Full text of L.4.2 Auto Loans by Commercial Banks : Maturities and Dealer Cost Ratios : July 7, 1961

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Ifoi^for publication
BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM
L.4.2

July 7, 1961

DECONTROLLED AFTER SIX M O l W
•

1 8 1

™

0N

AUT0N0BIL3 INSTALMENT LOANS
MAY 1961 AND. APRIL I96I .

• (Percentage 'distribution of contracts)

Immaturities •

Total
May . 1

Apr;'V

New cars.
24 months or less
2 5 - 3 0 months
3 1 - 3 6 months
Over 36 months
. . . Total

28.2
8.7
62.7
0.4
•100.0

Used cars 1/
1 2 months, or less
1 3 - 1 8 months
19-24- months
Over 24 months
Total"

20.2
17.9
18.4 ••
18i9
38.7
39.3 .
22..2.
_&4 ,
1O0.O
100.0

28.4.
' 9-2
61,8
.
0.6
100.0

Pure:based
- paper
May
Apr.
•21.5 *
: 6.6
• 71.4:
100.0

21.5
7«1
70.6
- , 0.8
100.0

May

42.0
• 12.9
; 44.8

41.6
13.4
44.7

100.0

100.0

25.6
22.8
38.6

29.3
20.8
38.0

14.0 ""
-15.4 '
16.2 • . 17.9
: . 39.6 . 39.0,

J0*2

100.0

:

lpo.p

Direct
loans
Apr.

-.

J&O

100.0

_11£

100.0:

from a few banks for all used cars.
NOTE: Distributions are based on tabulations of data from 128;banks for
April and May and are not intended to be estimates for all commercial banks.
In May reports covered about 41,000 contracts on new cars, 28,00Q' -purchased
and 13,000 direct, and 25,000 contracts on used cars, 17,000 purchased gnd
8,000 direct. Since compoeition'of the group, of banks changes frtim month to.
month data are not comparable with- previous releases-.
For distribution according to maturities and" contract balance as a percentage of dealer c'o'st see'following page.. ....
--




/?Z-

Not for publication
L.4.2

DEALER COST RATIOS AND MATURITIES
ON AUTOr'OBIL.^ HSTaLAJNT LOANS
MAY 1961 MD

APRIL I96I

m-i CARS
(Percentage distribution of contracts)
Contract balance
as percentage of
dealer cost 1/

24 months
or less
"Hay ; Apr.

Maturities
2b-jO
months
months
"Haj Apr. ' May . Apr.

Over
Total
months
May
, Apr, j May » Apr?

PURCHASED PAPER
60% or less
61# to 20, »
9I/0 to 100/a
101; to 11670
Over 110, j
Total

12.31 12.2
3.8; 3.5
4.0
3
xi
1.1
o.4| 0.5

2.3
1.6
2.1
0.7

I
j
j
!

24

j

2.3 14.1
1.61 17.9

14-.6
* . j *
17.8 • 0.1
*
0.1
0.1
*
10.9
*
0.1
5-4 ' *

2.1 j 24.2 22.7
0.81 10.2

21.0! 21.3 ' 7.1 j 7.1 1 71.7'

71.4 ! 0.2

:
;
j
j
)

. 28.7
23.4
29.8
12.0
6.1

0.2 • 100.0

DIRECT LOANS
80 o or less
22.7 21.8
81< to 50y
11.5 11.8
91jo to 1 0 ^
6.3
•5.7
ioiy.; to 110% 1.8 1.8
0.6
0.->
Over 110V$
Total

80' b or less
81 : to 90.4
91J to 100^
101 b to HGfo
Over 110^
Total

42.3! 42.2

5.0
6.0
3.2
1.0
-0^
15.4

. 5.7 : 12.2 13.4
9.9' i 9.4
i 2-9
5.8 , 13.5 ! 12.9
0.9:; 4.7 ! 4.3

! — !!
!15.8

~

\

~

\

s 42.2

! 42.0

;14.3
,15.5
! 20.1
9.1
4.5

15.0
5.8
4.0
1.3
0.4

14.7
5.8
4.7
1.2
0.5

3.0
2.8
2.4
1 0.7
0.4

3.2 13.6
1.9 15.8
3.1 .21.4
8.8
0.9
0.3 _4,4

26.5

26.9

; 9.3

9.4

64.0

63.5

,
j
|
! 0.-1

I0.1
*

0.1

1 1 0 0 . 0

100.0

0.1

.31.6
24.5
27.9
10.8
5.2

0.2

100.0 1100.0

0.1
0.1

0.2

j - S J

40.9
24.1
25.0
7.0
3.0

i 39.9
I 27.4
i 22.4
I 7.6

I 32.3
1 23.2
i 27.9
11.2
i 5.4

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 6l "banks for April
and May and are not intended to be estimates for all commercial banks. In May
reports covered about 16,000 contracts on new cars, 12,000 purchased and 4,000
direct. Since composition of the group of banks changes from month to month, data
are not comparable with previous releases.




Not for publication
L.4.2

DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS (continued)
MAY 1961 AND APRIL 1961
USED CARS
(Percentage distribution of contracts)

Contract balance
as percentage of

12 months
or less
May I Apr.

13-18
months
May i Apr.

Maturities
Over 24
19-24
months
months
May 1 Apr. May 1 Apr.

Total
May i Apr.

PURCHASED PAPER
80# or less
81$ to 9 #
51# to 100#
101# to 110#
Over 110#

3.4
2.4

Total

15.6

2.6

3.9

6.3
5.8
9.5

JLfij J t i

JL2

9.'U

16.41 16.1

17.6

4.4|
2.1!
3.4

2.9

3.5!
2.4»
3.2

2.6

3.8

2.2

2.8

3.6
3.4
9.4
5.0
7.1

4.0
5.0
7.1
4.7
7.1

17.9
15.2
26.2
17.0
23.7

38.1 28.5 27.9 100.0 100.0

DIRECT LOANS
80# or less
81# to 90#
91# to IOC#
101# to 110#
Over 110#
Total

7.9| 11.6

16.3 i 16.2
3.21 3.5

28.2

1.8
1.9
2.9
1.9
2.9

1.9
1.9
2.4
1.3
3.1

33.0
19.2
20.4
12.6
14.8

37.4

11.4

10.6

100.0

100.0

22.3
. 16.4
24.5
15.7
21.1

24.0
14.8
23.1
15.8
22.3

TOTAL
80# or less
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total

7.9
2.8
3.5
2.5
2.5
19.2

7.8 i 4.5 | 4.9
2.6
2.3
3.3
4.1
4.0
3.8
2.6
2.9
2.9
4.2 _4.4
3.4

6.8
7.3
9.7
6.5
6.5

7.9
5.8
9.3
6.3
8.6

3.1
3.0
7.5
4.1
5.9

3.4
4.1
5.7
3.7
5.9

18.6

38.8

37.9

23.6

22.8

20.7

18.4

100.0

100.0

1
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 41 banks for
April and May and are not intended to be estimates for all commercial banks. In
May reports covered about 10,000 contracts on used cars, J,000 purchased and 3,000
direct. Since composition of the group of banks changes from month to month, data
are not comparable with previous releases.