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# Not f o r publication BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.2 November 7> I960 MATURITIES ON AtJTOMOBILE INSTALMENT fcpANS . ONTROLLED AFTER SIX'MONTIS ' "SEPTEMBER I960 AND AUGUST i960 (Percentage d i s t r i b u t i o n of contracts) .. Total .Sept, . Maturities New c a r s . , t •' 24: months, or l e s s t 25-30 months 31-36 moriths Over 36 months. Total Purchased paper Aug. Sept. Aug. 24.,i" 66,0- ' 100.0 100.0 18.9-.7:1' ' 75 0.4 ' • 100.0 - Used cars, l / ; .12 months dr l e s s . 1 3 - 1 8 months • 19-2.4 months . Over 24 months Total is.4 . , 17;. 6• 41.1 ' 16.6 2 4 . 8 r. 100.0 * i -7.3: 73.2' i • - 37-2 • 15.7: < . . : 47.0 : . 0.1 : 'IQQ.o' • . - 1 0 0 . 0 38.6 14.5 46.8 0.1 .100,0 .. -13.Q t ^7,9 - 1 5 . 3 v; 21,9,1 : .42.d •V 37.6\:; - - S 12.6 : ; - 2 M • 1 0 0 . 0 = : - 1 0 0 . 0 ". •: 1 0 0 . 0 1 • li>i •• i ; •' To§f§ 18.8. •• Direct ~ loans Sept. Aua. : : X j25^ -E 100.0 1/ Figures are predominately f o r l a t e model used cars but include data from a few banks f o r a l l used cars.., . . . . • . : . NOTE: Distributions; atre ;based~bn; t a b u l a t i o n s of'data:froin. 1J5 banlcs, f p r ; •August and September and arid'jtipt; intended "to be -estimates f o r a l l commercial banks. Jit •September report's qtivejred ajbojit' '3^4*000 contracts: tin;new. c a r s , 24,000 purchased and 10,000 d i r e c t , and 16,000 cohtractg•' on used? . o a r s . 1 1 , 0 0 0 .purchased and 5,000 direct.* - Since-composition 1 o f . thfejjgroujpc-bf banks clA^ges from ; month t o j g o n t h , / : data are .-not; comparable wi^h.previous releases." —• For'-di^tributien- according .to..maturities £md_ contract balande as a percentage J of dealer cost,' see foiio'tiHL:rig'-'^ag6Si.:r r ' 1 ' ' . .. Not f o r publication L.4.2 DEAL3R COST RAH0S AND IaTURITISS ON AUT0K0BIL3 INSTALMENT LOANS SEPTEMBER i960 AND AUGUST 19 60 NS?7 CARS (Percentage d i s t r i b u t i o n of contracts) Contract balance 1 24 months as percentage of ; or less• dealer cost l / Sept.) Aug. Maturities 25-30 31-36 | Over 36 months months j months lSept.1 Aug. jSept. i Aug. Sept., I Aug. i Total Sept. 1 Aug.' PURCHASED PAPER .80.5 or l e s s .. : 11.7 si?; to 90# - 3.2 91# to 100# ! 2.8 101# to 110#! 0.6 Over 110# j : 0.4 . Total 11.6 3.3 3.0 0.8 0.3 2.7 - . 2; 4 2.1 1.9 2.2 1-7 -0.5 0.7 0.2 0.3 14.6 17.7 26.8 10.1 4.9 I5.I 16.9 24.5 11.2 5-6 74.1 73-3 18.7 19.0 7.1 23.6 5-9 6.9 0.9 0.9 25.0 7.1 5.6 1.4 1.3 10.3 3.6 3.8 0.9 0.8 10.9 12.7 • 3-2 9-7 3-2 14.1 1.0 4.0: 0.4 1.8 38.2 40.4 19.4 18.7 --42.3: . 4 0 . 