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Solo Lo&VXJ^ . 0 OAS / L t f ) ^\oJLrn tuCt' B O A R D OF G O V E R N O R S OF T H E F E D E R A L R E S E R V E S Y S T E M LIBRARY L.4.2 ; of November 19, 1968 $RECT AUTO LOANS B Y COMMERCIAL BANKS NEW CAR CONTRACTS Per cent of c o n t r a c t s w r i t t e n for: 24 m o n t h s or 25-30 months 31-36 months Over less 36 m o n t h s Contracts written 25.9 5.9 67.9 24.3 6.0 69.4 25.2 5.6 68.9 26.0 6.1 66.6 0.3 0.3 0.3 1.3 81.8 83.1 81.3 87.4 for 36 m o n t h s : Median loan/value ratio USED CAR CONTRACTS Per cent of c o n t r a c t s w r i t t e n for: 12 m o n t h s or less 13-18 m o n t h s 19-24 months O v e r 24 m o n t h s 16.8 13.2 36.4 33.6 16.6 13.4 37.5 32.5 17.0 13.1 37.3 32.6 19.8 13.4 37.1 29.7 82.3 85.5 84.5 89.0 A l l used car c o n t r a c t s : Median loan/value ratio '•Unweighted a r i t h m e t i c m e a n o f the three m o n t h l y r a t i o s . 5o? L . 4 .2 -2DEALER AUTO LOANS B Y COMMERCIAL BANKS (PURCHASED PAPER) NEW CAR CONTRACTS Per cent of contracts written for: 24 months or less 25-30 months 31-36 months Over 36 months 12.5 3.3 82.9 1.3 13.1 3.6 82.0 1.3 12.3 3.1 83.4 1.2 13.3 3.2 82.4 1.1 92.6 91.9 92.0 93.3 Contracts written for 36 months: Median loan/value ratio USED CAR CONTRACTS Per cent of contracts written for: 12 months or less 13-18 months 19-24 months Over 24 months 9.9 10.0 32.0 48.1 9.6 9.3 31.2 49.9 9.4 9.2 31.5 49.9 9.7 9.6 31.9 48.8 98.3 98.4 97.7 98.0 All used car contracts: Median loan/value ratio "'Unweighted arithmetic mean of the three monthly ratios. L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS SEPTEMBER 1968 A N D AUGUST 1968 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost 1/ Maturities 24 months 25-30 31-36 Over 36 or less months months months Sept.| A u g . Sept. 1 A u g . Sept. 1 A u g . Sept. 1 A u g . Total Sept. 1 Aug. PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 7.4 1.4 1.8 0.7 0.6 7.3 1.7 1.6 0.8 0.4 1.4 0.5 0.7 0.2 0.1 1.2-120.7 0.7 14.6 0.8 26.9 0.3 13.3 0.1 8.8 19.4 18.0 24.5 14.1 8.0 0.4 0.1 0.1 0.1 0.5 0.2 0.1 0.1 29.6 16.5 29.9 14.4 9.6 28.1 20.9 27.1 15.3 8.6 11.8 11.9 3.0 3.1 84.0 0.8 1.0 100.0 100.0 84.4 0.1 DIRECT LOANS 14.9 4.1 4.3 1.1 0.6 13.2 5.6 3.6 0.8 0.6 3.3 1.0 1.9 0.2 0.3 2.6 1.4 1.8 0.3 0.5 32.2 10.3 17.1 3.9 4.3 30.2 14.4 16.5 4.2 3.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 50.5 15.4 23.4 5.3 5.4 46.3 21.5 22.0 5.3 4.9 Total 25.1 23.8 6.7 6.7 67.9 69.2 0.3 0.3 100.0 100.0 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 9.2 2.0 2.4 0.8 0.6 8.8 2.7 2.1 0.8 0.5 1.9 0.6 1.0 0.2 0.2 1.6 0.8 1.1 0.3 0.2 23.5 13.5 24.5 11.1 7.7 22.1 17.1 22.5 11.6 6.9 0.1 0.4 0.1 0.1 0.1 0.4 0.1 0.1 0.1 34.6 16.2 28.4 12.2 8.6 32.6 21.0 25.9 12.8 7.7 15.0 14.9 3.9 4.0 80.4 80.3 0.7 0.8 100.0 100.0 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% TOTAL Total 1/Contract balance excludes