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Not f o r p u b l i c a t i o n 1.4.2 DBC0inr.0U.ED AFTER BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Si%MBT%3 J u n e # , 1957 MATURITIES ON AUTOMOBILE INSTALMENT LOANS APRIL 1957 AND MARCH 1957 (In p e r cent) Maturities New c a r s 24 months or l e s s 25-30 months 31-36 months Over 36 months Total Used c a r s 1 / 12 months or l e s s 13-18 months 19-24 months Over 24 months Total Direct loans April March March Purchased Paper March April 36.0 25.O 38.7 0.3 100.0 37.8 26.1 35.8 0.3 100.0 27.0 24.3 48.3 0.4 100.0 29.0 25.9 44.7 0.4 100,0 51.9 26.1 21.9 0.1 100.0 52.4 26.5 20.9 0.2 100.0 19.2 23.5 43.5 13.8 100.0 19.5 23.7 42.9 13.9 100.0 17.0 21.3 43.8 J2-9 100.0 16.8 21.3 43.6 18.3 100.0 24.0 28.4 42.7 4.9 100.0 28.9 41.3 _4J 100.0 April Total 1/Figures are predominately f o r l a t e model used c a r s b u t include d a t a from 1 few banks f o r a l l used c a r 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 data from 132 banks f o r March and A p r i l and a r e n o t intended t o . b e estimates f o r a l l commercial banks. I n A p r i l r e p o r t s covered about 32,000 c o n t r a c t s on new c a r s , 20,000 purchased and 12,000 d i r e c t , and 29,000 c o n t r a c t s on used c a r s , 20,000 purchased and 9,000 d i r e c t . Since composition of the group of banks changes from month t o month, data a r e n o t comparable with previous r e l e a s e s . For d i s t r i b u t i o n according to m a t u r i t i e s and c o n t r a c t balance as a percentage of d e a l e r c o s t , see o t h e r s i d e . Not f o r p u b l i c a t i o n — 2 — DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS APRIL 1957 AND MARCH.1957 ( I n per c e n t ) Contract balance as p e r c e n t a g e o f dealer cost 1/ 80% o r l e s s 01% t o 90% 91% t o 100% 101% t o 110% Over 110% Total * 2h months or less Apr. Mar. NEW CARS Maturities Over 36 25-30 31-36 Total Ebnths months months Apr. i Mar. Apr. i Mar. Apr. 1 Mar. Apr. Mar. i i Purchased {j a p e r aLd d i r e c t l o a n s 21.2 6.1 a. 6 1.2 o.U 26.0 9*h 6.5' 6.1 h*$ - 6 . 5 1.1 3.3 0.6 0.9 36.5 38.9 8.6 7.0 8.5 U.5 1.0 28.3 | 29.6 Contract balance 12 months 13-18 as percentage o f months or "less d e a l e r c o s t 1 / 2 / Apr. Mar. Apr. ; Mar. ! Purchased 1 8.2 80% or l e s s 9.0 3.5 I 9.3 2.0 2 . 1 3-u 81% t o 90% 3.6 91% to 100% 3.1 3.0 5.3 L5 101% to 110% 1.7 1.9 2.5 2.9 Over 110% 2.6 2 . 6 3 . 1 1 3.0 Total 17.6 18.6 22.8 I23.3 8.8 7.8 8.1 7.3 1 1 . 5 .10.lt k.7 U.5 1.9 1.3 0.1 0.1 0.1 0.1 •* 35.0 0.2 31.3 1*2.5 20.7 2li.7 9.2 2.9 12.5 20.8 23.lt 10.1 3.2 0 . 2 100.0 100.0 * USED CARS I-l a t u r i t Over 2k j 19-2U | months months ! Apr. Mar. Apr. I Mar. 1 1 paper a id d i r e c t l o ans Total Apr. Mar, 12.3 9.6 11.5 6.5 5.2 12.3 8.1 10.5 6.9 5.5 3.2 2,6 W 2.3 1.8 3.2 3.0 h.O 2.8 1.8 32.2 17.6 2U.5 13.0 12.7 33.8 16.8 22.0 11*. 5 12.9 1*5.1 1*3.3 11*. 5 11*. 8 100.0 100.0 1 / Contract balance does not i n c l u d e f i n a n c e and insurance charges. 2/ Dealer c o s t r e p r e s e n t s "average w h o l e s a l e , " "as i s , " "or buying value" as i n d i c a t e d by used car g u i d e s . •tf-Less than o n e - t e n t h o f one per c e n t . NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s o f data from 86 banks f o r March and A p r i l and are not intended t o be e s t i m a t e s f o r a l l commercial banks. I n March r e p o r t s covered about 17,000 c o n t r a c t s on new c a r s , 12,000 purchased and 5,000 d i r e c t , and 16,000 c o n t r a c t s on used c a r s , 11,000 purchased and 5*000 d i r e c t . S i n e s composition o f the group o f banks changes from month t o month, data are not comparable with previous r e l e a s e s .