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Not for publication \ BOARD OF GOVERNORS OF THE FEDERAL R3S1RV3 SYST3M L.4.2. 1 January 13> 1964 .' ' ' AUTOMOBILE IN 5TAK13NT| LOANS AT COMI! 1RCD.L BANKS DECONTROLLED AFTER SIX MONTHS L*MAIURITI — NOVEL 3 JR 1963 AND OCTOB ER 1963 (Percentage distribution of contracts) Maturities Total Nov. Oct. Purchased paper j Oct. Nov. New cars 22.9 5.6 70.9 0.6 19.5 5.0 74.9 0.6 17.6 4.4 77.2 0.8 38.4 8-3 53.0 0.3 1C0.0 100.0 100.0 100.0 100.0 14.8 13.3 35.8 36.1 14.9 13.4 11.8 11.7 35.6 40.9 22.0 2 0 . 9 16.3 38.6 23.1 3 9 . 5 34.8 11.0 11.8 34.4 42.8 100.0 100.0 100.0 100.0 100.0 O (Ml Total 1 25.7 6.1 67.7 0.5 IACO VO O 24 months or less 25-30 months 31-36 months Over 36 months Direct Loans Oct. Nov. 100.0 Used cars i f 12 months or less 13-18 months 19-24 months Over 24 months Total 3 6 . 9 16.5 2 5 . 1 100.0 if 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 12 1 banks for October and November and are not intended to be estimates for all commercial banks. In November, reports covered about 37,000 contracts on new cars, 25,000 purchased and 12,000 direct, and 25,000 contracts on used cars, 17,000 purchased and 8,000 directv Data are not comparable with previous releases since composition of the group of banks changes from month to month. For distribution according to maturities and contract balances as a percentage of dealer cost see following pages. 26,5 Not for publication L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE IiTST . L L O A N S • NOVEMBER 1963 AND OCTOBER 1963 m?:l CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost 1/ 24 months or less Nov. | Oct. Maturities 25-30 31-36 months months Nov. 1 Oct. Nov. 1 Oct. Over 36 months Nov. | Oct. Total Nov. i Oct, PURCHASED PAPoR 80# or less 81# to 90% 91# to 100# 101# to 1.10# Over 110/6 Total J2iS 9.7 2.4 3.4 1.3 0.4 2.0 1.1 1.3 0.5 0.1 1.7 0.9 1.0 0.4 0.1 15.6 15.6 24.9 13.4 6.1 15.7 16.2 27.2 13.0 6.0 18.9 17.2 4.9 4.1 75.6 78.0 10.3 2-5 4.2 1.4 0.1 0.1 0.2 0.1 0.1 27.9 19.2 30.6 15.5 6.8 27.1 19.7 31.7 14.9 6,7 0.5 0.6 100.0 100.0 0.1 0.1 0.1 0.1 0.1 39.4 19.9 30.1 7.4 —ill 40.6 20.4 28,8 6.5 - M 0.3 0.2 100.0 100.0 0.1 0.1 0.2 0.1 0.1 0.1 0.2 0.1 0.1 3 0 . 6 29.6 19.3 19.7 30.3 3 1 . 0 1 3 . 5 1 3 . 1 5.9 6.0 0.5 0.6 100.0 100.0 0.1 0.2 0.2 DIRECT LOANS 80io or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 20.7 7.0 9-3 1.4 0.5 20.2 6,2 8.0 1-3 0.6 3.6 1.9 3.7 0.8 0,2 38.8 36.1 10.2 12.7 3.5 5.4 1.4 0.5 11.8 3.2 4.4 1.3 0.5 2.3 1.3 1.9 0.6 0.2 16.9 12.6 17.1 4.8 3.5 15.1 1.7 10.9 3*6 17.0 0.5 5.2; 0.2 - i l l - M 9.5 50.7 54.1 TOTAL 8 0 # or less 81# to 90# 91# to 100# 101# to 110# Cver 110# Total 23.6 21.1 6.2 15.4 14.4 22.9 11.4 5.2 15.8 15.4 24.9 11.2 5.3 5.3 69-3 72.6 2.1 1.1 1.5 0.5 0.2 include finance and insurance charges. * Less than one-tenth of one per cent. NOTE: —Distributions are based on tabulations of data from 66 banks for Octobeand November and are not intended to be estimates for all commercial banks. In November, reports covered about 20,000 contracts on new cars, 15,000 purchased and 5,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. Details may not add to totals because of rounding. Not for publication - 3 - DZI.LZR L.4.2 C03T RATIOS AND M U E i m S ON AUT0I-10BILE INSTALIiENT LOiNS (continued) NOVEMBER 196$ AND OCTOB 196? USED CaRS '^(Percentage distribution of contracts) Contract balance as percentage of 12 months .' or less y Nov.I Oct, Maturities 19-24 13-18 months months Nov.I Oct. Nov.| Oct. Over 24. months Nov.| Oct. Total Nov,| Oct. PAPER PURCHASED : 80# or less 81# to 90/° 91# to ICO# 101# to 110# Over 110# Total 3.7 1.1 1.8 1.4 2.0 10.0 3.7 .= 1.0 2.1 1.6 2.3 10.7 2.5 1.8 2.3 1.6 3.0 11.2 16.8 16.2 24.7 16.0 26.2 1.4 3.2 5.5 5.9 9.7 6.2 8.7 6.0 5.4 8.9 6.2 9.8 5-1 7.5 11.0 6.8 12.5 5-1 6.1 11.6 6.4 12.6 11.2 36.0 36-3 42.8 41.8 100.0 100.0 2.4 1.7 2.5 17.3 14.2 25.0 15.7 27.3 DIRECT LOANS 80# or less 81# to 90# 91# to 100#, 101# to 110# Over 110# Total 10.6 2.8 3.9 1.7 2,1 12.7 2.6 4.1 1.4 2.2 7.3 2.7 5.6 1.8 2.6 7.6 2.7 4.9 1.8 2.7 11.8 6.6 12.2 4.3 5.1 12.5 6.9 10.6 3.5 5.4 5.8 2.8 5-4 2.3 2.8 21.0 22.9 20.1 19.7 39.9 38.8 19.1 5-7 1.6 2.4 1.4 2.0 6.3 1.5 2.7 1-5 2.2 3.9 2.0 3.2 1.7 2.9 3.9 2.0 3.1 1-5 _I-o 7.3 6.0 10.4 5.7 7.6 7.9 5.8 9-3 5.4 8.5 5.3 6.1 9.3 5.4 9-7 •13.1 14.1 13.7 13.5 37.0 36.9 35.8 5-9 2.9 4.6 2.3 J.-2 35.4 14.8 27.0 10.1 12.6 38.7 15-0 24.2 8.9 13.3 18.6 100.0 100.0 T O M 80# or less 81# to 90# 91# to ICO# 101# to 110% Over 110# Total 5.3 5.2 9-6 5-2 9.9 22.2 15.8 25.3 14.3 22.2 23.3 14.4 24.7 13.7 23.7 35.2 100.0 100.0 l/ Contract balance does notxjinclude finance and insurance charges. 2/ Wholesale value represents "average wholesale," "as is," or "buying value" as indicated by used car guides. NOTE: —Distributions are based on tabulation of data from 62 banks for October and November and are not intended to be estimates for all commercial banks In Novemberjreports covered about 12,000 contracts on used cars, 9>000 purchased and 3,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. Details may not add totals because of rounding. • ; j ; | j f I
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