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APR1: :960 Not f o r public) t i o n BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM A p r i l 8, i960 L.4.2 DECONTROLLED AFTER q t v i , m MATURITIES ON AUTOMOBILE INSTALMENT LOANS X FEBRUARY i 9 6 0 AND JANUARY i960 (Percentage d i s t r i b u t i o n of c o n t r a c t s ) ' Maturities Total. Feb. • Feb. 21.6 9.1. 68.8 New cars 24 months o r l e s s 25-30 months 31-36 months Over 36 months Total 28.7 10.8 60.2 0.3 100.0 31.6 10.8 57.3 0.3 100.0 Used c a r s if 12 months o r l e s s 13"18 months 19-24 months Over 24 months Total 16.1 15.9 41.1 26.9 100.0 15.2 16.1 4-1.3 • _2£4 100.0 . Purchased paper Jan. Jan. Direct Feb. 100.0 23.5 9.0 67.O 0.5 100.0 43.4 14.5 42.0 . 0.1 100.0 12.4 13.2 42.3 -32J: 100.0 . 12.1 13.1 42.4 -MJt 100.0 25.2 22.6 38.3 J-.M 100.0 Jan. 48.1 14.4 37.4 100.0 22.9 23.6 38.6 100.0 l / F i g u r e s a r e predominately f o r l a t e model used c a r s but include data from a few"banks f o r a l l used c a r s . NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s of data from 136 banks f o r January and February and a r e n o t intended t o be estimates f o r a l l commercial banks. I n February r e p o r t s covered about 32,000 c o n t r a c t s on new c a r s , 22,000 purchased and 10,000 d i r e c t , and 17,000 c o n t r a c t s on used c a r s , 12,000 purchased and 5 000 d i r e c t ! Since composition of t h e group of banks changes from month t o month, data a r e n o t comparable with previous release's. For d i s t r i b u t i o n according to m a t u r i t i e s and c o n t r a c t balance as a p e r c e n t age of d e a l e r c o s t , see following pages. ftbt f o r p u b l i c a t i o n - L.L.2 2 - BE/LER 00ST RATIOS AND MATURITIES ON AUTOTDHL"LE INSTALMENT LOANS FEBRUARY I960 AND JANUARY i960 NEW CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Contract balance as percentage of d e a l e r cost 1 / 80% o r l e s s 81% to 90%. 91% to 100% 101% to 110% Over 110% Total 2h months or less Feb. 1 Jan. i ! 12.61 l i t . 3 i U.l lult ilcO a. 3 1.1 1.3 0.5 i 22.2 j 2a. 8 Ilaturlties 25-30 31-36 months months Feb, I Jan. j Feb. 1 Jan. Over 36 j months Feb* f Jan, | Total Feb, | Jan.: PURCHASED PAPER 3. a 2.2 2.7 0.9 o.a 2.9 . 12.9 2=a 16,1 2.6 23,0 1.1 10.3 o.a 5.6 9.6 9.a 67.9 12.2 I 13.9 21.2 12.5 5,7 0.1 1 0.1 0.1 1 * 0.1 i 0.1 ! 0.1 ; j l 65,5 0.3 ' 29,0 22.5 29.8 12.3 6. a 29.5 20,7 28,3 15,0 6.6 0.3 100.0 100.0 0.1 as. a 20.9 21,2 6.1 l'9.9 21.8 20=0 5.6 2.7 DIRECT LOANS Total 23.3 7.9 5.9 1,1 1-5 32.9 9.5 6.3 1.5 1,3 7.2 a.o a. 6 1.0 o.a 6.8 a.i a.i 0.8 0.3 12.9 9.0 10.7 3.7 1.5 10.1 8.2 9.6 3.3 1.1 I U5u0 51.5 17.2 16.1 37.8 32.3 i ^ ; * * i * : * 3.a § 80% o r l e s s 01% to 90% 91% to 100% 101% to 110% Over 110% 100.0 TOTAL 80% o r l e s s 81% to 9 0 % 91% to 100% 101% to 110% Over 110% Tot-1 17,1 5-1 ' a. 6 1.2 0.7 19.5 5.8 a.9 1.3 0.8 a. 5 2.7 3.2 1.0 o.a a.o 2.9 3.0 1.1 0.3 12.9 ia.i 19.5 s.a a, a 11.6 12.3 17.9 9.9 he. a 0.1 0.1 0.1 0 *. 