The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
RD OF GOVERNORS OF THE FEDERAL RESERVE. SYSTEM July 16, 1970 L.4.2 1 DECONTROLLED A i t ® DIRECT A U T O L O A N S B Y COMMERCIAL BANKS ' ' April 1970 May 1970 'c-l! t> ^ Three months ending M a y * 1970 | 1969 NEW CAR CONTRACTS Per cent of contracts written for: 24 months or less 25-30 months 31-36 months Over 36 months 26.0 25.7 6.3 67.5 6.1 26.2 6.2 67.9 0.3 67.3 0.3 68.8 86.8 86.8 0.2 25.3 5.5 0.5 Contracts written for 36 months: Median loan/value ratio USED CAR CONTRACTS Per cent of contracts written for: 12 months or less 13-18 months 19-24 months Over 24 months 14.9 13.3 35.3 36.5 16.6 12.5 35.8 35.0 15.4 12.6 35.3 36.6 16.4 12.9 35.5 35.L 87.8 87.8 88.1 91.4 All used car contracts: Median loan/value ratio ^Unweighted arithmetic mean of the three monthly ratios. Details may not add to totals because of rounding. # 7 : L.4.2 ' V:u:; :fL" 1 ' - 2 . r " DEALER A U T O LOANS BY COMMERCIAL BANKS (PURCHASED PAPER) May!" 197ft April 1970 Three months ending May* 1970 I 1969 NEW'CAR CONTRACTS Per, cent of. contracts written, for: 24 months or less 25-30 months 31-36 months Over 36 months 12.3 2.9 83.7 12.6 3.0 83.3 1.0 l f 12.7 3.2 83 .0 1.1 13.1 2.9 82.3 1.6 Contracts w r i t t e n for 36 months: Median loan/value ratio 92.2 92.4 USED CAR CONTRACTS Per cent of contracts w r i t t e n for: 12 months or less 13-18 months 19-24 months Over 24 months 9*9 9.8: 29.8" 50;.5- 10.3 9.8 29.7 50.3 10.3 9.8 29.7 50.2 9.4 8.8 30.0 .51.7 A l l used car contracts: Median* loan/value ratio 99 f5- ^Unweighted arithmetic mean of the three .monthly ratios. Details may not add to totals because of rounding. 99.6 L .4.2 -3DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS MAY 1970 AND APRIL 1970 •'•WAxi : NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost 1/ Maturities 24 months 25-30 31-36 Over 36 or less 'i.. months months months May 1 Apcr. May | A p r . May | A p r . May 1 A p r . Total May 1 Apr. PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 7.9 1.9 1.5 1.1 0.6 7.8 1.0 1.8 0.8 0.6 1.4 1.3 0.4 0 - 6 . . o.i 1.0 0.6 0.8 0.5 0.2 17.9 18.6 23.1 14.8 8.7 83.2 19.1 0.2 18.8 0.1 22.4 0.3 - 14.8 --0-.18.2 0.2 Total 13.0 12.8 2.9 3.1 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 14.0 6.1 3.7 1.1 1.1 13.1 6,9 4.8 0.6 0.8 2.4 1.6 1.9 0.6 0.3 2.4 2.0 1.7 0.4 0.2 22.2 17.3 19.2 5.4 2.2 21.1 17.8 19.4 5.1 2.8 26.2 26.1 6.7 6.7 66.7 66.4 1.3 1.0 0.9 0.5 q.2 1.3 0.9 1.0 0.5 0.2 18.9 18.3 22.2 12.6 7.2 •3.8 3.9 79.3 83.3 0.9 0.1 0.1 0.2 OU 0.2 27.0 21.4 25.4 16.4 • 9.7 28.0 21.4 24.8 16.7 9.1 0.8 100.0 100.0 0.2 0.1 0.2 0.1 0.3 38.6 25.1 24.9 7.1 3.8 26.1 6.1 4.1 0.3 0.8 100.0 19.5 18.6 21.7 12.5 6.9 0.2 0.1 0.2 0.1 0.2 0.2 0.1 0.2 0.1 0.2 29.8 22.3 25.3 14.2 8.3 30.0 22.6 25.1 14.2 8.0 79.4 0.8 0.8 100.0 100.0 DIRECT LOANS Total i ft 0.1 0.1 0.1 36.8 26r.7 