracts written for 36 months: Median loan/value ratio USED CAR CONTRACTS Per cent of contracts written for: 12 months or less 13-18 months 19-24 months Over 24 months 8.9 8.2 29.9 53.0 9.1 8.3 27.8 54.8 9.0 8.3 29.3 53.4 10.1 9.9 31.8 48.2 97.6 98.0 97.7 97.1 All used car contracts: Median loan/value ratio * Unweighted arithmetic mean of the three monthly ratios. -3- Not for publication L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1966 AND JANUARY 1966 NEW CARS (Percentage distribution of contracts) /Contract balance as percentage of dealer cost JL/ Over 36 25-30 31-36 24 months months months months or less Feb. | Jan. Feb. | Jan. Feb.1 Jan. Feb.1 Jan. Total Feb. I Jan. PURCHASED PAPER 80% or less 817, to 90% 91% to 100% 101% to 110% Over 110% 7.2 1.9 3.7 1.4 0.4 7.6 2.1 3.6 1.7 0.6 Total 14.6 15.6 4.8 4.7 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 15.7 5.0 6.4 2.2 0.6 16.1 4.6 6.6 2.1 0.5 2.9 1.5 2.7 0.7 OUL 29.9 29.9 7.9 10.1 61.2 1.3 1.0 1.7 0.8 OA 1.4 14.3 0.7 14.8 1.8 28.0 0.7 15.1 0.2 7.9 14.0 0.1 16.0 0.1 27.8 0.3 15.1 * -ill * 0.3 80.0 79.2 0.5 0.4 * * * 22.9 23.1 17.8 18.8 33.7 33.4 17.2 17.6 8.5 J L i 100.0 100.0 DIRECT LOANS Total 3.3 1.8 3.8 0.9 0.3 17.8 10.3 20.7 8.8 3.7 18.0 0.8 10.8 19.4 0.1 7.5 3.7 0JL 0.9 0.4 100.0 100.0 0.1 0.3 26.1 26.4 17.6 18.5 32.8 32.6 16.0 16.0 7.5 6.6 0.4 100.0 100.0 59.4 0.3 0.1 37.2 16.8 29.9 11.7 4.4 37.7 17.2 29.9 10.5 4.6 TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 9.1 2 6 4.3 1.5 0.4 9.6 2.7 4.3 1.8 0.6 1.6 1.1 1.9 0.8 o.i 1.9 15.1 0.9 13.8 2.2 26.3 0.7 13.7 6.9 0.2 18.0 18.9 5.5 5.9 75.8 14.9 0.3 14.8 0.1 25.9 0.3 13.4 74.7 O-s-7- 1/ Contract balance excludes finance and insurance charges. * Less than one-tenth of one per cent. NOTE: Distributions for February and January are derived from reports of 114 banks, 66 of which reported dealer cost ratios as well as maturities. The February maturity distribution for new cars shown on pages 1 and 2 is based on 35v0p0 contracts, 26,000 J)urchased and 11,000 direct. The cross-classification on this page is based on 17,000 contracts, 13,000 purchased and 4,000 direct. The data are not intended to be estimates for all commercial banks and are not comparable with previous releases since composition of the group of banks changes Digitized for month FRASER from to month. Details may not add to totals because of rounding. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 3*9" Not for publication -4- L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) FEBRUARY 1966 AND JANUARY 1966 USED CARS (Percentage distribution of contracts) Contract balance as percentage of wholesale value JL/2/ Maturities tZ months 13-18 Over 24 19-24 Total or less months inontfis months Feb. 1 Jan. Feb. 1 Jan. Feb. 1 Jan. Feb. 1 Jan. Feb. 1 Jan. PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 2.9 2.8 1.2 1.2 1.6 1.6 1.3 1.2 1.3 1.5 1.6 1.3 1.7 1.1 1.9 1.6 1.3 1.8 1.1 1.6 4.3 5.0 7.9 4.2 7.7 8.2 8.2 7.7 7.3 29.1 3.9 4.6 7.1 4.1 6.7 6.3 9.5 12.3 11.4 15.5 5.4 15.1 13.7 9.6 17.0 16.7 14.0 23.6 24.4 12.2 17.9 18.6 16.8 26.4 26.7 26.3 54.9 58.1 100.0 100.0 DIRECT LOANS 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 12.0 1.9 5.2 1.8 1.7 22.6 23.5 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 12.8 2.1 4.9 1.7 1.9 5.5 5.6 1.4 1.5 2.6 2.5 1.4 1.3 1.4 1.6 12.4 12.6 6.0 1.5 3.6 1.2 M 5.4 10.7 1.8 5.9 3.4 10.7 0.9 4.1 1.6 . 4.7 10.6 5.3 10.3 4.4 4.8 6.4 3.0 6.9 5.6 5.2 14.2 13.2 36.0 35.4 27.1 2.9 2.7 1.4 1.4 2.3 2.2 1.1 1.1 1.9 1.6 9.6 TOTAL 6.2 5.2 8.7 4.1 6.8 9.0 31.1 7.0 4.3 6.8 5.6 4.2 35.1 35.8 12.3 13.5 26.4 25.4 12.7 12.7 13.5 12.6 27.9 100.0 100.0 5.8 6.3 5.9 20.9 8.1 15.6 7.6 4.8 8.0 10.8 11.9 24.4 9.7 10.3 16.4 4.2 6.2 12.5 13.2 22.7 28.9 46.9 49.5 100.0 100.0 ^/Contract balance excludes finance and insurance charges. 2/Wholesale value represents "average wholesale," "as is," or "buying value" as indicated by used car guides. NOTE: Distributions for February and January are derived from reports of 114 banks, 62 of which reported dealer cost ratios as well as maturities. The February maturity distribution for used cars shown on pages 1 and 2 is based on 27,000 contracts, 18,000 purchased and 9,000 direct. The cross-classification on this page is based on 14,000 contracts, 10,000 purchased and 4,000 direct. The data are not intended to be estimates for all commercial banks and are not comparable with previous releases since composition of the group of banks changes from month to month. may not add to totals because of rounding. Digitized forDetails FRASER 20.0 15.8 24.7 16.9 22.6
@FedFRASER