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Not f o r publication •
L.it.2
BOARD OF GOVERNORS OF THE FEDEfeftL RESERVE SYSTEM
September1958
MATURITIES ON AUTOMOBILE INSTALMENT LOANS
DECONTROLLED, AETEB SI?
: T; '
-•••
Maturities
JVNE1958 ;
(Percentage d i s t r i b u t i o n - o f - contracts)
....
• •Purchased
Paper
June
Total
July
June
New cars
. 2h months or l e s s
. 25-30 months
'31-36 months .
Over 36 months
Total
30.5
16/3
52.9
•-03
100.0
Used ;cars 1 /
. .12 jmonths or, l e s s
.. 13418 moriths.
. 19-2L months.
Ovsr 2b. months
. \ . . Total
19:0
22.lt
W:5
;i7ii;IOGUO.
;
July
. 31.1 '
17.3 '
'51.U
' 0.2
100.0
2tu0
.
:
'23.6:
3:14.7;
6U4
; 61.-7-Oil •
100.0 . • 100.0
,
...BLrec.t
Ik>ans
June
July
a.7
• 21.2'
33.9- 0.2
100.0
, .
-18.8
•22.3
" 42,2.'
16. 7
100.0
•
'
:
.
"...
15; 7 i • 15; 7. • 25.6
28.11
19.1 •
: 19*5 :
' lt2,8
38,9:
• W; 7
:
6.9
2 2 ; 0 ' . -.2115
rlOOTO .'
100*0
1Q0..0
1*6.9
22.7
30.3
0.1
100.0
25.2
28.9
39.1
6.8
100.0
1 / Figures are predominately f o r l a t e model used c a r s but include data from
: V A .few banks f o r a l l used c a r s . .• r
1
'•
NOTIE*. D i s t r i b u t i o n s .are based on tabulation's- op data from 139 Banks f o r
V Jupei and J u l y and are not intended to be' estimates fo-r a l l commercial banks#
. I n J u l y r e p o r t s covered jabout' 26,000 c o n t r a c t s on new c a r s , . 18,006 purchased
• .and 8,OPO .direct, and 27,Otit? c o n t r a c t s on used- c ; ars, 18,000 purchased and
" 9 , 0 0 0 " d i r e c t ; Since composition of the group:of.banks.changes Arom month to
\month^ data are not ..comparable with previous r e l e a s e s .
;;
d i s t r i b ^ 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 a p e r centage of dealer c o s t , see following pages*
Mot f o r publication
— 2
—
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALIIENT LOANS
L.U.2
JULY 1958 ;JTO JUliE 19 $8
NEW CARS
(Percentage d i s t r i b u t i o n of contracts)
Maturities
Over 36
31-36
25-30
months
months
months
July j June j July t June 1 July t June
Contract balance j 2h months
as percentage of
or l e s s
dealer cost 1/
July jJune
Total
July ; June
PURCHASED PAPER
i
80% or l e s s
15.7
81% to 90%
3.8
91% to 100%
3.U
101% to 110% 0.9
0.6
Over 110%
Total
2h.k
13.9
lt.0
3.5
1.1
O.b '
22.9
lt.lt
3.7
lt.1
2.0
O.lt
>-51
3.5
It. 6
2.1 1
0^6 j
lit. 6
lit. 3
19.3
8.6 8.5
lt.1 J u 2
13.5
lu.O
20.6
lit. 6 16.0 ! 60. £ 60.9
* 1 *
0.1
0.1
0.1
Qzl
0.2
33.6
21.6
28.2
11.5
0.2
1C0.0
0.1
50.2
20.6
21.3
6.0
1.9
0.1
100.0
33.7
21.9
27.U
11.7
S.I
100.0
DIRECT L 0 # S
80% or l e s s
30.8
81% to 90%
. 8.8
91% "to 100%
6.9
101% to 110% 1 . 1
Over 110%
0.6
Total
18.2
31.lt
9.2
5.6
l.lt
± 1 \
I1 10.9 10.6 i
5.6 |
1 5.0
7.0
7.7
|! 1.7 1 . 1
-2^5 . M 1
l t 9 . 5 | I 25.8
8-U 11.3
5.0
6.7
2.0
0.7
0.1
25.7
0.1
6.8
6.7
3.2
0.8
21.7 {
TOTAL
80% o r l e s s
81% to 90%
91% to 100%.
