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Not for -publication L.4.2 BOARD OF GOVERNORS OF THE EEDERAITEESERVE- SYSTEM- I JUNE 13. I960 DECONTROLLED AFTER SIX MONTHS MATURITIES ON AUTOMOBILE INSTALMENT LOANS APRIL i960 ALTO MARCH i960 (Percentage distribution of contracts) Maturities New cars 24 months or less 25-30 months 31-36 months Over 36 months Total Used cars 1/ 12 months or less 13-18 months 19-24 months Over 24 months Total TotalApr. Mar. Purchased paper Apr. Mar, 100.0 •100.0 100.0 20.8 8.6 70.2 0.4 100.0 15.3 15.4 17.0 11.5 13.4 42.9 32.2 100.0 11.6 14.5 . 42.6 - 31.3 , 100.0 28.5 10.4 60.70.4 16.1 41.8 . 26.8 100.0 : 28.7 10.5 60.4 0.4 • 41.5 26.1 100.0' 21.4 8*2 69.9 Direct loans Apr, Mar. 42,4 14.6 42.8 0.2 100.0 25.1 22.6 39.1 13.2 100.0 43.8 14 cl 41.8 0.3 100,0 24.3 23.0 39.0 J3V7 100.0 l/ Figures are predominately 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 136 banks, for March and April and are not intended to be estimates for all commercial banks. In April reports covered about 39,000 contracts on new cars 26,000 purchased and 13,000 direct, and 21#000 contracts on used cars, 15,000 purchased and 6,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. For distribution according to maturities and contract balance as a percentage of dealer cost, see following pages. Not for publication - L.4.2 2 - DHALZR COST RATIOS AND MATURITIES ON AUTOMOBILE INSTAUf'NT LOANS APRIL I960 AND MARCH 1960 NE<7 CARS (Percentage distribution of contracts) Contract balance i' 24 months I or less dealcj 3b if Anr. 1 Mar. Maturities | Over 56 25-30 51-56 months months i . months Apr. | Mar. Apr. ! Mar. I Apr. 1 Mar. Total Apr. }.Mar. PURCILL33D PAPER 80# or less 81# to 90# 91/o to 100# 101# to 110$ Over 110# Total 14.5 3.7 3.2 0.9 0.3 12.8 3.6 3-4 1.1 0.2 3.1 2.1 1.8 0.7 . M 22.4 21.1 8.1 3.4 1.9 2.4. 0.9 0.4 9.0 13.0 17.5 25.5 10.4 4.9 69.3 50.4 25.4 28.6 12.0 5.6 29-9 13.7 16.5 22.7 11,1 6.0 * * 0.1 0.1 0.1 — — 69.8 0.2 0.1 100.0 100.0 * 0.1 52.5 19.4 18.8 6.4 2.9 51.3 19.2 20.2 5.6 0.7 !100.0 i 100.0 36.4 21.0 26.1 10.8 5.7 100.0 100.0 21.8 28.6 13.1 6.6 DIRECT LOANS 80# or less 81% to 90% 91%; to 100# 101# to 110%; Over llO^b Total j 29.5 31.0 I 7-9 7.3 !j 4.5 5.0 j 1.4 l 1.7 1.0 0.9 44.5 8.9 !! 7-8 3.6 3o 3.6 3.9 0.8 1.5 0.6 0.4 14.1 8.2 10.7 3.3 1-3 12.6 8.3 10.7 3.4 2.1 0.1 0.1 0.6 11 45.7 17.7 I6.5 37-6 37-1 0.2 80/3 or less ! 18.3 18.2 81# to 90# ' 4.7 | M 91# to 100^4 5.6 5-9 . - 101 "b to 110# 1.1 1.2 Over 110# 0.5 0.5 4.9 2.5 2.3 0.9 0.4 4.7 2.4 2.9 0.8 0.4 13.3 14.8 I9.7 8.3 3.8 15.4 13.9 19.1 8.8 4.8 0.1 0.1 0.1 ! 37.0 22.2 25.7 10.3 4.8 11.0 11.2 59.9 60.0 0.2 0.3 Total 28.9 28.5 * 0.2 1/ Contract balance does not inc]Lude finance and insurance charges. * Loss than one-tent of one per cent. NOT3: Distributions are based on tabulations of data from 81 banks for I larch and April and are not intended to be estimates for all commercial banks. In April reports covered about 20,000 contracts on new cars, 14,000 purchased and 6,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. 13V Not for publication - 3 - L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) APRIL I960 AND MARCH I960 USED CABS (Percentage distribution of contracts) Maturities Contract balance 12 months j Over 24 13-•18 19-24 as percentage of or less months months 1 months .wholesale value l/ 2/ Apr. ! Mar. Apr. 1 Mar. Apr. I Mar.I Apr.| ! Mar, 1 80$ or less 81# to 90# 91# to ICO# 101# to 110# Over 110# Total Total Apr.l1 Mar, PURCHASED PAPER 8.7 7.5 7.6 4.5 6.8 8.2 6.9 6.9 6.6 5.6 19.9 19.2 24.3 18.2 18.4 21.4 18.9 24.7 17.9 43.0 33.3 32.1 100.0 100.0 2.6 5.0 2.8 2.0 1.6 43.8 20.0 19.0 8.7 8.5 17.4 10.0 7.1 12.2 14.0 100.0 100,0 9.9 9.4 9.8 6.6 6.1 4.0 5.8 6.6 5.4 5.? 4.6 5.5 6.9 5.1 4.3 26.7 19.4 22.8 15.5 15.6 28.2 20.0 22.4 15.5 13.9 41.8 27.3 26.4 4.0 2.0 2.2 1.8 1.6 2,9 2.2 2.8 1.9 2.0 3.4 2.6 3.0 2.0 2.3 8.6 8,4 11.2 7.5 7.9 10.8 11.6 11.8 13.3 43.6 15.8 15.4 3.2 2.9 4.0 2.5 1.0 1.2 1.7 _ 1 ^ 10.1 4.3 4.7 1.8 1.5 12.2 3.3 4.3 2.1 1.1 15.0 9-6 7.7 4.2 3.2 12.8 - 2.9 11.3 2.9 2.6 7.8 4.7 1.7 2.1 2.8 23.6 22.4 23.0 39.7 39.4 6.1 10.4 8.7 10.2 6.6 6.6 42.5 3.9 [' 1.8 2.1 1.9 1.6 11.3 8.5 8.6 5.5 5.7 DIRECT LOANS 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 25.7 43.0 22:5 TOTAL 80# or lees 81# to 90# 91# to 100# 101# to 110# Over 110# Total 7.3 2.1 2.7 1.6 1.6 7.6 2.2 2.3 1.7 1.6 5.0 2.8 3.3 1.9 1.9 15.3 15.4 14.9 2.9 3.4 2.1 16.4 100.0 100.0 1/ Contract "balance does not include finance and- insurance charges. 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 67 banks for March and April and are not intended to be estimates for all commercial banks. In April reports covered about 11 000 contracts on used cars, 8,000 purchased and 3,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases.
@FedFRASER