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Not f o r p u b l i c a t i o n BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.2 February 7„. 1962 MATURITIES ON AUTOIOBLLE INSTALME2?IT[L0ANS DECONTROLLED AFTER SIX MOUTHS DECEMBER 1961 AND NOVEMBER 1961 (percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities IT 9W cr.ra £4 months o r l e s s 25-30 months 31-36 months Over 36 months Total Used c a r s l j 12 months o r l e s s 13-18 months 19-24 months Over 24 months Total j Total Purchased Paper Nov. Dec. | Direct loans Dec. Nov. i Dec. 1 ' Nov. 29.5 8.6 61.3 0.6 100.0 29.0 8.5 61.6 0.9 100.0 22.6 7-0 69.6 0.8 100.0 22.6 6.6 69.6 1.2 100.0 43.3 12.0 44.4 0.3 100.0 41.9 12.1 45.6 0.4 100.0 18.6 16.9 37.4 18.2 18.1 37.3 26.4 100.0 13.5 15.2 38.5 32.8 100.0 14.8 16.0 38.5 30.7 100.0 29.7 20.4 35.2 14 .J 100.0 25.7 22.7 34.7 100.0 — 100.0 1 l / Figures a r e predominantly f o r l a t e model u s e d 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 128 banks f o r November and December and a r e n o t intended to be e st i ma t e s f o r a l l comm e r c i a l banks. I n December, r e p o r t s covered about 30,000 c o n t r a c t s on new c a r s , 20,000 purchased and 10,000 d i r e c t , and 16,000 c o n t r a c t s on used c a r s 11,000 purchased and $,000 d i r e c t . Since composition of the group of banks changes from month to month, d a t a a r e n o t 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 m a t u r i t i e s and c o n t r a c t balance a s a percentage of d e a l e r cost see following pages. M3 Not f o r p u b l i c a t i o n - 2 L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT? LOANS DECEMBER 196l AND NOVEMBER 1961 (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 dealer cost l / 24 months or l e s s Dec. | Nov. Maturities 25-30 31-36 months months Dec. I Nov. Dec. | Nov. Over 36 months Dec. | Nov. Total Dec. I Nov, PURGEDLSED PAPER BSSeTg CO CO ONH 0 Total 13.5 3.6 4.2 1.1 12.7 3.9 3.7 1.1 22.8 21.8 21.7 7.3 11.2 1.6 22.6 6.9 11.8 1.9 4.9 2.3 6.7 0.9 4.9 2.4 6.1 1.4 0-3 43.6 15.1 15.1 14.9 16.4 23-7 10.3 2.9 1.5 1.9 0.7 2.5 1.5 1-7 0.8 -0^2 J h l 7-1 6.6 69.7 15.2 17.0 22.7 11.2 0.1 0.1 0.1 0.1 0.1 31-3 21.6 29.9 12.1 30.4 22.4 28.2 13.1 0.3 100.0 100.0 0.1 36.9 18.8 33.7 7.5 2.6 39.6 17.9 32.3 2ii 71.3; 0.3 DIRECT LOANS 80# or l e s s 81# t o 90# 91# to 100# 101# to 110# Over 110# Total 42.3 10.3 9-2 15.8 5-1 12.0 8.7 14.3 4.5 1-7 0.1 42.1 41.1 0.1 0.1 100.0 100.0 0.1 1 1 TOTAL 80# or l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# Total 15.6 4.6 6.0 1.2 0.5 15.3 4.7 5.9 1.3 - M 3-4 3-1 1-7 1-7 2.9 3-2 0.9 0.7 0.2 - M 13-6 14.5 21.6 9.0 - M 14.3 14.8 20.5 9-4 0.1 0.1 0.1 32.7 20.8 30.9 10.9 32.8 21.2 29.3 11-7 _ M 27.9 27.6 9 . 1 - 8.8 62.5 63-3 0.2 0.2 100.0 100.0 * Less than o n e - t e n t h of one p e r c e n t . Note: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of d a t a from 65 banks f o r November and December and a r e not i n t e n d e d to be e s t i m a t e s f o r a l l commercial banks. In December r e p o r t s covered about 14,000 c o n t r a c t s on new c a r s , 10,000 purchased and 4,000 d i r e c t . Since composition of t h e group of banks changes from month t o month, d a t a a r e not comparable with previous r e l e a s e s . Digitized forDFRASER e t a i l s may not add t o t o t a l s because of rounding. Not f o r p u b l i c a t i o n L.4.2 - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) DECEMBER 1961 AND NOVEMBER 1961 USED 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 wholesale v a l u e l / 2 / 12 months or l e s s Dec. | Nov. 13-18 months Dec. | Nov. Maturities 19-24 months Dec. | Nov. Over 24 months Dec. I Nov. Total Dec. I Nov. PURCHASED PAPER 80# o r l e s s 31# to 90# SVfo t o 100# 101# t o 110# Over 110# Total 5.4 2.5 2.9 1.4 -1A 5.6 2.5 3.5 2.0 JL2I 2.9 2.3 4.0 2.4 13.7 15.4 14.8 6.1 6.7 9-7 7.3 M 6.6 6.8 9.5 7.4 -1*2 3-9 4.1 8.3 7-7 3.5 3.9 7.6 6.7 JL5 18.2 15.6 25.1 18.7 22.3 19.3 15.5 24.7 18.8 38.8 59.4 32.7 29.1 100.0 100.0 3-1 1.8 3.0 2.7 3.6 2.8 4.3 2.5 2.2 37.0 15.5 24.9 12.6 10.0 34.6 16.6 26.1 13.7 9.0 12.7 15.3 100.0 100.0 3.7 3.4 6-9 6.2 6 6 3-5 3.6 6.7 5.6 6.0 23.8 15.5 25.1 I6.9 23.5 15.8 25,0 17.4 18.2 26.8 25.3 100.0 100.0 3-7 2.3 4.0 2.8 -hi 15.9 DIRECT LOANS 80# o r l e s s 81# to 90# 91# t o 100# 101# to 110# Over 110# Total 14.6 3.8 4.0 3-2 2.2 13.3 3.0 3.9 3.1 1.2 8.4 2.6 5.8 2.0 8.6 3.2 6.3 3-0 10.9 7.2 12.0 4.7 3.2 JLzl 27.9 24.5 21.3 22.9 38.0 37.2 8.1 2.9 3.3 1-9 - M 7.7 2.6 3.6 2.3 - M 4.5 2.4 4.6 2.3 5.0 2.6 4.7 2.9 7.5 6.8 10.4 6.5 17.9 17.9 16.7 9.2 7.6 11.5 5.1 TOTAL 80# or l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# Total 17.9 J L 1 7-3 7.1 10.0 6.7 -III 38.5 38.8 ' 1/ Contract balance does not i n c l u d 9 f i n a n c e arid i n s u r a n c e 'charge as i n d i c a t e d by used c a r g u i d e s . NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of d a t a from 39 banks f o r November and December and a r e not i n t e n d e d t o be e s t i m a t e s f o r a l l commercial banks. I n December r e p o r t s covered about 7,000 c o n t r a c t s on used c a r s , 5>000 purchased and 2,000 d i r e c t . Since composition of the group of banks changes Digitizedfrom for FRASER month t o month, d a t a a r e n o t comparable with previous r e l e a s e s . D e t a i l s may not add t o t o t a l s because of rounding. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
@FedFRASER