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Not f o r p u b l i c a t i o n L.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM May 8 3 1 decontrolled AfteS six months ' MATURITIES ON AUTOMOBILE INSTALMENT LOANS MARCH 1958 AND FEBRUARY 1958 - (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities New cars 24 months or l e s s 25-30 months 31-^6 months • Over 36 months Total Used cars l / 12 months or l e s s 13-18 months 19-24 months Over 24 months Total Total Mar. 1 Feb. Purchased , Pai Mar; J Feb. Direct loans Mar. Feb. 36.8 19.0 43.9 0.3 100.0 35.2 21.0 43.5 0.3 100.0 29.O 16.7 . 53.8 0.5. 100.0 26.5 19.5 53.7 0.3 100.0 I60I0 52.7 24.2 22.9 0.2 100.0 20.7 2*3.0 4o.6 20.2 23.6 40.1 16.1 100.0 17.3 2*0.1 41.9 20.7 100.0 17.3 20.1 41.2 21.4 100.0 26.8 28.0 38.1 7.1 100.0 25.2 29.9 38.1 6.8 100.0 100.0 51-2 23.0 25.8 * Less than one-tenth of one p e r c e n t . l / F i g u r e s a r e predominately f o r l a t e model used c a r s but include data, 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 data from 138 banks f o r February and March arid a r e n o t intended to 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 21,000 .contracts on new care, 14,000 purchased and 7,000 d i r e c t , and 24,000 c o n t r a c t s on used c a r s , 15,000 purchased and 9,000 d i r e c t . Since composition of the group of banks changes from month to 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 following pages. Not f o r publication L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS MARCH 1958 AND FEBRUARY 1958 NEW CARS (Percentage d i s t r i b u t i o n of contracts) Maturities Contract balance 24 months Over 36 31 - 36 25-30 as percentage of or l e s s months months months dealer cost l / Mar. I Feb. Mar. 1 Feb. Mar. 1 Feb. Mar. 1 Feb. H Total Mar. 1 Feb. PURCHASED PAPER 80% or l e s s 81% to 90# 91% to 100# 101# to 110# Over 110# Total 17.1 6.3 4.2 1-5 0.8 15-2 4.7 4.9 1.6 0.5 4.9 4.2 5.3 2.6 0.8 5.6 5.2 6.4 3.0 1.0 11.5 12.4 17-7 7-1 3-4 11.4 11.8 16.8 7-7 4.0 29-9 26.9 17.8 21.2 52.1 51.7 0.1 33.6 22.9 27.3 11.2 5.0 32.2 21.7 28.2 12.3 0.2 100.0 100.0 0.2 ,0.1 ' * 0.1 0.2 0.1 DIRECT LOANS 80# or l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# Total 38.7 9-3 4-7 0.9 0.6 35-8 10.0 8.9 0.7 0.9 10.0 6.4 7-4 1.7 0.7 11.9 7-8 5.1 1.4 0.4 8.0 5.1 4.4 2.0 0.1 7.4 3-0 4.5 1.4 0.5 0.1 56.7 20.8 16.5 4.6 1.4 55.3 20.8 18.6 3.5 1.8 54.2 56.3 26.2 26.6 19.6 16.8 0.3 100.0 100.0 24.3 7.3 4.4 1.3 0.7 21.4 6.3 6.1 1.4 0.6 6.6 4,9 6.0 2.3 0.8 0.1 OJ: 41.3 22.2 23.7 9-0 3.8 39.2 21.4 25.3 9-7 4.4 35.4 20.6 0.3 100.0 100.0 TOTAL 80# or l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# Total 38.0 7-5 10.3 10.2 6.0 10.0 ' 9 . 1 6.0 13.3 13.1 2-5 5-8 5.4 0.8 2.3 2.9 0.1 41.1 0.1 22.8 41.3 0.1 l/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 91 banks f o r February and March and are not intended to be estimates f o r a l l commercial banks. In March r e p o r t s covered about 12,000 contracts on new c a r s , 8,000 purchased and 4,000 d i r e c t . Since composition of the group of banks changes from month to month, data are not comparable with previous r e l e a s e s . Not f o r publication L.4.2 - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) MARCH 1958 AND FEBRUARY 1958 USED CAES (Percentage d i s t r i b u t i o n of contracts) Maturities Contract balance 12 months Over 24 13-18 19-24 as percentage of or l e s s months months months wholesale value l / 2 / Mar. I Feb. Mar. [ F e b . Mar. I Feb. Mar . f Feb. Total Mar. I Feb. PURCHASED PAPER 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total & & 3 . 1 2.8 1.8 3.0 1.9 2.7 5-2 3.3 4.1 2.8 3.8 15.9 15.7 19.2 16.6 3.0 3.1 0.7 1.0 14.4 3.2 3.5 0.8 1.1 17.2 4.4 4.4 1.6 1.6 ?:§ 4.8 2.6 3.4 19.6 9.8 10.0 8.1 9.1 12.6 11.9 7 . 1 7.5 6.0 6.3 44.9 43.5 3.6 4.2 24.5 18.5 25.4 15.8 15.8 3.7 24.7 19.5 25.1 14.7 _l6x) 20.0 21.2 100.0 100.0 51.2 19.7 18.2 50.6 19.9 19.7 4.8 4.3 4.5 5-3 3.0 DIRECT LOANS 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 24.4 23.0 29.2 17 ei 5.0 1.2 1.2 31.6 15.7 11.0 9.0 1.9 2.2 15.8 8.5 10.0 2.3 2.4 1.7 1.3 1.7 0.9 M 3.1 1.3 1.2 0.5 39-8 39-0 6.6 6.4 100.0 100.0 12.0 9.7 11.3 12.1 8.3 11.2 15 3.4 3.1 4.2 2.6 2.4 34.3 19.5 22.6 H.3 12.3 34.1 19.0 23.3 11.7 1:1 3.3 3.4 4.0 2.3 2.2 43.0 41.9 15.2 15.7 100.0 100.0 JJ TOTAL 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 8.9 9.5 2.7 3.1 1.4 2.3 2.8 3-1 1.4 2.2 19.0 18.4 9.5 u 2.4 3.0 - 4.8 2.1 2.6 22.8 24.0 1:1 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 91 banks f o r February and March and are not intended to be estimates f o r a l l commercial banks. I n March reports covered about 13,000 contracts on used cars, 8,000 purchased and 5,000 d i r e c t . Since composition of the group of banks changes from month to month, data are not comparable with previous r e l e a s e s .
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