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m -ITo t -Jar.publj. cajion BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.2 I M M I M T M R November 8, 1961 SIX O N A — M ~ W M SEPTEMBER 1961 AND AUGUST 1961 S (Percentage distribution of contracts) Total 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 Sept. Aug. 24.7 8.1 66.7 24.2 8.0 67.4 0.4 100.0 100.0 18.3 18.6 57.3 100i0 16.8 19.0 39-4 24.8 100.0 Purchased •paper Sept. Aug. 18.9 6.4 74.2 100.0 18.5 6.0 75.1 0.4 100.0 14.4 16.7 37.4 39.8 100.0 12.5 16.9 30.8 100.0 Direct loans Sept. 1 Aug. 40.2 12.9 46.4 39-7 13.2 46.6 100.0 100.0 27.0 22.8 37.1 26.0 23.5 38.6 100.0 JILL 100.0 a few banks for all used cars. NOTE: Distributions are based on tabulations of data from 128 banks for August and September and are not intended to be estimates for all commercial banks. In September, reports covered about 31*000 contracts on new cars, 22,000 purchased and 9>000 direct, and 20,000 contracts on used cars, 14,000 purchased and 6,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. For distribution according to maturities and contract balance as a percentage of dealer cost see following pages. Not for publication L.4.2 DEALER COST RATIOS AND MATURITIES ON AUT0110BILE INSTAM3NT LOANS SEPTEMBER 1961 AND AUGUST 19ol NEW CARS (Percentage distribution of contracts) dealer cost l/ Maturities Over 36 25-30 31-36 months months months 1 Sept. | AUT. Sept. | Aug. Sept. | Aug. Sept. | Aug. Sept. j Aug. PURCHASED PAPER 80# or less 11.1 11.4 1 81# to 90# 3.2 3.3 2.8 91# to 100# 3.0 101% to 110# , 0.8 0.9 Over 110# 0.4 | 2-1 Total 18.4 18.8 2.3 1.3 1.8 0.5 °-l5 2.1 1.4 1.4 0.6 0.2 14.4 17.3 26.4 10.8 _6.3 14.6 17.7 25.4 11.7 5.9 6.2 5.7 75.2 75.3 27.8 21.9 31.1 12.3 6.9 28.1 22.3 29.9 13.2 6.5 0.1 0.1 0.1 0.1 * * 0.2 0.2 100.0 100.0 0-3 0.1 37.4 21.4 25.8 10.0 5.4 40.8 25.1 23.6 6.9 3.6 0.4 100.0 100.0 0.1 29.9 . * 30.7 22.9 DIRECT LOANS 80# or less 81# to 90# 91^ to 100# 101# to 110# Over 110# Total 20.4 8.3 22.1 10.4 6.4 1.7 0.8 4-5 4.1 4.3 1.3 0.6 40.6 | 41.4 13.6 4.6 3-7 1.0 6.5 3.4 2.0 12.1 10.1 13.8 4.3 _2»4 0.1 0.1 0.2 0.2 .OA 12.4 8.9 14.8 5-1 2.8 14.8 15.5 44.0 42.7 0.6 2.8 1-9 2-3 0.7 2.9 2.1 1.8 0.7 0.2 14.0 15.5 23.9 9.6 5.6 14.1 16.2 23.0 10.2 5.2 7.7 68.6 68.7 6.3 4.6 3-3 0.9 TOTAL 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# Total 13.1 4.4 3.6 1.4 0.6 23.1 23.4 8.0 0.2 0.1 0.1 * 21.8 30.0 11.8 * * 6.5 28.6 11.9 5.9 0.3 0.2 100.0 100.0 and insurance charges. 1/ Contract balance does ]not include f inance ; * Less than one-tenth of one per cent. NOTE: Distributions are based on tabulations of data from 61 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 new cars, 10,000 purchased and 3»000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. Not for publication L.4.2 - 3 • DEALER COST RATIOS AND MATURITIES m AUTOM3BILE INSTALMENT LOANS (continued) SEPTEMBER ±961 AND AUGUST 1961 USED CARS (Percentage distribution of contracts) Contract "balance as percentage of wholesale value 1/2/ Maturities Over 24 12 months 13-18 19-24 Total or less months months months [Sept. 1 Aug. Sept.1 Aug. Sept.I Aug. rSept. 1 Aug.Sept.-* Aug. PURCHASED PAPER 80% or less 81ft to 90# 91% to 100% 101% to 110% Over 110% 4.4| 19.8 4.lj 16.5 20.0 4.8; 1 5 > 7.9! 21.5 14.2 22.3 31.4I100.0 100.0 10.2} 26.8 12.1 Total 16.7 26.8 DIRECT LOANS 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 2.3 26.2 29.2 25.4 24.9 36.4136.5 12.0 31.2 18.3 23.5 13.8 13.2 33.8 18.0 21.4 13.0 13.8 9.4:100.0 100.0 TOTffiL 80# or less 81% to 90% 91% to 100% 1QL% to 110% Over 110% Total li\ li U li 2.2 4.7 3.4 2.3 2.3 3.2 1.8 1.7 2.2 3.1 4.1 3.4 II 6.2 8.0 7.7 7.6 9.8 5-9 8,5 3.6 3.9 9.3 4.2 5.9 3.61 22.9 3.3! 17.0 8.2-.25.9 3.9: 14.9 6.4j 19.3 : 23.8 17.1 ; 25.3 | 13.8 I 20.0 17.9 16.8 18.3 18.3 36.9 39.5 26.9 2 5 . 4 ^ 0 0 . 0 1100.0 aind insurance *2/Wholesale value represents "average wholesale," "as is," or "buying.value" as indicated by used car guides. NOTE: Distributions are based on tabulations of data from 41 banks for August and September and are not intended to be estimates for all commercial banks. In September reports covered about 8,000 contracts on used cars, 6,000 purchased and 2,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases.
@FedFRASER