finance and insurance charges. " Less than one-tenth of one per cent. NOTE: Distributions for September and August are derived from reports of 110 banks, 71 of which reported dealer cost ratios as well as maturities. The September maturity distribution for new cars shown on pages 1 and 2 is based on 36,000 contracts, 26,000 purchased and 10,000 direct. The cross-classification on this page is based on 20,000 contracts, 15,000 purchased and 5,000 direct. Il.e data are not intended to be estimates for all commercial banks and 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. I L.4.2 -4D E A L E R COST R A T I O S A N D M A T U R I T I E S ON A U T O M O B I L E INSTALMENT L O A N S (continued) SEPTEMBER 1968 A N D A U G U S T 1968 USED CARS (Percentage d i s t r i b u t i o n of contracts) Contract balance as percentage of w h o l e s a l e value 1/V frfeturities 13-18 19-24 Over 24 months months months S e p t . 1 A u g . Sept. 1 A u g . Sept. 1 A u g . Sept. 1 A u g . 1 12 m o n t h s Total Sept. 1 Aug. PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 3.7 1.2 1.4 1.2 2.5 9.9 3.4 1.1 1.4 1.2 1.9 1.4 1.8 1.1 5.9 5.4 5.9 4.4 -ill 2.7 1.8 1.9 1.2 2.9 5.8 5.3 6.8 4.7 8.5 6.2 6.7 10.5 8.2 16.5 6.0 6.8 11.9 9.2 16.4 18.5 15.1 19.7 15.0 _3U7 17.0 14.6 22.0 16.2 30.2 9.6 10.5 9.0 31.5 31.1 48.1 50.3 100.0 100.0 D I R E C T LOANS 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 11.5 1.4 3.8 0.8 1.1 10.1 2.3 3.2 1.1 1.4 5.4 1.5 4.1 0.9 1.7 5.6 2.5 4.5 0.9 1.5 14.8 4.0 9.9 2.8 3.9 14.8 6.4 9.7 3.1 4.2 15.8 3.4 6 .4 2.6 _ 4.2 11.2 3.9 6.5 2.5 4.6 47.6 10.3 24.1 7.1 10.9 41.7 15.1 23.9 7.6 11.7 18.6 18.2 13.6 15.0 35.3 38.1 32.5 28.7 100.0 100.0 9.2 5.7 9.2 6 .5 12.7 7.5 6.0 10.4 7.3 13.0 27.6 13.6 21.1 12.5 25.2 24.1 14.7 22.5 13.7 25.0 43.3 44.1 100.0 100.0 TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 6.1 1.2 2.2 1.1 2.0 5.3 1.5 1.9 1.2 2.2 3.5 1.7 2.6 1.1 2.5 2.9 1.7 2.5 1.0 2.5 8.7 5.0 7.1 3.9 8.0 8.4 5.6 7.7 4.2 7.3 12.7 12.1 11.4 10.7 32.6 33.1 1/Contract balance excludes finance and insurance charges. 2/Wholesale value represents "average w h o l e s a l e , " "as is," or "buying v a l u e " as indicated by used car guides. NOTE: D i s t r i b u t i o n s for September and August are derived from reports of 110 banks, 68 of w h i c h reported dealer cost ratios as w e l l as m a t u r i t i e s . The September maturity d i s t r i b u t i o n for used cars shown on pages 1 and 2 is based on 28,000 contracts, 19,000 purchased and 9,000 d i r e c t . The cross-classification on this page is based on 15,000 contracts, 10,000 purchased and 5,000 d i r e c t . The data are not intended to be estimates for all commercial banks and are not comparable with previous releases since composition of the group of banks changes from month to m o n t h . may not add to totals Digitized Details for FRASER because of rounding.
@FedFRASER