The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
s Not for publicatioi BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.2 1 DECONTROLLED AFTER SIX A April 7, 1961 mATURI TIES ON AUTOMOBILE HSEALMEMT LOANS FEBRUARY I96I AND JANUARY I96I. (Percentage distribution of contracts) Maturities . To1bal Jan. . Feb. . Purchased paiier Feb.. . .Jan. New cars 24 months or less 25-30 months 31-36 months Over 3.6 months Total 29.7 9.8 60.1 0.4 100.0 31.3 9.8 58.4 0.5 100.0 100.0 23.6 8.0 67.7 0.7 100,0 Used cars l/ 12 months or less 13-18 months 19-24 months Over 24 months Total 20.8 18.8 38.3 22.1 100.0 19.9 18.1 37.4 24.6 100.0 15.7 17.0 39.4 . -2L2 100.0 14.6 15.9 38.8 J M 100.0 22.2 7.7 69.^ Direct loans Feb. Jan. 45.5 14.3 40.0 0.2 100.0 47.3 13.6 38.9 100.0 30.6 30.5 22.4 . . 22.5 36.1 1 34.7 . J M 100.0 100.0 from a few banks for all used cars NOTE; Distributions are based on. tabulations of data from 128 banks for . January and February and are not intended to be estimates for all commercial banks. In February reports covered about 25,000 contracts on new cars, 17,000 purchased and 8,000 direct, and 17,000 contracts on used cars, 11,000 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 balance as a percentage of dealer cost, see following page* • ... # Not for publication /t>2 - 2 - L.4.2 ' ...DEALER,. COST RATIOS AND MATURITIES 0NV AUTOMOBILE-INSTALMENT LOANS"'" • FEBRUARY 196I AND JANUARY I96I ' NEW CARS • • (Percentage distribution of contracts) Contract -b-.-lanpe as percentage'of dealer cost 1/ '24 months • • 25-30 • or less months Feb. I Jan. Feb. 1 Jan. Maturities 31-36 months Feb. I Jan. Over 36 months Feb. I Jan. | Fob. | Jan. PURCHASED PAP^R 60c or less 81^ to 90# 9I7G to 1007b 101/6 to 110# Over 110# Tot-.l 12.5" 12.6 4.1 4.5 4.1 4.4 1.2 0.9 0.5 _ 0 A 22.1 23.1 2.4 1.8 2.5 0.8 M 2.4 2.0 2.4 0.6 OA -Si2 7.9 7.8 69.9 12.7 16.6 23.5 11.2 13.5 17.3 21.8 10.8 * * *. 0.1 0.1 0.1 68.9 0.1 1 0.2 1 0.1 * 1 27.6 22.5 30.2 12.9 6.8 28.5 23.9 28.7 12.6 6.5 100.0 100.0 40.8 18.1 30.0 7-3 3.8 44.5 20.0 21.8 10.8 2.9 100.0 100.0 DIRECT LOANS 80# or less Bl-/o to 90# 9 1 ' to 100# 101;6 to 110# Over 110# Total 21.3 7.6 10.4 2.3 1.0 27.2 9.3 7.5 3.8 -OtS 7.9 2.3 6.0 1.0 7.7 2.8 2.9 1-7 _0^5 11.6 8.1 13.6 4.0 _2zl 9.6 7.9 11.4 5.3 J^9 * JL 42.6 48.3 ,17.7 15.6 39.6 36.1 0.1 1 14.8 5.0 5-8 1.2 0.6 16.4 5.8 5.2 1-9 0.4 3.8 2.0 3.4 0.8 27.4 29.7 10.4 * * * * I 1 * 1 JL TOTaL 80# or less 81,: to 90% 9li to 100# 101/3 to 110# Over 110# 1 Total 12.4 12.4 ' 3.8 2.2 . 14.4 14.9 20.9 19.1 2.5 9.49.4 0.9 4.6 JOA 9-8 62.1 60.4 : * : * 0.1 * 0.1 0.1 0.1 31.0' 32.6 21.4 22.9 30.2 26.9 11.4 12.2 6.0 5.4 100.0 1/ Contract b:ulance does not incl ude fi nance and insurance charges.' * Less than one-tenth of one per cent. NOTJ: Distributions are based on tabulations of data from 61 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 new cars, 8,000 purchased and 2,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. 100.0 . Not for publication L.4.2 - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) FEBRUARY 1961 AND JANUARY 1961 USED CARS(Percentage distribution of contracts) Maturities Contract balance 12 months 13-10 Over 24 19-24 as percentage of or less months months months wholesale value l/ 2/ Feb. 1 Jan. Feb. I Jan. Feb. I Jan. Feb.! Jan. Total Feb. 1 Jan. 1 PURCHASED PAPER 11 2±&; 1:1 80% or less 8l% to 90% 91% to 100% 101% to 110% Over 110% 4.5 2.3 3.0 2.6 - M Total 16.1 14.0 16.1 15.3.- 39.4 39.7 28.4 31.0 100.0 8C% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 17.7 18.1 3.8 2.4 2.9 2.3 3.7 2.1 3.0 2.4 4.9 3.1 6.0 2.1 5.1 2.9 10.0 10.6 2.8 6.8 7.0 4.4 10.8 1:1 8.3 i 4.3 5.8 17.5 13.9 l 8:' 28.4 16.9 S I M 100,0 DIRECT LOANS Total ft 3.8 3.3 ii 3.0 2.2 9.5 3.3 4.9 2.8 3.0 10.2 10.3 11.4 2.6 4.2 4.8 4.1 7 > 8.5 3.2 5.2 2.8 ft 5.9 32.1 30.4 23.5 22.9 35.2 35.8 °d 1.6 2.4 39.1 1.0 H . 5 3.1 18.4 2.0 2.0 2.8 _ 2 > u 9.2 10.9 42.1 11.1 20.1 13.4 13.3 100.0 100.0 24.1 13.1 22.0 16.1 24.7 24.4 14.5 23.O 16.3 21.8 TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 8.1 1:1 2.5 3.3 3.3 3.0 2.5 3.6 _ & 5 21.0 18.9 i t 3.6 2.6 4.3 1:1 U 5.2 7.4 2.8 2.2 5.4 3.3 3.3 9.3 10.0 5.8 6.4 4.0 4.3 3.0 6.5 6.5 3.9 10.2 - 9 3 - L 6 J A 18.4 17.6 38.1 38.6 2 2 . 5 24.9 100.0 100.0 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 tabulations of data from 42 banks for January and February and are not intended to be estimates for all commercial banks. In February reports covered about 7,000 contracts on used cars, 5,000 purchssed and 2,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases.
@FedFRASER