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9
Not f o r publication
L. U-
BQA-m^LGOT RNOBS OF THE FEDERAL RESFRVE SYSTEM
':arx
!
!
August 7, 1959
{ -.o-q "
TWrnwprJvrt T^. " ":
BECONTBpLLED mm
..TMATURITIES
LOANS
J^UtU.TlE5 ON
ON AUTOMOBILE
AUTUtiOtilLE INSTALMENT
1NSTALM
S lK UOSTES JUNE 1959 AND MAY 1959
(Perccnt? n.e d i s t r i b u t i o n of contracts)
Maturities
Total
June
May
New cars
2h months or l o s s
25-30 months
31-36 months
Over 36 months
Total
27.7
12.1|
59.5
O.ii
100.0
29.1
12.U
58.2
0.3
100.0
Used cars 1 /
12 months or l e s s
1 3 - 1 8 months
1 9 - 2 i t months
Over 2h months
Total
16.1
15.8
U2.9
25.2
100.0
15. h
16.7
1*2.7
25.2
100.0
Purchased
paper
June
May
20.6
10.7
68.2
22.U
9.8
67.3
100.0
100.0
12. U
12.6
Wl.O
11.6
13.7
U3.7
100.0
100.0
June
Direct
loans
May
1*3.6
16.U
39.8
0.2
100.0
1*2.7
17.8
39. h
OA
100.0
25.6
23.9
hO. 3
10.2
100.0
25.3
21.7
1*0.1
13M
1/ Figures are predominately f o r l a t e model used cars but include data from
a few banks f o r a l l used cars.
NOTE: Distributions are based on tabulations of data from 138 banks f o r
May and June and are not intended to be estimates for a l l commercial banks. I n
June reports covered about 38>000 contracts on new< c a r s , 26,000 purchased and
12,000 d i r e c t , and 2b,000 contracts on used cars, 17,000 purchased and 7,000
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 .
For d i s t r i b u t i o n according to maturities and contract balance as a percentage of dealer c o s t , see following pa;;es.
Not f o r publication
L.U.2
- 2 -
DEALER COST RATIOS AND MATURITIES
ON AUTOIDETLE INSTADiEMT LOANS
JUNE 1959 AND MAY 1959
NEW CARS
Contract balance
as percentage of
dealer c o s t 1 /
(Percentage d i s t r i b u t i o n of contracts)
Maturities
TITmonths"
25-30
Over 36
31-36
or l e s s
months
months
months
June | May ("June ? May .June , May June j May
Total
June |
Nay
PURCHASED PAPER
80% or l e s s
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total
12.9 13.6
3.3
3.7
2.9 .. 3.8
0.8 . 0.9
o.W
0.5
3.3
2.h
2.2
1.2
0.3
3,6
2.2
2.U
1.1
0.3
111. 9 13.9
17.0 1 6 . 1
23.0 22.8
10.6 10.5
>4.5
It. 7
20.3 ' 2 2 . 5
9.U
9.6
70.2
*
*
0.1
0.1
67.8 . 0 . 1
0.1
31.1
22.7
29.1
12.7
5. a
31.1
22.0
29.0
12.6
5.3
100.0
100.0
53.8
22.7
17.1
li.6
1.8
DIRECT LOANS
80% or l e s s
81% to 90%
91% to 100%
101% to 110%
Over 110%
.Total
31.8
7.7
5.7
1.2
O.b
28.5
7.3
5.7
1.3
0.3
9.7
U.5
h.6
0.5
0.3
10.9
7.1
2.9
0.6
G.li
13.6
9.1
7.5
2.3
1.1
Ih.k
8.3
8.5
2.7
1.1
U6.8
U3.1
19.6
21.9
33.6
35.0
- 17.8
h.h
3.6
0.9
O.h
17.8
it. 7
h.3
1.0
O.U
5.0
2.9
2.9
1.0
0.3
5.6
3.6
2.6
1.0
0.3
27.1
28.2
12.1
*
*
*
*
55.1
21.3
17.8
LO
1.8
*
100.0
100.0
37. U
22.3
25. h
10. U
U.5
37.lt
22.2
25.7
10. U
U.3
*
. *
' TOTAL
80% or l e s s ' 81% to ?0%
91% to 100%
101% to 110%
Over 110%
Total
1U.6 I lh.O
15.0 13.9
18.9 18.8
9.3
8.U
3.6
3.8
1 3 . 1 -60.7
58.6
*
#
0.1
0.1
0.1
0.1
100.0
100.0
'Less than one-tenth of one per cent,
NOTE: D i s t r i b u t i o n s are based on tabulations of data from 81 banks f o r
May and June and are not intended to be estimates f o r a l l commercial banks.