8 7.6 * ; 0.1 * 29.0 22.8 31.4 11.2 5.6 -29.1 22.3 29.8 12.7 6.1 100.0 100.0 46.6 19.2 24.8 5-9 3-5 49.6 21.0 20.4 5.7 0.1 100.0 100.0 0.1 33.1 22.0 29.9 9.9 5.1 34.1 21.9 27,5 11.0 . 0.1 * * 0.1 0.1 DIRECT; LOANS 80# or l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# Total. 13.6 10.7 11.6 •3-3 1:6 0.1 * 0.1 : * ' 0.1 * .. - ---TOTAL 80# or l e s s 81# to 90# 91# to 100# 101# to 110# • Over 110# ; Total 14.5 3.8 3.8 0.6 0.5 14.9 4.2 3.6 1.0 0.6 4.5 2.3 2.2 0.6 0.4 4.5 2.4 2.4 0.8 0.2 23.2 24.3 10.0 10.3 14.1 • 14.7 15.9 15.3 21.4 23.8 8.7 9:2. 4.2 66.7 0.1 ' ±1 ' * 65.3 0.1 0.1 -V :5-5 100.0 '160.0 * Less than one-tenth of 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 b u l a t i o n s of data from 82 banks f o r August and September and are not intended to. be estimates f o r a l l commercial banks. In September r e p o r t s covered about 19,000 c o n t r a c t s on new c a r s , 14,000 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 . I -' H i Not f o r publication # - 3 - I».4.2 DEALER COST RATIOS AMD MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) SEPTEMBER i960 AND AUGUST i960 USED CARS (Percentage d i s t r i b u t i o n of contracts) Maturities Contract balance 12 months 13-18 19-24 Over 24 Total as percentage of or l e s s months months months wholesale value 1 / 2 Sept. 1 Aug. Sept. -LAug. Sept. J Aug. Sept. 1 Aug. SentJ Aw. PURCHASED PAPER 80% or l e s s 81# to 90# 91% to 100$ 101# to 110# Over 110# Total 4.4 2.5 3.3 1.9 3.2 3.1 2.0 2.6 2.6 2.3 3.5 2.3 4,9 15.3 14.0 15.6 1:1 li 2.9 2.2 6.1 7.8 10 M^ 14.2 0 d 4l.8 6.0 7.9 11.0 6.8 U 7.5 i:,1 £.1 1 41.4 27.3 30.4 13.1 8.9 3.3 2.3 9J 16.0 17.7 18.2 17.3 24.6 2 6 . 2 16.0 1 6 . 6 25.2 2 2 . 2 100.0 100.0 DIRECT LOANS 8 0 # or l e s s 8 1 # to 9 0 # 91# to 100# 101# to 110# Over 110# Total 17.1 16.7 3.9 3.2 h 5 1.6 1.2 2*0 JLZ 28.6 26.7 8.8 3.6 3.9 u 20.4 li 4.7 1.3 2*2 21.2 10.9 8 JL3 U l^i 36.8 39.0 14.2 3.4 40.1 42.6 2.5 19.1 3.2 20.8 1.8 9.9 8.5 2 ^ ..,11,4 9rO S:2 13.1 1 0 0 . 0 1 0 0 . 0 TOTAL 8 0 # or l e s s 81# to 90#= 91# to 100# 101# to 110# Over 110# Total a 1 1:1 8.2 2.8 3.4 1.8 . 4.4 3.1 1.8 2.3 hs 19.4 17.6 H 2.4 3.4 2.0 3.2 17.0 16.1 M 7.6 7.9 8.2 7.7 10.0 10.6 6.0 6.1 9.0 40.3 40.7 3.1 4.6 6.1 4.0 2^ 23.3 4.6 3.8 ii 25.6 ^ 3 . 3 24.6 1 7 . 8 17.8 2 3 . 1 24.7 14.2 14.4 2 1 . 6 18.? :1 0 0 . 0 100.0 1 / Contract balance does not include finance and insurance charges. 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 66 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 9,000 contracts on used cars, 6,000 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 .
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