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Not for publication ..A BOARD"OF.GOVERNORS OF THE FEDERAL RESERVE SYSTEM L • 4. 2 April 7, 1964. DECONTROLLED 1'°"^ ^ MATURITIES — FEBRUARY 1964 AND JANUARY 1964 (Percentage distribution of contracts) Maturities Pure]hased . paper Feb. Jan. Total Feb. Direct Loans Feb. New cars 24 months or less 25-30 months 31-36 months Over 36 months Total 22.0 5.6 71.7 0.7 23.6 5.7 70.0 16.5 4.5 78.1 0.9 17.8 4.7 76.5 1.0 33.9 7.8 58.1 0.2 56.6 100.0 100.0 100.0 100.0 100.0 100.0 13.9 13.0 34.8 12.5 35.0 14.9 10.2 11.3 11.4 10.6 53.2 44.6 21.3 16.3 38.1 24.3 22.1 16.2 38.1 23.6 100.0 100.0 100.0 100.0 100.0 35.6 7.6 Used cars \J 12 months or less 13-18 months 19-24 months Over 24 months Total 38.3 100.0 37.6 33.4 1/ 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 12$ banks for January and February and are not intended to be estimates for all commercial banks. In February, reports covered about 35,000 contracts on new cars, 24,000 purchased and 11,000 direct, and 29,000 contracts on used cars, 19,000 purchased and 10,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. For distribution according to maturities and contract balances as a percentage of dealer cost see following pages. Not for publication L.4.2 — 2 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1964 AND JANUARY 1964 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost \j 80$ or less 81# to 90# 91# to 100# 101# to 110# Over 110# Maturities 24 months Over 36 25-30 31-36 Total or less months months months Feb. 1 Jan. Feb. I Jan.Feb. I Jan. Feb. I Jan. Feb. 1 Jan. 8.9 2.3 3.0 1.3 0.5 PURCHASED PAPER & 1-7 1.0 2.9 1.0 1.4 0.1 0.5 0,3 16.0 14.9 15.0 15-0 27.2 26.5 14.4 15.0 6.4 7.0 1.5 1.1 1.0 0.6 0.2 0.1 0.1 C.l 0.2 0.2 0.2 0.1 0.1 _ M 26.7 18.2 31.5 16.4 7.2 26.0 18.6 30.6 17.0 100.0 100.0 Total 16.1 16.7 4.3 4.3 78.9 78.4 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 16.9 17.5 3.1 6.0 6.8 1.7 8.0 7-9 1-5 1.6 0.6 0.6 0.4 3.1 16.5 16.9 1.6 12.7 11.4 19.1 19.3 6.3 5.7 3.4 3.0 0.1 Total 33.0 34.4 8.9 9.1 58.0 56.3 0.2 0.2 100.0 100.0 0.1 28.7 18.9 30.7 14.9 0.6 0.6 0.1 6.1 0.1 DIRECT LOANS 15 ::: 36.6 20.4 30.3 8.3: 4.4 37.6 19.9 30.9 7.8 TOTAL 80# or less 81# to 90#, 91# to 100# 101# to 110# Over 110# Total 10.8 3.2 4.2 1.4 0.5 2.0 1.1 4.1 1.5 1.4 0.5 0.6 0.3 20.0 20.8 5.4 16.1 15.4 14.5 14.2 25.4 24.8 12.5 12.8 5.7 6.0 0.2 0.1 0.1 0.1 : 29.0 0.1 18.7 0.2 31.2 14.5 6.6 0.1 5.4 74.2 73.3 0.5 0.5 1.9 1.2 1.6 0.6 0.2 100.0 100.0 l/ 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 69 banks for January and February and are not intended to be estimates'for all commercial banks. In February, reports covered about 19,000 contracts on new cars, 15,000 purchased and 4,000 direct. Data are not comparable Jwarth previous releases since composition of the group of banks changes from month to month. Details may not add to totals because of rounding. i Not for publication L.4.2 - 3 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) FEBRUARY 19 64 AND JANUARY 1964 US5D CARS (Percentage distribution of contracts) Maturities Contract balance Over 24 12 months | 13-18 19-24 Total as percentage of months months or less i months wholesale value l/ 2/ Feb. | Jan.IFeb. i Jan. Feb. I Jan. Feb.|Jan. Feb. 1 Jan. PURCHASED PAPER 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 4.0 1.0 1.7 1.3 1.8 Total 9.8 3.7 1.0 2.1 1.5 2.2 3.0 1.3 2.2 1.5 3.0 10.4 11.0 2.7 1.5 2.0 1.4 2.5 6.3 4.3 8.5 5.2 9.1 6.0 6.6 6.4 5.2 6.0 5.8 8.5 12.1 11.2 5-0 7-3 7.9 9.6 13.7 14.0 19.8 12.6 24.7 15.3 27.6 18.8 13.4 23.8 15.8 28.3 10.0 33.4 34.2 45.7 45.4 100.0 100.0 DIRECT LOANS 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 12.6 2.8 4.2 2.2 1.9 12.7 2.8 3.4 1.6 2.1 Total 23.7 22.6 18.8 8C# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 6.4 1.5 2.4 1.5 1.8 7.3 2.9 4.8 1.7 iii 6.7 3-2 4.2 1.5 3.3 12.4 11.1 6.5 5.9 10.5 11.8 4.0 3.3 5.1 6.0 6.4 3.1 5.6 1.9 3.5 5.5 3.0 5.0 2.6 3.2 37.8 15.1 24.4 10.4 12.2 36.9 15.0 25.C 8.3 14,9 18.8 38.4 38.0 19.2 20.6 100.0 100.0 TOTAL Total 13.6 6.2 1.5 2.5 1.5 2,1 4.2 1.8 2.9 1.5 2.7 13.8 13.1 3.8 1-9 2.6 1.5 2.7 8.0 7.4 6.3 6.4 4.9 5-3 5.1 5.0 9.0 9.4 10.2 9.6 4.9 4.5 6.0 6.2 8.0 - M 10.7 ihi 24.8 13.2 24.5 13.9 23.8 13.8 24.1 13.6 24.5 12.4 34.7 35-1 38.2 38.3 100.0 100.0 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. 1 jp 1 NOTE: —Distributions are based on tabulation 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 15,000 contracts on used cars, 11,000 purchased % and 4,000 direct. Data are not comparable with previous releases since composi- j tion of the group of banks changes from month to month. >•» Details may not add to totals because of rounding. f
@FedFRASER