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, Not for publication BOAED OF GOVEENORS OF THE FEDERAL RESERVE SYSTEM January 23, 1962 X^iu2_ DUC'ONI R0LL£D".'AFPER,§1? « • 1T ) -- ... :>,u/K MATURITIES ON AUTOMOBILE INSTALMENT LOANS NOVEMBER 1961 AND OCTOBER 1961 (Percentage distribution of contracts) Total Maturities Nov. 1 Oct. r m Afew cars 24 norths or loss 25-30 months 31-36 nnntho Over 36 months Total To§7o Used cars l/ 12 months or less 13-18 months 19-24 months Over 24 months Total 18.4 18.1 37.2 26.3 100.0 29.0 27.0 61.6 64.7 7.9 __oJt 100.0 l! 27.2 100.0 Purchased paper Oct, Nov. 22.6 6.6 69.6 1.2 100.0 14.8 16.0 38.5 100.0 21.2 | direct loene Nov. 1 Oct. 100.0 42.0 12.1 45.5 0.4 100.0 41.7 11.9 46.1 0.3 100.0 13.6 15.5 38.8 -32J. 100.0 26.2 22.7 34.4 16.7 100.0 26.2 22.4 35.0 16.4 100.0 6.3 is 1/ Figures are predominantly for late model used cars but include data from a few banks for all used cars. NOTE: Distribtuions are based on tabulations of data from 129 banks for October and Scvembor and are not intended to be estimates for all commercial banks. In November, reports covered about 36,000 contracts on new cars, 24,000 purchased and 12,000 direct, and 18,000 contracts on used cars, 12,000 purchased and 6,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. For diotribtion according to maturities and contract balance as a percentage of dealer cost see following pages. •N^t> for publication - 2 - L.4,2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS NOVEMBER 1961 AND OGTOBijR I96I SEW CARS (Percentage distribution of contracts) Maturities 24 months 31-36 or less months Nov, 1 Oct. ' Nov,1 Octo -Nov. i Oct. ll Contract balance as percentage of coaler cost if Over 36 months Nov. I Oct.1 . Total 1 Oct,, PURCHASED PAPER 30# or less 12.7 12.3 - 51#- tc 90# 3.8 3.9 915" to 100# . 3.7 3.3 101% to 110/° 1.1 0,9 Over 110# _ M Total 21.8 20.8 0.1 0.1 0.1 0.1 2.4 1.5 1.7 0.8 _0^2 2.3 1.4 1,6 0*6 15.2 17.0 22.7 11.2 _5i2 15.0 16.3 24.3 11.2 -5iZ — — 6.6 6.2 71.3 72.5 0.3 0.5 * 0.3 0.1 30.4 22.4 28.2 13.1 5-9 29.6 21„7 29,5 12.6 6.4 100.0 100.0 DIRECT LOANS 80# or less 81# to 90# 91# to 100% 101# to 110# Over 110# Total 4.6 3.3 6.0 1.0 _0^2 12.8 12.8 9-1 10.7 13.0 13.9 4.8 3.8 2.1 JLS — —!L 15.2 15.1 41.5 43.3 0.1 3-2 1.7 2-7 1.0 -Oji 2.8 1.8 2.6 0.7 14.6 14.5 15.0 15.1 20.3 22.0 9.6 9.6 Jhl Jhl 0.1 8.7 8.2 63.8 23.3 23.3 7.2 7.3 10,0 9.1 2.1 1.4 0.4 _0Jt 5.3 2.3 5e8 1-5 43.1 41.4 15.3 14.7 4-7 4.6 4.6 5.3 1.0 1.3 _0,_4 0.1 0.1 41.5 18.8 28.9 8.3 40.7 21.1 29.2 6.2 2.8 0.2 100.0 100.0 0.1 0.1 0.2 33.2 21.5 28.3 11.9 5.0 32.1 21.5 29.5 11.3 0.4 100.0 100.0 0.1 * * TOTAL SO# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 27.2 25.3 66.1 0.1 — 0.2 1/ Contract balance does not include finance and insurance charges. * Less than one-tenth of one per cent. Note: Distributions are based on tabulations of data from 64 banks for October and November and are not intended to be estimates for all commercial banks. In November reports covered about 17»000 contracts on new cars, 13,000 purchased and 4,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. Details may not add to totals because of rounding. Hi • Nofr'for publication - 3 - L.4.2 DEALER COST RATIOS A1ID MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) NOVEMBER 1961 AND OCTOBER I96I USED CAES (Percentage distribution of contracts) 1 Maturities 12 months Over 24 19-24 13-18 months or less months' months Nov. 1 Oct. Nov. 1 Oct. Nov. 1 Oct. Nov. 1 Oct. Contract balance percentage of wholesale value l/ 2/ Total Nov. 1 Oct. = 'TffiCHASED I PAPER QOfo or less 81 % to 90% 91% to 100% 101# to 110% Over 1107$ 5.6 2.4 3.5 2.0 All Total 4.7 2.6 3.5 2.5 3-7 2.3 4.0 2.8 3.1 15.4 15.7 15.9 249 2.4 4.0 3.1^ 6.6 3-1 6.7 3.5 6.8 6.4 3.9 3.4 7.6 7.8 9.5 10.1 6.7 6.3 7-3 7.5 _li2 - M . M -111 16.2 ,39.4 40.1 29.1 27.9 19.3 15.5 24.7 13.8 21.7 17.5 14.9 25.3 19.4 100.0 100.0 DIRECT LOANS 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 13.5 3.7 4.4 3.0 1 13.8 3-7 5.3 2.7 25.7 27.O 3.3 2.7 4.1 2.4 2.2 2.6 2.0 3.4 2.3 22.7 22.7 3 6.6 38.0 14.9 12.2 8.4 3.2 6.3 3-0 9.0 10.a 7.0 8.0 3.9 7.5 7.2 11.5 11.1 5-0 5-5 3.3 34.4 17.1 26.3 13.4 8.8 33.4 17.6 27.1 13.9 8.0 100.0 100.0 TOTAL 80% or less 81 -Jo to 90% 91% to 100% 101% to 110% Over 110% Total 7.8 7.5 : 5.0 2.8 2.6 2.9 3.8 4.0 4.7 2.8 2.6 2.2 -2,1 _ u 18.3 19.1 17.8 4.2 7.3 7.7 3.5 6.9 2.9 7.0 3.5 5.0 10.0 10.4 6.6 3.1 6.7 6.9 5-5 JLk _6.0 18.2 38.6 39.5 3-0 3.0 6.4 5.1 25.1 23.1 23.5 16.0 25.1 17.3 18.1 22.3 15.7 25.9 17.7 18.4 100.0 100.0 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 40 banks for October and November and are not intended to be estimates for all commercial banks. In November reports covered about 8,000 contracts on used cars, 6,000 purchased and 2,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. Details may not add to totals because of rounding.
@FedFRASER