I n June reports covered about 20>000 contracts on new cars, 15,000 purchased
and 5,000 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 .
m
Not. f o r
ic
- 3 -
1.4.2
DEALER COST EATIOS AM) MATURITIES
CTT AUTOMOBILE INSTALMENT LOANS (continued)
JUNE 1959 AND MAY 1959
USED CARS
(Percentage d i s t r i b u t i o n of contracts)
Maturities
Over 24
1 19-24
12 months
13-18
months
or l e s s
months
j months
June 1 May j j u n e j May 1 June | May June | May
Contract "balance
as percentage of
Total
June | May
PURCHASED PAPER
80$ or l e s s
81# to 93#
91# to 100#
101# to 110#
Over 110#
3-5
2.1
1.8
2.0
JL-5
2.9
j 3-5
1.6
2-5
2.3
! 1-9
| 1.8
1.9
1 1 . 4 __2>2
8.3
I 3 . 2 i 7.6
j 2.2
8.7
8-7
j 2.4 10.1 10.7
8.9
8.9
i 1-7
LiLS _ 9 j = : 8.6
ro
10.9 110.2 111-8 111.5 i 4 4 . 4
Total
4.6 j 5 . 1
5.6
5-1
10,3 1 0 . 1
6.6 1 6.3
5.8 j 6.5
18.6
18.9
24.5
19.4
,18.6
20.1
17.6
25.1
18.7
18.5
|32.9 133.1
100.0
100.0
DIRECT LOANS
Total
27.4
26.7
25.1 1
j|12.7
|110.2
1 8.4
1 4.4
U i l
i
I
|1
1
1
2.7
1.2
2.3
1.6
0^8
| 2.1
j 2.5
1 2.1
1 1.2
1 1^5
j, 4 8 . 0 |
1 18.6 j
j 19.8|
7-4 i
1
1
44.3
21.9
18.9
7.8
138.9 |139.1 |1 8 . 6 | 9*4 j100.0 1100.0
TOTAL
1
80# or l e s s
81# to 90#
91# to 100#
101# to 110#
Over 110#
j l l . 9 14.1
9.0
5.6
9.2
i 5.1
3.6
1 1-3
l - M JL2
CO
18.3 j17.6 j112.9
4.4
3.6 | 4.0
2.8
3-3 I1 5 . 5
0 . 9 jI 1-3
0.9
1.0
1.3 _ljb
80# or l e s s
81# to 90#
91# to 100#
101# to 110#
Over 110#
7-6
2.7
2.1
1.7
4.0
9.6
'7.6
5 - 7 .11 5 . 7 . 9A
4.4
8.8 ' 9.2
2.2
3.1
2.9
8.1
3.2
3.1
2.3
9 . 9 10.0
5.3
7.4
1.7
7.5
1-5
1.7
__2J)
J
L
5
_J._.4
J - . i l j L i JLl1
j 4.2
1 4.4
j 7-8
j 4.8
L5-0
1 26.7
j 18.8
j 23.2
j 16.1
|J - 5 i S
I 27.1
18.9
23.3
j 15.5
IJ ^ 2
15.4 4 2 . 9 43.4 26.3 |2o.2 |100.0 j100.0
1
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 tabulations of data from 81 banks f o r May
and June and are not intended to be estimates f o r a l l commercial banks. In June
reports covered about 13,000 contracts on used cars, 9,000 purchased and 4,000
d i r e c t . Since composition of the group of banks changes from month t o month, data
are not comparable with previous r e l e a s e s .
Total
15.4
15.0
15.4
@FedFRASER