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.I3r Not f o r p u b l i c a t i o BOARD" OF GOVSR#ORS OF-TH3 FEDERAL RESERVE SYSTEM L.4.2 ^ c o m o i x ® AFTER SIX M MS (Percentage" d i s t r i b u t i o n of c o n t r a c t s ) . Maturities • J Purchased, paper Apr. . ' Total: - u: May Apr. May New c a r s 24 months or l e s s 25-30 months• -31-36 months Over 36 months Total — - ;28.5 10.4 ' 61.8 60.7 . 0.4 . 0.4 • 100.0 • i o o ^ Used c a r s l / 12 months or l e s s 13-18 months 19"24.months • Over 24 months . • T o t a l ; ' : •- 15.^: 15:3 ' . 12a . 16.6 3,6.0 ; : .. 13.6 42.1 " •41.9 . • 43.0 26;0 26.8 . . 3 1 3 ' '100.0 : • 100:0 : 100.0 28.2 / 21.3 . 7-7 70..5 ' 100.0 21.4 8.2 •69.9 . 100.q May roir lo$ms 41.9 ; 13 • 2 -44.9 . . 100.0 11.5' -• 23-6 24.6 • 13.4, 4 2 . 9 : • 40.0 %2 = -11.8 .100.0: 100.0 Apr. . 42.4 14.6 42.8 0.2 1,00.0 25.0 , 22.7 39.2 100.0 *Less than o n e - t e n t h o f one p e r c e n t . l / F i g u r e s a r e predominately f o r l a t e model used c a r s b u t i n c l u d e d a t a from. a few banks f o r a l l used c a r s . ; 5 . : 7,. . ; ;• • • : • • : : . HOTJ): - D i s t r i b u t i o n s a r e b a s e d on t a b u l a t i o n s .of data-frbin 136 banks f o r A p r i l and May and a r e not i n t e n d e d t o be e s t i m a t e s f o r a l l commercial banks I. In May . r e p o r t s coveted 'about '39,000 c o n t r a c t s ' on new c a r s , ; 26f000 -purchased and 13#000 d i r e c t , and 21,0(pQ. c o n t r a c t s ' o n u s e d . c a r s f l$j00^) -purchased and 6,000 Since, composition o f ' tlre~''group of -tianks; changes from imonth t o month,, d a t a a r e .not comparableiwith p r e v i o u s r e l e a s e s . . • •* • ' ' ' For " d i s t r i b u t i o n a c c o r d i n g t o @a$urities and contract-"balance 1 as a p e r c e n t age of d e a l e r cost', see f a l l o w i n g pages, . . IX Not f o r p u b l i c a t i o n DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE HSTALMENT LOANS L.4.2 MAY I960 AND APRIL I960 NEW CARS ( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s ) Contract balance as percentage of de: cost 1/ 24 months Over 36 31-36 25-30 I months months or l e s s months May | Apr. , May i Apr. I May , 1 Apr. ; May | Apr. Total May | Apr. PURCHASED PAPER 80$ or l e s s 61 j t o 90# 91$ t o 100$ 101# t o 110# Over 110$ Total 14.0 14.3 3-7 3.3 3.0 * 3.2 0.8 ' 0.9 0.3 0.5 21.6 22.4 28.3 7.5 6.0 1.9 1.0 29.5 7-9 4.5 1.7 0.9 44.7 #.5 2.8 2.0 2.2 0.7 M 3.1 | 2.1 1.8 0.7 QA 14.2 17.2 23.6 10.3 ->.0 Jhl — 7-9 8.1 70.3 69.3 0.2 7.3 3-7 3.8 1.1 w 8.9 3.3 3-6 1.3 0.6 16.2 17.7 13.0 17.5 23.5 10.4 * 0.2 0.1 0.2 31.0 22.5 29.0 11.8 30.4 23.4 28.6 12.0 100.0 100.0 51.3 19.4 19.6 6.4 52.5 19.4 18.8 6.4 2.9 100.0 100.0 36.9 21.6 26.3 10.2 5.0 37.0 22.2 25.7 10.3 DIRECT LOANS 80$ or