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I I T JUN 1 0 1963 / f£D£fl ^fester ffl-WCati0n r/chmowd" ^ / — — / BOARD OF GOVERNORS 0? THE FEDERAL RESERVE SYSTEM L.4.2 June 7, 1963 DECONTROLLED AFTER sifflffigffLE INSTALMENT/ LOANS AT COMMERCIAL BANKS MATURITIES - - APRIL 196? AND MARCH 19'3 (Percentage distribution of contracts) Maturities New cars 24 months or less 25-30 months 31-36 months Over 36 months Total Used cars l/ 12 months or less 13-18 months 19-24 months Over 24 months Total Purchased paper Apr. Mar. Direct loans Mar. Total Apr. Mar. 24.5 6.6 68.3 0.6 100.0 23.9 6.4 69.O 0.7 100.0 19.1 5.5 74.6 0.8 100.0 18.4 5.2 75.6 0.8 100.0 100.0 34.8 8.9 56.0 ' 0.3 100.0 15.5 13.9 38.2 32.4 100.0 11.0 12.8 35-9 40.3 100.0 12.0 12.7 36.5 38.8 100.0 21.2 15.7 41.7 21.4 • 100.0 22.0 16.2 41.4 20.4 100.0 14.6' 13.8 37.9 100.0 Apr. 34.9 8.6 56.2 1/ Figures are predominantly 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 124 banks for March and April and are not intended to be estimates for all commercial banks. In April reports covered about 49,000 contracts on new cars, $2,000 purchased and 17,000 direct, and 29,000 contracts on used cars, 19,000 purchased and 10,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. For distribution according to maturities and contract balances as a percentage of dealer cost see following pages. Not for publication - 2 - L.4.2 DEALER COST RATIOS /ID NATURITIHiS ON AUTOMOBILE INSTALMENT LOANS APRIL 1963 AND MARCH 1963 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost l/ 24 months or less Apr. |Mar. imturn-ie; Over 36 31-36 25-30 | Total months months months Apr. 1 Mar. Apr. i Mar. Apr. 1 Mar. 1 Apr. | Mar. PURCHASED PAPER 80# or less 81 # to 90# 91# to 100# 101# to 110# Over 110# Total 11.1 2.3 3.3 1.4 10.9 2.7 3.1 1.2 2.3 1.1 1.2 0.6 0.2 1.9 1.1 1.1 0.5 0.1 15.9 16.1 23.9 13.6 5.5 15.5 I6.3 24.3 14.1 5.7 18.5 18.4 5.4 4.7 75.0 75.9 19.0 6.8 8.2 1.3 0.6 19.6 6.8 8.0 1.6 0.4 3.5 2.0 5.5 0.9 0.3 36.0 36.4 12.2 13.0 3.4 4.5 1.4 0.4 12.9 3.6 4.2 1.3 0.5 2.6 1.3 2.3 0.7 0.2 ! 15.8 2.3 1 1.3 15.1 2.2 21.7 0.6 11.8 0.2 1 4.8 22.7 22.6 7.1 6.5 _0il 0.2 0.2 0.4 0.2 0.1 29.6 19.7 28.7 15.9 6.1 28.5 20.2 28.8 16.1 1.0 1.1 100.0 100.0 0.2 0.1 0.1 0.1 0.1 0.2 0.1 38-5 20.7 28.5 8.5 3.8 40.9 19.5 28.8 7.7 3.2 0.3 0.1 0.2 0.3 J M DIRECT LOANS 60# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 3-7 15.7 • 1.9 11.8 5.7 14.8 6.2 0.9 0.2 2.8 17.5 10.6 14.9 5.2 2.5 0.1 12.4 50.8 0.5 0.5 100.0 100.0 16.0 15.0 22.1 12.0 5-0 0.3 0.1 0.2 0.2 0.1 0.2 0.2 0-3 0.2 0.1 31.7 19.9 28.7 14.1 5.5 31.4 20.1 28.8 14.1 5.6 70.0 0.9 0.9 100.0 100.0 51.3 * TOTAL 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 69.3 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 66 banks for March and .'pril and are-not intended to be estimates for all commercial banks. In April'reports covered about 25,000 contracts on new cars, 19,000 purchased and 1 6,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. $ Details may not add to totals because of rounding. - | zi3 Not for publication - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) APRIL 1963 AND MARCH 1963 USED CARS (Percentage distribution of contracts) Contract balance 12 months as percentage of or less wholesale value l/ 2/ Apr. iMar. 13-18 months Apr. |Mar. Maturities 19-24 months Apr. |Mar. Over 24 months Apr. | Mar. Total Apr._ I Mar. 3.9 3.5 9.8 8.0 14.4 17.6 10.6 22.2 17.0 32.6 FURCEASED PAPER 80# or less 81 # to 90# 91# to 100# 101# to 110# Over 110# Total 4.5 1.0 1.9 1-5 2.1 4.5 1.2 2.0 1.7 2.2 3.1 1.3 2.1 1.6 4.0 2.5 1-5 2.4 1.8 3.6 5.9 4.6 8.4 5-9 11.6 U A 4.0 3.7 9.7 8.1 15^0 11.0 11.6 12.0 11.9 36.4 36.8 40.5 39.7 12.9 2.9 3.5 1.9 _2i5 11.6 3.3 4.5 2.3 1.9 7.3 2.5 4.8 2.1 _&1 5.8 2.8 4.4 2.4 11.2 7.2 11.2 4.4 6.5 11.3 4.7 6.5 5.0 2.6 3-6 2.8 3.1 4.8 2.2 4.2 2.3 3.2 23.6 23.4 18.8 18.4 40.5 41.5 17.1 16.7 5.6 4.9 8.9 6.0 16.5 11.1 23.2 17.5 31.7 100.0 100.0 DIRECT LOANS 80# or less 81# to 90# 91# to 100# • 101# to 110# Over 110# Total 12.4 6.6 36.4 15.2 23.1 11.2 14.1 34.6 14.9 24.4 11.6 14.6 100.0 100.0 TOTAL 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 7.0 1.5 2.4 1.6 2.2 6.6 1.8 2.7 1-9 2.1 4.4 1.7 2.9 1.7 3.4 3.5 1.9 3.0 2.0 3.4 7.5 5.4 9.2 5.4 10.1 7.6 5.4 9.6 5.6 9.9 4.3 3.4 7.9 6.5 11.5 4.2 3.1 8.1 6.3 11.1 14.8 15.1 14.0 13.8 37-6 38.1 33-6 32.8 23.1 12.0 22.5 15.3 27.2 21.8 12.2 23.5 15.7 26/) 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 guidesNOTE:—Distributions are based on tabulation of data from 52 banks for March and April and are not intended to be estimates for all commercial banks. In April reports covered about 14,000 contracts on used cars, 10,000 purchased and 4,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. Detail may not add to totals because of rounding.
@FedFRASER