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LIBRARY APR 1 0 1963 Fi. for ^publics BCf OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM April 5, 1963 AUTOMOBILE INSTALMENT/LOANS AT COMMERCIAL BANKS DECONTROLLED AFTER SIX MONTHS MATURITIES - - FEBRUARY 1963 AND JANUARY 196? (Percentage distribution of contracts) Total Maturities Feb. New cars 24 months or less 25-30 months 31-36 months Over 36 months Total Used cars l/ 12 months or less 13-18 months 19-24 months Over 24 months Total Jan. Purchased paper Feb. Jan. Feb. Direct loans Jan. 18.6 18.5 5.4 75.2 0.8 5-9 74.8 0.8 36.2 9-2 54.4 -0^2 36.5 9.1 54.1 0.6 24.5 7-0 67.9 0.6 100.0 100.0 100.0 100.0 100.0 100.0 11.8 12.8 37.0 38.4 11.7 12.2 36.2 23.9 17.8 39.0 23.7 17.3 40.3 18.7 100.0 100.0 100.0 100.0 24.4 6.7 68.3 16.0 14.5 37.7 31.8 100.0 15.9 14.0 37-6 , 100.0 i i l/ Figures are predominantly for late model used cars but include data from a few banks for all used cars. NOTE:—Distributions are based on tabulations of data from 123 banks for January and February and are not intended to be estimates for all commercial banks. In February reports covered about 33>000 contracts on new cars, 22,000 purchased and 11,000 direct, and 22,000 contracts on used cars, 14,000 purchased and 8,000 direct. Data are not'comparable with previous releases since composition of the group of banks changes fronr month to month. For distribution according to maturities and contract balances as a percentage of dealer cost see following pages. Not for publication - 2 - L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1963 AND JANUARY 1963 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost 1/ 24 months Feb. | Jan. 25-30 months Feb. 1 Jan. Maturities 31-36 months Feb. | Jan. Over 36 Total months Feb, 1 Jan. | Feb. 1 Jan. PURCHASED PAPER 80% or less 817, to 90% 91% to 100% 101% to 110% Over 110% Total 11.4 2.8 3.1 1.1 10.4 3.1 3.3 1.1 0.3 1.9 1.2 1.2 0.6 1.9 1.2 1.2 0.6 M M | 18.8 18.2 5.1 5.0 15.3 15.9 23.3 14.6 5.9 16.0 15.6 23.0 14.7 6.3 0.2 0.1 0.5 0.3 o.i 0.1 0.1 0.4 0.3 0.1 28.8 20.0 28.0 16.6 6.6 28.4 20.0 27.9 1C.7 7.0 74.9 75.7 1.1 0.9 100.0 100.0 * 0.2 0.1 0.1 36.0 20.2 33.9 6.5 3.4 37.6 20.0 32.9 6.7 2.9 100.0 100.0 0.1 0.1 0.3 0.2 0.1 30.6 20.1 29.5 14.1 30.7 20.0 29.1 14.2 6.0 0.8 100.0 100.0 DIRECT LOANS 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 18.7 7.5 9.1 1.0 0.8 19.1 6.9 9.1 1.4 0.3 3.5 1.8 5.8 0.7 0.2 4.0 1.7 5.4 0.7 0.2 13.8 10.8 18.8 4.8 2,3 14.3 11.3 18.3 4.6 2.2 o.i Total 37.1 36.7 12.0 12.0 50.5 50.8 0.4 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 13.2 3.9 4.6 1.1 0.5 12.6 4.1 4.7 1.1 0.3 2.3 1.3 2.3 0.6 0.2 2.4 1.3 2.2 0.6 0.2 14.9 14.7 22.2 12.2 5.0 15.6 14.6 21.9 12.2 5.3 0.1 0.1 0.4 0.3 23.4 22.8 6.8 6.8 68.9 69.5 0.2 0.1 * M 0.5 TOTAL Total M 1.0 1/ Contract balance does not include finance and insurance charges. * Less than one-tenth of one per cent. NOTE:--Distributions are based on tabulations of data from 65 banks for January and February and are not intended to be estimates for all commercial banks. In February reports covered about 16,000 contracts on new cars, 12,000 purchased and 4,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. Details may not add to totals because of rounding. zm Not for publication - 3 - L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) FEBRUARY, 196} AND JANUARY 1963 USED CARS (Percentage distribution of contracts) Contract balance as percentage of wholesale value l/ 2/ 12 months or less Feb. Jan. Maturities Over 24 | 19-24 13-18 months 1 months months Feb. | Jan. I Jan. Feb. I Jan. 1 Feb. Total Feb. |! Jan.' PURCHASED PAPER 80% or less 81% to 90% 91'> to 100% 101% to 110% Over 110% Total 4.2 1.3 2.3 1.7 2.1 3.3 1.7 2.5 1.7 2.1 2.4 1.5 2.7 1.9 3.4 2.5 1.4 2.4 1.6 3.1 11.6 11.3 11.9 10.9 4.4 3.6 9.6 4.4 4.0 9.4 15^2 16.3 11.6 23.O 19.6 29.5 15.5 12.0 23.0 18.6 50.? 40.1 41.8 100.0 100.0 4.7 2.6 4.4 1.8 2.9 4.6 2.0 4.0 1.9 2.1 33-7 15.4 28.8 9.5 12.7 14.4 26.1 9-8 16.2 14.6 100.0 100.0 4.4 3-3 7.7 12.8 24.0 15.8 24.4 100.0 5.3 5.2 8.3 7.-0 10.5 5.3 5.0 8.7 6.5 10^ 15.6 36.4 35-9 8.9 8.9 DIRECT LOANS 8.-1 10.0 2.8 7.7 5.7 12.2 . 2.2 3.7 -V7 - M Jhl 20.3 21.1 39.3 38.9 6.9 1.9 3.3 1.8 1.9 3-9 1.7 4.0 1-9 2.8 4.2 1.8 3.5 1.8 2.8 6.8 6.0 9.5 6.0 9.0 7.4 5.8 9.5 5.6 8.6 4.5 3-2 8.0 6.7 10.3 11.1 21.7 12.7 24.7 16.4 24.3 15.8 14.4 14.2 37.3 36.9 32.7 33.1 100.0 11-7 2.8 5.2 2.1 2.5 14.7 2.2 5.0 2.1 7.3 2.3 7.0 2.0 Total 24.2 25.5 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 6.5 1.7 3.2 1.8 2.2 15.4 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 11.9 7-5 11.4 3.6 39.2 10£ TOTAL Total 6.7 23.0 l/ Contract balance does not include finance and insurance charges. 2/ Wholesale value represents "average wholesale," "as is," or "buying value" as indicated by used car guides. NOTE:—Distributions are based on tabulation of data from 52 banks for January and February and are not intended to be estimates for all commercial banks. In February reports covered about 10,000 contracts on used cars, 7,000 purchased and 3,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. Details may not add to totals because of rounding.
@FedFRASER