1 0.1 * ,i 3b. 5 22.0 , 27.a 10.6 5.5 35.2 21.0 25.9 12. a 100.0 loo.o 0.3 11.3 i 59.3 i 1/ Contract "b^l^ncc does not include finance and insurance charges, -* Less th-^n one-tenth of one per c e n t . NOTE: D i s t r i b u t i o n s arc based on t a b u l a t i o n s of d a t a from 81 banks f o r January and February and arc not intended to be estimates f o r a l l commercial banks. I n February r e p o r t s covcred about 16,000 c o n t r a c t s on new c ? r s , 11,000 purchased and 5,000 d i r e c t . Since composition of the group of banks changes from month to month, d a t a are not comparable with previous r e l e a s e s . 28.7 32.3 11.8 56.1 0.2 Not f o r publication L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) FEBRUARY i960 AND JANUARY i960 USED CARS (Percentage d i s t r i b u t i o n of contracts) Contract balance as percentage of wholesale value l / 2 / i Maturities 12 months I Over 24 13-lB* j 19-24 or less ! months I months months Feb. i Jan. j Feb. ! Jan. 1 Feb. 1 Jan. Feb. 1 Jan. 1 80% o r l e s s 81% to 90% 91% to 1%% 101% to 110% Over 110% Total 4.1 2.2 Total PURCHASED PAPER lis ! _&6 4.2 2.4 2.1 1.7 1.2 3.8 2.2 2.3 1.6 2.1 2,7 2.2 2.6 1.9 1.9 8.4 8.6 11.3 7.8 7.1 7.8 9.1 11.2 7.2 8.9 5.2 5.9 10.2 6.6 j 11.8 11.6 12.0 11.3 43.2 44.2 33.0 I 80% o r l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% ' Total Feb. !j Jan. ' 4.2 6.3 8.7 21.5 18.9 25.9 17.8 15.9 18.9 20.0 24.6 17.8 18.7 32.9 1|100.0 100.0 4.3 3.1 2.1 47.0 19.4 16.7 8.3 8.6 46.7 18.5 18.5 8.4 __L9 11 DIRECT LOANS 16.4 1 1 6 . 0 3.0 1>8 o.l 1.3 j -tit 12.2 ] 24.3 23.7 23.4 ll & 6.4 . .2.9 3.1 1.6 3.4 1.9 3.0 2.2 2.8 12.9 3.3 4.0 2.0 1.1 15.0 10.2 7.7 3.2 14.9 7.9 8.7 3.7 23.3 39.0 37.7 13.3 115-3 100.0 100.0 jlO.O | 8.7 j10.4 I 6.1 I.&9 4.7 1 3.8 4.7 5-6 8.0 7.0 29.3 19.1 2J.1 14.9 13.6 27.5 19.5 22.7 14.9 15.4 TOTAL 80% o r l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 2.2 1.6 1.6 15.6 2.3 1.4 1.2 15.4 n 2.1 3.0 1.9 1.9 J L Z 15.5 15.0 10.4 9.1 10.2 6.4 41.9 J 42.1 i i JJ [27.0 27.5 100.0 100.0 1/ Contract balance does not include finance and insurance charges. 2/ Wholesale value represents "average wholesale/' "as i s / ' "or buying value" as indicated by used car guides. NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s of data from 6 5 banks f o r January and February and are not intended to be estimates f o r a l l commercial banks. I n February repoxts covered about 8,000 contracts on used c a r s , 6,000 purchased and 2,000 d i r e c t . Since composition of the group of banks changes from month to month, data are not comparable with previous r e l e a s e s .
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