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HH i Not for publication BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM October 7 , i 9 6 0 L-4.2 MATURITIES ON AUTOMOBILE INSTALMENI/LOANS AUGUST I960 AMD JULY i 9 6 0 (Percentage distribution of contracts) Maturities -Aug. . New cars 24 months or lese 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 24.6 65.6 0.5 100.0 16.8 17.2 .41.3 24.7 100.0 July 25.4 9.2 65.1 _ 0 ^ 100.0 Purchased Paper July -fog. Aug. Direct loans 18.7 7.2 73.4 100.0 13.2 15.3 42.6 28.9 100.0 ' 12.8 15.0 44.1 28.1 100.0 l/ Figures are predominately 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 135 banks for July and August and are not intended to be estimates for all commercial banks. In August reports covered about 36,000 contracts on new care, 26,000 purchased and 10,000 direct, and 19,000 contracts on used cars, 14,000 purchased and 5,000 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. itf" Not for publication DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INoTALi'ENT LOANS L.4.2 AUGUST I960 AND JULY 1960 (Percentage distribution of contracts) Contract balance as percentage of d3ti.l"r cost 1/ 2k months or ] Aug. July Maturities 31-•36 25--30 months months Aug. 1 July Aug. 1 July Over 36 months Aug. 1 July Total 1 Aug. 1 July PURCHASED PAPER 12.0 3.7 3.1 0.8 -Oil 2.4 2.1 2.2 0.7 Qjl 2.4 1.6 2.1 0.8 0.2 15.1 16.9 24.5 11.2 19.0 | 20.1 7.6 7-1 73.3 27.1 7.0 5.2 1.4 0.8 11.2 3.3 2.7 1.0 0.4 11.6 80# or less 81# to 90# 3-3 91# to 1006 3.0 101# to 110# 1 0.8 Over 110# 0.3 Total 14.2 18.4 24.2 11.2 72.7 * 29.1 22.3 29.8 12.7 28.6 23.7 29.5 12.8 0.1 0.1 — — 0.1 0.1 1 0 0 . 0 j 100.0 0.1 — 50.5 I 21.4 18..9 5-8 —Lit 0.3 100.0 * DIRECT LOANS 80# or less 81# to 90 -; 91# to 100# 1 0 1 # to 1 1 0 # Over 110# Total 25.4 7-3 5.2 1.4 1.3 40.6 | 41.5 7-7 3-6 3-4 1.6 0^2 13.8 10.8 11.0 3.4 JV7 15.1 10.9 10.1 3.9 _1-1 0.1 I 18.6 16.5 40.7 41.7 0.1 0.1 0.1 50.0 21.5 18,8 7.0 100.0 TOTAL 80# or less 81# to 90# "31# to 100# 101# to 110# Over 110# Total 15.0 I 15.8 4.6 4,2 3.6 ; 3.6 0.9 1 1.0 0.6 0.6 j 24.3 1 2 5 . 6 4.5 2.4 2.3 0.8 Qzl 3.8 2.2 2.4 0.9 0.2 14.8 15.4 21.2 9.3 JbJL 14.5 16.4 20.6 9-3 JL£ * * 0.1 0.1 0.1 — — 10.3 9.5 65.3 64.7 0.1 0.2 34.3 22.0 27.2 11.0 J5.5 100.0 34.1 23.2 26.7 11.3 4.7 100.0 1 1 1/ 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 82 banks for July and August and are not intended to be estimates for all commercial banks. In August reports covered about 20,000 contracts on new cars, 15,000 purchased and 5,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases. Mk Not for -publication i* L.4.2 - 3 DEALER COST RATIOS AMD MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) AUGUST I960 AND JULY i960 USED CAES Contract balance as percentage of wholesale value 1 / 2 / (Percentage distribution of contracts) __ Matur.iti 12 months 1 3 - I 8 ~ ^ 19-24 Over 2k Total or less months montshe months Aug. I JYiIy j Ana. I July Aug. i Ju3..y Aug I. July" Aug, 1 July PURCHASED PAPER 80% or less 81$ to 90$ 91$ to 100$ 101$ to 110% Over 110$ Total 4.3 3.7 2.6 2.3 2.6 3.1 2.0 1.9 2.6 - M 14.0 2.9 2.5 2.9 2.2 J^L 6.0 3.3 2.7 7.9 11.0 2.9 2.1 6.8 3.3 Jhl 13.5 ! 14.2 14.3 41.4 8.3 2.8 5.1 4.3 7.6 4.5 10.4 8.8 9.2 8.0 5.6 5.9 10.2 J ^ 2 - M 17.7 18.7 17.3 17.1 26.2 24.7 16.6 17.9 22.2 - 2 1 A 30.4 27.7 100.0 100.0 12.2 8.2 7:8 6.7 3.4 2.5 3.2 1.8 2.2 3.0 2.7 2.4 1.9 1.4 42.6 19.1 20.8 8.5 9.0 42.6 17.2 18.1 11.6 39.8 13.1 11.4 100.0 100.0 44.5 DIRECT LOANS 80$ or less 81# to 90$ 91% to 100$T 101$ to 110$ 16.7 31.9 3.2 1.2 16.6 3.0 3.9 1.6 9.4 3.8 4.7 1.3 2.0 10.8 3.3 4,0 1.4 2.3 13.1 39.0 8.9 9.7 4.2 3.1 Over 110$ Jul Total 26.7 27.0 21.2 21.8 7.4 3.0 3.1 1.8 2.3 7.7 2.5 2.9 1.8 2.3 4.7 2.8 3.4 2.0 3.2 5.4 2.9 3.2 1.9 3.0 7.9 8.2 10.6 6.1 7.9 9.4 7,8 9.7 7.6 8.7 4.6 3.8 7.6 4.5 5.1 2.8 4.0 7.1 4.8 4.5 24.6 17.8 24.7 14.4 18.5 25.3 17.2 22.9 16.1 18.5 17.6 17.2 16.1 16.4 40.7 k3.2 25.6 23.2 .LOO.O 100.0 TOTAL 80$ or less 81$ to 90$ 91$ to 100$ 101$ to 110$ Over 110$ Total 2/ Wholesale value represents "average w h o l e s a l e " a s is^" "or buying value" as indicated by used car guides. NOTE; Distributions are based on tabulations of data from 68 banks for July and August and are not intended to be estimates for all commercial banks. In August reports covered about 10,000 contracts on used cars, 7,000 purchased and 3,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous releases.
@FedFRASER