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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DECONTROLLED A F T ^ ^ M O ^ ^ ^ ™ (LOUM AT COMMERCIAL BANKS MATURITIES — MARCH 1964 AND FEBRUARY 1964 (Percentage distribution of contracts) Maturities Mar. Feb. Purchased •paper Mar. Feb. Direct Mar. Feb. New cars 24 months or less 25-30 months 31-36 months Over 36 months Total 22.4 5.7 71.1 0.8 22.0 5.6 71.7 I6.5 4-7 77.8 16.5 4.5 78.0 1.0 34.5 7-7 57.5 33.9 7-8 58.1 0.2 100.0 100.0 100.0 100.0 100.0 100.0 13.4 12.3 35.6 - 2 M 13.9 13.0 34.8 10.4 10.6 33.7 45.? 10.2 11.3 33-2 45.? 20.0 15.8 39.4 24.8 21.3 16.3 38.1 100.0 100.0 100.0 100.0 100.0 100.0 Used cars l/ 12 months or less 13-18 months 19-24 months Over 24 months Total 1/ Figures are predominantly for late model used cars but include data from a few banks for all used cars. Notes —Distributions are based on tabulations of data from 125 banks for February and March and are not intended to be estimates for all commercial banks. In Marcl> reports covered about 44,000 contracts on new cars, 30,000 purchased and 14,000 direct, and 33»000 contracts on used cars, 22,000 purchased and 11,000 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 Not for publication L.4.2 - 2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS MARCH 1964 AND FEBRUARY 1964 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost if Maturities Over 36 24 months ; 25-30 31-36 Total months or less months months Mar. Feb. Mar. |Feb. Mar. |Feb. Mar. | Feb. Mar. I Feb. PIJR CEASED PAPER 80$ or less 81# to 90% 91% to 100$ 101$ to 110$ Over 110$ Total 8.9 9.5 2.1 2.3 3.0 2.5 1.3 1.3 - O A -Oil 15.8 16.1 1.5 0.9 1.1 0.8 - M 4.8 4.4 26.7 18.2 31.7 16.3 0.1 0.1 0.3 0.2 0.1 27.6 18.7 30.4 16.2 7.0 0.8 0.7 100.0 100.0 0.1 36.6 20.4 30.3 8.3 0.1 40.7 20.3 28.8 6.6 3.6 16.0 14.9 27.2 14.3 6.4 0.1 0.2 0.4 0.1 78.5178.8 1.7 16.5 0.9 15.5 1.1 26.4 0.5 14.0 0.3 - M i -hi DIRECT LOANS 80$ or less 81$ to 90$ 91$ to 100$ 101$ to 110$ Over 110$ Total 18.1 6.7 7.9 1.3 0.6 16.9 6.0 8.0 1.5 0.6 4.0 1.9 3.0 0.4 0.2 3.1 1.7 3.2 0.5 0.4 18.5116.5 11.6(12.7 17.9119.1 4.9 6.3 2.8] 3.4 0.1 0.1 34.6 33.0 9.5 8.9 55.7158.0 0.2 0.2 100.0 100.0 11.6 3.2 3.8 1.3 10.7 2.1 2.0 3.2 1.2 1.1 4.2 1.6 1.6 1.4 "0.7 0.5 0.5 0.4 0.3 16.1 14.4 25.4 12.5 5.7 0.1 0.2 0.3 0.1 0.1 0.3 0.1 0.1 30.7 19.1 30.1 13.9 6.2 28.9 18.7 31.4 14.5 6.6 20.3 19.9 73.1 74.1 0.7 0.6 100.0 100.0 TOTAL 80$ or less 81$ to 90$ 91$ to 100$ 101$ to 110$ Over 110$ Total l/ * 5.9 5.4 17.0 14.6 24.4 11.9 5.3 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 69 banks for «. February and March and are not intended to be estimates for all commercial bank.. In March, reports covered about 23,000 contracts on new cars, 18,000 purchased ; and 5,000 direct. Data are not comparable with previous releases since com~ position of the group of banks changes from month to month. ( Details may not add to totals because of rounding. Not for publication L.4. 2 r?7 - 3 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) MARCH 1964 AND FEBRUARY 1964 USED CARS (Percentage distribution of contracts) Contract balance as percentage of wholesale value ~ij 2/ Over 24 19-24 12 months 13-18 Total months months months or less (Feb. 1 Mar.. 1 Peb^. Mar. j Feb. (Feb. Mar. Mar. ! Feb. Mar. PURCHASED PAPER 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 3-7 0.9 1.4 1.2 1.9 4.0 2.5 3.0 6.3 1.4 : 1.3 5.0 1.0 2.2 8.2 1.8 1.7 1.5 5.6 1.3 1 1.3 1.8 ! - M - M 6.3 4.3 8.5 5.2 6.4 6.6 6.6 6:0 12.1 12.2 7.4 7-3 14.3 13.6 19.0 13.9 23.5 15.5 28.0 19.8 12.6 24.7 15.3 27.6 9.1 9.8 11.0 34.3 33.4 46.8 45.7 100.0 100.0 5.5 3.0 5.0 2.5 37.1 14.8 23.7 9-7 I W 37.8 15.1 24.4 10.4 1?.2 100.0 100.6 9.7 DIRECT LOANS 6.2 3.0 5.1 2.0 4.1 10.7 2-5 5.8 2.0 3.0 12.6, 2.8 4.2 2.2 1.9 7.7 2.6 4.0 1.9 2.4 7.3 12.5 2.9 6.7 4.8 10.8 1.7 3.8 2.1 5.3 12.4 6.5 10.4 4.0 5.1 Total 22.0 23.7 18.6 18.8 39.0 38.4 20.4 19.2 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 5.6 1.3 2.1 1.4 2.1 6.4 1.5 2.4 1.5 1.8 3-9 1.7 2.4 1.5 2.6 7.9 5.4 8.9 5.1 8.1 8.0 4.9 9.0 4.9 8.0 6.4 6.3 5-6 5.1 10.2 10.2 6.0 6.0 Ihl 1 M 12.5 13.6 12.1 13.1 35.4 34.7 39.7 38.2 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# JL2 TOTAL Total 4.2 1.8 2.9 1.5 2.7 24.8 23.7 14.1 13.2 24.5 25.5 13.9 13.9 24.5 - 1 1 4 100.0 100.4 l/ 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 tabulation of data from 65 banks for February and March and are not intended to be estimates for all commercial banks* In March, reports covered about 17>000 contracts on used cars, 12,000 purchased and 5,000 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.
@FedFRASER