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Not tot publication
BQTO_C$LGOVERNORS CP THE FEDERAL RESERVE SYSTEM
June ID, 1959
L.h.2
v,Wrn
n
MATURITIES ON AUTOMOBILE INSTALMENT LOAMS
*3WHS .. APRIL 1959 AND MARCH 1959.._.
(Percentage d i s t r i b u t i o n of contracts) •
Maturities
Apr.
Total
Mar.
New cars
2k months,or l e s s
25-30 months
31-36 months
Over 36 months
Total
31.0
13.1
55.5
O.U
100.0
Used cars 1 /
12 months'.or l e s s
13-18 months
19-2U months
Over 2U months
Total
16.7 *
17.3
Ul.9
2U.1
100.0
31.3
• 13.6
5U.7
O.U
100.0
.
hZ.3
23.9
100.0
Apr.
Mar.
-23.U
11.2
• 6L.9
U6.0
17.0
37.0
1*5.9
.18.1
• -35.8
100.0
100.0
• 100,0
11.9
13.9
U2.9
31.3
100.0
25.3
25.9
23.2
U.O.
65.2
0.6
100.0
16.2
17.6
.
^Direct
Loans
Purchased
Paper
Mar.
Apr.
12.8
13.it
U3.1
30.7
100.0
9.5
100.0
-2*2
25.1
2h.9
ki.o
—
, 100.0
Less than one-tenth of .one oer cent.
1/ Figures are predominately f o r l a t e model used cars but include data from
a few oanks 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 are based on tabulations of data from 136 banks f o r
March and April and are not intended t o be estimates f o r a l l commercial banks.
In April reports covered about 35,OOQ contracts on new cars, 23,000 purchased
and 12,000 d i r e c t , and 27,000 contracts on used cars, 19,000 purchased and 8,000
d i r e c t . . Since composition of t h e group of banks changes from month t o month,
data are not comparable with previous r e l e a s e s . ...
. 1
F o r " d i s t r i b u t i o n according t o m a t u r i t i e s and contract balance as a percentage of dealer c ost, see following pages.
Not f o r publication
Uh.2
— 2 —
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOAMS
APRIL 1959 AND MARCH 1 9 #
NEW CARS
(Percentage d i s t r i b u t i o n of contracts)
Contract balance
as percentage of
dealer cost V
Maturities
2h months
25-30
•
31-36
or l e s s
months
months
Apr. { Mar. Apr. I Mar. Anr. j Mar.
Over 36
months
Apr. j Mar.
Total
Apr. I Mar.
PURCHASED PAPER
80% or l e s s
81% t o 90%
15.2
3.U
2.9
1.1
0.5
15.U
3.0
2.9
1.0
o,h
U.5
1.9
2.U
1.9
0.6
Total
23.1
22.7
11.3
80% or l e s s
81% to 90%
91% to 100%
101% to 110%
Over 110%
32.2
7.5
6.6
1.2
1.1
3 1 . h ;; 9 . 0
7.3
5.U
5.2
Jul
0
.8
-1.3
0.2
1.1
U8.6
h
91# to 100%
101% to 110%
Over 110%
| U.o
1 2.5
| 2.6
1U.3
lh.O
! l.h
21. h
11.2
U.6
111.0
65.5
!
0.1
3U.0
19.3
26.8
i 33.6
19.0
26.6
100.0
100.0
*
5U.2
21.0
18.3
U.3
2.2
5U.7
20.2
17. h
j U.9
| 2.8
*
100.0
100.0
1*0.0
19.8
Uo.o
19.3
23.9
11. h
1U.1
13.5
21.0
11.9
5.6
0.1
0.1
66.1
0.1
0.2
lh.2
-A£
lb.3
DIRECT LOANS
Total
6.3
19.5
9 . 9 , 1 3 . 0 1 13.U !
8.1 : 7.2
5.7
5.1 i 7.6 . 7.1
l.iii i
22.U
!1
a 1._ U L3.
