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45"-/ 22«2_gS_gowmRs QF THE federal j • — - L.4.2 "rvrrrr D8CONTROLLED AFTER SIX MOHTHS October 9 y i967 direct a u t o loans B Y C0M ® S C I U , BANKS August 1967 Three end in. months NEW CAR CONTRACTS ? 6 r ° f C ° nCra ='= bitten for. Jl-36 months 0 v e r 36 months "«"«» 25.5 25.0 5.9 67.3 1.3 86.1 U S E D -nt - U S 6 d ffedl3n c a r loa 6.2 66.7 0.2 ^ 86.1 86.6 CONTRACTS of contracts written for- 1 9 - 2 4 months • O " " 24 months A U 26.9 6.0 67.4 1.3 loan/value ratio 87.6 ^ 25.3 5.8 68.0 1.2 ""tracts: 20.7 13.2 37.1 29.0 19.6 12.9 36.6 30.9 19.2 12.9 37.3 30.6 18.6 13.4 37.7 30.3 " / v a I u e ratio 89.0 L.4.2 -2DEALER A U T O LOANS B Y COMMERCIAL BANKS (PURCHASED PAPER) August 1967 July 1967 Three months ending A u g u s t * 1967 | 1966 NEW CAR CONTRACTS Per cent of contracts written for: 24 months or less 25-30 months 31-36 months Over 36 months 12.6 3.3 83.2 0.9 13.2 3.3 82.4 1.1 13.1 3.3 82.3 1.3 13.4 3.8 81.7 1.1 93.4 93.2 93.1 93.6 Contracts written for 36 months: Median loan/value ratio USED CAR CONTRACTS Per cent of contracts written for: 12 months or less 13-18 months 19-24 months Over 24 months 9.8 9.8 31.9 48.5 9.3 9.4 31.7 49.6 9.5 9.4 31.9 49.2 8.9 9.3 30.8 51.0 97.3 98.4 98.7 100.1 All usied car contracts: Median loan/value ratio *Unweighted arithmetic m e a n of the three monthly ratios. 4 # L.4.2 -3DEALER COST RATIOS A N D MATURITIES ON AUTOMOBILE INSTALMENT LOANS A U G U S T 1967 A N D JULY 1967 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost 1/ 24 months or less Aug. July 25 -30 uhs A u g . 1 July Maturities Over 36 31-36 months months A u g . 1 July Aufi. 1 July Total Aug. 1 July PURCHASED PAPER 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total 8.1 1.3 2.2 0.7 _0A 7.9 1.3 2.2 0.8 0.6 1.3 0.5 1.0 0.3 0.2 12.8 12.8 3.4 14.0 2.8 5.1 0.8 14.0 3.2 4.8 1.1 2.9 0.9 2.4 0.4 3.1 0.9 2.4 0.5 J^0 _2^8 o_iZ 23.9 24.1 9.4 1.7 2.8 0.7 0.5 9.3 1.7 2.8 . 0.8 _0^7 15.1 15.4 1.2 0.6 0.9 0.3 M 17.7 13.9 29.1 14.5 8.0 17.8 14.5 29.5 13.7 7.7 3.2 83.2 83.2 27.2 15.8 32.5 15.7 8.8 27.0 16.6 32.8 15.0 8.6 0.8 100.0 100.0 0.1 0.1 0.2 0.1 42.6 15.1 26.3 7.4 8.6 44.6 15.4 26.0 8.3 5.7 100.0 100.0 0.1 0.1 0.2 0.1 0.2 0.2 M M 0.6 0.3 0.2 0.2 DIRECT LOANS 80% or less . 81% to 90% 91% to 100% 101% to 110% Over 110% Total M 25.4 11.1 18.4 6.0 6.7 27.3 11.1 18.6 6.6 4.6 7.5 7.1 67.6 68.2 1.0 0.6 1.7 0.6 1.4 0.4 1.6 0.7 1.2 0.3 0.1 M 20.0 13.7 27.0 12.1 7.0 0.1 0.1 0.2 0.1 M 19.4 13.3 26.8 12.6 7.7 4.4 4.1 79.8 79.8 M TOTAL 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% Total M 0.2 0.2 0.2 30.6 15.7 31.2 13.8 8.7 31.0 16.3 31.3 13.4 8.0 0.7 0.7 100.0 100.0 1/ Contract balance excludes finance and insurance charges. * Less