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Not f o r p u b l i c a t i o n BOARD OF G0VE3N0HS OF THE FEDERAL RESERVE SYSTEM L.4.2 June 15, 1964. \ AUTOMOBILE INSTALMENT LOANS AT COMMERCIAL BANKS DECONTROLLED AFTER SIX MONTHS _-> \ MATURITIES — APRIL 1964 AND MARCH 1964 (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Total Apr. March j Pure]hased j pa-per | Apr. March II Maturities Apr. March New c a r s 24 months o r l e s s 25-30 months 31-36 months Over 36 months Total 22.4 5.7 71.1 0.8 16.2 w 78.1 1.2 16.5 4.7 77.8 1.0 32.6 6.8 60.4 34.5 7.8 57.4 100.0 100.0 100.0 100.0 100.0 100.0 12.8 12.1 36.5 38.6 13.4 12.3 35.6 58.7 9.7 10.6 35.0 10.3 10.6 33.8 19.7 15-3 39.6 25.4 20.0 15.8 39.4 24.8 100.0 100.0 100.0 100.0 100.0 100.0 21.5 , 5.2 72.4 0.? Used c a r s l / 12 months or l e s s 13-18 months 19-24 months Over 24 months Total l / F i g u r e s a r e predominantly f o r l a t e model used c a r s but i n c l u d e d a t a from a 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 d a t a from 122 banks f o r March and A p r i l and a r e not i n t e n d e d t o be e s t i m a t e s f o r a l l commercial banks. In A p r i l , r e p o r t s covered about 50,000 c o n t r a c t s on new c a r s , 34,000 purchased and 16,000 d i r e c t , and 35,000 c o n t r a c t s on used c a r s , 24,000 purchased and 11,000 d i r e c t . Data a r e not comparable with previous r e l e a s e s s i n c e composit i o n of t h e group of banks changes from month t o month. For 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 c o n t r a c t balances as a percentage of d e a l e r c o s t see f o l l o w i n g pages. Not f o r p u b l i c a t i o n L.4.2 - 2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS APRIL 1964 AND MARCH 1964 NEW CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Contract balance as percentage of dealer cost l / Maturities 24 months I Over 36 25 -30 31-36 or lean months months months ( Apr. I l i a r . A"or. iMar. Apr. IMar. i Apr. 1 Mar. Total Apr. 1 Mar. PURCHASED PAPER 9.0 2.0 2.8 1.4 0.4 9.5 2.1 2.6 1.3 0.4 1-6 0.8 1.1 0.5 0.2 1.5 1.0 1.1 0.8 17.0 15.5 26.2 14.2 6.9 15.8 15.7 26.6 14.2 6.2 0.1 0.2 0.1 0.1 0.2 0.5 0.1 27*6 18.4 30.3 16.2 26.8 18.9 30.8 16.4 Total 15.6 15.9 4.2 4.8 79.7 78.4 0.4 0.8 100,0 100.0 80# or l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# 19.0 5.5 7.0 1.1 18.2 6.8 7.9 1.3 0.6 3.4 1.2 2.5 0.5 o.? 4.0 1.8 3.1 0.4 0.2 20.1 18.4 10.5 11.7 19.6 17.8 5 . 8 5.0 2.? 2.8 0.1 0.2 0.1 0.1 0.1 0.1 42.7 17-3 29.2 7.6 40.7 20.3 28.7 ; 33.1 34.8 7.8 9.5 58.6 55-6 0-5 . :• 0 . 2 100.0 100.0 16.4 14.7 24.7 24.5 12.3 12.0 5.9 5 . 4 0.1 0.1 0.2 0.1 0.1 0.2 0.4 0.1 31.1 18.1 30.0 14.2 6.6 30.1 19.2 30.3 14.1 74.8 73.0 0.5 0.7 100.0 100.0 80# or l e s s 81 # t o 90# 91# t o 100# 101# t o 110% Over 110# DIRECT LOANS Total 18 Ji TOTAL 80# or l e s s 81# t o 90# • 91# t o 100# 101# t o 110# Over 110# Total 11.3 2.8 3-7 1.3 _qa 11.6 3.2 3.9 1.3 0.5 2.0 0.9 1.4 0.5 0.2 2.1 1.2 1.6 0.7 0.4 19.6 20.4 5.1 5.9 1 / Contract balance does not i n c l u d e f i n a n c e and insurance charges. * Less t h a n o n e - t e n t h of one p e r c e n t . 