The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
11 * Not f o r p u b l i c a t i o n BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.U.2 October 9 , 1958 MATURITIES ON AUTOMOBILE INSTALMENT LOANS _ AUGUST 1958 AND JULY 1958 CONTROLLED AFTER SIX MOITTHS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities Total Direct Loans Purchased Paper July August 22.5 lk.h 62.8 0-3 100.0 2U.0 lli.l 61.6 0.3 100.0 15.3 22.3 32.3 0.1 100.0 U5.ii 21.1 33.3 0.2 100.0 16.2 19.5 U2.0 22.3 100.0 16.1 19.6 12.1 22.2 ioo.o 30.1 29.0 35.0 5.9 100.0 27.9 28.0 37.5 6.6 100.0 August July August New c a r s 2k months o r l e s s 25-30 months 31-36 months Over 36 months Total 29.3 16.8 53.7 0.2 100.0 30.7 16.3 52.7 0*3 100.0 Used c a r s 1/ 12 months o r l e s s 13-18 months 19-2^4 months Over 2'U months To t a l 20.7 22.6 39.7 17.0 100.0 20.0 22.3 bO, 6 ill1 100.0 July 1 / F i g u r e s are predominately tot l a t e model used c a r s b u t i n c l u d e d a t a from a few banks f o r a l l used c a r s . NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of d a t a from 138 banks f o r J u l y and August and are not i n t e n d e d to be e s t i m a t e s f o r a l l commercial banks. I n August r e p o r t s covered about 25,000 c o n t r a c t s on new c a r s , 18,000 purchased and 7,000 d i r e c t , and 25,000 c o n t r a c t s on used c a r s , 17,000 purchased and 8,000 d i r e c t . Since composition of t h e group of banks changes from month to month, d a t a are not comparable w i t h previous r e l e a s e s . For d i s t r i b u t i o n according to m a t u r i t i e s and c o n t r a c t balance as centage of d e a l e r c o s t , see following pages. per- Not f o r p u b l i c a t i o n L.4.2 - 2 — DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS AUGUST 1958 AND JULY 1958 NEW CARS Contract balance a s percentage of d e a l e r cost l / (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Mat u r i t i e s Over 36 24 months 25-30 31-36 months or l e s s months months Au%. J u l y Aug.. 1 J u l y Aug. 1 J u l y Aug. ]Uuly Total Aug. |1 J u l y PURCHASED PAPER 80$ or l e s s 81# to 9<# 91# to 100# 101% to 110# Over 110# Total 15.0 3.5 2.8 0.8 0.4 15.9 4.5 53 *:? 1.0 0.6 2.3 JLi 14.0 14.0 20.3 9.3 4-7 J3 62.3 60.4 4.3 3.8 4.1 2.1 22.5 24.8 15.1 14.7 30.9 10.2 5.5 1.5 0.8 31.2 9.0 10.2 6.0 6.3 10.9 4.1 7.5 48.9 49.0 13.3 13.6 20.6 0.1 33-5 20.5 27.8 12.4 5.8 21.2 28.3 11.8 0.1 100.0 100.0 0.1 49.3 23.3 18.2 6.5 2.7 50.3 20.1 21.4 6.2 2.0 0.1 100.0 100.0 0.1 * * 0.1 33.5 DIRECT LOANS 80# or l e s s 81# to 90# 91# t o 100# 101# to 110# Over 110# Total 7.0 1.2 0.6 1.5 1-7 0.3 0.6 24.3 24.8 8.1 8.2 n li u 3.3 0.8 26.8 * * * 26.1 TOTAL 80# or" l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# Total 18.9 5-1 3.5 1.0 29.0 19.7 li 5-9 3.7 1.0 0.6 5.1 2.1 0.6 30.8 17.4 6.0 3.8 4.9 2.0 12.6 12.3 16.9 7.9 12.0 12.0 17.2 0.1 7-4 JL£ 17.2 53-6 0.1 5i.9 37-7 37-4 21.0 21.1 25.5 , 26.5 10.4 11.0 4.4 100.0 100.0 1 nflnrar •Less man one--Lenta ujl uuo uouu. ^ „ „ Q_ NOTE* D i s t r i b u t i o n s a r e "based on t a b u l a t i o n s of data from 81 banks f o r covers a etuuuu a c , w u «« — , -' r o. «-p the 4-Via group m>ntin of nf banks 'hanks changes ch and. 3T000 d i r e c t. . Since composition of from month t o month, data are n o t comparable with previous r e l e a s e s . Not f o r p u b l i c a t i o n L.4.2 - 3 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) AUGUST 1958 AND JULY 1958 USED CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) C o n t r a c t balance a s percentage of wholesale value 1 / 2 / 12 months or l e s s Aug. | J u l y Maturities 13-16 19-24 months months Aug. 1 J u l y Aug. l J u l y Over 24 months Aug. l J u l y Total Aug. I J u l y PURCHASED PAPER 80% or l e s s 81% t o 90% 91% t o 100% 101% t o 110% Over 110% Total 5-5 2.0 2.8 1.8 2.4 5.0 2.0 2.9 2.1 2.7 14.5 14.7 3.9 2.4 3.5 5-2 3.2 4.2 2.5 3.2 8.3 8.1 11.9 8.2 7.6 8.7 8.0 12.0 8.0 7-5 18.0 18.3 44.1 44.2 1:1 M Jtii 22.8 16.8 25.3 17.5 17.6 23.4 22.8 100.0 100.0 1.9 -1.9 1.3 1.5 0.9 47.2 18.6 19.2 7-8 7.2 3.0 3.4 4.1 6.7 u 4.1 21.9 17.9 26.0 16.7 17.5 DIRECT LOANS 80% or l e s s 81% t o 90% 91% t o 100% 101% t o 110% Over 110% Total 17-5 3.5 3.1 1.3 1.7 16.8 g 14.6 9.0 8.6 1.5 1.9 30.3 27.9 36.1 8.7 3.7 4.5 2.1 2.9 8.0 4.0 4.6 2.2 2.6 10.3 8.4 10.9 6.2 21.4 41.6 13.8 1.2 1.2 15.3 5-9 5-9 1-5 1.7 27.1 26.2 9.3 2.5 2.9 1.6 2.2 8.8 2.5 3.1 1.8 2.2 M 2.0 11 -Id: 49.3 19.8 19.3 5.7 5.9 39.2 6.5 6.7 100.0 100.0 10.6 2.9 | 3.2 !U 31.2 17.8 30.1 18.2 23.8 13.8 1.4 8.7 4.3 1.7 TOTAL 80% o r l e s s 81% t o 90% 91% t o 100% 101% t o 110% Over 110% Total 18.5 18 A 21.9 8.1 10.9 IS 5.2 6.8 6.2 3.0 3.0 3.1 42.6 18.0 17.6 23.4 13.7 13.9 J i i i 100.0 100.0 2 ^ / h o l e s a l e v a l u e r e p r e s e n t s "average w h o l e s a l e , " " a s i s , " " o r buying value" as i n d i c a t e d by used c a r g u i d e s . NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of d a t a from 81 banks f o r J u l y and August and a r e n o t i n t e n d e d t o be e s t i m a t e s f o r a l l commercial banks. I n August r e p o r t s covered about 12,000 c o n t r a c t s on used c a r s , 8,000 purchased and 4,000 d i r e c t . Since composition of t h e group of banks changes from month t o month, d a t a a r e n o t comparable w i t h p r e v i o u s r e l e a s e s .
@FedFRASER