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J (fc-vty ^ — Not for publication ) 50 . ^ BOARD OP GOVERNORS OP THE FEDERAL RESERVE SYSTEM L.4.2 December 13» I960 MATURITIES ON AUTOMOBILE INSTALMENT LOANS ^CONTROLLED AFTER SIX MONTHS OCTOBER i960 AND SEPTEMBER 1960 (Percentage distribution of contracts)- Total Maturities New cars 24 months or less 25-30 months 31-36 months Over 36 months Total Oct. Sept. 26.1 8.5 64.8 0.6 100.0 24.1 9.6 66.0 100.0 |1 Purchased paper Sept. Oct. 20.3 6.8 . 72.) 0.6 100.0 .18,8 7.1 73-7 0.4 • 100.0 Direct loans Sept. Oct. 40.9 13.1 45.6 0.4 100.0 37.4 15.7 46.8 0 . 1 . 100.0 1 . 1I I 6 . 5 14.3 25.0 18.5 1 2 . 7 28.3 22.4 1 5 . 1 22.9 1 5 . 8 17.7 17.5 41.0 41.8 40.6 • 41.4 42.7 • 36.9 22.8 24.6 . 11.5 12.4 _J0A 100.0 1 100.0 100.0 100.0 100.0 100.0 j ! 1/ Figures are predominately 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 134 banks for September and October and are not intended to be estimates for all commercial banks. In October reports covered about 35*000 contracts on new cars, 25,000 purchased and 10,000 direct, and 17,000 contracts on used cars, 12,000 purchased and 5,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous-releases. Used cars 1/ 12 months or less 13-18 months 19-24 months Over 24 months Total 1 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 Not for publication L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS OCTOBER I960 AND SEPTEMBER I960 NE/ CARS ' (Porcentuge distribution of contracts) Contract balance as percentage of dealer cost 1/ 24 months - or less Oct. Sept. Maturities j Over 36 j 31-36 25-50 1 months months I months Oct. idept. i Oct. i Sept. ! Oct. i dept. Tot"l Oct. 1 Sept. PURCHASED PAPER .80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 12.4 3.2 3-4 0-7 _£i5 j 11.7 3.1 2.7 0.6 20.2 • 18.5 2.3 1.4 1.9 0.6 0.2 2-7 2.0 1.6 0.5 6.4 7.1 15.2 17.3 25*3 10.3 5-2 14.7 17.7 26.9 10.1 4.9 73-3 74.3 * 0.1 * * 0.1 * * * * 0.1 1 0.1 29.9 22.0 30.6 11.6 5.9 29-1 22.8 31.3 11.2 5*6 100.0 100.0 44.2 21.7 23.5 6.4 4.2 46.3 19.0 25.3 6 . 0 3»4 DIRECT LOANS 80# or less' 81# to 90# 91#to 100# 101# to 110# Over 110# Total 10.2 25.7 i 2 3 . 5 6.8 8.3 ' 5 . 9 3.5 3.5 6.8 7.2 4.-3 3.9 0.3 1.0 0 . 9 1.5 0.9- 0.8 0 . 9 11.7 1 12.6 9.8 9.6 14.-2 11.7 4.0 4.0 2.4 1 1.7 19.4 39.6 ! 42.1 43.2 38.4 16.3 15.3 4.4 4.1 0.9 0.6 14.5 3.8 3-8 0.6 0.5 3-4 1.8 2.4 0.6 0.4 4.5 2.3 2.2 0.6 0.4 25.3 23.2 8.6' 10.0 * * 0.1 0 . 7 0.1 0.1 * # 0 . 9 0.1 100.0 1 100.0 TOTaL 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 14.4 , 14.2 1 5 . 8 15.7 22.3 23.9 8.9 8.7 4.2 4.5 6 5 . 8 66.8 * * 0.1 0.2 * * * 0.3 * 33-1 22.0 29.0 10.4 33.2 21*9 29.9 9.9 100.0 100,0 1/ Contract balrnce does not include finance and insurance charges. * Less than one-tenth of one per cent. NOTE: Distributions are based on tabulations of data from 81 banks for September and October and are not intended to be estimates for all commercial banks. In October reports covered about 19,000 contracts on new cars, 15,000 purchased and 4,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. Not for publication - 3 DEALER COST RATIOS AKD MATURITIES Oil AUTOMOBILE INSTALMENT LOANS (continued) '0L.4.2 OCTOBER I960 AND SEPTEMBER i960 USED C.iRS . (Percentage distribution of contracts) Contract balance as percentage of wholesale value 1/ Z Maturities 12 months Over 24 13-18 19-24 1 iotal or less months months months Oct. |Sep%;. Oct. ISept.TOct. |3ept. Oct. ISept. | Oct. 1 Sept. PURCHASED PAPER Q0c/o or less 81% to 90# 91# to 100/ 101# to 110# Over 110# Total 3.6 2.3 2-3 1.9 -Li 4.4 2.3 3.0 1.9 2.9 2.0 2.7 2.3 13.4 14.9 14.4 14.3 2.8 5.8 1.6 8.2 15-9 3.8 3.1 4.2 6.9 1.8 1.7 JLiI 26.4 28.6 2.6 6.9 J 6.2 2.2 6.5 7.9 10.8 10.2 3.4 2.2 6.8 6.7 10.1 j 11.2 _ M 5.0 5.2 8.2 4.9 7.8 16.2 18.0 24.1 16.1 25.6 27.6 100.0 100.0 2.2 3.2 2.3 3.1 2.9 3-4 2.0 1.3 1.8 Jbl 35.2 17.4 25.9 10.3 11.2 38.6 17.1 21.1 10.0 41.1 | 42.2 31.1 15.3 3.0 I 18.4 16.0 5.6 24.0 7-5 15.9 5.3 6.2 25.7 DIRECT LOANS 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 21.7 8.7 I 3.6 4.4 2.6 1.6 | 20.9 j 10.5 10.8 8.4 7.4 9.8 9.6 4.4 4.9 _5i8 4.4 39.4 36.6 I2.5 13.9 100.0 100.0 TOTAL 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 1 / OnVi+vin y»» + 6.9 2.4 3-4 1.8 8.0 2.8 3.4 1.8 4.6 2.4 4.0 2.1 8.0 4.4 2.6 7.1 10.5 3.7 2.4 6.2 8.8 _ M 7-6 7.7 10.0 6.0 9.1 4.1 4.5 6.7 4.0 6.0 3.1 4.6 6.1 4.1 23.6 16.4 24.6 14.1 21.3 23.1 17.7 23.2 14.3 21.7 17.4 19.2 16.7 17.0 40.6 40.4 25.3 23.4 100.0 100.0 1 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 65 banks for September and October and are not intended to be estimates for all commercial banks.. In October reports'covered about 9,000 contracts on used cars, 6,000 purchased and 3,000 direct. Sinbe composition of the group of banks changes . from mpnth to month, data are not comparable with previous releases.
@FedFRASER