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165" TAP: 1- 196) Jl • Not f o r publication - h BOARD OF GOVERNORS OF THE .FEDERAL RESERVE SYSTEM L.k.2 May 9, 1961 Txffr^TOdLLED iiBTER SIX K08TH3M1TURITIES ON AUTOMOBILE INSTALMENT LOANS D MARCH 1961 AND .FEBRUARY 1961. . . (Percentage d i s t r i b u t i o n o f contracts) Total Maturities Mar. New cars 2k &onths or l e s s 25-30 months 31-36 months Over 36 months Tbtal Feb. 30.2 i 1 i 29.8 9.0. 9.8 60.4 0.4100.0 60.0 0.4 100.0 . Purchased .. : paper Feb. Mar. •22.5 . 7.2 69.8 0.S-' 100.0 22.2 • 7.7 69.6 0.5 100.0 : Mar. loans* Feb. 44.8 12.7 •42.4 \ .0.1 100.0 14.3 4o.o 0.2 100.0 I Used carc 1 / 12 months or l e s s 13-18 conths 19-24 months . Over 24 npnths Total j 27.8 14.9 30.9 I 19.2 20.9 15.7 22.3 16.6' 21.9 18.8 17.0 | 18,4. : " 3 7 > 38.2 i 38.7 3 9 . 4 3$.9 39.3 j. 23.7 22.1 29.2 27:9 12.9 j! 1 0 . 9 . '•100.0 ! 100.0 100.0 100.0 1C0.0 100.0 . 1 l / Figures are predominantly f o r l a t e model used card but include data from a few banks f o r a l l u s e d . c a r s . NOTE: D i s t r i b u t i o n s are based on tabulations of data from 128 banks f o r February and March and are not.intended to be estimates f o r , a l l commercial banks. In March reports covered about -36,000 contracts.on new cars, 24 000 purchased anu. ,000 d i r e c t , and 23 .000 contracts on used cays 15 000 purchased and 8 000 d i r e c t . Since composition o f the group of banks changes from month to month data are not 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 maturities and contract balance as a percentage o f . d e a l e r cost, see following page. Not f o r p u b l i c a t i o n DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS L.4.2 MARCH 1961 AND FEBRUARY 1961 NEV/ CARS (Percentage d i s t r i b u t i o n o f c o n t r a c t s ) Maturities 24 months j 31-36 25-30 iconths or l e s s months Mar, j Feb. i Mar." iFeb. j Mar. I Feb. Contract "balance as percentage of Over 36 months Mar. I Feb. r Total Mar. I Feb PURCHASED PAPER 8G% or l e s s 12.9 12.4 4.1 4.5 81% o t 90% 4.2 3.8 91# to 100% 101% to 110% 1 . 1 I 0 . 9 Over 11C% _0J !— 23.0 j 2 2 . 1 Total 2.4 1.6 2.2 0.6 0* lie | 0.7 | — 7 . 2 |! 7 . 8 13.0 lb.4 23.9 10.6 12.7 16.6 23.5 11.3 0.1 0.1 0.1 696. 69.9 0.2 0.2 JLI 28.3 22.5 30.0 12.4 0.1 27.5 22.5 30.3 12.9 -M 100.0 100.0 1 45.8 1 18.6 | 26.3 40.7 18.1 30.4 7-0 3.8 DIRECT LOANS 80% o r l e s s 2 4 . 8 81% to 90% j 8 . 0 91% to 100% I 1 0 . 5 101% to 110% i 1 . 8 Over 110% ! Total | 45.8 121.1 :| 7.7 |l0.8 I 2'3 I 1.0 42.9 8.0 i 7.9 2.6 3 . 1 ! i:! 1.2 ! 0.9 j 15.2 17.6 ! l 29.3 38.9 H.7 8.2 13.5 3.8 0.1 39.5 0.1 !_tz 1100.0 100.0 T0T«~ 80% o r l e s s 1 1 6 . 