101% to 110%
Over 110%
Total
19.lt 18.6
5.3
5.0
It. 3 lt.0
1.2
1.0
0.6 -0.930.3
30.0
6.0
b.O
5.0
1.9
0.5
6.7
L.l
5.3
1.8
2iL
17. it 18. h
12.2 13.7
12.3 11.8
17.2 15.9
6.8
7.2
- M
52.1
51.U
o.i
o.i
ico.o 100.0
" S t r i b u t i o n s ° J e ° b ! S e d r = n e ^ u l a t i o n S of data from 89 banks f o r
to month, data are not comparable with previous r e l e a s e s .
Not f o r publication
L.4.2
- 3 DEALER COST BATHOS AMD MATURITIES
ON AUTOMOBILE INSTALMENT LOANS (continued)
JULY 1958 AND JUNE 1958
USED CAES
(Percentage d i s t r i b u t i o n of contracts)
Maturities
Over 24
12 months
13-18
months
or l e s s
months
July 1 June July 1 June July 1 June July | June
!$
Contract balance
as percentage of
wholesale value 1 / 2 /
* Total
July |j . t o
PURCHASED PAPER
80% or l e s s
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total
4.9
9-5 9.2
8.2
3.2
9-3
3.5 12.0 11.6
7.1
2.9
rs
3-7
5-3
2.1
2.6
1.9
5.8
3.2
4.1
2.3
2.9
14.3
14.4
18.3
18.2
16.8
3.4
3.5
1.1
1.2
14.6
3-5
3.1
13.9
5.9
14.7
26.0
23.O 27.9
5.4
2.6
1.9
2.5
1:5
44.1 45.1
4.2
4.6
5.8
524.7
18.5
25.3
15.5
16.0
23.6
19.2
23.5
15.6
18.1
23,3
22.3
100.0
100.0
1.6
0.9
2.0
0.9
M
4.0
11
3.8
DIRECT LOANS
80% or l e s s
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total
1:1
1.4
44.3
47.4
21.4
18.9
19.0
7.7
7.0 _ _ L 2
14.8
8.4
i i - 8.8
4.3
1.7
2.0
3.3
13.4
11.4
2.8
1.9
1.2
1.4
0.9
hi
39.6
41.8
6.5
6.7
100.0
100.0
11.1 10.5
8.3
9-9'
11.0 i l . l
6.3
6.2
a
3.4
4.0
5.0
2.9
2.9
3.4
3.4
4.6
2.8
3.1
31.7
18.6
23.3
13.1
13.3
30.2
19.9
22.2
13.1
14.6
44.0
18.2
17.3
100.0
100.0
28.5
?:!
1:2
TOTAL
80% or l e s s
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total
8.3
2.6
2.7
1.5
2.1
8.3
4.0
4.4
2.0
2.5
8.0
4.0
3.8
2,5
3.2
17.9 '17.2
21.2
21.5
8.9
2.3
2.9
1.7
2.1
42.7
2/Wholesale value represents "average wholesale," "as i s , 1 or buying value
as indicated by used car guides.
NOTE: Distributions are based on tabulations of data from 89 banks f o r June
and July and are not intended to be estimates f o r a l l commercial banks. I n July
reports covered about 15,000 contracts on used cars, 10,000 purchased and 5 , 0 0 0 .
d i r e c t . Since composition of the group of banks changes from mopfciryto month, data
are not comparable with previous r e l e a s e e .
@FedFRASER