l e s s 81$ t o 90$ 91 to 100$ 101 >0 to 110$ Over 110% Total 15.7 8.2 9.8 3.4 - M 14.1 8.2 10.7 3.3 -LLI * * 0.1 0.1 0.1 39.0 37.6 | 0.1 0.2 * * 0.1 0.1 * * * * TOTAL 80$ or l e s s 81$ to 90# 91$ t o 100$ 101$ to 110$ Over 110$ Total 18.1 4,5 3.9 1.1 0.6 18.8 4.9 3.6 1.1 4.2 2.5 2.6 0.8 0.2 4.9 2.5 2.3 0.9 M 14.6 14.6 19.7 8.3 Jhl 13.3 14.8 19.7 3.3 3.8 0.1 0.1 2872 28.9 10.3 11.0 61.3 59.9 0.2 0.2 IOO.O' 100.0 1/ Contract balance does not i n c l u d e f i n a n c e and i n s u r a n c e c h a r g e s . * 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 81 banks f o r A p r i l and May and a r e n o t intended to be e s t i m a t e s f o r a l l commercial banks. In May r e p o r t s covered about 20,000 c o n t r a c t s on new c a r s , 14,000 purchased and 6,000 d i r e c t . Since composition of the group of banks changes from month t o month, data a r e not comparable with p r e v i o u s r e l e a s e s . 137 got f o r publication - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) *L. 4 . 2 MAY I960 AND APRIL i960 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 ) JM.iATi.ties 12 months C o n t r a c t "balance 19-24 or less as percentage o f . nths who] e s a l e v-alue l / 2 / Z I April r Over 24 May A p r i l PURCHASED PAPER 80% o r l e s s 81$ to 90% 91# to 100% 101# t o 110# Over 110# Total Lo 2.3 2.6 1.8 2.1 12.8 . ; . ; 3.1 3.9 2.9 I 8.1; 8.6 1 SSI 7.5 2.2 8.0: 8 . 4 2.8 i 1 1 . 6 , 11.2 4 . 3 ; 4.5- 19.5: j£.9 5 . 1 ; 6.81 17.51 19.2 8.41 8 . 2 ; 2 5 . 1 | 24.3 2.0 6.8 1.8 2.1 i:! 1$ 1.9 11.3 ! 12.4 11.8 2.1 44.0 6.2 : 6.9' 18.0; 18.2 6.9 19.9 18.4 4 3 . 6 -^0.8 33.3 •'100.01100.01 DIRECT LOANS 80# o r l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# Total 100.0 100.0 ^ 39,^! TOTAL' 80$ o r l e s s 81# t o 90# 91# to ICO# 101# t o 110# Over 110# Total 7 . 1 ! 7.3 2.1 2.3 2.6 , 2.7 | 1.6 15.5 i 15.3 5.9 , 5.0 : 2 . 7 1i 2 . 8 1 2 . 9 1I 3 . 3 1 1.9 1.9 i — |: -7 14.9 I j 9,71 10.4 i 3 . 6 4 . 0 | 8.48.7 | 4.4i 5.8 10.2 | 7.1! 6.6 j 10.7 6 . 6 * 5.1-i 5 ^ 7.0; -Iii ! 42.9 ; 42.5 26.3 s 2 6 . 7 ! 1 7 . 8 : 19.4 " 23.3 I 22.8 15.5|15.5 1 7 . 1 ; 15.6 25.9127.3 100.0 100.0 1 / Contract balahce does n o t i n c l u d e f i n a n c e and- i n s u r a n c e c h a r g e s . "2/ Wholesale value r e p r e s e n t s "average w h o l e s a l e , " " a s i s , " " o r buying vaJue" a s 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 67 banks f o r A p r i l and May and a r e n o t intended t o be e s t i m a t e s f o r a l l commercial b a n k s . I n May r e p o r t s covered about 1 1 000 c o n t r a c t s on used c a r s , 8,000 purchased and 3.000 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 n o t comparable w i t h p r e v i o u s r e l e a s e s .
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