Full text of L.4.2 Auto Loans by Commercial Banks : Maturities and Dealer Cost Ratios : December 12, 1961

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
L.4.2

^nmiTEOLLED AFTER SIX

December 12, 1961
tt0ST

DBUU

^ATURITrES ON AUTOMOBILE INSTALMENT LOAMS
OCTOBER 1961 AND SEPTEMBER 1961
(Percentage distribution of contracts)

Total

Maturities
N ew cars
24 months or less
25-30 months
31-36 months
Over 36 months
Total

Used cars l/
12 months or less
13-18 months
19-24 months
Over 24 months
Total

J

.rurcnaeod
paper
Oct. i Sept.

Oct.

Sept.

27.0
8.1
64.3
0.6
100.0

24.7
8.1
66.7

21.1
6.1
72.3

100.0

100.0

16.8
17.4
38.0

18.3
18.4
37.4

13.5
15.0

100.0

100.0

1
|

Direct
Oct.

! Sept.

42.1
13.1
44.1

40.2
12.9
46.4

100.0

100.0

100*. 0

37.7.

14.4
16.6
37.5

23.6
22.4
38.5

-2M'
100.0

100.0

100.0

19.0
6.4
74.2

26.9
22.6
37.3
1 J3.2
j 100.0

l/ 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 128 banks for
September and October and are not intended to be estimates for all commorcial
banks. In October, reports covered about 40,000 contracts on new cars, 29,000
purchased and 11,000 direct, and 23,000 contracts on used cars, 15,000 purchased
and 8,000 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 pages.




Not for publication
L.4.2

DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
OCTOBER 1961 AND SEPTEMBER 1961
NEW CARS
(Percentage distribution of contracts)

Contract balance
as percentage of
dealer cost l/

24 months
25-30
or less
months
Oct. I Sept. Oct. I Sent.

Maturities
Over 36
31-36
j
Total
months
months
Oct. I Sept. Oct. i Sept. | Oct. | Sept.

PURCHASED PAPER
80# or less
81# to 9096
91# to 100#
101# to 110#
Over 110#
Total

12.2
3-5
3.4
0.9
0.4

11.2
3.3
2.9
1.0

2.3
1.4
1.6
0.6
- M

2.4
1.4
1-7
0.5
-2sl

20.4

18.7

6.2

6.-3

23.8
8.2
8.9
1.5
0.4

20.4
6.9
7.5
3.3

4.7
3.5
6.1
1.0
0.2

5.1
3.0
5.4
1.2
- M

42.8

40.0

15.5

15.4

14.9 " 14.5
16.7
17.1
24.4
26.1
11.2
10.8
-ill

0.1
0.1
0.3

74.8

0-5

0.2

100.0

10G.0

72.9

0.1
0.1

28.1
29.5
21.8
21.7
30.8
29.7
12.4
12.7
6.4 _ i a 2

DIRECT LOANS
80tfo or less
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total

13.0
9.2
13.0
3.9
2.2

12.6
8.7
14.8
5.1
2.8

0.1
0.1
0.2

0.1
0.1
0.2
0.2

41.6
21.0
28.2
6.4
2.8

38.2
18.7
27.9
9.8

41.3

44.0

0.4

0.6

10G.0

100.0

0.1
0.1
0.2
0.1

32.1
21.1
29.8
11.4

Jill

14.1
15.3
23.7
9.7
_5t5

30.2
20.8
30.5
11.9
6.6

66.0

68.3

0.5

TOTAL
80# or less
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total

14.7 j 13.2
4.4 j 3-9
4.8
4.0
1.0
1.4
-OA - M

2.8
1.6
2.8
0.7
_o^

2.9
1.6
2.6
0.7

23.2

8.2

8.2

j 25.5

14.5
15.0
22.0
9.6

0.2
0.1
JL
0.3

100.0

* Less than one-tenth of one per cent.
NOTE: Distributions are based on tabulations of data from 64 banks for
September and October and are not intended to be estimates for all commercial
banks. In October reports covered about 18,000 contracts on new cars, 14,000
purchased and 4,000 direct. Since composition of the group of banks changes
from month to month, data axe not comparable with previous releases.




100.0.

m

#
- 3 -

Not for publication

DEALER COST RATIOS AND MATURITIES
ON AUTOMDBILE INSTALMENT LOANS (continued)

L.4.2

OCTOBER 19D1 AND SEPTEMBER I96I
USED CARS
(Percentage distribution of contracts)
Contract balance
as percentage of

Over 24
~~ 19-24
13-10
|12 months
months
months
months
'1 or loos
Oct.ISept.
Oct.1
Sept.
Oct.ISept.
1 Oct.ISept.

Total
Oct.

1 Sept.

PURCHASED PAPER
80% or less
81# to 90#
91# to IOC#
101# to 110#
Over 110#

2.2

2.8
2.1

4.2
4.5
10.7
5.4

3.9
4.5
11.0
4.6
JL§

20.0
16.6
25.7
16.7
21.0

19.7
16.0
26.2
15.6
22.3

31.7

31.6

100.0

100.0

7*2 ,10.1
8.0
4.5
6.8 11.1
5.3
3.3
2.9

2.6
1.6
3.1
1.8
2.7

2.8
1.4
2.7
2.8
2.6

33.2
16.0
25.6
12.6
12.6

34.1
15.8
22.4
14.2

40.3

11.8

12.3

100.0

100.0

3.8
3.7
8.6
4.4
5.7

3.5
3.7
8.9
4.2
6.3

23.7
16.4
25.7
15.5
18.7

23.3
lo.O
25.3
15.2
20.2

6.4

3.5
3.0
3.3

4.0
3.1
3.6

1:1

li.

3,2

JL5

2.2

8.7
6.4

6.2

8.8
6.7

Total
DIRECT LOANS
80# or less
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total

13.3 14.0 ! 7.2
3.0 | 3.7
2.7
4.1 j 6.7
4.7
2.7
3.2
2.3
1.8 1 2.2
1.9
24.9

25.6 (23.0 24.7

TOTAL
80# or less
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total

4.5
2.2
2.1

3.1
2.3
2.3

17.8

17.7

3.5

3.2
4.2

2.8

4.8

8.0

U

6.9
9.4

3.1

2.4
3.2

17.8

18.3

6.1
7.8

a
8.9
6.3
8.4

38.2 3 7 A

26.2 26.6 100.0 100.0

1/ Contract balance does not include imance ana maaxduoo
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 46 banks for
September and October and are not intended to be estimates for all commercial
banks. In October reports covered about 10,000 contracts on used cars, 7,000
purchased and 3,000 direct. Since composition of the group of banks changes
from month to month, data are not comparable with previous releases.