Full text of L.4.2 Auto Loans by Commercial Banks : Maturities and Dealer Cost Ratios : November 7, 1963

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Not for publication
BOARD OP GOVERNORS OP THJ PJD 3iiAL R^o.lRV 1 3YST 31
L.4.2

November 7 > 1 9 0

AUTOMOBILE INSTALMENT/ LOANS AT COMMERCIAL BANKS
DECWTRdtiLEiS 3AFTEI SIX MONTHS
MATURITIES — SEPTEMBER 1963 AND AUGUST 1963
(Percentage distribution of contracts)

Maturities
New cars
24 months or less
25-30 months
31-36 months
Over 36 months
Total
Used cars l/
12 months or less
13-18 months
19-24 months
Over 24 months
Total

!

Total

fSept.
I

Aug.

Purchased
paper
Sept. j Aug.
i

1
!
1
j

Direct
Loans
nug.
Sept.

19.7
5.4
74.4
0.5

| 100.0

19.8
5-7
73-8
_0iZ

15.1 j
4.3
80.1
_0^

!

15.3
4.5
79.4

32.4
8.4
58.9
0.3

31.3
8.8
59.6
0.3
100.0

100.0

100.0

100.0

100.0

15.5
14.3
37.1

15.9
13.5
37-2

11.9
12.7
36.1
59.3

12.3
12.0
36.5
39.2

22.6
17.5
38.9
21.0

| 100.0
i

100.0

100.0

100.0

100.0

!
i

j

23.0 *
16.6
38.5
21.9
100.0

l/ Figures are predominantly for late model used cars but include data
from a few banks for all used cars.
Note:—Distributions are based on tabulations of data from 123 banks
for August and September and are not intended to be estimates for all commercial banks. In September, reports covered about $2,000 contracts on new
cars, 23,000 purchased and 9>000 direct, and 24,000 contracts on used cars,
16,000 purchased and 8,000 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..




15-7
Not for publication

-2-

L. 4.2

DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
SEPTEMBER 1963 AND AUGUST 1963
NEW CARS
(Percentage distribution of contracts)

Contract balance
as percentage of
dealer cost 1/

24 months
or less
Sept. 1 Aug.

25-30
months
Sept. 1 Aug.

Maturities
31-36
months
Sept. i Aug.

Over 36
Total
months
Sept. I Aug. Sept. 1 Aug.

PURCHASED PAPER
8.5
2.3
2.4
1.1
0.4

8.8
2.1
2.6
1.4
0.4

1.7
0.8
1.1
0.6
0.1

1.8
1.0
1.1
0.7
0.1

16.3
16.7
27.4
14.5
5.7

15.9
16.2
27.2
13.5
6.3

*
0.1
0.2
0.1
0.1

0.2
0.2
0.3
0.2
0.1

Total

14.5

15.2

4.2

4.8

80.6

79.0

0.5

0.9

80% or less
81% to 90%
91% to 100%
101% to 110%
Over 110%

17.3
5.4
7.2
1.2
0.6

17.2
5.9
7.8
1.1
0.4

3.7
1.4
4.7
0.5
0.3

3.3
2.0
5.3
0.6
0.3

18.7
10.1
20.0
5.5
3.2

15.6
11.2
19.9
6.2
3.1

*
*
0.1
*
*

0.1
0.1
*
*
6.1

31.7

32.3

10.6

11.6

57.5

56.0

0.2

0.2

100.0 100.0

80% or less
81% to 90%
91% to 100%
101% to 110%
Over 110%

26.5
19.9
31.0
16.3
6.2

26.7
19.3
31.2
15.9
6.9

100.0 100.0

DIRECT LOANS

Total

39.8
16.9
32.1
7.2
4.0

36; 1
19.2
33.0
7.9
3.9

TOTAL
80% or less
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total
V
*

10.1
2.9
3.3
1.1
0.4

10.4
2.8
3.6
1.4
0.4

2.1
0.9
1.8
0.6
0.2

2.1
1.2
2.0
0.7
0.2

16.7
15.5
26.0
12.9
5.2

15.8
15.2
25.7
12.1
5.6

*
*
0.2
0.1
0.1

0.1
0.1
0.2
0.2
0.1

29.0 28.6
19.3 19.3
31.3 31.5
14i 6 14.3
5.8
6.3

17.8

18.6

5.4

6.1

76.3

74.5

0.5

0.7

100.0 109.0

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 68 banks for August
and September and are not intended to be estimates for all commercial banks. la
September, reports covered about 17,000 contracts on new cars, 14,000 purchased and
3,000 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.




Not for publication
4

L.4.2

-3dealer cost r.tios and maturities
ON AUTOMOBILE INSTALMENT LOANS (continued)
SEPTEMBER 1963 AND AUGUST 1963
US>1D CARS
(Percentage distribution of contracts)

Contract balance
as percentage of
wholesale value ij 2/

12 months
or less
Sept. kug.

Maturities
Over 24
19-24
13-18
months
months
months
Sept. 1 Aug. Sept.| Aug. Sept.| Aug.

'
Total
Sept. |Aug.

PURCHASED PAJP3R
80% or less
81# to 90%
91% to IOO56
101# to 110%
Over 110#
Total

3.4
1.0
2.2
1.9
2.7

4.4
1.2
2.0
1.3
2.8

11.2

11.8

2.6
1.4
2.4
1.6

2.4
1.7
2.2
1.4
-III

11.9 10.8

5.6
5.5
9-1
5.7
10.7

5.3
5.7
9.0
5.4
11.6

4.8
4.7
6.7
6.3
9.5
9.7
6.2
5.8
13.2 M

36.5

37.0

40.3

40.4

12.1 12.1
6.4 6.4
11.5 10.0
3-9 3.5
4.5 _ ^ 6

5.4
2.9
5.4
2.4
2JL

4.3

38.3 37.7

18.2

19.7

7.2
5.9
9-3
4.8
9.9

4.9
5.6
8.4
5.1
10.0

4.6
5.5
8.7
4.9
10.8

36.9 37.1

34.0

34.4

16.3
14.6
23.2
15.4
30.5

16.8
14.9
22.9
14;0
31.4

100.0 100.0

DIRECT LOANS
80% or less

13.0
2.5
4.0
1.8
2.2

11.8
2.6
4.9
3-0
2.0

Total

23.5

24.2

80# or less
81% to 90yo
91# to 100%
101% to 110#
Over 110#

6.1
1.4
2.7
1.9
2.6

6.5
1.6
2.8
1.8
2.6

14.7

15.3

81% to 90%
91% to 1000

101% to 110#
Over 1104

7-7 6.7
2.8 2.4
5.6 5.3
1.8 1.9
2^2 M
20.0 18.5

1.1
2.4

38.3
14.4
26.5
9.9
11.0

34.9
14.9
26.5
10.8
12.9

100.0 100.0

TOTAL

Total

4.0
1.8
3.3
1-7
3.4

3.6
1-9
3.1
1.6
2.9

14.2 12.9

7.4
5.8
9.7
5.1
8.9

22.4
14.6
24.1
13.8
25.0

22.0
14.8
23.9
13.1
26.1 i

100.0 1 0 0 . 0 ;

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 64 banks for August
and September and are not intended to be estimates for all commercial banks. In
September, reports covered about 13,000 contracts on used-cars, 9»000 purchased and
4,000 direct. Data are not comparable with previous releases since composition of
the group of bank changes from month to month.
may not add to totals
Digitized for Details
FRASER


because of rounding.