1 114.7 5.0 81% to 90S | 5 . 5 91% to 100% | 5 . 7 5.9. 101% to 110%! 1 . 2 1.3 Over 110% i 0.8 _ 0 ^ Total 12.9 8.0 12.7 3.6 1.7 27.5 4.0 1.9 2.4 0.8 OJ 3.8 2.0 3.4 0.8 0.4 9.4 10.4 1 1 13.0 1 2 . 4 14.0 14.4 20.8 20.9 9.3 8.7 4.6 0.1 0.1 0.1 62.0 0.2 0.1 61.1 * 1 * 1 3 3 . 1 1 30.9 21.4 i 21.4 30.3 i 29.0 11.4 i 10.8 6.0 j _ i i !100.0 1 X/ (jonxracx. uaxaiuc u-uoo nv u * Leas than o n e - t e n t h o f one per c e n t . , NOTE: D i s t r i b u t i o n s are based on t a o u l a t i o n s o f data from 62 oaru-s f o Febraury and March and are not intended to be e s t i m a t e s f o r a±l commerci from month to month, data are not comparable w i t h previous r e l e a s e s . 100.0 )tn Not f o r publication - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) L.4.2 MARCH 1961 AND FEBRUARY 1961 USED CARS (Percentage d i s t r i b u t i o n of contracts) Contract balance as percentage of wholccale value l / 2 / 12 months or l e s s Mar.| Feb. 13-18 months Mar.! Feb. Maturities Over 24 19-24 months months Mar. 1 Feb. Mar. 1 Feb. Total Mar. 1 Feb. PURCHASED PAPER 80% o r leoo 81% to 90% 91# to 100# 101# to 110# Over HO% 4.4 2.4 3.5 2.0 3.1 4.5 2.3 3.0 2.6 3.7 3.5 2.5 3.0 2.6 4.2 3.7 2.1 3.0 2.4 4.9 Total 15.4 16.1 15.8 16.1 6 d 10.1 6.0 5.1 10.0 6.8 11.5 40.4 | 3 9 > 1 3.9 i l:V 8:1 8.3 il:? 23.9 15.9 25.0 ft? 28.4 28.4 100.0 100.0 1 . 3 I1 1 . 5 0.9 1.3 2.0 2.7 2 .0 2.1 2.6 2J 36.3 12.0 24.7 13.6 13.4 37-9 11.5 20.4 14.2 16.0 100.0 28.4 1:1 DIRECT LOANS 80% o r leoo 81% to 90# 91% to 1000 101% to 110% Over 110% Total 15 A 2.9 6.5 3.3 1.9 17.2 j 9 . 1 3.2, 3.2 I 6.0 10.0 4.1 7.3 5.7 7.3 30.0 3 3 . 1 j 24.4 | 23.41 3 5 . 6 34.4 10.0 9.1 100.0 7.2 4.8 9.2 6.5 10.1 3.1 4.0 5.5 3.8 6.0 2.7 3.3 5.8 4.0 6.6 24.2 15.2 24.1 15.2 21.3 m 3.21 1:2 2.9 9.2 3.3 5.4 2.71 2.8, TOTAL 80% o r l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% 7.9 2.6 2.7 8.5 1 2.61 3.8j 3.0 3.5 5.3 2.7 3.9 2.9 3.8 5.4 2.4 3.8 2.5 4.3 7.9 5-9 10.2 6.1 8.8 21.4 j 18.6 18.4 38.9 3 7 . 8 22.4 22.4 100.0 100.0 i. 1 / Contract balance does not include finance and insurance charges. as iiss,."" "or value" *0 ttu^innnia value Trninr. represents vo-nrfinAn+.A "average "ntr«T'nf*A wholesale," wholesale " "as "or buying bu 2 / / Wholesale as indicated by used car guides. NOTE: D i s t r i b u t i o n s are based on tabulations of data from 42 banks f o r February and March and are not intended to be estimates f o r a l l commercial banks. In March reports covered about 10,000 contracts on used cars, 7>000 purchased and 3,000 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 . Total 20.1
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