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Not f o r -publication L.4.2 BOAUD OF GOYEBNOBS OF THE FEDERAL ESSER7E SYSTEM December 10, 1957 DECONTROLLED AFTER SIX MONTHS MATCJBITXES ON AUTOMOBITS INSTALMENT LOANS OCTOBER 1957 AND SI22EM3ER 1957 (Poreoutage d i s t r i b u t i o n cf contracts) Maturities Oct, Total Pur shasod Piapor ._ Sept. Oct, Sept. Nov cars 24 months or l o s s 25-30 months 31-36 months Over 36 months Total 31.4 22.0 46.3 0.3 100.0 32.0 21.8 45.9 0.3 100.0 Used cars l / 12 months or l e s s 13-16 months 19-24 months Over 24 months Total* 19.7 22.5 43.9 _!L9 100.0 20.0 23.1 43.2 13.7 100.0 1i I1 Direct loans Sort, Oct. 23.6 20.1 55.9 0.4 100.0 24.9 19.4 55-3 0.4 100.0 51.3 27.1 21.6 100.0 16.8 20.1 45.2 17.9 100.0 17.4 21.2 43.8 17. b 100.0 26.5 27.9 40.9 4.7 100.0 49.6 27.7 22.6 0.1 100.0 26.2 27.5 41.8 100.0 than one-tonth of pno por cent. 1/Figures aro prodoninatoly f o r l a t o model ueod cars but includo data from a few banks f o r a l l used c a r s . NOTE: Distributions aro basod on tabulations of data from 136 banks f o r Serjtcnbor and October and aro not intended to bo estimates f o r a l l commercial banks. In October roports covered about 32,000 contracts on now cars, 23,000 purchased and 9,000 d i r e c t , and 24,000 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 . *Looq 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 contract balance as a percentage of dealer c o s t , see following pages. # Not f o r publication L.l*.2 - 2 - DEALER COST RATIOS AND 1'IATUPll 1 f S ON AtTL'OI-jjBrLE INSTALM \FT ID/'lib OCTOBER 1957 AMD SEPTEMBER 1957 MEW CARS Contract balance as percentage of dealer cost 1/ (Percentage d i s t r i b u t i o n of contracts) Maturities 21* months 25-30 Over 36 31-36 or l e s s months months months Oct. 1 Sept. Oct. 1 Sept. Oct. I Sept. Oct. 1 Sept Total Oct. Sept. 0.1 0.1 0.1 36.6 21.0 26.9 11.2 36.3 21.8 26.9 10.9 lul 100.0 100,0 21.2 19.3 3.3 1.2 55.0 55.6 21.1* 16.8 5.6 0.6 * 100.0 100.0 0.1 * 0.1 ; * 0.1 0.1 1*1.1 21.0 25.0 9.3 3.6 1*1.0 21.7 2l*.l* 9.6 3.3 0.2 0.2 100.0 100.0 PURCHASED PAPER 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 16.0 3.9 3.1 0.8 17.2 3.8 3,5 1.0 o.l* 6.S 2.9 1.0 2U.1 25.9 22.9 7.1 S.H 13. U 11.7 17.1 7.5 3.0 12.1 12.1* 17.1 7.1' 3.2 0.1 K 0.2 52.7 51.9 0.3 0.3 6.3 3.2 li.O 0.9 0.2 5.1 3*7 2.1* 1.6 0.2 * * * * -* * 3U. 7 11*. 6 13.0 7.0 5.5 6.2 2.7 0.5 21.9 * DIRECT IOANS 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 35.1 10.8 6.9 1.1* 0.2 36.1* 13.6 7.2 9.1 6.0 8.1* 0.6 1,0 0.2 0.8 51*. 1* 52.3 31.0 LH.1 8.6 8.1* 3.1* 0.2 * * TOTAL 80% or l e s s 81% to 90% 91% to 100% 101% to 110%' Over 110% Total 20.6 5.6 i*.o 0.9 0.3 21.9 5.1 l*.l 0.9 0.3 31. H 32.3 8+3- 5.8 6.9 2.1* 1.0 2H.B 10,1* 8.7 11,7 6.3 9.6 ! 10.3 6.7 11*. 0 13.5 6.0 2.8 5.8 . o,5 2,3 2.5 25.0 1*3.6 1*2.5 % * *Less than one-tenth of one per cent. MDTEr Distributions are based on tabulations of data from 89 banks f o r September and October and are not intended to be estimates f o r a l l commercial banks. In October reports covered about 17,000 contracts on new c a r s , 13,000 purchased and it,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 releases. Y ^ N o t f o r publication - 3 - L.4.2 I DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE LOANS ( c o n t i n u e d ) f OCTOBER 1957 AIM SEPTEMBER 1957 USED CARS (Percentage d i s t r i b u t i o n of contracts) Maturities Over 24 I 19-24 Contract balance 12 months 13-18 Total months ! months as percentage of or l e s s months wholesale value l / 2/ Oct. 1 Sept. Oct. I - Sept. i Oct. I Sopt. Ocfc. 1 Sept. Oct. ISept. PURCHASED PAPER 80$ or l o s s 81$ to 90$ 91$ to 100$ 101$ tg 110$ Over 110$ 5.4 5.4 ""2.1 2.2 3.4 3.9 2.0 1.6 2.6 - M . Total 15.1 16.5 \i 3.6 3.1 4.9 3.1 26.0 18.0 26.1 14.4 24.6 17.8 25.1 15.2 i L d 18.8 17.6 100.0 100.0 16.9 16.5 8.7 7.7 8.5 '11.3 4.2 5.8 3.2 2.7 1.2 1.1 1.4 0.4 M 1.2 1.1 1.3 0.1 50.1 50.2 16.9 16.3 21.3 28.0 i 42.6| 42.9 4.8 4.4 100.0 3.0 11.6 8.3 11.4 6.6 6.3 5.6 _ l - 3 3.1 2.6 4.2 2.4 2.1 2.9 2.4 3.8 2.2 2.2 33.4 17.7 23.8 12.6 12.5 22.0; 23.5 l»5.6j 43.9 14.4 13.5 100.0 4.0 3.2 6 . 1 | 10.8 9-5 5.8 3 . 1 4.0 8.5 9.6 12.7 11.5 4-5 4 . 8 7.2 2.9 6.9 2.5 3.3 - 1 : 1 . £ £ J A . _&7 44.4 19.2 21.5 46.9 DIRECT LOANS 80$ or l o s s 81$ to 90$ 91$ to 100$ 101$ TO 110$ Over 110$ Total 16.4 3.4 3.5 0.7 16.4 2.5 ,3.9 0.9 0.9 J L L 24.6 24.7 | 28.0 15.6 4.6 5.0 1.5 1.3 16.1 4.1 1.2 18.8 8.6 6> OJ. 100.0 TOTAL I /i 18.0 19.1 U Total 1 2.1 8.8 2.6 3.8 1.6 2.3 8.8 2.2 80$ or l e s s 81$ to 90$ 91$ to 100$ 101$ t s 110$ Over 110$ ha 8.8 3.6 4.7 2.2 2.7 Vo 4.9 2.4 12.7 32.5 17.3 23.9 M 100.0 I 2/tfholesale value represents "average wholesale," "as i s , " "or buying value" ae 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 89 banks f o r September and October and are not intended to be estimates f o r a l l commercial banks. In October r e p o r t s covered about 14,000 contracts on used cars, 10,000 purchased and 4,000 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 . I
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