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 d a t a from 6? banks f o r March and A p r i l and a r e not i n t e n d e d t o be e s t i m a t e s f o r a l l commercial banks. I n A p r i l , r e p o r t s covered about 26,000 c o n t r a c t s on new c a r s , 20,000 purchased and 6,000 d i r e c t . Data a r e not comparable with previous r e l e a s e s s i n c e comp o s i t i o n of t h e group of banks changes from month t o month. D e t a i l s may not add t o t o t a l s because of rounding. Not f o r p u b l i c a t i o n L.4.2 - 3 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) APRIL 1964 AND MARCH 1964 USED CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Contract balance as percentage of wholesale value if 2/1 - Maturities Over 24 12 months 19-24 13-18 Total months or less months months Mar. Apr. | Mar a jApr. jMar.jApr. [ Mar. |Apr. |Mar. [ Apr PURCHASED PAPER 80$ or l e s s 81$ t o 90$ 91# t o 100# 101$ t o 110$ Over 110$ Total 3.3 0.9 1.5 1.2 1.9 3.4 1-0 1.5 1-2 JL-1 2.1 1.5 1-7 1.5 8.8 9.0 9.7 2.3 5.5 1 . 4 5.2 1.8 8.7 1 . 4 5.6 2 . 8 _2-9 5.6 5.3 5.6 5.1 6.4 6.7 8 . 4 10.7 12.4 5.8 8 . 5 7 . 5 9 . 4 15.6 14.6 16.2 14.0 22.6 17.0 30.3 16.9 14.2 24.1 15.9 28.7 9.7 34.8 34.3 4 6 . 6 4 6 . 8 100.0 100.0 6.0 3.0 5-1 2.1 4.1 37.2 13.0 21.5 13.0 15.3 36.9 14.8 23-7 9.8 14.9 3 9 . 1 21.5 20.2 100.0 100.0 5.8 5.7 5.6 5 . 7 9 . 1 10.4 7.0 6.1 Ihi 11.8 21.8 13.7 22.4 15.9 26.3 22.1 14.4 23.9 14.3 25.C 3 5 . 4 39.9 39-7 100.0 100.0 DIRECT LOANS 80$ or l e s s 81$ t o 90$ 91$ t o 100$ 101$ t o 110$ Over 110$ Total 10.5 2.0 3-5 2.0 2.1 10.7 2.3 3.8 2.1 20.1 22.1 7 . 7 12.5 2.6 5.5 4.0 9.6 1.9 6.1 7.2 2.3 4.0 2.2 _&8 3*1 18.5 18.6 40.0 12.6 6.7 10.8 3-7 7.0 3.2 4.4 2.7 4.2 TOTAL 80$ or l e s s 81$ t o 90$ 91$ t o 100$ 101$ t o 110$ Over 110$ Total 5.2 1.2 2.0 1.4 - M 5.3 1.4 2.1 1.5 11.8 12.5 3-4 1.7 2.3 1.7 3.7 1.8 2.4 1.5 7.4 5.3 8.9 5.7 _M 3*3L _2._i 12.1 1 2 . 1 36.2 7.4 5.5 9.0 5.2 -§1I 1 / Contract b a l a n c e does not i n c l u d e f i n a n c e and i n s u r a n c e c h a r g e s . 2 / Wholesale v a l u e 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 v a l u e " a s i n d i c a t e d by used c a r g u i d e 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 of d a t a from 65 banks f o r and A p r i l and a r e not i n t e n d e d t o be e s t i m a t e s f o r a l l commercial banks. r e p o r t s covered about 18,000 c o n t r a c t s on used c a r s , 13,000 purchased and d i r e c t . Data a r e not comparable with p r e v i o u s r e l e a s e s s i n c e composition group of banks changes from month t o month. D e t a i l s may not add t o t o t a l s because of rounding# March In A p r i l , 5>000 of the I i i r
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