than one-tenth of one per cent. NOTE: Distributions for August and July are derived from reports of 111 banks, 69 of which reported dealer cost ratios as well as maturities. The August maturity distribution for new cars shown on pages 1 and 2 is based on 37,000 contracts, 26,000 purchased and 11,000 direct. The cross-classification on this page is based on 19,000 contracts, 15,000 purchased and 4,000 direct. The data are not intended to be estimates for all commercial banks and are not comparable with previous releases since composition of the group of banks changes from month to m o n t h . Details m a y not add to totals because of rounding. H<51 L.4.2 -4DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) AUGUST 1967 AND JULY 1967 USED CARS (Percentage distribution of contracts) Contract balance as percentage of wholesale value 1/2/ 12 months or less Aug.1 July Maturities 19-24 months 13-18 months Aug.IJuly I Aug,IJuly Over 24 months Aug.1 July Total Aug, I July. PURCHASED PAPER 80% or less 817= to 90% 91% to 100% 101% to 110% Over 110% 3.8 1.6 1.4 1.2 2.1 3.6 1.3 1.6 1.1 2.2 2.6 1.4 1.9 1.5 2.6 1.8 1.6 2.0 1.2 2.7 5.1 6.1 7.2 4.7 8.4 4.5 5.3 5.2 5.4 9.0 7.9 7.9 10.0 10.9 4.4 8.7 9.9 8.2 15.3 16.5 16.9 18.1 20.5 16.1 28.4 15.0 16.2 22.5 16.7 29.6 Total 10.1 9.8 10.0 9.3 31.6 30.4 48.3 50.5 100.0 100.0 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 11.1 3.5 3.8 0.8 2.1 9.4 3.5 4.7 0.7 2.1 6.4 1.9 3.6 1.0 2.2 5.5 11.8 12.2 8.3 9.0 37.6 36.2 2.4 3.9 0.6 2.0 6.4 9.1 3.1 6.7 5.5 10.2 2.9 5.0 4.7 5.7 2.8 4.9 5.2 6.4 3.2 5.6 16.5 22.3 7.7 15.9 16.6 25.1 7.4 _iizl Total 21.4 20.4 15.1 14.4 37.1 35.8 26.4 29.4 100.0 100.0 80% or less 81% to 90% 91% to 100% 101% to 110% Over 110% 6.0 2.2 2.1 1.1 2.1 5.3 2.0 2.5 1.0 2.2 13.6 13.0 DIRECT LOANS TOTAL Total 2.9 1.8 2.6 1.0 2.5 7.2 6.2 7.8 4.2 7.9 6.8 6.2 6.3 5.4 7.7 7.1 8.6 8.7 9.6 4.0 6.9 7.9 7.3 12.1 13.3 23.2 17.6 21.1 13.5 24.6 21.3 16.3 23.3 13.9 _25i2 11.6 10.8 33.2 32.0 41.6 44.2 100.0 100.0 3.7 1.5 2.4 1.3 2.5 V Contract balance excludes finance and insurance charges. 2/ Wholesale value represents "average wholesale," "as is," or "buying value" as indicated by used car guides. NOTE: Distribution for August and July are derived from reports of 111 banks, 65 of which reported dealer cost ratios as well as maturities. The August maturity distribution for used cars shown on pages 1 and 2 is based on 28,000 contracts, 19,000 purchased and 9,000 direct. The cross-classification on this page is based on 15,000 contracts, 10,000 purchased and 5,000 direct. The data are not intended to be estimates for all commercial banks and 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. 1
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