Full text of L.4.2 Auto Loans by Commercial Banks : Maturities and Dealer Cost Ratios : April 6, 1962

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*

Not for publication
\

BOARD OF GOVERNORS OF TH.3 F3DERAL RB3ERV15 SYSTEM

^.2
,V '

April 6, 1962
XMATURITIES ON AUTOMOBILE INSTALMENT (LOANS
1962 AND ™ Y 1 9 6 2
(Percentage distribution of contracts)

Maturities
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

Total
Feb.

Jan.

Purchased
paper
Feb.
Jan.

Direct
loans
Feb.
Jan.

- 26.9
8.3
64.2
0.6

27.7
8.6
63.1
0.6

20.3
6.5
72.4
0.8

-21.2
7-1
71.0

100.0

100.0

100.0

100.0

40.5
11-9
47.2
_ M
100.0'

17.4
17.4
37.7

18.0
16.8
37-5
27.7
100.0

13.2
15.2
38.0

13.0
15.1
37.7

26.5
22.1
37-3

100.0

100.0

100.0

Jhl

100.0

41.4
11.7
46.6
100.0

28.3
20.4
37.2
14.1
100.0

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 127 banks
for January and February and are not intended to be estimates for all commercial banks. In February, reports covered about 29,000 contracts on new
cars, 20,000 purchased and 9,000 direct, and 19,000 contracts on used cars
13,000 purchased and 6,000 direct. Since composition of the group of banks
changes from month to month, data are not comparable with previous releases.
For distribution according to maturities and contract balances as a
percentage of dealer cost see following pages.




Not for publication

-2DEALER COoT RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS

L.4.2

FEBRUARY 1962 AND JANUARY 1962
NEW CARS
(Percentage distribution of contracts)
Contract balance
as percentage of
dealer cost if

24 months
or less
Feb. | Jan.

25-30
months
Feb. | Jan.

Maturities
Over 36
31-36
months
months
Feb. 1 Jan. Feb. | Jan.

Total
Feb. | Jan.

FURCHASED PAPER
80% or less
81% to 90#
91% to 100#
101% to 110%
Over 110%
Total

12.0 12.5 1 2.4
3.4 3.4 1 1.4
1.6
3.2 3-7
1.1 1.2
0.7
0.4
0.3
0.5
20.3 21.1
6.3

2.8
1.6
1.7
0.7
0.2

14.8
16.2
23.9
12.6
^ 4

15.0
16.1
23.2
11.5

0.1
0.1
0.2

0.1

7.1

72.9 71.4

0.4

0.3 100.0 100.0

4.0
2.3
6.5
1.0
0.6

4.5
2.2
5-7
0.7
0.2

0.1
0.1
0.1

0.1
0.2
0.2

0.1
0.1
0.2

0.1
0.1
0.2

JtA

0.2

29.3
21.2
28.8
14.5
6.2

30.3
21.1
28.8"
13.4
6.5

DIRECT LOANS
80% or less
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total

20.8 22.0
6.1 7.0
11.2 10.6
1.5 1.9
-0.J, 0.4
39.9 41.8

14.3 13.3

11.9 12.3
9.0 8.0
16.5
5.3
2.1 2.2
45.4 44.2

36.8 38.9
17.4 17.3
35-7 33.1
7.1 7-9
3-0 2.8
0.3 ~0.5 100.0 100.0

TOTAL
80% or less
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total

14.3 14.9
4.2 4.3
5.4 5-5
1.2 1.4
0.5 0.4

2.8
1.6
2.9
0.8
0.4

25.6 26.5

8.5

3.2
1.7
2.8
0.7
M
8.7

14.2
13.9
21.3
9.8
Jhi
64.9 63.9

13.9
14.1
22.1
10.3
4.4

0.4

31.2
20.0
30.6
12.4
5-3
0.4 100.0

32.4
20.0
29.8
" t
100.0

if 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 66 banks for
January and Feburary and are not intended to be estimates for all commercial banks*
In February reports covered about 14,000 contracts on new cars, 10,000 purchased
and 4,000 direct. Since composition of the group of banks changes from month to
month, oata aie not comparable with previous releases.
Details may not add to totals because of rounding.




2_oo
Not for publication
L.4.2

- 3DEALER COoT RATIOS jiND MuPJTIJS
ON AUTOMOBILE INSTALMENT LOANS (continued)
FEBRUARY 1962 AND JANUARY 1962
USED CARS
(Percentage distribution of contracts)

Maturities
Contract balance
12 months
Over 24
19-24
13-18
as percentage of
Total
months
months
months
wholesale value l/ 2/
Feb. | Jan. Feb. | Jan. Feb. | Jan. Feb. | Jan. Feb.| Jan.
PURCHASED PAPER
80# or less
81# to 90#

9lfo to 100%

101# to 110#
Over 110#
Total

4.3 4.9
2.4 1.8
2.7 2.6
1.6 1.3
2.1 _&o

2.8
2.2
3.2
2.1
5.4

6.4 6.4 4.2
6.6 6.2 4.2
9.1 10.2 8.4
6.9 7.0 6.8
JLil 9.9 9.8 10.6
3.0
2.3
3.6
2.5

4.1
4.3
9.4
6.4
8.?

17.7
15.5
23.4
17.4
26.0

18.4
14.6
25.8
17.2
24.0

13-1 12.6 13.8 15.2 38.9 39.7 34.2 32.4 100.0 100.0
DIRECT LOANS

80# or less

81# to 90io

91# to 100#
101# to 110#
Over 110#
Total

15-3 13-7
2.7 3-2
3.0 4.4
2.7 2.3
J b l 2.6

8.2
3.7
5.8
2.0
2.8

7.9 11.3 10.6
3.8 8.7 9.2
5.4 11.9 12.4
2.8 5.2 4.5
2.1 JL2 Jbl

2.6
1.8
3.2
1-9

2.6
1.7
2.8
1-7
1.5

37.4
16.9
23.9
11.8
10,0

34.8
17.8
25.0
11.3
11.1

25.4 26.2 22.4 22.0 41.2 41.5 11.1 10.3 100.0 100.0
TOTAL

80# or less
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total

7-7
2.5
2.8
1.9
1.9

7-8
2.3
3.2
1.6
2.2

4.5
2.7
4.0
2.1

4.6
2.8
4.2
2.6

7-9 7.8
7.2 7.1
9.9 10.9
6.3 6.2
8.0

3.7
3.4
6.8
5.3

Jhl

3.6
3.4
7.2
4.8
6.0

23.8
15.8
23.5
15.6
20.9

23.8
15.6
25.5
15.2
19.6

16.8 17.1 16.4 17.4 39.4 40.1 26.9 25.O 100.0 100.0

2/ Wholesale value represents "average wholesale," "as is," or "buying
value" as indicated by used car guides.
NOTE: Distributions are based on tabulations of data from 44 banks for
January and February and are not intended to be estimates for all commercial
banks. In February reports covered about 8,000 contracts on used cars, 6,000
purchased and 2,000 direct. Since composition of the group of banks changes from
month to month, data are not comparable with previous releases.
Details may not add to totals because of rounding.