0.9
31.9 ! 31.3 j
.
*
2.2
TOTAL
80% or l e s s
81% t o 90%
91% to 100%
101% t o 110%
Over 110%
Total
2 0 . 3 I120.2
li.6
U.3
li.O 3 . 6
1.1
1.1
0.6
0.6
J 30.6
29.8
5.8
2.9
2.9
1.6
0.5
13.7
5.8i 13.9 13.9
12.3 11.6
17.3 16.8
8.6
l.h
8.9
O.k 3 . 5 h.k
3.U 1
3.U
Ik.h
55.6
55.6
0.1
0.1
0.1
2U.3
11.3
U.6
0.1
0.2
100.0
100.0 •
-* Less than one-tenth of one per cent.
NOTE: Distributions are based on tabulations of data from 80 banks f o r
March and April and are not intended t o be estimates f o r a l l commercial banks.
In April reoorts covered about 18,000 contracts on new cars, 13,000 purchased
and 5,000 d i r e c t . Since composition of the group of banks changed from month
t o month, data are not comparable with previous r e l e a s e s .
Not f o r publication
- 3 -
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS (continued)
L.4.2
APRIL 1959 AND MARCH 1959
USED CARS
(Percentage d i s t r i b u t i o n of contracts)
Maturities
Over 24
19-24
13-18
12 months
Contract balance
months
months
months
or l e s s
as percentage of
wholesale value l / 2 / Apr. Mar. Apr. 1 Mar. Apr.!1 Mar. Apr. I Mar.
Total
Apr. |1 Mar.
PURCHASED PAPER
80# or l e s s
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total
2.1
3.1
1.8
2.2
1.8
8.6
6.9
11.0
8.9
10.6
11.8
11.4
44.3
18.3
3.1
3.4
0.7
1.1
18.9
2.6
2.8
0.6
0.8
12.8
12.5
1.0
1.3
1.3
0.9
26.6
25-7
23.9
23.5
4.5
1.3
1.6
2.0
2.0
4.4
1.1
1-7
1.4
2.0
11.4
3.1
1:1
20.9
16.1
24.0
20.0
22.4
15.8
25.1
18.4
18.3
11.1:
9-1
-LI
1:1
9-0
J2
5-3
5.1
10.1
6.1
45.3
32.5
32.7
100.0 | 100.0
7-3
U
3.1
10.3
5.0
2.0
2.9
2.5
3.2
1.5
1-9
1.2
1.8
48.9 1 51.2
18.0
15.3
19.6
19.9
8.1
6.8
6.7
38.5
41.2
11.0
DIRECT LOANS
80# or l e s s
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total
3.8
5.0
14.9
8.6
16.6
3.3
0:8
9.6
100.0
100.0
80# or l e s s
81# to 90#
91# to 100#
101# to 110#
Over 110#
Total
6.1
10.6
7.4
10.0
7.4
8.9
1.9
2.1
1.6
1.7
a
2.1
1.1
1.6
2.4
3.3
1.8
2.0
6.2
2.5
3.1
1.6
2.0
-Li
16.2
15.6
15.6
15.4
42.5
4.1
4.7
, 5-0
7.2 ' ? *
JJ 12 11
10.8
43.9
25.7
25.1
29.7
'"16.7:
22.6
15.8
100.0
lb 0 4=*b\b
TOTAL
100.0
1/ Contract balance does not include finance and insurance charges.
2 / Wholesale value represents "average wholesale," "as i s , " "or buying value'
as indicated by used car guides.
NOTE-; Distributions are based on tabulations of data from 80 banks f o r March
and April and are not intended to be estimates f o r till commercial banks. In April
reports covered about 13,000 contracts on used c a r s , 9>000 purchased and 4,000
d i r e c t . Since composition of the group of bank changes from month to month, data
are not comparable with previous r e l e a s e s .
@FedFRASER