The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
LIBRARY • - ^ R O C T ' 8 1963 for publication FEDETi -.i • : ^ C^giWij y • BOARD OF GOVERNORS' OF'THE FED^R. .AL RESERVE SYSTEM L.4.2 October 4, 1963 AUTOMOBILE INSTALMENT LO^IS AT COMMERCIAL BANKS DECONTROLLED AFTER SIX MONTHS MATURITIES — AUGUST 1963 AIJD JULY 1963 (Percentage distribution of contracts) Maturities Total Aug. July Purchased paper ' Aug. July • Direct loans Aug. July Nex-' cars 24 months or less 25-30 months 31-36 months Over 36 months Total 19.8 5.7 73.8 0.7 20.8 5-9 72.8 0.5 15.2 4.6 79.4 0.8 15.8 4,5 79.1 0.6 31.5 8.8 59-4 0.3 32.1 9.0 58.5 0.4 100.0 100.0 100.0 100.0 100.0 100.0 15.9 13.5 37.1 14.6 13.7 38.0 Jhl 12.3 12.1 36.4 39.2 11.1 12.2 36.2 40.5 23.0 16.5 38.5 22.0 21.3 16.6 41.6 100.0 100.0 100.0 100.0 100.0 Used cars 1/ 12 months or less 13-18 months 19-24 months Over 24 months Total 100.0 1/ Figures are predominantly for late model used cars but include data from a feu banks for all used cars. NOT J::—Distributions are based on tabulations of data from 123 banks for July and August and are not intended to be estimates for all commercial banks. In August, reports covered about 41,000 contracts on new cars, 30,000 purchased and 11,000 direct, and 29,000 contracts on used cars, 19,000 purchased and 10,000 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. 6 3 Hot for publication L. 4. 2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS AUGUST 1963 Aim JULY 1963 HEW CzlRS (Percentage distribution of contracts) Contract balance as percentage of dealer cost 1/ 24 months Aug. |July Maturities 31-35 25-30 I months months Aug.| July | Aug. i July Over 36 months Aug. | July" July PURCHASED PAPER 80% or less 817, to 90% 91% to 100% 101% to 110% Over 110% Total 8.8 2.1 0.1 1.7 1.0 1.2 0.7 j 16.0 16.1 Il6.3 16.6 126.7 26.4 13.6 13.8 6.0 -Oli 0.2 0.1 0.1 0.1 0.3 0.3 0.2 0.1 0.1 -Oil JL2 26.7 19.9 30.9 16.0 6.6 4.8 4.8 178.9 ! 78.9 0.9 0.6 100.0 LOO.O 0.1 0.1 0.4 0.2 0.1 36.8 19.6 31.6 4.0 41.0 20.0 28.3 7.5 3.2 8.9 1.9 1.0 2.6 1.4 0,4 3.0 1.4 0.3 1.1 15.3 15.6 2.1 0.7 26.9 19-5 30.7 16.0 DIRECT LOANS - 17.5 6.0 7.6 1.1 0,4 19.4 5-0 6.6 1-3 0,4 2.0 5.3 0.7 15.9 11.4 18.6 6.3 3.2 16.2 5.4 2.6 * 0.4 3.4 1.9 5.4 0.8 0.1 32.7 32.7 11.7 11.6 55.5 55.0 0.2 0.7 LOO.O LOO.O 16.5 15.8 0.2 0.1 0.2 0.2 0.1 0.2 0.1 0.3 0.1 0.1 28.8 19.5 30.9 14.5 6.3 29.9 19.9 30.3 14.1 0.3 0.7 LOO.O 6.3 74.4 73-5 18.7 j19.5 j 6.2 i I Contract balance does not include finance and insurance charges. LOO.O 80% or less 01% to 93% 91% to 130% 101% to 110% Over 113% Total 3.4 17.9 12.9 * 8.1 TOTAL 80% or less 81% to 30% 91% to 100% 131% to 113% Over 110% 10.5 !11.2; 2.2 ' 2.1 2.8 | 2.8 j 1.2 1.2 2.1 3.6 | 3.8 i 1.9 1.4 1.4 0.7 0.7 -0.-2 0.4 ! 0.3 - M - 16.0 15.3 25.2 12.2 _5J 24.1 11,9 -1^2 Total V * Lass than one-tenth of one per cent. NOTE:—Distributions are based on tabulations of data from 67 banks for July and August and are not intended to be estimates for all commercial banks. In August, reports covered about 22,000 contracts on new cars, 18,000 purchased and 4 , 0 0 0 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 L. 4. 2 DEALER COST RATIOS AND MATURITIES Oil AUTOMOBILE INSTALMENT LOANS (continued) AUGUST 1953 AND JULY 1963 USED CARS (Percentage distribution of contracts) Contract balance as percentage or wholesale value 1/ 2/ 12 months or less Aug. 1 July M aturitiec 19 -24 13 -18 months months Aug. [July Aug. 1 July Over 24 months Aug. 1 July Total Aug. | 1 July PAPER PURCHASED : 80% or less 8.1% to 90% 91% to 130% 101% to 110% Over 110% 4.4 1.1 2.3 1.6 3.1 3.3 1.1 1.8 1.6 2.5 2.4 1.4 2.2 1.6 3.3 2.5 1.2 2.4 1.7 4.1 5.1 4.8 9.2 6.2 12.3 4.9 4.4 8.3 5.9 12.8 Total 12.4 10.3 10.9 11.9 37.6 36.4 80% or less 01% to 90% 91% to 100% 131% to 113% Over 113% 12.6 3.5 3.3 1.9 11.9 2.3 3.6 2.1 2.3 7.2 2.5 4.2 2.1 2.4 7.2 2.6 5.5 2.0 2.4 13.3 6.7 8.2 3.8 24.0 22.2 18.3 19.7 38.4 15.1 4.3 4.1 9.8 7.9 15.2 15.7 11.4 22.9 16.2 33.7 15.1 10.9 22.3 17.1 34.6 39.0 41.3 100.0 100.0 3-8 4.1 9.3 6.7 DIRECT LOANS Total 2.6 4.6 3-7 12.9 7.6 9.6 4.4 6c3 5*6 2.4 3.0 40.1 7.2 5.3 8.7 5.5 10.7 37.8 15.5 21.5 37.7 5.7 2.5 4.2 2.9 ' 2.8 11.6 13.6 -Hd. 19.3 18.0 100.0 100.0 4.0 4.0 8.2 5.4 11.6 4.6 3.6 8.2 6.4 11.6 22.0 12.6 22.5 14.8 27.8 21.5 12.0 22.4 15,4 2S.4 13.6 13.0 14.2 37.7 37-4 33.2 34.5 100.0 100.0 5.6 14.9 22.9 11.4 TOTAL 00% or less 81% to 93% 91% to 100% 101% to 110% Over 110% Total 6.8 1.5 2.6 2.1 2.7 15-7 5.7 1.4 2.3 1.7 2.4 3-8 1.7 2.6 1.8 3.0 3.9 1.6 3-3 1.8 3.6 7.4 5*3 8.9 5.5 10.5 1/ 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 52 banks for July and August and are not intended to be estimates for all commercial banks. In August, reports covered about 12,000 contracts on used cars, 8,000 purchased and 4,000 direct. Data are not comparable with previous releases since composition of the group of bank changes from month to month. Details may not add to totals because of rounding.
@FedFRASER