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Not f o r p u b l i c a t i o n L.lt.2 DECONTROLLED ""BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM November 12, 1957 AFTER SIX MOBTKS MATURITIES ON AUTOMOBILE INSTALMENT LOANS September 1957 AND AUGUST 1956 (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 2it months or l e s s 25-30 months 31-36 months Over 36 months Total Used cars 1 / 12 months' or l e s s 13-18 months 19-2k months Over 2 It months Total Total Purchased Paper Sept. Aug. Sept. Direct loans Aug. Sept. Aug. 32.lt 21.9 15.3 O.lt 100.0 32.9 21.9 I4U.8 o.lt IooTcT 25.3 19.6 5L.7 o.U 100.0 2lt.l 20.6 51.9 O.lt 100.0 It9.7 27.lt 22.8 0.1 100.0 52.3 2lu8 22.7 0.2 100.0 18.5 2U.5 1*2.8 lit. 2 100.0 16.5 21.3 U5.1 17.1 l5o7o 15.9 21.7 lilt. 5 17.9 leoTcT 26.0 27.6 1*2.0 lt.lt 100.0 2lt.6 ^ 30.9 38.9 5.6 100.0 19.5 23.3 hk.l 13.1 100.0 1 / Figures are predominate].y f o r l a t e model used cars but include dcta 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 are based on t a b u l a t i o n s of data from 135 banks f o r August and September and are not intended to be estimates f o r a l l commercial banks. I n September r e p o r t s covered about 29,000 c o n t r a c t s on new c a r s , 20,000 purchased and 9,000 d i r e c t , and 21,000 c o n t r a c t s on used c a r s , lb,000 purchased and 7,000 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 . 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 p e r centage of dealer c o s t , see following pages. Not f o r p u b l i c a t i o n - L. It. 2 2 - DEALI.R COST RATIOS AND MATURITIES ON AUTOI'DEILL INSTALMENT LOANS SEPTEMBER 1957 AND AUGUST 1957 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 ) Maturities 2 It months j 25-30 Over 36 j 31-36 or less j months | months months Sept. | Aug, i Seot. ; Aug.| Sept. 1 Aug. j Sept. 1 Aug. Total Septs I Contract balance as percentage of d e a l e r cost 1 / 38. U 22.8 26. U 9.3 3.1 37.3 22.it 26.5 io.5 3.3 PURCHASED PAPER 80% o r l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% 1 8 . 1 16.8 lt.0 3.7 3. It 3.2 0.9 0.9 OJt 0.3 ' 26.7 Total 25.0 7.6 5.8 6.1 2.3 0.5 7.3 6.5 6.5 2.5 0.8 12,7 12.9 16.8 6.0 2.3 13.2 12.lt 16.7 7.0 2.1 22.3 23.iij 50.7 51. h Total la.o 10.1 It. 3 1.2 o.U 11.3 9.7 7.U 3,5 0.2 13.6 6. k 8.0 1.5 0.3 5.2 3.7 2.It 1.6 0.2 5.0 2.9 3.7 1.1 0.3 52.0 ' 5 7 . 0 3k.l 29.8 13.1 13.0 37.lt 9.It 5.2 0.6 0.2 0.1 0.1 U.3 0.2 100.0 100,0 I DIRLCT LO^NS or loss x 81% to 90% 91% to 100% 101% to 110% Over 110% * 0.1 0.1 0.1 56.9 21,8 15.0 5.7 0.6 59.6 19.5 16.1 3.8 1.0 0.2 100.0 100 c 0 1-3.1 22.5 2;,5 O.U 2.5 lt3.6 21c 6 23.6 8,6 2,6 0.1 0.1 TOTAL 80;S or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 3.9 0,8 0.3 23.6 5.5 3.6 1.0 O.Lt 33.3 3U.1 23.0 5.3 9.3 ' 9.1 6.6 6.3 6.It 6.9 2.6 2.3 o.h 0 . 6 10.8 10.6 13.1 a.9 1.8 10.9 9.7 13.0 5.3 1,6 25.2 la. 2 lt0,5 25.3 0,1 0.1 ! 0.2 0.1 0.1 0.2 100.0 ->Less than one-tenth of one per c e n t . KOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s of data from 67 banks f o r August and September and are not intended to be estimates f o r a l l commercial banks 0 I n September r e p o r t s covered about 15,000 c o n t r a c t s on new c a r s , 11,000 purchased and it,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 . 100.0 Not f o r publication L.U.2 - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) SEPTEMBER 1957 AND AUGUST 1957 USED CARS 11 (Percentage d i s t r i b u t i o n of contracts) Maturities Over 24 Contract balance 12 months 19-24 Total as percentage of months | or l e s s months wholesale value l / 2/ Sept. | AUR. Sept. | Aug. Sept. i Aug. Sept. 1 Aug. 1 Sept. | Aug. PURCHASED PAPER 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 5-3 2.1 3.5 1.2 2.6 5.1 2.0 2,9 1.2 2.4 6.6 4.2 4.6 2.5 3.7 5.5 4.0 4.6 2.8 4.0 10.7 .9-4 11.9 7.0 8.2 10.6 8.8 12.1 6.6 26.3 24.6 18.7 18.4 24.4 24.3 13.1 14.0 17.5 18.7 14.7 13.6 21.6 20.9 4f.2 47.4 100.0 100.0 15.9 3-5 3.6 0.7 0.6 15.7 3-5 3-2 0.6 0.9 16.0 4.2 5.4 1-5 18.3 16.3 7-9 5-7 5-9 11.5 1-7 4.2 1.3 - 3 A 24.3 23-9 28.3 32.9 DIRECT LOANS 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 43.3 1.2 1.3 0.8 0.7 14.5| 7.9 8.3 3.8 1.2 1.0 1.3 0.1 38.1 4.1 5.1 11.8 8.5 11.0 5-7 2.9 2.7 2.9 3.4 hi 45.4 16.6 21.8 6.5 5-7 49.7 18.4 18.2 6.8 6.9 100.0 100.0 TOTAL 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% 8.8 2.6 ?.5 1.0 2.0 8.5 2.5 3.0 1.0 1.9 4.2 4.8 2.2 2.8 5.0 2.5 3.1 17-9 16.9 23.8 24.7 12.5 8.9 11.8 6.1 45.9 W JL2 1.6 -L2 44.5 12.4 23 J3A 13.9 32.6 18,4 22.4 11*7 34.0 18.0 23.5 10.9 J M 100.0 100 iO l/Contract balance does not include finance and Insurance charges. 2/Vholesale value represents "average wholesale," "as is," "or buying value" as indicated by used car guides. NOTE: Distributions are based on tabulations of data from 87 banks f o r August and September and are not intended to be estimates f o r a l l commercial banks. I n September reports covered about 11,000 contracts on used cars, 7,000 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 .
@FedFRASER