100.0 ' TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110%Over.110% • ' Total 9.3 2.9 2.0 1.1 0.7 16.1 9.0 3\0 2;2 1:1' 0\6" 15 .9 ^/Contract balance excludes finance and insurance charges. * Less than one-tenth of one per cent. NOTE: Distributions for May and Apiil are derived from reports of 104 banks, 53 of which reported dealer cost r'atids as well as maturities. The May maturity distribution for new cars shown on pages 1 and 2 is based on 35,000 contracts, 23,000 purchased and 12,000 direct. The cross-classification on this page is based on 15,000 contracts, 12,000 purchased and 3,000 direct. The data are not intended to be estimates for all commercial banks and 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. L.4.2 DEALER COST RATIOS A N D MATURITIES ON A U T O M O B I L E INSTALMENT L O A N S (continued) MAY 1970 A N D A P R I L 1970 | USED CARS (Percentage distribution of contracts) Contract balance as percentage of wholesale value _l/2/ 12 months or less May | A p r . 13-18 months May | A p r . Maturities 19-24 Over 24 months months May | A p r . May 1 A p r . «t Total May 1 Apr. $ PURCHASED PAPER 80% or less 8 1 % to 90% . 91% to 100% 1 0 1 % to 110% Over 110% Total 3.3 2.1 3.5 1.6 2.4 1.7 2.4 1.6 4.9 5.3 5.0 4.8 5.2 7.2 5.4 6 .6 15.8 16.2 2.0 1.1 2.1 2.2 1.5 2.2 1.7 1.1 3.5 1.7 1.9 2.3 5.5 5.2 8.9 6.1 5.6 8.9 9.7 10.2 17.0 10.1 11.6 15.1 19.0 17.6 31.4 20.1 20.6 28.5 10.6 11.0 10.3 9.8 29.7 30.4 49.4 48.8 100.0 100.0 8.3 5 .9 7.0 3.8 3.5 34.3 20.1 25.9 10.4 9.3 34.1 20.5 24.1 9.7 , 16.2 14.7 DIRECT LOANS 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 7.8 2.6 3.4 1.1 3.0 8.6 3.0 3.4 1.2 3.0 5.0 2.6 3.5 1.7 1.1 4.7 2.7 3.0 1.4 1.6 11.5 7.6 10.3 3.9 2.2 12.4 8.9 10.6 3.4 3.5 10.0 7.3 8.6 3.7 3.0 17.9 19.2 13.8 13.4 35.6 38.9 32.6 28.5 100.0 100.0 4.7 2.2 2.4 1.1 2.4 5.0 2.0 2.5 1.4 2.4 3.2 1.9 2.2 1.2 2.8 3.0 1.9 2.1 1.7 2.1 6.8 6.0 7.0 4.8 6.9 7.1 6.0 7.4 5.0 7.4 6 .6 7.2 9.4 8.3 12.9 6.2 6.4 9.3 9.4 11.8 21.3 17.4 21.0 15.4 24.9 21.3 16.3 21.2 17.5 23.7 12.8 13.3 11.3 10.8 31.5 32.8 44.4 43.0 100.0 100.0 i ; y.' TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total IV Contract balance excludes finance and insurance charges. 2/Wholesale value represents "average wholesale," "as is," or "buying value" as indicated by used car guides . NOTE: Distributions for May and A p r i l are derived from reports of 104 banks, 50 of w h i c h reported dealer cost ratios as well as m a t u r i t i e s . The May maturity distribution for used cars shown on pages 1 and 2 is based on 26,000 contracts, 17,000 purchased and 9,000 d i r e c t . The cross-classification on this page is based on 11,000 contracts, 8,000 purchased and 3,000 direct. The data are not intended to be estimates for all commercial banks and 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. ^ # ^ "I -• ^
@FedFRASER