The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
W--SM3^-v~~ i , rvsi Not for publication BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM U0^SS L.4.2 July 13, 1964. O ^ O ^ ^ ^ ^ ^ r ^ A U T O M p i L S INSTALMENT LOANS AT COMMERCIAL BANKS \ u A5 x9 A \ ° MATURITIES — MAY 1964 AND APRIL 1964 -i (Percentage distribution of contracts) Maturities Purchased pa]aer May April Direct Loans May April May. April 21,0 5-1 73.3 21.6 5.2 72.2 15.6 4.2 79.4 16.3 4.5 78.0 1.2 32.0 6.9 60.9 32.7 6.8 60.3 0.2 100.0 100.0 100.0 100.0 100.0 100.0 12.8 12.6 36.2 38.4 12.9 12.0 36.5 9.7 10.5 35.1 44.8 18.9 38.6 10.1 11,2 34.5 44.2 J5j1 19.8 15.3 39.5 25.4 100.0 100.0 100.0 100.0 100.0 100.0 New cars 24 months or less 25-30 months 31-36 months Over 36 months Total 0.6 Used cars "l/ 12 months or less 13-18 months 19-24 months Over 24 months Total 15.6 39.9 1/ 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 120 banks for May and April and are not intended to be estimates for all commercial banks. In May, reports covered about 50,000 contracts on new cars, 34,000 purchased and 16,000 direct, and $4,000 contracts on used cars, 23,000 purchased and 11,000 direct. 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* \ Hot for publication L.4.2 — 2 ~ DEALER COST RATIOS AM) MATURITIES ON AUTOMOBILE INSTALMENT LOANS MAY 1964 AN!D APRIL 1964 NEW CAES (Percentage distribution of contracts) Contract balance as percentage of dealer cost \J Maturities 24 months 25-30 31-36 or less months months May 1 Apr. May (Apr. May Apr. Over 36 months May 1 Apr. Total May 1 Apr. PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 9.1 2.1 2.7 1.4 0.4 9.2 2.0 2.9 1.4 0.4 1.7 1.0 0.9 0.4 0.2 1.6 0.8 1.1 0.5 0.2 15.8 15.9 4.1 4.2 17.4 15.8 26.2 13.6 6.5 79.9 79.5 16.7 15.9 26.8 13.9 6.6 0.1 0.1 0.1 0.1 27.5 19.1 30.5 15.6 28.2 18.8 30.3 15.6 0.2 0.3 100.0 100.0 DIRECT LOANS 17.6 5.5 7.5 1.4 19.0 5-5 7.0 1.1 3.4 1.8 2.5 0.6 3.4 1.2 2.5 0.5 19.3 20.1 11.0 10.5 19.6 19.6 6.1 5.8 2*8 0.2 0.1 0.1 0.1 0.2 0.1 0.1 40.5 18.2 29.7 8.2 42.7 Total 32.3 33.1 8.5 7.8 58.8 58.6 TOOCAL 0.4 0.5 100.0 100.0 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 11.2 2.9 3.9 1.4 0.4 11.5 2.9 3.9 1.4 0.4 2.1 1.2 1.3 0.4 0.2 2.1 17.4 0.1 14.7 1.4 25.1 0.1 12.0 0.2 -lil 18.0 14.5 24.7 11.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 30.7 18.9 30.3 13.8 19.8 20.0 5.2 5.1 74.8 74.5 0.2 0.3 100.0 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total l/ * -0-2 Jhl 17.3 29.2 7.6 31.7 18.4 30.0 13.7 6.2 100.0 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 66 banks for April and May and are not intended to be estimates for all commercial banks. In April, reports covered about 26,000 contracts on new cars, 20,000 purchased and 6,000 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 L.4.2 - 3 - DEALER COST RATIOS AH) MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) MAY 1964 AND APRIL 1964 USED CARS (Percentage distribution of contracts) Contract balance as percentage of wholesale value l/ 2j Maturities 12 months 13-18 19-24 or less months months May 1 Apr. i Mayl Apr. May T Apr. Over 24 months May lApr.[ Total May 1 Apr PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 3.2 0.8 1.8 1.4 3.3 0.9 1.6 1.3 2.2 1-7 1-9 1.4 2.1 1.6 1.8 1.5 ^ 0 5.1 5.2 8.7 6,0 10^ 5.6 5.4 8.9 5.7 10.0 5-1 6.0 10.6 7.7 1 M 5.4 6.5 10.7 8.0 14.9 Total 8.9 9.0 10.4 9.9 35.5 35.5 45.1 45-5 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 9.9 1.7 3.9 1.7 1.7 10.5 2.0 3.5 2.0 J-jl 15-6 13.8 23.0 16.4 31.2 16.4 14.3 23.0 16.4 30.0 100.0 100.0 DIRECT LOANS Total 19.0 -111 7.0 7.2 2.3 2.3 4.1 4.0 1.5 2.2 2.4 _ & 8 20.1 :17-3 18.5 11*9 6.2 12.3 3.8 7.3 12.5 5.5 9.6 6.1 6.2 6.5 3-3 5.6 2.2 4.6 7.0 3.2 4.4 2.7 4.2 41.4 40.0 22.3 21.4 35.3 13-5 26.0 9.2 16.0 37.3 13.0 21.5 13.0 15,2 100.0 100.0 TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 5.0 l.l 2.4 1.5 1.7 5.3 1.2 2.1 1.5 2.0 11.7 12.1 3.5 1.8 2.4 1.7 6.9 5-4 9.6 5.4 9.6 7.5 5.4 9.1 5.8 5.5 5.3 9.2 6.2 12.8 5.8 5-6 9.0 6.5 11*_1 12.2 12.3 36.9 36.7 39.0 38.9 3.5 1.9 2.5 1.4 2.9 20.9 13.7 23.7 14.5 27.0 22,1 14.0 22.6 15.5 25.8 100.0 100.0 l/ Contract balance does not include finance and insurance charges. 2/ Wholesale value represents "average wholesale," "as is," or "buying value" as indidated by used car guides. f NOTE: —Distributions are based on tabulation of data from 63 banks for and April and are not intended to be estimates for all commercial banks. reports covered about 16,000 contracts on used cars, 12,000 purchased and direct. Data are not comparable Kith previous releases since composition group of banks changes from month to month". may not add to totals Digitized forDetails FRASER because of rounding. May In May, 4,000 of the
@FedFRASER