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J Not for publication BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1.4.2 October 8 , 1964 AUTOMOBILE INSTALMENT LOANS aT COMMERCIAL BANKS DECONTROLLED AFTER SIX MONTHS i ' : ; - MATURITIES — AUGUST 1964 Alii- JDLY 1964 (Percentage distribution of contracts) Direct Total Aug. July Purchased pa per July Aug. 18.5 4.7 76.3 0.5 17.9 5.0 76.6 0.5 14.4 4.0 81.1 0.5 13.6 4.2 81.6 0.6 28.6 6.5 64.6 29.0 6.8 63,9 100.0 100.0 100.0 100.0 100.0 100.0 13.2 12.9 37.2 36.7 13-2 12.1 .36.6 38.1 10.3 11.5 35.6 42.6 10.4 19.6 15.9 40.5 24.0 19.4 15.8 40.1 24.7 100.0 100.0 100.0 100.0 100.0 Maturities Aug. July New cars 24 months or less 25-30 months 31-36 months Over 36 months Total Used cars 1/ 12 months or less 13-18 months 19-24 months Over 24 months Total 10.5 35.1 44.0 ico. a. 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 120 banks for August and July and are not intended to be estimates for all commercial banks. In August, reports covered about 45>000 contracts on new cars, 32,000 purchased and 13,000 direct, and 30,000 contracts on used cars, 21,000 purchased and 9,000 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. I m Not for publication L. 4.2 -2DEALER COST RATIOS Aim MATURITIES ON AUTOMOBILE INSTALMENT LOANS AUGUST 1964 Aim JULY 1964 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost 1/ Maturities 24 months 25-30 31-36 Over 36 Total or less months months months Aug. 1 July| Aug. 1 July Aug. 1 July Aug. 1 July Aug. 1 July PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 8.5 1.9 2.4 1.2 0.4 7.5 1.7 2.4 1.1 0.3 1.4 0.7 0.8 0.6 0.6 14.3 13.0 4,1 1.7 16.0 0.8 16.0 1.0 27.4 0.4 14.6 , °«5 7.1 16.5 15.3 28.1 15.1 7.4 0.1 0.1 0.1 * * 0.1 81.1 82.4 0.3 0.2 100.0 100.0 4.3 0.1 * * 26.0 18.7 30.3 16.3 8.1 25.7 17.8 31.5 16.7 3.3 DIRECT LOANS 80% or less 31% to 90% 91% to 100% 101% to 110% Over 110% Total 17.2 4.2 6.3 1.1 0.7 17.6 4 .Q 6.3 1.2 0.6 2.9 1.1 2.4 0.6 0.2 2.8 1.3 2.9 0.6 0.2 19.6 11.0 21.9 7.1 3.6 19.5 10.8 22.0 6.8 3.2 * 0.1 0.1 * * * 0.1 0.1 0.1 A 29.4 29.7 7.2 7.8 63.1 62.2 0.2 0.3 100.0 100.0 0.1 39.7 16.4 30.6 8.3 4-5 40.0 16.1 31.3 8.6 4.0 TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 10.3 2.4 3.2 1.1 0.5 9.6 2.2 3.2 1.1 0.4 1.8 0.8 1.2 0.6 0.5 1.9 0.9 1.4 0.5 0.4 16.8 14.9 26.3 13.0 6.4 17.1 14. 4 20. 3 13.3 6.5 0.1 0.1 0.1 * * 0.1 0.1 * 17.6 16.5 4.8 5.0 77.3 78.1 0.3 0.3 100.0 100.0 23.9 18.2 30.7 14.8 7.4 28.7 17.5 31.5 15,0 7.4 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 65 banks for August and July and are not intended to be estimates for all commercial banks. In August, reports covered about 23,000 contracts on new cars, 18,000 purchased and 5,000 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. Hot for publication L. 4.2 -3DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENt LOANS (continued) AUGUST 1964 AND JULY 1964 USED CARS (Percentage distribution of contracts) Maturities Contract balance 12 months 13-18 1 19-24 Over 24 as percentage of Total or less months | months months wholesale value 1/ 2/ Aug, 1 July| Aug. I July| Aug. 1 July Aug. 1 July Aug. 1 July PURCHASED PAPER 80% or less 817= or 90% 91% to 100% 101% to 110% Over 110% Total 3.6 1.2 1.5 1.5 2.1 3.9 1.0 1.7 1.6 2.3 9.9 10.5 2.7 1.6 1.9 1.6 3.0 17.0 14.9 21.9 16.2 30.1 16.8 13.3 22.1 15. C 31.9 2.1 1.5 1.9 1.2 5.5 5.9 3.2 5.5 11.0 5.6 5.1 3.4 5.5 11.2 5.2 6.2 10.2 7.5 13.9 5.2 5.8 10.1 7.6 15.6 9.6 36.1 35.7 43.1 44.2 100.0 100.0 — 10.3 1 DIRECT LOANS 80% or less 81% to 90% 91% to 100% 101% to .110% Over 110% Total 10.3 2.3 4.0 1.9 2. 3 11.411 2.1 1 3.5jj 1.7 7.7 2.1 3.9 2.0 _L3 12.5 6.0 12.1 5.2 4.7 11.9 6.4 11.4 3.8 5.9 5.8 3.0 4.5 3.2 4.1 20.7 20.4| 18.2 | 13.9 40.5 39.3 20.6 21.4 100.0 100.0 7.1 2.5 3.8 1.9 Total 35.7 13.8 24.4 12.2 14.0 36.9 13.5 23.7 10.6 15.4 TOTAL - 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 5.8 2.9 5.0 3.2 4.5 5.4 1.5 2.2 1.6 2.1 5.9 lo 2 2.1 1.6 2.2 3.9 1.8 2.4 1.7 3.0 3.6 1.7 2.4 1.4 3.0 7.4 5.9 9.3 5.4 9.3 7.3 5.4 9.2 5.0 9.7 5.3 5.3 8.6 6.3 11.2 5.3 5.0 8.7 6.4 12.5 12.9 13.1 12.3 12.1 37.3 36.6 36.8 37.9 100.0 100.0 22.1 14.6 22.5 15.0 25.6 22.2 13.3 22.4 14.4 27.4 J 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 61 banks for August and July and are not intended to be estimates for all commercial banks. In July, reports covered about 15,000 contracts on used cars, 11,000 purchased and 4,000 direct. Data are not comparable vith previous releases since composition of the group of banks changes from month to month. Details may not add to totals because of rounding.
@FedFRASER