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Not for publication L.ii.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM October 9 , 195? D i C u l t x i w ^ A: SIX J^^^JRXTXES ON AUTOMOBILE INSTALMENT LOANS AUGUST 1957 AND JULY 1957 (Percentage distribution o f contracts) Maturities New cars 2k months or l e s s 25-30 months 31-36 months Over 36 months Total Used cars 1 / 12 months' or l e s s 13-18 months 19-2li. months Over 2h months Total Total Purchased Paper- Aug. July" Aug. Direct loans July Aug. July 32.2 22.2 U5.3 0.3 100%) 30.8 22.5 1*6. U 0.3 lOoTo" 23.6 21.0 55.0 o.U 100.0 22.9 20.7 56.0 o.a 100.0 52.1 25.0 22.7 0.2 100.0 100.0 19.0 2iu2 li2.1 19.3 23.5 1*2.8 100.0 100.0 16.9 21. a a3.3 18. a 100.0" 16.6 20.9 aa.a iQ-l 100.0 2a. 2 30.8 39.2 J A . 100.0 25.8 29.6 39.0 5.6 100.0 as.9 26.5 2a.6 *Less than one-tenth o f one per cent. 1 / Figures are predominately for l a t e model used cars but. include data from a few banks for a l l used cars. NOTE: Distributions are based on oulations o f data from 133 banks for July and August and are not intended to be estimates for a l l commercial banks. In August reports covered about 32,000 contracts on new cars, 22,000 purchased and 10,000 d i r e c t , and 25,000 contracts on used cars, 18,000 purchased and 7,000 direct. Since composition of the group of banks changes from month to month, data are not comparable with previous r e l e a s e s . For distribution according to maturities and contract balance as a percentage of dealer c o s t , see following pages. Not f o r p u b l i c a t i o n — 2 — DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS L# it. 2 AUGUST 1 9 5 7 i>ND JU^Y 1 9 5 7 . NEW CARS Contract balance as percentage o f dealer c o s t 1 / Maturities 31-36 2it months 25-30 months or l e s s months Aug. j July A U R . 1 July Aug. i July Over 36 months Aug. 1 July Aug. 1 J u l y PURCHASED PAPER 80% or l e s s 61% to 90% 91% to 100% 1 0 1 # to 110% Over 110% Total 15.9 3.6 3.3 0.9 0.3 Ik. 7 3.6 3.1 0.9 0.3 2it.O 22.6 7.2 6.0 7.0 3.2 0.8 2lt.2 6.9 6.3 7.0 3.0 1.0 21.2 12.5 11.7 16.8 7.6 3.0 51.6 12.7 * ll.it 0.1 0.1 17.it 8.0 3.L 0.1 0.1 52.9 0.2 * -* 0.1 0.3 , 3 5 . 6 | 3U.3 21.3 21.h 27.6 27.2 11.6 I U - 9 lt.l 100.0 1 1 0 0 . 0 LIEIECT I£JANS • 80% or l e s s uo:s 81% t o 90% Over 110% 10.0 lt.lt 1.3 o.lt Total $6.6 91% to 100% 101% to 110% 12.8 33.8 10.9 13.6 6.6 8.1 5.9 8.0 1.6 1.8 0.9 1.1 2i3 52.6 30.1 8.0 PjlL 31.ii 6.0 * it.O 0.1 0.1 5.0 3.0 3.6 1.1 o.it 0.3 13.1 16.0 1.2 • * '* 59.1 19.7 16.1 it.O 52.6 23.0 1.1 18.1 it. 2 2.1 * 100.0 100.0 * * ltl.8 0.1 0.1 * 39.0 21.8 25.1 10.0 lt.l 100.0 * . -* 1.5 0.2 TOTAL 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 2 2 . it 5.3 3.6 1.0 O.it 19.6 0.5 32.7 30.3 5.5 3.8 0.9 8.it 10.5 11.0 9.It 13.3 5.9 2.3 9.6 2.8 0.6 6.7 7.3 ,2.7 0.9 13.9 6. it 25.7 26.0 a . u. 10.5 8.9 6.1 7.3 2.6 X 0.1 20.9 2li.3 9.7 3.3 0.2 0.2 100.0 0.1 *' y *Less than o n e - t e n t h o f one per c e n t . NDTEi D i s t r i b u t i o n s are based on t a b u l a t i o n s o f data from 8£ banks f o r July and August and are not intended to be e s t i m a t e s f o r a l l commercial banks. I n August reports covered about 17*000 c o n t r a c t s on new c a r s , 13,000 purchased and 000 d i r e c t . Since composition o f the group o f banks changes from month to month, data are not comparable with previous r e l e a s e s . Not f o r publication - 3 - L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) AUGUST 1957 AND JULY 1957 USED CARS (Percentage d i s t r i b u t i o n of contracts) Maturities Contract balance 12 months Over 24 19-24 13- 18 as percentage of or l e s s months months months wholesale value 1 / 2 / Aug. 1 July Aug. 1 July Aug. [July Aug. I J u l y Total Aug. 1 J u l y PURCHASED PAPER 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 3.0 3.8 3.2 5-5 4.1 3.2 23.1 17.6 25.6 15.3 18.4 22.4 17.2 25.7 16.7 18.0 18.8 19.8 100.0 100.0 1 9.0 | 9.1 j1 3 - 7 J . 5 [-3^2 1.4 1.4 0.9 0.7 1.0 1.6 2.0 1.2 0.4 49.3 18.3 2^5 49.6 18.4 18.2 7-1 6.7 3 8 . 3 Ii 3 9 . 3 5.4 5-7 100.0 100.0 2.7 30.9 17.8 100.0 100.0 5-2 2.2 3.5 2.0 2.8 4.8 2.4 3.1 1-9 2.? 5.0 3.8 4.7 3.1 4.0 4.9 3.4 4.7 2.9 4.1 9-7 8.1 11.9 6.6 _8.6 8.2 12.4 7-8 8.2. 15-7 14.7 II2O.6 20.0 44.9 45.5 15-7 3.6 3.2 0.7 0.9 16.4 2.9 3.2 1.6 1.1 17.8 . i d 17.0 4.4 5-5 1.4 1-5 24.1 25.2 32.2 29.8 8.9 3.2 3.5 5 5 3 6 DIRECT LOANS 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 5.6 5-8 1.7 14.7 7.8 8.3 4.0 j| 1 4 . 3 19.0 7.1 6.3 TOTAL 80% or l e s s to 90% 91% t o 100% 101% to 110% Over 110% 81% Total 8.3 2.6 3.4 1.6 2.? 8.2 2.5 3-1 1.8 2.2 4.3 5.0 2.7 3.2 18.2 17.8 24.0 8.8 8.4 I 11.1 8.0 ? *7 10.9 4.9 5-8 2.5 3.1 7-1 22.8 42.9 10.4 8.5 11-5 6.6 6.7 4.1 2.8 2.4 3-2 2.8 4.3 3.0 2.4 43.7 14.9 15.7 2.9 30.2 23.4 17.5 23.8 12.9 13.9 15.0 14.6 2/Wholesale value represents "average wholesale," "as i s , " "or "buying value" as indicated by used car guides. NOTE: D i s t r i b u t i o n s are based on tabulations of data from c j banks f o r July and August and are not intended to be estimates f o r a l l commercial banks. In August reports covered about 14,000 contracts on used cars, 10,000 purchased and 4,000 d i r e c t . Since composition of the group of banks changes from month to month, data are not comparable with previous r e l e a s e s .
@FedFRASER